Tag: Adoke

  • Malabu oil scam: FG seeks arrest warrant against Adoke

    The Federal Government on Monday approached the Federal High Court, Abuja, to seek guidance on whether it could make an oral application for issuance of warrant of arrest against former Attorney-General of the Federation, Mr Mohammed Adoke.

    The warrant was in relation to charges filed against two multinational oil firms, and others including Adoke in connection to an alleged $1.1billion Malabu Oil scam

    When the matter was called, counsel to the Federal Government, Mr Johnson Ojogbane, told the court that the defendants were not in court because they were not yet served with court processes.

    Ojogbane who is prosecuting for the Economic and Financial Crimes Commission (EFCC), said that he had been unable to serve them particularly Adoke because he was not in the country.

    “We have been unable to serve the defendants in this case particularly the first defendant, because we have been told that he is outside the jurisdiction of this court; outside the country actually.

    “So I will appreciate if my lord will guide me, because I actually wanted to make an application for a warrant of arrest, so I want to know if I can do that orally or come by way of a motion,” Ojogbane said.

    He maintained that the EFCC had powers to arrest anyone anywhere, but since Adoke was outside the jurisdiction of the court, they required a warrant of arrest to bring him into the country.

    He said that if the court gave the order for a warrant of arrest, it could be endorsed to the International Police (Interpol) who would begin the process of extradition.

    The judge, Justice John Tsoho, however, said that such an application could not be brought orally before the court.

    According to Tsoho, if he is already before the court and is attempting to escape trial, then the court could issue a warrant for his arrest.

    “If he was already arraigned before the court and was trying to run away, then we can issue a warrant, but it is still under investigation, the court cannot make such an order.

    Tsoho adjourned the matter till June 13 for arraignment.

    The News Agency of Nigeria (NAN) recalls that the EFCC in December 2016, charged nine suspects, including Adoke, over the purchase of OPL 245.

    Adoke was accused of illegally transferring more than $800 million, purportedly meant for the purchase of the OPL 245 to Dan Etete, Malabu Oil.

    The Federal Government also on March 2 filed fresh charges against Shell Nigeria Exploration Production Company Limited and Agip Nigeria Exploration Limited for alleged complicity in the Malabu $1.1 billion scandal.

    Adoke, Etete, Aliyu Abubakar, ENI Spa, Ralph Wetzels, Casula Roberto, Pujatti Stefeno, Burrafati Sebestiano, and Malabu Oil and Gas were charged alongside the two multinational oil firms.

  • $1.6b Malabu Oil deal: Adoke names Obasanjo, Yar’Adua, Jonathan, others

    $1.6b Malabu Oil deal: Adoke names Obasanjo, Yar’Adua, Jonathan, others

    Former Attorney-General of the Federation (AGF) and Minister of Justice Mohammed Bello Adoke has said that three former Presidents endorsed the Settlement Agreement on the controversial $1.6billion Malabu Oil Block.

    They are Chief Olusegun Obasanjo, the late Umaru Yar’Adua and Dr. Goodluck Jonathan.

    Adoke said none of the three Presidents has disowned the agreement.

    He listed ex-ministers who played key roles in resolving the conflict on the oil block. They are a former AGF and Minister of Justice Bayo Ojo,  former Minister of Petroleum Resources King Edmund Daukoru; ex-Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke and former Minister of Finance  Olusegun Aganga.

    He said the recent actions of the Economic and Financial Crimes Commission (EFCC) tended to impugn the Settlement Agreement.

    He insisted that the Ministry of Justice, which he superintended, only facilitated the Settle Agreement.

    The EFCC has filed charges  against Adoke,  a former Minister of Petroleum Resources, Chief Dan Etete, a businessman, Aliyu Abubakar and eight others over alleged $801million bribe in respect of the auctioning of Malabu Oil Block.

    The others are Shell Nigeria Exploration Production Company Limited;  Nigeria Agip  Exploration Limited; ENI SPA; Malabu Oil and Gas Limited; Ralph Wetzels(ex- Director of SNEPCO), Casula Roberto(Italian) whilst being the Director of AGIP; Pujatti Stefeno(Italian) while being the Director in AGIP; and Burafato Sebastiano(Italian).

    But  Adoke, in a March 6 letter to Attorney-General of the Federation and Minister of Justice, Mallam Abubakar Malami (SAN), asked the AGF to determine whether he had committed any offence for carrying out presidential approvals.

    He asked Malami to tell Nigerians whether his predecessors in office from 2006 to May 2015 acted in the national interest when they brokered and implemented the Settlement Agreement.

    He urged Malami to clarify to Nigerians the import of Section 5 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) with respect to the vesting of all the Executive powers of the Federation in the President to exercise by himself and or through his Ministers and appointees.

    He said: “It will be recalled that the Terms of Settlement encapsulating details of the Settlement between the Federal Government of Nigeria (FGN) and Malabu Oil & Gas Limited (Malabu) was executed on 30th November, 2006.

    “The Terms of Settlement, which was later, reduced into a Consent Judgment of the Federal High Court; Abuja was brokered by our predecessor in office, Chief Bayo Ojo, SAN and signed on behalf of the Federal Government of Nigeria by the then Honourable Minister of State, for Petroleum Resources, Dr. Edmund Daukoru, during the administration of President Olusegun Obasanjo.

    ”When I assumed office on 10th April 2010, I inherited a Consent Judgment, which had undergone the scrutiny of three Presidents and Attorneys General. I was therefore restricted to the implementation of the Settlement as the issue of ownership of OPL 245 had already been resolved in favour of Malabu by the Terms of Settlement dated 30th November 2006 and the Consent Judgment of the FHC, Abuja.

    “I also inherited an on-going Investor/State Arbitration at the International Centre for the Settlement of Investment Dispute (ICSID) in which SNUD had initiated arbitral proceedings against the FGN claiming damages in excess of $2billion for taking back OPL 245 re-awarded to them when Malabu’s title was initially revoked by the FGN. SNUD’s claims were also premised on the fact that they had substantially de-risked the Block.

    “Malabu also instituted Suit No. FHC/ABJ/CS/420/2003, before the Federal High Court (FHC), Abuja to enforce its claim to OPL 245. Although, the suit was struck out by the FHC, Malabu lodged Appeal No. CA/A/99M/2006 before the Court Appeal, Abuja, Division.

