Nigeria files $1.1 billion London lawsuit against Shell, Eni over oil deal [Reuters (UK)]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Reuters
Nigeria files $1.1 billion London lawsuit against Shell, Eni over oil deal | Reuters 1 Min Read LONDON (Reuters) - Lawyers for the Nigerian government said they had filed a $1.1 billion (869 million pounds) lawsuit against Royal Dutch Shell ( RDSa.AS ) and Eni ( ENI.MI ) in a commercial court in London on Thursday in relation to a 2011 oilfield deal. The OPL 245 oilfield is also at the heart of an ongoing corruption trial in Milan in which former and current Shell and Eni officials are on the bench. “It is alleged that purchase monies purportedly paid to the Federal Republic of Nigeria were in fact immediately paid through to a company controlled by Dan Etete, formerly the Nigerian minister of petroleum, and used for, amongst other things, bribes and kickbacks,” the statement said. Reporting by Stephen Jewkes, Ron Bousso, Julia Payne, Paul Carsten, Shadia Nasralla; editing by Jason Neely All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and d
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