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Nairaland Forum / Nairaland / General / Politics / $1.1bn Malabu Scandal: Italian Prosecutors Request Trial Of Etete, Shell, Eni, O (5968 Views)
$1.1bn Malabu Deal: Crisis Brews Over Reps Invitation To Jonathan / $1.1bn Malabu Scam: Adoke, Others Face Extradition / Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors (2) (3) (4)
Re: $1.1bn Malabu Scandal: Italian Prosecutors Request Trial Of Etete, Shell, Eni, O by tito34bola: 9:40am On Feb 10, 2017 |
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Re: $1.1bn Malabu Scandal: Italian Prosecutors Request Trial Of Etete, Shell, Eni, O by frankwyte: 10:39am On Feb 10, 2017 |
Where are your source lets do a follow-up. Don't just come to the blog and make a goose chase! |
Re: $1.1bn Malabu Scandal: Italian Prosecutors Request Trial Of Etete, Shell, Eni, O by BabaAduras: 2:20pm On Feb 10, 2017 |
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Re: $1.1bn Malabu Scandal: Italian Prosecutors Request Trial Of Etete, Shell, Eni, O by Horus(m): 6:51pm On Mar 07, 2017 |
https://www.youtube.com/watch?v=79vYy6ky22E Shell, ENI and Nigerian officials implicated in oil field graft A joint investigation by UK journalists and a non-profit organisation has unearthed a major scandal involving the sale of the country's largest oil block licence. The OPL 245 oil field -- located on the southern edge of the Niger Delta -- holds an estimated 10 B barrels of crude. Its licence was awarded in 1998 to Malabu Oil and Gas and later sold to Shell and its venture partner Italian giant ENI for $1.3 B. Journalists from the Observer and Finance Uncovered have now discloses that previous government officials benefitted from the sale of the license. The spoils were wired through forex bureaus and two payments of $400 M through JP Morgan in London. Nigeria's anti-graft agency, the EFCC, has filed fresh corruption charges against Shell and ENI for their roles in the scandal. The block is currently owned by the Nigerian government after a temporary court order approved the EFCC's application. Shell and ENI have appealed the order, asking that the field be returned to them. |
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