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Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors (14673 Views)

Malabu Scandal: AGF Writes Buhari, Wants Trial Of Adoke, Diezani, Others Stopped / $1.1bn Malabu Scandal: Italian Prosecutors Request Trial Of Etete, Shell, Eni, O / Jonathan, Diezani Named In Italian ‘kickback’ Probe (the Guardian) (2) (3) (4)

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Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by Truth234(m): 10:45am On Jan 06, 2017
An investigative report by Italian prosecutors has alleged that ex-President Goodluck Jonathan, former Minister of Petroleum Diezani Alison-Madueke, former Attorney Generals Mohammed Adoke and Bayo Ojo, former Minister of Defense and ex-National Security Adviser, Aliyu Gusau as well as numerous other senior government officials shared hundreds of millions of dollars. In an indictment obtained by SaharaReporters, Italian prosecutors alleged that Mr. Jonathan and several officials of his government as well as top corporate officials of international oil firms, Eni and Shell, met several times between 2010 and 2011 to seal the fraudulent Malabu deal and split a massive loot running into hundreds of millions between Nigerian government and public interests as well as corporate officials.

The indictment shows that former Abacha-era Minister, Dauzia Loya Etete, better known as "Dan Etete" and his Malabu company were at the center of the scam that involved the sale of an oil bloc named OPL 245 he illicitly acquired in 1998. According to Italian prosecutors, Mr. Etete had engaged Zubelum Chukwuemeka Obi to source for buyers of the oil bloc. Subsequently, Italian oil giant, Eni, the parent of the Nigerian Agip Oil Company Ltd (NAOC) and Royal Dutch Shell, contracted to acquire 100 percent of the 245 oil block for a deal that totaled $1.3 billion. However, Italian prosecutors are alleging that much of the funds was set aside for fraudulent payments to Mr. Jonathan and other government officials as well as corporate executives working for Eni and Shell.

Apart from naming numerous officials of the global oil firms, the indictment also fingered Mr. Jonathan, Mr. Etete, Mrs. Alison-Madueke, Mr. Adoke, former NSA Gusau, Mr. Obi, Mr. Ojo, and Alhaji Abubakar as beneficiaries from the Malabu fraud.

Among the corporate players named in the Malabu deal are Paolo Scaroni, Eni’s Chief Executive Officer and Managing Director, and Claudio Descalzi, the Managing Director of Eni’s Exploration and Production Division since July 2008. The indictment states that Mr. Scaroni “agreed to intermediation by Obi,” and was constantly informed by Mr. Descalzi of the progress of developments in the deal. In addition, he and Mr. Descalzi met then President Jonathan in person twice, “both during the finalization of the agreements (13 August 2010) and at the final stage, during an electoral campaign rally in Nigeria on 22 February 2011.”

According to the indictment, Mr. Descalzi maintained steady contact with Mr. Obi and two key Eni employees in Nigeria, Roberto Casula and Vincenzo Armanna, who helped coordinate a deal in which Mr. Jonathan and other senior officials of his government would receive illegal commissions in exchange for approving the Malabu oil deal. Mr. Descalzi also coordinated with his Shell counterpart, Malcolm Brinded, on the $1.3 billion price tag for the oil block.

Other Eni and Shell officials also attended meetings with President Jonathan in Abuja on August 13, 2010 regarding the OPL245 deal and, again, on February 22, 2011. In addition, the indictment states that the two oil companies’ executives attended meetings from November 18 to 25, 2010, at Mr. Adoke’s offices in Abuja. Apart from Mr. Adoke, Alhaji Aliyu Abubakar also known as "AAA Oil" was also present at the meetings during which, according to Italian prosecutors, “the financial conditions of the deal (1.3 billion) were agreed.”

The firms’ executives also met with Mr. Dan Etete in Milan, Italy from November 30 to December 1, 2010 and finalized issues “relating to the commissions.” Mr. Armanna, the Senior Advisor of Nigerian Agip Oil Company Ltd and as Eni Vice President for upstream sub-Saharan activities, reportedly played a major role in the scam. The indictment accuses him of maintaining contact with Mr. Obi and Mr. Etete, even though he was “fully aware of the destination of most of the sums paid by Eni to the political sponsors of the operation” and that some executives of Eni and Shell, himself included, were to receive “significant sums” from the deal. He is also accused of coordinating the fraudulent deal with his Shell counterpart, Peter Robinson, and hosting meetings at his residence in Nigeria with Shell executives. Mr. Armanna reportedly “supervised the Eni negotiating team's drafting of the ‘resolution agreements.’” In addition, he met with Mr. Adoke numerous times to discuss the illicit transfers.

