By John Donovan
Following the raids earlier this year by Italian law officials on the headquarters of Eni in Milan and Royal Dutch Shell in The Hague, I was advised by a Shell insider that this subject, above all others, is the one of most concern to Shell senior management.
Now we have news that Nigeria’s anti-corruption agency – The Economic and Financial Crimes Commision – has just filed fresh proceedings.
Investigations are already underway in a number of countries, including the UK and the United States.
See extracts below from an Associated Press Report:
Nigerian lawsuit revives billion-dollar oil scandal
PUBLISHED: 14:45, 21 December 2016
LAGOS, Nigeria (AP) — Nigeria’s anti-corruption agency is reviving a five-year-old scandal involving one of Africa’s richest oil blocs, in which a former petroleum minister and his allies allegedly made $1.1 billion dollars and the state oil company $210 million.
The Economic and Financial Crimes Commission filed suit Tuesday in the federal high court charging former petroleum minister Dan Etete, former justice minister Mohammed Bello Adoke and businessman Aliyu Abubakar with fraud and money laundering of hundreds of millions of dollars in the sale of the bloc.
The story of the Malabu OPL 245 oil bloc already is being investigated in the United States, Britain, Italy and France.
Earlier this year, Italian prosecutors raided the headquarters of Shell in The Hague and Eni in Milan.