Justice John Tsoho of the Federal High Court sitting in Maitama, Abuja on Thursday, January 26, 2017 granted the order of interim forfeiture of Oil Prospecting License, OPL 245, to the Federal Government pending investigation and prosecution of suspects in the $1.1billion Malabu Oil scam.
The OPL 245, an oil field believed to be the largest in Africa, was said have been fraudulently acquired from the Federal Government by Malabu Oil and Gas Limited in 1998 and afterwards sold to oil giants, Shell and Agip, in a shady transactions.
While moving the application dated and filed on January 11, 2017, counsel to EFCC, Johnson Ojogbane, urged the court to grant the order pending the investigation and prosecution of the suspects named in the scam.
The EFCC had earlier filed charges against some of the suspects, including the immediate past Attorney-General of the Federation and Minister of Justice, Mohammed Adoke.
The suspects are being investigated in connection with acts of conspiracy, bribery, official corruption and money laundering.
It would be recalled that the EFCC had on December 20, 2016, charged nine suspects, including Adoke, with respect to the $1.1bn scam.
Other accused persons named in the charges filed by the EFCC before a Federal High Court in Abuja, were Etete, Aliyu Abubakar, Malabu Oil & Gas Ltd, Rocky Top Resource Ltd, Imperial Union Ltd, Novel Properties & Dev. Co. Ltd, Group Construction Ltd, Megatech Engineering Ltd.
1 comment:
EFCC is working oooohh!
Props to them.
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