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Nigeria Loses $1.3bn Graft Appeal Against Eni, Shell

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Nigeria's budget deficit

By Adedapo Adesanya

An Appeal Court in Milan, Italy, has dropped criminal proceedings in a Nigeria corruption case to the tune of $1.3 billion, finalising the acquittal of multi-national oil companies, Eni and Shell.

Reuters reported on Thursday that the court acknowledged the dropping of the proceedings on Tuesday, adding that it also acquit managers of the oil majors including Eni’s chief executive officer, Mr Claudio Descalzi.

According to the news agency, General prosecutor Celestina Gravina, in an unprecedented move in a Milan court, had filed a waiver request at the start of the appeal trial earlier on Tuesday, saying the case had no grounds.

The Tribunal Prosecutor’s Office, which is a separate body, and the Nigerian government had previously sought to appeal a March 2021 ruling acquitting the two companies and defendants.

Reuters reports that the appeal will now only continue for the civil proceedings, as Nigeria has sued for compensation.

In November 2021, the Attorney General’s Office decided not to refer to the Supreme Court an appeal for the acquittal of two consultants in a separate case related to the Nigeria graft trial.

The main case revolved around a deal in which Eni and Shell acquired the OPL 245 offshore oilfield in 2011 to settle a long-standing dispute over ownership.

Prosecutors alleged that just under $1.1 billion of the total amount was siphoned off to politicians and middlemen.

The First Instance Court in Milan said in March 2021 there was no case to answer and acquitted the companies and all other defendants.

“We have always maintained that the 2011 settlement was legal,” a Shell spokesperson said at the time, while Eni confirmed its total extraneousness to the contested facts.

In June 2021, two prosecutors in the case were placed under official investigation by magistrates for allegedly not filing documents that would have supported Eni’s position.

Italy’s justice ministry ordered an inquiry into the conduct of the pair.

On Eni and Shell’s part, there were clamours that there were to be fined alongside the call for prosecution of a number of past and present managers from both companies, including Mr Descalzi.

The defendants all denied any wrongdoing and said the purchase price for OPL 245 was paid into a Nigerian government account and subsequent transfers were beyond their control.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Nigeria Records Zero Piracy Incident Fourth Straight Year in 2025

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Nigerian waters Gulf of Guinea

By Adedapo Adesanya

The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to accountability, improved performance, and sustained growth in the maritime sector, as the country recorded zero piracy incidents on its territorial waters for the fourth consecutive year.

This came with the signing of its 2026 Sectoral Performance Bond, overseen by the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.

According to the Director-General of NIMASA, Mr Dayo Mobereola, the Performance Bond is a key governance instrument for tracking deliverables, strengthening institutional accountability, and aligning the Agency’s operations with national priorities.

He stated that NIMASA’s ongoing reforms are driven by purposeful leadership and strategic ministerial support, adding that the Agency remains committed to delivering on its mandate in line with the Renewed Hope Agenda of President Bola Tinubu’s administration.

On maritime security, Mobereola disclosed that Nigeria has recorded zero piracy incidents in its territorial waters over the past four years, attributing the milestone to enhanced surveillance systems and improved inter-agency collaboration.

He further revealed that the Agency is at an advanced stage of automating its ship registry processes, a move expected to improve efficiency, reduce delays, and boost Nigeria’s competitiveness in global maritime business.

Providing an update on the Cabotage Vessel Financing Fund (CVFF), the NIMASA boss said more than 60 applications have been received since the portal was launched in January 2026, assuring that the disbursement process will be transparent and strictly monitored.

Mr Mobereola also noted that Nigeria has deposited three conventions with the International Maritime Organisation (IMO), while three others are awaiting Federal Executive Council approval, underscoring the country’s commitment to international maritime standards.

Speaking further, he noted that Nigeria’s election into category C at the IMO Council in November 2025 restored its voice in global maritime governance and strengthened its leadership role in Africa.

In his remarks, Minister Oyetola reiterated the federal government’s commitment to using the maritime sector to drive economic diversification, job creation, and foreign exchange earnings.

He stressed that the Performance Bonds are binding commitments that will be closely monitored, declaring that “accountability is not optional.”

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FCCPC to Extend Regulatory Oversight to Electrical, Electronic Products

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By Adedapo Adesanya

The Federal Competition and Consumer Protection Commission (FCCPC) says it has expanded its market surveillance and product testing to electrical and electronic products to ensure strict regulatory compliance.

The organisation also said it was extending market surveillance to cables and other building materials due to significant product safety issues regarding collapsed buildings.

According to the Director of the Surveillance and Investigations Department at FCCPC, Mrs Boladale Adeyinka, there are products that did not meet basic safety and quality standards in circulation.

She noted that where business conduct raises concerns about consumer safety, such matters would be investigated.

Mrs Adeyinka said the commission was coordinating with various sector regulators to address weaknesses that permitted unsafe products to enter or remain in the market.

”When a product presents a risk, the law requires prompt collective action, including product withdrawal, product recall, and proper notice to the consumer.

“If you are producing products in Nigeria and you discover there is a safety concern or likely to be a safety concern with respect to products that you have rolled out in the market, you have an obligation to withdraw and recall them.

“You also give notice to consumers who have purchased those products to be able to make the remedial actions, particularly with products that may significantly affect the lives of consumers of those products.”

“These are not optional expectations but legal requirements under our law. They are statutory duties to ensure product safety and consumer welfare in Nigeria.

“Failure to act responsibly by recalling, withdrawing, and issuing consumer notice will attract strict and stiff regulatory response from the commission,” she added.

The official noted that, “Compliance is not a favour to the regulator,” she stated.

Mrs Adeyinka also said FCCPC, headed by Mr Tunji Bello, remained committed to effectively monitoring and enforcing compliance across the market.

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Kebbi Assembly Speaker Muhammad Usman Zuru Dies in Egypt

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Kebbi Assembly Speaker Muhammad Usman Zuru

By Aduragbemi Omiyale

The Speaker of the Kebbi State House of Assembly, Mr Muhammad Usman Zuru, has died in an Egyptian hospital.

He was said to have breathed his last on Monday night at the North African healthcare facility.

Details surrounding his death last night have yet to be made public, but the Special Adviser to Governor Nasir Idris on Communication and Strategy, Mr Idris Zuru, said, “We are still gathering full details surrounding his passing. The government will make an official statement and announce burial arrangements in consultation with the family.”

“The death of the Speaker, Muhammad Usman Zuru, came to us as a rude shock. It is a painful loss not only to Kebbi State but to the entire nation,” the media aide further stated.

It was gathered that the late Speaker travelled to Egypt to receive treatment for an undisclosed illness.

Before his passing, the lawmaker represented Zuru Constituency in the Kebbi State House of Assembly.

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