    “During the pendency of the Appeal, an amicable settlement was entered into between Malabu and the Federal Government and in compliance with the Terms of Settlement executed by the Parties on the 30th of November 2006, OPL 245 was fully and completely restored to Malabu in consideration for its withdrawal of the Appeal. (Copy of the Terms of Settlement dated 30th November is attached as Annexure ‘A’)

    ”Apparently dissatisfied with the Terms of Settlement between the Federal Government and Malabu, SNUD commenced arbitral proceedings against the decision of the Federal Government to restore/re-allocate OPL 245 to Malabu at the International Centre for the Settlement of Investment Disputes in Washington DC, and made representations to government on the impending arbitration. It is instructive to note that SNUD’s claim before ICSID was in excess of US$2billion. It also commenced a suit against the Government before the Federal High Court, Abuja

    “Although, several meetings were held between the Presidency, Ministry of Petroleum Resources, SNUD and Malabu, to resolve the dispute, no satisfactory outcome was achieved. Attempts were also made in 2007 to resolve the dispute by a Committee comprising the Honourable Minister of State, Petroleum Resources, the Attorney General of the Federation and Minister of Justice, Minister of Energy, Group Managing Director, NNPC and DPR, during the administration of Late President Umaru Musa Yar’Adua, without success

    “ To resolve all the contending claims in a satisfactory and holistic manner, due regard was given to the Terms of Settlement of 30th November 2006 which had been reduced to Orders of the Court, the underlying policy of encouraging the participation of indigenous oil and gas companies in the upstream sector of the oil industry and the fact that Shell had substantially de-risked Block 245.

    “To accommodate all these interests, a Resolution Agreement dated 29th April, 2011 was executed wherein the FGN agreed to resolve all the issues with Malabu in respect of Block 245 amicably and Malabu also agreed that it would settle and waive any and all claims to any interest in OPL 245. (Copy of the Resolution Agreement is attached as Annexure ‘D’).

    “ In furtherance of the Resolution Agreement, SNUD and ENI agreed to pay Malabu through the Federal Government acting as an obligor, the sum of US$ 1,092,040,000 Billion in full and final settlement of any and all claims, interests or rights relating to or in connection with Block 245 and Malabu agreed to settle and waive any and all claims, interests or rights relating to or in connection with Block 245 and also consented to the re-allocation of Block 245 to Nigerian Agip Exploration Limited (NAE) and Shell Nigeria Exploration and Production Company Limited (SNEPCO).

    Adoke insisted that the Federal Government and its agencies and officials only served as facilitators of the Settlement Agreement.

    He added: “It is therefore quite evident from the foregoing that the role played by the Federal Government, its agencies and officials in relation to Block 245 was essentially that of facilitator of the resolution of a long standing dispute between Malabu and SNUD over the ownership and right to operate Block 245.

    “At all times material to the resolution of the dispute, the Federal Government was not aware of any subsisting third party interest in Malabu’s claim to OPL 245 and neither did any person or company apply to be joined in the negotiations as an interested party.

    ”I wish to reiterate that the resolution of the lingering dispute over Block 245 was in furtherance of Government’s demonstrable commitment to attract investment in the oil and gas sector of the economy and encourage genuine investors (local and foreign) by creating the enabling environment for their business to thrive.

    “ The Office of the Attorney General superintended over the process to ensure that the implementation was holistic by ensuring:

    (a)  that the requisite Presidential Approvals were sought and obtained;

    (b) that all the relevant MDAs such the Ministry of Petroleum Resources, Ministry of Finance, the Department of Petroleum Resources (DPR), and the Nigerian National Petroleum Corporation (NNPC) were involved in the resolution and final implementation of the Settlement;

    (c) that the relevant Agreements such as OPL 245 Resolution and Re-allocation Agreements were duly executed by line Ministers and Departments;

    (d) that the Signature bonus was duly paid to the Federal Government of Nigeria as required by law, and

    (e) that disbursements from the escrow account were jointly approved by the Federal Government and SNUD.”

    Adoke urged the AGF to find out why he was singled out by the Economic and Financial Crimes for prosecution.

    He said: “ In view of the foregoing, I anxiously want to know where I went wrong that I have been singled out by the EFCC for prosecution.

    ”I wish to use this medium to appeal to the Honourable Attorney-General of the Federation to be mindful of his overarching powers over public prosecution and the need to ensure that state institutions do not become persecutors or instruments in the hands of those pursuing personal vendetta.

    “The Constitution and the traditions of our noble profession demand your oversight over public prosecution. Consequently, if you find that I had breached my Oath of Office or abused my office, please do not hesitate to bring me to justice.

    “However, if it is the contrary, as I strongly believe, that certain individuals who had vowed to even scores with me are now being aided by state institutions such as the EFCC; I deserve protection from these unwarranted attacks and dehumanising treatment that I am being subjected to merely because I chose to serve my fatherland.”

    Adoke faulted the filing of separate charges against him by the EFCC and asked Malami to speak out.

    He said:  “As the Chief Law Officer of the Federation, you have a public duty to speak on this matter so that Nigerians would know whether I acted mala fide or abused my office in the entire transaction leading to the final implementation of the Settlement.”

  • Alleged $801m bribe: Shell, Etete, Adoke face charges

    Alleged $801m bribe: Shell, Etete, Adoke face charges

    EFCC set for trial of ex-ministers, businessman, others over Malabu Oil deal

    All  is set for the legal battle over the alleged $801million Malabu oil deal bribe.

    The Economic and Financial Crimes Commission (EFCC) yesterday filed charges against a former Minister of Petroleum Resources, Chief Dan Etete, a former Attorney-General of the Federation, Mr. Bello Adoke (SAN) and a businessman, Aliyu Abubakar.

    Also charged are eight others.

    The others are: Shell Nigeria Exploration Production Company Limited;  Nigeria Agip  Exploration Limited; ENI SPA; Malabu Oil and Gas Limited; Ralph Wetzels (ex- director of SNEPCO), Casula Roberto (Italian) and director of AGIP; Pujatti Stefeno(Italian) and director in AGIP; and Burafato Sebastiano (Italian).

    A United Kingdom (UK) anti-corruption group, Global Witness, claimed that $523million of the bribe was paid  to some fronts of a former president.

    The charge sheet,  dated February 28,  states that all the accused persons will be arraigned before the High Court of the Federal Capital Territory, Abuja Division.

    No date has been fixed for their arraignment.

    All the 11 suspects will face three charges bordering on alleged official corruption of about $801million.

    According to the charges filed by the EFCC  legal team, comprising Johnson Ojogbane, H.M. Mohammed and Victor Ukagwu, all the accused persons are to face trial for alleged:

    • conspiracy, contrary to Section 26 of the Corrupt Practices and Other Related Offences Act, 2000 and punishable under Section 12 of the same Act; and
    • official corruption contrary to Section 9 of the Corrupt Practices and Other Related Offences Act, 2000 and punishable under Section 9 (b) of the same Act.

    The particulars of the offence are as follows:

    “That you Shell Nigeria Exploration Production Company Limited, Nigeria Agip  Exploration Limited, ENI SPA, Ralph Wetzels (whilst being director of SNEPCO), Casula Roberto (Italian) whilst being the director of AGIP; Pujatti Stefeno (Italian) while being the director in AGIP; Burafato Sebastiano(Italian), while being a Director with AGIP; Douzia Louya Etete(a.k.a Dan Etete); Mohammed Bello Adoke; Aliyu Abubakar and Malabu Oil and Gas Limited sometime in 2011 in Abuja within the jurisdiction of this Honourable Court conspired amongst yourselves to commit felony to wit: Official corruption and thereby committed an offence.

