Business A.M
No Result
View All Result
Monday, March 2, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Energy

IOCs legal albatross dies with Shell’s N45.9bn Ogoni spill payment incomplete

by Admin
January 21, 2026
in Energy, Frontpage, WORLD BUSINESS & ECONOMY

BY: Maduabuchi Efegadi

The death last week of Nigeria’s maverick environmental lawyer, Lucius Nwosu, whose prototypical compensation payment of N45.9 billion legal victory for Ogoni community over Shell Petroleum Development Company is yet unfulfilled by the international oil company (IOC), may weaken Nigerian oil communities’ legal grit to secure payment awards.

Nwosu, who hailed from Ezinihitte Mbaise, Imo State, passed on last week aged 69. The $110 million payment, which was his latest legal spill compensation victory against Shell was to end a 30-year tussle by Ogoni community against the oil giant’s more than half-a-century oil activities in the area.

Described widely as a “billionaire environmental lawyer,” Nwosu, in his 40 years of legal practice, literally feasted on Shell and other IOCs’ half-a-century of oil spill environmental pollution malpractices against oil communities in the Niger Delta region.

Each of the IOCs operating in Nigeria, whose oil production activities engendered environmental pollution on communities had a hard time with the late Lucius Nwosu. He serially secured payment victories against each of them, helping spill impacted oil-bearing host communities to smile home with huge judgement compensation sums running into hundreds of millions, and lately in billions of naira. Though, these spill compensation awards came after many decades of tortuous legal battle.

His death, which was announced on 5 April by the family, came as a rude shock to many oil host communities, who had used his legal prowess over four decades as the right weapon to procure redress against the IOCs oil production negativities.

Samplers of Nwosu’s string of compensation payments include: Grand Bonny Island, host community to SPDC, with the latter coughing out N523 million as judgement award sum; Odi people’s N37.6 billion against the Nigerian federal government; N81.9 billion for some communities, including Eket in Akwa Ibom State against NNPC and Mobil Nigeria Unlimited. Then came the Eleme Community suit with N45.9 billion awarded by the Supreme Court against Shell Petroleum Development Company.

In his over 40-years of legal practice, the oil & gas lawyer displayed uncanny success in litigation. In 2021, the Supreme Court of Nigeria awarded to him as counsel N30 million against two senior advocates of Nigeria (SANs) and Body of Benchers (BoB) for bringing a frivolous court process before the apex court.

On 17 February this year, Nwosu instituted a legal matter against Olusegun Awonuga, Wole Olanipekun, a SAN, and the Body of Benchers. As claimant, he wrote to Nigerian Bar Association entitled “Notification of Pendency of Litigation of Extreme Bar Significance,” where he had wondered why Wole Olanipekun refused to comply with ruling by the Supreme Court which fined him cumulative N30 million as a result of bringing before the apex court a frivolous application in the case which Amina Adamu Augie JSC read the lead judgement stating: “As it is, I cannot believe, and I say this with tears in my eyes, I cannot believe that in my lifetime, I would see very senior members of the Bar bring applications of this nature to this Court, which are aimed at desecrating the sanctity of this Court; violating the well-known principle that the decisions of this court are final; destroying the esteem, with which this court is held”.

Until his death, the legal payment award had not been paid. Neither had the completion of the Shell N45.9 billion to Ogoni community.

Admin
Admin
Previous Post

Global renewable power capacity rises 9.1% to 3,064 gigawatt in 2021

Next Post

Equity analysts call for underweight stocks in Q2 as investors begin portfolio rotation

Next Post

Equity analysts call for underweight stocks in Q2 as investors begin portfolio rotation

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

US leads digital adoption, but Europe, Asia sets the benchmark for user experience

Africa’s digital infrastructure gap widens in $3trn data-centre race 

March 2, 2026
Global spending on AI customer-experience agents to hit $6.6bn by 2027- Report

Global spending on AI customer-experience agents to hit $6.6bn by 2027- Report

March 2, 2026
Digital convenience drives Nigeria’s food delivery market to $2.27bn outlook 

Digital convenience drives Nigeria’s food delivery market to $2.27bn outlook 

March 2, 2026
Fresh $750m World Bank package tests Nigeria’s fiscal discipline

World Bank taps insurers for $6bn emerging markets credit push

March 2, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

US leads digital adoption, but Europe, Asia sets the benchmark for user experience

Africa’s digital infrastructure gap widens in $3trn data-centre race 

March 2, 2026
Global spending on AI customer-experience agents to hit $6.6bn by 2027- Report

Global spending on AI customer-experience agents to hit $6.6bn by 2027- Report

March 2, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M