Mobil drags host communities to court
Mobil Producing
Nigeria (MPN) has dragged some members of its host communities to an
Eket High Court for failure to meet repayment obligations under a micro
credit scheme initiated in 2002.
Media investigation
revealed that N132 million was advanced to 50 cooperative societies and
19 individuals by Mobil in its area of operation.
The investigation also revealed that N92.6 million remained outstanding in the 73 loan applications approved.
The micro credit
scheme funded by Mobil was aimed at stimulating economic development in
agriculture-related fields like fishery, poultry, and animal husbandry.
The benefitting communities included Eket, Esit Eket, Ibeno, and Onna council areas in Akwa Ibom.
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