    “That  you Douzia Louya Etete(a.k.a Dan Etete), Mohammed Bello Adoke; Aliyu Abubakar and Malabu Oil and Gas Limited sometime in 2011 in Abuja within the jurisdiction of this Honourable Court corruptly received the aggregate sum of $801million in relation to the grant of Oil Prospecting Licence in respect of OPL 245 from Shell Nigeria Exploration Production Company, Nigeria Agip Exploration Limited and ENI SPA and thereby committed an offence.

    “That you Shell Nigeria Exploration Production Company Limited, Nigeria Agip  Exploration Limited, ENI SPA, Ralph Wetzels(whilst being Director of SNEPCO), Casula Roberto(Italian) whilst being the Director of AGIP; Pujatti Stefeno(Italian) while beinmg the Director in AGIP; Burafato Sebastiano(Italian), while being a Director with AGIP; Douzia Louya Etete(a.k.a Dan Etete); Mohammed Bello Adoke; Aliyu Abubakar and Malabu Oil and Gas Limited sometime in 2011 within the jurisdiction of this court corruptly gave the aggregate sum of $801million to Douzia Louya Etete(a.k.a Dan Etete) , Mohammed Bello Adoke; Aliyu Abubakar and Malabu Oil and Gas Limited on account of the grant of Oil Prospecting Licence in respect of OPL 245 and thereby committed an offence.”

    This is the second time some of the accused persons will be facing trial.

    The EFCC on  December 20, 2016 filed nine charges bordering on alleged mismanagement of $1,616,690,656.78 Malabu Oil cash against Adoke, Etete, Abubakar, Malabu Oil and Gas Limited; Rocky  Top Resources Limited; Imperial Union Limited; Novel Properties and Development Company Limited, Group Construction Limited and Megatech Engineering Limited.

    The nine-count charge was filed  at the Federal High Court, Abuja.

    The charges came barely 48 hours after ENI SPA insisted that the sale of OPL 245(Malabu Oil Block) was not fraudulent.

    The Board of Directors of Eni(Nigeria Agip Exploration Limited) claimed that all transactions relating to the $1,616,690,656.78 Malabu oil block were clean.

    The oil firm said it arrived at the conclusion after commissioning  forensic investigations into the controversy over the sale of the oil block.

    It said an  independent United States law firm conducted the investigations and returned a not guilty verdict.

    The statement said: “Eni’s Board of Directors today takes note of the outcome of further forensic investigations into the 2011 transaction between Eni and Shell and the Nigerian Government for the acquisition of the OPL 245 licence in Nigeria.

    The investigations were conducted by an independent US law firm. They were commissioned by Eni’s Board of Statutory Auditors and Watch Structure.

    “The investigations examined the new materials and further information filed by the Milan prosecutors as part of the closure of the investigation in December 2016.

    “The law firm confirms the conclusions reached by previous investigations in 2015, stating that there is no evidence of corrupt conduct in relation to the transaction.

    Eni’s Board of Directors confirmed its total confidence that neither the company nor its CEO Claudio Descalzi were involved in alleged illicit conduct under investigation.”

    Global Witness had alleged that about $523million of the $1.1billion paid by Shell and Eni for Malabu Oil Block (OPL 245) went to some fronts of a former president.

    It said the deal deprived the country of a sum equivalent to 80% of its 2015 health budget in a country where more than 60% of the population live in poverty.

    The group made the disclosures in a statement by its Director, Simon Taylor.

    It also wrote a letter to the EFCC not to waiver in its determination to probe the sale of the oil block.

    The statement said: “We applaud the Nigerian authorities for fighting back against corruption without fear or favour, making sure there are real consequences for taking part in shady deals like with OPL 245.”

    “The lucrative OPL 245 oil block was allocated in 1998 for $20m – a fraction of its value now – to Malabu Oil & Gas, a company secretly owned by the then oil Minister, Etete.

    “The OPL 245 block, off the coast of Nigeria is owned 50-50 by Shell and Eni and contains probable reserves of 9.23 billion barrels of oil, representing potentially massive bookable reserves for the companies.

    “Shell currently holds 11.75 billion barrels of proven oil equivalent reserves and Eni holds 6.89 billion barrels of proven oil equivalent reserves.

    “The block was eventually passed on to Shell and Eni in 2011 in exchange for a payment of $1.1bn which flowed to Malabu rather than to the Nigerian state.

    “The former Minister of Justice Adoke by his own account acted as a broker in the deal. This deal deprived the country of a sum equivalent to 80% of its 2015 health budget in a country where more than 60% of the population live in poverty.

    ”Shell and Eni have always denied that they knew the money they paid would go to Malabu, but documents seen by Global Witness show that the companies in fact constructed the deal knowing that the money would flow ultimately to Malabu.

    “Prosecutors in the UK have previously alleged that $523m of Shell and Eni’s payment went to alleged “fronts for former President of Nigeria (names withheld) as part of a deal that was effectively a “smash and grab” on Nigeria.

    In a separate letter, the group praised the Acting EFCC chairman, Mr. Ibrahim Magu for the “sterling investigatory work” by the commission on the Malabu oil deal.

    The letter said Global witness was “ delighted to read press reports that former Attorney-General Mohammed Bello Adoke, Chief Etete and others have been implicated  by the EFCC for fraud and money laundering in respect of the OPL 245 oil deal.

    The letter added: “We would like to take this opportunity to reiterate our admiration for the sterling investigatory work by the EFCC, under your leadership, that has brought this case to court.

    “We believe that the case will send a powerful message to the world that Nigeria is intent on prosecuting corruption without fear or favour.”

    The anti-corruption group however noted the reactions of some key actors in the Settlement Agreement on the oil block.

    It added: “In a statement, Mohammed Adoke said ‘I hope to at the appropriate time make myself available to defend the charge for what whatever its worth.’ He also emphasised that he did not benefit from the deal, which he said saved the government from a breach of contract suit in which Shell was claiming $2 billion.

    “He called the charges “orchestrated plans to bring me to public disrepute in order to satisfy the whims and caprices of some powerful interests on revenge mission.”

    “Shell has insisted that they did not pay Malabu directly and that all payments went to an escrow account held by the Government of Nigeria.

    “In a response to a request for comment from Global Witness in April 2015, Shell said “We do not agree with the premise behind various public statements made by Global Witness about Shell companies in relation to OPL 245.” It has not responded to more recent requests to comment.

    Eni responded to questions on the deal in May 2016 saying “Independent enquiries and the investigations commissioned by Eni’s Watch Structure and Board of Statutory Auditors from specialized American law firms have found no evidence of illegal conduct on the part of the Company.”

    “Antonio Tricarico of Re:Common said “The Italian Government must ask serious questions of the involvement of Senior Eni executives in a deal that has now lead to senior Nigerian officials being charged with criminal offences.”