Italian prosecutors accuse Mr. Armanna of facilitating the Nigerian government’s active role in the Malabu deal, including the payment “of €1,092,040,000 intended for Etete, in addition to the ‘signature bonus’ of $207,960,000.” The indictment states that he coordinated with Gianfranco Falcioni and Bayo Ojo to transfer funds paid by Eni to the account of the Nigerian government at JP Morgan Chase London. As part of his reward, Mr. Armanna “subsequently received from Bayo Ojo the sum of €917,952 with the false payment reference of ‘Armanna inheritance.’”

The indictment states that, on October 30, 2010, Ciro Antonio Pagano, the NAE’s Managing Director, signed his firm’s offer to Raffeisen Bank, Obi's advisor, for the company’s 100% acquisition of Malabu’s “participating interest” in OPL 245. The payments comprised $207,960,000 to the Nigerian government as the signature bonus and $1,053,000,000 directly to Malabu.

The indictment names Mr. Obi as shareholder in the company Energy Venture Partners Ltd (EVP), and as the person “assigned by Etete to find a buyer for block 245.” Italian prosecutors allege that Mr. Obi agreed with Etete that the “so-called ‘excess price’ – between the sum that Eni/NAE was undertaking to pay and the amount accepted by Etete, would be withheld by Obi, with the expectation that the aforementioned premium would be distributed among Mr. Obi, his sponsors, Di Nardo and Bisignani, Eni and Shell executives and “Nigerian government officials, in particular the Minister of Petroleum, Diezani Alison-Madueke.”

According to the indictment, Mr. Obi having met several times with Attorney General Adoke, and maintained direct relations with the AGF as well as with “persons connected to him, specifically Roland Ewubare and Oghogo Akpata.” He also maintained relations with Ms. Alison-Madueke and NSA Gusau, said the indictment.

The document also accuses Ednan Tofik Ogly Agaev of agreeing to a fee of 6% for his work as intermediary between Mr. Etete and Shell. It said Mr. Agaev, a Russian and former MI6 operative, subsequently worked for Shell as Senior Business Advisor and Strategic Investment Advisor. He is accused of meeting NSA Aliyu Gusau “on a number of occasions and having obtained information from him on the expectations of President Jonathan and other members of the government.”

The document describes Mr. Etete as “the fraudulent holder of the OPL245 exploration license since 1998.” He is also accused of “having received authorization from Minister of Petroleum Alison-Madueke to dispose of 100% of OPL245, following the decision of President Jonathan.” In addition, he “conducted confidential negotiations with Aliyu Abubakar, who acted as an agent of Goodluck Jonathan,” and “accepted, under government pressure, the total sum of $1.3 billion, established by Eni and Shell.”

Italian prosecutors also reported that Mr. Etete “received $801.5 million from the Nigerian government under the FGN Resolution Agreement, and having transferred to Abubakar Aliyu, directly or through companies attributable to him, funds of approximately $520 million, intended to be paid to President Jonathan, members of the government and other Nigerian government officials.”

The indictment also states that the Malabu deal involved an agreement that Dan Etete would use much of the funds from the sale of the oil bloc “for his own benefit and that of a large number of other beneficiaries to purchase property, aeroplanes, armored cars, etc.).”

The indictment added that “President Goodluck Jonathan and other members of the Nigerian government in office at the time, including Mrs. Alison-Madueke, Attorney General Muhammed Bello Adoke, National Security Advisor Aliyu Gusau, a member of the House of Representatives, Umar Bature, former Senator Ikechukwu Obiorah, and “holders of influence over President Jonathan and other members of the government” received huge payoffs from the Malabu deal.

Saharareporters

http://investorsking.com/president-jonathan-diezani-gusau-adoke-others-shared-1-3b-in-malabu-oil-fraud-italian-prosecutors/

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Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by dustydee: 10:47am On Jan 06, 2017
Ah! The witch-hunt and media trial has gone international. grin

19 Likes

Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by sandyd: 10:50am On Jan 06, 2017
Money that would have employed the youth s and made Nigeria a country of reputation. So sad

30 Likes 2 Shares

Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by jazinogold(m): 10:52am On Jan 06, 2017
wink

You sure say PMB no chop this yam too? angry

1 Like 1 Share

Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by DONSMITH123(m): 10:52am On Jan 06, 2017
dustydee:
Ah! The witch-hunt has gone international.

MUST EVERYTHING BE?

38 Likes 3 Shares

Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by Ijaya123: 10:52am On Jan 06, 2017
Chai!!!

