Nigeria court reverses seizure of oil block from Shell, Eni

2017-03-17 20:29


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Abuja - A Nigerian court has set aside its order for the temporary seizure of one of Africa's richest oil blocks from multinationals Royal Dutch Shell and Eni.

Justice John Tsoho upheld the application filed by Shell and Eni challenging a January court order ceding control of Oil Prospecting License 245 to the government while the Economic and Financial Crimes Commission investigates a $1.2bn corruption scandal.

The judge ruled that the forfeiture order was irregularly filed.

Nigeria has filed criminal charges of corruption against Shell and Eni over the sale of the oil block.

The charges allege the companies paid $801m to a former oil minister, a former justice minister and a businessman for the block's license.

Nigeria's government got only $210m from the deal.

Both companies deny wrongdoing.

Read more on:    shell nigeria  |  nigeria  |  west africa

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