Petroleum Africa
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Monday, January 30, 2017
In Nigeria a court has ordered the temporary forfeiture of any assets held by Shell and ENI. The asset is the long-disputed OPL 245. The forfeiture will last until the government is satisfied with the outcome of the investigation.
This is not the first investigation into the acquisition; Shell and ENI have faced a myriad of inquiries into their acquisition of OPL 245, including from Dutch and Italian authorities.
“We are aware of media reports but we have not received any notification,” a spokesman for Italian oil major ENI said in an email to Reuters. The Reuters report said Nigeria’s Economic and Financial Crimes Commission (EFCC) filed the papers to the court in the capital Abuja on January 11.
According to court papers the inquiry will investigate whether the $1.3 billion purchase of OPL 245 involved ‘acts of conspiracy, bribery, official corruption and money laundering.’
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