Home Business Nigeria Loses $1bn Bribery Suit Against Shell, Eni In UK

Nigeria Loses $1bn Bribery Suit Against Shell, Eni In UK

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Nigeria has lost in a $1bn bribery suit she filed against oil giants, Royal Dutch Shell and Eni at a court in the United Kingdom.

This follows the dismissal of the suit by Christopher Butcher, the judge who ruled on Friday on the controversial Malabu oil deal which started in 2011.

According to the Judge, England has no jurisdiction to try the case as it involves the same essential facts as a separate Italian criminal case.

Bittertruth Media recalls that the Nigerian government had claimed that money the companies paid to acquire the oil exploration licence in 2011 was diverted to bribes and kickbacks.

The deal involved the payment of $1.1bn by oil giants, Shell and Eni, to the Federal Government accounts in 2011 for OPL 245.

The OPL 245 was alleged to have been bought by the former Minister of Petroleum Resources, Dan Etete under suspicious circumstances in 1998.

Meanwhile, the Nigerian Government has vowed to seek permission to appeal the ruling.

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