Deji Elumoye in Abuja
The Senate has uncovered how former President Goodluck Jonathan, his deputy, Namadi Sambo, Independent National Electoral Commission (INEC), Nigerian Army, Federal Airports Authority of Nigeria (FAAN) and some Ministries, Departments and Agencies (MDAs) benefitted from alleged diversion of N665.8 billion Solid Minerals Development and Stabilisation Funds through the Accountant General of the Federation (AGF).
The upper legislative chamber has, therefore, ordered the AGF to ensure that the misappropriated funds in form of loans and Special allocations were recovered and paid back to the Special Funds Accounts within 60 days.
The Senate gave the marching order to the AGF after consideration and approval of the 2015 Auditor-General’s report presented at plenary by the Chairman of the Senate Committee on Public Accounts, Senator Mathew Urhoghide.
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Peter Uzoho
Despite two Supreme Court judgments, Shell Petroleum Development Company of Nigeria Limited (SPDC) has refused to pay the Ejama-Ebubu community in Tai Eleme Local Government Area of Rivers State, the sum of N182 billion in judgment debt awarded damages against the oil company in an oil spill dispute.
But the Royal Dutch oil giant has contested the valuation.
Shell advised the community not seek to enforce the award while the injunction was in place.
It added that its current valuation of the size of the debt is “overstated” and “remains in dispute” in other court proceedings.
The Royal Dutch company has been involved in a long-running legal battle with the Ejama-Ebubu community of Rivers State, which in 2010 successfully sued the company for millions of dollars in damages for polluting its land.
UPDATED: Court moves to seize First Bank’s assets over Shell’s multimillion naira debt
The knotty legal wrangle is a product of an oil spill incident, half a century old, reaching back to 1970.
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A High Court in Rivers State has moved to sequester the assets of the country’s premier lender FirstBank of Nigeria Limited in an effort to recover the damages oil major Royal Dutch Shell owed the Ejama Ebubu community of Rivers State in a legal contest spanning many decades, Bloomberg reported Thursday.
Police operatives and court officials arrived the bank’s main branch in Port Harcourt on Tuesday to execute an order to seize the lender’s asset.
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.