The Economic and Financial Crimes Commission, EFCC, on Friday moved against convicted felon and former minister of Petroleum, Dan Etete, over the transfer of
$1.1 billion made to his phoney company, Malabu Oil and Gas, for the sale of OPL 245 to Italian oil giant, Eni and Royal Dutch Shell by the Goodluck Jonathan administration.

Mr. Etete was grilled Friday by detectives at the EFCC head office in Abuja.

Sources in the agency, who asked not to be named because they have no permission to speak on the matter, told PREMIUM TIMES that Mr. Etete, who was convicted for money laundering in France in 2005, was summoned by the anti-graft commission to answer questions regarding another curious huge fund transfer to
Switzerland.

The money was seized by Swiss authorities which then requested the EFCC to help call in the former oil minister for questioning.

One of our sources said Mr. Etete honoured the EFCC’s invitation on Friday and was extensively grilled extensively by operatives over that separate controversial transfer to Switzerland, and then about the curious $1.1 billion payment made to Malabu by the Jonathan administration, which the anti-graft agency has been
investigating for years.

That “corruption-tainted” transfer has attracted
widespread international condemnation.
PREMIUM TIMES learnt that Mr. Etete arrived the EFCC headquarters in the Maitama District of Abuja at noon on Friday, and was only released on administrative bail at about 5.P.M after he made an undertaking to return for more questioning on Monday.

“He first answered questions about the new controversial Swiss transfer,” one of our sources said. “But when our men started asking him questions about the pending issue of the $1.1billion payment, he pleaded to be allowed to
go gather all necessary documents concerning that transaction. So we committed him to returning here (EFCC office) on Monday.”

The spokesperson for the anti-graft agency, Wilson Uwujaren, could not be reached Friday night to comment for this story.


www.premiumtimesng.com/news/headlines/185391-efcc-reopens-investigation-quizzes-etete-over-dubious-1-1-billion-malabu-oil-deal.html

Cc: Lalasticlala

Kaboninc, you are needed on this thread.

Ftc, WOW!!
I am speechless.

I see all organisations ramping up their activities in order to get on the better side of Baba. The more such news we get, the better for us.

A thorough investigation needs to be carried out and all facts and evidences dully gathered to build an airtight case. We need convictions this time.

Okay.

May the recovered not go into Limbo like Abacha's billions

Kai! See MC HAMMER! No be small something ebele and etete bin wan chow sha! God save naija!

trillville:
Kaboninc, you are needed on this thread.

Ftc, WOW!!
I am speechless.

Oh bro, you need help.

I'll wait on the sidelines until you learn that the Malibu oil deal (and scandal) predates the Jonathan Administration.

Until you come to terms that the OPL 245 asset wasn't sold by Jonathan. Until you come to understand that the OPL was bought by an oil company and payment withheld by the government. Until you understand that the OPL 245 asset was initially allocated to Dan Etete by a military government. Until you know what it means to withhold a judgment debt.

When you've done that, then we can talk.

Please don't disturb me on your ignorance because am really doing something very important.

Dis old cow shld allow d "dead" to rest in piss

I thought someone on the politics section says that all those invited by EFCC only go there to drink tea.

OREMUSSANCTUS:
Dis old cow shld allow d "dead" to rest in piss

Mumu donkey, you think pdp can steal our money and sleep peacefully? I'm sure u didn't get 1 kobo out of this loot