$1.2bn Malabu Oil Scam: Court refuses to stop Adoke, Etete, others' arrest - Vanguard News

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$1.2bn Malabu Oil Scam: Court refuses to stop Adoke, Etete, others’ arrest vanguardngr.com vanguardnews

ABUJA – An Abuja High Court sitting at Jabi, on Monday, declined to stay the execution of a bench warrant it issued for the arrest of the immediate past Attorney General of the Federation, Mohammed Adoke, SAN, and former Minister of Petroleum, Dan Etete.The court had on April 17, ordered that the former Ministers and four others should be arrested over alleged role they played in the $1.2billion Malabu Oil bloc fraud.

The commission said it was already collaborating with the Interpol with a view to apprehending all the Defendants for prosecution. Meantime, on Monday, the Defendants, through their lawyers, made an oral application praying the court to temporarily suspend execution of the arrest warrant against them.

He contended that the essence of objection raised against the arrest order would be defeated if the prosecution is allowed to move against the Defendants before the next date. EFCC had in a 13-paragraphed affidavit that was deposed to by one of its operatives, Mr. Ahmed Ibrahim, told the court that fact that led to the charge was “a case of fraudulent allocation of Oil Prospecting Licence of OPL 245 and OPL 214, conspiracy, laundering of over $1.2billion, forgery of bank documents, bribery and corruption against Malabu Oil and Gas Ltd, Shell Nigeria Ultra Deep , Nigeria Agip Exploration and their officials”.

 

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