The long-running case revolves around the 2011 purchase by Italian oil company Eni and Anglo-Dutch peer Royal Dutch Shell of Nigeria’s OPL 245 offshore oilfield for about $1.3 billion
According to a Reuters review of court filings on Monday, the nine executives, were accused by Italian prosecutors of paying bribes to secure the licence to explore a large offshore oilfield in 2011.
Allegations of missing money are often translated into naked truth, in this season, without due reflection, and regard for the facts of the case. This is so, in this instance, because of reports of corruption involving and surrounding the…
The Zabazaba Deep water Project is located in the contentious Oil Prospecting Licence 245
Dr. Jonathan has denied any wrongdoing
As long as Malabu complied with the terms of its agreement in respect of OPL 245 by paying the signature bonus of US$207,960,000 in addition to withdrawing her appeal against the FG at the Court of Appeal, it would be unconscionable and…
The plaintiff, through its lawyer, J.A. Achimugu, in a writ of summons marked FHC/ABJ/CS/201/2017, is praying the court for a declaration that its rights and interest in OPL 245 granted or re-allocated to it is still valid and subsisting
Shell and ENI want the the order of forfeiture granted the Economic and Financial Crimes Commission discharged in a case now before the court.
Court documents filed late last month in the city of Milan outline a case against 11 people, including senior executives from the two oil majors and the companies themselves
The nine-count charge was filed at the Federal High Court, Abuja