The Rivers state government says it has acquired the 45% stake in oil mining license (OML) 11 situated in Eleme local government area, Ogoni and in other communities in the state.
Nyesom Wike, governor of the state, announced this in a broadcast aired in the state on Monday.
Wike explained that the acquisition was made on court judgements in cases filed before courts in Nigeria and the United Kingdom for enforcement.
“I am delighted to inform you that the Rivers State Government has fully acquired Shell Petroleum Development Company of Nigeria (SPDC) 45% interest in Oil Mining Lease (OML) 11 situated in Ejama-Ebubu community in Eleme Local Government Area and the adjoining Ogoni and other communities of Rivers State,” the governor said.
“This fresh case commenced in 2001 passed through four different justices of that Court arising from twists and turns associated with opposed litigations, until it was disposed of about 10 years after in June 2010 by Buba J. (the fifth judge to preside over the matter).”
The oil license has been under contention with President Muhammadu Buhari directing the Nigerian National Petroleum Corporation (NNPC) to take over ownership of OML 11.
The government said the decision not to renew Shell’s operating license is in the interest of the nation’s security.