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How Kenya got entangled in the murky world of oil deals, scams

What you need to know:

  • Parliament was told that the negotiation had started in 1999, and this brings Chris Okemo into the picture.
  • It was only in the 2004/2005 financial year that the first consignment of 5.38 million barrels was lifted.
  • When Kenya signed the deal, it gave a huge chunk of its share to Vitol, a global energy company.
  • The government had no say on how much fuel was lifted in its name and there are no details on how much oil was sold.

A very intriguing case is going on in Milan, Italy, in which the Nigerian government wants international oil companies Eni and Royal Dutch Shell to pay USD1.092 billion (Sh109 billion) in one of the oil industry’s biggest-ever corruption scandals, perhaps the largest corporate fraud in the continent.