Jonathan, you will never go unpunished. You presided over the most corrupt government in the history of this country.

Under your nose, money meant to equip the military to battle insurgents were stolen while you were getting drunk.

Many innocent people were killed due to your grand incompetency and cluelessness.. Their blood will judge you.

Jonathan I repeat, you will never go unpunished.

80 Likes 5 Shares

Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by XXLDICK(m): 10:52am On Jan 06, 2017
Nothing will be done to them.

Those who think Buhari is interested in fighting corruption are only deceiving themselves

1 Like 2 Shares

Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by geesilver(m): 10:53am On Jan 06, 2017
IPOB hero is not a thief o

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Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by toluodek(m): 10:54am On Jan 06, 2017
We have really failed ourselves as a nation.

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Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by Nobody: 10:54am On Jan 06, 2017
sahara disreporters?
i think I'll pass.

1 Like

Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by geesilver(m): 10:55am On Jan 06, 2017
Imagine these clown still in power. What would have happen to us all.

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Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by surrogatesng: 10:55am On Jan 06, 2017
na wah oo

1 Like

Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by obataokenwa(m): 10:56am On Jan 06, 2017
We voted him out because of so many of those reasons. APC what do you guys have for us. stop chasing nonsense and let's talk about the present situation.

6 Likes 1 Share

Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by transient123(m): 10:56am On Jan 06, 2017
How can st. Jonathan be corrupt. He is a saint, only surrounded himself with Aninis and Osumbos according to wailers.

Show me your friends and I will tell you the kinda of person you are.

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Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by isrealisaac: 10:59am On Jan 06, 2017
lol
Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by INTROVERT(f): 11:00am On Jan 06, 2017
grin
Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by TOPCRUISE(m): 11:00am On Jan 06, 2017
WHAT ELSE DO YOU EXPECT FROM SOMEONE WHO SAYS STEALING IS NOT CORRUPTION

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Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by Ijaya123: 11:00am On Jan 06, 2017
obataokenwa:
We voted him out because of so many of those reasons. APC what do you guys have for us. stop chasing nonsense and let's talk about the present situation.

Don't be so quick to forget that where you are is a direct consequence of where you're coming from.

17 Likes 2 Shares

Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by HomeOfMe(f): 11:01am On Jan 06, 2017
what a shame,thieves everywhere;same way they have killed the halliburton scandal because it involves powerful ex heads of state a d the rest. According to an Africa. proverb,"every dog eats Shi.t,but the one who was caught I. the act is taken as the guilty one". I've always known dieziani outside of politics,she's very greedy,so I'm not surprised.

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Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by drss2(m): 11:02am On Jan 06, 2017
more opium for zombies.
malabu oyel scam dat spans as far back during military dictatorship down to OBJ n yar' adua's regime, dis kworopt mafias from d deserts (togeda with their partners addicted to oyel money) have been enriching demselves mercilessly through oyel deals way back from 1980s to 2017 at d expence of owners of niger delta oyel, nobody is calling their names. but all of a sudden, d man GEJ, with oyel well in his backyard has becom d only beneficiary of oyel deals in nigeria how convenient for dem to remember n mention his name. see how they stylishly left names like IBB, abacha, late farouk lawan (former petroluem minister n grand master of corruption in oyel sector in nigeria) abdulsalam abubakar, OBJ, yar adua, retired generals n a host of oda oyel addicts n fixed their attention on GEJ just to witch-hunt their political enemies.
remember dat halliburton report wia former heads of states n top govt officials wia implicated was their names mentioned in d damn report they didn't mention their names becos they wia angels, members of d saint party APC. but wen it suits dem, d name Jonathan becoms their favorite propaganda tool for mass brainwashing becos he's their political enemy n MILES AHEAD OF THEM AS FAR AS ECONOMIC DEVELOPMENT IS CONCERNED. is d con3 not in recession today their incompetence is d only reason why nigerians ar suffering.

they know GEJ is better dan dem in governance, so d only way to make nigerians hate him is to launch n sustain all forms of media propaganda against him. yeye pipul.
corruption dat is still thriving very well in secret in nnpc under d supervison of d saint himself, who happens to be d current minister of petroluem, buari dullard. yeye dey smell.
tell us anoda story. italian prosecutors my foot.

17 Likes

Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by Lanre4uonly(m): 11:03am On Jan 06, 2017
Different allegations everyday. Yet, absolutely nothing will come out from all the allegations in the end.
Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by czaratwork: 11:04am On Jan 06, 2017
Jonathan's problem. If he had probed Harliburton scandal he will not be in these mess alone. Now it is only his name that is being mentioned. What of harliburton scam?

