March 30, 2023Italian prosecutors had put the oil companies, and some of their executives on criminal trial over allegations of corruption in the transfer of the oil block from Malabu Oil and Gas Ltd. to Shell and Eni for a consideration of $1.1 billion, in addition to the payment of $200 million as signature bonus to the Nigerian government.
The Nigerian government has appealed the judgment of an appeal court in Italy which rejected its $1.1 billion compensation request against Eni, Shell, and others in a civil proceeding over the OPL 245 affair.Italian prosecutors had put the oil companies, and some of their executives on criminal trial over allegations of corruption in the transfer of the oil block from Malabu Oil and Gas Ltd. to Shell and Eni for a consideration of $1.
“The second reason for the appeal is that the appeal sentence resumed in 35 small pages, only the arguments of the first instance sentence, without even addressing the reasons presented in the appeal of the civil party, which in 150 pages had set out all the elements of evidence which, according to the lawyer representing Nigeria, had been underestimated or ignored in the first instance judgment.
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