• Contact Us
  • About Us
Wednesday, June 17, 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

Reprieve For ADC, Others As Court Orders Stay Of Execution On Judgment, Says Development  ‘Highest Form Of Judicial Impertinence’

Court Rejects, Ex Kogi Governor,  Yahaya Bello’s Bid To Stop N110bn Fraud Trial

Unilorin, Others Delay Remittance To Students As NASS,  NELFUND Target Seven Million Beneficiaries.

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

Reprieve For ADC, Others As Court Orders Stay Of Execution On Judgment, Says Development  ‘Highest Form Of Judicial Impertinence’
News

Reprieve For ADC, Others As Court Orders Stay Of Execution On Judgment, Says Development  ‘Highest Form Of Judicial Impertinence’

June 16, 2026
Court Rejects, Ex Kogi Governor,  Yahaya Bello’s Bid To Stop N110bn Fraud Trial
News

Court Rejects, Ex Kogi Governor,  Yahaya Bello’s Bid To Stop N110bn Fraud Trial

June 16, 2026
Unilorin, Others Delay Remittance To Students As NASS,  NELFUND Target Seven Million Beneficiaries.
Breaking

Unilorin, Others Delay Remittance To Students As NASS,  NELFUND Target Seven Million Beneficiaries.

June 16, 2026
US-Iran Peace Deal Deepens  Divide Between Trump,  Netanyahu 
News

US-Iran Peace Deal Deepens  Divide Between Trump,  Netanyahu 

June 16, 2026
Next Post

Southeast Joint Security Outfit Ready, Says Governors’ Forum

Goldman Sachs Shatters Dealmaking Records With $1trn In First-half M&A Volume 

Goldman Sachs Shatters Dealmaking Records With $1trn In First-half M&A Volume 

June 16, 2026
Nearly 500 Confirmed Cases In Central Africa Ebola Outbreak — WHO

Congo Ebola Outbreak May Be Worst Ever, Africa CDC Says 

June 16, 2026
China, US Debt Woes May Dominate G7 Finance Chiefs’ Talks

FBI Says Thwarted Plot To Use Drones, Snipers To Attack White House UFC Event 

June 16, 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