Malabu oil deal: Italian court to deliver judgment on Eni, Shell in March
Italian judges are expected to hand down their verdict on Shell and Eni in one of the oil industry’s biggest-ever corruption trials at the end of March, a top court official said on Wednesday.
Marco Tremolada, president of the judges that will pass sentence, said lawyers for the two companies would be heard in January, followed by prosecutors and defence lawyers in February.
A final decision could then be reached by the end of March, he said.
The long-running graft case revolves around the purchase of the Nigerian OPL 245 offshore oil field in 2011 for about $1.3 billion.
Prosecutors allege that about $1.1 billion of that was siphoned off to politicians and middlemen.
The companies and defendants involved, including Eni’s current CEO Claudio Descalzi, have all denied any wrongdoing.
The case which is popularly known in local parlance as Malabu oil deal, was a cobweb woven criminal case involving former Nigerian oil minister, Dan Ettete, late despot rule Sanni Abacha family and ex-president Good luck Jonathan and his minister of Justice, Bello Adoke.