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FG has recovered $85m from Malabu Oil deal, says Malami

The Federal Government says it has recovered $85 million so far as part of the stolen funds from the Malabu Oil deal.

Abubakar Malami, Attorney General of the Federation and Minister of Justice, made this known at a consultative meeting on assets recovery in Abuja on Thursday.

Malami said the sum was recovered from the government of the United Kingdom, adding that the Nigerian government was intensifying its efforts to recover more funds.

He however said that some of the countries, where these funds had been stashed, were not cooperating with the Nigerian government.




     

     

    He said several treaties had been signed between the Nigerian government and the governments of foreign nations to facilitate the return of stolen assets.

    Already, Mohammed Adoke, former Attorney General of the Federation; Dan Etete, former Petroleum Minister; and Aliyu Abubakar, a businessman, are facing charges for alleged foul play in the Malabu oil deal, which involved the sale of oil block OPL 245 to two oil giants: Shell and AGIP.

    But Adoke had denied any wrongdoing, claiming that all the actions he took with regard to the deal were directed by Goodluck Jonathan, who was President at the time.

    The House of Representatives Committee on Justice has invited Jonathan to appear before it and explain what he knows about the Malabu oil deal.

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