  • Malabu: I will come to defend myself – Adoke

    Malabu: I will come to defend myself – Adoke

    A former Attorney-General of the Federation and Minister of Justice, Mr. Mohammed Bello Adoke (SAN) on Wednesday faulted the charge of alleged involvement in a $1.6billion Malabu Oil Block deal against him by the Economic and Financial Crimes Commission (EFCC).

    He said although the charge was irrational, he was prepared to make himself available to defend it at the appropriate time.

    The ex-AGF said he did not benefit in any way from the auctioning of the Oil Prospecting Licence 245(OPL 245) popularly referred to as Malabu Oil Block.

    Adoke, who made his position known in a statement, said he got requisite approvals from ex- President Goodluck Jonathan to broker the settlement and execute the OPL 245 Settlement Agreement.

    The statement reads: “My attention has been drawn to the charges filed by the EFCC against me and other named individuals and companies in respect of OPL 245 Settlement Agreement involving Malabu Oil & Gas Limited and Shell Nigeria Ultra Deep Limited.

    “The charge of aiding the commission of money laundering offences preferred against me has finally confirmed the orchestrated plans to bring me to public disrepute in order to satisfy the whims and caprices of some powerful interests on revenge mission.

    “I wish to reiterate that I acted within the actual and ostensible authority of the office I occupied to broker a settlement between Malabu Oil & Gas Limited and Shell Nigeria Ultra Deep Limited in order to ward off the over $2billion liability in damages for breach of contract which the country would have been exposed to in the likely event of the success of Shell Nigeria Ultra Deep Limited’s claim before the International Centre for the Settlement of Investment Disputes (ICSID).

    “The terms of settlement ensured that the interests of the Federal Government of Nigeria, Malabu Oil & Gas Limited and Shell Nigeria Ultra Deep Limited were duly acknowledged and provided for in the settlement agreement.

    “The Federal Government of Nigeria was entitled to the Signature bonus which was duly paid; Malabu Oil & Gas Limited surrendered its title to OPL 245 for a consideration and Shell Nigeria Ultra Deep Limited was re-allocated OPL 245 which it had previously substantially de-risked in consideration for withdrawing their over $ 2billion claim for breach of contract against the Federal Government of Nigeria.”

  • Etete, Adoke, seven others charged with $1.6b ‘fraud’

    Etete, Adoke, seven others charged with $1.6b ‘fraud’

    EFCC to try ex-ministers over Malabu Oil deal

    The Economic and Financial Crimes Commission ( EFCC) yesterday filed nine charges bordering on alleged mismanagement of $1,616,690,656.78 Malabu Oil cash against two former ministers.
    Charged are former Minister of Petroleum Resources, Chief Dan Etete, former Minister of Justice and Attorney-General of the Federation Mr. Mohammed Bello Adoke (SAN) and seven others.
    The others are a businessman, Aliyu Abubakar, Malabu Oil and Gas Limited; Rocky  Top Resources Limited; Imperial Union Limited; Novel Properties and Development Company Limited, Group Construction Limited and Megatech Engineering Limited.
    The nine-count charge was filed  at the Federal High Court, Abuja by a team of lawyers, including Johnson Ojogbane, C.C. Nduese, H.M. Mohammed, and  Victor Ukagwu.
    No date has been filed for the arraignment of the suspects, some of whom are outside the country.
    The charges read in part:  “That you Dauzia Loya Etete (aka Dan Etete) and Malabu Oil and Gas Limited on or about 24th August 2011 in Abuja within the jurisdiction of this Honourable Ciurt directly or indirectly took control of $400million only paid from the Federal Government of Nigeria Escrow Account No. 41451493 IBAN 30CHAS699242411492 with JP Morgan Chase Bank in London into the account of Malabu Oil and Gas Limited domiciled  in PHB PLC (now Keystone Bank) Account No. 1005552028 when you knew that the funds formed part of the proceeds of an unlawful activity to wit: Fraud and thereby committed an offence contrary to Section 15(2) of the Money Laundering ( Prohibition) Act 2011 as amended in 2012 and punishable under Section 15(3) of the same Act.
    “That you Dauzia Loya Etete (aka Dan Etete) and Malabu Oil and Gas Limited on or about the 10th August 2011 in Abuja within the jurisdiction of this Honourable Ciurt directly or indirectly took control of the sum of $401million only paid from the Federal Government of Nigeria Escrow Account No. 41451493 IBAN  GB 30CHAS699242411492 with JP Morgan Chase Bank in London into the account of Malabu Oil and Gas Limited domiciled in First Bank Nigeria Plc in  Account No. 2011828805 when you knew that the funds formed part of the proceeds of an unlawful activity to wit: Fraud and thereby committed an offence contrary to Section 15(2) of the Money Laundering ( Prohibition) Act 2011 as amended in 2012 and ounishable under Section 15(3) of the same Act.
    “That you Dauzia Loya Etete( aka Dan Etete) and Malabu Oil and Gas Limited on or about the 10th August 2011 in Abuja within the jurisdiction of this Honourable Court converted the sum of $400m only which sum was transferred   from the Federal Government of Nigeria Escrow Account No. 41451493 IBAN  GB 30CHAS609242411493 with JP Morgan Chase Bank in London into the account of Malabu Oil and Gas Limited domiciled in Bank PHB Plc( now Keystone Bank) Account No. 1005552028 which you claimed was received as payment for Oil Prospecting Licence ( OPL 245)   when you knew that the funds formed part of the proceeds of an unlawful activity to wit: Fraud and thereby committed an offence contrary to Section 15(2) of the Money Laundering ( Prohibition) Act 2011 as amended in 2012 and punishable under Section 15(3) of the same Act.
    “That you Dauzia Loya Etete( aka Dan Etete) and Malabu Oil and Gas Limited on or about the 10th August 2011 in Abuja within the jurisdiction of this Honourable Court directly or indirectly converted the sum of $401,540,000( $401.540m) only which sum was transferred   from the Federal Government of Nigeria Escrow Account No. 41451493 IBAN  GB 30CHAS609242411493 with JP Morgan Chase Bank in London into the account of Malabu Oil and Gas Limited domiciled in Bank PHB Plc( now Keystone Bank) Account No. 1005552028 which you purportedly claimed was received as payment for Oil Prospecting Licence ( OPL 245)   when you knew that the funds formed part of the proceeds of an unlawful activity to wit: Fraud and thereby committed an offence contrary to Section 15(2) of the Money Laundering ( Prohibition) Act 2011 as amended in 2012 and punishable under Section 15(3) of the same Act.
    “That you Aliyu Abubakar, Rocky  Top Resources Limited, sometime in 2011 in Abuja within the jurisdiction of this Honourable Court did retain the sum of $336,456,906.78 only in Bank PHB Plc (now Keystone Bank) Account No. 100555202 belonging to Rocky Top Resources Limited when you reasonably  ought to have known that the said funds formed part of  the proceeds of an unlawful activity of Dan Etete and Malabu Oil and Gas Limited to wit: Fraud and thereby committed an offence contrary to Section 15(2) of the Money Laundering ( Prohibition) Act 2011 as amended in 2012 and punishable under Section 15(3) of the same Act.
    “That you Dauzia Loya Etete( aka Dan Etete) and Malabu Oil and Gas Limited sometime in Abuja within the jurisdiction of this Honourable Court having reason to know that the aggregate sum of $801,540,000 only directly represent the proceeds of an unlawful activity of Malabu Oil and Gas Limited to wit, fraud in respect of the said amount used the said funds and you thereby committed an offence contrary to Section 15(2) of the Money Laundering ( Prohibition) Act 2011 as amended in 2012 and punishable under Section 15(3) of the same Act.
    “That you Dauzia Loya Etete( aka Dan Etete) and Malabu Oil and Gas Limited and Mohammed Adoke Bello( SAN) sometime in 2011 in Abuja within the jurisdiction of this Honourable Court conspired among yourselves to commit money laundering offences contrary to Section 18 of the Money  Laundering ( Prohibition) Act 2011 as amended in 2012 and punishable under Section 15(3) of the same Act.
    “That you Mohammed Adoke Bello( SAN) on or about the 10th August 2011 in Abuja within the jurisdiction of this Honourable Court aided Dauzia Loya Etete( aka Dan Etete)
    and Malabu Oil and Gas Limited  to commit an offence of money laundering by facilitating the payment of an aggregate sum of $801,540,000 only to Dauzia Loya Etete( aka Dan Etete) and Malabu Oil and Gas Limited through the Federal Government of Nigeria Escrow Account No. 41451493 IBAN  GB 30CHAS609242411493 with JP Morgan Chase Bank in London which you  reasonably  ought to have known that the said funds formed part of  the proceeds of an unlawful activity to wit;  fraud and thereby committed an offence contrary to Section 18(a) of the Money Laundering ( Prohibition) Act 2011 as amended in 2012 and punishable under Section 15(3) of the same Act.
    “That you Aliyu Abubakar, Rocky  Top Resources Limited, Novel Properties and Development Company Limited, Group Construction Limited and Megatech Engineering Limited between August and December 2011  in Abuja within the jurisdiction of this Honourable Court disguised the origin of an aggregate sum of $478,693,750 only by paying several companies for services rendered  when you reasonably  ought to have known that the said funds directly represented the proceeds of an unlawful activity of Dauzia Loya Etete( aka Dan Etete) and Malabu Oil and Gas Limited to wit fraud and thereby committed an offence contrary to Section 15(2) (a) of the Money Laundering ( Prohibition) Act 2011 as amended in 2012 and punishable under Section 15(3) of the same Act.”

