Nigeria: Court Asked to Nationalise Shell Petroleum

Patriotic Youth Organizations have asked the Federal High Court sitting in Abuja to compel the Federal Government of Nigeria to nationalize and take over the assets and investments of Shell Petroleum Development Company Limited and all her sister companies.

The group in a suit number FHC/ABJ/CS/252/2021 urged the court to order the federal government to nationalise Shell asset and investment.

In the Originating Summons filed by the group the youths accused Shell of being behind the depreciation of the Naira as their activities are responsible for the dwindling foreign revenue of the Federal Government as oil is the main source of income for the Federal Government.

They also alleged that insecurity could have been better tackled if the Government had more resources and that President Buhari would have completed most of his legacy projects if Shell had not wrongfully diverted and unlawfully converted crude oil pumped into the Bonny Oil Terminal.

The youths also commended the Director of DPR, Mr. Sarki Auwalu for insisting that the right thing be done and ensuring that President Buhari change agenda is carried out to the latter.

More From: Leadership

Don't Miss

AllAfrica publishes around 900 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.