The Federal Government Tuesday finally filed a nine-count charge against a former Minister of Petroleum Resources, Chief Dan Etete, former Attorney General of the Federation and Minister for Justice, Mohammed Bello Adoke (SAN) and six companies among others for their alleged complicity in the payment of $400 million to Malabu Oil and Gas from a Nigerian escrow account with JP Morgan Chase Bank in London, ThisDay reports.
The money was said to have been paid into Malabu’s account in the defunct Bank PHB Plc, now Keystone Bank Limited. The offence was said to have been committed on or about 24 August 2011. The six companies were said to have committed an offence contrary to section 15(2) of the Money Laundering (Prohibition) Act 2011.
The six companies charged alongside Etete and Adoke are Malabu Oil and Gas Limited, Rocky Top Resource Nig. Ltd, Imperial Union Limited, Novel Property and Development Co. Limited, Group Construction Limited, and Megatech Engineering Limited.