Shell admits dealing with money launderer in Nigeria

Shell has admitted it dealt with a convicted money launderer over Nigeria’s OPL 245 oilfield.
By Staff reporter 11 April 2017 0 25450

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,...

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