Idris

Posts by Idris:

Dan Etete

REVEALED: What Nigerian govt told UK court about Malabu OPL 245 scandal, Etete

The transfer of over $800 million to accounts controlled by Dan Etete from a Nigerian government account was fraudulent and in contravention of Nigerian laws, the federal government told a UK High Court. The money was part of the $1.1 billion paid by Shell and ENI for OPL 245, considered…

Prof. Yemi Osinbajo accompanied by Dr. Ibe Kachikwu

Malabu Scandal: Osinbajo, ENI, Kachikwu in closed door meeting

Nigeria’s Minister of State for Petroleum, Ibe Kachikwu, on Tuesday held a closed-door meeting with Acting President Yemi Osinbajo, with one of the major subjects of discussion being the Malabu OPL 245 scandal. Tuesday’s meeting comes about five days after Mr. Kachikwu told journalists that ongoing investigation and prosecution of…

IMG_20170423_215652

Messi scores two as Barcelona win ElClasico

Lionel Messi scored two goals to help Barcelona defeat Real Madrid in the Spanish League match played on Sunday night. Casemeiro put Madrid ahead in the 28th minute before Messi equalised four minutes later. Ivan Rakitic made it two for the visitors before Sergio Ramos was sent off for the…

Dame Patience Jonathan

Patience Jonathan’s $5.8 million: EFCC appeals ‘unfreeze’ order as Osinbajo absolves FG of blame

The anti-graft EFCC has appealed a court order to unfreeze a Skye Bank account belonging to the former first lady, Patience Jonathan. An official of the anti-graft agency confirmed this to PREMIUM TIMES on Wednesday. “We have appealed the order,” Wilson Uwujaren, said in a telephone interview. The Federal High…

Acting EFCC Chairman, Ibrahim Magu

Magu to remain acting EFCC Chairman as Presidency declares ‘full support’ for anti-corruption chief

The presidency on Tuesday gave the clearest indication yet that it would not succumb to the Senate and remove Ibrahim Magu as chairman of the anti-graft EFCC. The Senate recently refused to screen presidential nominees for the position of the resident electoral commissioners, saying it would not do so until…

epa05113059 (FILE) A file photo dated 30 July 2015 showing a company flag flying infront of the head office of Royal Dutch Shell in The Hague, The Netherlands. Royal Dutch Shell plc on 20 January 2016 reported a sharp fall in profits for the last quarter of 2015 as low oil prices hit earnings and the company restructured to reduce costs. Shell said it expected fourth-quarter earnings to be between 1.6 billion and 1.9 billion dollars, down from 4.2 billion dollars in the fourth quarter of 2014. Full-year earnings, including the impact of lower prices on the company's oil inventory, are expected to total 10.4 billion to 10.7 billion dollars, about 45 per cent lower than the 19 billion dollars reported in 2014.  EPA/JERRY LAMPEN [Photo Credit: Financial Times]

Malabu Scandal: After telling lies for years, Shell admits it knew Etete would benefit from $1.1 billion

After repeated denials in various countries, Anglo-Dutch oil giant, Royal Dutch Shell, on Monday finally admitted it had foreknowledge that the $1.3 billion itself and ENI paid to Nigerian government for the OPL 245 oil block licence would ultimately be used to settle convicted former Minister of Petroleum, Dan Etete.…

Emir of Kano, Sanusi Lamido [Photo Credit: Channels TV]

Emir Sanusi blasts conservative northern leaders, Zamfara governor; calls for family planning, others

The Emir of Kano, Muhammadu Sanusi, on Wednesday blasted conservative northern leaders who discourage attitudes and activities that, he said, would have developed the region. The emir spoke while delivering the keynote speech at KADINVEST 2.0, an event organised by the Kaduna Sate Government to encourage investments. Giving examples of…

House of Reps Speaker, Yakubu Dogara

We’ll make National Assembly budget public in 2017, Dogara pledges

The Speaker of the House of Representatives, Yakubu Dogara, on Tuesday pledged that the budget of the National Assembly will be made public in 2017. Mr. Dogara stated this at an interactive session with newspaper editors at his office in Abuja. “We will definitely open the books,” he said, while…

Shell

Malabu Scandal: How Shell used former British spies to gather intelligence while negotiating purchase of OPL 245

Multinational oil giant, Shell, set up an Intelligence network made up of some of Europe’s top spies which gathered information on some of the top actors involved in the infamous Malabu oil scam during the negotiations leading to payment of $1.1 billion for OPL 245, an investigation by UK-based Finance…

Former Minister Dan Etete, the man behind Malabu

Malabu $1.1 billion Scandal: EFCC files fresh corruption charges against Shell, Eni, Adoke, Etete, others

Nigeria’s anti-graft agency, EFCC, has filed fresh corruption charges against two multinational oil firms, Shell and Eni, for their roles in the Malabu $1.1 billion scandal. The charges were filed at the FCT High Court on Thursday afternoon against the oil majors and nine other individuals and firms. Some of…

adoke-and-etete

Malabu fraud: Why Nigerian Government retrieved OPL 245 from Shell, Eni

Nineteen years after it was first awarded to a controversial firm, OPL 245 has reverted back to the federal government. The block, considered the richest in Africa, is estimated to contain over 9 billion barrels of crude and even larger volume of gas reserves. For comparison, at Nigeria's current OPEC…

Former Minister Dan Etete, the man behind Malabu

Malabu $1.1 billion Scandal: Court orders OPL 245 returned to Nigerian government

