Friday, September 20, 2019

Tag "Dan Etete"

    OPL 245: Adoke asks court to dismiss arrest warrant

OPL 245: Adoke asks court to dismiss arrest warrant

 Mohammed Adoke, former minister of justice and attorney general of the federation, has asked a federal high court in Abuja, to dismiss a bench warrant issued for his arrest.The court had ordered Adoke’s arrest alongside Dan Etete, former minister of petroleum, and four foreigners, Raph Wetzels, Casula Roberto, Pujato Stefano, and Burrato Sebastiano.This followed failure of the six individuals to [...]

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    Adoke’s lawyer: My client can’t be held liable for executing Jonathan’s order

Adoke’s lawyer: My client can’t be held liable for executing Jonathan’s order

Femi Oboro, counsel to Mohammed Adoke, says his client cannot be held responsible for carrying out presidential directives while he was a minister.Adoke was the attorney-general of the federation (AGF) and minister of justice under the administration of President Goodluck Jonathan.On Wednesday, a federal capital territory (FCT) high court in Abuja listed him among those to be arrested over the controversial [...]

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    OPL 245: Adoke kicks as court orders his arrest

OPL 245: Adoke kicks as court orders his arrest

A federal capital territory (FCT) high court in Abuja has issued a warrant of arrest against Mohammed Bello Adoke, former attorney-general of the federation, over the controversial OPL 245 deal executed by the federal government in 2011.But in a response sent by email to TheCable, Adoke said he will fight the order in court because he had already been cleared of any wrong [...]

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    FG sues JP Morgan for $875m over Malabu deal

FG sues JP Morgan for $875m over Malabu deal

The federal government has reportedly sued JP Morgan Chase for $875 million over funds paid for the contentious oil prospecting licence (OPL) 245.The government has accused JP Morgan of gross negligence in transferring part of the $1.3 billion payment made by Shell and Eni to secure the oilfield deal from Malabu Oil and Gas, a company is controlled by Dan Etete, [...]

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    FG: We’ve recovered $85m from Malabu deal

FG: We’ve recovered $85m from Malabu deal

The federal government has announced the recovery of $85 million from the United Kingdom as part of funds allegedly looted from the Malabu oil deal.Abubakar Malami, attorney-general of the federation, disclosed this on Thursday while speaking at the consultative meeting on assets recovery.He said despite the non-compliant nature of some countries, the government would not relent in its bid to recover [...]

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    Malabu oil deal: I could only have been bribed If I had a time machine, says Jonathan

Malabu oil deal: I could only have been bribed If I had a time machine, says Jonathan

Goodluck Jonathan, former president, has rubbished the report which suggested that he received $200 million kickbacks from the Malabu oil deal.Buzzfeed, an American news website, had reported that Jonathan benefitted from the sale of the controversial OPL 245 oil block.Reacting to the report, Jonathan said the Malabu oil deal was struck before his administration, noting that Buzzfeed's report can only hold [...]

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    Malabu: Court returns OPL 245 to Shell, ENI

Malabu: Court returns OPL 245 to Shell, ENI

John Tsoho, justice of the federal high court, Abuja, has reversed his order revoking OPL 245, an oil block, from Shell Nigeria Limited and Eni.Shell and Eni had filed an application seeking the vacation of the order of interim forfeiture of OPL 245, which is considered as Nigeria's largest oil block.On Monday, the judge had adjourned the case to Friday [...]

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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

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. [...]

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Exchange Rates

September 16, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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