Royal Dutch Shell Plc  .com Rotating Header Image

Posts under ‘Dan Etete’

OPL 245: Swiss ruling paves way to share documents in Nigeria oil graft case

Eni and Shell bought the OPL 245 offshore field for about $1.3 billion in a deal that spawned one of the industry’s largest corruption scandals. It is alleged that about $1.1 billion of the total was siphoned to agents and middlemen.

By Stephanie Nebehay: Fri, 21st Dec 2018 

GENEVA, Dec 21 (Reuters) – A Geneva prosecutor is reviewing material in a suitcase seized nearly three years ago to decide what can be shared with Italian authorities in a case involving oil majors Eni and Royal Dutch Shell and corrupt payments in Nigeria, his office said on Friday.

The prosecutor received the green light after Switzerland’s top court, the Federal Tribunal, rejected an appeal by Nigerian defendant Emeka Obi to prevent his bag from being unsealed.

The Lausanne court’s Nov. 8 ruling, published online, said that the confiscated material – including documents, an external hard drive, British and African passports, and USB keys – could have “potential pertinence” in the criminal investigation and the sealing could be lifted without violating Swiss law. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

OPL 245: Italy judge says evidence shows Eni, Shell knew of Nigerian graft

In her reasoning, judge Barbara alleged that Shell executives, including Brinded, had known that Etete would keep a part of the purchase price for himself and use the rest to “pay people”, including Nigerian politicians and public officials…

Emilio Parodi: DECEMBER 17, 2018 / 11:40 AM

* Eni, Shell knew of graft surrounding Nigeria deal – judge

* Both firms fully aware of ‘sharks’ circling the deal – judge

* Eni says judge does not have all the evidence to hand

* Shell says no basis to convict it or former Shell staff

MILAN, Dec 17 (Reuters) – An Italian judge said on Monday oil majors Eni and Royal Dutch Shell were fully aware their 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials.

Italy’s Eni and Shell bought the OPL 245 offshore field for about $1.3 billion in a deal that spawned one of the industry’s largest corruption scandals. It is alleged that about $1.1 billion of the total was siphoned to agents and middlemen.

The Milan judge made the comment in her written reasons for the September conviction of Nigerian Emeka Obi and Italian Gianluca Di Nardo, both middlemen in the OPL 245 deal, for corruption. The pair were jailed for four years. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

OPL 245: Shell, Eni Face $1.1 Billion Nigerian Lawsuit Over 2011 Deal

By Kelly Gilblom: 13 December 2018, 11:16 GMT: Updated on 13 Dec 2018, 14:04 GMT

  • Nigeria seeks to recoup money in oil deal it calls corrupt

  • Companies facing criminal charges over same block in Milan

The government of Nigeria is suing Royal Dutch Shell Plc, Eni SpA and other companies for more than $1 billion over a 2011 oil deal it says was tainted by corruption.

The suit, filed Wednesday in London, alleges that money the companies paid to acquire an oil exploration license in the Gulf of Guinea was diverted to bribes and kickbacks, the Nigerian government said in a press release. The transaction is already the subject of a separate, ongoing criminal trial in Milan. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

OPL 245: Nigeria files $1.1 bln London lawsuit against Shell, Eni over oil deal

Nigeria files $1.1 bln London lawsuit against Shell, Eni over oil deal

* Nigeria also suing JPMorgan over transfers for same deal 

LONDON, Dec 13 (Reuters) – The Nigerian government said it had filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni 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.

Milan prosecutors allege bribes totalling around $1.1 billion were paid to win the licence to explore the field which, because of disputes, has never entered into production. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

OPL 245: New Leaked Emails

NEW YORK NOV 26, 2018

Once the Zabazaba and Etan Integrated Development Project comes on stream in 2020, Nigeria will lose out on 30 per cent of all revenues from crude oil sales made from the field. This is thanks to the resolution agreement on the ownership of Oil Prospecting Licence (OPL) 245 proposed by oil giants Royal Dutch Shell and Eni S.p.A. in 2010 and signed by the Goodluck Jonathan administration.

According to industry experts, the #0percent revenue loss will be $4.5billion at the minimum, and could be up to $5.8billion.   read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

OPL 245 NEWS 26 November 2018

A court in Milan is considering charges of corruption against Eni and Shell in a controversial oil deal that led to Nigeria losing an estimated $6bn.

The campaign group Global Witness has calculated the OPL 245 deal in 2011 deprived Nigeria of double its annual education and healthcare budget.

Eni and Shell are accused of knowing the money they paid to Nigeria would be used for bribes.

