Italian Prosecutors Accuse GEJ, Diezani, Gusau, Adoke, Bayo Ojo, Etete of Sharing $1.3b In Malabu Oil Fraud.
Italian prosecutors conducting an investigative report have accused former President Goodluck Ebele Jonathan, and four others of fraud.
Also indicted in the report are former Minister of Petroleum, Diezani Alison-Madueke, former Attorney Generals Mohammed Adoke and Bayo Ojo, former Minister of Defense and ex-National Security Adviser, Aliyu Gusau.
The report also names a long list of other senior government officials who shared hundreds of millions of dollars in the Malabu oil fraud deal.
According to SaharaReporters, the Italian prosecutors alleged that former President Goodluck Jonathan and several aides as well as top corporate officials of international oil firms, Eni and Shell, met several times between 2010 and 2011 to seal the fraudulent Malabu deal. and split a massive loot running into hundreds of millions
The report claims that the group shared a massive loot running into hundreds of millions between the Nigerian government and public interests as well as corporate officials.
Italian Prosecutors Accuse GEJ Of Involvement In Malabu Oil Fraud
According to the Italian prosecutor’s report, Dauzia Loya Etete, a Minister under Gen Sani Abacha popularly called “Dan Etete” and his Malabu company were at the center of the scam.
The fraudulent deal involved the sale of an oil bloc named OPL 245 illicitly acquired by Dan Etete in 1998.
According to the Italian prosecutors, Mr. Etete had engaged Zubelum Chukwuemeka Obi to source for buyers of the oil bloc.
Subsequently, Italian oil giant, Eni, the parent of the Nigerian Agip Oil Company Ltd (NAOC) and Royal Dutch Shell, contracted to acquire 100 percent of the 245 oil block for a deal that totaled $1.3 billion.
The investigators are alleging that much of the funds was set aside for fraudulent payments to president Jonathan and other government officials as well as corporate executives of Eni and Shell.
The report not only names a long list of officials of Shell and Eni, it also indicts the former president, Mrs. Diezani Alison-Madueke, Mr. Dan Etete, Mr. Adoke, former NSA Gusau, Mr. Obi, Mr. Ojo, and Alhaji Abubakar as beneficiaries from the Malabu Oil fraud.