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Jonathan, Shell, Etete, in N155billion scandal

22 May 2012, 09:20

Abuja - Four years after he was convicted of money laundering in France, Dan Etete, a former Petroleum Minister, through his company Malabu Oil, has become a billion dollar richer, courtesy of the Nigerian Government and Shell, PREMIUM TIMES reveals.

According to documents (filed March 22, 2012) before the Supreme Court of the State of New York in the US, President Goodluck Jonathan discreetly approved the transfer of the sum of $1.1bn to Mr. Etete on April 29, 2011, two weeks after he was re-elected.

The government made the payment to Mr. Etete’s company even when it had repeatedly insisted that the award of the oil block to Malabu was done in violation of laid down procedures.

See details: PREMIUM TIMES


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