Italian oil and gas major, Eni, the parent company of Nigeria Agip Oil Company, has been alleged to have used at least half of the $1.1bn paid to purchase a Nigerian oil field in 2011 to bribe local politicians, intermediaries and others, according to official documents and a person close to the investigation.
The Milan prosecutors, who recently opened a probe into the acquisition, have placed the company, its former chief executive officer, Paolo Scaroni, and current CEO, Claudio Descalzi, under investigation for alleged international corruption surrounding the deal for the Oil Prospecting Licence 245 offshore oil field concession.
Read more @ The Punch
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