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Bank Assets Targeted Over Shell’s $479 Million Nigerian Debt

First Bank says intervention was unlawful and unjustified
Community wants to sell bank properties to satisfy Shell debt

relates to Bank Assets Targeted Over Shell’s $479 Million Nigerian Debt — Photographer: Sunday Alamba/AP Photo

By

William Clowes and

January 14, 2021, 9:26 AM UTCUpdated onJanuary 15, 2021, 11:49 AM UTC

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Nigerian authorities moved to seize assets belonging to one of the nation’s largest banks to recoup damages owed by Royal Dutch Shell Plc to a local community over a decades-long dispute.