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Malabu scam: EFCC charges Shell, Agip, Adoke with fraud

the Economic and Financial Crimes Commission has charged oil giants, Shell Nigeria Exploration Production Company Limited, Nigerian Agip Exploration Limited, ENI SPA and three Italians with fraud in the handling of the OPL 245.

The commission accused the firms of corruptly handing over $801,000,000 to a former Attorney General of the Federation, Mohammed Adoke (SAN), and a former Minister of Petroleum Resources, Mr. Dan Etete.

The EFCC also accused oil magnate and Chairman of A. A. Oil, Mr. Aliyu Abubakar; and Etete’s company, Malabu Oil and Gas, of receiving part of the money.

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