Shell Petroleum Company agreed to pay a whopping sum of N45.9B to Ogoni people for the losses suffered during the oil spillage that ravaged their communities.
Infoexpert24 reports that Justice came the way of the Ogoni people of Rivers state on Wednesday at the Federal High Court in Abuja where a multi-national oil company, Shell was ordered to pay N45.9B to Ogoni people.
The monetary compensation ordered by a Federal High Court ten years ago will be paid to the Ogonis through their lawyer, Chief Lucius Nwosu.
Shell Petroleum Company through its lawyer, Chief A. O Ejelamo, a Senior Advocate of Nigeria announced the decision to pay up the money while addressing Justice Ahmed Ramat Mohammed of the Federal High Court Abuja on Wednesday.
The senior lawyer sought the order of Justice Mohammed to permit payment of the debt through the Chief Registrar of the court in a bank account to be opened for the purpose.
The final decision to pay up the money was endorsed by Justice Ahmed Ramat Mohammed of the Federal High court Abuja.
Although Shell Petroleum had sought to pay through the Chief Registrar of the court, it was eventually agreed that the amount is paid to the aggrieved people through their lawyer.
The amount was awarded in favor of the Ogoni people by Justice Ibrahim Buba of the Lagos division of the Federal High court on June 14, 2010, in his judgment in a suit filed by the Ogoni people.
Infoexpert24 understands that the Ogoni people waived the interest on the principal amount as a concession agreed upon during reconciliation.