A court in London has dismissed the $1 billion case filed by Nigeria against oil giants Shell and ENI over the Malabu Oil deal.
The High Court Judge, Christopher Butcher, in dismissing the case held that the court lacks jurisdiction to hear the matter.
He also said the case has a parallel proceeding in Italy, also brought by the Nigerian government over the Malabu deal.
During Virtual hearings in the case last month, the defendants – Eni, Shell and others – asked for the court to decline jurisdiction under article 29 of the recast Brussels Regulation, as the Italian case against the companies is still ongoing.
Nigeria had sued Shell and ENI for $1.1 billion in 2011 over the licencing of OML 245 which the nation claims the said companies made it miss as a result of bribes they paid to Malabu oil, owned by former Minister of Petroleum, Dan Etete.