  • ‘Crazy’ Paris Olympics opening ceremony on  serene Seine 

    ‘Crazy’ Paris Olympics opening ceremony on  serene Seine 

     When early proponents of hosting an unprecedented Olympics opening ceremony along the river Seine first pitched the idea to the then-head of Paris police, he was dead-set against it.

    “It’s madness,” Didier Lallement said in 2021, according to two sources, citing the vast logistical and security challenges of throwing such an ambitious event in a city still marked by a series of 2015 Islamist attacks that killed 130 people.

    With the spectacular floating parade due to set off along the Seine on Friday evening, President Emmanuel Macron will hope Lallement’s doubts prove ill-founded.

    “At the beginning, it seemed to be a crazy and not very serious idea,” Macron told foreign reporters at the Elysee palace on Monday. “But we decided it was the right moment to deliver this crazy idea and make it real.”

    France has rolled out its biggest ever security operation to safeguard the Games and its blockbuster opening ceremony. Officials say there is no direct threat to the Games, but say they have so far foiled two suspected attacks.

    Up to three billion people are expected to tune in for the opening ceremony, in which athletes will sail 3 1/2 miles down the Seine against one of the world’s most stunning backdrops.

    Organisers have largely kept their plans for the ceremony under wraps, but Thomas Jolly, the artistic director for the event, spoke this week of “a large fresco” celebrating “the relationship that Paris and France maintains with the world.”

    Lallement’s office, the General Secretariat for the Sea where he now works, did not immediately respond to a request for comment.

    Read Also: Adams: Sports Minister, NFF lead tributes for late Reps member

    Whether France pulls it off remains to be seen. But just getting everyone on board with the idea pitched by Paris 2024 chief Tony Estanguet to Macron in 2019 was a major battle.

    The seed of the idea came to Estanguet, a three-time Olympics canoeing champion, after he witnessed the opening ceremony of the 2018 Youth Olympics, which was held in the streets of Buenos Aires and attended by more than 200,000 people, his advisers said.

    Estanguet wanted to throw “away the rule book” for Paris 2024, they said. So he tasked Paris 2024 Executive Director Thierry Reboul, a former Air France advertising chief now in charge of the Olympic ceremony, with finding an original idea.

    Inspiration struck in 2019, when Reboul was strolling along the Seine – the opening ceremony would take place on the river.

    Paris mayor Anne Hidalgo told Reuters she was keen from the get-go. But not everyone agreed. Aside from Lallement, police unions were also against the high-risk river ceremony, union officials said.

    However, Macron was immediately seduced by the idea, and pushed sceptical police and intelligence officials to make it happen, sources close to the president said.

    “I don’t want to know what you think, I want to know how we can do it’,” a source close to Macron recalled him saying.

    Macron pledged to give police more headcount to secure the event. He also commissioned a confidential “feasibility report” which in 2021 concluded the Seine ceremony was possible under certain conditions, with fewer spectators and more police.

    Macron made the announcement public in late 2021 to ensure there would be no going back, the source close to him said, but has said there are back-up plans if the event can’t proceed.

    Many foreign delegations expressed scepticism, and at one point some even threatened to cancel their attendance, another French source with knowledge of the matter said.

    “They were told no stone would be left unturned,” the source said, adding that French authorities decided to be “overzealous” by deploying 45,000 police to secure the event, more than triple what is used for a regular Bastille Day celebration in the whole Paris region.

    “It’s huge, but it’s the little exaggeration that was needed so we’re secure and confident, and we have clearly reassured the 200 delegations that gave their green light,” the source said.

    In the end, thousands of manholes were wielded shut on the route, cellars and Airbnb rentals along the river were searched, and even the catacombs were checked, Interior Minister Gerald Darmanin said this week.

    Macron threw one final curve ball with his decision to dissolve parliament less than two months before the opening ceremony. The resulting election has yielded a caretaker government, but officials say planning is unchanged.

    Mayor Hidalgo, a Socialist who rarely has a kind word for Macron’s pro-business government, had to work hand in hand with Darmanin, a conservative, to make the ceremony happen.

    “I told him: ‘We succeed together, or we fail together,” she told Reuters.

  • $200m fines: EFCC probes Adoke, Gusau, Aondoakaa

    $200m fines: EFCC probes Adoke, Gusau, Aondoakaa

    The Economic and Financial Crimes Commission (EFCC) is looking into the roles played by two former National Security Advisers – Gen. Aliyu Gusau and the late Owoye Azazi –  and two former Attorneys-General of the Federation on the facilitation of a $200million settlement agreement with Halliburton and four others.

