• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      Stringent regulations, business environment forced Stanbic IBTC out of BDC business

      22 hrs

      Finance

      Cautious equities trading see gains in Flour Mills, Mobil, Wapco push market cap to ₦21.09trn

      23 hrs

      Finance

      CBN issues guidelines for QR codes operation in Nigeria

      23 hrs

      Finance

      Global Equities: Positive sentiment buoys global markets’ performance on vaccine rollout, Biden confirmation

      January 13, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Frontpage

      Moody’s sees negative 2021 outlook for sub-Saharan Africa, with severe economic challenges

      23 hrs

      Commodities

      Metals make sluggish gains on LME, SHFE, as investors anticipate US stimulus

      23 hrs

      WORLD BUSINESS & ECONOMY

      Smart home market profits to reach $176bn in 2025, rising by 127%  

      23 hrs

      Technology

      Zoom to float $1.5bn in fresh capital issue, approaches SEC

      23 hrs

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Frontpage

      NNPC moves to rehabilitate downstream infrastructure, openscontract bids

      23 hrs

      Companies

      Ardova enters acquisition talks with Enyo as part of expansion drive  

      23 hrs

      Oil and Gas

      NNPC reaffirms commitment to OPEC+ agreement   

      23 hrs

      Imo

      FIRST E&P faces CSR headwinds in Bayelsacommunities, ahead OMLs 83, 85 production start

      23 hrs

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      Data privacy maturity model in organisations

      January 11, 2021

      Analyst Insight

      Stocks set for more record highs

      January 11, 2021

      Analyst Insight

      2021: Time for Nigeria to move into higher gear?

      January 11, 2021

      Analyst Insight

      The trouble with commissions

      January 5, 2021

Frontpage

Shell accused of insincerity in MoU implementation by Nigeria’s sub-national Rivers State governor

Ben Eguzozie
Ben Eguzozie is business a.m. regional lead based in Port Harcourt, providing regional and national  coverage for economy, business and finance
You can contact him on ben.eguzozie@businessamlive.com with stories and commentary.

May 8, 2019441 views0 comments

…as Netherlands shows interest in Ogoni clean-up
The governor of Nigeria’s sub-national government of Rivers State, Nyesom Wike, has accused Royal Anglo-Dutch oil giant, Shell Petroleum Development Company (SPDC) of insincerity in implementation of memorandum of understanding (MoU), entered with its host communities, a key reason the oil company faces strong agitations in its operational areas.
“Shell doesn‘t want to implement memorandum of understanding signed with communities. Shell divides communities to make sure that the people don’t work together,” said Wike while receiving visiting Chargé d’Affaires, Embassy of the Netherlands in Nigeria, Marian Van De Cappello.
Since 1993, Shell has been in acrimonious battle with Ogoni land, a vast area where the company was the operator of oil mining licence (OML) 11, which has some 33 oilfields with capacity of 28,000 barrels per day.
Governor Wike, while telling the visiting Netherlands Chargé d’Affaires in Port Harcourt, lashed at Shell as “part of the major culprits” of insecurity in the oil-rich Niger Delta region.
“I sat in a meeting with Shell, Agip and Total.  It was Shell only that refused to implement the Memorandum of Understanding. Despite the actions of Shell, we shall continue to protect national assets, the Rivers governor said.
Meanwhile, the Netherlands diplomat said she was in the state to participate in the clean-up of Ogoni, a $1 billion project of which the current Nigerian government has shown extreme lethargy in outright implementation.
Wike said the Federal Government has not shown seriousness and commitment to the project.  He said that they are only interested in the political gain of the project.

Read Also:

  • Rivers receives N78.9bn refund from FG as Wike plans more projects with funds
  • Of international counterterrorism assistance to Nigeria
  • CBN issues guidelines for QR codes operation in Nigeria
  • 2021: Time for Nigeria to move into higher gear?
  • Nigeria’s railway e-ticketing platform launch set for next week
Share on Facebook Tweet Email
PreviousOil jumps 1 percent after surprise fall in U.S. crude inventories
NextFacebook chooses London as base to develop WhatsApp’s mobile payments service

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Nigeria’s railway e-ticketing platform launch set for next week
  • Stringent regulations, business environment forced Stanbic IBTC out of BDC business
  • Copper faces downturn in H2 of 2021, analysts predict
  • NNPC moves to rehabilitate downstream infrastructure, openscontract bids
  • Moody’s sees negative 2021 outlook for sub-Saharan Africa, with severe economic challenges

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

Nigeria’s NiMet could make billions in revenues from weather services to maritime sector

Frontpage March 24, 2018

1
2

AU leaders endorse Dangote, Aig-Imouhkuede championed Africa Business Coalition for Health

Frontpage February 13, 2019

3

CBN warns public against fraudulent loan offers, investment schemes

Banking October 9, 2020

4

Nigeria’s economic strategy to mitigate debt service risk, says finance minister

Frontpage November 3, 2017

5

Banks play safe as loan books contract amid high T-bill yields

Frontpage April 22, 2019

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.