Tag: malabu
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Malabu oil deal: FG sues JP Morgan for $875m
The Federal Government has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the former Minister of Petroleum Resources. However, a spokeswoman for JP Morgan dismissed the accusation on Thursday, saying the firm “considers…
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BREAKING: FG recovers $85m from UK on Malabu oil deal
The Federal Government says it has recovered $85million from the United Kingdom as part of the stolen funds from the Malabu Oil deal. The Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami, disclosed this on Thursday during a consultative meeting on assets recovery in Abuja. Malami, however, decried the none compliance…
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$1.3bn Malabu deal: I didn’t send anyone to collect bribe – Jonathan
Former President Goodluck Jonathan on Tuesday said he did not send the Chairman of AA Oil, Abubakar Aliyu, or any other person to collect bribe in the $1.3bn Malabu oil deal. Jonathan, who stated this in a statement in Abuja by his Media Adviser, Ikechukwu Eze, said that the negotiations and transactions for the $1.3bn…