Italian Executive Probed for Nigeria Oil Bloc Scandal
Four months after assuming office, Claudio Descalzi, the Chief Executive Officer of ENI, Italy's biggest listed company is under investigation by authorities for alleged corruption relating to the U.S.$1.3 billion Malabu oil deal in Nigeria.
Claudio Descalzi
InFocus
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Mohammed Adoke, the Minister of Justice and Attorney General, says the decision to transfer the Malabu oil bloc OPL 245 to Shell and Nigeria Agip Oil companies followed a ... Read more »
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The Malabu oil scandal arose from a few private firms that allegedly sold off an oil bloc to major oil firms ENI, Shell and Agip - proceeds of which were shared by the private firm ... Read more »