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Malabu: Court lifts order of forfeiture on oil block OPL 245

A Federal High Court in Abuja has discharged its interim forfeiture order on the controversial Oil Prospecting Licence 245, an oil block which is at the centre of the $1.2bn Malabu oil scam. Justice John Tsoho lifted the order of interim forfeiture in his ruling...

$1.1 bn Malabu deal, peak of graft – OBASANJO

  Former President, Chief Olusegun Obasanjo, has warned a former Attorney-General of the Federation and Minister of Justice, Mohammed Bello Adoke, to stop mentioning his name in the controversial $1.1 billion Malabu Oil deal. Olusegun Obasanjo said he considered the controversial award of OPL 245 oil...

Malabu Oil Applies to Join Suit to Set aside Order Forfeiting OPL 245 to FG

Ruling on two separate applications filed by Shell Oil Exploration Nigeria Ltd and AGIP Oil seeking to set aside the order made by the Federal High Court Abuja on January 26, 2017, which granted temporary forfeiture of the Oil Prospective Licence (OPL 245) block...

My ‘Ordeal’ Inside Kirikiri Prison

This is not a joke, but a real-life story. I still wonder how my family members, friends and well-wishers would feel about my ‘ordeal’ inside the Kirikiri Medium Security Prison in Apapa, Lagos.   In fact, this write-up commenced in the Prison. All my life I...

$1.3bn Deal: EFCC charges Shell, Eni with corruption

Nigeria’s anti-graft agency on Thursday filed corruption charges against oil majors Shell and Eni over a $1.3 billion offshore block deal. The Economic and Financial Crimes Commission (EFCC) accused 11 defendants of “official corruption”, according to court documents. Shell, Eni and Agip, Eni’s Nigerian subsidiary, are...

EFCC Finds $9.2m in ex-NNPC GMD Home

Mr Ibrahim Magu, Acting Chairman of Economic and Financial Crimes Commission (EFCC), has told a committee of the House of Representatives that $9.2 million and 750,000 pounds were recovered from a residence in Kaduna state, belonging to the former Group Managing Director of the...