    The former AGFs are Mr. Mike Aondoakaa (SAN) and Mr. Mohammed Bello Adoke (SAN), who have claimed that they never benefited from the agreement in any manner whatsoever.

    The anti-graft agency has however retrieved a copy of the agreement signed with a United States law firm, Madison Avenue Legal Resources LLP, from the Federal Ministry of Justice and Aondoakaa, who initiated the pact.

    The EFCC has traced the Escrow Account to Madison Escrow Services LLC (the “Escrow Agent”) at the instance of a former Executive Secretary of the National Human Rights Commission(NHRC), Mr. Roland Ewubare, who went to the United States to get the document.

    About $32.5million (N13, 585,000, 000) out of about $200million fines from Halliburton Energy Services was allegedly paid into the Escrow Account.

    Ewubare was said to have submitted  a document to the anti-graft agency showing how the Escrow Agent was engaged by the Federal Government, through the Office of the National Security Adviser to save the nation about $540million from garnishee judgment.

    The document showed that the total compensation received by the Escrow Agent for its services was $2.5million.

    The EFCC is probing why  the N13.5billion was not remitted into the Federation Account in accordance with extant laws.

    The anti-graft agency has decided to look into the roles of all those linked with the Settlement Agreement.

    Those already interrogated by the EFCC are a former President of the Nigerian Bar Association (NBA), J.B Daudu (SAN), Mr. E.C Ukala (SAN) Chief Godwin Obla (SAN), D.D. Dodo (SAN) and a top shot of the Nigerian National Petroleum Corporation(NNPC), Mr. Roland Ewubare.

    The breakdown of the $200m remittances by the five companies is as follows: Julius Berger ($35m); Siemens (Euros 30m); Snamprogetti ($30m); Halliburton Energy Services ($32,500,000); and Japan Gasoline Corporation ($26, 500,000).

    It was learnt that the next phase of investigation will look into the following areas:

    • the terms of retainership signed with Madison Legal Resourses LLP by Aondoakaa;
    • why Gusau reopened the Halliburton issue;
    • how much was recovered;
    • who recovered the amount – the US firm or a team of Nigerian lawyers?
    • why will Federal Government engage a US firm and another set of five Nigerian lawyers on the same matter?
    • how much was paid to the Nigerian lawyers and on what basis?
    • was any kick-back offered to any public officer or group? and
    • what has become of the N13.5b in question?

    An EFCC source, who spoke in confidence, said: “We have received heaps of documents on this Halliburton case. Already, the EFCC has retrieved the agreement signed with Madison Legal Resources LLP by the Federal Government from the Federal Ministry of Justice and Aondoakaa. This was why the ex-AGF was not detained.

    “We will look into the role of every individual or past public officer involved in the agreement. We are probing the roles of Aondoakaa, Gusau, the late Azazi, Adoke and others. We have already interrogated five lawyers.

    “The initial aspect of the probe revealed that a US firm was engaged and later a team of five Nigerian lawyers was also given the same assignment without the termination of the earlier agreement. We need all the key players to clarify many grey areas.

    “The investigation remains open as none of those invited has been accused of fraud. The outcome of the ongoing investigation will determine those who have cases to answer.

    “We will also extend our probe to the United States  where an Escrow Account has been located.”

    A source, who was connected with the settlement agreement said: “We welcome the latest investigation of all those who coordinated this agreement. We hope that the EFCC will also probe its former Secretary, Mr. Emmanuel Akomaye, who was part of the agreement too.

    “The ex-NSA, Gen. Gusau played a patriotic role when he asked for a revisit of the Halliburton scandal. He also gave security advice that only plea bargain was possible with Julius Berger because it is the company that has been maintaining the Presidential Villa. He said the government cannot afford to be in confrontation with the construction giant and others.”

    A document obtained last night gave some insights into the deal.

    The document reads in part: “The TSKJ/Halliburton recovery and disgorgement proceedings led to the recovery of over  $220m (two hundred and twenty million U.S. dollars) But more importantly protected and  saved over $540m (five hundred and forty million U.S dollars) for the Federal Government of Nigeria (the “FGN”).

     ”A U.S law firm in conjunction with other law firms and investigative service providers initiated discussions with the FGN in 2007, seeking to provide strategic legal advice and additional services to assist the FGN with the recovery of monies and payments from multinational corporations who had committed criminal and civil infractions as a result of the conduct of their respective businesses in Nigeria.

    “The Retainer, which was subsequently executed in September 2007 specifically identified and listed several companies for legal action, including, but not limited to the TSKJ Consortium, comprising Technip, Snamprogetti, KBR (Halliburton) and the Japan Gas Company.

    “The structure of the Retainer was based on a contingent fee principle with standard and customary provisions, including the stipulation of a fee of 33 1/3rd (thirty three and one third percent) to be paid to Madison in the event of any recoveries.

    Madison remains unpaid till date. Given that a total sum in excess of $220 million (two hundred and twenty million U.S dollars) was recovered, Madison’s claims against the FGN as of today exceed $73m (seventy three million U.S dollars) not inclusive of interest accruals.

    “From the Scope of Services, the Escrow Agent, an affiliate of Madison, was engaged by the FGN, through the Office of the National Security Adviser, to safeguard funds designated for prosecuting the national military campaigns against fundamentalist insurgents and militant groups in the Northeastern and Niger Delta regions of Nigeria by undertaking the following:

    (a)     To ring fence and to offer protective custodial services over any and all funds and liquid assets of the FGN domiciled in JP Morgan Chase Bank against adversarial litigation claims pursuant to the Writ of Garnishment attached herewith as Exhibit A and the Order to Produce attached herewith as Exhibit B to the Escrow Agreement;

    (b)     To ensure secure delivery of any or all portions of the FGN’s funds and liquid assets to the Office of the Accountant General of the Federation or the Central Bank of Nigeria in any currency subject to the judgment and discretion of the Escrow Agent in order to achieve the purpose set forth in the Agreement.

    (c)     To procure Litigation Liability Insurance and or After -The -Event Litigation Liability insurance cover with a liability cap of $300m (three hundred million USD) to protect the funds and liquid assets of the FGN in the event of a successful adversarial claim arising from pending litigation against the FGN in the United States and the United Kingdom”.

  • $6m Tidex settlement fine is in CBN account, says Adoke

    $6m Tidex settlement fine is in CBN account, says Adoke

    EX-Attorney General of the Federation Mr. Mohammed Adoke (SAN) yesterday said the $6 million (N1.908 billion) fine paid by Tidex Nigeria Limited (Tidewater) to the Federal Government was in a dedicated account in the Central bank of Nigeria (CBN).

     The government, through the Economic and Financial Crimes Commission (EFCC), is probing the whereabouts of the fine imposed on Tidex for allegedly importating vessels carrying toxins into Nigeria.

    But Adoke said he did not derive any benefit from the transaction.

    He said EFCC under ex-Chairman Mrs. Farida Waziri initiated the agreement with Tidex Nigeria Limited (Tidewater).

