SAN FRANCISCO, September 21, (THEWILL) – A Nigerian man and his accomplice in Italy have been sentenced to four years each for their roles in the controversial Malabu oil deal, marking the first victory for Italian prosecutors in the complex corruption case.
The deal, struck in 2011 under President Goodluck Jonathan, saw the Nigerian government stand as a negotiator in the controversial sale of OPL 245 oil block in offshore Nigerian waters.
Two international oil and gas giants, Royal Dutch Shell and Italian Agip-Eni, paid out about $1.1 billion to Dan Etete, a former Nigerian petroleum minister who had previously been convicted of money laundering in France.
The payout immediately became a subject of cross-border investigation spanning over six countries. Several Nigerian government officials were believed to have received several million dollars in bribes for the enabling roles they played.
Emeka Obi, a Nigerian consultant in England, and Gianluca Di Nardo, an Italian, stood as middlemen in connecting the parties and the transfer of the funds through international bank accounts.
They were found guilty and sentenced four years each on Thursday and another £100 pounds confiscated in connection with the case, Reuters reported.
The pair had opted for a quick trial for their roles in the deal. The process in Italian law offers a possible reduction in any sentence.
A larger trial including Shell, Eni and 13 other defendants is ongoing. The prosecution will start presenting their evidence next Wednesday.
“Today sees the first men fall in the murky Malabu scandal. As Shell and Eni’s trial looms, time will tell whether it’s just the middlemen who pay the price for this epic crime against the Nigerian people,” said Barnaby Pace, anti-corruption campaigner at Global Witness.
“But one thing’s for certain: this judgment will send shivers down the corporate spines of the oil industry – and will surely alarm Shell and Eni employees and shareholders who have been repeatedly told that there was nothing amiss with the OPL 245 deal.”
Those on trial include Eni’s current CEO Claudio Descalzi, former CEO Paolo Scaroni, and Chief Operations and Technology Officer Roberto Casula alongside four former Royal Dutch Shell staff members including Malcolm Brinded CBE, former Executive Director for Shell’s Upstream International operations, and two former MI6 agents employed by Shell.
