Eni Accuses Nigeria and US Litigation Funder of ‘Opaque’ Deal

by globalsentinelnews1 - October 14, 2020October 14, 20200

By William Clowes and Alberto Brambilla Italian oil company wants documents from Drumcliffe PartnersEni, Shell are on trial in Milan; Nigeria seeks $1.1 billion Eni SpA is seeking documents from a U.S. investment firm helping Nigeria sue it and Royal Dutch Shell Plc for more than $1 billion over an energy deal at the center of

Malabu Oil Deal: Italian Prosecutors Seek Jail for Eni, Shell Executives

by globalsentinelnews1 - July 22, 2020July 22, 20200

Italian prosecutors have asked for oil majors Eni and Shell to be fined and some of their present and former executives, including Eni CEO Claudio Descalzi, to be jailed in a long-running trial over alleged corruption in Nigeria. In one of the oil industry’s biggest alleged scandals, Italian prosecutors allege Eni

Malabu Oil Deal: Eni, Shell Aware of Bribes in Nigeria Case–Italian Prosecutor

by globalsentinelnews1 - July 3, 2020July 3, 20200

Oil majors Eni and Royal Dutch Shell were aware that most of the money they spent to buy a Nigerian oilfield in 2011 would go in corrupt payments to politicians and officials, an Italian prosecutor said on Thursday. “They were kickbacks. And Eni and Shell knew it,” Sergio Spadaro told judges

Malabu Oil Scandal: Nigeria Suffers Setback as UK Court Throws Out Case against Shell, Eni

by globalsentinelnews1 - May 22, 2020May 22, 20200

Summary •Nigeria has lost over $6 billion to the controversial deepwater block OPL 245 deal, popularly known as the Malabu oil and gas scandal •Judge says English court has no jurisdiction •Main OPL 245 trial in Milan against Shell, Eni continues •Proceedings in related case of Nigeria vs JP Morgan continues Jude Johnson

Int’l expert faults Shell, ENI on OPL 245 oil block valuation

by globalsentinelnews1 - April 5, 2019April 5, 20191

Jude Johnson Oil giants, Shell and ENI suffered another setback today in Milan, Italy as a renown international expert, Mr. Stephen Rogers, from the esteemed Athur D Little firm in the United Kingdom, UK, faulted the evaluation of the OPL 245 block which is currently being probed by an international

Nigeria Sues Shell, Eni for $1.1bn over malabu oil deal

News

by admin - December 13, 20180

The Federal Government of Nigeria has filed a $1.1 billion suit against Royal Dutch Shell Plc, Eni SpA and other companies over a 2011 oil deal it says was tainted by corruption. The suit, filed Wednesday in London, alleges that money the companies paid to acquire an oil exploration license in the

Shell, Eni trial over Nigeria kickbacks postponed

Military/Defence

by Oluwatosin - March 5, 2018March 5, 20180

A trial for oil giants Eni and Shell over bribery and corruption allegations in the purchase of an offshore oilfield in Nigeria was delayed for two months on Monday. The trial had been set to start in a Milan court, but the judge said that, due to a high number of

Two oil giants could face trial in Italy over Nigerian deal

Courts 'N' Cases

by globalsentinelnews1 - April 20, 20170

This Thursday a Milan court is to decide whether to go ahead with criminal proceedings against the oil giant Shell and its Italian partner ENI in connection with the purchase of the rights to a Nigerian oil field. "Etete can smell the money. If, at 70 years old, he does turn