Senate probes Malabu oil deal

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adoke-CJNThe Senate Thursday mandated its committees on finance and upstream petroleum to investigate the $1.092 billion Malabu oil deal.

While explaining the necessity to look into the matter, Senate President, David Mark, insisted that investigation be conducted into the matter with the aim of unravelling the circumstances revolving around the Malabu saga.

The House of Representatives had last week passed a resolution summoning the Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Mohammed Adoke, to explain all he knew about a letter purportedly written to a foreign organisation known as Global Witness on the deal.

The Royal Dutch oil giant Shell and Italy’s oil major, ENI, are being investigated by the British Government for alleged money laundering over the Malabu oil deal. There are also suspicions that the two oil firms which have huge investments in Nigeria have a link with money laundering allegation in relation to OPL 245 they bought from Nigeria at the rate of $1.3 billion. There was no debate on the matter.

 

Information from This Day was used in this report.