Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Malabu’s $1.1 b case too complex, says Malami

    Malabu’s $1.1 b case too complex, says Malami

    October 14, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp
    attorney-general-of-the-federation-and-minister-of-justice-abubakar-mala
    Abubakar Malami, Attorney-General of the Federation and Minister of Justice

    14 October 2016, Abuja – Investigation into the Malabu Oil  deal is too complex, making it difficult to unravel the matter, Attorney-General of the Federation and Minister of Justice, Abubakar Malami said.

    Malami spoke at the resumed hearing of the House of Representatives ad hoc committee on the investigation of alleged corruption, malpractices and breach of due process in the award of an oil block, OPL 245.

    According to Malami, multiple requests had been made internationally and locally without success.

    He spoke of the Mutual Legal Assistance request to the United States, Italy and the United Kingdom.

    He said even within Malabu Oil itself, there were divided and contending interests, making it difficult to ascertain which of the interests signed what agreement.

    He said: “We have multiple contentions. There is Mohammed Abacha. We have Dan Etete, Atiku Abubakar, Hassan Adamu; they are all laying claims to entities.”

    Though he presented a 16-page off-the-grid documents which he did not submit to the committee, the AGF said in the light of the constraints concerning the case, he had limited information because “investigation is ongoing” and “no conclusion is certain.”

    “The field has not been covered. Investigation is ongoing nationally and internationally and what I say might alter the conclusion of the case,” Malami said.

    He said he needed time to prepare a proper and fuller brief for the committee because “criminal investigations are still ongoing.

    Malami added: “I took steps to write to the international agencies and government to consolidate on the available information. Only day before yesterday ( Tuesday),  I forwarded response to the Mutual Legal request that has to do with Malabu in the U.S. We have to move with caution by allowing representations to be made.”

    Abacha and Chief Oyewole Fasawe, who are shareholders in Malabu, were at the hearing but withdrew their submissions so as to present a more comprehensive and detailed presentation.

    Abdullahi Haruna, Malabu’s lawyer who spoke for Abacha and Fasawe, said they had submitted documents to the 7th House on the same issue and wanted to know if they needed to start afresh.

     

    • The Nation

    Related News

    Heirs Energies, Renaissance Africa Energy collaborate to drive Nigeria’s oil & gas development

    NNPC raises alarm over sabotage campaign targeting leadership, reforms

    Renaissance Africa Energy unites 500 CEOs to advance Nigeria’s oil & gas growth

    E-book
    Resilience Exhibition

    Latest News

    Genesis Energy, Desert Technologies sign strategic collaboration agreement to accelerate renewable energy access in Afric

    June 28, 2025

    Akwa Ibom, REA partner to expand rural electrification access 

    June 28, 2025

    Heirs Energies, Renaissance Africa Energy collaborate to drive Nigeria’s oil & gas development

    June 28, 2025

    NLNG boosts healthcare access, launches laboratory in Bauchi hospital 

    June 28, 2025

    NNPC raises alarm over sabotage campaign targeting leadership, reforms

    June 27, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.