Shell, Eni dined with Etete before paying N155bn in Malabu scandal

More evidence has emerged to show that global oil giants, Shell and ENI, were very much aware that they were paying over a billion dollars to an ex-con in a shady deal over a Nigerian oil bloc.

Despite insisting that they had no previous knowledge that a huge chunk of the $1.1billion (N155 billion) they paid to the Nigerian government for oil block OPL-245 will be transferred to Malabu Oil, owned by convicted felon Dan Etete, proceedings from a recent U.K. High Court case shows that Shell, and Italian energy giant, ENI, were aware of the final destination of the money. Read more

About Author: Integrity Org

Integrity Organization is committed is an anti-corruption, research and advocacy organization. Its activities are centered on the aim to reduce the tolerance for corruption in Nigeria.

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