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    OPL 245: Shell confirms Nigeria has dropped $1.1bn oilfield suit

    David GreatBy David GreatNovember 18, 2023No Comments1 Min Read
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    Shell confirmed on Friday that Nigeria withdrew civil claims totalling $1.1 billion against it in connection to allegations of corruption in a 2011 oilfield deal.

    “We are pleased that this claim has been withdrawn. It brings to an end to all legal cases against Shell on OPL 245 in Italian courts,” the oil company spokesperson said in a statement.

    In 2021, an Italian court acquitted Shell, Eni, the operator of the OPL 245 oilfield, and company executives of corruption allegations in the acquisition of the field a decade earlier.

    Italian judge Giusy Barbara says Eni and Shell were aware of OPL 245 bribes paid to Nigeria public officials Eni Energy Company

    Eni confirmed Nigeria had withdrawn the claim on Thursday. An Eni spokesperson confirmed that the group had received the letter regarding OPL 245, and said it was pleased about the Nigerian government’s decision.

    Reuters reported that Nigeria’s justice ministry will waive the claims before Italy’s highest court “unconditionally” and “with immediate effect” no later than Nov. 17, the report said citing a letter regarding the OPL 245 field and seen by the newswire.

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    FG moves to secure new $1.25bn World Bank loan amid debt concerns

    World Bank restricts Instagram comments amid backlash over Nigeria’s $1.25bn loan talks

    May 14, 2026
    ADC south-south backs Amaechi for 2027 presidency

    Amaechi vows to turn Nigeria around if elected president

    May 14, 2026
    PDP govs reject Wike bloc’s consensus chairman

    Wike mocks Makinde’s presidential bid under ‘419’ party

    May 14, 2026
    APC national secretariat as party confirms May 23, 2026 presidential primary election date

    APC confirms May 23 for presidential primary, denies postponement claims

    May 14, 2026
    President Bola Tinubu speaking at the Africa Forward Summit in Nairobi, Kenya, on Nigeria’s rising debt servicing costs and economic reforms.

    Tinubu invites Guinea’s Doumbouya for state visit to Nigeria

    May 14, 2026
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