The Italian and Anglo-Dutch energy giants deny any wrongdoing. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

OPL 245 “REALLY UNHELPFUL EMAILS” AS DESCRIBED BY SHELL CEO BEN VAN BEURDEN IN A CLASSIC UNDERSTATEMENT

Emails exchanged between senior Shell staff including John Copleston and Guy Colegate show they knew a massive payment would go to convicted money launderer and former oil minister Dan Etete.

UPDATED SUNDAY 4 NOVEMBER 2018

By John Donovan

During a wiretapped telephone conversation held on 17 February 2016 between Royal Dutch Shell Chief Executive Officer Ben van Beurden and Simon Henry, his then CFO, BvB made reference to what he described as “really unhelpful emails” relating to the Shell/Eni Nigerian corruption scandal.

The call took place hours after Shell’s HQ building in The Hague was raided by authorities investigating the OPL 245 Nigerian oil deal. Two middle men have already been found guilty of involvement in the $1.3 billion corruption scandal. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

OPL 245: Eni did not make thorough checks in Nigeria deal – former board member

Emilio Parodi: OCTOBER 31, 2018 / 6:57 PM

MILAN (Reuters) – Eni made no thorough background checks on a middleman it hired to broker a $1.3 billion Nigerian acquisition, a former board member of the Italian oil group told a Milan court.

Milan prosecutors allege bribes totaling around $1.1 billion were paid, including to middleman Emeka Obi, in the 2011 purchase by Eni and Anglo-Dutch peer Royal Dutch Shell of Nigeria’s OPL 245 offshore oilfield.

The prosecutors allege the bribes were paid to win the license to explore the field which, because of disputes, has never entered into production. Shell expects the landmark corruption trial to last many months. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell Legal Director Donny Ching, asks staff not to speculate about first verdicts in OPL 245 corruption trials 

Shell Legal Director Donny Ching (above) effectively outlaws internal discussion among Shell staff of the first chilling verdicts in the OPL 245 trial.

It is a heavyweight ask directed at all Shell staff, effectively outlawing internal discussion of the OPL 245 litigation, when the ask in question comes from the Legal Director and board member of Royal Dutch Shell Plc. Who would dare, under the circumstances, to discuss such a self-evidently taboo subject with colleagues? 

RELATED REUTERS ARTICLE

By John Donovan

Printed below is a leaked Shell internal memo sent to all Shell staff by Donny Ching, Legal Director of Royal Dutch Shell Plc.

It provides proof of the understandable great sensitivity attached to the criminal trials in Milan Italy stemming from the Nigerian OPL 245 corruption scandal.

The two middlemen defendants in the fast-track OPL 245 trial cited by Mr Ching have already been found guilty and sent to jail for four years.

In his message to all Shell staff, Mr Ching asks them not to engage in speculation on the verdicts on middlemen Emeka Obi and Gianluca di Nardo and how they might relate to the trial involving Shell and four of Shell’s “former employees.” Two of them being former MI6 people hired by Shell, as confirmed by RDS CEO Ben van Beurden. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Two middlemen convicted of corruption over Shell and Eni Nigerian oil field deal

Nigerian Emeka Obi and Italian Gianluca Di Nardo sentenced to four years in prison as judge orders seizure of more than $120m: …this judgment will send shivers down the corporate spines of the oil industry — and will surely alarm Shell and Eni employees and shareholders who have been repeatedly told that there was nothing amiss with the OPL 245 deal.

Italian prosecutors allege that hundreds of millions of dollars from the 2011 sale of a field was distributed as bribes ( Reuters )

Two middlemen have each been sentenced to four years in prison for corruption offences in the first ruling of a huge bribery trial involving oil giants Shell and Eni. A judge also ordered the seizure of more than $120m from the pair.

Nigerian Emeka Obi and Italian Gianluca Di Nardo were convicted of international corruption by a Milan court for their role in a $1.1bn deal for rights to one of Nigeria’s most promising oil blocks. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

First Testimony in OPL 245 Nigerian Oil Corruption Trial

In his testimony, Ferri described the high points of the investigation, which included working with agents from the Metropolitan Police in London, U.S. authorities and Dutch police. His testimony touched on wiretaps, a raid on Shell headquarters in the Netherlands and tracing money transfers from Great Britain to Nigeria ..facing charges are Malcolm Brinded, former chief exploration director at Shell, and Peter Robinson, a former vice president for sub-Saharan Africa at Shell.

CAIN BURDEAU: Sept 28, 2018

CASTELBUONO, Sicily (CN) — A massive corruption trial in Milan involving Royal Dutch Shell, Italy-based Eni and a lucrative offshore Nigerian oil field is underway.

The court heard the first testimony in the case Wednesday and Friday. More hearings are scheduled until the end of October.

