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Nigeria Government Lawyer Accuses Jonathan, Adoke And Diezani Of Receiving Bribes To Facilitate Malabu Deal

Nigeria Government Lawyer Accuses Jonathan, Adoke And Diezani Of Receiving Bribes To Facilitate Malabu Deal

He informed the court that Nigeria wanted to take action because of this fact, which it considers to be of very serious prejudice to the nation.

BY SAHARA REPORTERS, NEW YORK: SEP 10, 2020

The lawyer representing Nigeria at the ongoing trial of the Malabu OPL245 scandal, Lucio Lucia, has indicted ex-President Goodluck Jonathan, at the hearing of the case in Milan court on Wednesday. read more

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Malabu Oil Deal: Canadian judge dismisses suit challenging Nigeria’s grounding of Etete’s jet

Malabu Oil Deal: Canadian judge dismisses suit challenging Nigeria’s grounding of Etete’s jet

A Canadian judge on Thursday dismissed an application seeking leave to appeal the judgement that confirmed the grounding of a luxury private jet purchased by a former Nigerian oil minister, Dan Etete, with some of the alleged proceeds of the controversial $1.3 billion Malabu OPL245 oil deal.

The suit was filed before the court by Tibit Limited, an anonymously owned company incorporated in the British Virgin Islands (BVI), claiming ownership of the jet. read more

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Shell avoids loss with strong trading, wipes $17 billion off assets

Shell avoids loss with strong trading, wipes $17 billion off assets

Ron BoussoShadia Nasralla: JULY 30, 2020

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) avoided its first quarterly loss in recent history, helped by a booming trading business, but announced nearly $17 billion in impairment charges reflecting a pessimistic outlook for oil and gas prices.

Shell had warned last month it was set to slash the value of its oil and gas assets by up to $22 billion as the coronavirus crisis hollowed out energy demand.

“Shell has delivered resilient cash flow in a remarkably challenging environment,” CEO Ben van Beurden said in a statement on Thursday. read more

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OPL 245: International transparency groups raise 25 questions

International transparency groups raise 25 questions for AGF Malami on OPL 245 contracts

Four civil society groups who have been monitoring the OPL 245 scandal have raised 25 questions for Nigeria’s justice minister, Abubakar Malami, on the handling of the assets recovered in relation to the oil block.

The groups include Corner House, Global Witness and Re:Common – all European transparency organisations – and the Human and Environmental Development Agenda (HEDA), a Nigerian anti-corruption group. read more

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OPL 245: Nigeria’s anti-corruption fight may suffer setback

Magu: International groups write Buhari, say Nigeria’s anti-corruption fight may suffer setback

Prominent international groups involved in anti-corruption efforts globally have written to President Muhammadu Buhari on what they consider the unfortunate treatment of Ibrahim Magu.

PREMIUM TIMES reported the arrest of Mr Magu, acting chairman of Nigeria’s anti-graft agency, EFCC, on Monday.

He has been detained since then as he continues to appear before a panel probing allegations of corruption and insubordination against him. The allegations were made by the Attorney-General of the Federation, Abubakar Malami. read more

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OPL 245:EFCC arraigns Malabu oil, 6 others over alleged $1bn fraud

OPL 245:EFCC arraigns Malabu oil, 6 others over alleged $1bn fraud

1 July 2020

By Ikechukwu Nnochiri ABUJA — The Economic and Financial Crimes Commission, EFCC, on Wednesday, arraigned Malabu Oil & Gas Limited, six other companies and an oil tycoon, Aliyu Abubakar before the Federal High Court on a 48-count fraud charge.

The Defendants were docked over their involvement in alleged fraudulent transfer of controversial OPL 245, considered as one of the richest oil blocks in Africa.

Other defendants in the charge marked FHC/ABJ/CR/268/2016, are A-Group Construction Company Limited, Rocky Top Resources Limited, Mega-Tech Engineering Limited, Novel Properties and Development Company Limited, and Carlin International Nigeria Limited. read more

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OPL 245: Fresh Charges Against Malabu Oil and Gas Limited

EFCC drops Adoke from key OPL 245 case, files fresh charges against Malabu

The Economic and Financial Crimes Commission (EFCC) has arraigned Malabu Oil and Gas Limited on fresh charges of money laundering in the OPL 245 deal of 2011.

July 02, 2020

Malabu, alongside Aliyu Abubakar, a businessman, and six other companies were arraigned on a 48-count charge before Iyang Ekwo, judge of a federal high court in Abuja.

