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Malabu Scandal: Foreign journalist reveals how $466m cash was withdrawn and shared to GEJ

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Malabu Scandal: Foreign journalist reveals how $466m cash was withdrawn and shared to GEJ


Malabu Scandal: Foreign journalist reveals how $466m cash was withdrawn and shared to GEJ

Former President Goodluck Jonathan probably received as much as $200 million to approve the controversial $1.3 billion sale of OPL 245 oil field, Italian prosecutors said in court documents.

The documents, which were extracts of a thorough investigation by Italian authorities into the deal, also confirmed that Shell and ENI knew a good chunk of the $1.3 billion would be disbursed as kickbacks to Nigerian politicians, yet went ahead with the deal.

The findings were obtained by BuzzFeed and Italian business newspaper, Il Sole 24 Ore. BuzzFeed released its own version earlier today.

The prosecutors quoted Ednan Agaev, a Russian middleman who helped negotiate the transfer of the oil block ( with an original value of $500bn but sold for $1.3bn) to Shell and Eni, as saying that Dan Etete, the former Petroleum Minister at the heart of the oil scandal, said he intended to dole out as much as $400 million in bribes if the deal went through.

If Mr. Etete actually paid out such an amount in bribes to Nigerian officials, “Agaev stated that he would think President Goodluck Jonathan got at least $200 million of this money,” BuzzFeed quoted an excerpt of FBI submissions to Italian authorities as saying.

The revelations were made when the FBI interviewed Mr. Agaev, whom prosecutors also said met with Mr. Jonathan on more than one occasion in Nigeria during the OPL 245 negotiations.

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