A Nigeria court has ordered the arrest of two former top officials that are allegedly connected with back-door illegal payments in the 2011 acquisition of what is considered one of the biggest oil fields in Nigeria.

Ex-Oil Minister Dan Etete, former minister of Justice and Attorney General Mohammed Adoke, and five foreign nationals linked with the acquisition of the Malabu’s Oil Prospecting License 245 were declared wanted Wednesday by Justice Danlami Senchi of the Federal High Court, Abuja.

In court cases in Italy and Nigeria, parties to the transaction including Royal Dutch Shell Plc and Eni SpA, are accused of improperly settling disputes over the oil field. Both companies deny any wrongdoing.

The license had originally been awarded in 1998 by Nigeria’s military dictator, Sani Abacha, to Malabu, which his family owned with then-Oil Minister Etete. Under successive governments, the license was canceled, awarded to Shell, and then awarded to Malabu again before the 2011 deal.

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up for Our Newsletters

Get notified of the best deals on our WordPress themes.

You May Also Like

Mavin Records seal Partnership deal with Kupanda Holdings

Lagos-based Mavin Records has reported a multi-million dollar value speculation organization with…

Stability in Oil price depends on OPEC Deal

Cost of raw petroleum in the global market recorded another inversion, the…

Nigerian Private sectors to embark on 19 Federal Roads Projects

Emerging from President Muhammadu Buhari’s marking of the Executive Order 007, six…

Nigeria Founded Company Jumia see Shares Soars 75% On Its U.S. Debut as Africa’s Amazon Goes Public

As investors rushed to buy into the company’s plans to extend online…