ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Thursday, April 22, 2021
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Malabu Scam: Nigeria's former Minster of Petroleum Resources, Dan Etete, allegedly involved in the Malabu Scandal.

Malabu Scam: Nigeria's former Minster of Petroleum Resources, Dan Etete, allegedly involved in the Malabu Scandal.

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

Malabu and Aliyu Abubakar, a businessman, were re-arraigned alongside six other companies on a 67-count charge before Justice Inyang Ekwo of the Federal High Court, Abuja.

byAgency Report
September 8, 2020
2 min read
ADVERTISEMENT

The Economic and Financial Crimes Commission (EFCC), on Tuesday, re-arraigned 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 Inyang Ekwo of the Federal High Court, Abuja.

The companies listed in the charge are A-Group Construction Company Limited, Rocky Top Resources Limited, Mega Tech Engineering Limited, Novel Properties and Development Company Limited and Carlin International Nigeria Limited.

The suit marked: FHC/CR/268/2016, which initially had nine counts, was filed in 2016.

READ ALSO: Malabu Scandal: Shell ‘writes down’ OPL 245 licence

In the nine-count charge, Mohammed Adoke, former attorney-general of the federation (AGF) and Minister of Justice, including Dan Etete, a former Minister of Petroleum Resources, were mentioned in the suit.

However, the names of Messrs Adoke and Etete were removed when the defendants were re-arraigned in an amended 48-count charge on July 1, although the EFCC had denied dropping Adoke’s name from the case.

At the commencement of proceedings on Tuesday, Malabu Oil and Gas Ltd., Mr Abubakar and the other six companies pleaded not guilty to the charges against them.

The EFCC’s Lawyer, Bala Sanga, told the court that Malabu Oil alongside Dauzia Etete (Dan Etete), Seidougha Munamuna and Amaran Joseph, both directors of the company, who are currently on the run, “took control of the sum of $401,540,000 paid from the Federal Government of Nigeria Escrow Account No: 0041451493 IBAN 30CHAS609242411492 with JP Morgan Chase Bank in London into the account 2018288005 of Malabu Oil & Gas Limited domiciled with First Bank of Nigeria Limited.”

Mr Sanga alleged that Malabu Oil negotiated and signed the “Block 245 Resolution Agreement with the Federal Government of Nigeria with Shell Nigeria Ultra Deep Limited, Nigerian National Petroleum Corporation, Nigeria Agip Exploration Limited, and Shell Nigeria Exploration and Production Company Limited, whereby taxes, accruals and royalties due to the Federal Government of Nigeria were unlawfully waived.”

RelatedNews

Hunter allegedly kills ‘herder’ in Ondo

Reps minority leader demands Pantami’s resignation

Why meeting with Nigerian govt failed to hold – JUSUN

Bandits kill Amotekun operative in Oyo

Mr Abubakar, on the other hand, was accused of using his companies to receive monies which were proceeds from the Malabu Oil deal.

Justice Ekwo adjourned the commencement of trial to Sept. 10.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (1)
premiumtimes



PT Mag Campaign AD

Previous Post

Union Bank gets new directors

Next Post

NSCDC confirms death of kidnapped officer in Kaduna State

Agency Report

Agency Report

More News

Nigeria Correctional Centre Kaduna inmates (Source, folder)

Lawan, Gbajabiamila canvass reforms of correctional centres, police

April 21, 2021
National Assembly

Environmentalists demand passage of Nigeria’s climate change bill

April 21, 2021
NIGERIA: Nigerian police force

Police arrest protesting Uber, Bolt drivers in Lagos

April 21, 2021
Holding Cell at Ikoyi prison

Death Penalty 2020: China, Iran, Egypt lead in executions amidst COVID-19

April 21, 2021
Ahmed Lawan in plenary [PHOTO CREDIT: @NgrSenate ]

Senate investigates ‘lopsided’ appointment of NHRC board members

April 21, 2021
gunmen

Gunmen abduct construction workers in Ondo

April 21, 2021
Next Post
FILE PHOTO: Nigeria Security and Civil Defence Corps (NSCDC) personnel training in preparation for the 2019 General Elections in Port Harcourt on Monday (18/2/19). NSCDC have deployed 60,000 personnel nationwide for the elections. 01489/19/2/2019/Chidi Ohalete/BJO/NAN

NSCDC confirms death of kidnapped officer in Kaduna State

Football fans at an Italian Stadium

Italian football stadiums to remain closed

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


Explore Akwa Ibom Ad


Explore Akwa Ibom Ad


Access Bank Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,655,731 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
    • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.