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EFCC re-arraigns Malabu Oil, seven others on fresh charges

Ihesiulo Grace 10 September 2020 0

By Andrew Orolua Economic and Financial Crimes Commission (EFCC), on Tuesday, rearraigned Malabu Oil and Gas Limited on fresh charges bordering on money laundering. Malabu and Aliyu Abubakar, a businessman, were re-arraigned alongside six other companies on a 67-count charge before Justice

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EFCC arraigns Malabu Oil, others over alleged $1bn money laundering

Ihesiulo Grace 2 July 2020 0

The Economic and Financial Crimes Commission (EFCC), on Wednesday, arraigned Malabu Oil and Gas Limited for alleged money laundering offences over the controversial oil block, OPL 245 transactions. A businessman, Aliyu Abubakar, and six other firms were also arraigned in the 48 counts involving about $1 billion and N673 million. When the charge was read […]

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Why ex AGF Adoke will stay in detention for 14 days

Ihesiulo Grace 20 December 2019 0

Abuja – An FCT High Court, Maitama, on Friday granted the request of  the Economic and Financial Crimes Commission (EFCC) to detain Mohammed Adoke, former Attorney General and Minister of Justice for 14 days. Adoke was picked up on Dec. 19 by the INTERPOL on his arrival from Dubai at the Nnamdi Azikiwe International Airport, […]

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Malabu oil scam claims first convicts as Italian court jails Nigerian, Italian

Ihesiulo Grace 21 September 2018 0

A Nigerian, Emeka Obi and his Italian accomplice, Gianluca Di Nardo, were on Thursday sentenced to four years each for their roles in the controversial Malabu oil deal, the Reuters reports. The development marks the first victory for Italian prosecutors in the complex corruption case. The convicts, Emeka Obi, a Nigerian consultant in England, and […]

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I never said Malabu was a presidential scam – Adoke

Ihesiulo Grace 7 May 2018 0

Former Attorney General of the Federation and Minister of Justice, Mohammed Bello Adoke (SAN), has debunked media reports credited to him that Malabu Oil Deal was a “presidential scam.” An online media platform had reported that Mr. Adoke granted a press interview to an Italian journalist, wherein he (Adoke) allegedly disclosed that the Malabu Oil […]

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Court asked to void Shell, Agip hold in OPL 245 oil bloc

Ihesiulo Grace 21 March 2017 0

The controversy over the ownership of Oil Operating Licence OPL 245 deepened on Monday as Malabu oil, Alhaji Mohammed Sani Ahmed and Pecos Energy Ltd asked the Federal High Court in Abuja to void the Shell Nigeria Exploration and Production Company Limited and Nigerian Agip Exploration Limited claims to the oil bloc. In a suit […]