$1.1billion Fraud: British Judge questions Jonathan's integrity, stops Etete from getting N17 billion

A British Judge on Tuesday refused to release $85 million (N17 billion) to Malabu, a fraudulent company controlled by Nigeria’s former petroleum minister, Dan Etete.

In refusing to release the money to Malabu, Justice Edis of the Southwark Crown Court declared that he was not sure the administration of President Goodluck Jonathan acted in Nigeria’s interest when it approved the transfer of the money to Malabu.

“I cannot simply assume that the FGN which was in power in 2011 and subsequently until 2015 rigorously defended the public interest of the people of Nigeria in all respects,” the judge ruled.

PREMIUM TIMES had reported how the Jonathan administration controversially approved the transfer of $1.092 billion from Nigeria’s JP Morgan account in London to Nigerian accounts controlled by Malabu.

The money was paid by global oil giants, Shell and ENi, for Africa’s richest oil bloc, OPL 245.

The former Attorney General of the Federation, Mohammed Adoke, and the former Minister of State for Finance, Yerima Ngama, signed the documents approving the transfer to Malabu.

The fraudulent deal, shaded in various layers of corruption, has been condemned by Nigerians and international transparency advocates and is being investigated by authorities in four different countries.

The seized $85 million

The $85 million was seized at the request of Italian prosecutors who are also investigating the deal. The money was the last part of the OPL 245 largesse not yet distributed.

Sensing that the Muhammadu Buhari administration was yet to find its feet on international legal matters, Mr. Etete approached the British court and asked that the money be returned to him.

At a two-day hearing that started on November 23, Mr. Etete’s lawyers argued that there was no fraud in the deal and asked that the money be released to him.

While Mr. Etete argued that the money be released to him, the Italian prosecutor argued that “their investigation could lead to a potential forfeiture of the money down the road.” a source who has followed the case and was present at the proceedings told PREMIUM TIMES.

Malabu’s lawyers told the court that freezing the money was an assault on Nigeria and questioned how the court could imagine that Messrs. Adoke and Ngama would be a party to a corrupt deal.

The ruling

While giving his ruling on Tuesday, Justice Edis said while he could not say for certain if the deal was fraudulent pending conclusions of investigations, it would be inappropriate to release the money to Malabu.

“I am not making any findings of fact about misconduct by anyone. I am simply assessing the evidence before me to determine whether a restraint order should be discharged which was granted by way of MLA (Mutual Legal Assistance between the UK and Italy) to support an investigation by the Italian authorities,” the judge said.

The judge also made reference to evidence provided by the Italian authorities that ex-President Jonathan was directly involved in the fraudulent deal.

“The suggestion from the wiretaps is that “Fortunato” was implicated and I am told that this was a reference in code (not subtle) to the former President of Nigeria, President Goodluck Jonathan,” the judge said.

“Aliyu (Abubakar) is said to be associated with him and Aliyu received, in a way which was not transparent, $523m of the money paid for the OPL 245 licence in August 2011.”

PREMIUM TIMES had reported how fictitious companies owned by Abubakar Aliyu, a man referred to as ‘Mr. Corruption’ by anti-graft officials, received over half ($532 million) of the total $1.092 billion.

Mr. Aliyu, a close ally of Mr. Jonathan was recently quizzed by EFCC operatives for the first time despite being a central character in the deal whose investigation was virtually stalled during the Jonathan presidency.

Activists react

Reacting to the ruling, Simon Taylor of Global Witness stated that “Given the gathering pace of the EFCC investigation in Nigeria under new leadership and a call by the Nigerian House of Representatives to cancel the deal in 2014, investors in Shell and Eni should demand to know why they were exposed to such risk.”

The UK based Global Witness has been at the forefront of the demand for transparency in the deal and other similar deals across the world.

Also reacting to the judgement, Dotun Oloko, an anti-corruption campaigner in Nigeria said, “In light of these allegations in a UK court, the role of the senior Nigerian officials involved in this deal, including Goodluck Jonathan, must now be fully investigated.”

With the ruling, Nigerian now has the opportunity to not only claim the money but also another $110.5 million of the funds held in a Swiss bank while investigations continue.

