JP Morgan Chase Bank, who was taken to court by the Nigerian government over the fraudulent $1 billion Malabu oil deal in 2011, has released fresh documents indicting a former Attorney-General of the Federation, and Minister of Justice, Mohammed Adoke.
“The award of OPL 245 was made though resolutions agreement dated April 29, 2011, between the government of Nigeria, Eni, Shell, and the vendor of the licence, Dan Etete. It is to note that Etete had awarded the licence to his company, Malabu Oil and Gas at the time when he was the Minister of Oil thus in blatant conflict of interest.
“The proceedings against Eni and Royal Dutch Shell plc and also against 13 individuals are in progress at the court of Milan for the offence of foreign bribery committed in Milan and elsewhere from Autumn 2009 till May 2, 2014. “These were the documents submitted by the Italian prosecutor and introduction done in Italy. The email by Adoke, confirmation and transmission of the email was done by SFO, even though the documents were submitted by JPMorgan in the UK court as an argument to counter Nigeria’s action against the bank.
The UK court explained that the “claim arises in both contract and tort as a result of the banking relationship that was established in 2011 between the claimant acting through the Federal Republic of Nigeria as the defendant out of an abuse of the banking system and the manipulation of escrow arrangements to facilitate the transfer of funds to entities and persons who were not entitled to receive such the funds.
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