EXCLUSIVE: Obasanjo speaks on Malabu $1.1 billion scandal, tackles Adoke

Former President Olusegun Obasanjo [Photo credit: Ventures Africa]
Former President Olusegun Obasanjo [Photo credit: Ventures Africa]

Former President Olusegun Obasanjo on Monday warned a former Attorney-General of the Federation, Bello Adoke, to cease further mention of his name in the controversial $1.1 billion Malabu Oil deal.

In an exclusive interview with PREMIUM TIMES from Addis Ababa, the former president said he considered the controversial award of OPL 245 oil field licence as the “height of corruption,” and, as such, could not have participated in negotiations that led to it.

“I don’t support that kind of conduct,” Mr. Obasanjo said in his first reaction to the intercontinental oil scandal that has haunted three administrations for nearly a decade.

The rebuttal came a day after Mr. Adoke distributed excerpts of a petition he sent to the Attorney-General of the Federation, Abubakar Malami, alleging victimisation and persecution by the Economic and Financial Crimes Commission (EFCC).

Mr. Adoke told his successor to call the anti-graft agency to order because he was not the only official who acted on behalf of Nigeria in brokering the Malabu Oil deal with international oil majors that included Shell and Eni.

He specifically mentioned Mr. Obasanjo’s name, alongside his two successors and their appointees.

“I believe it is your responsibility to explain to the public who are being sold a fiction that the transaction started from President Olusegun Obasanjo, GCFR under whose administration the Terms of Settlement were brokered with Chief Bayo Ojo, SAN, as the then Attorney General who executed the Terms of Settlement before the tenure of President Goodluck Ebele Jonathan, GCFR who approved the final implementation of the Terms of Settlement and my humble self who executed the resolution agreements,” Mr. Adoke said in the petition dated March 6.

“This is more so as the settlement and its implementation were situated in the Federal Ministry of Justice,” he added.

The petition was sent three days after Mr. Adoke accused the EFCC of lending itself to manipulation by powerful political interests, after the anti-graft agency slammed fresh charges of money laundering against him and one of his associates, Aliyu Abubakar, accusing them of sharing millions of dollars in fraudulent proceeds.

In the charges, filed at the Abuja Division of the Federal High Court, the EFCC said Mr. Adoke exchanged more than $2.2 million at a bureau de change in Abuja as part of his share of the controversial $1.1 billion Malabu Oil deal.

Prosecutors believe Mr. Abubakar‎, the controversial owner of A.A. Oil Ltd., acted as middleman in the questionable deal.

The EFCC said in the court filings that Mr. Adoke took delivery of $2,267,400 on September 16, 2013, and immediately got money changers to convert it to naira.

Based on the prevailing exchange rate at the time, Mr. Adoke made N345.2 million after successfully converting the funds. He subsequently deposited the money into a Unity Bank account to offset an outstanding overdraft of N300 million, court documents showed.

But Mr. Adoke denied the allegations, saying the EFCC knew the facts of the case but was deliberately muddling them up to confuse “gullible” Nigerians and malign him.

In his petition to Mr. Malami, the former AGF asked his successor to save him from “unwarranted attacks and dehumanising treatment” just because he “chose to serve” his “fatherland.”

He told the attorney-general that some other former government officials took part in the controversial deal and gave approvals.

“It will be recalled that the Terms of Settlement encapsulating details of the Settlement between the Federal Government of Nigeria (FGN) and Malabu Oil & Gas Limited (Malabu) was executed on 30th November 2006.

“The Terms of Settlement, which was later, reduced into a Consent Judgment of the Federal High Court; Abuja was brokered by our predecessor in office, Chief Bayo Ojo, SAN and signed on behalf of the Federal Government of Nigeria by the then Honourable Minister of State, for Petroleum Resources, Dr. Edmund Daukoru, during the administration of President Olusegun Obasanjo, GCFR.”

He wondered why the EFCC had not invited those officials, especially since they did not deny their alleged roles.

The spokesperson for the EFCC, Wilson Uwujaren, could not be reached for comments Monday afternoon. His known telephone lines were switched off.

