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OPL 245: Nigeria Loses Again For The 5th Time As Italian Court Rejects $1.1bn Compensation Claim

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For the fifth time, Nigeria has lost its case in the long-running OPL 245 saga.

 

On Friday, the appeals court in Milan, Italy, rejected the country’s request for $1.1bn compensation from Shell and Eni, the two energy giants that bought the oil block off Malabu Oil & Gas Ltd in 2011.

 

The Nigerian government had alleged that there was corruption in the deal, leading to a number of criminal trials in Nigeria and Italy.

 

The Milan appeals court has now rejected Nigeria’s civil claims and promised to make its reasons public within 90 days.

 

“We are pleased that these civil proceedings have been dismissed,” Shell said in an emailed comment to the Reuters news agency.

 

“This follows the Milan criminal tribunal’s finding that there was no case to answer for Shell or its former employees when they were fully acquitted in 2021, a decision that was upheld in July 2022, when criminal proceedings ended.”

 

A STRING OF LOSSES

In the fact case — in which the government of Nigeria joined as an injured party — the Court of Milan had ruled in March 2021 after three years of criminal trial that the prosecutors did not establish any proof of corruption, discharging and acquitting Shell, Eni and all the defendants.

 

The prosecutors subsequently filed an appeal but Celestina Gravina, the Italian attorney general, said the case “has no basis… in fact it should have finished earlier” and it was struck out in July 2022.

 

In another case, the High Court of England and Wales ruled in July 2022 that Nigeria did not prove its allegations against Mohammed Bello Adoke, the former attorney-general of the federation, who was accused of corruption in the transaction.

 

Nigeria had sued JP Morgan Bank to court for $1.7 billion for allegedly failing in its “duty of care” when it transferred the payments by Shell and ENI to Malabu Oil and Gas Ltd between 2011 and 2013.

 

The country’s attempt to appeal the judgment was turned down by the judge who said there was no prospect of it succeeding.

 

Friday’s ruling is yet another loss for the federal government which has been trying to prove that the OPL 245 deal was fraught with corruption.

 

Before the Court of Milan judgment of March 2021, the US Securities and Exchange Commission (SEC) and the US Department of Justice had both investigated the transaction and decided against filing charges because of lack of evidence of corruption.

 

Adoke has consistently maintained that he did no wrong and did not collect any bribe, but the government is currently prosecuting him in two different courts in Nigeria.

 

On Tuesday, Aliyu Abubakar, the property developer who was also on trial in Italy over the OPL 245 affair, told a federal high court sitting in Abuja that he was forced by EFCC to implicate former President Goodluck Jonathan and Adoke in money laundering in the same transaction.

 

He said that in December 2019, a statement was prepared for him to sign, failing which he was to be detained by the EFCC under the instructions of Ibrahim Magu, then chairman of the commission.

BIG STORY

Tokunbo Wahab: A Patriot Full Of Guts And Vision At 52 — Kayode Alfred

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On this auspicious day, as Tokunbo Wahab turns 52, we celebrate a man whose life has been a tapestry of courage, dedication, and unwavering vision.

Born on May 17, 1972, Wahab has emerged as a beacon of hope and transformation, leaving indelible marks on Nigeria’s legal, educational, and political landscapes.

Tokunbo’s journey began at the University of Benin, where he distinguished himself not only academically but also as a fervent student leader.

His leadership during the tumultuous June 12 Democracy Struggle, which saw him confront the repressive Abacha regime, speaks volumes of his bravery and commitment to justice. This early encounter with adversity did not deter him; rather, it fortified his resolve to serve the people.

A seasoned lawyer with over 20 years of experience, Wahab honed his legal acumen at prestigious institutions such as the Harvard Kennedy School of Government and the Wharton University of Pennsylvania.

His legal practice, marked by his partnership at Wali and Ace, and his earlier tenure at Paul Usoro & Co, Aluko & Oyebode, and Jiti Ogunye Chambers, is a testament to his expertise and integrity.

