ITALIAN COURT ACQUITS ENI AND SHELL IN NIGERIAN CORRUPTION CASE
March 1st, 2021
After a three-year trial, judge Marco Tremolada acquitted energy companies Eni and Shell and 13 executives from both companies, including Eni CEO Claudio Descalzi, of being associated with graft in Nigeria. In a Milan court March 17, the judge ruled there was no case to answer over the companies’ USD1.3 billion acquisition of Nigeria’s OPL 245 offshore oilfield, amidst allegations that USD1.1 billion of that was pocketed by politicians and middlemen. Royal Dutch Shell “always maintained that the 2011 settlement was legal,” and designed to end a dispute ...
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