Malabu $1.1bn‎: EFCC files fraud charges against Adoke, Etete, Aliyu

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EFCC has filed fraud charges against Nigeria’s former Attorney-General, Mohammed Adoke; a former petroleum minister, Dan Etete; and a controversial businessman, Abubakar Aliyu, and others for their roles in the ‎Malabu $1.1 billion shady deal.

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PremiumTimes once reported how Adoke and former finance minister, Yerima Ngama, approved the transfer of about $1.1 billion into Nigerian accounts controlled by Mr. Etete.

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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, UK, and Italy have found him culpable in the scandal. A 9-count charge was filed at the Federal High Court, Abuja, today.