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FirstBank, Shell oppose Nigerian group’s bid to seize assets in oil spill dispute

FirstBank, Shell oppose Nigerian group’s bid to seize assets in oil spill dispute

TIFE OWOLABI and LIBBY GEORGE MEMBERS of a community in southern Nigeria had no right to seize assets from a bank branch this week in a dispute over compensation for an oil spill more than five decades ago,  the FirstBank and a unit of energy giant Shell has said. Members of the Ejama-Ebubu community and law enforcement officers entered a FirstBank branch in Port Harcourt this week to seize assets following a court award relating to the spill that took place in the 1967-70 civil war. The community was awarded damages worth 17 billion naira ($44.7 million), with accruing interest,…
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