The Nigerian government has appealed the judgment of an appeal court in Italy which rejected its $1.1 billion compensation request against Eni, Shell, and others in a civil proceeding over the OPL 245 affair. Italian prosecutors had put the oil companies, and some of their executives on criminal trial over allegations of corruption in the transfer of the oil block from Malabu Oil and Gas Ltd. to Shell and Eni for a consideration of $1.1 billion, in addition to the payment of $200 million as signature bonus to the Nigerian government.
March 30, 2023Italian prosecutors had put the oil companies, and some of their executives on criminal trial over allegations of corruption in the transfer of the oil block from Malabu Oil and Gas Ltd. to Shell and Eni for a consideration of $1.1 billion, in addition to the payment of $200 million as signature bonus to the Nigerian government.
The Nigerian government has appealed the judgment of an appeal court in Italy which rejected its $1.1 billion compensation request against Eni, Shell, and others in a civil proceeding over the OPL 245 affair.Italian prosecutors had put the oil companies, and some of their executives on criminal trial over allegations of corruption in the transfer of the oil block from Malabu Oil and Gas Ltd. to Shell and Eni for a consideration of $1.
“The second reason for the appeal is that the appeal sentence resumed in 35 small pages, only the arguments of the first instance sentence, without even addressing the reasons presented in the appeal of the civil party, which in 150 pages had set out all the elements of evidence which, according to the lawyer representing Nigeria, had been underestimated or ignored in the first instance judgment.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Court Dismisses Forgery Case Against Nigeria’s Junior Petroleum Minister, Sylva | Sahara ReportersThe Federal High Court sitting in Abuja has dismissed a certificate forgery case filed by the Transparency Advocacy for Development Initiative (TADI) against the Minister of State for Petroleum Resources, Chief Timipre Sylva. The court, in a copy of its ruling dated March 8, 2023, dismissed the matter following an application by the lawyer to the plaintiff, Edward Onaga, seeking the withdrawal of the case.
Read more »
Why We Suspended Planned Protest, Strike Over Naira Scarcity —Nigeria Labour Congress | Sahara ReportersThe Nigeria Labour Congress (NLC) has explained why the union suspended its planned protest and strike action over the cash crunch created by the Naira Swap Policy implemented by the Central Bank of Nigeria (CBN). This was stated in a statement released by the union president, Comrade Joe Ajaero, explaining that the reason for the suspension was because of drastic improvement in the situation. The union claimed that Naira notes have begun to circulate, alleviating the hardships that Nigerians have been experiencing as a result of the cash crunch.
Read more »
Suspected Herdsmen Attack Secondary School In Oyo, Southwest Nigeria; Injure Students, Teachers | Sahara ReportersSuspected herdsmen, on Thursday morning, reportedly attacked a public secondary school - Community Grammar School, Alaropo Nla in Oriire Local Government Area of the state. It was gathered that the herders injured a yet-to-be-identified number of students and teachers during the invasion, according to Vanguard. According to eyewitness accounts, over 20 herdsmen allegedly invaded the school with their cattle and injured some of the students and teachers.
Read more »
Groups empower young women against violence | The Guardian Nigeria News - Nigeria and World NewsRotary International, District 9110, Nigeria, in partnership with Lions International, District 404 A1, Nigeria, and Project Alert have organised a symposium to empower young girls against violence.
Read more »
BREAKING: Nigerian High Court Declines Shiites’ Leader, El-Zakzaky’s Request To Recover Seized Passport From Secret Police, DSS | Sahara ReportersThe Federal High Court in Maitama, Abuja has rejected an application filed by Sheikh Ibraheem El-Zakzaky, leader of the Islamic Movement in Nigeria (IMN), also known as the Shiites’ group, asking the Department of State Services (DSS) to release his passport and that of his wife. El-Zakzaky and his wife, Zeenah were freed by the Kaduna State High Court in 2021 after spending over five years in detention.
Read more »
French Woman Faces Trial For President Macron ‘Piece Of Filth’ On Facebook | Sahara ReportersA 50-year-old woman, identified as Valerie, has been arrested in France after referring to French President Emmanuel Macron as 'garbage' in a Facebook post. Daily Mail reports that the woman is facing a criminal trial for publicly insulting the French leader over his decision to force a pension reform, a prosecutor said on Wednesday. The woman risks a fine of 12,000 euros but not a prison sentence if convicted at the trial due to be held in June.
Read more »