Shell suspends sale of Nigerian onshore oil assets | The Guardian Nigeria News - Nigeria and World News

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Shell Petroleum Development Company of Nigeria Ltd (SPDC), yesterday, said it had suspended plans to sell its onshore oil assets in Nigeria, in compliance with a Supreme Court ruling

• Establish more depots, regulate private owners, Reps asks NNPC, which said it had to wait for the outcome of an appeal over a 2019 oil spill.

In a separate statement, the London-based company said: “Shell welcomes the Nigerian Supreme Court’s decision to hear the appeal of Shell Petroleum Development Company of Nigeria Ltd in this case. Until the outcome of SPDC’s appeal, Shell will not progress the divestment of its interest in SPDC.” The management of NMDPRA had, on Wednesday, July 29, 2022, declared it paid N74 billion to IPMAN in the past seven months.

He challenged the management of NMDPRA to come up with the names of all the marketers paid, adding: “I’m surprised to hear the story on payment of the N74 billion claims by the chief executive of the agency, Faruk Ahmed Maishanu. Either he was misinformed or he does not know what is happening in the place.

It noted that if more fuel depots were established, fuel scarcity would be curbed, while more employment opportunities would be created, thus improving the country’s economy.

 

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