Malabu Oil Deal Endorsed by Obasanjo, Yar'Adua, Jonathan

Mon, Mar 13, 2017 | By publisher


BREAKING NEWS, Oil & Gas

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Mohammed Bello Adoke, SAN, former minister of justice and attorney general of the federation, has revealed that the controversial Malabu oil block deal was endorsed by the previous administrations of Presidents Olusegun Obasanjo, late Umaru Musa Yar’Adua and Goodluck Jonathan.

Adoke, in an official letter written to his successor and the current Justice Minister, Abubakar Malami, SAN, which was made available to journalists said that it was the responsibility of Malami to explain to the public who are being sold a fiction that the transaction started from Obasanjo, under whose administration the Terms of Settlement were brokered with Bayo Ojo, SAN, as the then attorney general who executed the terms of settlement before the tenure of Jonathan, who approved the final implementation of the terms of settlement and my humble self who executed the resolution agreements.

He stated that explanation was important as the settlement and its implementation were situated in the federal ministry of justice.

The letter reads, “Honourable Attorney General of the Federation, your response is crucial because it has become glaring that the actions of the Economic and Financial Crimes Commission (EFCC) in respect of the transaction are not in the national interest; but rather in furtherance of a plot to serve the interests of some powerful families and individuals who are aggrieved by my refusal to accede to their requests to compel Malabu to pay them certain sums from the proceeds of its divestment in OPL 245, and the subsequent re-allocation of the Block to Shell/ENI. You will recall that I had on several occasions asserted this fact. I am therefore surprised that a national institution is being used to further the interest of individuals whose claim or shareholding in Malabu remains shady and prefer to engage proxies to fight their battles.”

Adoke stated that “recent actions of the Economic and Financial Crimes Commission, EFCC, to impugn the settlement which was done in the national interest particularly their penchant to suppress facts relating to the transaction and the filing of criminal charges against me for conspiracy/ aiding the commission of Money Laundering offence and the latest allegations of bribe taking reveal very clearly that either your Office and that of the EFCC are not working in harmony or that something sinister is going on.

“Having given you the benefit of the doubt that you would not sponsor deliberate falsehood against me, my suspicion is that there is an orchestrated plot by the EFCC to: deliberately impugn a transaction that has been scrutinized and approved by at least three past Presidents and three Attorneys General; drag my name in the mud and paint me with the tar of corruption in order to attract public odium.”

He stated that Malami as the chief law officer of the federation, has the public duty to speak on this matter so that Nigerians would know whether he acted mala fide or abused my office in the entire transaction leading to the final implementation of the Settlement.

Nigerians need to know whether your predecessors in office from 2006 to May 2015 acted in the national interest when they brokered and implemented the Settlement. “It will also be instructive for Nigerians to know whether your predecessors were carrying out their personal agenda or that their respective actions were carried out with the knowledge and approval of their respective Principals.

“If you find that I had breached my Oath of Office or abused my office, please do not hesitate to bring me to justice. However, if it is the contrary, as I strongly believe, that certain individuals who had vowed to even scores with me are now being aided by state institutions such as the EFCC; I deserve protection from these unwarranted attacks and dehumanising treatment that I am being subjected to merely because I chose to serve my fatherland.”  

The EFCC filed charges against the ex-minister and some former officials over the Malabu oil deal alleging fraud. But last week the board of directors of Eni reiterated that there was no fraud involved.

— Mar 13, 2017 @ 8:49 GMT  

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