July 23, 2012
By Sarah KentLONDON–The Nigerian National Assembly will make a decision on whether to impose a $5 billion fine on Royal Dutch Shell SA’s Nigerian subsidiary, Shell Nigeria Exploration and Production Company, when it returns from its summer recess in September, Mohammed Zakari, Chairman of the Media and Public Affairs Committee for the Nigerian National Assembly, told Dow Jones Newswires Monday.
Federal authorities last week recommended that Shell pay the hefty penalty for an incident on the offshore Bonga field last December that caused 40,000 barrels of crude to spill into the Gulf of Guinea.