Shell, Chevron Nigeria Oil Spill Fines Not Backed by Law
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Fines amounting to $8 billion sought by Nigeria from Royal Dutch Shell Plc and Chevron Corp. for oil spills are not backed by law, said Bukola Saraki, chairman of the country’s Senate Committee on Environment.
“Under the existing law, there is no penalty for oil spills apart from just to clean it up,” Saraki, a senator representing the ruling People’s Democratic Party from central Kwara state, said in an interview in Abuja on Jan. 29. “You only pay 1 million naira ($6,362) for late reporting.”