1 Like

Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by ChessEnthusiast: 11:06am On Jan 06, 2017
Yet some iPod fools from the erosion ravaged region would come to every thread to taunt us for voting out the clueless one without taking into cognisance bow Nigeria got into recession. Voting out Gej wasn't a mistake. That nigga was corruption personified.
So, IPod yoot from ugwu republic can go cry us a river.

Yeah, Buhari is Fucking up as well and he'll be booted out like Gej in 2019 back to Daura to go and have a nice reunion with his cows and fellow unintelligent Islamic fundamentalist daurians who only think about the North.
The guy isn't fit to be a president!

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Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by OgaJonah(m): 11:07am On Jan 06, 2017
Jonathan Again shocked shocked shocked

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Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by Zico5(m): 11:07am On Jan 06, 2017
Any ipod youth who think yoruba voted GEJ out of hatred is deluded. We don't play tribal sentiment like u people asserted. All we want is national development not the kind of government igbo want. All that matter to them is sharing of national cake and to have their kinsmen holding a lucrative posts. Where is second Niger bridge Gej promised, where is good roads and others. All u hear from them is stories that government is continuous. Despite the fact that Gej looted everything lootable, they still stand firm with him, even some deluded minds among them are still calling him to come back. We need more investigation to unravel some of the myth behind the evils perpetrated by Gej.

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Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by Atiku2019: 11:07am On Jan 06, 2017
cry cry cry cry
Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by teozey111(m): 11:08am On Jan 06, 2017
Ijaya123:


Don't be so quick to forget that where you are is a direct consequence of where you're coming from.
olodo wake up...corruption has been in Nigeria since eternity....things were not this bad...buhari's kind of corruption is taking lives....
when will you have sense.....suffering and smiling...yet not a single sense...
why is it that the money abacha looted never made Nigeria suffer like this....
no body is a saint ...anybody is capable of corruption.... but corruption and greed .....heartlessness... lies....all this ia what we are experiencing in this government

1 Like

Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by bigerboy200: 11:08am On Jan 06, 2017
Na wa
Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by Sunnynwa: 11:09am On Jan 06, 2017
Someone sold his oil bloc allocation, what's d business of busy bodies what he does with the money realised?

How about Danjuma that got same from the sane Abacha and sold it making more than $500M profit? Who is talking about that one?

Indimi and Mai deribe that keot theirs and are mskung billions nko?

7 Likes 1 Share

Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by Firefire(m): 11:09am On Jan 06, 2017
I watch the video of Charmian Gooch (2013) on “Meet global corruption's hidden players” and was moved to see the level of corporate corruption both within MNCs and among government official, and the part involving a former Nigerian oil Minister, Dan Etete with two oil giant, Shell and Eni, involving the payment of $1.1 billion for OPL 245 oil block, money meant to be diverted to a dubious oil firm, Malabu Oil and Gas created by the minister.

I remember a similar incidence in 2010 where former US Vice President Dick Cheney, who was the then CEO of Halliburton was indicted for a fraudulent deal of $182 Million with some government official in Nigeria, in exchange for a $6 Billion plans to build the Bonny Island Natural Liquefied Gas Project.

It has been established that a number of western banks were complicit in supporting this fraudulent practices and violation of CG and likewise a conduit for bribes and corruption within most MNCs caught in the act, meaning there is a ‘global facilitators’ aiding this practice.
In about 200 cases of MNCs corruption investigated by the World Bank, study shows that over 70% of the MNCs involved used shell companies, with amount totaling 56 Billion. To most corporations, making profit and maximizing shareholder’s value hand being taken ahead of ethics, and good Corporate Governance (CG).

Between 1999 and 2002, another government body, Australian Wheat Board (AWB) in order to continue its sales to Iraqi lucrative market clearly breach the United Nations trade sanctions imposed against Iraq, and was seen to be involved in a wide scale bribery and illicit payment of A$300 million to the Iraq government for a transportation fees which was funneled to the then Saddam Hussein regime. Fallon and Cooper (2015)

The continuous fraudulent practices witnessed across the globe shows clear violation of CG and ethics, is also a sign that corporate integrity is still at stake.

Finally, in the world of Charmian (2013) “In a Globalized world, corruption is truly a globalized business, one that needs a globalize solution supported and push by us all as global citizens”.

Curled from one of my weekly submission.

- Firefire

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Re: Jonathan, Diezani, Others Shared $1.3b In Malabu Oil Fraud—italian Prosecutors by Stalwert: 11:10am On Jan 06, 2017
grin Oga Jona is it true?

3 Likes 1 Share

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