$1.6b Malabu Oil deal: ENI says no fraud was committed

12 March 2017, Sweetcrude, Lagos — The Board of Directors of Eni (Nigeria Agip Exploration Limited) have said the transactions which resulted in the auctioning of the Malabu Oil block for $1,616,690,656.78 were not fraudulent. The oil firm said it based its position on the outcome of forensic investigations into the block. It disclosed that […] More »