Nigeria recovers $85 mln from OPL 245
Nigeria 
LAGOS, October 30, 2017 – Nigeria has recovered USD 85 million related to OPL 245 from a UK bank, international media reported Friday.
The money had been frozen due to an Italian investigation into the USD 1.3-billion sale of the licence, but the depositor is not yet publicly known.
Earlier this month, Italian prosecutors filed charges against four former Shell executives.
In January 2017, a Nigerian court had transferred assets and operations in the OPL 245 offshore block, owned by Eni and Shell and operated by Eni, back to the government in relation to the bribery case. Eni and Shell subsequently initiated separate legal procedures to have the forfeiture declared void, and succeeded.
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