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.
“They should not bring Obasanjo into an Etete deal. I was not part of any such deal. If I hold that view, I could not have approved a deal with Dan Etete. What Etete did is the height of corruption. He appropriated the asset to himself illegally, illegitimately and immorally. I can’t remember giving approval that the block be given back to Etete
The OPL 245, an oil field believed to be the largest in Africa, was said have been fraudulently acquired from the Federal Government by Malabu Oil and Gas Limited in 1998 and afterwards sold to oil giants, Shell and Agip, in a shady transactions.
“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.
23 December 2016, Abuja – Charged with aiding and abetting money laundering in the $1.1 billion Malabu deal, former Attorney…
Adoke said there was no way he could be held responsible for a transaction which was concluded about seven years before he became a minister.
