(Finance) – The Court of Appeal of Milanconfirming the first degree, has rejected Nigeria’s appeal for compensation as part of the proceedings onacquisition of the Opl245 block, condemning Nigeria to pay court fees. In July, the Attorney General had renounced the appeal, dismissing the charges against the leaders of Eni And Shell (in the context of criminal proceedings for international corruption), making the acquittal of first instance final.
Eni, a note reads, “expresses its satisfaction“for today’s decision
The Milan Court of Appeal also ruled “inadmissible” the appeal of the Milan Public Prosecutor against the acquittal “because the fact does not exist” formulated against Eni and its management in March 2021 by the Court of Milan.
“Eni recalls how the Attorney General had already determined the res judicata of the acquittal sentence in the first instance with the waiver of the reasons for appeal formulated by the Public Prosecutors – continues the note – Eni finally specifies that it has promoted ICSID international arbitration in Washington against Nigeria for the protection of its Opl245 license with respect to the overall detrimental consequences suffered in the affair “.