Royal Dutch Shell: How Nigeria’s Ex-Attorney General Bayo Ojo Received $10 Million From Malabu Largesse
10/05/2021 | 03:07am EDT
Christopher Bayo Ojo, who between June 2005 and May 2007 was Nigeria’s Attorney General and Minister of Justice, received $10.026 million the infamous Malabu OPL 245 share-outs, a payment investigators said was a “bribe” for his earlier controversial decision to reassign the lucrative oil block to Dan Etete, Nigeria’s former petroleum minister.
The OPL 245, at the centre of far-reaching lawsuits in Europe and the U.S., was originally awarded by erstwhile military Head of State General Sani Abacha to Malabu, a briefcase firm hurriedly put together by Mr Etete, who would be later convicted of corruption on a separate matter.
Mr Abacha, a notorious kleptocrat, ensured his son was a part-owner of Malabu. But the fraudulent deal was annulled following Abacha’s death, and Mr Etete went to court to challenge the decision.
It involved Shell and Eni taking over the contentious block after paying $1.2 billion to Malabu through the Jonathan government which claimed it acted as a mediator.
Vincenzo Armanna, a former Eni manager, received $1.2 million in his current account domiciled at the Banca Popolare di Bergamo on May 8, 2012 at the behest of Mr Ojo from Oceanic Bank International (Nigeria) Limited with the description: “Giuseppe Armanna Inheritance”, it also says.
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