Abacha’s contentions are that he was an original co-owner of Malabu when it was controversially awarded the lucrative oil block in 1998 during his father’s military regime, but that he was illegally excluded when the company transferred the oil well to the two multinational oil companies.
The OPL 245 was said to have been originally issued by the Federal Government to Malabu Oil and Gas Limited under shady circumstances before the subsequent transfers that ended with Shell and Agip, which the EFCC described as fraudulent.
05 October 2015, Lagos – Shell Nigeria Exploration and Production Company Ltd has announced the start-up of production from the Bonga…
