Category: Crime

OPL 245: Disclose that Eni, Shell were aware of corruption, says Italy judge

An Italian judge on Monday averred that oil groups Eni and Royal Dutch Shell were fully aware that their 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials. Italy’s Eni and Shell bought the OPL 245 offshore field for about $1.3 billion in a deal that that has…

Alleged N4.75bn, $5m fraud: Court Admits Former Skye Bank Chairman, MD

…Each gets N50m bail The Managing Director of the defunct Skye Bank, Timothy Oguntayo and Chairman defunct Skye Bank Plc, Dr Tunde Ayeni The Federal High Court, Abuja Monday admitted former Chairman of the Board of now defunct Skye Bank Plc, Dr Tunde Ayeni, and the Managing Director of the Bank Timothy Oguntayo to bail…

IPMAN Commends Supreme Court Judgment Declaring Okoronkwo as National President

… Court awards N 2milion fine against Lawson Obasi Members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has commanded a recent Supreme  Court judgment in Abuja, which declared Elder Chinedu Okoronkwo as the national president of the association. The marketers gave the commendation in a statement issued by their National Secretary, Alhaji Danladi…

Court Case: NB to appeal Court ruling on Amstel Malta wrongful use of “low sugar” claim – Counsel

Nigerian Breweries Plc, has said it will appeal a recent ruling by an Edo High Court in the case of Prof. Ernest Izevbigie vs Nigerian Breweries Plc. The court had ordered Nigerian Breweries to apologise to one of its customers, Mr Izevbigie, who had brought a suit against the company for allegedly wrongfully inscribing “low…

FG Sues Shell, Eni In London Court Over Malabu Oil Deal

The federal government has filed a $1.1 billion suit against Royal Dutch Shell Plc, Eni and other companies for a 2011 Malabu oil deal saying it was tainted with corruption. Reuters reports that the suit, which was filed on Wednesday in London, said the money paid by the companies was diverted to bribes and kickbacks.…