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Sep
10
2020
By The African Mirror
Nigeria asks for $1.1 bln advance from Eni, Shell for damages in graft case

Nigeria asks for $1.1 bln advance from Eni, Shell for damages in graft case

BUSINESS
Nigeria asked a Milan court on Wednesday to order Eni and Royal Dutch Shell to pay $1.092 billion as an immediate advance payment for damages it is claiming in one of the oil industry's biggest-ever corruption trials. At a hearing into alleged corruption linked to Eni and Shell's 2011 acquisition of the OPL 245 field, Lucio Lucia, lawyer for the Nigerian government, called for a guilty verdict and an advance payment, ahead of any broader damages package set by a court at a later date. Lucia did not specify how much Nigeria was seeking in damages overall but said the…
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Jul
22
2020
By The African Mirror
Italy prosecutors seek jail for Eni, Shell executives in Nigeria

Italy prosecutors seek jail for Eni, Shell executives in Nigeria

NEWS
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 and Shell acquired a Nigerian oilfield in 2011, knowing most of the $1.3 billion purchase price would go to politicians and middlemen in bribes. In a Milan court, prosecutors asked for eight years in prison for Descalzi and seven years and four months for Shell's former head of upstream…
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