Browsing Tag

Malabu Oil

Malabu Oil Deal Violated Money Laundering Laws

Wandoo Sombo Sep 10, 2020 0

Mr Temitope Erinomo, a prosecution witness, told the Federal High Court, Abujaon Thursday that Malabu Oil and Gas Limited and six other companies charged with fraud in the Oil Prospecting Lease 245 transactions, violated…

Crime

EFCC Arraigns Malabu Oil Firm For Money Laundering Offences

Taiye Agbaje Jul 1, 2020 0

The Economic and Financial Crimes Commission (EFCC), on Wednesday, arraigned Malabu Oil and Gas Limited for money laundering offences in connection to the controversial oil block, OPL 245 transactions.SEE ALSO: Why Kalu, Dariye, Nyame…

Government

FG wins right to prosecute JPMorgan Chase over $875m Malabu oil fraud

Wandoo Sombo Feb 23, 2019 0

A High Court in London headed by Justice Andrew Burrows has granted Nigeria’s plea to allow it proceed with the trial of JPMorgan Chase. The bank is alleged to have enabled the misappropriation of state funds totalling $875 million over…

Government

FG Recovers $85m From UK On Malabu Oil Deal

Jide Oct 26, 2017 0

The Federal Government says it has recovered $85million from the United Kingdom as part of the stolen funds from the Malabu Oil deal.The Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami, disclosed this on…

Business

“I put my blood, I put my life into this oil block.” – Ex-Abacha Minister Says He Only Made…

Business Editor Jun 16, 2013 0

Abacha's former minister of petroleum, Dan Etete may be facing the fiercest battle of his life at the moment as it has been revealed how underhand and shady oil deals he was allegedly involved in have now become an albatross.The Niger…

Business

Malabu Oil Deal Shady and ‘Bedeviled with Irregularities’ – REPS

George Oregun Dec 7, 2012 0

The House of Representatives Committee investigating the Malabu Oil deal has said that the transaction which saw Shell and Agip buy the controversial OPL 245 was shady and bedeviled with irregularities.Mr. Leo Ogor, House ad-hoc…