FIERCE DENIAL

But Mr. Obasanjo, who clocked 80 earlier this month, admonished Mr. Adoke to concentrate on rendering accounts of his actions while in public service and stop dropping his name in the matter.

“Adoke and others should not drag me into a matter I know nothing about,” Mr. Obasanjo said. “If they have been asked to answer questions over decisions they took while in office, they should do that honourably.

“They should not bring Obasanjo into an Etete deal. I was not part of any such deal.”

Mr. Obasanjo said it was inappropriate for any government functionary to “appropriate to himself or herself what he or she is in charge of.”

“If I hold that view, I could not have approved a deal with Dan Etete. What Etete did is the height of corruption. He appropriated the asset to himself illegally, illegitimately and immorally,” Mr. Obasanjo said.

PREMIUM TIMES had reported how Mr. Etete as petroleum minister in 1998 awarded the oil block to Malabu, a company which he partly owned.

The administration of Mr. Obasanjo granted approval for the re-award of OPL 245 block to Malabu Oil and Gas Ltd., but when he was reminded of this fact on Monday, the former president stood his ground, saying he could not recall assenting to such a deal.

“I can’t remember giving approval that the block be given back to Etete,” Mr. Obasanjo said.

Mr. Obasanjo challenged anyone to produce proof that he took part in returning the oil field to Malabu, saying Mr. Ojo and Mr. Daukoru might be in better position to explain what actually transpired.

“We gave it back to Malabu? On what ground? Do you have any such evidence?

“Ask Bayo Ojo and Edmund Daukoru what really happened because the stand I took at the time was unassailable.

“If Daukoru has evidence that I approved that the block be given back to Malabu or Etete, let him produce it.

“If it is proven that I indeed approved the deal, I will be willing to apologise to Nigerians. But we have to get to the bottom of it all,” the former president said.

‘PRESIDENTIAL APPROVAL’

PREMIUM TIMES reporting had shown how Edmund Daukoru, the minister of state for Petroleum during the Obasanjo administration, wrote to Shell retrieving the block, and then re-awarding same to Malabu in what he described as a product of out-of-court settlement with Malabu.

That action triggered a massive lawsuit by Shell and Eni.

Available documents, including an award letter, signed by Mr. Daukoru, claimed that the former president authorised the return of OPL 245 to Malabu. Mr. Obasanjo says he doubts the integrity of the letters that emanated from Mr. Daukoru, now a traditional ruler in Bayelsa.

“We refer to the above subject matter and are delighted to convey to you that the President of the Federal Republic of Nigeria and Commander in Chief of the Armed Forces having concluded a review of your legal claims for the return of oil block 245 (OPL 245) has graciously approved and directed as follows:

“That the federal government of Nigeria is amendable to an out of course settlement of the claims comprised in the legal proceedings commenced by Malabu Oil and Gas Ltd. and consequently has agreed to settle your legal claims for the return of the oil block constituted as OPL 245.

“The said oil block 245 (OPL) shall from the date hereof and with immediate effect, be returned to MALABU OIL AND GAS LTD with full and total reinstatement of all its rights thereto.

“Any and all previous decision inconsistent with or purporting to deprive MALABU OIL AND GAS LTD of its rights over the totality of the concessions in the said OPL 245 shall stand absolutely and totally rescinded as if they had never been made,” Mr. Daukoru said in the December 2, 2006 letter, with reference number: HMSPR/TA/008.

As part of the settlement, Mr. Daukoru said Malabu would withdraw its pending case against the Nigerian government from the courts and pay a total sum of $210 million for signature bonus including the $2 million previously paid by the firm.

Malabu never paid that signature bonus.

Mr. Dakouru also said Malabu “shall be free to assign, pledge or deal in any way with its restored rights over OPL 245, in whole or in part to any 3rd party” in accordance with Nigerian law.

To appease Shell, Mr. Daukoru said the Obasanjo administration had “decided to award Shell Nigeria Ultra Deep Ltd. a present concessionaire an alternative oil block with comparable potential and hydrocarbon prospectivity (sic).”

Indeed, in a letter dated December 1, 2006, which was also personally signed by him, Mr. Daukoru told Shell that it should back down on all claims to OPL 245, promising to grant the Dutch oil giant another field with similar crude potentials.

