Malabu Oil Deal: prosecutors say that a senior official of Shell had a face-to-face meeting with Etete over expensive “lunch and lots of iced champagne”: Italian prosecutors said some of the $533 million slush money was used to buy private jets…
By John Donovan
The litigation involving former Nigerian oil minister, Dan Etete, who has already been convicted for money laundering in France, continues.
Etete tried to hide his link with the now notorious company, Malabu Oil and Gas, which he registered using a fictitious director, Kweku Amafegha, and a fake address.
According to a Reuters report, more than half of the $1.1 billion paid to Malabu Oil and Gas for the procurement of one of Nigeria’s richest oil fields, OPL 245 by Shell and Eni, was used to bribe Nigerian politicians and intermediaries who helped to secure the controversial deal.
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