Shell PLC (NYSE:SHEL) is reportedly facing claims from Nigerian communities for 505 billion naira ($310 million) in damages.
The communities are alleging that the company violated a court order by agreeing to sell its onshore assets in the Niger Delta, reported Reuters.
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However, over 1,200 representatives from Ilaje communities in the Niger Delta have petitioned the Federal High Court in Abuja to halt the deal, arguing that Shell is violating a December 2023 ruling that suspended any asset sales until a compensation ...
