Category: EDITORIAL
US court to give back to Nigeria more than ₦5 billion in stolen assets
A US court in New Jersey has decided to allow the return of assets estimated to be worth $8.9 million that were purportedly taken in 2014 by Nigerian government officials to their home nation. The Attorney General of Jersey reportedly delivered a forfeiture notice to the Royal Court of Jersey in November, according to the…
Shell to Offload Nigeria Onshore Oil Business for $1.3 Billion
Shell Plc has reached an agreement to offload its Nigerian onshore oil business to a consortium of local companies, marking a significant milestone in the energy giant’s global operations. The transaction, valued at over $1.3 billion, represents a historic move for Shell. Pending government approval, the deal aligns with Shell’s strategic objective of disengaging from…