Skip to content
July 21, 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
  • International News
  • U.S. DOJ closes Nigeria, Algeria investigations into Eni
  • International News

U.S. DOJ closes Nigeria, Algeria investigations into Eni

Admin October 1, 2019
Eni

Eni

The U.S. Justice Department has closed its investigations into alleged corruption by oil major Eni in Nigeria and Algeria without taking any action, the Italian energy group said on Tuesday.

Eni, the biggest foreign oil and gas producer in Africa, is currently on trial in Milan on graft allegations revolving round the acquisition of a giant Nigerian oilfield in 2011.

In that case Eni and peer Royal Dutch Shell are accused of buying the OPL 245 offshore field for about $1.3 billion in a deal that spawned one of the industry’s largest graft scandals.

Milan prosecutors allege that about $1.1 billion of the total was siphoned off to pay politicians, businessmen and middlemen.

Eni and Shell have denied any wrongdoing.

“Today’s decision by the DOJ confirms the findings of independent advisors, who conducted investigations into the claims… which also found no illegal activity,” Eni said.

It said it was confident the allegations leveled at it by prosecutors in the Milan court case would be found groundless.

Eni had also been involved in a long-running corruption case involving its previously 43%-owned unit Saipem over alleged bribes in Algeria paid to win contracts.

A Milan court acquitted Eni last year.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: DOJ Eni Royal Dutch Shell

Post navigation

Previous A gov’t that cannot secure lives, property of its citizens does not exist – Peter Obi
Next Third Term: No such attempt will happen under President Buhari – Presidency

Related Stories

Nigeria’s Erebor elected ATU confab preparatory committee chair
  • International News

Nigeria’s Erebor elected ATU confab preparatory committee chair

July 20, 2026
Why oil prices haven’t gone crazy despite 5 months of US-Iran war
  • International News

Why oil prices haven’t gone crazy despite 5 months of US-Iran war

July 20, 2026
Oil rises on renewed US-Iran hostilities and threat of Red Sea closure crude oil
  • International News

Oil rises on renewed US-Iran hostilities and threat of Red Sea closure

July 17, 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

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos
  • National News

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos

July 20, 2026
Court sentences 2 Ansaru commanders to life imprisonment Federal High Court
  • National News

Court sentences 2 Ansaru commanders to life imprisonment

July 20, 2026
Nigeria’s Erebor elected ATU confab preparatory committee chair
  • International News

Nigeria’s Erebor elected ATU confab preparatory committee chair

July 20, 2026
Reps Committee commences consideration of revised State Police establishment bill spokesman
  • National News

Reps Committee commences consideration of revised State Police establishment bill

July 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.