Fidelity bank banner NewsExpress advert
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: 1,516

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+



REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...


You may also like...
FG probes alleged tax evasion by NNPC, international...

Valentine’s Day: Lagosians rush for sex enhancers, lingerie,...

Buhari extols China-Nigeria relations

FG, International Consortium sign Interim Phase Agreement with...

2018 African Brand Congress to hold in Nigeria...

Former US Republican presidents dump Donald Trump

Why most Nigerian businesses cannot become conglomerates —...

Bomb blast kills 13 in Bauchi Market, injures...

Trump's aide Manafort sent to jail

Lawmakers identify with Nigerian children, vow to implement...

Angry youths stone Governor, convoy

FG releases N3.77bn for school feeding programme


Latest News Biafra Referendum: 40 million ballot papers ready -- IPOB 20 German firms seek investments in Nigeria Umahi, commissioner bicker over re-naming of street Farmers/herders clashes: Katsina commences demarcation of cattle routes EFCC nabs school operator for awarding fake degree certificates Fidelity Bank launches FlashKey; an innovative phone keyboards payments solution FG orders MDAs, FIRS to authenticate Tax Certificates before payment to contractors Judge’s death stalls trial in N250m libel suit Public Service Reforms: Bayelsa seeks support from whistleblowers Alleged N1.6bn Money Laundering: Jonathan’s former aide asks court to dismiss trial NEMA workers protest poor condition of service, redundancy Ohafia stakeholders re-affirm support for Abia Deputy Governor


Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (352,001 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (351,196 views) Shameless Genevieve Nnaji exposes breasts in public (279,923 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (229,850 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (208,902 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,489 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,619 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,668 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,776 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,412 views) Lagos plane crash: Journalist releases victims’ names (143,694 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,540 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,254) Business Verdict (44) Columnists (868) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (505) Features (607) Global Business Monitor (283) International (2,037) Interview (154) Live Commentary (28) Love Matters (123) News (36,326) Opinion (1,003) Pidgin (10) Politics (5,283) Religion (770) Sports (1,551) Stock Watch (30) AMA & Al Jazeera Global Update


CBN banner

Firstmobile banner




Portugal v Spain 2018


APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera