The Federal High Court, Abuja, on Friday, ordered the Federal Government to renew the operating licence of the Shell Petroleum Development Company (SPDC).
Justice Taiwo Taiwo, who delivered the judgment, said that though the company had applied for a term of 30-year period for the Oil Mining Lease (OML) 11, he could only grant a 20-year period in accordance with the Petroleum Act.
The News Agency of Nigeria (NAN) reports that Shell, which is the plaintiff in the case, had approached the court in a suit number:CS/524/19 to seek its intervention over the controversy surrounding the OML 11.
The Minister of Petroleum Resources, who is also President Muhammadu Buhari, is the 1st defendant while the 2nd defendant is the Minister of State for Petroleum Resources, Timipre Sylva.
SDPC had sought to compel the two ministers to renew OML 11, in addition to 14 other oil mining leases approved for it in June 30.
President Buhari had ordered the Nigerian…
Source: Thisday Newspaper