THE MULTI-MILLION DOLLAR SUIT BETWEEN ENI INTERNATIONAL B.V., ENI OIL HOLDINGS B.V. & NIGERIAN AGIP EXPLORATION LIMITED V. FEDERAL REPUBLIC OF NIGERIA (ICSID CASE NO. ARB-20-41)
Our firm, in conjunction with Curtis, Mallet-Prevost, Colt & Mosle LLP, London, UK, is representing the Federal Government of Nigeria at the ongoing arbitral reference initiated by oil giant, Eni, against Nigeria before the International Center for Settlement of Investment Disputes, ICSID.
Eni International B.V. (Dutch), Eni Oil Holdings B.V. (Dutch), and Nigerian Agip Exploration Limited (Nigerian) initiated the reference against the Federal Republic of Nigeria for the alleged breach of the parties’ investment agreement over Nigeria’s Oil Prospecting License “OPL 245”. Meanwhile, the “OPL 245” is already subject of an ongoing corruption trial in Italy against Eni, Shell, Nigeria’s former petroleum minister, Dan Etete, and others, all accused of corruption.