Shell, Eni to stand trial on alleged corruption in Nigeria

Reading Time: 2 minutes An Italian judge has ordered oil majors Royal Dutch Shell and Eni to stand trial over alleged corruption in Nigeria with the CEO of Eni among past and present managers involved, legal sources said on Wednesday. The judge set March 5 as the date for the trial to begin, the Reuters reports. All the parties involved have previously denied any wrongdoing. The case revolves around the purchase in 2011 of Nigeria‚Äôs OPL-245 offshore oil block by Eni and Shell for about $1.3 billion. OPL-245 has generated a lot of controversies in Nigeria. Recently, the Economic and Financial Crimes Commission asked … Continue reading Shell, Eni to stand trial on alleged corruption in Nigeria