The companies listed in the charge are: A-Group Construction Company Limited, Rocky Top Resources Limited, Mega Tech Engineering Limited, Novel Properties and Development Company Limited, and Carlin International Nigeria Limited. read more

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OPL 245: How Italian Prosecutors Hid Vital Information from Judge

OPL 245: How Italian Prosecutors Hid Vital Information from Judge

By Davidson Iriekpen:

Facts have emerged that the lead Italian prosecutor in the criminal case involving Shell and ENI over the OPL 245 affair, Dr. Fabio De Pasquale, concealed a significant material fact from the Milanese court concerning the former Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Mohammed Bello Adoke, THISDAY has learnt.

In the transcripts of the hearing with Criminal Proceeding No. 54772/13 RGNR, the prosecution witness, Ferri Alessandro, had told the court that Adoke owned the property at No. 271, Cadastral Zone A06 Maitama, Abuja, for which he had collected a mortgage of N300 million from Unity Bank in 2011. read more

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Malabu Oil Block: ex-minister Orubebe’s wife quizzed over N360m deals

Malabu Oil Block: ex-minister Orubebe’s wife quizzed over N360m deals

MAY 15, 2020

From Yusuf Alli, Abuja

Former Niger Delta Affairs Minister Godsday Orubebe’s wife Maureen, has been grilled by the Economic and Financial Crimes Commission (EFCC) over a N500 million deal linked to the $1.092 billion Malabu Oil Block scandal.

Mrs. Orubebe is also being investigated for alleged money laundering.

She was alleged to have bought three assets from the company of one of the suspects on trial over the Malabu Oil Block Settlement Agreement.

The assets were alleged to be part of those which over $523 million (out of $1.06b) was used for. read more

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SEC drops inquiry into Shell-Eni OPL 245 deal, companies say

|About: Royal Dutch Shell plc (RDS.A)|By: , SA News Editor

  • Royal Dutch Shell (RDS.A +0.9%) and Eni (E -0.8%) say the U.S. Securities and Exchange Commission has dropped its inquiry into their 2011 acquisition of the OPL 245 oil block offshore Nigeria.
  • The two companies are still on trial in Italy over allegations they bought OPL 245 knowing most of the $1.3B price would go to agents and middlemen in bribes.
  • Separately, Eni says CEO Claudio Descalzi and all senior managers will defer the collection of half of their 2020 long-term incentive plans until 2021, part of the company’s measures to reduce investment and operating costs.
  • For Descalzi, the deferral is equivalent to €735K, 15% of his total remuneration or 46% of his fixed remuneration.
  • Also, an agreement between Eni, Spanish gas firm Naturgy Energy and the Egyptian government to resolve a series of disputes over a shuttered gas plant in northern Egypt reportedly has fallen through.
  • The deal had been due to end Naturgy’s business interests in Egypt and dissolve a joint venture between Naturgy and Eni, while Eni and some Egyptian firms would have increased their holdings in the Damietta plant.        SOURCE
  • read more

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    Malabu Oil deal: EFCC seeks arrest warrant to extradite ex-Minister Etete, others

    JANUARY 29, 2020

    Yusuf Alli, Managing Editor, Abuja

    THE Economic and Financial Crimes Commission (EFCC) has asked the High Court of the Federal Capital Territory for a warrant of arrest to enable it extradite a former Minister of Petroleum Resources, Dauzia Loya (Dan) Etete and two others.

    The others are Munamuna Seidougha and Amaran Joseph.

    The anti-graft agency has preferred charges against the three suspects before the High Court over the $1.09billion Malabu Oil Block (OPL 245) Settlement Agreement.

    The EFCC alleged that Rasky Gbinigie, Munamuna Seidougha (at large), Amaran Joseph sometime in 2013, in Abuja “dishonestly used as genuine the forged form CAC 7 and Board Resolution of Malabu Oil and Gas Limited and the letter of resignation of one Mohammed Sani, which they then knew to be forged documents, to open a bank account No. 2018288005 to receive $401,540,000.00 . read more

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    $1.06b Malabu oil block: Govt, EFCC, Interpol in row over Adoke

    December 8, 2019

    THE International Police (INTERPOL) has rejected the request of former Attorney-General and Minister of Justice Mohammed Bello Adoke for release from its custody in Abu Dhabi, United Arab Emirates (UAE).

    It said it could not grant the request because it deals with states and not individuals. Adoke’s lawyers wrote the INTERPOL, seeking his release based on what they called the vacation, on October 25, of the warrant of arrest issued against him by Justice Danlami Senchi of the Federal Capital Territory (FCT) High Court in Abuja. read more

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    Shell: Security Remains Major Challenge in N’Delta

    By Emmanuel Addeh in Yenagoa 12 July 2019: — Shell Petroleum Development Company of Nigeria Limited (SPDC) has said security remains a major challenge occasioned by continuing crude oil theft and vandalism of oil and gas facilities in parts of the Niger Delta.