Below is a statement by Global Witness after the court ruling

Court refuses to unfreeze funds from “smash and grab” raid on Nigerian oil block
Prosecutors allege that “fronts for President Goodluck Jonathan of Nigeria” received US$523m in proceeds of “smash and grab” OPL 245 deal

Southwark Crown Court today rejected an attempt by a company owned by the former Nigerian oil minister Dan Etete to unfreeze US$85m in proceeds of the corrupt deal for the Nigerian offshore oil block, Oil Prospecting Licence 245 (OPL 245), which was sold to Shell and Eni for $1.1bn in 2011.

The funds were restrained at the request of Italian authorities, who are investigating the sale of the block by Malabu Oil & Gas, a company secretly owned by Mr Etete, to the international oil companies.

The Federal Government of Nigeria (FGN) under Goodluck Jonthan acted as a middleman in the deal, and the court received evidence based on wiretaps that prosecutors allege show that the then President, Goodluck Jonathan, was directly involved. The deal deprived the Nigerian people of a sum equivalent to 80% of the country’s 2015 health budget.

“In light of these allegations in a UK court the role of the senior Nigerian officials involved in this deal including Goodluck Jonathan must now be fully investigated,” said Dotun Oloko, a Nigerian anti-corruption campaigner.

Evidence from US authorities presented to the court and included in the judgement “shows payments following circuitous routes which total $523m and which arrived at Abubakar Aliyu, aka ‘Mr Corruption’” […] “Aliyu’s companies are allegedly fronts for President Goodluck Jonathan of Nigeria”. The Crown Prosecution Service, acting at the behest of the Public Prosecutor for Milan (PPM), described OPL 245 as a case of “grand corruption”.

The OPL 245 deal is currently under investigation by the Public Prosecutor of Milan, the UK’s National Crime Agency (NCA), and the Nigerian Economic and Financial Crimes Commission (EFCC). The EFCC have reportedly recently interviewed Abubakar Aliyu in connection with the case, and earlier this year interviewed Dan Etete.

Justice Edis of Southwark Crown Court turned down Malabu’s application to discharge the freezing order rejecting Malabu’s arguments that the Crown had failed to follow proper procedures in securing the freezing. Justice Edis concluded in his judgement:

It is extremely important that what I am about to say is not misunderstood. I am not making any findings of fact about misconduct by anyone. I am simply assessing the evidence before me to determine whether a restraint order should be discharged which was granted by way of MLA to support an investigation by the Italian authorities. That investigation is not complete (and appears to be still at quite an early stage). What misconduct it may ultimately prove, if any, will be a matter for the PPM and the Italian court if proceedings are brought. However, precisely because I cannot reach firm factual conclusions, I cannot simply assume that the FGN which was in power in 2011 and subsequently until 2015 rigorously defended the public interest of the people of Nigeria in all respects. Mr. Fisher QC who appeared for the CPS used the phrase “grand corruption” to describe the form of corruption in which the state itself is culpable. The suggestion from the wiretaps is that “Fortunato” was implicated and I am told that this was a reference in code (not subtle) to the former President of Nigeria, President Goodluck Jonathan. Aliyu is said to be associated with him and Aliyu received, in a way which was not transparent, $523m of the money paid for the OPL 245 licence in August 2011.

“Given the gathering pace of the EFCC investigation in Nigeria under new leadership and a call by the Nigerian House of Representatives to cancel the deal in 2014, investors in Shell and Eni should demand to know why they were exposed to such risk,“ said Simon Taylor, a Director of Global Witness.

Suspects named in the Italian case include Eni and its current and former CEOs Claudio Descalzi and Paolo Scaroni, as well the company’s Chief Development, Operations & Technology Officer Roberto Casula and former executive Vicenzo Armanna. Other suspects in the Italian case include Dan Etete and middlemen Emeka Obi, Gianluca Di Nardo and Luigi Bisignani. Shell and Eni have denied any wrongdoing.

“It is clear from evidence in the public domain that high level executives in Shell personally took part in negotiating this deal. Citizens in the UK, US, Netherlands and Nigeria should demand that Shell and its executives are investigated in their respective countries,” said Nicholas Hildyard of The Corner House.

