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Posts under ‘Barnaby Pace’

OPL 245: Milan Court Decision Day Tomorrow on Shell ENI

Tomorrow an Italian court is expected to make a decision on launching criminal proceedings against the oil giants ENI and Royal Dutch Shell in regards to the $1.3bn OPL 245 corruption scandal.

Two oil giants could face trial in Italy over Nigerian deal

OPL 245: Shell admits it knew payments would go to convicted money launderer


SHELL U-TURN

Yesterday Global Witness and Finance Uncovered exposed leaked emails that revealed Shell knowingly participated in a vast bribery scheme for one of Africa’s most valuable oil blocks, which deprived Nigeria and its people of $1.1billion.

Global Witness’ investigations into the case have exposed how Shell’s most senior decision-makers knew that the money they paid for oil block OPL 245 would go to convicted money launderer and ex-Nigerian oil minister Dan Etete, via his Malabu company – rather than to benefit the Nigerian people. For six years, Shell has consistently denied any wrong-doing, saying it only paid the Nigerian government.

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New leaked emails put Shell at centre of billion dollar bribery scheme…

READ ATTACHED SENSATIONAL 12 PAGE DOCUMENT INCLUDING SHELL INTERNAL EMAILS FROM SHELL’S FORMER MI6 AGENTS

By Barnaby Pace

Oil giants Shell and Eni knowingly participated in a vast bribery scheme for one of Africa’s most valuable oil blocks which deprived Nigeria and its people of $1.1billion, an exposé by Global Witness and Finance Uncovered reveals today.

New, leaked internal emails seen by Global Witness and Finance Uncovered show that Shell’s most senior decision-makers knew that the money they paid for oil block OPL 245 in 2011 would go to convicted money launderer and ex-Nigerian oil minister Dan Etete – rather than to benefit the Nigerian people.

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LEAKED EMAILS SHOW SHELL AND ENI CONSPIRING TO HIDE PAYMENT IN CORRUPT OPL 245 DEAL


Global Witness has published leaked emails between Eni and Shell officials conspiring to arrange the OPL 245 deal

Italian prosecutors are seeking separate charges against four senior Shell executives including current Shell Foundation Chairman Malcolm Brinded, who was head of Global Exploration and Production at the time of deal.

3rd March 2017

Oil giants Shell and Eni face historic criminal charges over a tainted $1.1 billion deal struck for Nigerian oil block OPL 245 in 2011, Global Witness reported today.  According to charges filed by Nigerian law enforcement agency, the Economic and Financial Crimes Commission (EFCC) at the High Court in Nigeria’s capital, Abuja, Eni, Eni’s Nigerian subsidiary Nigerian Agip Exploration Limited and Shell’s Nigerian subsidiary Shell Nigeria Exploration Production Company Limited are accused of conspiring to commit “Official Corruption contrary to Section 9 of the Corrupt Practices and Other Related Offences Act, 2000”. Former Nigerian Justice Minister Mohammed Adoke and former Oil Minister Dan Etete were also charged with official corruption for recieving over $800m from Shell and Eni. This is the first time that the two oil companies have been charged in Nigeria for their role in the deal.

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Italian prosecutors seek trial of Shell Foundation Chairman Malcolm Brinded on OPL 245 Corruption Charges

ITALIAN PROSECUTORS SHOW ALL EQUAL BEFORE THE LAW AS THEY REQUEST TRIAL OF SHELL, ENI, SENIOR EXECUTIVES AND FORMER NIGERIAN OFFICIAL FOR CORRUPTION OFFENCES OVER OPL 245 DEAL

9th February 2017 – Sources close to Italian law enforcement today confirmed that they have requested that Shell, Eni and several Eni senior executives including the current CEO Claudio Descalzi, be sent to trial for alleged international corruption offences over the 2011 purchase of the massive Nigerian OPL 245 oil block. Italian prosecutors also requested that former Nigerian Oil Minister Dan Etete and several other individuals be sent to trial, and are seeking separate charges against four senior Shell executives including the current Shell Foundation Chairman Malcolm Brinded, who at the time of deal was head of Global Exploration and Production.

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NIGERIAN AUTHORITIES SEIZE BILLION DOLLAR OIL BLOCK FROM SHELL AND ENI


STATEMENT BY GLOBAL WITNESS

Nigeria’s anti-corruption law enforcement agency, the Economic Financial Crimes Commission (EFCC) has secured a court order in the Federal High Court of Abuja mandating the return of oil block OPL 245 to the Government, following an investigation into corruption allegations over how the deal was done. The historic news shows exactly why a landmark transparency rule now under threat from Republican lawmakers in the US is so important.

In 2011, Shell and Eni paid $1.1 billion to Malabu Oil and Gas, a front company secretly owned by a former Nigerian oil minister  This crooked deal deprived Nigeria’s people of a sum worth 80% of its 2015 healthcare budget. Shell and Eni have always denied that they knew the money would go to Malabu, but documents seen by Global Witness show that the companies constructed the deal knowing that the money would flow ultimately to Etete’s company. The block in has been estimated to hold as much as 9.23 billion barrels in probable reserves, investors face substantial losses from a backroom deal they knew nothing about.

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Explosive allegations around Shell and Eni’s OPL 245 deal

The Italian paper Il Fatto has published a piece with some explosive allegations about the OPL 245 deal being made by the Milan prosecutors’ at the conclusion of their investigation into Eni and Shell’s role in the OPL 245 case.

Pdf of the related Milan prosecutors notice OPL 245 investigation

Comments on this development are as follows: 

“Shady deals allow corrupt elites to profit at the expense of ordinary citizens.  Shell and Eni now have to answer to the Italian courts, the public and their shareholders for their part in the corrupt deal for OPL 245 – oil companies can’t get away with this kind of behaviour any longer” said Barnaby Pace, Campaigner at Global Witness. 

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