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EFCC files money laundering charge against Adoke, Etete over $1.1bn Malabu deal

EFCC files money laundering charge against Adoke, Etete over $1.1bn Malabu deal
December 21
05:27 2016
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The Economic and Financial Crimes Commission (EFCC) has filed charges against Mohammed Adoke, a former attorney-general of the federation, and Dan Etete, a businessman, for their alleged roles in Malabu $1.1 billion deal.

The other defendants in the suit marked FHC/ABJ/CR/268/20 are: Aliyu Abubakar, Malabu Oil and Gas LTD, Rocky Top Resource LTD, Imperial Union LTD, Novel Properties & Dev. Co. LTD, Group Construction LTD and Megatech Engineering LTD.

The nine-count charge against the defendants, which was filed at the federal high court Abuja, borders on money laundering.

According to the charge seen by TheCable, the EFCC accused Etete of receiving over $800 million in August 2011 from the federal government’s escrow account.

It said Etete received an aggregate sum of $801 million in August 2011.

It also said that Abubakar, Rocky Top resources LTD, Novel Properties & Dev. Co. LTD, Group Construction LTD and Megatech Engineering LTD received an aggregate sum of $478 million.

Last week, Adoke wrote an open letter to claim innocence. He said some forces were bent on tarnishing his reputation.

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