oil & gas assets
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Shell to be prosecuted for alleged corruption in Nigeria oil deal

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Shell is facing production in the Netherlands over alleged corruption regarding the acquisition of the OPL 245 block offshore Nigeria in 2011, Reuters reported. The Anglo-Dutch supermajor and Italy’s Eni paid $1.3 billion for the offshore asset to the Nigerian government. Of the total acquisition price, $1.1 billion was allegedly used to bribe businessmen and politicians to secure the deal, according to the report. Eni and Shell have both denied knowledge of any wrongdoing at that time. The case is already......
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