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Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta (12722 Views)

Throwback: Victor Ndoma-Egba Receiving Buhari In Cross River 32yrs Ago / Aisha Buhari Presents N30 Million Cash Support To Chibok Girls’ Parents / Boko Haram Takes Over Five Borno Communites In Fresh Attack (2) (3) (4)

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Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by kellyJames5(m): 11:17pm On Jun 06, 2015
Better late than never.
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by landinfo: 11:17pm On Jun 06, 2015
Nonsence

1 Like

Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by OgeniBravo: 11:18pm On Jun 06, 2015
If you don't like President BuharI, maybe you are destined to live unhappy life for the rest of your life

2 Likes

Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by demandtruth: 11:19pm On Jun 06, 2015
This is a stupid judgement.

Is the sum equal year in year out?
Why not factor in the value of naira then and naira now.

Imagine, after 32years and you expected the same amount to
do what it could have done 32years after.

How much was Nigeria budget in 1983 self.
This is a slap in the face.

1 Like

Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by Nobody: 11:21pm On Jun 06, 2015
satelliteDISH:
Their is no hiding place for C.O.R.R.U.P.T.I.O.N in this administration.

Huh, wetin this one de talk, abi u sure say u read the news

It happened wen buhari was military president, as corruption fighter whey him de claim, him suppose force shell to pay the money sharp sharp in 1983...
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by nduchucks: 11:24pm On Jun 06, 2015
This story can't be true.

N30million to four communities is a slap in the face, one would have expected N3billion to each community for starters. embarassed

3 Likes

Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by Nobody: 11:24pm On Jun 06, 2015
Begonia:
I hope they won't file an appeal again undecided

Supreme court is the last bus stop... there is no higher court anymore.
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by hadura29(m): 11:24pm On Jun 06, 2015
nairadoo:


Slow justice cry cry cry

There money should have appreciated to about 50billion now... This is cheating...

1 Like

Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by Mystiqme: 11:27pm On Jun 06, 2015
atlwireles:
It has to be N30M in 1983 value. This judgement needs to clarified again. The payout should be about N14B in today's money.

Is this the case?I hope so, if not, then Shell has won again.
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by klevjey: 11:31pm On Jun 06, 2015
belamour:
And Some Tanoinds Keep Ranting They Haven't Seen Any Positive Changes In Dese New Government

must u type
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by atlwireles: 11:31pm On Jun 06, 2015
Mystiqme:


Is this the case?I hope so, if not, then Shell has won again.

It was N30M from the original court order, I expect their solicitors to ask for a clarification of this judgement asap.
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by cao(f): 11:31pm On Jun 06, 2015
Only 30 million naira?! WKOFIT?! This better be the original value from 32 years ago...at least inflation will be good for something.

1 Like

Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by Begonia(m): 11:32pm On Jun 06, 2015
teeowl:

Supreme court is the last bus stop... there is no higher court anymore.

Oh, thanks smiley
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by Lawcurrent(m): 11:47pm On Jun 06, 2015
angry you guys dont allow me become the first to comment. So therefore i will PMB to probe fast commenters on nairaland. shocked
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by chiedu7: 11:48pm On Jun 06, 2015
this is an insult N30 million is nothing
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by sosodevf(m): 11:51pm On Jun 06, 2015
Nice Move
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by omenka(m): 11:52pm On Jun 06, 2015
Not a single word from the Children of anger, prophets of doom, and zealots of saTAN on the entire first page. They find news like this uninteresting, but would w&nk till eternity over a useless thread like "Confusion as Buhari is yet to move into Aso Rock".

Their "brother" was there for donkey years and carried on like a donkey, whipped from left to right every single day by four women to take even the smallest of decisions. Drench himself in ogogoro during office hours and smile under his useless bowler hat like a circus clown having a lifetime performance.

With every single triumph, so shall they be perpetually silenced and put to shame under this Government God sent to rescue the country from damnation spearheaded by the brainless cockroach of Otuoke. cool

4 Likes

Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by legendprac(m): 11:58pm On Jun 06, 2015
just 30m? back pocket money for shell employees not to talk of shell as a company....

