Nigeria To Pursue $3.5 Billion Civil Claim Against Eni And Shell

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Nigeria will continue its $3.5 billion civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings against the companies.

The West African country, which joined the case as a civil party in 2018, still plans to appeal the March 2021 ruling by a court in Milan

acquitting the energy giants and several of their current and former executives of corruption charges, Olabode Johnson, a lawyer for the Nigerian government, said by phone

Prosecutors, who said on Tuesday they would not challenge the decision, had alleged executives involved in the 2011 deal to acquire an offshore oil permit knew that much of the $1.1 billion paid into an escrow account controlled by the Nigerian government would be disbursed as bribes.

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