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$1.1bn Malabu Oil Fraud: EFCC Files Fresh Charges Against Shell, Eni, Adoke, Etete, Others

Bildergebnis für malabu oil fraud

Dan Etete


Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission, EFCC, has slammed fresh corruption charges on two multinational oil firms, Shell, Eni and some prominent Nigerians for their roles in the $1.1 billion Malabu oil scam.

The charges were filed at an Abuja High Court on Thursday against the oil companies, nine other individuals and firms.

Others charged alongside Shell and Eni include two former Nigerian ministers, Mohammed Adoke (Justice) and Dan Etete (Petroleum), as well as businessman Aliyu Abubakar among others

They are accused of crimes bothering on conspiracy to defraud the Federal Republic of Nigeria.

This effort at pressing new charges forms part of an international collaboration to ensure all those who played a role in the $1.1 billion OPL 245 fraud are served justice.

The OPL 245 oil block is currently owned by the Nigerian government after a temporary confiscation  order granted by the court on EFCC’s application.

That order has been appealed by Shell and Eni. They are still laying claim of ownership of the oil block, having paid $1.1 billion to the Nigerian government in 2011. Unfortunately, big chunk of it allegedly ended up in private pockets of the individuals fingered in the scam.

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