The ruling by the Italian’s apex court of Cassation will significantly influence current and future climate lawsuits in the country.
“Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission for the sale of NAOC Ltd to Oando Plc,” the oil company said.
He said his government had to continuously be intellectually inquisitive and reform its way of doing things.
The Gazette reported on January 31 that Mr Tinubu greenlit the handover of OPL 245 to Shell and Eni after first cornering large onshore oil assets for Oando Plc.
Because the president had already cut a deal for his family business, he backed down from Nigeria’s civil lawsuits against Shell and Eni over a spurious 2011 settlement.
A seething senior administration official criticised the president as spending every day trying to “validate his worst inclinations as a dyed-in-the-wool con man.”
Italy is not in charge of Nigeria’s justice system. The judges in Nigeria must be allowed to hear the cases and to judge them on the basis of Nigerian law.”
