Agip must address ecological, health, economic concerns in Niger Delta, environmentalists insist
A coalition of civil society and environmental activists have insisted that Nigeria Agip Oil Company Limited must answer to concerns over ecological, health, economic and social impacts in the Niger Delta before selling its assets.
This came after the announcement, on September 4, that Oando PLC has concluded a deal with Eni to acquire 100 per cent of Agip’s shares. According to the report, the transaction is subject to the approval of applicable authorities and other regulatory clearances. It also said that the transaction comes a little over two years after Shell, Chevron, Total Energies and Exxon Mobil attempted to divest vital oil assets.
However, the coalition, in a communiqué signed by 10 Civil Society Organisations (CSOs), noted that although they recognise that firms have the right to dispose of their assets as they deem fit.
but expressed worry about the way in which the transaction is being carried out, as well as the immediate and long-term ramifications for communities and the cause of ecological justice.
Consequently, they recommended that the Federal Government should immediately place a moratorium on all oil company divestment (or sale of assets) in the Niger Delta, pending when some issues of community concern are ascertained.
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