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Shell’s landlords in Bonny line up $5bn land lease lawsuit in the UK over divestment

The divestment by Shell Petroleum Development Company (SPDC) may have been successful but lawsuits from their landlords in the oil read more Shell’s landlords in Bonny line up $5bn land lease lawsuit in the UK over divestment



Landlords in Bonny, Nigeria, led by the Dan-Jumbo House, are threatening a $5 billion lawsuit in the UK against Shell over its $2.4 billion divestment to Renaissance Africa Energy Holdings, alleging violation of a 1958 land lease agreement requiring landlord consent and demanding environmental remediation.

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