11th Aug 2021 19:23
(Alliance News) - Oil giant Royal Dutch Shell PLC has agreed to pay around EUR95 million to communities in southern Nigeria over crude spills in 1970, the company and the community's lawyer said on Wednesday.
"The order for the payment of N45.9 bln (USD111 million, EUR94.9 million) to the claimants is for full and final satisfaction of the judgement," a local spokesman for Shell Petroleum Development Co of Nigeria said.
Lawyer Lucius Nwosa, representing the Ejama-Ebubu community in Rivers State, confirmed the decision.Â
Shell A shares closed 0.9% higher at 1,490.80 pence each in London, while the B shares rose 0.8% to 1,479.19p.
source: AFP
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