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Re: benfrankledger post# 409

Friday, 03/17/2017 12:13:26 PM

Friday, March 17, 2017 12:13:26 PM

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Nigerian court overturns seizure of oilfield from Shell, Eni
A Nigerian court overturns a request by Nigeria's financial crimes agency to seize an oilfield from Royal Dutch Shell (RDS.A, RDS.B) and Eni (NYSE:E).
In January, a court had ordered the seizure of the OPL 245 oil block and transfer of operations to the government following a request by the agency, which was investigating whether the $1.3B purchase of the block in 2011 involved "acts of conspiracy, bribery, official corruption and money laundering."
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