Shell is still juggling legal hot potatoes both in Nigeria and the United Kingdom. In one corner, about 1,200 plaintiffs in Akure are crying foul over a 2011 oil spill. In the other corner, a UK court is letting a group of Nigerian fishermen cast their legal nets against Shell in yet another lengthy legal saga.
Posted by John Donovan: 8 Jan 24
In a plot twist worthy of a courtroom drama, Shell plc’s Nigerian subsidiary, Shell Petroleum Development Co. (SPDC), has scored what can only be described as a legal slam dunk. Nigeria’s Supreme Court, in a move that surely had Shell’s execs high-fiving, upheld its appeal in a pollution case. This 2022 decision is a big deal, potentially unlocking the gates for Shell to sell off its multi-billion-dollar assets in Nigeria.
Let’s set the legal scene: SPDC, clutching a 30% stake in a Nigerian joint venture, found itself in a pickle when a court order put a big red stop sign on divesting assets until the pollution case was wrapped up. This not only put a wrench in Shell’s plans to offload its onshore oil operations but also highlighted the tangled web of legal challenges in the region.