Court orders return of Malabu oil block, OPL 245, to FG

Cat:

Related stories

[Video] Truck plunges from Lagos bridge, lands on commercial buses 

  A truck on Saturday plunged from the Pen Cinema...

Asean to team up on US tariffs

The Association of Southeast Asian Nations (Asean) has agreed...

Russia-Ukraine War: Trump Weighs in Again, Questions Putin’s Goal on Ending War…

By Olawale Olalekan United States President Donald Trump has expressed...

Tears As Pope Francis Is Finally Buried at Santa Maria Maggiore Basilica

By Abiola Olawole Pope Francis has been laid to rest...

Champions League: How Chelsea Trashed Everton, Secures 3 Points Against Everton in League Push

By Abiola Olawale Chelsea bolstered their Champions League qualification hopes...

The federal high court, Abuja, has given the federal government control of the controversial OPL 245, pending investigation into the $1.1 billion Malabu oil deal.

John Tsoho, a judge, gave the order, following an ex parte motion filed by the Economic and Financial Crimes Commission (EFCC).

The OPL245 was said to have been acquired from the federal government by Malabu Oil and Gas Limited in 1998.

It was later sold Shell and Agip.

“The property known as Oil Prospecting License (OPL 245) is to be managed by the Department of Petroleum Resources on behalf of the federal government of Nigeria pending the conclusion of investigation and prosecution,” he had declared.

On December 20, 2016, the EFCC in a nine-count charge accused Mohammad Adoke, a former attorney-general of the federation, and nine others of defrauding the federal government.

The house of representatives has also reopened its own investigation into the oil deal.

Culled From The Cable
Culled From The Cable
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

Latest News
[Video] Truck plunges from Lagos bridge, lands on commercial buses Asean to team up on US tariffsRussia-Ukraine War: Trump Weighs in Again, Questions Putin’s Goal on Ending War...Tears As Pope Francis Is Finally Buried at Santa Maria Maggiore BasilicaChampions League: How Chelsea Trashed Everton, Secures 3 Points Against Everton in League Push"How I stole Over N6billion", Osun Monarch, Apetu of Ipetumodu, Pastor Plead Guilty to Fraud in USRivers Crisis: There'll Only Be Peace If... Wike Gives TermsAlleged CBEX N1.3 Trillion Scam: EFCC Escalates Fight Against Fraudsters, Declares Eight Persons WantedUK Deports 43 Immigration Offenders to Nigeria, Ghana in Latest Crackdown‘I Remain Committed to LP, No Plans to Join APC’ – Otti Quells Defection Rumors[PHOTOS] Trump, Macron, Zelensky, Javier Milei, Keir Starmer, Other World Leaders Attend Pope Francis’s Funeral At the Vatican CityWike vs Douye Diri: Chaos As Gunshots Disrupt Pro-Wike Rally In BayelsaTribunal Verdict: WhatsApp Challenges FCCPC’s $220m Fine, Seeks Stay Of OrderHow 1,300 Nigerians Secured US Asylum In 3 Years -- EOIRNigeria’s Banking and Financial Services Sector in 2030
X whatsapp