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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 

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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.