Nation
$1.3bn Malabu Bribe: Court Acquits Eni, Shell In OPL 245 Trial
After nearly three years of legal fireworks following the first trial, a Milan court, yesterday, acquitted Eni and Shell over a $1.3billion Oil Prospecting License (OPL) bribery allegation.
This was even as Royal Dutch Shell said it will continue to defend charges against it in relation to OPL 245 in Nigeria.
The court had finally established that Eni, its CEO, Claudio Descalzi, and management involved in the proceedings have all behaved in a lawful and appropriate manner.
‘‘Eni has throughout maintained its full confidence in the court’s fair and balanced investigation.
“Today, Eni expresses its gratitude for the trust placed by its stakeholders throughout the course of the trial, particularly in upholding the company’s management and the conduct of its business, and respecting its reputation,’’ Eni said in a statement.
In 2011, Shell reached an agreement with the Federal Government of Nigeria and Eni to settle litigation and arbitration dating back nearly a decade related to OPL 245.
This was an unprecedented situation, where the Federal Government of Nigeria had separately allocated the same block to two different parties: Shell and Malabu.
The 2011 Resolution Agreement, which was negotiated at the highest levels of the relevant government departments, aimed to resolve the long-standing disputes over the block and enable its development, generating economic activity and revenues that all parties would benefit from.
Unfortunately, the block had remained undeveloped.
Commenting on the judgment, Chief Executive of Royal Dutch Shell plc, Ben van Beurden, said “We welcome today’s decision by the Milan tribunal. We have always maintained that the 2011 settlement was legal, designed to resolve a decade-long legal dispute and unlock development of the OPL 245 block.
“At the same time, this has been a difficult learning experience for us. Shell is a company that operates with integrity and we work hard every day to ensure our actions not only follow the letter and spirit of the law, but also live up to society’s wider expectations of us.”
The oil companies had paid $210million as signature bonus to the Federal Government of Nigeria.
In Nigeria, Mohammed Bello Adoke, who was attorney-general of the federation when the OPL 245 dispute was resolved and Malabu Oil & Gas Limited sold the block to the multinational companies in 2011, has always insisted the transaction was legal and legitimate.
In his memoirs, “Burden of Service: The Reminiscences of Nigeria’s Former Attorney-General”, published in 2019, Adoke, who had been accused of corruption in the deal by the Economic and Financial Crimes Commission (EFCC), vehemently denied taking any bribe — “not even a cup of tea or a slice of cake” — in the OPL 245 deal.
Nation
Rumuaholu Community Denies Land Grabbing Allegations, Accuses Obio/Akpor Chairman of Interference in Land Dispute
The Rivers State Commissioner for Education, Dr. Peters Nwagor, has commended the orderly conduct of the ongoing 2026 West African Senior School Certificate Examination in the state and urged schools to sustain the standard.
Dr. Nwagor gave the commendation on Tuesday during a monitoring tour of selected secondary schools in Port Harcourt and environs where the WAEC exam is ongoing.
The commissioner, who was accompanied by directors and monitors from the Ministry of Education, said he was impressed with the peaceful atmosphere at the centres visited.
“The students conducted themselves properly and wrote their papers under conducive conditions. Invigilators and supervisors also performed their duties professionally,” he stated.
Nwagor noted that the Rivers State Government had invested heavily to ensure the smooth and credible conduct of the examination across the state
He urged candidates to reciprocate government’s effort by shunning all forms of examination malpractice and focusing on their studies.
“Government has done so much to ensure successful examinations in our schools. Students should take advantage of it by remaining focused,” the commissioner said.
While no case of malpractice was recorded in the centres inspected, Dr. Nwagor warned that any principal, teacher, invigilator, or official caught aiding malpractice would face strict sanctions in line with regulations.
He also commended school administrators, teachers, WAEC officials, and security personnel for upholding the integrity of the process.
Centres visited included County Grammar School, Ikwerre/Etche; Government Comprehensive Secondary School, Borokiri; Government Secondary School, Borokiri; and Pabod Model Secondary School.