Photo Source: SPDC
Oil giant Shell Petroleum Development Company (SPDC) has agreed to pay N45 billion to Ogoni residents of Rivers State in the Niger Delta region of southern Nigeria.
The Ejama-Ebubu LGA residents, represented by their lawyer Isaac Agbara and nine others, filed a lawsuit 32 years ago seeking compensation for Shell's damage to their land due to the oil spill.
The spillage occurred between 1967 to 1970 during the Biafran civil war.
Recall that in 2010, a Federal High Court has ordered them to pay a fine but the case was contested at the Supreme Court.
The Supreme Court upheld the verdict in 2019, but the Dutch company continued to seek redress before later retraining the case to the Federal High Court in Abuja.
Shell announced its intention to pay the fine through its lawyer Aham Ejelamo during a court hearing on Wednesday.
Mr Ejelamo said the two sides had reached an agreement on the level of payment before the session.