Former Minister of Justice and Attorney General of the Federation, ADOKE BELLO, has said the $1.1bn Malabu deal was approved by former presidents OLUSEGUN OBASANJO, the late UMARU YAR’ADUA and GOODLUCK JONATHAN.
He therefore, denied allegations by the Economic and Financial Crimes Commission that the Malabu deal was fraudulent and asked MALAMI exercise his power to caution the EFCC.
The former AGF said this in an open letter written to his successor, ABUBAKAR MALAMI yesterday titled, ‘Settlement of dispute over ownership/operation of OPL 245, between the Federal Government of Nigeria, Shell Nigeria Ultra Deep and Malabu Oil and Gas Limited.’
The EFCC had recently charged ADOKE BELLO and other international oil companies for their alleged role in what it described as one of the biggest scam ever perpetrated against the Nigerian people.
However, the former Minister of Justice maintained that the EFCC was being used by powerful elements like the family of the late military dictator, General SANI ABACHA, to persecute him.
Narrating the genesis of the transaction, ADOKE, who is currently in the Netherlands, said Malabu Oil and Gas Limited was in 1998 allocated the OPL 245, one of the most lucrative oil blocks in Africa.