BONGA OIL SPILL: HOUSE ORDERS SHELL TO PAY $3.6BN FINE

The House of Representatives has directed Shell Nigerian Exploration Company (SNEPCo) to pay the sum of $3.6 billion or N604.832 billion for the damage caused by oil spill from its equipment failure almost four years ago  in Bayelsa State

The House Committee on Environment gave the directive during an investigative public hearing on Wednesday, citing the breakdown of an independent value analysis it adopted, which totalled N63.6 billion, payable for direct losses (irreversible damages) the community incurred.

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