“Shell is to forego block 245 to Malabu while government provides a mutually acceptable substitute of comparable potential against the $210 million, which Shell has already paid or will be expected to pay as signature bonus,” Mr. Daukoru said in the letter he addressed to Basil Omiyi, the Managing Director of Shell Petroleum Development Company at the time. The letter had reference number: HMSPR/TA/007.

PREMIUM TIMES could not reach Mr. Daukoru on Monday to clarify if he indeed got Mr. Obasanjo’s approval to take the decisions and to weigh in on the integrity of that award letter.

However, knowledgable oil and gas sources who worked with the former minister wondered if he could have taken such actions without presidential approval.

The then attorney general, Bayo Ojo, could also not be reached on what legal opinion was available for the transaction. Aides familiar with his schedules said he was “traveling and will be expected back in town next week.”

Shell and Eni paid the total of $1.1 billion in 2011 in a deal brokered by Mr. Adoke.

Mr. Adoke authorised the transfer of the $1.1 billion paid by the oil firms into private accounts of Mr. Etete, who further transferred a large part to Mr. Abubakar.

Investigators suggested Mr. Abubakar might have acted as a front for some officials of the Goodluck Jonathan administration, including Mr. Adoke. ‎

Shell, Eni, Mr. Adoke and Mr. Etete, who initially approved the lease award of the OPL 245 while he was petroleum minister in 1998, have all denied wrongdoings.

But Italian prosecutors said late last year they had enough grounds to charge Shell, Eni, and their executives alongside  Nigerians involved in the controversial deal for fraud in Milan.

In separate charges filed late 2016, the EFCC accused Mr. Adoke and Mr. Etete of defrauding Nigeria in the OPL 245 deal.

The Department of Petroleum Resources said last December that Mr. Adoke and other officials of the Jonathan administration who participated in the concession of the lucrative oil field to Shell and Eni did not follow due process.

Mr. Adoke, who is currently in the Netherlands for study, had maintained his innocence and pledged to make himself available for trial. He is however yet to make himself available for interrogation or attend trial since the matter began.

The Nigerian government in January repossessed the lucrative oil block, which is believed to hold about nine billion barrels of crude oil and even larger quantity of natural gas.


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  • AryLoyds

    First thing first , the government should publish all the owners of oil blocks in the Niger Delta.Then we would know those looting this country and same time claiming one Nigeria

    • Citilawandcases

      @aryloyds:disqus: In June 2014, the United States
      Justice Department in Washington D.C said it has begun criminal investigation
      of two counter-parties to this OPL 245 transaction.

      On the wording of ‘an obligor’
      that the daft Muhammed Adoke inserted, Goodluck Jonathan may just be
      one of the two ‘counter-parties’ now under investigation for money-laundering
      in United States of America. And hence, General Aliyu Gusau will stand implicated
      as co-accused for sharing in the loot, according to the findings of Italian prosecutors.

      • share Idea

        Has GEJ not challenged anybody that can proof that he has account or building outside Nigeria to provide same.

        How can he launder money in USA when he does not have account over there? or Have you provided any accounts in Nigeria where he transferred the money from.

  • Crude Oil Observer

    @AryLoyds:disqus

    Yes; OBASANJO LIED, but here’s the issue…….

    Unless we are to assume that Obasanjo was just prancing around without being in charge as president,
    we must assume that OBASANJO LIED over this matter because indeed his Minister of State for Petrol,
    Dr. Edmund Daukoru, wrote and delivered official letters to both Malabu Oil and Shell Oil, notifying both
    companies that President Obasanjo has re-vested ownership of OPL 245 on Malabu Oil with a promise
    that Shell Oil company will be given alternative oil bloc (off shore) as compensation for lost ownership.

    Obasanjo’s lie is .obvious. But regardless that Obasanjo lied – because he likely has something to hide –
    it’s not true the narrative remained the same up till the present case. At the time Obasanjo did his own
    wrongs in office, the deal was bilateral and concerned only Malabu Oil and Shell – and with no other party.
    It was under President Jonathan that Adoke worked out a new and reverse deal to rather vest OPL 245 on
    Shell Oil. This Adoke new deal has no connection with the Obasanjo deal vesting OPL 245 on Malabu Oil.

