Eni, Shell knew of ‘sharks’ in Nigeria graft case – judge
18 Dec 2018

An Italian judge said on Monday oil majors Eni (ENI.MI) and Royal Dutch Shell (RDSa.L) were fully aware their 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials.

Italy’s Eni and Shell bought the OPL 245 offshore field for about $1.3 billion (1.03 billion pounds) in a deal that spawned one of the industry’s largest corruption scandals. It is alleged that about $1.1 billion of the total was siphoned to agents and middlemen.

The Milan judge made the comment in her written reasons for the September conviction of Nigerian Emeka Obi and Italian Gianluca Di Nardo, both middlemen in the OPL 245 deal, for corruption. The pair were jailed for four years.

– By Emilio Parodi, Reuters, 18 December 2018.

Link to Reuters.

Count reading this article to your CPD minutes, by signing up to our CPD Wallet

FREE CPD Wallet
No Responses to “Eni, Shell knew of ‘sharks’ in Nigeria graft case – judge”

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.