Tag: Eni
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VIDEO: Auditorium, two overflow halls filled; hundreds in queues as Apostle Selman shares 6000 bags of rice to mark birthday
Apostle Joshua Selman, a renowned Nigerian preacher and founder of Eternity Network International (ENI), marked his 45th birthday on Wednesday.
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Malabu scandal: Milan court acquits Shell, ENI
A Milan court on Wednesday acquitted energy companies ENI and Shell in Nigeria’s oil industry’s biggest corruption scandal. Also acquitted by the court was a long list of past and present managers of the firms, including Eni Chief Executive Claudio Descalzi. The verdict, read out in court by judge Marco Tremolada, comes more than three…
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Heirs Holdings Acquires 45% of OML 17 from Shell, Total and ENI
Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings…
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Malabu: Eni rejects Nigeria’s demand for upfront payment of $1.1bn
Italian oil giant Eni, has rejected Nigeria’s demand for an upfront payment of $1.092 billion from damages it suffered over OPL 245 oil block. Nigeria had on Wednesday demanded an upfront payment of $1.092 billion from Royal Dutch Shell and Eni in damages it suffered over OPL 245 oil block. At a hearing into alleged…
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Malabu: Nigeria in Milan court demands $1.1 billion from Shell, ENI
Nigeria has demanded an upfront payment of $1.092 billion from Royal Dutch Shell and Italian oil giant ENI in damages it suffered over OPL 245 oil block. Nigeria made the demand on Wednesday in a court in Milan, Italy that is conducting the world’s biggest oil industry corruption trial. At a hearing into alleged corruption…
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Malabu: English court throws out Nigeria’s $1.1bn suit against Shell, Eni
An English court in a virtual sitting on Friday threw out a $1.1 billion case filed by Nigeria against oil companies, Royal Dutch Shell and Eni over the OPL 245 oilfield. Justice Christopher Butcher, the judge assigned to the matter, while giving his ruling at the virtual hearing today, held that the court does not…
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Malabu: Swiss government block bank accounts linked to Eni, Shell executives
The government of Switzerland has blocked several bank accounts in the country linked to the planned bribery trial of Eni and Shell executives in Milan, Italy, as it relates to the infamous Malabu oil scam. On Monday, the office of the Swiss Attorney-General confirmed that at the request of public prosecutors from Milan, it has…
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Malabu Oil Deal: Accept agreement ceding POL 254 to Shell, Eni – Kachikwu tells Buhari
The Minister of State for Petroleum, Ibe Kachikwu, has advised President Muhammadu Buhari to cede controversial OPL 245 oil bloc to oil firms, Royal Dutch Shell and Eni. According to a report by Premium Times, details of the advice was contained in a leaked memo written by the oil minister in December 2017 asking Mr…
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Italian court orders Shell, Eni to face trial over Malabu oil deal
An Italian federal judge has approved the prosecution of Royal Dutch Shell and Eni in the $1.3 billion controversial sale of OPL 245 oil block, Italian media reports confirmed on Wednesday. The judge in Milan also said Eni executive, Claudio Descalzi, and his predecessor, Paolo Scaroni, should be tried for their role in the deal.…