07 JUN

Contempt: Court Convicts First Bank Chairman, MD Over N122bn Ogoni Oil Spill Judgment Debt

A Federal High Court in Lagos Wednesday convicted the Chairman of First Bank of Nigeria Limited, Ibukun Awosika, and Managing Director, Dr. Adesola Adeduntan, as well as the bank for contempt.

They were accused of refusing to obey the order of the court, which had ordered them to pay an Ogoni community in Rivers State the sum of N122 billion bond guaranteed by the bank on behalf of Shell Petroleum Development Company Limited (SPDC).

The N122 billion bond is in respect of the judgment debt against SPDC in an oil spill suit instituted by Ejama community in Ogoniland, Rivers State.

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Post Author: OgoniNews

HURAC is a club instituted by the Movement For the Survival of the Ogoni People, which is open to all secondary schools within and outside Ogoni and also to all intending members. It`s currently operating in Riv-Poly secondary school, its division HQTRS, and also in CSS Bori, ACGS Bori, BMGS Bori and some Portharcourt schools. It has Kate, Wisdom Deebeke as its pioneer Senior Chief Co-ordinator. It was inaugurated in Riv-Poly by the INTELLECTUAL ELITE BATCH, with Tuaka Jeremiah as the appointed Chairman as at then. It aims at educating members and the public on their fundamental human rights, human rights advocacy, human rights abuses and campaign, etc. To learn more about HURAC, please go to http://huraclub.org/.

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