The Federal Government asked a Milan court on Wednesday to order Eni and Royal Dutch Shell to pay $ 1 . 09 bn as an immediate advance payment for damages it is claiming in one of the oil industry ’ s biggest – ever corruption trials .
Shell and Eni jointly acquired the rights to Oil Prospecting Licence 245 , a Nigerian offshore oil block , for about $ 1 . 3 bn in 2011 from Malabu Oil and Gas, a company owned by a former Nigerian Minister of Petroleum Resources , Dan Etete .
Reuters reported that at a hearing into alleged corruption linked to the oil majors’ acquisition of the OPL 245 , Lucio Lucia , lawyer for the Nigerian government , called for a guilty verdict and an advance payment , ahead of any broader damages package set by a court at a later date .
According to the report , Lucia did not specify how much Nigeria was seeking in damages overall but said the disputed deal had deprived Abuja of “ profit oil ” , adding “ these are massive amounts” .
The lawyer said that calculated under two different scenarios , the profits that had been lost amounted to $ 4 . 5 bn and $ 5 . 9 bn respectively .