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”.

The original full article can be found at reuters.com

(Photo: Stefano Rellandini / Reuters File Photo)

 

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