Skip to content
October 12, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Corruption Scandal: Eni’s Group Audits in Nigeria May Prompt Management Reshuffle- source
  • Business & Economy

Corruption Scandal: Eni’s Group Audits in Nigeria May Prompt Management Reshuffle- source

Admin April 5, 2019

Shell and Eni logo

Italy’s Eni has carried out internal audits in a case revolving around its group in Nigeria over corruption scandal.

A source with knowledge of the matter told Reuters on Thursday in Milan the review could prompt some management changes at the oil major.

Eni and its Anglo-Dutch peer Royal Dutch Shell are on trial for allegedly paying $1.1 billion in bribes to buy Nigeria’s OPL 245 offshore oilfield in 2011, one of the oil industry’s biggest graft cases.

Both companies deny any wrongdoing.

Milan prosecutors have since opened a separate case involving allegations that certain Eni managers had made false statements to discredit witnesses involved in the main case.

The source said Eni had conducted at least two audits on this alleged plot and sought legal opinions from outside lawyers.

“The audits could lead to a reshuffle of management at the group,” the source said.

In comments sent to Reuters, Eni confirmed it had launched audits on internal company processes linked to the matter, adding they had been wrapped up and steps for improvement identified.

Eni also denies any wrongdoing in the case opened by Milan prosecutors on the alleged making of false statements.

“If there should be changes to the (management) structure these will be announced, as always, in the correct way,” it said.

The company said it was awaiting the outcome of judicial investigations before deciding whether to take further steps.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Abba Kabir-Yusuf of the Peoples Democratic Party (PDP) Anglo-Dutch Eni OPL

Post navigation

Previous Rwanda’s Genocide Survivor Works to Protect the Memories
Next Stop calling migration a ‘crisis’, it is inevitable, a positive phenomenon – Nobel laureate Ellen Sirleaf

Related Stories

RingoNG Unveils Community-Driven Digital Ecosystem to Boost Safety and Emergency Response in Nigeria
  • Business & Economy

RingoNG Unveils Community-Driven Digital Ecosystem to Boost Safety and Emergency Response in Nigeria

October 11, 2026
Sugar council seeks $7.1bn investment for sugar self-sufficiency
  • Business & Economy

Sugar council seeks $7.1bn investment for sugar self-sufficiency

October 11, 2026
NBET Begins Settlement of ₦728bn Legacy Debt to Power GenCos, Gas Suppliers
  • Business & Economy

NBET Begins Settlement of ₦728bn Legacy Debt to Power GenCos, Gas Suppliers

October 9, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Beyond the Statistics: Nigeria’s Grim Child Marriage Reality Takes Centre Stage on Int’l Day of the Girl Child
  • Special Reports

Beyond the Statistics: Nigeria’s Grim Child Marriage Reality Takes Centre Stage on Int’l Day of the Girl Child

October 11, 2026
RingoNG Unveils Community-Driven Digital Ecosystem to Boost Safety and Emergency Response in Nigeria
  • Business & Economy

RingoNG Unveils Community-Driven Digital Ecosystem to Boost Safety and Emergency Response in Nigeria

October 11, 2026
Sugar council seeks $7.1bn investment for sugar self-sufficiency
  • Business & Economy

Sugar council seeks $7.1bn investment for sugar self-sufficiency

October 11, 2026
Troops Rescue 26 Human Trafficking Victims, Arrest Terrorist Leader in Multi-State Raids
  • National News

Troops Rescue 26 Human Trafficking Victims, Arrest Terrorist Leader in Multi-State Raids

October 11, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.