69% or 112,470,000 of Nigerians are living in poverty. By Mesh22 [CC BY-SA 4.0], via Wikimedia Commons
In a damning development in one of the oil industry’s biggest global corruption scandals, leaked emails reveal that Big Oil executives knowingly took part in “a vast bribery scheme that robbed the Nigerian people of over a billion dollars,” a new exposé has revealed.
The full investigation, titled Shell Knew, was published by watchdog groups Global Witness and Finance Uncovered on Monday. It includes newly-unearthed internal emails which show that officials at the highest level of Royal Dutch Shell and the Rome-based oil and gas company Eni were aware that a $1 billion payment in 2011 for OPL 245—said to be “one of Africa’s most valuable oil blocks”—would end up in the hands of convicted money launderer and ex-Nigerian oil ministerDan Etete, and from there “would flow onward for bribes.” Continue reading →