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First with the News

Oil Spillage: Court Awards N81.9bn Damages Against NNPC, Mobil

June 21, 2021
in Legal, Top Stories
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By Chioma Iruke

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The sum of N81.9billion, has been awarded by a Federal High Court sitting in Abuja as cumulative damages against oil giant, Mobil and its joint venture partner, the Nigerian National Petroleum Corporation (NNPC).

 

Justice Taiwo Taiwo, in a judgment on Monday ordered that the money must be paid within 14 days, after which eight percent interest will be accruable on the principal sum annually.

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