IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Emerging Issues in Compensation Valuation for Oil Spillage in the Niger Delta Area of Nigeria

Listed author(s):
  • Gabriel Kayode Babawale


    (University of Lagos)

Registered author(s):

    Oil spillage often impacts substantial land area with grave consequences on the vegetation, economic crops/trees, aquatic life, and the entire eco-system. The impact of oil spills is often widespread and could persists for several years with attendant adverse repercussions on both the health and means of livelihood of people living within the impacted area. For this and other reasons, claims arising from oil spillage often run into billions of naira (N) [1US$=N165]. Given the magnitude of the consequential loss and claim, the onus is on the claimant to produce credible evidence to prove that he actually suffered the nature and extent of the injury alleged. This paper reviewed certain fundamental errors that have become commonplace among Nigerian valuers in the discharge of their role of assisting the court to arrive at a just compensation payable for oil spillage in the Niger Delta area of Nigeria. The data used were obtained from valuation reports which the author was privileged to critique as a consultant to a major oil exploration and marketing company in Nigeria. it was found that most of the valuation reports contained flagrant errors and fell short of best practices because less than the required effort is devoted to prosecuting this somewhat complex and highly technical valuation; and more specifically, little attention is paid to the provisions of relevant laws and the standards prescribed by valuation regulatory bodies, which are usually the basis for all statutory valuations

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by Lifescience Global in its journal Journal of Reviews on Global Economics.

    Volume (Year): 2 (2013)
    Issue (Month): ()
    Pages: 31-45

    in new window

    Handle: RePEc:lif:jrgelg:v:2:y:2013:p:31-45
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:lif:jrgelg:v:2:y:2013:p:31-45. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Faisal Ameer Khan)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.