Shell and Eni to face court in Nigerian corruption case

The Italian authorities are taking oil companies Shell and Eni to court in what could prove one of the largest corruption scandals in recent times, reports Finans.

Eni CEO Claudio Descalzi is involved in the court case. | Photo: Eni

Oil companies Shell and Eni have been charged with corruption in connection with the acquisition of an oil field off the coast of Nigeria and are now facing the Italian authorities in court, reports Finans.

The authorities have taken the two oil companies to court and claims they were involved in corruption and bribery in carrying out the acqusitiion. In 2011, the two oil companies bought the oil field off the coast of Nigeria for USD 1.3 billion, but according to the prosecutor, not all the funds ended in up in the hands of the Nigerian state. Instead, some of the profit allegedly went to leading Nigerian politicians.

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