Nigeria to lose $4.5 billion in Malabu oil deal, says expert

The acting chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has given assurances that the commission is revving up its investigations into the Malabu Oil Scandal, and those complicit will be prosecuted.

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Mr Magu gave the assurance while receiving some documents from the president, Resource for Development Consulting,Don Hubert, on November 29, 2018 at the EFCC Headquarters, Abuja.

Read full story: https://dailynigerian.com/nigeria-to-lose-4-5-billion-in-malabu-oil-deal-says-expert/

Mr Hubert, an extractive industries analyst, analyzed the terms and conditions for the sale of the controversial Oil Prospecting Lease, OPL 245, otherwise known as Malabu Oil Block, to Shell and Eni.

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