LONDON/MILAN (April 10): Oil majors Royal Dutch Shell and Eni reiterated on Monday that neither they nor their personnel had been involved in any wrongdoing in Nigeria, including improper payments to Nigerian officials. The comments follow media reports alleging how hundreds of millions of dollars from the two companies were used for illicit payments. In emailed comments, an Eni spokesman said the allegations in the reports were not supported by the facts, the underlying agreements or the independent investigations conducted to date. "Neither Eni nor Shell paid any monies other than as contemplated and recorded by the Block Resolution Agreement and did not pay to Malabu, to Chief Dan Etete or to any public officer," the spokesman said. Furthermore, we are not aware of any evidence to support a case against any former or current Shell employee".

Source: The Edge Markets April 10, 2017 10:52 UTC