Shell, Eni To Face Trial over $1.1bn Malabu Bribe

Cat:

Related stories

Akwa-Ibom Commissioner Defies Gov Umo Eno, Resigns, Says I Can’t Join Gov In APC

By Kolawole Ojebisi The commissioner for special duties and Ibom...

Trump Vs Musk: JD Vance Declares Support For US President Amid Online Row

By Kolawole Ojebisi US Vice President J.D. Vance has weighed...

Exclusive: Inside Details Of Sanwo-Olu’s Alleged Strained Ties With Tinubu

How Lagos Gov's Attendance of Achimugu’s 50th Birthday...

Revealed! The most beautiful city in Africa

Europe is home to several famous mega-cities, from London...

Elon Musk’s Fortune Plummets By $34 Billion As Feud with Trump Escalates

By Abiola Olawale Tech billionaire and founder of Tesla, Elon...

Royal Dutch Shell Plc and Eni SpA senior executives will face trial for alleged  $1.1 billion bribery in Nigeria, an Italian judge ruled yesterday.

The trial will start on March 5 in Milan, Justice Giusy Barbara ruled.

The long-awaited decision, initially expected several months ago, will not only affect the two companies but 11 individuals, including Eni CEO Claudio Descalzi.

The case is related to the acquisition of a deepwater oil-prospecting licence by Eni and Shell in the Gulf of Guinea in 2011. Prosecutors allege that the two companies’ payment of almost $1.1 billion into a Nigerian government escrow account was later distributed as payoffs.

While energy producers have come under scrutiny for bribery and corruption in the past, a trial centered around the sitting CEO of an oil major is rare.

“This is really quite a big precedent-setting case,” said Barnaby Pace, a campaigner at watchdog Global Witness, which first shone a light on the alleged transactions. “It’s unusual to see oil majors at the sharp end of the stick in this way,” Pace said before the decision was announced.

Shell said that it is “disappointed” by the judge’s decision. “We believe the trial judges will conclude that there is no case against Shell or its former employees,” said Anna Haslam, a London-based spokeswoman.

The Anglo-Dutch company, whose former upstream director Malcolm Brinded is among those facing trial, acknowledged in April that it was aware of the destination of part of the payments, but denied wrongdoing.

Eni’s board released a statement expressing “full confidence in the correctness and integrity of both the company’s and chief executive’s actions,” and said it’s confident of Eni’s “non-involvement in the alleged illegal conducts.”

Brinded said on yesterday he’s “disappointed” by the decision and insisted “there is absolutely no basis for the charges against me.”

A final court ruling may take years, potentially bringing steep legal costs for the two companies. The average length of a civil trial in Italy was 460 days in 2016, according to the Ministry of Justice.

Shell and Eni are also facing criminal charges in Nigeria over the same deal. In Europe, Dutch investigators visited Shell’s offices in The Hague in 2016 as part of a probe into the same matter.

 

The Nation

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
Trump Vs Musk: JD Vance Declares Support For US President Amid Online RowExclusive: Inside Details Of Sanwo-Olu’s Alleged Strained Ties With TinubuRevealed! The most beautiful city in AfricaElon Musk’s Fortune Plummets By $34 Billion As Feud with Trump EscalatesGov. Umo Eno: Why I Dumped PDP For APC[Video] Akwa Ibom: Gov Umo Eno Officially Defects to APC in Major Political ShiftOtedola Hails Dangote's Refinery As "Eighth Wonder Of The Modern Era"Tears as Mohammed Uwais, ex- Chief Justice of Nigeria, Dies at 89Trump Slams Musk in Explosive Fallout Over Policy ClashNo Untouchables, I'll 'Touch' Abuja Wealthy And Heavens Won't Fall -- Wike BoastsTears As Nigeria's Ex-Ambassador To US, Jubril Aminu, Dies At 85"Why Wike's Politics Should Be Studied At Universities," Says Ooni of IfeUsing FOI Act As Blackmail tool Not Activism But Sabotage -- NEITI WarnsOil Prices Rise Despite OPEC+ Output Hike PlansTop 10 wealthiest cities in the world in 2025
X whatsapp