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Nigeria Charges Shell, Eni With Corruption Over Oil License

  • Authorities say companies ‘corruptly’ paid $801 million
  • Eni says its conduct over lease acquisition was correct
shell
Photographer: Andrey Rudakov/Bloomberg
Updated on

Nigeria’s anti-graft agency filed new charges against Royal Dutch Shell Plc and Eni SpA, alleging the companies “corruptly” paid $801 million in 2011 when acquiring an offshore oil field.

The European oil majors gave that sum to former Nigerian oil minister Dan Etete, his Malabu Oil & Gas Ltd. and others in relation to the purchase of Oil Prospecting License 245 and “thereby committed an offence,” according to documents from the Federal High Court in Abuja.