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The Federal Government yesterday filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni at a commercial court in London, United Kingdom in connection with a 2011 oilfield deal.
The OPL 245 facility is also at the heart of an ongoing corruption trial in Milan, Italy where officials of the two companies are on the bench.
Milan prosecutors are alleging that bribes amounting to $1.1 billion were paid to win the licence to explore the field, which, because of disputes, has never entered into production.
The fresh suit also relates to payments made by the firms in relation to the oil well, according to Reuters.
Consequently, United States’ bank JPMorgan is facing action for its role in transferring over $800 million of government funds to former Minister of Petroleum, Dan Etete, who has been convicted of money laundering.
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