May 21, 2024
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Nigeria Withdraws $1.1 Billion Claim against Eni on Oilfield Deal

Nigeria is reportedly dropping civil claims amounting to $1.1 billion against Italian energy company Eni and related to corruption allegations in an oilfield deal.

The Nigerian justice ministry is said to be waiving the claims unconditionally before Italy’s highest court by November 17, according to Bloomberg News.

An Eni spokesperson confirmed receiving the letter regarding the OPL 245 field and expressed satisfaction with the Nigerian government’s decision.

The energy group added it was ready to consider the necessary steps for achieving the conversion of the licence from prospecting into mining, to ensure development perspectives for the field, with the collaboration of the Nigerian government.

In 2021, a Milan court acquitted Eni, its CEO, and Shell in a corruption case related to the acquisition of the Nigerian oilfield.

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