• Contact Us
  • About Us
Monday, August 3, 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

Tinubu Leaves Primary, Secondary Qualification Fields Blank In 2027 INEC Nomination Form

Daily Times @100 Heroes Awards: Organising Council Announces Winners Across 29 Categories

Ghana’s Government Backs Five-year Presidential Term, Lowers Minimum Age To 35

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

Tinubu’s Government Orders Sale Of IBEDC, 4 Other Discos Within 90 Days
News

Tinubu Leaves Primary, Secondary Qualification Fields Blank In 2027 INEC Nomination Form

August 1, 2026
Daily Times @100 Heroes Awards: Organising Council Announces Winners Across 29 Categories
News

Daily Times @100 Heroes Awards: Organising Council Announces Winners Across 29 Categories

August 1, 2026
Ghana May Lose $3.8Bn World Bank Funding Over Anti-LGBTQ+ Bill
News

Ghana’s Government Backs Five-year Presidential Term, Lowers Minimum Age To 35

July 30, 2026
Tinubu Receives Catholic Bishops In Abuja, Defends INEC’s Neutrality Ahead Of 2027 Election
News

Tinubu Receives Catholic Bishops In Abuja, Defends INEC’s Neutrality Ahead Of 2027 Election

July 28, 2026
Next Post

Southeast Joint Security Outfit Ready, Says Governors’ Forum

Dogged Nigeria Defeat Zambia To Keep 2026 WAFCON Hopes Alive

Dogged Nigeria Defeat Zambia To Keep 2026 WAFCON Hopes Alive

August 2, 2026
UK Prime Minister Calls For Infantino’s Resignation Over World Cup Equity Plan

UK Prime Minister Calls For Infantino’s Resignation Over World Cup Equity Plan

August 1, 2026
UEFA Rejects FIFA’s $20bn Subsidiary Investment Plan

Infantino Faces Crisis As UEFA, CONCACAF Declare Lost Confidence Over Scrapped World Cup Deal

August 1, 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