Shell Energy Entrepreneurs banner Yudala banner
Corruption: Ex-Minister for trial in Italy

By News Express on 28/12/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,326

Former Petroleum Minister Dan Etete.
Former Petroleum Minister Dan Etete.

Nigeria’s former Minister of Petroleum, Dan Etete, might be facing yet another series of criminal charges following indications from Italian authorities to put him on trial for his involvement in the $1.1 billion Malabu oil deal.

The development comes weeks after the Economic and Financial Crimes Commission (EFCC) slammed a nine-count charge against Etete alongside former Attorney General and Minister of Justice, Mohammed Adoke as well as seven others for allegedly transferring $801.540 million from the Federal Government’s escrow account.

The Italian prosecutors filed the notice in a Milan court last week, indicating their intention to sue Etete, Shell, Eni as well as ten (10) other individuals, for their involvement in the oil deal.

Among the defendants is a man identified as Chukwuemeka Obi, who is accused of using his firm EVP, to lay claim to about $110 million of the $1.1 billion paid by Shell and Eni for OPL 245, Nigeria’s richest oil block.

Others found culpable by Italian authorities include: DescaJzi Claudio, the CEO of Eni; his predecessor, Paolo Scaroni; Roberto Casula, Armanna Vincenzo, Antonio Pagano, Ednan Agaev, Luigi Bisignani and Falcioni Gianfranco.

As part of their findings, Italian prosecutors said officials of Italian oil giant, Eni, may have received $50 million bribe from the $1.1 billion the company and Shell paid into a Nigerian government account in 2011.

The charges come months after Nigeria’s House of Representatives investigated alleged shady deals in the award of oil blocs involving Malabu Oil and Gas Limited.

OPL 245, considered the richest in Africa, is estimated to contain about 9 billion barrels of crude.

The licence was awarded during the regime of a former military dictator, Sani Abacha, under the supervision of then Minister of Petroleum, Dan Etete. (TV360 Nigeria)
  

Source News Express

Posted 28/12/2016 9:16:59 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Emir of Kano denies spending N6bn in 3...

Nigeria’s Black Axe strikes fear in Canada; Police...

Shehu Sani dares Buhari to include cabals in...

Falana to lawmakers: You lack the power to...

We didn’t collect bribe from Jimoh Ibrahim –...

BOKO HARAM NEEDS JESUS, not amnesty —Pastors

Military provides relief materials to displaced communities

SSANU condemns alleged assault of FUTA members by...

Pro-Obiano Judge exposes self at Governor's mother’s funeral...

Naval top shot found dead in Lagos residence...

Gambia withdraws from International Criminal Court

Enugu DISCO, Geometric Power resolve dispute over power...

 

Latest News Court orders release of 475 Boko Haram suspects for rehabilitation Confession of a ritualist: I pay N10,000 for virgins' underwears FG deploys Agro Rangers to end herders-farmers’ clashes Lassa Fever: Delta places 24 under surveillance; confirms 3 deaths, 7 cases Get Shekau dead or alive, Buratai charges troops Dangote, others for Editors’ Plaza foundation-laying ceremony Air Peace passenger steals N1m on board flight, faces trial 2019: Niger APC endorses President Buhari, Governor Sani Bello •Receives 34,000 decampees IG deploys 3 additional Police Mobile Force units to Zamfara in bid to end killings Florida school shooting: Students to march on Washington Saraki invites child comedienne Emmanuella to the Senate NiMet predicts cloudy skies for Monday

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (324,813 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (316,355 views) Shameless Genevieve Nnaji exposes breasts in public (252,962 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (207,643 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (194,054 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (186,645 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (162,182 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (145,543 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (139,796 views) Lagos plane crash: Journalist releases victims’ names (128,685 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (127,171 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (122,521 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business (2,894) Business Verdict (33) Columnists (802) Complaints & Requests (94) Enterprise & Opportunities (203) Entertainment (445) Features (548) Global Business Monitor (225) International (1,796) Interviews (143) Live Commentary (28) Love Matters (104) News (32,923) Opinion (883) Pidgin (10) Politics (4,503) Religion (677) Sports (1,433) Stock Watch (27) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement