Saturday, 18 March 2017

Court orders return of OPL 245 back to Shell, Eni

An Abuja Federal High Court has reversed its order
revoking the oil block, OPL 245, from Shell Nigeria Limited
and Eni.
Recall that the Economic and Financial Crimes
Commission, EFCC, had had dragged Shell, Eni, former
Petroleum Minister, Dan Etete, Mohammed Adoke, former
attorney-general, and a businessman, Aliyu Abubakar,
before the court over alleged fraud.

Against this backdrop, EFCC had on January 26, got an
order for the forfeiture of the oil block, OPL 245 by Shell
and Eni, which is considered as the largest oil block in
Nigeria.
The oil companies were alleged to have fraudulently
acquired the block in 1998 but the money was never
remitted to the government
The anti-graft agency had prayed the court to temporarily
return the oil well to the government while it continued its
investigation.
Displeased by the order, both Shell and Eni had filed an
application seeking to vacate the order.
Alabatvnews.

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