Oil Spill: Court Convicts Bank, Officials for Contempt

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Court Symbol

Oil Spill: Court Convicts Bank, Officials for Contempt

The Federal High Court in Lagos on Wednesday convicted First Bank of Nigeria Limited, its chairman, Mrs. Ibukun Awosika and Managing Director, Dr. Adesola Adeduntan, for contempt of court.

It dismissed their preliminary objection to a contempt charge filed against them by the Ejama-Ebubu community in Eleme Local Government Area of Rivers State.

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Court Symbol

The conviction was due to the bank’s alleged refusal to release N17billion and interests, said to be worth N122billion, which it allegedly guaranteed to pay the community on behalf of Shell Petroleum Development Company of Nigeria Limited (SPDC).

The bond is in respect of the judgment debt against SPDC in an oil spill suit filed by the community.

Justice Ibrahim Buba, however, suspended the sentencing for three months to enable the contemnors purge themselves of the contempt.

The judge said if the convicts failed to purge themselves of the contempt by September 6, they would be sent to prison.

10 indigenes of Ejama Community in Ogoniland had sued Royal Dutch Shell Plc, Netherlands, Royal Dutch Shell Plc, United Kingdom, and SPDC at the Federal High Court in Port Harcourt over alleged oil spills that occurred when Shell operated in the community.

Justice Buba, who heard the case while sitting in Port Harcourt, awarded N17 billion to the community’s representatives in 2010, as well as 25 per cent interest on the principal sum, among other reliefs.

Shell appealed the judgment and applied for a stay of execution pending the appeal.

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