Italy: Nigeria asks for $1.1 bln advance from Eni, Shell in graft case

Nigeria asked a Milan court on  Wednesday to order Eni and Royal Dutch Shell to pay $1.092 billion as an immediate advance payment for damages as it is claiming in one of the oil industry’s biggest-ever corruption trials.

At a hearing into alleged corruption linked to Eni and Shell’s 2011 acquisition of the OPL 245 field, Lucio Lucia, lawyer for the Nigerian government, called for a guilty verdict and an advance payment, ahead of any broader damages package set by a court at a a later date.

Lucia did not specify hhow much Nigeria was seeking in damages overall but said the disputed deal had deprived Abuja of “profit oil”, adding “these are massive amounts”.

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(Photo: Stefano Rellandini / Reuters File Photo)


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