CPOY

CPOY 70 International Picture Story Award of Excellence: Slippery Money

In January 2015 the Nigerian fishing village of Bodo, in the Niger Delta, won a landmark settlement from Royal Dutch Shell as compensation for twin oil spills in 2008 and 2009. The spills devastated the local fishing economy and put thousands of people out of work. Under the terms of the $84 million USD settlement, half of the money was split between 15,000 plaintiffs, who were awarded the equivalent of about six years' income each. The other half was put into a trust fund for community development, and Shell promised to finally clean up the spill. Had Shell not settled, the company faced the embarrassing spectacle of a trial in a British Court, the first time a case like this has been accepted outside of Nigeria. But the money has caused as much harm as it has good. Some people started new businesses. Others wasted everything. Many families used their money to begin construction on houses they couldn't afford to finish. Thanks to Nigeria's endemic corruption, many people in Bodo fear the money will be stolen by local chiefs and lawyers. The community is divided over what to do.

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