Nigeria: Italian Prosecutors Probe CEO of Eni Over U.S.$1.3 Billion Nigerian Oil Deal

12 September 2014

Barely four months after he assumed office as the head of Italy's biggest listed company, the Chief Executive Officer of Eni, Mr.Claudio Descalzi, has been placed under investigation by Italian prosecutors over alleged corruption relating to the $1.3 billion Malabu Oil deal on Nigeria's Oil Prospecting Lease (OPL) 245.

The prosecutors in Milan had started a probe earlier this year but have now widened the net to include Descalzi, in a case relating to the acquisition of Nigeria's OPL 245 offshore oil block in 2011.

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