    SPDC’s General Manager, External Relations, Igo Weli, who spoke in Yenagoa, Bayelsa State, at the media launch of the 2019 edition of the Shell in Nigeria Briefing Notes, an annual publication detailing the activities of the business interests of the global energy giant, noted that the illegal activities result in the loss of 11,000 Barrels Per Day of crude oil. read more

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    Shell Vows Not To Return Pumping Oil In Troubled Nigerian Region

    Earlier this month, a Dutch court ruled that it had the jurisdiction and would hear a damages lawsuit against Shell brought by the widows of activists executed by Nigeria’s government after the protests in Ogoniland in the 1990s.

    By Tsvetana Paraskova May 27, 2019, 4:00 PM CDT

    The Nigerian unit of Royal Dutch Shell doesn’t have any plans to return to exploring or producing oil in Ogoniland in Nigeria’s Rivers state after it ceased operations there in the 1990s, Igo Weli, General Manager, External Relations, at the Shell Petroleum Development Company (SPDC) said this weekend at the release of Shell Nigeria’s 2019 Briefing Notes.

    SPDC, as operator of the SPDC Joint Venture, carried out exploration and production operations in Ogoniland from the 1950s until the early 1990s. Production ceased in 1993 following a rise in violence, threats to staff, and attacks on facilities, Shell said. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    Report alleges Shell and Eni made military-style Nigerian oil deal

     

    A new report alleges that Shell and Eni benefited ‘at the expense’ of the Nigerian people in a generous military-style contact in 2011.

    Analysis from non-profit watchdog Global Witness suggests the firms signed a “Sole Risk” contract, which gave away Nigeria’s right to its share of the oil produced in the $1.1bn deal.

    Court cases are underway into allegations of bribery in the deal for the OPL 245 license, which holds one of the country’s largest oil fields. read more

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    Russia can become the world’s top natural gas producer – Shell CEO

    Russia can become the world’s top natural gas producer – Shell CEO

    Published time: 15 March 2019

    With the biggest natural gas reserves on the planet, Russia could become the world’s number one producer of the fuel, according to Ben van Beurden, the CEO of Anglo-Dutch energy major Shell.

    The top executive says that rapidly increasing demand for natural gas has occurred due to the worldwide trend aimed at forcing out coal from power generation and the widening opportunity of available renewable energy sources.

    “Russia’s chances in the field are huge,” van Beurden wrote in an article for RIA Novosti, stressing that the country is the world’s largest exporter of natural gas.

    “It is the second largest producer of natural gas. It could be the largest,” he said. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

    The crooks at USB Bank and Royal Dutch Shell

    Former Shell CEO Peter Voser is an unlucky man. He had the incredible misfortune to be in charge of the bad guys at both corporate giants, Shell and UBS Bank simultaneously, while presumably being personally innocent of any criminal acts? What are the chances of that happening? The question of managerial negligence, twice-over, must surely be another matter?

    By John Donovan

    Printed below is an article published yesterday by BBC News reporting that the “Swiss banking giant UBS has been fined €3.7bn (£3.2bn; $4.2bn) in a French tax fraud case.”

    The article goes on to say that “Following similar cases in the US in 2009 and Germany in 2014, the bank accepted large fines.”

    During the period of criminal activity the then Chief Executive Officer of Royal Dutch Shell Plc – Peter Voser – was paid millions of Swiss francs in his role as a director of UBS AG. He was also a member of the governance and nominating committee and of the strategy committee. read more

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    Jamie Oliver defends controversial £5m food deal with oil giant Shell

    EXCLUSIVE: TV chef who previously campaigned for green causes is facing a major backlash

    The TV chef has launched Jamie Oliver deli by Shell (Image: PA)

    Shell, whose profits hit £4.3billion last year, is in the top 10 global carbon dioxide emitters. It is also involved in a corruption trial over dealings in Nigeria.

    By Tom Bryant: Head Of Showbiz: 20:54, 15 JAN 2019

    Jamie Oliver has sparked fresh fury after trying to defend his £5million food-to-go deal with Shell.

    The TV chef, 43, yesterday launched his range for the oil giant, despite campaigning for action on climate change.

    He said he had “thought a lot” before agreeing to it, adding: “There are pitfalls working for any client, they all have their own baggage.”

