Malabu Oil deal violated money laundering laws – Witness tells court
Mr Temitope Erinomo, a prosecution witness, told the Federal High Court, Abuja on Thursday that Malabu Oil and Gas Limited and six other companies charged with fraud in the Oil Prospecting Lease 245 transactions, violated money-laundering laws.
Court orders arrest of former Nigeria petroleum minister
Justice Idris Kutigi of Abuja High Court on Thursday ordered the arrest of former Nigeria petroleum minister Dan Etete over his alleged involvement in the fraudulent Malabu Oil deal. The prosecutor, Bala Sanga, in an exparte application informed the court that Etete's arrest is pivotal to unravelling the details of the oil deal. Justice Kutigi…
Judge jails Nigerian, Italian in Malabu oil scandal
An Italian judge in a first ruling yesterday sentenced two defendants to a four-year jail term over their involvement in one of Nigeria’s biggest oil industry’s corruption scandals. Nigerian Emeka Obi and Italian Gianluca Di Nardo were found guilty of international graft but their lawyers declined to comment, according to Reuters. The long-running case revolves…
ANEEJ urges UK, US, Swiss to implement post-GFAR agenda
Africa Network for Environment and Economic Justice, ANEEJ, has urged UK, US and Swiss Embassies to build alliance with Nigerian Asset Recovery Network to develop...
Court adjourns hearing on Malabu oil deal
Hearing on various applications over the rightful ownership of the Oil Prospecting License (OPL) 245 was stalled yesterday at the Federal High Court following inability to serve counsel to Malabu Oil with notice.
Court fixes July 5 for hearing in Malabu Oil suit
A Federal High Court in Abuja yesterday deferred hearing on the preliminary objections to the suit filed by Malabu Oil and Gas Limited against the Federal Government.
Shell, Eni deny misconduct in Nigeria after alleged improper payment
Oil majors – Shell and Eni yesterday reiterated that neither they nor their personnel had been involved in any wrongdoing in Nigeria, including improper payments to Nigerian officials.
Court shifts ruling on Shell, Agip applications to Friday in Malabu deal
Federal High Court, Abuja, has moved ruling on two separate applications filed by Shell Oil Exploration Nigeria Limited and Agip Oil, seeking to vary an order made on January 26, till Friday, March 17.
Court declines requests over interim order against Shell, Agip by Malabu Oil
A Federal High Court sitting in Abuja, yesterday rejected applications filed by Malabu Oil and Gas Company seeking to be joined in the suit filed by Shell Production Company Limited and Nigeria Agip Exploration Limited.