Legal & Regulatory

Russia asks Italy to drop charges against envoy in Nigerian kickbacks case

Dec 7, 2018

Russia has asked Italy to drop charges against a former ambassador caught up in a Nigerian corruption case, legal documents showed on Wednesday. Ednan Tofik ogly Agaev, a former Russian ambassador in Colombia, is charged with international corruption in a case revolving around the 2011 purchase by oil majors Eni and Shell of Nigeria’s OPL…

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Total, SHI resolve dispute over $3.3b Egina FPSO

Dec 7, 2018

Total Upstream Nigeria Limited (TUPNI) and Samsung Heavy Industries (SHIN) have resolved for out-of-court settlement over controversies trailing the $3.3 billion Egina Floating Production Storage and Offloading Vessel (FPSO). The new development will apparently facilitate the completion of the FPSO, which is currently lying offshore and bring the parties closer to realisation of 200,000 barrels…

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Shell reviews Nigerian oil deals involving ex-exec accused of kickbacks

Dec 6, 2018

Royal Dutch Shell has concluded that a Nigerian oilfield sale where it suspects an executive took bribes was not linked to a separate court case in which he and Shell face corruption charges over a $1.1 billion offshore acquisition. The Anglo-Dutch company filed a criminal complaint in March against Peter Robinson, a former vice president…

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Nigerian court orders ex-oil minister’s arrest

Dec 5, 2018

A federal high court in Abuja, Nigeria, has ordered the arrest of former Minister of Petroleum Resources Diezani Alison-Madueke within 72 hours, the Economic and Financial Crimes Commission (EFCC) announced on Tuesday. “The inspector general of police, the chairman of the EFCC, the attorney general, the Department of State Services are hereby ordered in the…

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Court fixes Feb. 13 to continue hearing in FG’s suit against Chevron over oil shipments

Dec 4, 2018

A Federal High Court Lagos, on Tuesday, adjourned until Feb.13, 2019, a 69 million dollars suit filed by the Federal Government (FG) of Nigeria, against Chevron Petroleum Nigeria Ltd, seeking to recover oil revenue. The FG filed the suit against Chevron Nigeria Ltd, and Chevron Petroleum Nigeria Ltd, as first and second defendants respectively. The…

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EFCC ramps up moves for arrest, extradition of Alison-Madueke

Dec 3, 2018

Nigeria’s main anti-corruption agency on Monday filed for the arrest of former oil minister Diezani Alison-Madueke after a judge approved a request for her to be charged with corruption. The Economic and Financial Crimes Commission (EFCC) said in a statement the application for warrant of arrest was a “condition precedent for Diezani’s extradition” to face…

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Court grants Lekoil accelerated hearing for OPL 310 ministerial consent case

Dec 3, 2018

LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on Africa, announces an update on OPL310 (the “Block”) with reference to the Company’s Application for a Declaration regarding Ministerial Consent filed at the Federal High Court, Lagos on March 28, 2018. Despite progressing exploration and appraisal activities on OPL…

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NERC directs DisCos to begin customer enumeration

Dec 3, 2018

The Nigerian Electricity Regulatory Commission (NERC) has directed all electricity Distributions Companies (DisCos) in the country to carry out customer Enumeration in their domains by March 31, 2019. NERC gave the directive through its consumer affairs commissioner, Dr. Moses Arigu, at the commissioning of the customer complaint office in Lafia yesterday. The consumer affairs commissioner…

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Shell says judgment on $3.6bn Bonga oil spill not binding

Nov 30, 2018

Shell Nigeria Exploration and Production Company (SNEPCO) yesterday stated that the court judgment on 3.6 billion dollars fine for the Dec. 20, 2011 oil spill in parts of Niger Delta is not binding. Shell, operator of the Bonga oil field where the spill occurred, had approached the courts to challenge the powers of National Oil…

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Osinbajo says FG fully committed to passage of PIGB

Nov 27, 2018

Vice President Yemi Osinbajo on Monday said that the presidency was closely working with the National Assembly for the quick passage of the Petroleum Industry Governance Bill (PIGB). Osinbajo said this during his keynote address at the 18th international HSE Biennial conference, organised by the Department of Petroleum Resources (DPR) in Lagos. According to him,…

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