Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,160,065 members, 7,842,024 topics. Date: Monday, 27 May 2024 at 06:57 PM

Malabu Oil Deal Saga: The Real Story As Told By Foreign Policy - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Malabu Oil Deal Saga: The Real Story As Told By Foreign Policy (610 Views)

Nnamdi Kanu Guarded By Foreign Security At A Press Conference (Photo) / Sule Lamido: Jonathan Compromised Bayelsa Poll To Avoid Malabu Oil Scam Probe / MALABU OIL: Ednan Agaev Reverses Self, Clears Jonathan Of Bribery Claim (2) (3) (4)

(1) (Reply)

Malabu Oil Deal Saga: The Real Story As Told By Foreign Policy by KOKSNATION: 12:54pm On Apr 14, 2017
Think you've heard it all? Check out the real story released by a foreign media close to the ENI [Italian-based] and Shell companies.
The real story behind the Malabu, Shell and Nigeria oil blocks deal.
The Malabu, Shell oil scandal involving Dan Etete, Fmr President Goodluck Jonathan and his other cohorts in Nigeria. The past administration is under scrutiny as they allegedly sold oil rights from Shell originally worth the price of $500bn for $1.5bn & shared it.

However, Shell has admitted to money laundering in Nigeria, also sending almost half a billion to President Goodluck Ebele Jonathan with the sum of $466m forwarded to him & his gang.

Well, according to 'Foreign Policy'.... here is the story in full:
That early morning February raid centered on an oil deal Shell and Italian oil giant Eni struck with Nigeria. They paid the Nigerian government $1.3 billion in 2011 for rights to a giant oil field off the Nigerian coast. After the deal was struck, most of that money mysteriously went missing from public coffers.

New legal filings, emails, and recorded phone conversations reviewed by Foreign Policy showed top Shell executives played a hand in the huge corruption scheme, which reached the highest echelons of the government. The phone recordings and documents from European authorities were obtained by anti-corruption watchdogs Global Witness and Finance Uncovered. Buzzfeed and Italian newspaper Il Sole 24 Or first broke the story.

The new revelations could throw Shell into a world of legal trouble. They also shed light on the shadowy world of oil deals, and how far Shell was willing to go to nab their share of the oil field, known as OPL 245, through a network that spanned former British spies and corrupt Nigerian officials. The tendrils of the scandal reached the highest echelons of the Nigerian government, including former President Goodluck Jonathan,..........

https://koksnation..com.ng/2017/04/the-real-story-behind-shell-malabu-oil.html

(1) (Reply)

Can Soludo Be An Alex Salmond for Ndigbo? / We’re Better Off Together As One Nation — Osinbajo / Oshiomhole, Mamora Considered For SGF - Thisday News

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 11
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.