Nigeria Withdraws $1.1 bln Claim against Eni on Oilfield Deal

Nigeria is withdrawing civil claims totalling $1.1 billion against Italian energy group Eni and related to allegations of corruption in a oilfield deal, Bloomberg News reported on Thursday.

The West African country’s justice ministry will waive the claims before Italy’s highest court “unconditionally” and “with immediate effect” no later than Nov. 17, the report said citing a letter regarding the OPL 245 field and seen by the newswire.

Responding to a request for comment, an Eni spokesperson confirmed that the group had received the letter regarding OPL 245, and said it was pleased about the Nigerian government’s decision.

Related Posts

• 
  Accugas Awards Scholarship to 50 Students in Akwa Ibom
• 
  Eni Unveils Luiss University International Network
• 
  Ghana Petroleum Commission Chief says more Flexible Oil Royalties Regime to Spur Investment
• 
  Milan Court Rejects Nigeria’s Compensation Request Against Eni, Shell
• 
  Shell Bags Medals at NAPE Conference
• 
  Worldstage Economic Summit 2023: Stakeholders Strategises for Power Success

The energy group added it was ready to consider – together with the government of Nigeria – the necessary steps for achieving the conversion of the licence from prospecting into mining, to ensure development perspectives for the field.

In 2021 a Milan court acquitted Eni, its chief executive and Shell over a corruption case revolving around the acquisition of the Nigerian oilfield.