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Vol 59 No 25

Published 21st December 2018


Nigeria

Sharks in an oily soup

Court papers in Italy claim that international oil companies, investment banks and top politicians benefited from a multi-billion dollar oil scandal

Six months into the court hearings into the purchase of an offshore oil block licence in Nigeria by Royal Dutch Shell and Italy's ENI, Giuseppina Barbara, the presiding judge at the trial in Milan, said on 17 December that the companies were fully aware that part of the US$1.1 billion they had paid to government would be diverted to corrupt officials and businesspeople.

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