Malabu $1.1bn Scandal:Court Orders OML 245 Returned To Nigerian Government

                                

Justice John Tsoho of the Federal High Court on Thursday morning granted the Economic and Financial Crimes Commission EFCC an Order mandating the return of OPL 245 to the Nigerian government pending the conclusion of the investigation.

OPL 245, Is considered the largest oil block in Africa with over 9 billion barrels of crude.Two oil giants, Shell and Eni, in 2011 paid about $1.1 billion into a Nigerian government account in London to take control of the oil block.
In which a huge per cent of the money  Over 70% was subsequently transferred in controversial circumstances into Malabu accounts controlled by a former petroleum minister, Dan Etete. Mr. Etete transferred over half of what he got into accounts of phoney companies controlled by Aliyu Abubakar, a man wanted for fraud in Italy and whom the EFCC already charged for fraud.
Mr. Abubakar is believed to be a front for several top officials of the Goodluck Jonathan,administration including Mr. Jonathan and his attorney general, Bello Adoke. Both men have denied any wrongdoings.