BREAKING: Eni, Shell To Stand Trial In Italy Over Nigerian Bribery Scandal

Italian giant Eni and peer oil company Shell will stand trial over allegations of bribery and corruption in Italy over the acquisition of Nigerian offshore oil block in 2011.

A judge in Milan ordered Eni, Shell Company and Eni CEO Claudio Descalzi and his former Paolo Scaroni and other key figures on March 5 Trial proceedings started trial.

The two companies bought OPL245 for $ 1.3bn in 2011, an offshore oil block estimated at 9bn barrels of crude oil.

The Italian company said in a statement on Wednesday: "Eni's board of directors has reiterated that the company is not involved in corruption-related activities.

"Eni said she is full of confidence in the judicial process and the trial will determine and confirm the correctness and completeness of her conduct."

In particular, it insisted that "CEO Claudio DiSallel did not participate in so-called illegal practices."

Both companies, accused of corruption in Nigeria's dealings, reportedly received pocket bribes from Goodluck Jonathan, the former Nigerian president, and his oil minister.

Both sides have repeatedly stated that they have obtained lucrative plots under the laws of Nigeria.

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