Italy: Italy prosecutors seek jail for Eni, Shell executives in Nigeria case

Italian prosecutors have asked for oil majors Eni and Shell to be fined and some of their present and former executives, including Eni CEO Claudio Descalzi, to be jailed in a long-running trial over alleged corruption in Nigeria.

In one of the oil industry’s biggest alleged scandals, Italian prosecutors allege Eni and Shell acquired a Nigerian oilfield in 2011, knowing most of the $1.3 billion purchase price would go to politicians and middlemen in bribes.

In a Milan court, prosecutors asked on Tuesday for eight years in prison for Descalzi and seven years and four months for Shell’s former head of upstream Malcolm Brinded.

The original full article can be found at reuters.com

(Picture: Stefan Wermuth/Bloomberg)

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