UK Probe: Eni, Others Acquitted By Italy Court Over $1billion Malabu Oil Scandal, Oil Company Insists | Sahara Reporters

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UK Probe: Eni, Others Acquitted By Italy Court Over $1billion Malabu Oil Scandal, Oil Company Insists | Sahara Reporters Eni said in a statement that there was “no case to debate” as the court judgment stands. READ MORE:

Multinational oil giant, Eni, and subsidiary, Royal Dutch Shell, have said the court judgment in Milan, Italy acquitted it from the $1.092billion failed Malabu oil deal, noting that it was bothered with a certain United Kingdom probe into the matter.

“We kindly ask you to give the appropriate evidence to the Milan Court’s judgement, which is an objective and decisive fact, and to publish this statement.” The court on Wednesday acquitted energy groups Eni and Shell along with a series of past and present managers including Eni Chief Executive Officer, Claudio Descalzi, in the oil industry’s biggest corruption scandal.

Lucia did not specify how much Nigeria was seeking in damages overall but said the disputed deal had deprived Abuja of “profit oil”, adding “these are massive amounts”.

 

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