    Adoke, in a statement, said the EFCC nominated a lawyer, Godwin Obla (SAN), to represent its interest in the negotiations.

    Following a petition from Legalmax Solicitors,  EFCC began probing whereabouts of the cash.

    The petitioner, Max Ogar, who is a Public Interest Litigation Attorney in Abuja, asked the EFCC to investigate  Adoke and Obla.

    In his statement, Adoke said he had nothing to hide because  he signed on behalf of the Federal Government after negotiations between EFCC and Tidex.

    The statement said: “Consequently, a dispassionate investigation into the Tidex Nigeria Limited Non Prosecution Agreement would reveal that the settlement was at the behest of the EFCC; Secretary to the commission, Mr. Emmanuel Akomaye and EFCC’s nominated Attorney, Mr. Godwin Obla (SAN).

    “It would also reveal that the fines imposed on Tidex were paid into a Federal Government designated account with the Central Bank of Nigeria (CBN) and that I did not benefit from the transaction.

    He said: “I would ordinarily have refrained from commenting on the issue knowing fully well that the circumstances surrounding the execution of all the Non-Prosecution Agreements signed in 2011, are known to relevant Agencies of Government including the Office of the Attorney General of the Federation and the EFCC.

    “But, since the aforementioned publication hit the newsstands, I have been inundated with calls from genuinely concerned Nigerian’s seeking to know what is responsible for these deliberate attempts to smear my name and bring me to public odium?

    “My answer is simply that the Office of the Attorney General of the Federation did not initiate these settlements. It was the EFCC, under the Chairmanship Chief (Mrs) Farida Waziri, OON that initiated these settlements and nominated Mr. Godwin Obla, SAN as the lawyer to represent their interest in the negotiations that were conducted under auspices of the Office of the Attorney General of the Federation and Minister of Justice.

    “It was when the negotiations were concluded to the satisfaction of all the Parties, that I signed on behalf of the Federal Government of Nigeria and Mr. Emmanuel Akomaye (then, Secretary to the EFCC) signed on behalf of the EFCC. The copies of the agreements are in the Office of the Attorney General of the Federation and I believe with the EFCC as well.”

  • $2b Malabu deal: Adoke writes VP

    $2b Malabu deal: Adoke writes VP

    •Atiku denies involvement

    The Economic and Financial Crimes Commission (EFCC) yesterday said there is no going back on its ongoing probe of the $2.5billion Malabu oil Block deal.

    There were indications last night that a team was already on standby to interact with all those who were party to the Terms of Settlement on the oil deal.

    It was gathered that a former Attorney-General of the Federation, Mr. Mohammed Bello Adoke(SAN) has been invited by the anti-graft agency.

    But Adoke has protested to Vice President  Yemi Osinbajo(SAN) over what he termed as  a “curious invitation” by the EFCC.

    A source, who spoke in confidence with our correspondent said: “We are already going ahead with the investigation of the Malabu Oil Block deal which has international dimension. There is no going back at all.

    “We have interrogated some former public officers who cooperated with us. We will still invite others because a lot of people were part of the oil block deal.

    “We are talking of a transaction which ran across  four administrations. This is not a witch-hunt but fact-finding in order to determine whether the country was short-changed.

    “We invited the ex-AGF Mohammed Bello Adoke(SAN), we are expecting him.”

    But Adoke in a letter to the Vice President, Prof. Yemi Osinbajo said the invitation of the EFCC was curious.

    He said his ongoing semester examinations had not made him to honour EFCC invitation.

    He said: “A few weeks ago, I was informed through the office of the Director of Public Prosecutions of the Federation (DPPF) that the Federal Ministry of Justice was in receipt of a letter from the EFCC inviting me to its office for an interview on the Malabu Oil Transaction with Shell/ENI.

    “I was however unable to immediately honour that invitation as I was writing my end of semester examinations at the University of Leiden, in the Netherlands where I am currently studying for an Advanced LL.M Degree in Public International Law. I therefore requested that the invitation be deferred to 28th December 2015 pending the completion of my examination.

    “However, on deep reflection, I found the invitation rather curious, unconventional and mischievous especially as I acted purely in an official capacity and the EFCC could easily have had recourse to the sitting HAGF for clarifications since the records were in the Federal Ministry of Justice as government is a continuum.

    “I therefore phoned the HAGF and notified him of the development and offered a detail explanation of what had transpired. I also impressed on him the need to protect the office from unwarranted attacks and machinations of those out to destroy it in view of its unique constitutional role in governance.

    “I followed up by sending him a written brief with a copy of the attached Comprehensive Position Paper to enable him familiarise himself with the transaction in the event that official files in the Federal Ministry of Justice could not, for one reason or the other, be easily traced.

    “ It was after this development that I was made to understand that there were plans by some individuals who had become aware that I would be honouring the invitation of the EFCC on 28thDecember2015 to humiliate me.

    “ I was also informed that these individuals had enlisted an online media to smear my name with allegations of corruption and bribery and that some agents of the Abacha family and one Lawal Abba acting for Alhaji Atiku Abubakar, a former Vice President were behind the scheme. According to the information, their motive was predicated on the following:

    (a)    the claim that they were shareholders in Malabu Oil & Gas        Limited and had been short-changed by the main shareholder   of the company, and

    (b)    that I had refused to use my official position as Attorney    General of the Federation to help them get their dues from the        main shareholder.

    “Your Excellency, as preposterous as these assertions were, I was forced to give credence to them when on 27th December 2015, some online media published that I was scheduled to appear for interrogation at the EFCC on 28th December 2015 and will thereafter be detained and charged to court.

    “ It was also falsely published that I was involved in the Halliburton bribery scandal, when the said scandal predated my tenure.

    “It will be recalled that it was during my tenure that the Office of the Attorney General of the Federation in collaboration with the office of the National Security Adviser (NSA) under the leadership of General Aliyu Gusau and the EFCC proceeded against the Companies that were involved in the bribery scandal and got them to pay reparations for ‘reputational damage’ to the country totalling almost $180 Million even when by the penal sanctions contained in our laws, the companies could only have paid pittance. The records are there to show what was achieved and that the monies were paid into the Federal Government accounts with the Central Bank of Nigeria (CBN).

    “It is apparent from these publications that the intention is not necessarily the clarifications sought by the EFCC but a carefully orchestrated plan for my assured unjustified persecution, humiliation and disgrace by a known group with interest in the Malabu matter that are aggrieved over my official role in the resolution of the case.

    “ The said group has now joined forces with those desperate to malign me by using the present investigation by the EFCC to humiliate my person. My refusal to take a particular position they had sought and impressed upon me after the resolution of the matter was concluded is the root of all this blackmail.”

    Adoke gave background to how the nation was caught in the Malabu Oil Block mess.