Wahab’s foray into public service has been nothing short of transformative. Appointed as the Special Adviser on Education to Governor Babajide Sanwo-Olu in 2019, he quickly became a pivotal force in the actualization of the T.H.E.M.E.S Agenda.

His efforts led to the historic establishment of two new universities in Lagos State: the Lagos State University of Education and the Lagos State University of Science and Technology.

Moreover, his introduction of the Eko Digital Initiative revolutionized the educational landscape, integrating modern technological resources across primary, secondary, and tertiary institutions. This initiative, along with the proliferation of libraries and ICT centers, has cemented his legacy as a visionary in the education sector.

Wahab, now the indefatigable Commissioner for Environment and Water Resources, has redefined environmental stewardship in Lagos with a blend of innovation, resilience, and a profound commitment to public service.

Among the notable achievements in his second coming as commissioner is the strategic partnership with the Ogun-Osun River Basin Authority, aimed at preventing flooding through the systematic release of water from the Oyan Dam. This proactive measure is crucial for safeguarding communities like Agiliti, Agboyi, Itowolo, and Ajegunle from flood risks.

Under his leadership, the Lagos State government has also embarked on the removal of illegal structures encroaching on drainage systems, a critical step in averting the perennial flooding that plagues the metropolis.

The demolition of buildings in Mende Estate to clear the System 1 drainage channel exemplifies his commitment to prioritizing public interest over individual gains, ensuring the city’s infrastructure can withstand heavy rains.

As he celebrates his 52nd birthday, we laud his enduring contributions to Nigeria. His life epitomizes the spirit of a true patriot, one whose guts and vision continue to inspire and uplift.

May his journey forward be as impactful and transformative as the paths he has already paved.

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Five Teenagers Remanded For Alleged Murder Of 18-Yr-Old Student In Makurdi

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A Makurdi Magistrate’s Court has remanded five teenagers in a correctional facility for allegedly killing an 18-year old student, named Yakubu Garba.

The defendants are facing criminal conspiracy, terrorism and culpable homicide charges.

They are Abdullahi Ismail, 14; Ismail Abubakar, 18; Mustapha Yakubu, 15; Suleiman Ismail, 18, and Sani Yahaya, 18.

The defendants are residents of Imam Street, Abinsi in Guma Local Government Area, Benue.

The Magistrate,  Cynthia Ikpe did not take the plea of the defendants for lack of jurisdiction.

She ordered them to be remanded at the Makurdi Correctional Centre to enable the police to undertake proper investigation on the matter.

He adjourned the case until June 26, 2024.

Earlier, the Prosecutor, Inspector Friday Inedu told the court that the father of the deceased, Garba Sani reported the matter at the Abinsi Police Station on May 9.

Inedu said that the defendants committed the offences on May 8, at Imam Street, Abinsi, Guma Local Government Area, Benue.

He said that the defendants and others now at large, stormed the area with cutlasses and other weapons to attack his 18-year old son.

”The injuries inflicted on him as a result of the attack led to his death.

“Investigation is still ongoing, we urge the court for another date for the mention of the case,” he said.

The prosecutor said that the offenses contravened section 97 and 222 of the Penal Code Law of Benue State, 2004.

He further said that the offense contravened Section 4(2) of the Abduction, Hostage Taking, kidnapping, Secret Cult and Similar Activities (Prohibition) Law, 2017.

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Students Loan Application Portal Opens May 24th

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The management of Nigerian Education Loan Fund (NELFUND) led by its Managing Director, Mr Akintunde Sawyerr are thrilled to announce 24th of May, 2024 as official date for the opening of portal for student loan applications.

This marks a significant milestone in the commitment of President Bola Ahmed Tinubu (GCFR) to fostering accessible and inclusive education for all Nigerian students.

Through the portal, students can now access loans to pursue their academic aspirations without financial constraints.

The portal provides a user-friendly interface for students to submit their loan applications conveniently.

We encourage all eligible students to take advantage of this opportunity to invest in their future and contribute to the growth and development of our nation.

Students can access the portal on nelf.gov.ng to begin application.

For more information and assistance, please contact NELFUND via email on [email protected] or contact us via our social media handles.

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