ENI Archives - Jean-Jacques Cornish https://jjcornish.com/tag/eni/ The low down on African affairs Sun, 25 Nov 2018 22:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://i0.wp.com/jjcornish.com/wp-content/uploads/2020/05/cropped-Fountain_Pen_favicon-812.png?fit=32%2C32&ssl=1 ENI Archives - Jean-Jacques Cornish https://jjcornish.com/tag/eni/ 32 32 Nigeria loses $6 billion to oil companies’ fraud https://jjcornish.com/2018/11/nigeria-loses-6-billion-to-oil-companies-fraud/ Sun, 25 Nov 2018 22:00:00 +0000 https://jjcornish.com/2018/11/nigeria-loses-6-billion-to-oil-companies-fraud/ A court in Milan is considering charges against oil multinationals Eni and Shell for allegedly defrauding Nigeria of $6-billion in petroleum revenue. The oil companies say they’re innocent in what could become one of the biggest corruption cases in history The corruption, conflict and environmental abuse watchdog Global Witness says Eni and Shell knew full […]

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]]> A court in Milan is considering charges against oil multinationals Eni and Shell for allegedly defrauding Nigeria of $6-billion in petroleum revenue.
The oil companies say they’re innocent in what could become one of the biggest corruption cases in history
The corruption, conflict and environmental abuse watchdog Global Witness says Eni and Shell knew full well that their payments securing exploration rights to the Nigerian bloc 245 seven years ago would stick to corrupt fingers.
The court is looking at evidence that in order to secure exploration rights, the oil companies altered earlier contractual terms depriving  Nigeria of billions in revenue.
Global Witness reckons the amount stolen would pay for   twice the Nigerian giant’s annual education and health care budget.

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]]> Anti corruption watchdogs uncover “worst scandal in history of oil industry” https://jjcornish.com/2017/04/anti-corruption-watchdogs-uncover-worst-scandal-history-oil-industry/ Mon, 10 Apr 2017 22:00:00 +0000 https://jjcornish.com/2017/04/anti-corruption-watchdogs-uncover-worst-scandal-history-oil-industry/ Anti-corruption watchdogs have produced leaked e-Mails showing Shell knowingly bribed ministers in the Nigerian government to get access to a massive oil field. They’re calling this one of the worst corruption scandals in the history of the oil industry The evidence from anti corruption charities Global Witness and Finance Uncovered is being examined by prosecutors in […]

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]]> Anti-corruption watchdogs have produced leaked e-Mails showing Shell knowingly bribed ministers in the Nigerian government to get access to a massive oil field.

They’re calling this one of the worst corruption scandals in the history of the oil industry

The evidence from anti corruption charities Global Witness and Finance Uncovered is being examined by prosecutors in Holland and Italy.

They’re looking at how Royal Dutch Shell and the Italian oil company ENI bought a Nigerian oil field in 2011.

The field holds nine billion barrels of oil worth half a trillion dollars.

The companies paid $1,3 billion for it They dealt with former Nigerian oil minister Dan Etete.

The watchdogs say more than $400 million of this went to then Nigerian President Goodluck Jonathan and members of his government.

Jonathan’s denied this.

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