Saturday, 18 November 2023 05:03

Shell confirms FG’s withdrawal of oilfield claim

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Shell confirmed on Friday that Nigeria withdrew civil claims totalling $1.1 billion against it in relation to allegations of corruption in a 2011 oilfield deal.

"We are pleased that this claim has been withdrawn. It brings to an end to all legal cases against Shell on OPL 245 in Italian courts," a Shell spokesperson said in a statement.

In 2021, an Italian court acquitted Shell, Eni, the operator of the OPL 245 oilfield, and company executives of corruption allegations in the acquisition of the field a decade earlier.

Eni confirmed Nigeria had withdrawn the claim on Thursday.

 

Reuters

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