Legal & Regulatory

NERC fines Abuja Disco N250m for electrocution, violations

May 14, 2019

The Nigerian Electricity Regulatory Commission (NERC) has fined the Abuja Electricity Distribution Company (AEDC) N250 million for all infractions/ violations, including electrocution, payable on May 20, 2019. According to the order the commission released to reporters in Abuja on Tuesday, “AEDC shall pay the sum of N50million to the late Master Mohammed Arafat Jibril as…

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Lekoil provides update on OPL 310 Licence, withdraws legal action over offshore block

May 14, 2019

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces that further to the announcement, of 28 March 2019, the Company advises that it has received correspondence by letter (the “Letter”) from the Ministry of Petroleum Resources relating to an application for an…

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FG in court filings says ex-president and his oil minister took bribes

May 12, 2019

The Nigerian government has accused former President Goodluck Jonathan and his then oil minister of accepting bribes and breaking the country’s laws to broker a $1.3 billion oil deal eight years ago, a London court filing shows. The deal, in which Anglo-Dutch company Royal Dutch Shell and Italian peer Eni jointly acquired the rights to…

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DPR to collaborate with FAAN over aviation fuel quality control

May 9, 2019

The Department of Petroleum Resources has said it is collaborating with the Federal Airports Authority of Nigeria to address the gaps in the supply chain of Aviation Turbine Kerosine, also known as aviation fuel, in the Lagos. The DPR said the agencies, during a recent meeting in Lagos, agreed to continue collaboration to deliver on…

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Nigeria initiates suit in London against Shell, Eni for damages in OPL 245 case

May 8, 2019

The Government of Nigeria has filed an additional lawsuit against supermajor Shell and Italian giant Eni over allegations linked to the controversial OPL 245 oil block deal off Nigeria. In addition to the ongoing trial in Milan involving the two oil players, the government of the West African country is now seeking to trace and…

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Nigerian court dismisses claim against Eni, Petrobras over illegally sold oil

May 8, 2019

A Nigerian high court dismissed the government’s claims that local units of Eni SpA and Petroleo Brasileiro SA illegally exported crude oil to the U.S. Justice Mojisola Olatoregun said Wednesday in Lagos, the commercial capital, that the government could not provide evidence to back its lawsuit against Agip, a subsidiary of Eni, and Petrobras’s Brasoil.…

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Shell, Eni executives face corruption allegations over Nigerian oilfield deal

May 7, 2019

Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the West African country’s government said in a London lawsuit that it believes a handful of executives, including CEOs, were tied to more than $1 billion in bribery payments. In court documents filed in early April, the Nigerian…

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2019 gas regulations ready for submission – FG

May 2, 2019

The Technical Adviser to the Minister of State for Petroleum Resources, Dr. Timothy Okon, has said the proposed 2019 gas regulations to stabilise the price of gas is ready for submission to the Ministry of Petroleum. Dr. Okon who was the guest speaker at an interactive session on national gas policy and regulations organised by…

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Dutch court rules it has jurisdiction to hear case against Shell brought by widows of hanged Nigeria activists

May 1, 2019

The District Court of The Hague today issued an interim ruling in the case brought by Esther Kiobel and three other women with regard to Shell’s involvement in the unlawful arrest, detention and execution of their husbands by the Nigerian military. The court ruled in favour of the plaintiffs, that the court does have jurisdiction…

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Shell & ENI allegedly used Nigeria’s share of oil to fund billion dollar bribery scheme – Report

Apr 28, 2019

New analysis has found that oil giants Shell and Eni’s controversial deal for a Nigerian oil licence included unprecedented terms which funded an alleged bribery scheme. The terms replicated military-rule era “Sole Risk” contracts, and boosted Shell and Eni’s internal valuations of the oil deal enough to justify the companies paying $1.1bn upfront. Italian Prosecutors…

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