Environmental Damage caused by past oil spill in Nigeria. PHOTO/File
The Nigeria regulator says it wants Royal Dutch Shell PLC's local subsidiary to pay a US$5 billion fine for the worst offshore spill in the oil-rich nation in more than a decade.
Peter Idabor, head of the National Oil Spill Detection and Response Agency of Nigeria, said Tuesday he had made the recommendation to Nigerian lawmakers at a parliamentary hearing Monday.
He said the company accepts "equipment failure"
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