obaataaokpaewu:
Good one! Let's share it amongst the populace and go to China and borrow $75m

gigabyte13:
When l hear MALABU OIL DEAL, two things come to my mind.....






PDP and JONATHAN..... never again in Nigeria

omoowo8888:
*We’ve deposited cash with CBN —Malami

*FG signs new pacts with 6 countries to block looting of funds

By Soni Daniel, Northern Region Editor

Although the Nigerian Government is yet to prosecute and convict many individuals and entities involved in the alleged monumental fraud running into billions of Naira in the controversial Oil Prospecting Lease 245, the United Kingdom has returned the sum of $73 million seized in connection with the fraud to the Nigerian Government.

Fuel Supply: NNPC set to control more than 14% market share Oil However, the name of the individual or the company the cash was recovered from has not been named at the moment, even as the money has been received in Nigeria.

According to a document made available to Saturday Vanguard by the Attorney General of the Federation, the money was part of the questionable proceeds from the sale of OPL 245 by Malabu Oil and Gas Company to ENI/Shell.

The Attorney General of the Federation, Abubakar Malami, confirmed in the document he made available to Saturday Vanguard that the cash had already been received and paid into the Central Bank of Nigeria.

“The Commercial Court in the UK ordered a pay out of the sum of over $73 million with interest to the Nigerian Government, this being part of the proceeds from the sale of OPL 245 by Malabu Oil and Gas Company to ENI/SHELL.

“The said sum has also been received and deposited with the Central Bank,” the minister said. The repatriation comes as the Federal Government has taken major steps to block the looting of funds into or out of the country by corrupt elements.

Accordingly, the government has signed memoranda of understanding and bilateral agreements with the United Arab Emirates, the United Kingdom, Switzerland and Italy to ensure that funds looted to those climes are promptly returned and vice versa.

Malami also said that the government was making international recovery efforts to cover other countries such as the United States, Ireland, Island of Jersey and France.

Source: https://www.vanguardngr.com/2018/11/malabu-oil-scam-uk-court-repatriates-73m-to-fg/

helinues:


Do you calculation with 200m population
Dollar rate : 360

Each person cant get up to N150

Princeofnigeria:
I regret ever coming from this country.

May it never be well with all this people and their children.

Quality20:
who is Dan etete?

OkaNaUbe:




Don't misinform people

It started from Abacha era.



Source: https://opera.pulse.ng/news/local/malabu-oil-scam-12-things-you-should-know-about-controversial-deal-id6519987.html

obaataaokpaewu:
the way they shared Abacha's loot nah. Did the money get to you?

helinues:


It doesn't work that way though I am not justifying how FG spent all the money they have recovered.

omoowo8888:


This fraud happened under PDP oooo

omoowo8888:


This fraud happened under PDP oooo

gigabyte13:
When l hear MALABU OIL DEAL, two things come to my mind.....






PDP and JONATHAN..... never again in Nigeria

gare:


But you block your ear for NLNG $1.5 Billion

OkaNaUbe:
This Malabu scam started during Abacha, scroll below to read more.

OkaNaUbe:




Don't misinform people

It started from Abacha era.



Source: https://opera.pulse.ng/news/local/malabu-oil-scam-12-things-you-should-know-about-controversial-deal-id6519987.html

omoowo8888:
*We’ve deposited cash with CBN —Malami

*FG signs new pacts with 6 countries to block looting of funds

By Soni Daniel, Northern Region Editor

Although the Nigerian Government is yet to prosecute and convict many individuals and entities involved in the alleged monumental fraud running into billions of Naira in the controversial Oil Prospecting Lease 245, the United Kingdom has returned the sum of $73 million seized in connection with the fraud to the Nigerian Government.

Fuel Supply: NNPC set to control more than 14% market share Oil However, the name of the individual or the company the cash was recovered from has not been named at the moment, even as the money has been received in Nigeria.

According to a document made available to Saturday Vanguard by the Attorney General of the Federation, the money was part of the questionable proceeds from the sale of OPL 245 by Malabu Oil and Gas Company to ENI/Shell.

The Attorney General of the Federation, Abubakar Malami, confirmed in the document he made available to Saturday Vanguard that the cash had already been received and paid into the Central Bank of Nigeria.

“The Commercial Court in the UK ordered a pay out of the sum of over $73 million with interest to the Nigerian Government, this being part of the proceeds from the sale of OPL 245 by Malabu Oil and Gas Company to ENI/SHELL.

“The said sum has also been received and deposited with the Central Bank,” the minister said. The repatriation comes as the Federal Government has taken major steps to block the looting of funds into or out of the country by corrupt elements.

Accordingly, the government has signed memoranda of understanding and bilateral agreements with the United Arab Emirates, the United Kingdom, Switzerland and Italy to ensure that funds looted to those climes are promptly returned and vice versa.

Malami also said that the government was making international recovery efforts to cover other countries such as the United States, Ireland, Island of Jersey and France.

Source: https://www.vanguardngr.com/2018/11/malabu-oil-scam-uk-court-repatriates-73m-to-fg/

anyimontana:
Just at the right time.campaign money do show.u.k is still the major cause of our problems till date.they ask una to give us independence, una just give us like that.

Vejin:
welcome to the looting capital of the world, where a looter will recover looted money that has being looted by corrupt looters, only for the looted money to be re-looted again by the same looter who recovered the looted money...



this one will be distributed to the usual 5000 poor people or so... no wonder a former British prime minister once said we are fantastically corrupt!