CBN, ALGON, FG, garnishee order absoluteThe Economic and Financial Crimes Commission (EFCC) has filed a nine-count charge against a former Minister of Justice, Mr Mohammed Adoke, a former Minister of Petroleum, Mr Dan Etete and seven others for alleged mismanagement of multi-million dollar revenue from the sale of oil bloc to Malabu Oil and Gas Limited.
The others are a businessman, Aliyu Abubakar, Malabu Oil and Gas Limited, Rocky Top Resources Limited, Imperial Union Limited, Novel Properties and Development Company Limited, Group Construction Limited and Megatech Engineering Limited.
Court papers filed by prosecutors say the accused persons transferred $801.540 million from the Federal Government escrow account.
The charges are filed two months after the House of Representatives investigated alleged shady deals in the award of oil blocs involving Malabu Oil and Gas Limited.
According to the court papers, Mr Dan Etete is alleged to have at different times transferred an aggregate sum of $801.540 million into the account of Malabu Oil and Gas in a commercial bank in Nigeria.
A second accused person, Aliyu Abubakar and his company Rocky Top Limited are alleged to have transferred $478.603 to Imperial Union Limited, Novel Properties and Development Limited, Group Construction Limited and Mega Tech Engineering Limited as payment for services rendered when he ought to have known that the money was proceeds of an unlawful act between Mr Etete and Malabu Oil and Gas Limited.
The former Minister of Justice and Attorney General of the Federation in one of the nine charges is alleged to have aided Mr Etete and Malabu Oil and Gas Limited to commit the offence of money laundering by facilitating $801.540 transferred to Mr Etete and Malabu Oil and Gas Limited from the Federal Government escrow account.
The charge, which was filed on December 20 is yet to be assigned to a judge.