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Nigeria: Malabul Oil Deal - Nigeria Risks Losing $10 Billion - Reps
Daily Trust, 30 November 2018
The House of Representatives Committee on Financial Crimes says Nigeria stands the risk of losing $10 billion from the controversial Oil Processing Licence (OPL) 245 deal. Read more »
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Nigeria: Nigeria Loses $6bn in Malabu Oil Deal, Says Report
This Day, 27 November 2018
Global Witness said it had spent years investigating the deal, which gave Shell and Eni the rights to explore OPL 245, an offshore oil field in the Niger Delta.It has commissioned… Read more »
How Nigeria Lost U.S.$6 Billion Through Controversial Oil Deal
A new report by the anti-corruption group, Global Witness, says Shell and Eni's deal for Nigeria's OPL 245 oil block reduced Nigeria's expected revenue by nearly U.S.$6 billion. Global Witness's report Take The Future says the projected lost revenue could fund Nigeria's combined annual federal health and education budgets twice over. The two oil giantS have denied any wrongdoing, reiterating that they acted correctly in the purchase of OPL 245.
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25 November 2018
Take the Future - New Report from Global Witness
- Author:
- GlobalWitness
- Publisher:
- GlobalWitness
- Publication Date:
We've just found out a Shell and Eni oil deal will deprive Nigerian people of an estimated 6 billion dollars over the project's lifespan See our new ... see more »
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Nigeria: Nigeria Loses U.S.$6 Billion in Corrupt Oil Deal
Vanguard, 26 November 2018
Nigeria will lose an estimated $6 billion in revenue to international oil companies, Shell and Eni, over the deal on the controversial oil block, widely known as Oil Prospecting… Read more »
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Nigeria: Malabu - Nigeria Loses $6bn From Shell, Eni Oil Deal - Report
Daily Trust, 27 November 2018
The Nigerian government is expected to lose an estimated $ 6 billion because of corruption in the sale of the Oil Prospecting Licence (OPL) 245 to Shell and Eni Oil in 2011. Read more »
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Nigeria: Malabu Scandal - Nigeria Deprived of $6 Billion Revenue - Report
Premium Times, 26 November 2018
A new report by the anti-corruption group, Global Witness, says Shell and Eni's deal for Nigeria's OPL 245 oil block reduced Nigeria's expected revenue by nearly $6 billion. Read more »
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Nigeria: Malabu Oil Scam - UK Court Repatriates $73m to Govt
Vanguard, 24 November 2018
Although the Nigerian Government is yet to prosecute and convict many individuals and entities involved in the alleged monumental fraud running into billions of Naira in the… Read more »
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Nigeria: Malabu Scandal - Witness Tells Court OPL 245 Deal Not in Nigeria's Interest
Daily Trust, 21 October 2018
A founding director of 'corruption watch dog', Global Witness, Simon Taylor told a court in Italy that corruption in Nigeria's oil sector facilitated human rights abuses. Read more »
InFocus
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Oil multinationals, ENI and Shell are waiting for an Italian court judgement on whether U.S.1,1 billion paid in the controversial Malabu oil deal in Nigeria was used as a bribe to ... Read more »
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An Abuja court has postponed the Malabu oil case to June 18, 2018 for the arraignment of Mohammed Adoke, a former attorney-general and minister of justice, and eight others over ... Read more »