The Economic and Financial Crimes Commission, EFCC, has secured a court order mandating the return of OPL 245 to the Nigerian government. The order was granted by Justice John Tsoho of the Federal High Court on Thursday morning, pending "the conclusion of investigations..." by the EFCC. OPL 245, considered the…

building-near-transcorp

EXCLUSIVE: Top Nigerian businessman wanted for “international corruption” in Italy

He may be the owner of Abuja's most luxurious building and a friend to several Nigerian government officials, past and present, but the noose is tightening on Aliyu Abubakar in Nigeria and in Europe. [caption id="attachment_219312" align="alignright" width="248"] Aliyu Abubakar[/caption] About a week after Nigeria's anti-graft agency, EFCC, filed money…

adoke-and-etete

Malabu $1.1 billion scandal: Like Nigeria, Italy ready to prosecute citizens, firms involved in scandal

A few days after Nigeria commenced prosecution of persons involved in the OPL 245 scandal, Italian officials are also set to commence prosecution of Italians and firms involved in the shady deal. As part of their findings, Italian prosecutors said officials of Italian oil giant, Eni, may have received $50…

adoke-and-etete

Malabu $1.1 billion: Why EFCC charged two former Nigerian ministers Adoke, Etete, for fraud, money laundering

Eighteen years after Nigeria's richest oil block, OPL 245, was controversially awarded to a new company, the then petroleum minister has been charged for crimes related to the block. Dan Etete was petroleum minister in 1998 under the military dictator, Sani Abacha, when the block was awarded to Malabu Oil…

Former Attorney-General,  Bello Adoke

Malabu $1.1 billion‎: EFCC files fraud charges against Adoke, Etete, Aliyu

The anti-graft EFCC has filed fraud charges against Nigeria's former Attorney-General, Mohammed Adoke; a former petroleum minister, Dan Etete; and a controversial businessman, Abubakar Aliyu, and others for their roles in the ‎Malabu $1.1 billion shady deal. The 9-count charge was filed at the Federal High Court, Abuja on Tuesday,…

Tokunbo at Alaba Market

INVESTIGATION: Inside Nigeria’s toxic ‘Tokunbo’ trade

Whenever 44-year-old Umeh goes to Billstrasse, Hamburg's main district for used electrical and electronic equipment (EEE), his main task is how to get the best deals for used products. Crammed with various shops and garages, about half of which are devoted to sale and transportation of used goods, Billstrasse is…

Symbol of law and justice, law and justice concept, focus on the scales

Eight more Nigerian judges to be arrested in SSS clampdown

At least eight more senior judges in Nigeria are being investigated for corruption and may be arrested anytime from now, PREMIUM TIMES has learnt. The eight are part of 15 judges that are being investigated by the State Security Service for alleged corrupt practices. Already, seven judges were arrested between…

Former Minister Dan Etete, the man behind Malabu

Malabu $1.3 billion scandal: Dutch investigators question Shell officials

Officials of Shell, the multi-national oil firm at the heart of one of the largest oil heist in Nigeria, have been questioned by Dutch investigators for their roles in the deal. PREMIUM TIMES had reported how Shell and Italian oil giant, Eni, agreed to secretly pay $1.3 billion to Malabu…

Muhammadu Buhari in an Aljazeera Interview

Buhari drags Nigeria into Saudi-led Islamic coalition against terrorism

Nigeria will join the Saudi Arabia led coalition of Muslim countries against terrorism, President Muhammadu Buhari has said. Mr. Buhari stated this in an interview with Aljazeera Television. "We are part of it because we have got terrorists in Nigeria that everybody knows which claims that they are Islamic," the…

Former Minister Dan Etete, the man behind Malabu

Acting President Osinbajo, Attorney General Malami in turf war over $1.3 billion Malabu scam

On Thursday, January 28, Ibrahim Magu, the acting chairman of Nigeria's anti-corruption agency, the Economic and Financial Crimes Commission (EFCC), received a letter. The two-paragraph letter from the office of the Attorney General of the Federation and Minister of Justice, made only one request from the anti-graft chief. Signed by…

Former Minister Dan Etete, the man behind Malabu

EXCLUSIVE: Shell, Eni in fresh trouble as Nigeria begins moves to withdraw OPL 245

The Nigerian government is set to retrieve one of Africa's richest oil blocs from oil giants, Shell and Eni, PREMIUM TIMES has learnt. Not only will the two oil giants lose OPL 245, should President Muhammadu Buhari approve the recommendations, they will also be fined billions of dollars for illegal…

Former President Goodluck Jonathan

$1.1billion Fraud: British Judge questions Jonathan’s integrity, stops Etete from getting N17 billion

A British Judge on Tuesday refused to release $85 million (N17 billion) to Malabu, a fraudulent company controlled by Nigeria's former petroleum minister, Dan Etete. In refusing to release the money to Malabu, Justice Edis of the Southwark Crown Court declared that he was not sure the administration of President…

Former Minister Dan Etete, the man behind Malabu

Malabu OPL245 Fraud: Dan Etete wants Nigeria’s N17 billion

British court will on Tuesday, December 15, decide whether  $85 million (N17 billion) frozen by UK authorities should be released to a fraudulent company, Malabu Oil and Gas, controlled by ex-convict, Dan Etete. The money, frozen at the request of Italian authorities, is part of the $1.092 billion paid by…

Boko Haram

BudgIT: Using data journalism to simplify Boko Haram, budget in Nigeria

When President Muhammadu Buhari on November 18 ordered the arrest of Nigeria‘s immediate past National Security Adviser, Colonel Sambo Dasuki (rtd), one major reason was given. Mr. Dasuki and several others had been indicted by a presidential panel of mismanaging billions of dollars; money meant to procure arms for the…