In what appears to be an opening of an old wound, British Police yesterday said it was investigating a money laundering allegation of $1.3 billion in relation to an oil field bought by Shell and ENI from Nigeria. When contacted on the latest UK probe of OPL 245, a Shell spokesman, Precious Okolobo, in a text message to Daily Sun said “No comment.â€
By ADEWALE SANYAOLU with Agency reports
In what appears to be an opening of an old wound, British Police yesterday said it was investigating a money laundering allegation of $1.3 billion in relation to an oil field bought by Shell and ENI from Nigeria.
Shell and Eni jointly bought Oil Prospecting License 245 from Malabu Oil & Gas Ltd., controlled by Dan Etete, a former oil minister, in 2011. Located in the deep offshore waters of the Gulf of Guinea, it is estimated to hold at least 9.2 billion barrels of crude reserves worth $1 trillion.