SHELL TO PAY £55M COMPENSATION TO NIGER DELTA COMMUNITY FOR OIL SPILLS

Shell Petroleum Development Company has finally agreed to pay £55 million in compensation for what it described as the two regrettable oil spills that occurred in Bodo community in Gokana Local Government Area of Rivers State in 2008, an indication that the community rejected the £30 million ($51 million) allegedly offered initially by the oil giant.

Shell’s Corporate Media Relations Manager, Mr. Precious Okolobo said in a statement on Tuesday that the £55 million settlement agreement provides for an individual payment to each claimant, who accepts the settlement agreement in compensation for losses arising from the spills, amounting to up to £35 million in total.

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