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Bank assets targeted over Shell’s $479m Nigerian debt

Bank assets targeted over Shell’s $479m Nigerian debt

15 JAN 2021

Nigerian authorities moved to seize assets belonging to one of the nation’s largest banks to recoup damages owed by Royal Dutch Shell Plc to a local community over a decades-long dispute.

Nigerian authorities moved to seize assets belonging to one of the nations largest banks to recoup damages owed by Royal Dutch Shell Plc to a local community over a decades-long dispute.

Federal court officials and police visited First Bank of Nigeria Ltd’s main branch in the southern oil hub of Port Harcourt on Jan. 12 to enforce an order …

FULL ARTICLE (PAYWALL)

 

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