Malabu Oil Scandal: EFCC Charges 2 Ex Ministers & 7 Oil Billionaires With $1.6Billion Fraud
December 21, 2016 – Malabu Oil Scandal: EFCC Charges 2 Ex Ministers & 7 Oil Billionaires With $1.6Billion Fraud
The EFCC on Tuesday filed 9 charges bordering on alleged mismanagement of $1,616,690,656.78 Malabu Oil cash against two ex-ministers.
The charged are Chief Dan Etete, former Minister of Petroleum Resources, Mr. Mohammed Bello Adoke (SAN) former Minister of Justice and Attorney-General of the Federation and seven others.
The others are a businessman, Aliyu Abubakar, Malabu Oil and Gas Limited; Rocky Top Resources Limited; Imperial Union Limited; Novel Properties and Development Company Limited, Group Construction Limited and Megatech Engineering Limited.
The nine-count charge was filed at the Federal High Court, Abuja by a team of lawyers, including Johnson Ojogbane, C.C. Nduese, H.M. Mohammed, and Victor Ukagwu.
No date has been filed for the arraignment of the suspects, some of whom are outside the country.