A Nigerian police investigation has retrieved hundreds of millions of dollars in stolen state oil funds. It came as an Italian court sentenced two men to four years in jail in a case involving Eni and Shell in Nigeria. Nigerian police on Thursday said they had recovered $470.5 million (€400 million) in state oil company funds that had been siphoned off into private bank accounts. Police said they discovered the money linked to the Nigerian National Petroleum Corporation’s (NNPC) Liquefied Natural Gas (LNG) business unit during a nationwide exercise to recover stolen funds. A total of “$470,519,889.10 belonging to NNPC Brass/LNG Investment hidden in some commercial banks after the directives of the federal government on Treasure Single Account,” police spokesman Jimoh Moshood told Reuters news agency in an emailed statement. President Muhammadu Buhari, who won the 2015 election campaigning on anti-corruption, had ordered government revenues to be placed in […]