Mr. Etete, as Petroleum Minister in 1998, had fraudulently awarded OPL 245 to a company he had interest in, using a false identity Kwekwu Amafegha. The oil bloc has since gone through different ownerships, legal tussles and deals before it was controversially sold for $1.1 (over N170 billion) to Shell and ENi in controversial circumstances last year, with the Nigerian government playing a shady role in the deal. Mr. Etete suggested that Pecos Limited, which was listed as a previous shareholder in Malabu’s records with the Corporate Affairs Commission, was a company connected to Mr. Obasanjo’s regime.
Posted on: Sat, 17 Aug 2013 18:06:11 +0000