Shell has admitted it dealt with a convicted money launderer over Nigeria’s OPL 245 oilfield.
The BBC published a report on Monday referencing emails showing Shell negotiated with Dan Etete for access to the field, for which Shell paid $1.3 billion to the Nigerian government. Around $1.1 billion was deposited into an account held by Malabu, a firm controlled by Etete, for access rights to OPL 245.
Italian prosecutors claim around $466 million of those funds were laundered to Nigeria’s former president, Goodluck Jonathan, and...
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up