    He added: “Your Excellency, I make bold to state that any responsible Attorney General of the Federation would have done what I did to safeguard the interest of the country and avoid a liability that potentially stood against the country. It is in this regard that I respectfully urge Your Excellency to carefully consider and ascertain from the documentation supplied, the following facts:

    (i)      that Oil Prospecting License (OPL) 245 was granted to Malabu Oil     & Gas Limited by the administration of General Sani   Abacha,   GCFR  in 1998;

    (ii)     that OPL 245 was subsequently revoked by the administration of           President Olusegun Obasanjo, GCFR in 2001and re- allocated           to Shell Nigeria Ultra Deep Limited (SNUD) in 2002          under a Production Sharing Contract (PSC) arrangement;

    (iii)    that at the time of revocation and re-award, Malabu and         SNUD had a binding Joint Operating Agreement to exploit the    block with SNUD as technical partner to the Venture;

    (iv)    that aggrieved over the revocation, Malabu petitioned the      House of Representatives Committee on Petroleum. After a    public hearing, the House condemned the revocation and re- allocation to SNUD and recommended that the block be     restored to Malabu;

    (v)     that Malabu also sued the FGN and SNUD at the FHC in Suit No           FHC/ABJ/CS/420/2003 claiming several declaratory reliefs         including an order setting aside the re-allocation to SNUD and      a restoration of the block to Malabu. The suit was struck out but   on appeal, the parties entered into a settlement dated 30th        November 2006 which were executed by my predecessor in office, Chief Bayo Ojo, SAN, CON;

    (vi)    that the Terms of Settlement were filed in court as consent        judgment and a  key term  in the settlement was the restoration       of the Oil block 245 to Malabu by the FGN;

    (vii)   that pursuant to the Terms of Settlement, President Olusegun   Obasanjo in 2006 rescinded his earlier revocation and restored    the Oil block 245 to Malabu;

    (viii)  that at this time SNUD had already expended huge resources of over $500 million to de-risk the Oil block under the existing         arrangement with the FGN and had found oil in commercial       quantities. This was inspite of the pending litigation instituted by        Malabu;

    (ix)    that Shell was equally aggrieved over the unilateral revocation        of the block by the FGN and commenced Arbitration         proceedings at the International Center for Settlement of        Investment Disputes (ICSID) claiming over $2 billion from the      FGN for breach of contract, loss of investment and special      damages;

    (x)     that It was under the above circumstances that I, as AGF          encouraged a definitive resolution between the parties who         themselves had expressed an intention to settle but were untrusting of each other given their antecedents;

    (xi)    that title on OPL 245at the date of settlement in 2006 and the Resolution Agreement in 2011 vested exclusively in Malabu       subject only to the terms and conditions in the allocation;

    (xii)   that the interest of the FGN at the time of resolution in 2011was         to ensure the payment of the signature bonus on the block and   that the block was developed to enable the country earn     revenue through royalty and taxes;

    (xiii)   that consistent with Nigerian law governing oil and gas and the           allocation of oil blocks, the signature bonus due and payable to the FGN amounting to $210 million was duly paid and   acknowledged. The taxes and royalties associated with oil        produced from the block are also now being paid. This is         contrary to the lies and misinformation being peddled that           Nigeria was short changed in the transaction.

    (xiv)  that at all times material to the resolution of the disputes between Malabu/Shell/FGN one Mohammed Sani who now   claims to be Mohammed Abacha was not a party to the          transaction and did not disclose any personal or family interest           in OPL 245 to the administration of Gen Abdulsalami Abubakar     GCFR or to the administration of President Olusegun Obasanjo GCFR;

    (xv)   that Mohammed Abacha did not participate in the          negotiations leading to the resolution or settlement       agreements;

    (xvi)  that Mr. Abacha surfaced only after the tripartite resolution of the matter between Shell/Malabo and the FGN to request that          the Office of the Attorney General of the Federation should        prevail on the main shareholder of Malabu to respect their          interests in Malabu by paying them part of the proceeds;

    (xvii) that rather than use the courts to resolve their internal      company issues in Malabu, they have resorted to the use of the    apparatus of state to settle scores with imaginary perceived          enemies;

    The ex-AGF also said some MDAs were involved in the Malabu Oil deal.

    He said: “ Furthermore, in the negotiations, the office of the Attorney General ensured that all relevant MDAs including the Department of Petroleum Resources (DPR), the Federal Inland Revenue Service (FIRS) and Nigerian National Petroleum Corporation (NNPC) were represented and participated to ensure compliance with extant laws and processes.

    “ It is therefore incorrect and contrary to as widely claimed in some quarters that the money that was paid to Malabu, which was only warehoused in an escrow account, was meant for the Nigerian Government and that the country was thereby short-changed.

    “Malabu as title-holder of the oil block merely dispensed of her interest in it as allowed by law. This indeed is the case with similar oil blocks allocated to several notable Nigerians who also disposed of their interests to oil multinationals and are enjoying the proceeds without any eyebrow or allegations of corruption.”

    When contacted Mazi Paul Ibe, Media Adviser to former Vice President Atiku Abubakar said the former Vice President does not have a hand in the travails of the former Attorney General and Minister of Justice.

    “The Turaki Adamawa advises the erstwhile Attorney General and others so invited to focus on clearing their names instead of dragging innocent people into the fray,” he said.

     

  • Malabu: Atiku, Abacha’s family behind my ordeal – Adoke

    Malabu: Atiku, Abacha’s family behind my ordeal – Adoke

    A former Attorney General of the Federation and Minister of Justice, Mohammed Adoke Bello,  on Monday listed former Vice President Atiku Abubakar and agents to the family of the late dictator, Sani Abacha, as behind plots to humiliate him over the Malabu oil deal.

    The Economic and Financial Crimes Commission (EFCC) had re-opened investigations into what may pass as one of the biggest scandals in the nation’s oil and gas industry involving Malabu Oil and Gas limited, Shell Ultra Deep Nigeria Limited and the Federal Government regarding the operation and sale of Oil Prospecting License (OPL) 245.

    OPL 245 is a potentially lucrative oil block estimated to hold up to 9.23 billion barrels of crude oil and about a quarter of Nigeria’s proven oil reserves.

    It also has two deep water fields – Zabazaba and Etan – in the Gulf of Guinea.

    In a letter dated December 31, 2015 and addressed to the Vice President, Prof. Yemi Osinbajo, the former AGF, who was invited by the EFCC on December 28, 2015, described the invitation by the anti-graft agency as “curious, unconventional and mischievous.”

    Bello said since government is a continuum, all files relating to his conduct into the Malabu affairs was resident in the office of the AGF.

    The ex-minister said he had contacted the current AGF and submitted a comprehensive position paper which explained his role in the deal.

    He said he has since been informed of a grand plot by those with vested interests in the case to humiliate him.

    “It was after this development that I was made to understand that there were plans by some individuals who had become aware that I would be honouring the invitation of the EFCC on December 28, 2015 to humiliate me.

    “I was also informed that these individuals had enlisted a notorious online media (Sahara Reporters) to smear my name with allegations of corruption and bribery and that some agents of the Abacha family and one Lawal Abba acting for Alhaji Atiku Abubakar, a former vice president, were behind the scheme,” he said.