Nigeria sues JP Morgan Chase for Role in Malabu Oil Scam; Claims $1.7 billion
February 23, 2022 A London high court began to hear a lawsuit on Wednesday launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its…
How Nigeria can polish global image with Malabu oil deal – Experts
International financial and anti-corruption experts have pointed to ways Nigeria can shore up her global reputation with OPL 245 oil deal otherwise known as Malabu oil deal in which a…
Italian authorities haven’t sought Etete’s arrest
Lawyers representing former Nigerian oil minister Dan Etete told Reuters on Friday it was “incredible” that a court had issued a warrant for his arrest in relation to a…
Adoke’s arrest is the latest success in the fight against corruption by Buhari’s administration – Sagay
Chairman Presidential Advisory Committee against Corruption, Prof. Itse Sagay The chairman of the Presidential Advisory Committee against Corruption, Prof. Itse Sagay has confirmed the arrest of former Attorney-General of…
Diezani, Etete, Adoke graft case: Prosecute or hand them over to Nigeria – Magu urges UK
Mr Ibrahim Magu, Acting Chairman, Economic and Financial Crimes Commission (EFCC) has expressed concern over the slow pace of action from the United Kingdom (UK) on the corruption case, involving…
Fresh leads reveal how Jonathan, Diezani scammed Nigeria in Malabu oil deal
The Nigerian government has obtained fresh evidence incriminating former President Goodluck Jonathan and his then oil minister, Diezani Alison-Madueke, of accepting bribes and breaking the country’s laws to broker a…
FG says Jonathan, Diezani conspired to “receive bribes and make a secret profit” – court filing
The Nigerian government has accused former President Goodluck Jonathan and the then Petroleum minister, Diezani Alison-Madueke of accepting bribes and breaking the country’s laws to broker a $1.3 billion oil…
Shell faces more charges over bribery, emission, explosion
Shell will be prosecuted for criminal charges relating to a $1.3 billion settlement for an oil exploration licence in Nigeria, and has also been summoned by prosecutors to face charges…
$1.3 bn OPL-245: Shell Confirms DPP’s Investigation
Mr Bamidele Odugbesan, Manager, Media Communications of Shell Nigeria, has confirmed the Dutch Public Prosecutor’s Office investigations against Royal Dutch Shell (RDS). Odugbesan, who confirmed the development to the News…
Dutch Prosecutors Prepare Criminal Charges Against Shell Over Nigeria Oil Deal
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011. Shell said in a statement on its…