LAGOS NOVEMBER 11TH (NEWSRANGERS)-An appeals court in Milan on Friday rejected Nigeria’s $1.092 billion compensation request against Italian energy group Eni and Shell in civil proceedings relating to a $1.3 billion oilfield deal. The decision was read out in court. In July, prosecutors had dropped related criminal proceedings, clearing Eni and Shell, as well as…
LAGOS NOVEMBER 29TH (NEWSRANGERS)- – Gunmen have killed four men who were involved in the maintenance on a pipeline owned by the Nigerian subsidiary of Italian oil giant Eni, a local security spokesman told Reuters. The men, two workers, a driver and a security operative, died at a facility in Nembe, Bayelsa state, which feeds…
LAGOS AUGUST 2ND (URHOBOTODAY)-Anti-corruption groups HEDA, Re:Common and Corner House have welcomed the appeals lodged by the Milan Prosecutor and the Federal Republic of Nigeria against the acquittal of Shell, Eni and 13 other defendants for alleged corruption in the acquisition of the giant OPL 245 oil field in Nigeria. The defendants, who all denied…
LAGOS MARCH 29TH (NEWSRANGERS)-The partial freedom granted oil giants by Italian courts in the celebrated OPL 245 corruption case will not stop the prosecution of the accused in Nigeria, a foremost global anti-corruption coalition has said. In a letter addressed to President Muhammad Buhari, the world acclaimed anti-corruption coalition said Nigeria should press on with…
LAGOS MARCH 18TH (NEWSRANGERS)-A Milan court acquitted energy company Eni, its chief executive and Royal Dutch Shell on Wednesday in the oil industry’s biggest corruption case revolving around the $1.3 billion acquisition of a Nigerian oilfield a decade ago. The sentence, read out in court by judge Marco Tremolada, came more than three years after…
LAGOS FEBRUARY 3RD (NEWSRANGERS)-The nternational corruption case against Eni, Shell and some officials of the companies resumed in Milan Court today. Public prosecutors responded to conclusions by defense lawyers from previous hearings. The trial is about to come to an end and a court judgment is expected on March 17, 2021. Despite opposition by the…
LAGOS MAY 23RD (NEWSRANGERS)-A UK court has ruled that Nigeria’s $1 billion suit against Royal Dutch Shell and Eni, oil giants, cannot go on because it does not have jurisdiction over the case. Justice Christopher Butcher gave the ruling at a virtual hearing on Friday, setting back the long standing trial on the Malabu oil…
LAGOS OCTOBER 9TH (NEWSRANGERS)-An $875 million (716.7 million pounds) Nigerian government lawsuit against U.S. bank JPMorgan is clear to move forward after a London-based appeals court on Tuesday rejected the bank’s bid to have the case dismissed. The bank had asked the court to quash the Nigerian government’s case, arguing that it had no prospect…