Nigeria: London court declines to release OPL 245 funds


Issue 314 - 17 Dec 2015
A London court on 15 December turned down a request by Nigeria’s Malabu Oil & Gas to release $85m frozen last year at the request of the Italian authorities amid an investigation into corruption at Eni relating to the licensing of OPL 245. The sale of OPL 245 to Shell and Eni in 2011 is under investigation by the Public Prosecutor of Milan, the UK’s National Crime Agency and the Nigerian Economic and Financial Crimes Commission.

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