Extracts from “Malabu malady”
October 24, 2016
Dan Etete was the miserable fellow who as Minister of Petroleum Resources under the late junta Gen. Sani Abacha in 1998 awarded this massive oil block to his firm, Malabu Oil and Gas. But he was not alone, he had numerous other cronies, including Abacha’s son.
Shell Petroleum Development Company is the conniver-in-chief and perhaps the lead player in this graft theatre.
Today, a committee of the House of Representatives is reviewing the Malabu malfeasance. But Mr. Abubakar Malami, the Minister of Justice and Attorney-General of the Federation, says the matter is too complex if not confusing for his office to understand.
Shell on its part, has as it is wont, hired top politician-attorney Chief Richard Akinjide to challenge the jurisdiction of the House Committee because of the litigations surrounding Malabu. Shell and Nigeria Agip Explorations reportedly paid out $1.1 billion supposedly to the Federal Government. But the money never made it the treasury. It was reported that former ministers Diezani Alison-Madueke (Petroleum), Mohammed Adoke (Justice) caused the money to be transferred to Malabu, which then spirited the money to various foreign bank accounts.