    • ::????????

      • If Shell Oil company paid over $200million+ as signature bonus for OPL 245,
      according to President Obasanjo’s Minister of Petroleum, Dr. Dakoru, then, why
      did Eni/Agip pay another $200million latterly, which was said to be signature
      bonus, again, for the same OPL 245 bloc, according to Adoke Muhammed?

      • Can Nigeria’s Minister of Finance show proof that both signature bonus payments
      totaling $420 million were truly remitted into the federation account and not merely
      asserted as smokescreen for yet another illegal sale of a portion of OPL 245 to
      Eni/Agip which was only disguised as yet another signature bonus?

      • How did Eni/Agip become involved in OPL 245 sale and purchase under
      President Jonathan when Agip/Eni was never before then an allotee or an
      interested party in OPL 245, such that it was Eni/Agip which paid the entire
      $1.1 billion – rather than Shell Oil company which was contesting OPL 245
      ownership with Malabu Oil company?

      • speechtherapy

        My brother, I laugh when I read a lot of the fairy tales about this block from sources like Premium and Sahara who are themselves being funded and directed by some disgruntled individuals who lost out in the high wire politics surrounding the block. The signature bonus was initially $20M of which Malabu paid $2M. At the time, Malabu brought Shell in as technical partner who was supposed to pay the balance, Shell conspired with OBJ/Atiku/Fasawe to take the block away from Malabu. Shell was then reawarded the block for a signature bonus of $210M, Malabu went to court, court reinstated ownership to Malabu. Shell went to court, ICC and was likely to secure damages from FG, all parties subsequently agreed to a settlement (during the GEJ era) from where the signature bonus of $210M was taken at source by the FG, $200M paid into a London court pending the outcome of the case against Malabu by one of its consultants and the balance paid to Malabu.

        Forget the denial of OBJ, he agreed to the settlement agreement and return of the block to Malabu thinking he could bring in his own interests through his friend Otunba Fasawe using Pecos Energy but unfortunately, this did not play out till he left office because Shell had gone to court to stop the reaward to Malabu and it took some more years for anything to happen. This is story is long and wreaks of official malfeasance from many so called leaders in our society, in fact, I will serialize this story it once I get the chance…..

  • Spoken word

    the money these thieves stole will only bring them bad luck and curses.

  • George

    Same OBJ who told us few days ago how he almost slap his teacher for asking him his father name over 70years ago couldn’t remember what happens few years ago.

    Yorubas liars from the pit of hell.

    If Etete that owned the oil couldn’t approved to him who could he have approved to.

    Abacha gave Danjoman one oil block and one to Etete but nobody quires Danjuman except Etete.

    Silly Nigeria

    • share Idea

      Pls don’t mind the drama players in Nigeria

  • Rommel

    If the mentioned Mr. Daukoru and Bayo Ojo are alive,they must speak up because it appears that OBJ is subtly accusing them of criminal forgery

    • Nkem

      I think we should be careful not to fall into Adoke’s trap here. He is accusing the Obasanjo people of approving that OPL should be given back Malabu just like that. Obasanjo is denying that he authorised such a deal. In fact the letter above published by Premium Times shows that Adoke is lying. The letter said that OPL 245 would be given to Malabu after they would have done what should have been done in the first place – pay the appropriate signature bonus, which Etete did not pay before awarding the Block to himself. Adoke should prove to us that Malabu paid the $210 million which the agreement said before they gave the licence to Malabu. If not, then it is criminal conspiracy between him, Jonathan and Etete.

  • CHIKE CHUKWUNYEM

    Baba Iyabo claims that he could not have participated in such a transaction. But it was under his administration that the NUC gave approval for Bells University(owned by Baba Iyabo and his relatives) to start operating as a private university. It seems as if we are too quick to forget certan things.

