Malabu Oil Archives - PRNigeria News https://prnigeria.com/tag/malabu-oil/ Reliable Platform for Press Release Syndication Thu, 15 Feb 2018 19:26:48 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 https://i0.wp.com/prnigeria.com/wp-content/uploads/2021/05/PRNigeria-Icon.jpg?fit=32%2C23&ssl=1 Malabu Oil Archives - PRNigeria News https://prnigeria.com/tag/malabu-oil/ 32 32 42672738 Ojukwu Ronald Loses $2.9mn at Appeal Court for Failure to Declare at Airport https://prnigeria.com/2018/02/15/ojukwu-ronald-loses-2-9mn-appeal/ https://prnigeria.com/2018/02/15/ojukwu-ronald-loses-2-9mn-appeal/#comments Thu, 15 Feb 2018 19:20:50 +0000 https://prnigeria.com/?p=12682 Ojukwu Ronald Loses $2.9mn at Appeal Court for Failure to Declare at Airport A three-man panel of the Court of Appeal, Lagos Division, has upheld the conviction and sentencing of Ojukwu Nnamdi Roland, who was charged with a $2,917,272.000 (Two Million, Nine Hundred and Seventeen Thousand, Two Hundred and Seventy-two Dollars) fraud by the Economic […]

The post Ojukwu Ronald Loses $2.9mn at Appeal Court for Failure to Declare at Airport appeared first on PRNigeria News.

]]> https://prnigeria.com/2018/02/15/ojukwu-ronald-loses-2-9mn-appeal/feed/ 1 12682 Court Orders Forfeiture of Malabu Oil Block https://prnigeria.com/2017/01/27/court-orders-forfeiture-malabu-oil-block/ https://prnigeria.com/2017/01/27/court-orders-forfeiture-malabu-oil-block/#respond Fri, 27 Jan 2017 18:03:56 +0000 https://prnigeria.com/?p=8008 Justice John Tsoho of the Federal High Court sitting in Maitama, Abuja today Thursday January 26, 2017 gave an order ceding control of the lucrative oil block, Oil Prospecting License, OPL 245, to the Federal Government pending investigation and prosecution of suspects in the $1.1billion Malabu Oil scam.

The order followed an ex parte motion by the Economic and Financial Crimes Commission, EFCC, requesting that “ the property known as Oil Prospecting License (OPL 245) be managed by the Department of Petroleum Resources on behalf of the Federal Government of Nigeria pending the conclusion of investigation and prosecution”, of companies and individuals named in connection with acts of conspiracy bribery, official corruption and money laundering in the Malabu oil scam.

The controversial OPL 245, was said to have been acquired from the Federal Government by Malabu Oil and Gas Limited in hazy circumstances in 1998 and afterwards sold to oil giants, Shell and Agip, in opague transactions.

The post Court Orders Forfeiture of Malabu Oil Block appeared first on PRNigeria News.

]]> https://prnigeria.com/2017/01/27/court-orders-forfeiture-malabu-oil-block/feed/ 0 8008