Malabu Oil Deal EFCC files charges against Adoke, Etete, others over $1.1bn fraud

The charges were reportedly filed on Tuesday, December 20, 2016 at the Federal High Court in Abuja.

  • Published:
How ex-oil minister Dan  Etete siphoned $1 billion Nigeria oil money play

How ex-oil minister Dan  Etete siphoned $1 billion Nigeria oil money

24/7 Live - Subscribe to the Pulse Newsletter!

The Economic and Financial Crimes Commission (EFCC) has filed fraud charges against former Attorney-General, Mohammed Adoke over the shady ‎$1.1 billion Malabu oil deal.

The EFCC also filed charges against former petroleum minister, Dan Etete and a controversial businessman, Abubakar Aliyu for their involvement in the deal, Premium Times reports.

The charges were reportedly filed on Tuesday, December 20, 2016 at the Federal High Court in Abuja.

Adoke and former Minister of State for Finance, Yerima Ngama were said to have approved the transfer of about $1.1 billion into Nigerian accounts controlled by Mr. Etete.

ALSO READ: Buhari moves to extradite Adoke, Diezani, Obanikoro, others

The money, which was paid by major oil firms, Shell and ENI, was transferred to accounts controlled by Aliyu after the initial transfer to Etete.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.