LAGOS, Aug 11 (Reuters) - Oil major Shell will pay
a Nigerian community 45.9 billion naira ($111.68 million) to
settle a case over an oil spill that took place more than 50
years ago, a spokesman said on Wednesday.
The company will pay the Ejama-Ebubu community in Nigeria's
Ogoniland the "full and final settlement" to end the case over a
spill that took place during the 1967-70 Biafran war.
Nigeria's Supreme Court in November last year denied
Shell's bid to challenge a 2010 award of 17 billion naira
($41.36 million), that with accruing interest the community had
said was worth more than 180 billion naira.
Shell has said it never got a chance to defend itself
against the substance of the claims, and early this year
initiated international arbitration against Nigeria over the
case.
Shell Petroleum Development Company of Nigeria Limited, in a
statement, said it maintained that the spills were caused by
third parties during the war, and that it had fully remediated
the sites in the Ebubu community.
The company, the most significant international oil major
operating in Nigeria, has faced a string of court losses over
the past year over oil spills and is in talks with the
government to sell its stakes in onshore oilfields.
($1 = 411.0000 naira)
(Reporting By Libby George, additional reporting by Tife
Owolabi; Editing by Aurora Ellis)