    But campaigners hit out at his reasoning, which comes after Jamie told of a cash crisis at his company.

    Shell, whose profits hit £4.3billion last year, is in the top 10 global carbon dioxide emitters. It is also involved in a corruption trial over dealings in Nigeria. read more

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    Nigeria sues Shell and Eni over 2011 ‘oil bribes’

    December 14 2018, 12:01am

    Nigeria is suing Royal Dutch Shell and Eni for $1.1 billion that it claims it missed out on as a result of alleged corruption in a 2011 oil deal. The country said that it had lodged the claim in the High Court in London against the companies to recoup payments they made for an offshore oil exploration block. It alleges that the oil majors knew that much of the $1.3 billion they had paid to the Nigerian government to secure ownership of the OPL 245 licence ultimately would be paid in bribes. The allegations are already the subject of criminal proceedings in Italy and Nigeria. Both Shell and Eni deny any wrongdoing. Shell is an Anglo-Dutch group that employs about 80,000 people in more than… Want to read more? read more

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    Shell cuts its losses by selling stake in Corrib gas field

    Shell has sold its remaining stake in the Corrib gas field, formally marking its exit after nearly two decades of involvement.

    The UK company, one of the largest oil and gas firms in the world, announced yesterday that it had completed a deal to offload a 45 per cent interest in the gas field to a unit of the Canada Pension Plan Investment Board.

    The deal, which was agreed in July last year, will include a cash payment of $958 million (€846 million), interest of $54 million and additional payments of $285 million, subject to gas prices and production from Corrib. The transaction could therefore be worth $1.3 billion (€1.1 billion). read more

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    Royal Dutch Shell completes Corrib share sale

    Western Correspondent

    The oil company Royal Dutch Shell has completed the sale of its shares in the Corrib gas field off the north Mayo coast.

    The deal means Shell no longer has any involvement in the operation of the project.

    Last year, the Canada Pension Plan Investment Board (CPPIB) agreed a deal to purchase all Shell interests on the Corrib venture, for €1.08 billion.

    Gas was first detected off the north west coast in the late 1990s but the project to bring it ashore was mired in controversy and subject to several challenges. read more

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    MALABU SCANDAL: Shell, Eni officials’ trial continues as anti-corruption group head appears before court

    The trial of officials of oil giants Eni and Shell over the controversial Malabu scandal will resume Wednesday at the Milan Palace of Justice in Italy, PREMIUM TIMES has learnt.

    The Milan court’s decision came after Simon Taylor, a founding director of anti-corruption group, Global Witness, appeared before it as witness on Wednesday.

    Mr Taylor’s Global Witness, together with PREMIUM TIMES and its London partner, Finance Uncovered, have for years done extensive investigations into the long-running controversial oil deal. read more

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    Corruption trial in Nigeria may last several months, says Shell

    SOURCE

    Corruption trial in Nigeria may last several months, says Shell

    12 October 2018

    Royal Dutch Shell has said the corruption trial over a Nigerian oil deal may last several months, warning staff of continued critical media coverage in the $1.3 billion case.

    An internal memo sighted by Reuters indicates that Shell’s Legal Director, Donny Ching, encouraged employees to study an internal web page that the Anglo-Dutch oil giant had set up for the case before responding to questions from relatives and friends.

    Shell and its Italian peer, Eni are defendants in a Milan bribery trial, now in its early stages, focusing on the 2011 purchase of Nigeria’s $1.3 billion OPL 245 offshore oilfield. read more

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    Court Commits Shell MD to Imprisonment with Hard Labour

    NO, IT’S NOT MALCOLM BRINDED. HIS BRIBERY & CORRUPTION TRIAL (RE OPL 245) ALSO RELATING TO NIGERIA, IS STILL IN PROGRESS. 

    Those sentenced alongside the SPDC managing director are Shell’s Secretary and Head of legal and the Deputy Country Head of Legal/Managing Counsel Global litigation sub-Sahara Africa.The judge directed the Nigerian Police Force and other law enforcement to effect immediate arrest of the aforementioned Shell officials who were absent in court and send them to prison.

    By Ernest Chinwo in Port Harcourt: OCTOBER 10, 2018

    A Port Harcourt High Court yesterday sentenced the Managing Director of Shell Petroleum Development Company (SPDC), Mr. Osagie Okunbor, and two others to three months’ imprisonment with hard labour for disobeying court order.

    But reacting to the court judgment, the SPDC’s spokesman, Bamidele Odugbesan, said the oil giant did not accept the judgment and had appealed it. 

