The British police are probing an allegation that a $1.3 billion Nigerian oil bloc deal involving Royal Dutch Shell and Italy's Eni SpA may have involved money laundering.
Most of the money was allegedly paid to a company linked with Nigeria’s former Minister of Petroleum Dan Etete. Nigerian President General Sani Abacha appointed Etete Minister of Petroleum in March 1995 and he served in that role until 1998, when he went into exile following Abacha’s death. In 2007 Etete was convicted of money laundering in France.
Last week a British High Court issued a judgment, Shell and its by-then-partner ENI paid the federal government $1.3 billion, including a $207 million signature bonus paid into a government account, in return for the right to operate the offshore OPL 245 bloc concession .... http://www.blacklistednews.com
Last week a British High Court issued a judgment, Shell and its by-then-partner ENI paid the federal government $1.3 billion, including a $207 million signature bonus paid into a government account, in return for the right to operate the offshore OPL 245 bloc concession .... http://www.blacklistednews.com
