The Economic and Financial Crimes Commission, EFCC has filed fraud charges against Nigeria’s former Attorney-General, Mohammed Adoke; a controversial businessman, Abubakar Aliyu and a former petroleum minister, Dan Etete and others for their roles in the Malabu $1.1 billion shady deal.
PREMIUM TIMES once reported how Adoke and former finance minister, Yerima Ngama, approved the transfer of about $1.1 billion into Nigerian accounts controlled by Mr. Dan Etete.
The money was paid by oil giants, Shell and ENI, into a FG account, for OPL 245, considered the richest oil bloc in Africa. After the transfer to Mr. Etete, over half of the money was paid to accounts of shady companies controlled by Mr. Aliyu.
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Although Mr. Adoke has repeatedly claimed he did no wrong, investigations by authorities in Nigeria, Italy and UK have found him culpable in the scandal. A 9-count charge was filed at the Federal High Court, Abuja, today.