Tag
DAN ETETE
The Italian Ministry of Justice has ordered an investigation of the conduct of two prosecutors in a corruption case involving oil and gas giants, Eni (ENI.MI) and Shell (RDSa.L) in Nigeria.
Nigeria's former Petroleum Minister has said that the sale of the $1.3 billion Malabu oil field to Shell and Eni in 2021 was legally perfect.
The company also announced that its upstream division had losses of $6.7 billion
Italian prosecutors claim that nearly $1.1 billion was stolen by Nigerian politicians.
Dan Etete is alleged to have paid a total of $57 million for the jet in 2011, which was part of the spending spree that the former petroleum minister was alleged to have embarked on after allegedly receiving $336 million from the OPL 245 deal.
JPMorgan, a US Bank has asked a London Court of Appeal to dismiss an $875 million lawsuit brought against it by the Nigerian Government.
The Nigerian Federal Government, yesterday, instituted legal action against the Royal Dutch Shell and ENI in a London commercial court.
The Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN has revealed that the United Kingdom...