Tags: Italy | Eni | Shell Corruption Trial

Shell, Eni Acquitted in Nigeria Oil Corruption Case

Shell, Eni Acquitted in Nigeria Oil Corruption Case

Wednesday, 17 March 2021 04:00 PM EDT

MILAN (AP) — A court in Milan on Wednesday acquitted oil giants Shell and Italy’s Eni of corruption charges in a $1.1 billion bribery case involving control of a lucrative Nigerian oil block.

In addition to the companies, Eni’s current CEO, his predecessor and a former Nigerian oil minister were among 13 defendants acquitted after a three-year trial involving the 2011 purchase of the OPL 245 offshore oil field.

Non-governmental organizations and activists expressed outrage at the verdict and called on Milan prosecutors to appeal. The court has 90 days to issue its reasoning.

“This verdict must not mark a return to business as usual,’’ Global Witness senior campaigner Barnaby Pace said in a statement. “It is no vindication for either company, nor the industry as a whole who continue to put our planet at risk and cut short the lives of its inhabitants with their toxic practices.”

Milan prosecutors alleged that $520 million of the $1.1 billion paid into an escrow account for the acquisition was converted into cash and distributed as bribes, while several hundred million more went to a former oil minister.

Both Anglo-Dutch Shell and Eni, which is 30% owned by the Italian state, denied wrongdoing.

Eni welcomed the verdict, saying in a statement that the court “has finally established that the company, the CEO Claudio Descalzi and the management involved in the proceedings have all behaved in a lawful and correct manner.”

Along with Descalzi, predecessor Paolo Scaroni and the former Nigerian minister, the Milan court acquitted two former top Shell executives and a series of middlemen and advisers.

Defense lawyers argued that Eni and Shell had not paid bribes but to obtain a license for the oil block and that all discussions remained on a technical-economic level.

© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
A court in Milan on Wednesday acquitted oil giants Shell and Italy's Eni of corruption charges in a $1.1 billion bribery case involving control of a lucrative Nigerian oil block. In addition to the companies, Eni's current CEO, his predecessor and a former Nigerian oil...
Italy,Eni,Shell Corruption Trial
292
2021-00-17
Wednesday, 17 March 2021 04:00 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved