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Akure: Nigerian communities file N500 billion suit against Shell to halt sale of assets….. 

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More than 1,216 residents from the host communities have filed a N500 billion claim against Shell Petroleum Development Company, alleging a violation of an existing “Mareva” injunction and seeking to halt the sale of its onshore assets.

 

The communities were represented by Mr. Mohammed Ndarani, a Senior Advocate of Nigeria (SAN).

 

The case, filed at the Federal High Court in Abuja under case number FHC/ABJ/CS/1300/2024, follows a reported $2.8 billion divestment deal between Shell Petroleum Development Company Limited and a consortium of Nigerian organizations.

 

 

The host communities are contesting the transaction, claiming it violates a subsisting Mareva injunction issued by the Federal High Court in Akure on September 28, 2023.

 

The injunction had restrained Shell from disposing of its Nigerian assets until the case is resolved. The communities allege that the recent deal between Shell and Renaissance constitutes a clear breach of this order.

 

 

The claimants, represented by Mr. Mohammed Ndarani (SAN), are seeking a perpetual injunction to prevent Shell, Renaissance, and any other potential investors from entering into further negotiations to dispose of the assets in question.

 

They have also requested the court to order Shell to pay N500 billion in damages and an additional N5 billion for legal costs within 48 hours of the judgment. The host communities, primarily fish farmers, claim to have suffered significant property losses due to frequent oil spills from ruptured pipelines owned by Shell.

 

Backstory

In January, Shell agreed a divestment deal, valued at $1.3 billion with an additional $1.1 billion in potential payments tied to receivables and cash balances, involves Renaissance, a consortium of ND Western, Aradel Energy, First E&P, Waltersmith, and Petrolin.

 

 

 

Opposition to Shell’s sale of onshore assets

However, the deal has generated opposition from civil society groups and communities blaming Shell for seeking to abandon its responsibilities to clean up the Niger Delta region where it operated for around 50 years.

 

Prominent among them is Amnesty International and other civil society groups who are urging the Nigerian government to halt Shell Plc’s proposed sale of its onshore oil operations in the country.

 

The Centre for Research on Multinational Corporations (SOMO) argues that Shell should not be permitted to divest from the Niger Delta until it addresses its responsibility for cleaning up its legacy of pollution and ensuring the safe decommissioning of abandoned oil infrastructure.

 

SOMO’s report emphasizes a concerning lack of transparency around the financing for decommissioning activities. While Nigerian law requires companies to allocate funds for decommissioning, it remains unclear whether any significant amount has bee

n set aside for this purpose.

 

 

 

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Former Governor Ifeanyi Okowa, Spends Second Night In EFCC’s Cell Over N1.3 Trillion Alleged Fraud

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Immediate past governor of Delta State, Ifeanyi Okowa, who was arrested and detained by the Economic and Financial Crimes Commission (EFCC) has spent second night in the custody of the anti-graft commission.

 

Okowa is currently being investigated and detained over the alleged diversion of N1.3 trillion.

 

The N1.3 trillion reportedly represents the 13% derivation fund from the federation account between 2015 and 2023.

 

According to sources within the commission, Okowa was invited to the EFCC office in Port Harcourt, Rivers State, where he’s subsequently detained by officials.

 

One of the sources stated, “Okowa was at our Port Harcourt office following an invitation from investigators probing the allegations against him. He was then arrested. The commission is investigating him regarding the N1.3 trillion 13% derivation fund from the federation account between 2015 and 2023.

 

“He is also accused of failing to account for the funds, as well as another N40 billion he allegedly claimed was used to acquire shares in UTM Floating Liquefied Natural Gas. He reportedly bought shares worth N40 billion in one of the country’s major banks, representing an 8% equity stake, to support the offshore LNG project. The funds are alleged to have been misappropriated for other purposes.

Investigators are also examining the alleged diversion of funds by the former governor to acquire estates in Abuja and Asaba, Delta State. He is currently being held at the EFCC facility in Port Harcourt.

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Lagos Government Shuts Down Redeemed Church, Celestial Church, Clubs, Event Centres Over Noise Pollution

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The Lagos State government has shut down a branch of Pastor E. A. Adeboye’s Redeemed Christian Church of God, a Celestial church, nightclubs and event centres over noise pollution.

The Commissioner for Environment and Water Resources, Tokunbo Wahab, who made this known on Wednesday, said the churches, clubs and event centres were sealed on Tuesday by the Lagos State Environmental Protection Agency (LASEPA) in the Ogudu, Gbagada, Iyana Ejigbo, Isolo, Ajao Estate, Oshodi, Ilasamaja, and Okota areas of the state.

The sealed establishments include: Redeemed Christian Church of God, Celestial Church of God, OMA Nightclub and Lounge, Lounge & Lodging, Bridge Spot Bar, Okiki Event Center and Hall, Emota Paradise Hotel (Phase 2), CF Hotel & Suites, House 27 Hotel & Suites, Echo Spring Hotel, and Smile T Continental Hotel.

The commissioner in a post on X said, “In a bid to address noise pollution and other environmental violations, the Lagos State Environmental Protection Agency (LASEPA) took action yesterday, closing down several establishments across different parts of the state.

“This enforcement drive, focusing on areas like Ogudu, Gbagada, Iyana Ejigbo, Isolo, Ajao Estate, Oshodi, Ilasamaja, and Okota, is part of LASEPA’s continuous efforts to uphold environmental standards and safeguard public health.

“The affected establishments include Honourable Lounge & Lodging, Redeemed Christian Church of God, Celestial Church of God, OMA Nightclub and Lounge, Bridge Spot Bar, Okiki Event Center and Hall, Emota Paradise Hotel (Phase 2), CF Hotel & Suites, House 27 Hotel & Suites, Echo Spring Hotel, and Smile T Continental Hotel.”

 

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Gen. Taoreed Lagbaja: Tinubu directs flags be flown at half-mast

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President Bola Tinubu has directed that Nigeria’s national flags be flown at half mast for seven days across the country to mourn the passing of the late Chief of Army Staff, Lt. Gen. Taoreed Lagbaja.

The late Army chief, who was appointed by Tinubu on 19 June 2023, was said to have passed away on Tuesday night after a prolonged illness.

The Secretary to the Government of the Federation, George Akume, in a statement on Wednesday by his office Director of Information & Public Relations, Segun Imohiosen, said the president expressed regret over Lagbaja’s death.

Akume said, “President Bola Tinubu has expressed regret following the death of the Chief of Army Staff, Lieutenant General Taoreed Abiodun Lagbaja, after a brief illness at the age of 56.

“The President has directed that national flags be flown at half mast throughout the country for seven days in honour of the departed Army chief.

“He profoundly appreciates the services of the departed to the nation and wishes the family the fortitude to bear the great loss.”

Meanwhile, the Ministers of Defence, Mohammed Badaru and Bello Matawalle, have commiserated with the president, the military, and Lagbaja’s family over his death.

In a statement by the Ministry’s spokesperson, Henshaw Ogubike, the ministers described Lagbaja’s death as a great loss to his family, the Army, and the nation at large.

“The passing on to eternal glory shocked us at the Ministry of Defence, as our working relationship with him was commendable; he exhibited the spirit of camaraderie and cooperation with us in the discharge of our mandate.

“The late Chief of Army Staff contributed significantly to internal security operations across Nigeria and also exhibited a high level of professionalism.

“He will be greatly missed by the family, the military, and the nation, as he served the nation with commitment and dedication,” the statement added.

 

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