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‘Shell JV, SNEPCo have paid $2b to NDDC’- Samuel Adesanya

‘Shell JV, SNEPCo have paid $2b to NDDC’- Samuel Adesanya

Breaking News, News Feature
The Media Relations Manager, Shell Nigeria, Bamidele Odugbesan, stated this while reacting to the allegation that the oil giant was among the 50 oil firms that owe the NDDC. The Principal Partner, Paris Trust Limited, Timothy Bagwams, who said his firm was authorised by the NDDC to serve letters to the defaulting oil companies that owe the Commission, noted that Shell was among the defaulters.Oil companies in Nigeria statutorily are mandated to pay three per cent of their annual budget to the Commission. However, Bagwams stated that the Nigeria National Petroleum Corporation (NNPC), National Liquefied Natural Gas (NLNG), Chevron, Shell, Agip, Pan Ocean oil, Petrobras, Seplat, Moni Pulo Petroleum Development, South Atlantic Petroleum and Slumberger, among others, owe the commission. ...