  • Fairgame

    Why is it that there is so much angst over Niger delta oil? The political structure in Nigeria is a criminal enterprise set up for the sole purpose of stealing the Niger delta oil resources under the guise of one Nigeria. It is remarkable that only the Igbos want to go their way and not care about the Niger delta oil while the other two ethnic blocs Hausa Fulani and Yoruba hate the idea of leaving Niger delta oil for Niger deltans. Sad. Every time people abuse and kill themselves it is about which group has access to the oil resources.

    • marcos avelino

      Why niger delta oil? Who created niger delta ? If no nigeria then no niger delta. They were totally separate people before nigeria. so it should be each hamlet to be a country alone with its oil. moron

  • speechtherapy

    This Obasanjo is such a liar! Tufia! The story will come out, he and Atiku will eventually explain the role they played in trying to bully Malabu into accepting their company Pecos (represented by Fasawe) into the company as a precondition for re-awarding the block. Etete and Co, may not be innocent but there is a lot to this story that the world doesn’t know…

    Time will tell…

  • FreeNigeria

    hear the old crook, “I don’t support that kind of conduct,” I go for more and everything. OBJ the father of everything bad in Nigeria.

  • Manmbombano123

    The ball is on the Adoke’s court, produce the evidence where OBJ was involved

    • thusspokez

      Like your, Adoke is not the law enforcement agency. It is not his job to investigate Obasanjo and provide evidence.

  • GabUm2

    Those pursuing this vindictive effort will get what they justifiably deserve. A review of all the oil block awarded to date and their justification would be more responsible. Why do some people feel they must retrieve that OPL 245 for themselves while masquerading as corruption fighters? Let Justice manifest…!!

  • Rollingdollar

    Let’s not forget Obasanjo was the minister of petroleum when this deal was consummated. Now he’s playing ‘dumb ‘
    Nigerians our mumu don do.

  • Law

    How can any reasonable person ever believe Obasanjo, ever Mr. Right and grand master of corruption

    • thusspokez

      Indeed, how could any rational person believe a certified liar, egotist and ego massager with false sense of his self-importance.

  • endipin

    This is how the so called leaders are stealing our commonwealth and we foolishly hail them. What a sad situation.

  • Dazmillion

    The Ota gorilla cannot deny his involvement in this issue. OBJ was the minister of petroleum.

  • NwaIgbo

    Lie Baba Obasanjo, your fingerprints are all over this Malabu grand scam. When I was young I was told that old men don’t lie but for you that is your trade mark. With my own ears, I heard you bragging how you made the former hairdresser a millionaire just like that. How did that happen? Your Presidential Library, how did that happen? Why are we still in darkness after the billions spent on power? You almost sold off every thing Nigeria owns until Yara Dua retrieved some. You schooled Jona on the act of stealing only to turn around and begin to lampoon him. Baba, you tire all us, please leave us alone.

  • Say the truth

    We are dealing solely with criminal diversion of government funds here. Granted obasanjo and others drafted terms and transferred the oil block without ensuring the signature bonus was paid. But when the money was paid what happened to the money is the crux of the matter now. Adoke and Etete are very culpable because ” Mr. Adoke authorised the transfer of the $1.1 billion paid by the oil firms into private accounts of Mr. Etete, who further transferred a large part to Mr. Abubakar. It is a criminal offense of treasonable magnitude for Adoke to have ordered the payment of 1.1 billion dollars into a private individual’s account.

    • Nkem

      The letter also said that the agreement was reached subject to Malabu paying $210 million as signature bonus. Adoke claimed he was implementing an agreement reached by Obasanjo. But the purported agreement gave Malabu a condition to pay the appropriate signature bonus. So Adoke should show us evidence of payment of $210 to government, which made Jonathan to transfer the oil to Malabu?

      • dave jacob

        “Shell and Eni paid the total of $1.1 billion in 2011 in a deal brokered by Mr. Adoke.” “The Department of Petroleum Resources said last December that Mr. Adoke and other officials of the Jonathan administration who participated in the concession of the lucrative oil field to Shell and Eni did not follow due process.”

