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Nigeria Withdraws $1.1 Billion Civil Claims Against Shell: Corruption Allegations in 2011 Oilfield Deal Settled

Fraud, Bribery & CorruptionNigeria Withdraws $1.1 Billion Civil Claims Against Shell: Corruption Allegations in 2011 Oilfield Deal Settled

Shell has officially announced that Nigeria has withdrawn civil claims amounting to $1.1 billion against the company related to corruption allegations in a 2011 oilfield deal. A spokesperson for Shell expressed satisfaction with the withdrawal, stating that it concludes all legal cases against Shell concerning OPL 245 in Italian courts. In 2021, an Italian court had acquitted Shell, as well as Eni (the operator of the OPL 245 oilfield) and company executives, of corruption charges associated with the acquisition of the field ten years prior. Eni also confirmed Nigeria’s withdrawal of the claim.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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