by Iyobosa Omoregie
The Bodo community in Ogoniland, Rivers state, will get £55 million (N16.6 billion) from Shell Petroleum Development Company.
On Tuesday, January 6, the company disclosed that it has reached an agreement to pay the Bodo Community in Ogoniland, the said sum, as compensation for damages caused by two oil spills in 2008.
In a statement by the oil company, a chunk of the money, about £35 million will, be paid to individuals who agree on the settlement terms, while £20 million will be used for the benefit of the general community.
The statement said: “We have reached a £55 million settlement agreement with the Bodo community in respect of the two highly regrettable operational spills in the area in 2008.”
“The £55 million settlement provides for an individual payment to each claimant who accepts the settlement agreement in compensation for losses arising from the spills, amounting to up to £35 million in total.”
“The remaining £20 million payment will be made for the benefit of the Bodo community generally.”
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