        With these statements from PT, Malabu got the oil block back during OBJ/Etete period while it reverted to the ownership of Shell and EnI during Adoke/ GEJ time. For EFCC to do an unfair work, Daukoru, Bayo Ojo and all involved in the deal during OBJ’s time should be called to talk. That they were left out is part of the determination of PMB not to indict OBJ over whom numerous indictments hang. That you said Jonathan transferred the oil bloc back to Malabu is wrong. That the oil bloc was concessioned to Shell and Eni during Adoke/ GEJ time which the present gvt of PMB said did not follow due process is what engendered the charge against Adoke, Etete, Shell and Eni. Read the story very well and do not turn issues upside down for personal reasons.

    • GusO

      And also to personally receive over $2.2 million.

  • Arabakpura

    You see what happens when recess effect takes place? Especially where an elderly man is concerned; now, we need to replace Obasanjo’s brain hard-disk if we are to make appreciable progress on this! I don’t even know whether the battery is available in Nigeria!

    • Dawood

      Lol.

  • thusspokez

    “I don’t support that kind of conduct,” Mr. Obasanjo

    How else did Obasanjo become an overnight Naira billionaire?

  • thusspokez

    “Adoke and others should not drag me into a matter I know nothing about,” Mr. Obasanjo said. “If they have been asked to answer questions over decisions they took while in office, they should do that honourably.

    Obasanjo was the president then, and given the size of the deal, there is no way any president would not know about it. Obasanjo is however now claiming to be a benighted president — which is in contradiction of how he likes to present himself to the Nigerian people.

  • GusO

    The most important thing is whether Obasanjo benefited from the oil well sale. If not, it does not matter because Adoke personally benefited from the oil well sale which transpired well after Obasanjo left office and Jonathan was in office. The Italians even suspect that Jonathan used Mr. Abubakar as a front. Mr Adoke should stop grasping at straws while his boat is sinking.

  • Nkem

    We should be careful not to fall into Adoke’s trap here. Adoke claimed that they were only implementing Obasanjo’s agreement with Malabu by handing OPL 245 back to Etete free of charge. Obasanjo is denying that he authorised such a deal. In fact the letter published by premium times above indicate that this transfer of OPL 245 back to Malabu was conditional on payment of $210 million (by Malabu), which is the appropriate signature bonus. Apparently, Malabu did not pay, so Obasanjo government did not transfer the asset to Malabu. The onus is now on Adoke to prove to us that Etete actually paid the appropriate signature bonus before the transfer as per the ‘agreement’. If not, then this is taken as a criminal conspiracy between his (Adoke), Jonathan and Etete.

    • Daniel

      Relax ! From Halliburton to Malabu?

      OBJ needs to explain himself in court.

      • Nkem

        Interestingly (and you obviously do not know this) Obj is the only person that the Nigerian government has attempted to prosecute on Halliburton. The matter went to court but was thrown out by the court. Maybe what you need to find out is the reason for why the government failed to obtain a conviction.

        • Daniel

          OBJ innocent ?

          Who are those killing Nigeria?

          Please do not be naive on the real issues with Nigeria.

    • dave jacob

      “PREMIUM TIMES had reported how Mr. Etete as petroleum minister in 1998 awarded the oil block to Malabu, a company which he partly owned.” “PREMIUM TIMES reporting had shown how Edmund Daukoru, the minister of state for Petroleum during the Obasanjo administration, wrote to Shell retrieving the block, and then re-awarding same to Malabu in what he described as a product of out-of-court settlement with Malabu.” “As part of the settlement, Mr. Daukoru said Malabu would withdraw its pending case against the Nigerian government from the courts and pay a total sum of $210 million for signature bonus including the $2 million previously paid by the firm.
      Malabu never paid that signature bonus.” “PREMIUM TIMES could not reach Mr. Daukoru on Monday to clarify if he indeed got Mr. Obasanjo’s approval to take the decisions and to weigh in on the integrity of that award letter.
      However, knowledgable oil and gas sources who worked with the former minister wondered if he could have taken such actions without presidential approval.” “Available documents, including an award letter, signed by Mr. Daukoru, claimed that the former president authorised the return of OPL 245 to Malabu. Mr. Obasanjo says he doubts the integrity of the letters that emanated from Mr. Daukoru, now a traditional ruler in Bayelsa.”

