Wednesday, 5 July 2017

BREAKING: House Of Reps Summons Nigeria's Immediate Past President, Goodluck Jonathan Over Malabu Oil Deal

A committee of the House of Representatives has invited former President Goodluck Jonathan to testify in the ongoing investigations into the Malabu Oil deal, Punch reports. The summon was given in order for the former President Goodluck Jonathan to explain his role in the controversial award of OPL 245 oil block licence.
 
The House Committee on Justice is investigating the $1.3 billion Malabu oil deal paid by oil giants, Shell and ENI, for the oil block, one of the richest in Africa. About $1.1 billion of the money was paid directly into a Nigerian government account with JP Morgan while about $200 million had been paid by Shell as signature bonus.
 
Most of the $1.1 billion ended up in private accounts with about $801million directly going into the account of Dan Etete, a former petroleum minister who was convicted for money laundering in France.
 
A large part of that sum is believed to have gone to Mr. Jonathan and officials that served under him including Mohammed Adoke, the then attorney general. 

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