They didn't even make adjustments for inflation...
Maybe 32yrs ago, they should have paid 30m,but considering the time value of money, that should be worth hundreds of millions now....
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by Badgers14: 12:07am On Jun 07, 2015
The problems with Niger Delta is there leaders, they only care about there selfish interests. Check 'em all Edwin Clark, Dokubo, Tompolo e.t.c what have they done for there people They just collect there share and cut out. Don't be surprised that the leaders have collected plenty of bribe from this lawsuit that was why it was delayed this long.
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by Bigdreams(m): 12:12am On Jun 07, 2015
Justice at last for these people.

Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by Ekaka1(m): 12:15am On Jun 07, 2015
handsomeclouds:
Baba is already making waves in Nigeria for the past one week. Most institutions have felt his Godly touch, we d masses can feel their stuff after a very long period of hibernation. I just pray d touch finally get to d BH 'sector' of Nigeria
Yinmu !!!
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by temidayodamoye(m): 12:17am On Jun 07, 2015
I wonder if it's only in textbook dat time value of money is been used...and my engineering economics lecturer will be busy making noise in class undecided
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by NobleG1(m): 12:20am On Jun 07, 2015
The court awarded a paltry 30 million naira ($150.791) fine to Shell for decades of oil spill that damaged many communities!
Whereas the U.S. government hit BP with $42 billion (8.355 Trillion naira) fine for few months of oil spill!

Either Shell bribed these judges or the judges are st*upid!

1 Like

Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by atlwireles: 12:45am On Jun 07, 2015
Badgers14:
The problems with Niger Delta is there leaders, they only care about there selfish interests. Check 'em all Edwin Clark, Dokubo, Tompolo e.t.c what have they done for there people They just collect there share and cut out. Don't be surprised that the leaders have collected plenty of bribe from this lawsuit that was why it was delayed this long.


Some of you are beyond stupid in this country. Did your father or government start this case since 1983?

2 Likes

Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by Originalsly: 12:56am On Jun 07, 2015
The N30m judgement was in 1997. What was the value then in USD?...the court should have made the adjustment. Seems like Shell would not be responsible for the clean up.....guess generations would be affected by that all spill.
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by eliwa47(m): 1:02am On Jun 07, 2015
after 32years, shell paying #30m or $30m to four communities? am sure there must be a mixed up somewhere ni ooo
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by iamdjtune: 1:37am On Jun 07, 2015
after how many years? mtchew

Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by Badgers14: 1:50am On Jun 07, 2015
atlwireles:



Some of you are beyond stupid in this country. Did your father or government start this case since 1983?

If you know what the Niger Delta leaders have done for there people, why not state them here

But anyways na you get your mouth, you fit use am chop $hit angry
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by AreaFada2: 2:35am On Jun 07, 2015
demandtruth:
This is a stupid judgement.

Is the sum equal year in year out?
Why not factor in the value of naira then and naira now.

Imagine, after 32years and you expected the same amount to
do what it could have done 32years after.
How much was Nigeria budget in 1983 self.
This is a slap in the face.

My thought exactly. In many countries, the current equivalent of the old sum PLUS INTEREST would be calculated as the new sum for each community. Interest would be average of CBN rate for each year over the past 32 years. Simple.

The reason Shell didn't pay up was because 30m was a very huge sum then. And of course also to discourage other communities from instituting similar legal claims.

1 Like

Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by drnoel: 2:42am On Jun 07, 2015
Ping411:

- See more at: http://bizwatchnigeria.ng/oil-spill-after-32-years-shell-will-pay-n30-million-to-four-communites-in-delta-state/#sthash.tCi8so9G.dpuf

This is a shame. So after 32 years it's only 30 mil naira. What would that teach to do? Would it bring back the farms and fishes. Whoever says this was due to Buhari's presidency is a big fool.
Re: Oil Spill: After 32yrs, Shell Will Pay N30 Million To Four Communites In Delta by Nobody: 3:27am On Jun 07, 2015
JOKERS!!! undecided

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