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Federal government sues Shell, Eni over Malabu oil deal

The federal government has filed a $1.1 billion suit against Royal Dutch Shell Plc, Eni and other companies for a 2011 Malabu oil deal saying it was tainted with corruption.

Malabu scandal: Trial of nine Shell, Eni executives starts June 20

The trial of nine current and former executives or contractors from Italy’s Eni and British-Dutch giant Royal Dutch Shell, including ENI Chief Executive Claudio Descalzi, over a 1.3 billion dollars oil deal in Nigeria, will begin in Milan on June 20.

Malabu scandal: Ijaw youths protest ‘persecution’ of Dan Etete

“If they don’t allow Etete to continue to do business in the oil and gas industry, Ijaw people will have no choice than to tell the country that the oil and gas belong to us. They should stop the investigations of the Malabu oil deal. OPL 245 belongs to an Ijaw man”.

OPL 245: A most popular oil block

The Petroleum Act 1969 (as amended) grants powers to the Ministry of Petroleum, acting through the Department of Petroleum Resources (DPR) to administer the licensing of oil blocks in the country.

Section 5 and the Mohammed Bello Adoke case

His Lordship Justice Binta Nyako at the Federal High Court sitting in the Federal Capital Territory last Friday, gave an instructive, landmark judgment in the matter between Mohammed Bello Adoke and the Attorney General of the Federation on the extent of Presidential powers.

JP Morgan admits it knew ex-oil minister linked to OPL 245

JP Morgan Chase has acknowledged it knew that a former Nigerian Minister of Petroleum Resources, Mr. Dan Etete, would benefit when it transferred over $800 million proceeds from the sale of Oil Prospecting Lease (OPL) 245 to a company he controlled.

Eni and Shell go on trial over Nigeria kickback scandal

Oil giants Eni and Shell go on trial in Milan on Monday, charged with bribery and corruption in the purchase of an offshore oilfield in Nigeria.

Publish corruption in social investments programme – SERAP tells President Buhari

The organisation also urged the president to ask the duo to make available the exact part of the $321 million of Abacha loot, which was affected by the fraud. The loot was recently returned by Switzerland.

Federal govt sues JP Morgan for $875 million over Malabu oil deal

Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country’s former oil minister.

President Buhari’s govt rotten, covered with scandalous corruption – Governor Fayose

Ekiti State Governor, Mr. Ayodele Fayose, has described the President Muhammadu Buhari-led government as one that is rotten and covered with scandalous corruption, saying; “within the last one month, Nigerians have been confronted with messy revelations that gave credence to my earlier position that President Buhari is the life patron of corruption in Nigeria.”

Nigeria recovers $85m Malabu loot from UK – Abubakar Malami

The Minister of Justice and Attorney General of the Federation (AGF), Abubakar Malami, Thursday announced that the Federal Government had just recovered $85million Malabu fund from the United Kingdom (UK).

Nigeria still suffering from Malabu scandal – Yemi Osinbajo

Vice-President Yemi Osinbajo says Nigeria is still suffering the consequences of the lack of transparency involved in the award of OPL 245 to Malabu Oil and Gas Ltd in 1998.

Recent Stories

Seventy-five members of the Boko Haram and Islamic State West Africa Province (ISWAP) terrorist groups have been killed by the military across the North East in the last six weeks.

Troops raid terrorists’ hideouts, eliminate five in Borno

Troops of Operation Fire Ball have eliminated five Boko Haram (BHT)/ISWAP terrorists and recovered a cache of arms and ammunition as well as bags of assorted grains in recent attacks on their hideouts in Borno.
Briefing State House Correspondents on Wednesday after the virtual FEC meeting presided over by President Muhammadu Buhari at the Aso Rock Presidential Villa, Abuja, the Minister of Works and Housing, Babatunde Fasola, and Special Adviser to the President on Media and Publicity, Mr Femi Adesina, gave breakdowns of the approvals.

President Buhari condemns ‘insane’ killing of farmers by Boko Haram in Borno

President Muhammadu Buhari has expressed grief over the killing of farmers on rice fields at Zabarmari in Jere Local Government of Borno, describing the terrorist killings as insane.
The Bible Society of Nigeria (BSN) on has announced the appointment of Pastor Samuel Sanusi as its new General Secretary- Chief Executive Officer-Designate.

Bible Society appoints new CEO-designate

The Bible Society of Nigeria (BSN) on has announced the appointment of Pastor Samuel Sanusi as its new General Secretary/ Chief Executive Officer-Designate.
Kidnap

I paid N3 million ransom before I was freed by kidnappers – doctor

Azubuike Iheanacho, the medical doctor that was kidnapped in Dekina Local Government Area of Kogi State, has revealed that he had to pay a ransom before the abductors freed him.
The International Table Tennis Federation (ITTF) Men’s World Cup served off its first spins on Friday, November 13 and there was a shocking loss for Nigeria’s best table tennis player, Quadri Aruna, who was beaten by Slovenian Darko Jorgic.

Aruna Quadri records third league victory with TTC in German Bundesliga

Aruna Quadri returned to winning ways with TTC RhönSprudel Fulda-Maberzell (TTC) in the Table Tennis Bundesliga as the Nigerian was instrumental to his team’s 3-1 win over TTC OE Bad Homburg at the weekend.