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SHELL FACES PROSECUTION IN NETHERLANDS OVER ITS NIGERIA ACTIVITIES

The oil and gas giant Royal Dutch Shell faces prosecution in the Netherlands over its activities in Nigeria.

The company has been told that the Dutch Public Prosecutor’s Office is preparing to prosecute the firm for its role in securing the licence to explore an offshore oilfield, OPL 245, which is thought to have reserves worth $500bn (£375bn).

Shell has told shareholders that the Dutch Public Prosecutor’s Office is nearing the conclusion of an investigation and is preparing to prosecute the company for criminal charges “directly or indirectly related to the 2011 settlement of disputes over Oil Prospecting License 245 in Nigeria”.

Shell is already facing charges of fraud in a court in Italy, alongside its project partner Eni, in a case that centres around how $1.1bn was paid to secure the drilling rights.

The Italian and Anglo-Dutch energy giants deny any wrongdoing.

Anti-corruption campaigners estimate the alleged fraud cost Nigeria almost $6bn in lost revenues.

 

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