Damning new evidence published last week by Global Witness and Finance Uncovered, revealing a vast trove of leaked e-mails, shows that oil giant Royal Dutch Shell knowingly engaged in a widespread bribery scheme to acquire oil exploration rights in Nigeria.
“This is one of the worst corruption scandals the oil industry has ever seen, and this is the biggest development so far,” Simon Taylor, director and co-founder of Global Witness, said in a statement.
The investigation itself is not new. In 2011, Shell and Italian oil company Eni paid $1.1 billion to secure rights to one of Africa’s most valuable oil blocks, known as OPL 245—a murky deal that Global Witness has been investigating ever since. The heart of the report, “Shell Knew,” shows that the money for the deal went directly into the pockets of Dan Etete, former Nigerian Minister of Petroleum and a convicted money... To get the full story, subscribe now.