A Nigerian court has set a hearing over a disputed 2011 oilfield deal for June 18, the country’s financial crimes watchdog said Feb. 15, part of a string of international corruption probes into the purchase.
The case relates to a purchase of the offshore OPL 245 oil field in Nigeria by oil majors Royal Dutch Shell and Eni in 2011. At the core of the case is a $1.3 billion payment from Shell and Eni to secure the block from Malabu Oil and Gas, allegedly controlled by former Nigerian oil minister Dan Etete.
Nigeria’s government has also filed a claim in Britain against JPMorgan Chase over its alleged involvement in the deal.
Nigeria’s financial watchdog, the Economic and Financial Crimes Commission (EFCC), said in its Feb. 15 statement that the defendants are accused of being part of a scheme to defraud the government of 1.1 billion naira (US$2.8 million).
The Nigerian court case is now awaiting the arraignment of the defendants, including former attorney general, ex-ministers of justice and oil and various senior managers, current and former, from Shell and Eni, the EFCC said.
Both Eni and Shell have repeatedly denied any wrongdoing in relation to the deal, which is also being investigated in Italy and the Netherlands, where Eni and Shell are respectively based.
The Nigerian court case has been repeatedly delayed as defendants have failed to appear for hearings.
The government "is still working hard to ensure the presence of the defendants in court" but requested the adjournment as it tries to secure the extradition from overseas of some of those charged, the EFCC said.
Recommended Reading
LongPath Technologies Secures DOE Loan to Expand Emissions Monitoring Network
2024-10-23 - LongPath aims to construct and install more than 1,000 remote monitoring towers across oil and gas basins including the Permian, Denver-Julesburg and Anadarko.
California Resources’ Carbon TerraVault Sees CCS Momentum
2024-11-07 - California Resources expects to receive a Class VI permit from the U.S. Environmental Protection Agency in December, the company’s CEO says.
‘Hydrogen is Happening’: Chevron Pushes Ahead Despite Industry Doubts
2024-11-06 - Facing a myriad of challenges that include policy uncertainty and costs, companies such as Chevron are moving forward with projects and partners to make progress.
Treasury’s New Hydrogen Tax Credit Regs Open Door to NatGas Producers
2025-01-05 - The U.S. Treasury Department’s long awaited 45V hydrogen tax credit will enable “pathways for hydrogen produced using both electricity and methane” as well as nuclear, the department said Jan. 3.
‘Winning Formula’: BKV’s CCS, Power Businesses Gain Momentum
2024-11-13 - BKV is counting on a ‘winning formula’ of natural gas and carbon capture and storage to service the growing power needs of data centers.