      From the statements above as revelations from Premium Times, Malabu got the oil block despite not paying the “signature bonus”, It is clear in those revelations. Please do not misinform the public. Obasanjo was a crook during his 8-year sojourn in the presidency, and indictments hang over him like his cap.

    • dave jacob

      “The Department of Petroleum Resources said last December that Mr. Adoke and other officials of the Jonathan administration who participated in the concession of the lucrative oil field to Shell and Eni did not follow due process.” With this statement from PT, Malabu got the oil block back during OBJ/Etete period while it reverted to the ownership of Shell and EnI during Adoke/ GEJ time. For EFCC to do an unfair work, Daukoru, Bayo Ojo and all involved in the deal during OBJ’s time should be called to talk. That they were left out is part of the determination of PMB not to indict OBJ over whom numerous indictments hang.

    • dave jacob

      I meant Malabu got the oil bloc back during the OBJ/Daukoru period not OBJ/Etete period before it went back to Shell and Eni during the Adoke/GEJ time. The EFCC is attacking the transfer to Shell and Eni of the Adoke and GEJ time in (2011) without attacking the root of the scandal, which is the Daukoru and Obasanjo time of 2006.

  • Daniel

    Very funny !

    So OBJ says he is ” willing to apologise “, if found culpable in this deal.

    The high and mighty in this clime hardly go to jail, except they commit a political sin.

    What a double standard !

  • dele20

    This APC led administration absolutely goes against corruption

  • dele20

    Let we the entire Nigerians, irrespective of our tribes be supported to this present administration and say no to corruption for the betterment of our nation and future “I. e the generation to come”

  • TDaniels2

    Before you chop off their heads, we need Mangu to be confirmed as EFCC head, no magomago!
    No to Malibu
    OPL245 awarded to Etete’s company while he was the Petroleum minister = guilty!
    OPL 245 sold to Shell by Malibu, = Guilty, Shell can not legally own a criminal asset or stolen property!
    OPL 245 purportedly reassigned to Malabo by FG by Dakuro, sounds fishy! Need proofs, was signature bonus paid by Malibu or was the funds credited to FG or why was the field given to Malabo if Shell has paid Malibu for the asset? Were refunds made to Shell for this? Did Shell a new OPL as compensation as promised by Dakuro?
    If the asset, OPL was already transferred to Malabo, why was FG involved again in the transfer of the asset from Malabo to Shell and Eni? Why was $1.1billions paid to FG by Shell and Eni? Should the sale proceeds not have gone to Malabu for the transfer of OPL245? Why was the $1.1billions not paid into the FG account? How come the money was shared?

    Mr Adoke, Mr Jonathan, Mrs Diezani Madueke, we need answers. We need them fast?

  • isaac

    If Etete had shared his largess with Mr. Ex President, he wouldn’t have been pronounced guilty
    Mr. Ex president, you have to answer us on all the corrupt practices during your regime in which you are playing Mr. Clean!

  • Jonyinternational, USA

    The first republic leaders in the name of Azikiwe, Awolowo and Abubakar
    kept the corruption within tolerable limits and Nigeria made some
    reasonable progress. Unfortunately, the military coups and subsequent military governments converted Nigeria into a criminal enterprise. Corruption destroys nations. No nation with this level of corruption will ever survive. It is only a question of time before Nigeria destroys itself. To stop corruption requires cleansing the judiciary and the law enforcement and then creating a new precedent of probity by probing all previous governments, officers and associates of Generals Gowan, Muritala Mohamed, Obasanjo, Buhari, Babangida, Abacha, Abubakar, and the subsequent governments of Obasanjo/Atiku, Yaradua, Jonathan and the present goverment. From the era of military governments, unbridled stealing of government treasury with reckless abandon became the norm in Nigeria. No nation with this behavior will ever survive. The Malabu story with Dan Etete/Obasannjo and Abacha’s son seem to be only a small part of the big story that is Nigeria. What of the 15 billion US Dollars that disappeared from the government coffers during Babangida’s regime? What of Buhari putting the NNPC fund into his persona account to yield interest? All these are criminal behaviors. In essence, the country’s leadership has been running a criminal enterprise with the country’s fund and yet, they are all free in the society. God help Nigeria!