Former Attorney-General of Nigeria, Mohammed Adoke, Dan Etete, a former petroleum minister and Abubakar Aliyu are now swimming in the Malabu $1.1 billion scandal.
The Economic and Financial Crimes Commission (EFCC) has filed fraud charges against them. The 9-count charge was filed at the Federal High Court, Abuja. Insiders at the EFCC revealed that Mr. Adoke and former finance minister, Yerima Ngama approved the transfer of about $1.1 billion into accounts controlled by Mr. Etete.
“The money was paid by Shell and ENI, into Nigeria Government account, for OPL 245. Later, Mr. Etete paid over half of the money to accounts of companies controlled by Mr. Aliyu.”