$1.09bn Malabu oil deal: Court orders arrest of former Petroleum Minister, Dan Etete

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$1.09bn Malabu oil deal: Court orders arrest of former Petroleum Minister, Dan Etete
Justice Idris Kutigi has ordered the arrest of former Minister of Petroleum, Dan Etete over his involvement in the Malabu Oil scam. Etete was the Minister of Petroleum under General Abacha's regime.

EFCC lawyer, Bala Sanga, in an exparte application filed on January28th, informed the court that the arrest of the former Minister is key to unearthing the truth about the Malabu oil scam. Justice Idris Kutigi, while granting the request, ordered the Inspector General of Police (IGP) to arrest the former Minister and produce him before the court. 
“I have carefully gone through the application…The application has merit and is granted as
prayed.”the judge said
 

The Economic and Financial Crimes Commission (EFCC) had earlier accused Etete and two others of playing roles in the alleged fraudulent allocation of the lucrative Oil Processing Licence 245 to Malabu Oil and Gas Limited in 1998.

The anti-graft agency named Etete, Munamuna Seidougha and Amaran Joseph, as being on the run in the 42 counts of the alleged fraudulent Malabu Oil transactions recently filed against the immediate-past Attorney-General of the Federation, Mohammed Adoke (SAN), and six others.

Adoke and others had since pleaded not guilty to the charges and were granted bail by Justice Kutigi earlier on Thursday January 29th.

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