Tag: Malabu Oil Deal
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BREAKING: $1.3bn Malabu Oil deal: EFCC raids ex-AGF, Adoke’s home
The Economic and Financial Crimes Commission, EFCC on Wednesday raided the Kano home of the former Attorney-General of the Federation, Mr. Mohammed Adoke (SAN), as part of investigations into the $1.3bn Malabu scam. According to Adoke, the operatives of the EFCC stormed the residence and broke down the doors without a search warrant. Adoke said…
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Shell admits knowing about payments to Malabu
Royal Dutch Shell has said it knew that some of the payments it made to Nigeria for the rights to an oil field would go to Malabu Oil and Gas, a company associated with a former Minister of Petroleum Resources and convicted money launderer, Dan Etete. Shell spokesman, Andy Norman, was quoted as saying that…
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![[BREAKING] Malabu oil deal: Court orders return of OPL 245 oil well to Nigerian govt](https://thenewsguru.ng/wp-content/uploads/2016/11/court-1.jpg)
[BREAKING] Malabu oil deal: Court orders return of OPL 245 oil well to Nigerian govt
An Abuja Federal High Court on Thursday ordered the return of OPL 245 back to Nigerian government. TheNewsGuru.com reports that OPL 245 is considered the largest oil block in Africa with a production rate of over 9bn barrel of crude oil. The oil well is currently a subject of investigation by the Economic and Financial…