    “We do not accept that SPDC has disobeyed any lawful order of court and have accordingly appealed this judgement.  read more

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    Shell Tries to Come Clean on Its Dirty Past in Nigeria

    Italian prosecutors allege that a year after its agreement with the U.S., Shell and Eni SpA, its partner in Nigeria, paid more than $1 billion to win offshore licenses, which mostly went to bribes.

    As the company moves away from oil, it can’t shake its years operating in the pollution- and graft-ridden nation.

    A leaking, out-of-service Shell oil well head catches fire in Nigeria in 2006. PHOTOGRAPHER: ED KASHI/VII

    By Kelly Gilblom

    Perched in a helicopter sweeping over the mangrove forests of the Niger Delta, a photographer named Casey is looking for trouble. And she finds it, down among a cluster of tree trunks stained with crude. A faint disturbance in a jungle clearing turns out to be a group of men pawing at a pipeline, a tiny slice of a 1,200-mile web that feeds Royal Dutch Shell Plc’s bustling export hub on Bonny Island. Some of the men flee as the chopper closes in, but most redouble their efforts as Casey aims her camera. “I’ve seen things get better,” she said before takeoff. “Then they go back to getting worse.” read more

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    In Nigeria, Shell finds there’s no easy way out

    In Nigeria, Shell finds there’s no easy way out

    25 Sept 2018

    Royal Dutch Shell wants to shift its operations in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued the West African country’s onshore industry for decades.

    SOURCE

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    In Nigeria, Shell’s onshore roots still run deep

    An overview of the Niger delta where signs of oil spills can be seen in the water in Port Harcourt, Nigeria August 1, 2018. Picture taken August 1, 2018. REUTERS/Ron Bousso

    Ron Bousso: SEPT 23, 2018

    BODO, Nigeria (Reuters) – Royal Dutch Shell wants to reweight its footprint in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued the West African country’s onshore industry for decades.

    But for the company that pioneered Nigeria’s oil industry in the 1950s, the Niger Delta remains as important — and problematic — as ever.

    While Shell has cut onshore oil production and sold some onshore assets, it continues to invest in others. In fact, onshore production has risen in recent years as a share of Shell’s output in Nigeria, an analysis of company data over the past decade shows. read more

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    Firm doesn’t expect tax bill over €362m Corrib revenues

    Public protests in Ireland about Shell led Corrib Gas Project

    Gordon Deegan: 

    The Corrib Gas partners have reported a 25pc jump in revenues to €362m in the first half of this year in spite of external electricity supply issues hitting production at its gas terminal in the second quarter.

    That is according to new quarterly figures provided by Canadian firm Vermilion.

    It said production between April and the end of June decreased 7pc quarter-over-quarter and 11pc year-over-year for the first six months.

    However, sales for the first six months were up by 25pc to €362m (Can$549m) on the same period last year. read more

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    Insight into shocking Ogoniland events stemming from Nigerian crude oil discovery decades ago

    Bomu-Lewe Incessant Crises: What Authorities Should Know

    By: Nii Poi Vikem

    After the discovery of crude oil in Oloibiri, Bomu was the next place crude oil was discovered in commercial quantity in Nigeria and it was the entry port for a multinational oil giant like Shell Petroleum Development Company, SPDC into the belly of Ogoniland and Nigeria.

    This strategic economic significance has made Bomu the pride of Nigeria’s economic growth, though completely denied the appurtenances derivable from the major role it played and still plays in Nigeria’s economic indices. read more

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    Investigation finds IT upgrade responsible for Corrib gas release

    Shell announced last year that it was disposing of its 45 per cent stake in the Corrib gas field to a unit of Canada Pension Plan Investment Board in an €830 million deal, resulting in about €1 billion of losses. The decision was announced just over 18 months after first gas finally flowed from the field 83km off the Mayo coast, after over a decade of opposition…

    Lorna Siggins 

    An investigation by the State’s energy regulator into the release of non-odourised gas from the Corrib gas refinery in north Mayo last year says it was caused by the upgrading of an information technology (IT) system.

    “Deficiencies” in Shell E&P Ireland’s (SEPIL) operating procedures led to the incident last September, but there were no safety consequences for staff at the Corrib gas refinery or members of the public “in the immediate vicinity”, the Commission for Regulation of Utilities (CRU) has found. read more

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    Shell, Eni Could Face Massive Damages in Nigerian Corruption Case

    CAIN BURDEAU: July 19, 2018

    CASTELBUONO, Sicily (CN) – Nigeria could learn Friday at a court in Milan whether it can pursue damages against oil giants Shell and Eni in a sprawling international corruption case.

