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Shell Says It Faces Dutch Prosecution Over Nigeria Oil License

By Amanda Jordan
1 March 2019, 07:33 GMT

Anglo-Dutch oil giant Royal Dutch Shell Plc said it’s facing potential prosecution in the Netherlands over a license in Nigeria.

“We have been informed by the Dutch Public Prosecutor’s Office that they are nearing the conclusion of their investigation and are preparing to prosecute,” The Hague-based Shell said Friday. The case is related to the 2011 settlement of disputes over Oil Prospecting License 245 in the Gulf of Guinea.

Nigeria is already suing Shell, Eni SpA and other companies for more than $1 billion over the 2011 deal that the government says was tainted by corruption. That suit, filed in December in London, alleges that money the companies paid to acquire the exploration license was diverted to bribes and kickbacks. The transaction is also the subject of a separate criminal trial in Milan.

Shell and Eni have previously denied any wrongdoing in the OPL 245 case. They have said they paid into a legitimate government account to settle legal claims related to the block.


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