• Malabu oil deal: EFCC to grill former minister and others over $1.092bn cash

    Malabu oil deal: EFCC to grill former minister and others over $1.092bn cash

    Former Petroleum Resources Minister Dan Etete is set to visit the Economic and Financial Crimes Commission (EFCC) to answer questions on the controversial Malabu Oil Block (OPL 245).

    The EFCC is searching for $1,092,040 billion paid by Shell Nigeria Exploration and Production Company Nigeria Limited (SNEPCO) and Nigeria Agip Exploration Limited (NAE) into an escrow account.

    The anti-graft agency has raised a team to grill the ex-minister and all those implicated in the deal.

    Those implicated are six former ministers in the administration […]