    The trial centers on a $1.3 billion bribery deal Royal Dutch Shell Plc. and Italy-based Eni S.p.A. executives allegedly entered into in 2011 with Nigerian officials, including then-President Goodluck Jonathan, to purchase a much-coveted oil field off the coast of Nigeria.

    In December 2017, Italian judges in Milan ordered the companies and a number of individuals, including top executives at Shell and Eni, to stand trial. The trial has been slow to unfold and remains in preliminary hearings. read more

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    Italy’s top court rejects appeal to stymie Shell, Eni corruption trial

    REUTERS STAFF: JUNE 13, 2018 / 4:03 PM

    ROME (Reuters) – Italy’s Supreme Court threw out an appeal from Shell and four former Shell managers to stymie a corruption trial that has also involved Eni’s chief executive, legal sources said on Wednesday.

    The long-running graft case on alleged corruption in Nigeria, revolves around the 2011 purchase by Eni and Shell of Nigeria’s OPL-245 offshore oilfield for about $1.3 billion. The trial began last month, with the next hearing set for June 20. read more

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    Italy’s top court tosses appeal in Shell, Eni corruption trial

    |By: , SA News Editor

    Italy’s Supreme Court rejects an appeal from Royal Dutch Shell (RDS.ARDS.B) and four former Shell managers to reverse a trial on alleged corruption in Nigeria, which also has implicated Eni (NYSE:E) CEO Claudio Descalzi.

    The appeal hoped to reverse the trial to the preliminary hearing stage due to what it said were procedural errors, but the court ruled that the appeal was inadmissible.

    Nine current and former company executives or contractors, including Descalzi, are accused by Italian prosecutors of paying bribes to secure the license to explore Nigeria’s OPL-245 offshore oilfield, which holds ~9B barrels of oil but has never entered production. read more

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    Tanzanian MP Wants Shell-BG U.S.$500 Million Transaction Investigated

    Tanzanian MP Wants Shell-BG U.S.$500 Million Transaction Investigated

    Dodoma — Momba MP Mr David Silinde (Chadema) has asked the Parliament to form a special committee to investigate the transaction between Shell and BG over Tanzania’s gas blocks alleging that Shell did not pay capital gain tax.

    Debating the budget of the Ministry of Energy on Friday, Mr Silinde said the company should pay the tax estimated at $500 million.

    “There is a possibility that the transaction involved corruption. Hence, denies the country the revenue which could address different challenges in the energy sector,” said Mr Silinde. read more

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    Nigeria: Shell’s Oil Spill Dispute With Nigerian Villagers Back in UK Court

    Nigeria: Shell’s Oil Spill Dispute With Nigerian Villagers Back in UK Court

    Lawyers for the Bodo community in Ogoniland of Rivers State, which was devastated by two major oil spills in 2008, went to court in London yesterday to fend off what they said was an attempt by Shell to kill off their litigation.

    This is coming as crude oil price rose briefly to $80 per barrel yesterday after the United States toughened its stance on Iran and Venezuela, key oil producers and members of the Organisation of Petroleum Exporting Countries (OPEC).

    The Bodo oil spills have been the subject of years of legal wrangling. read more

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    Shell’s oil spill dispute with Nigeria’s Bodo villagers back in UK court

    Estelle Shirbon: MAY 22, 2018

    LONDON (Reuters) – Lawyers for the Bodo community in Nigeria’s oil-producing Niger Delta, which was devastated by two major oil spills a decade ago, went to court in London on Tuesday to fend off what they said was an attempt by Shell to kill off their litigation.

    The Bodo oil spills have been the subject of years of legal wrangling. In 2015, Shell accepted liability for the spills, agreeing to pay 55 million pounds ($83 million at the time) to Bodo villagers and to clean up their lands and waterways. read more

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    Shell, Eni trial on Nigeria corruption re-adjourned to June

    Reuters Staff: MAY 14, 2018

    MILAN (Reuters) – The trial of top executives from oil majors Eni (ENI.MI) and Shell (RDSa.L) over alleged corruption in Nigeria kicked off on Monday with a brief procedural hearing and a decision to re-adjourn next month.

    At the next hearing, set for June 20, the Milan court said it would assess requests from third parties, including a series of international non-profit organizations, to join the case.

    At Monday’s hearing Domenico Cartoni Schittar, a lawyer representing the Nigerian government, said he was stepping down from his role.  read more

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    Shell boss Ben Van Beurden facing a shareholder revolt over his £7.8m pay packet

    The boss of oil giant Shell is facing the threat of a revolt over his £7.8million pay packet.

    Institutional Shareholders Services, a leading investor advisory group, is recommending that Ben van Beurden’s pay is voted down at the annual general meeting later this month.

    ISS said it also wants more information about how the 60-year-old’s bonus was affected by an incident in Pakistan in 2016, when a fuel tanker operated by a Shell Pakistan contractor exploded, killing more than 200 people. read more

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    Shell, Eni oil executives on trial for graft in Nigeria

    A corruption trial against oil giants Shell and Eni and Nigeria’s ex-oil minister Dan Etete is getting started in Milan. The case deals with alleged bribes valuing millions, and the Italian trial is not the only one.

    Starting Monday, the Italian city of Milan will be the scene of a month-long trial that deals with corruption allegations in the oil industry.

    The Milan public prosecutor’s office accuses the Italian oil firm Eni and the British-Dutch oil company Shell of having paid millions of dollars in bribes in order to acquire a lucrative oil exploration and drilling license in Nigeria.

    Now 15 defendants are facing trial. Most of them employees of the two companies but Nigeria’s ex-Minister of Petroleum, Dan Etete, will also be tried. read more

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    Shell and Eni in court over alleged corruption in $1.1bn Nigerian oil deal

    Royal Dutch Shell, Italian oil giant Eni and a number of senior executives at the two firms face trial in Milan on Monday over corruption charges relating to a $1.1bn (£800m) deal for a Nigerian oil block.

    The Milan public prosecutor alleges that $520m from a 2011 deal to buy rights to a vast oil block off Nigeria’s coast was converted into cash and intended to be paid to the then Nigerian resident Goodluck Jonathan, members of the government and other Nigerian government officials.  read more

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    Trial set for two of the world’s largest oil companies

    Trial set for two of the world’s largest oil companies

    13 May 2018: Two of the world’s largest oil companies, Royal Dutch Shell and Eni of Italy, are expected to go on trial on Monday in Milan. Prosecutors are bringing corruption charges over a $1.3 billion oil deal in Nigeria. The defendants include current and former oil executives, among them Claudio Descalzi, Eni’s chief executive, who has the backing of his board despite his legal troubles. The case revolves around a payment the companies made in 2011 to the Nigerian government to settle a dispute over an offshore oil tract in the Atlantic Ocean known as OPL 245. The companies have consistently denied wrongdoing, but the case may shine a light on the sometimes murky dealings of the international oil industry. The proceedings, which are expected to last for months, may be delayed after initial procedures. Stanley Reed read more

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    Malabu Oil Deal: Two British Secret Service Agents Docked As Trial Begins In Milan

    Shell and Italian oil giant, Eni, are also defendants in the charge of ‘Aggravated international corruption,’ leveled against the oil executives in the trial which began in Milan, Italy on Monday.

    BY SAHARA REPORTERS, NEW YORK: MAY 11, 2018

    Two retired secret agents of British Mi6 identified as Collegate Guy Jonathan and John Coplestone De Carteret, are among the executives of Royal Dutch Shell under prosecution in the ongoing trial of bribery allegation in the purchase of lucrative Nigerian Malabu oil block.

    Shell and Italian oil giant, Eni, are also defendants in the charge of ‘Aggravated international corruption,’ leveled against the oil executives in the trial which began in Milan, Italy on Monday. read more

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    Malabu Oil: Trial of Shell, Eni CEO, Other Top Executives, Begin Monday

    By Bayo Akinloye: 12 MAY 2018

    The Royal Dutch Shell and Eni, along with a number of their senior executives, will on Monday face criminal charges in Milan, Italy, for alleged aggravated international corruption for their role in a $1.1bn deal for a Malabu Oil’s OPL 245.

    This was made known in a statement yesterday by the international corruption watchdog, the Global Witness.

    It noted that no company as large as Royal Dutch Shell or senior executives of a major oil company had ever stood trial for bribery offences.  read more

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    Nigeria draft oil reforms seek to establish powerful industry regulator

    FILE PHOTO: The Nigeria National Petroleum Corporation (NNPC) headquarters are seen in Abuja, Nigeria December 5, 2017. REUTERS/Afolabi Sotunde/File Photo

    For decades, communities in the Niger Delta oil heartland have complained that spills and pollution have destroyed their land and killed off wildlife. Rights group Amnesty International accused international oil majors Royal Dutch Shell PLC and Eni SpA in March of negligence when addressing spills in Nigeria.

    ABUJA (Reuters) – Nigeria’s government plans to create a powerful energy regulator with broad oversight of the oil and gas sector, according to draft versions of sweeping reforms known collectively as the Petroleum Industry Bill (PIB).

    The draft laws, posted on the Nigerian legislature’s website on April 30, are the versions intended for the Senate, the upper house of parliament.

    The PIB aims to improve transparency, attract investors, stimulate growth and increase government revenues.

    After being debated for well over a decade, the unwieldly and contentious legislation was broken into sections to help it pass into law. read more

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    Malabu Scandal: Court to hear case to force seizure of oil block

    “This corrupt deal is spawning legal action all over the world. Global Witness wholeheartedly supports the move to revoke the rights to this oil block. Shell and Eni should not be allowed to profit from their appalling behaviour…”

    May 7, 2018

    On Tuesday, the Federal High Court of Nigeria will hear a case to compel the Nigerian government to take back one of Nigeria’s most lucrative oil blocks, which has been at the centre of a $1.1 billion multinational corruption scandal.

    The case is brought by Nigerian civil society organization, Human Environmental Development Agenda (HEDA), who are demanding that the government “revoke the Operating Production Licence (OPL) 245 on grounds that the entire Malabu transaction in relation to the OPL 245 is unconstitutional, illegal and void as it was not legally granted, same having been obtained fraudulently vide corrupt practices.” read more

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    Intrigue Thickens Over OML 42 As Neconde Sues Shell

    Indigenous energy firm, Neconde, has sued International Oil Company (IOC), Royal Dutch Shell in London, for allegedly refusing to make remittances to it after it had bought a stake in controversial oil block Oil Mining Lease (OML) 42. In late March, Shell had instituted a criminal procedure against Peter Robinson, a former employee, in the Netherlands, in relation to the sale of the aforementioned block.

    BY SAHARA REPORTERS, NEW YORK APR 10, 2018

    Indigenous energy firm, Neconde, has sued International Oil Company (IOC), Royal Dutch Shell in London, for allegedly refusing to make remittances to it after it had bought a stake in controversial oil block Oil Mining Lease (OML) 42. read more

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    Nigerian oil firm Neconde mounts arbitration case against Shell

    The oilfield in question, Oil Mining Lease (OML) 42, is also at the center of corruption allegations. Shell filed a criminal complaint against a former employee in late March over suspected bribes in the $390 million sale of the field.

    Alexis Akwagyiram, Chijioke Ohuocha: APRIL 9, 2018

    LAGOS (Reuters) – Nigerian energy company Neconde has launched an arbitration case against Royal Dutch Shell, the West African firm’s chief executive said, alleging the oil major continued to lift crude and failed to remit funds after a lease had been sold.

    The oilfield in question, Oil Mining Lease (OML) 42, is also at the center of corruption allegations. Shell filed a criminal complaint against a former employee in late March over suspected bribes in the $390 million sale of the field. read more

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    Malabu Scandal: UK Opposition Leader Wants Govt Probed over Payments to Etete

    The transactions were made by the U.S. bank when Royal Dutch Shell and Eni bought offshore oilfield OPL 245 from Malabu Oil and Gas in 2011. The $1.3 billion deal has spawned legal cases spanning several countries and involving Nigerian government officials and senior ENI and Shell executives, a number of whom would be facing trial in Italy on corruption charges next month.

    Ejiofor Alike with agency reports

    A Liberal Democrat and former British Business Secretary, Vince Cable, has called on the UK Home Office and National Crime Agency to explain themselves over the revelation that the country’s anti-money laundering agency allowed JP Morgan to transfer $875 million to a former Nigerian oil minister, Mr. Dan Etete. The transfers were made in relation to the Malabu oil deal, involving the controversial Oil Prospecting Lease (OPL) 245.

    JP Morgan’s London branch had claimed it repeatedly sought consent from the Serious Organised Crime Agency (Soca) to pay the fund into accounts linked to Etete. The bank said instead of being told to block the transfers, it was authorised by Soca to make the payment. read more

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    JP Morgan says it knew ex-minister linked to firm in Nigeria oilfield deal

    Shell said in April last year that it “always knew” the Nigerian government would compensate Malabu and that Etete was involved. It had previously told Reuters only that payments went to the Nigerian government.

    Julia Payne, Libby George: 7 April 2018

    LONDON (Reuters) – JP Morgan Chase has acknowledged it knew a former Nigerian oil minister convicted of money laundering would benefit when it transferred over $800 million of government funds to a company he controlled, according to a court document seen by Reuters.

    JP Morgan made the acknowledgement in its legal response to a lawsuit filed by Nigeria over transactions made by the U.S. bank when Royal Dutch Shell and Eni bought offshore oilfield OPL 245 from Malabu Oil and Gas in 2011. read more

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