• Contact Us
  • About Us
Friday, February 13, 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

$1.2b Malabu Oil Fraud: Court Slams N50m Nail On Adoke

metro by metro
January 30, 2020
in News
0
0
SHARES
0
VIEWS

Read Also

US House Passes Bill To Require Proof Of US citizenship For Midterm Voters

NNPP  Rejects US’ Move To Blacklist Kwankwaso, Alleges Hypocrisy 

EFCC Witness Accuses Banks Of Causing Scarcity Of 2022 Redesigned Naira Notes Through Hoarding

An Abuja High Court in Gwagwalada on Thursday granted N50 million bail to embattled former Attorney General of the Federation and Minister of Justice, Mohammed Adoke.

Justice Abubakar Kutigi, in his ruling endorsed Adoke’s bail requested, and ordered him to produce a surety in like sum.

The judge also granted Adoke’s co-defendants- Aliyu Abubakar and Rasky Gbinigie bail pending the determination of corruption allegations against them.

While he gave Abubakar bail in the sum of N50 million, Gbinijie got bail at N10 million.

According to Kutigi, the sureties must be responsible citizens, who must depose affidavits of means.

He added that the sureties must be resident within the court’s jurisdiction and must own verifiable landed properties worth the bail sum.

The Economic and Financial Crimes Commission, EFCC, had arraigned Adoke on 42 counts bordering on fraud and money laundering.

Adoke was arraigned alongside six others. They Pleaded not guilty.

Adoke is accused of using public office for gratification, an offence contrary to and punishable under Section 115(a) of the Panel Code, Cap. 532 Laws of the Federation of Nigeria (Abuja)1990 and punishable under Section 115(i) of the same Penal Code.

Count one of the charge reads: “That you, Muhammed Bello Adoke, while being a public servant, as attorney-general and minister of Justice of the federation, sometime in August 2013, within the jurisdiction of this honourable court, accepted from Aliyu Abubakar for yourself a gratification of US dollars equivalent of N300,000,000.00 (Three Hundred Million Naira) only other than lawful remuneration, as a motive for facilitating and negotiating the Block 245 Resolution Agreement with Shell Nigeria Ultra Deep Limited, Nigeria Agip Exploration Limited, and Shell Nigeria Exploration and Production Company Limited, and thereby committed an offence contrary to and punishable under Section 115(a) of the Penal Code, Cap. 532 Laws of the Federation of Nigeria (Abuja)1990 and punishable under Section 115(i) of the same Penal Code.”

Tags: Abuja High CourtFederation and Minister of JusticeMalabu oil fraudMohammed Adoke
Previous Post

Buhari Meets Security Chiefs, Day After Lawmakers Called For Their Sack

Next Post

Southeast Joint Security Outfit Ready, Says Governors’ Forum

Related Posts

News

US House Passes Bill To Require Proof Of US citizenship For Midterm Voters

February 12, 2026
No Defection Talks With APC, Kwankwaso Camp Insists
News

NNPP  Rejects US’ Move To Blacklist Kwankwaso, Alleges Hypocrisy 

February 12, 2026
EFCC Bans Sting Operations At Night
News

EFCC Witness Accuses Banks Of Causing Scarcity Of 2022 Redesigned Naira Notes Through Hoarding

February 11, 2026
Nigerians Overstaying Visa Risk Serious Sanctions, US Warns, Says “No Honest Mistakes”
News

Oil Set For First Weekly Decline In Seven Weeks Ahead Of US-Iran Talks 

February 6, 2026
Next Post

Southeast Joint Security Outfit Ready, Says Governors’ Forum

New era of climate cooperation can deliver stability in an unstable world: UN Climate Change Executive Secretary

February 12, 2026
FTS: Concerns Over Kogi ‘Budget Paradox’ Amid Rising Enviromental, Social Risks

FTS:Apprehension In Kogi Communities As Armed Herdsmen Attack Residents, LGAs Impose Curfew

February 12, 2026

Sage Intacct Introduces Intelligent AI-driven Automation for mid-sized businesses in Kenya

February 12, 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