5 things you should know about Malabu Oil deal and JP Morgan’s involvement

The Malabu Oil deal has been described as the most controversy deal in the new millennium.

Malabu Oilfield, popularly known as 'OPL 245', is believed to be the richest oil block in Nigeria and the Gulf of Guinea. The oil field is estimated to have over 9 billion barrels of crude oil in the deposit. As a result, it is a choice asset for many multinational oil companies operating in Nigeria.

However, this oil field has been a subject of controversies since 2011, and it is involving over 5 countries – Nigeria, Netherlands, Italy, London and United States of America.

Below are 5 important things, you should know about the Malabu oil deal.

Shell admits dealing with Dan Etete

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