Tag: Malabu Oil Deal
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How JP Morgan argued to win $1.7 billion case against Nigeria
JP Morgan Chase has won a $1.7 billion London High Court battle against Nigeria over its role in a disputed 2011 oilfield deals involving energy majors Shell and Eni. Nigeria had filed a lawsuit against U.S. bank JP Morgan Chase at a London high court in February, claiming more than $1.7 billion as damages. The…
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Malabu Oil deal: AGF Malami writes Buhari, seeks immediate suspension of Adoke, Diezani’s trial
The Attorney-General of the Federation, AGF Abubakar Malami, has written to President Muhammadu Buhari stating in details why the federal government must suspend the trials of former Attorney-General of the Federation, Mohammed Bello Adoke and former Minister of Petroleum Resources, Diezani Alison-Madueke; both principal actors in the controversial Malabu Oil deal. Recall that the raging…
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Malabu oil deal: Court adjourns case till April 23
The Federal High Court, Abuja, on Tuesday adjourned all three suit relating to the alleged Malabu Oil I.1 million US dollars until April 23. In one of the suits, the prosecution had filed an oral application seeking a leave to file a written motion to withdraw charges against some of the defendants. In the other…
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Malabu Oil Deal: Accept agreement ceding POL 254 to Shell, Eni – Kachikwu tells Buhari
The Minister of State for Petroleum, Ibe Kachikwu, has advised President Muhammadu Buhari to cede controversial OPL 245 oil bloc to oil firms, Royal Dutch Shell and Eni. According to a report by Premium Times, details of the advice was contained in a leaked memo written by the oil minister in December 2017 asking Mr…
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Italian court orders Shell, Eni to face trial over Malabu oil deal
An Italian federal judge has approved the prosecution of Royal Dutch Shell and Eni in the $1.3 billion controversial sale of OPL 245 oil block, Italian media reports confirmed on Wednesday. The judge in Milan also said Eni executive, Claudio Descalzi, and his predecessor, Paolo Scaroni, should be tried for their role in the deal.…
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Malabu oil deal: Honour Reps’ invitation if you are clean – CACOL tells Jonathan
The Centre for Anti-Corruption and Open Leadership, CACOL has called on former President Goodluck Jonathan to respond to the House of Representatives’ formal invitation over his alleged role in the controversial $1.1bn Malabu oil deal. The group said the former Nigerian leader presided over the most corrupt administration in the history of Nigeria. It noted…
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BREAKING: Reps invite ex-President Goodluck Jonathan over controversial Malabu oil deal
The House of Representatives’ Ad-hoc Committee has resolved to invite ex-President Goodluck Jonathan over the alleged diversion of $1 billion. The committee is investigating the alleged corruption, malpractices, breach of due process in the award of Oil Prospecting Licence (OPL) 245, Rep. Rasak Atunwa, Chairman of the Committee disclosed this while interacting with journalists on…
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$1.1bn Malabu Oil deal: FG taking steps to extradite Adoke, others
The Federal Government is making all necessary arrangements to extradite to Nigeria, former Attorney-General of the Federation and Minister of Justice, Mohammed Adoke, to face charges of fraud. Mr Johnson Ojogbane, counsel to the Economic and Financial Crimes Commission (EFCC), the agency prosecuting Adoke, disclosed this on Tuesday in Abuja. The EFCC charged Adoke and…
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Malabu oil deal: I won’t return home until…Adoke lists conditions to FG
Immediate past Attorney-General and Minister of Justice, Mohammed Bello Adoke, has said he won’t return to home until the Federal Government concedes legally to certain rights and conditions that he is entitled to as a former public office holder and private citizen. In his words: “I will definitely come back, if I have the assurance…
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Malabu Oil Deal: EFCC planning to raid, plant cash in my country home – Adoke
Sequel to the on going controversies over the Malabu oil deal, former Minister of Justice and Attorney General of the Federation, Mr. Mohammed Adoke (SAN), says the Economic and Financial Crimes Commission, EFCC is planning to raid his country home in Okenne, Kogi State, with the purpose of planting huge sums of money in order…