TheCable documentary on $1.3bn Malabugate showing on TVC at 9pm tonight

TVC News will on Sunday broadcast the premiere of an investigative documentary on the $1.3 billion OPL 245 saga, also known as “Malabugate”.

The explanatory documentary, produced by TheCable newspaper and the Cable Foundation, will be aired at 9pm.

It authoritatively unravels the full scope of the OPL 245 controversy, one of the most complex and consequential oil scandals in Nigeria’s history.

Through compelling storytelling and original reporting,  the documentary reconstructs the scandal from the ground up, offering viewers an unprecedented narrative into the billion-dollar oil deal that has spanned administrations, borders, and courtrooms.

A to Z of the $1.3bn OPL 245 Affair

It all started on April 29, 1998 when the Nigerian military government, led by General Sani Abacha, awarded the oil prospecting licence for Block 245, also known as OPL 245, to an unknown, newly registered company.

The name of the company? Malabu Oil & Gas Ltd.

Then, on July 22, 2001, President Olusegun Obasanjo revoked the licence.

That marked the beginning of the series of controversies and tussles that gave birth to the OPL 245 saga, popularly known as “Malabu Scandal”.

What actually went down?

Why did Obasanjo revoke OPL 245 in 2001?

Why did he settle out of court with Malabu in 2006?

Why did President Goodluck Jonathan return the oil block to Malabu in 2010?

Why did Shell and Eni team up to acquire Malabu’s interest in the oil block for $1.1 billion in 2011?

Why did anti-corruption campaigners in Nigeria, Italy and the UK raise an eyebrow over the transaction?

And there are more questions…

What was the interest of the Abacha family in OPL 245?

What was the interest of Dan Etete, the former minister of petroleum resources under Abacha?

Why did President Muhammadu Buhari file criminal charges against the principal actors?

How did Mohammed Bello Adoke, the former attorney-general of the federation, become the central figure in the court cases?

Remarkably, why did Nigeria lose all the court cases in Italy, the UK and Nigeria?

Questions. Questions. Questions.

What you are about to hear is the inside story of the OPL 245 affair the way you have never heard it before.

The story has been told in bits and pieces.

Now, we tell you in authoritative detail.