$1.3 bn OPL-245: Shell Confirms DPP’s Investigation
Mr Bamidele Odugbesan, Manager, Media Communications of Shell Nigeria, has confirmed the Dutch Public Prosecutor’s Office investigations against Royal Dutch Shell (RDS). Odugbesan, who confirmed the development to the News…
Dutch Prosecutors Prepare Criminal Charges Against Shell Over Nigeria Oil Deal
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011. Shell said in a statement on its…
$875m Fraud: FG Granted Plea to Proceed With JPMorgan Chase Trial
A High Court in London headed by Justice Andrew Burrows has granted Nigeria’s plea to allow it proceed with the trial of  JPMorgan Chase. The bank is alleged to have enabled the misappropriation…
Evidence Shows Eni, Shell Are Fully Aware of Nigerian graft- Italian Judge
An Italian judge found on Monday that oil groups Eni and Royal Dutch Shell were fully aware that their 2011 purchase of a Nigerian oilfield would result in…
OPL 245: FG Sues Shell, Eni For $1.1bn​
The federal government Thursday filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London over a 2011 deal involving Oil Prospecting…
Alleged $390m OML 42 Fraud: Shell Reviews Deals Involving Ex-executive Accused of Bribery
Royal Dutch Shell has concluded that a Nigerian oilfield sale where it suspects an executive took bribes was not linked to a separate court case in which he…
Shell Cheated Nigeria of $406.7 million Undeclared shipments Revenue, FG says, as Court fixes Jan. 24 for Trial in its Suit Against Shell Western Supply
A Federal High Court in Lagos has set aside Jan. 24, 2018 for commencement of trial in a suit by the Federal Government, against Shell Western Supply…
FG withdraws $3.12bn from NLNG account in 3 years; Senate suspects fraud
Twenty-two withdrawals totalling $3.12 billion were made from the Nigerian Liquefied Natural Gas (NLNG) dividends account domiciled in the Central Bank of Nigeria (CBN) in the last three years. This…
Crude Oil Shipment: FG Closes $55m Debt Recovery Suit Against Agip
The Federal Government on Tuesday closed its case at a Federal High Court, Lagos in a 55 million dollars debt recovery suit it filed against Agip Oil…
NNPC to ink crude-for-product deals with Shell and ExxonMobil
Nigeria’s state oil firm NNPC could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP last week, a senior NNPC official said on Monday. Reuters reports…