The trial centers on allegations of a sprawling $1.3 billion bribery deal that involved Royal Dutch Shell Plc. and Italy-based Eni S.p.A. executives. The oil giants allegedly worked out a corrupt deal with Nigerian officials, including then-President Goodluck Jonathan, to buy a much-coveted oilfield off the coast of Nigeria, known as OPL 245. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Conviction Of Nigerian Oil Deal Middlemen Spells Trouble For Shell and Eni On Eve Of Major Trial

Thursday, September 20, 2018   19.36PM / By Global Witness 

Conviction in middlemen’s fast-tracked OPL 245 trial a poor omen for Shell and Eni’s defence just days before major bribery trial hears first prosecution witnesses.

Today two middlemen have been found guilty of corruption offences relating to Shell and Eni’s 2011 deal for one of Nigeria’s most promising oil licenses. The judgement was first reported by Reuters who cited a legal source.

The two middlemen Emeka Obi and Gianluca Di Nardo have been sentenced to four years jail time and confiscations of over €100 million. The pair had opted for a fast tracked trial for their role in the deal. The fast track process in Italian law offers a possible reduction in any sentence. A larger trial including Shell, Eni and 13 other defendants is ongoing. The prosecution will start presenting their evidence next Wednesday. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

OPL 245 oil fraud first verdict – guilty

…this judgment will send shivers down the corporate spines of the oil industry – and will surely alarm Shell and Eni employees and shareholders who have been repeatedly told that there was nothing amiss with the OPL 245 deal.”

A Nigerian man and his accomplice in Italy were on Thursday sentenced to four years each for their roles in the controversial Malabu oil deal, marking the first victory for Italian prosecutors in the complex corruption case.

The deal, struck in 2011 under President Goodluck Jonathan, saw the Nigerian government stand as a negotiator in the controversial sale of OPL 245 oil block in offshore Nigerian waters.

Two international oil and gas giants, Royal Dutch Shell and Italian Agip-Eni, paid out about $1.1 billion to Dan Etete, a former Nigerian petroleum minister who had previously been convicted of money laundering in France. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Nigeria: Malabu Oil Scandal – Shell, Eni’s Trial Gets First Verdict in Italy

19 SEPTEMBER 2018: 

An Italian court has concluded plans to deliver its first verdict on the trial of top Shell and Eni executives, over alleged corruption in the controversial Malabu scandal tomorrow in Milan, Italy.

The Italian prosecutors alleged that $1.1 billion from the deal didn’t come into Nigeria where the oil field OPL 245 is located, but to accounts belonging to former Minister of Petroleum, Mr. Dan Etete.

The Italian judge, it was learnt will decide, for the first time, whether $1.1 billion of the sum paid was siphoned in bribes to win the license to the field. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell, Eni Facing Massive Corporate Corruption Case Over $1.3 Billion Nigerian Oil Field

The trial starts this week, with defendants that include former Shell Vice President for sub-Saharan Africa Peter Robinson, and former company board member Malcolm Brinded.

BY JOHN SMITHIES, EPOCH TIMES September 17, 2018 Updated: September 17, 2018

LONDON—Senior executives from oil giants Royal Dutch Shell and Eni are facing corruption charges in Milan over a $1.3 billion deal for a huge African oil field.

Italian prosecutors allege that $1.1 billion from the deal didn’t go to Nigeria, where the oil field OPL 245 is located, but to accounts belonging to former oil lawmaker Dan Etete. Etete is accused of subsequently distributing hundreds of millions of dollars to others as bribes, including to former Nigerian President Goodluck Jonathan. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell and Eni face one of the biggest corruption cases in corporate history over $1.3bn Nigerian oil field

Time running out for prosecutors to obtain potentially crucial documents seized in Geneva apartment raid

Ben Chapman: @b_c_chapman

Giant oil companies, offshore accounts, ex-MI6 agents, champagne lunches, a former Nigerian president and allegations of one of the biggest bribes ever paid – the corruption case against Shell and Italy’s Eni filed by prosecutors in Milan over a shady $1.3bn deal for a vast African oil field has could have been lifted from the pages of an espionage thriller.

The latest developments thicken the plot further with a cache of documents seized in a raid on a Swiss financier’s apartment that could be crucial to the case, leaving prosecutors in a race against time to get them to Milan as trial hearings get underway this week.

The Geneva raid uncovered a briefcase belonging to Emeka Obi, a middleman who received millions of dollars from the deal and is in the dock along with several senior Shell and Eni executives.

Inside the briefcase, Swiss prosecutors found a laptop, two Nigerian passports, five sim cards and a hard drive containing 41,000 documents that prosecutors believe could be crucial to the trial playing out on the other side of the Alps. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
%d bloggers like this: