Shell is pushed to explain its role in $1.1bn Nigerian corruption scandal

Ben van Beurden, the new head of Shell, faced a packed room of global investors on Tuesday at the oil group’s annual shareholder meeting. In post since March, the 56-year-old Dutchman can expect probing questions about cash flows, capital efficiency, investment projections and so forth.

The list is unsurprising; with investors, it all comes down to the money. How is their capital being spent, what returns is it making and when can they expect to see the profits? It’s curious, therefore, that it took a charity, rather than an investor, to inquire about Shell’s role in a $1.1bn corruption scandal in Nigeria. Read more…