Eni

An FCT High Court, Jabi on Monday struck out an application seeking to stay an order, granting the EFCC leave to arrest two ex-ministers, seven others for their alleged involved in the Malabu oil deal.

Despite denying plans to embark on a mass retrenchment of its workers, the top management of the Nigerian Liquefied Natural Gas company, NLNG has met to ratify the list of no fewer than 120 employees to be eased out of the company soon, according to a report.

The Federal Government has approached a London commercial court with claims that former President Goodluck Jonathan and former oil minister Diezani Alison-Madueke conspired to “receive bribes and make a secret profit” in respect of the controversial OPL 245 offshore oilfield.

Former President Goodluck Jonathan has reacted to the report that claimed that lawyers for the Federal Government had, in a London court filing, accused him of accepting bribes in order “to broker a $1.3 billion oil deal eight years ago.”

The federal government is seeking about $3.5 billion in damages from oil giants Eni and Shell over the controversial Malabu oil deal.

New analysis has found that oil giants Shell and Eni’s controversial deal for a Nigerian oil licence included unprecedented terms which funded an alleged bribery scheme.

The Economic and Financial Crimes Commission (EFCC) has been urged to seize a private jet owned by a former Nigerian minister of petroleum, Dan Etete.

Nigeria’s effort at ensuring local sufficiency in refined petroleum products was bolstered Thursday with the formal commencement of the first phase of the rehabilitation of the 210,000 barrels per day capacity Port Harcourt Refinery complex that comprises the 60,000 barrels per day old Refinery built in 1965 and the 150,000 barrels per day, new Refinery, commissioned in 1989.

The Nigerian National Petroleum Corporation (NNPC) has again announced plans to revamp the nation’s four refineries to help the country save billions of dollars it expends annually on fuel imports.

Nigeria’s state-oil firm NNPC said it plans to revamp its refineries to help Africa’s biggest crude oil producer to save billions of dollars on fuel imports and has hired Italy’s Maire Tecnimont to tackle the Port Harcourt plant.

The Federal government on Thursday kick started the rehabilitation of Port Harcourt refineries.

A new report by a non-governmental organisation, Global Witness, has blamed Shell and Eni for their alleged roles in the acquisition of OPL 245 in the oil-rich Niger Delta which is linked to Malabu oil scandal.

Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011.

Materials in a suitcase seized nearly three years ago by Swiss authorities may unlock the identities of the Nigerian recipients of the $1.1 billion in corrupt payments by Shell and ENI over the purchase of OPL 245 from Malabu Oil.

An Italian judge, Giusy Barbara, found out on Monday that Eni and Royal Dutch Shell were fully aware that their 2011 purchase of Nigeria’s Oil Prospecting Lease (OPL 245) would result in corrupt payments to Nigerian politicians and officials.

The federal government has filed a $1.1 billion suit against Royal Dutch Shell Plc, Eni and other companies for a 2011 Malabu oil deal saying it was tainted with corruption.

Nigerian National Petroleum Corporation (NNPC) threatens to seek legal interpretation on whether it has right to withdraw funds from Nigeria LNG Dividend Account without the approval of National Assembly

The Acting Chairman, Economic and Financial Crimes Commission, Ibrahim Magu, has given assurances that the Commission is revving up its investigations into the Malabu Oil scandal and those complicit will be prosecuted.