Italian prosecutors claim that nearly $1.1 billion
was stolen by Nigerian politicians.

Nigeria’s Minister of Justice, Justice Abubakar
Malami, says that the Dutch and Swiss
governments are expected to send the sum of
$200 million from the OPL 245 Malabu Oil deal to
Nigeria.
The Minister announced this in Abuja during an
interactive session on capacity with members of
the Judiciary in Abuja on Tuesday.

The Minister said the recovered loot was paid into
federal government treasuries for the
development of critical infrastructure in the nation
like the second Niger Bridge and the Lagos
Ibadan Expressway. He also added that the
whistleblower programme has recovered over
N685 million in the past year while forfeited
vessels and trucks recovered N500 million for the
government within the same period.

The backstory: Multinational oil companies, Eni
and Shell, paid $1.3 billion in 2011 to acquire OPL
245 offshore field. The payment was to a
company called Malabu, which was owned by
Nigeria’s former Oil Minister Dan Etete. However,
Italian prosecutors claim that most of the
payments were kickbacks to Nigerian government
officials.

Italian prosecutors also claim that nearly $1.1
billion was stolen by Nigerian politicians and
middlemen with Dan Etete keeping half. Italian
courts said the oil companies paid the money
knowing most of it would go as kickbacks.

Prosecutors have, therefore, called for an 8-year
prison sentence for former Eni CEO, Paolo
Scaroni. Both companies have been fined $1.04
million and prosecutors seek the confiscation of
$1.092 billion from the defendants of the case.


source: https://nairametrics.com/2020/07/28/malabu-scandal-netherland-switzerland-to-send-200-million-to-nigeria/

some ppl are getting ready 2 reloot the recoverd loot

Would it benifit the common man

Plz some one should help me with airtime on MTN

09031644434

Eventually ending up in private pockets, cabins, cabinets, sewage tanks etc

Can they not just like do a list, and write our name and account number and send the money to us directly instead of sending it to our govt were it will be relooted.

At least one million go reach everybody hand.

Aloooter

See work wey hushpuppy for take blow.