• Contact Us
  • About Us
Monday, September 21, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

BREAKING: Malabu $1.1 billion Scandal: Court orders OPL 245 returned to Nigerian government

metro by metro
January 26, 2017
in News
0
0
SHARES
0
VIEWS

The Economic and Financial Crimes Commission, EFCC, has secured a court order mandating the return of OPL 245 to the Nigerian government.
The order was granted by Justice John Tsoho of the Federal High Court on Thursday morning, pending “the conclusion of investigations…” by the EFCC.
OPL 245, considered the largest oil block in Africa with over 9 billion barrels of crude, has been a subject of investigations in at least five different countries.
Two oil giants, Shell and Eni, in 2011 paid about $1.1 billion into a Nigerian government account in London to take control of the oil block.
Over 70 per cent of the money was subsequently transferred in controversial circumstances into Malabu accounts controlled by a former petroleum minister, Dan Etete. Mr. Etete transferred over half of what he got into accounts of phoney companies controlled by Aliyu Abubakar, a man wanted for fraud in Italy and whom the EFCC already charged for fraud.
Mr. Abubakar is believed to be a front for several top officials of the Goodluck Jonathan
administration including Mr. Jonathan and his attorney general, Bello Adoke.

Read Also

Tinubu Confirms Will Miss UNGA Session In US For Third Time Since Taking Office

“No Nigerian Should Lose Right To Life In Custody” — Atiku On Niger Deaths

Appeal Court Upholds Registration of NDC

Previous Post

Fitch Downgrades Nigerian Rating Outlook on Dollar Shortages

Next Post

Senate probes Works Ministry, BPP over contracts inflation, irregularities

Related Posts

FG Intensifies Moves To Avert Looming Inflation Protests Amid Hide & Seek Game In Week Of Decision
News

Tinubu Confirms Will Miss UNGA Session In US For Third Time Since Taking Office

September 20, 2026
Atiku Files Fresh Suit Seeking Access To Tinubu’s Records From Chicago University
News

“No Nigerian Should Lose Right To Life In Custody” — Atiku On Niger Deaths

September 18, 2026
NDC Fixes Presidential Form At N60m Ahead Of 2027 Elections
News

Appeal Court Upholds Registration of NDC

September 18, 2026
Miners’ Death: They Sprayed Something In Our Cell, The Small Disturbed Everyone-Survivor
News

Miners’ Death: They Sprayed Something In Our Cell, The Small Disturbed Everyone-Survivor

September 18, 2026
Next Post
Senate

Senate probes Works Ministry, BPP over contracts inflation, irregularities

FG Intensifies Moves To Avert Looming Inflation Protests Amid Hide & Seek Game In Week Of Decision

Tinubu Confirms Will Miss UNGA Session In US For Third Time Since Taking Office

September 20, 2026
Atiku Files Fresh Suit Seeking Access To Tinubu’s Records From Chicago University

“No Nigerian Should Lose Right To Life In Custody” — Atiku On Niger Deaths

September 18, 2026
NDC Fixes Presidential Form At N60m Ahead Of 2027 Elections

Appeal Court Upholds Registration of NDC

September 18, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version