Shell and Eni have invested at least $1.8bn in purchasing and developing the block, which they own 50-50. It reportedly holds probable reserves of 9.23 billion barrels of oil, which if proven, would represent the equivalent of a third of Shell’s proven reserves, and two thirds of Eni’s.

Antonio Tricarico of Re:Common said: “$85 million paid by Eni and Shell for the benefit of Dan Etete’s company Malabu remains frozen in London. The time has come that Eni and Shell come clean about what they knew about this deal and who else this money was intended for.”

For more information about the case read the briefing by Global Witness on OPL245, Shell and Eni’s Misadventures in Nigeria.

$1.1billion Fraud: British Judge questions Jonathan's integrity, stops Etete from getting N17 billion - Premium Times Nigeria
http://www.premiumtimesng.com/news/headlines/195233-1-1billion-fraud-british-judge-questions-jonathans-integrity-stops-etete-from-getting-n17-billion.html

" In refusing to release the money to Malabu, Justice Edis of the Southwark Crown Court declared that he was not sure the administration of President Goodluck Jonathan acted in Nigeria’s interest when it approved the transfer of the money to Malabu. "

I hereby call on every EKPA's to come and defend their Hero.

GEJ, Hero in corruption.

Great decision by the Judge

Dr. Fortunato sef

J o n a t h a n i i. Oooooo

I always shake my head when some clowns call the corrupt Clueless Mandela of Otuoke their hero.

Somebody should pls jail the shoeless mannnnnn!Am going nutzzzzzzzz

"Questions Jonathan's Integrity"


Does Their Hero Of Corruption Have any Integrity at all?

Malabu, it sounds abundant.

So ?

EFCC should get their house in serious order and find a way to claim back that money.

Though the EFCC has been investigating Mr. Etete for several years in relation to the Malabu deal, the investigation was in limbo during the Goodluck Jonathan administration, which in the first place offered a federal government account as conduit for the illicit transfer from oil giants Eni and Royal Dutch Shell for the sale of OPL 245.
The Jonathan administration failed to approve or support an investigation even when the scandal triggered by the payment sparked a probe by the House of Representatives, and led to criminal cases in Italian and British courts.
That administration, in fact, actively participated in the dubious transfer of the $1.1 billion when former Attorney General, Mohammed Adoke and former Minister of State for Finance, Yerima Ngama, offered the government’s platform to Malabu as a conduit for the round-tripping.

No money is missing, if any money is missing, America will know about it cos it is their money- GEJ


Thank God Britain is knowing about it naw, it is a matter of time, when America will talk about their missing money in Nigeria's possession.

But some people still tell us GEJ is the best thing to have happened to Nigeria!
Shame on them!

Clerverly:
"Questions Jonathan's Integrity"
Does Their Hero Of Corruption Have any Integrity at all?

Jonathan was a huge disappointment to Nigeria. He is a villian.

Dotun Oloko singlehandedly doing what the so called activists put together, cannot do.

D

papparatzzi2013:
I always shake my head when some clowns call the corrupt Clueless Mandela of Otuoke their hero.

Corrupt, clueless, Mandela of Otouke? Yeesh! Men dude this is mean. LMAO.

I believe those who call our former president their hero are all brain dead. Imagine you calling someone who made your life a misery your hero, now isn't that someone who clearly needs psychiatric evaluation.

EdCure:

Jonathan was a huge disappointment to Nigeria.

Don't tell mi that you just knew.Cos we knew since 2011.Our hero of lootocracy.

Jona pa wa tan.

disloman:
Don't tell mi that you just knew.Cos we knew since 2011.

I have known this fact far longer than that.

Hmmm

Tolexander:
No money is missing, if any money is missing, America will know about it cos it is there money- GEJ


Thank God Britain is knowing about it naw, it is a matter of time, when America will talk about their missing money in Nigeria's possession.

But some people still tell us GEJ is the best thing to have happened to Nigeria!
Shame on them!

I couldn't agree more. They even say he's democratic. I wonder when being clueless translates into being democratic.

The bitterness many of these people show is really shocking. One might even think the might go into spontaneous combustion any time soon.

And some fools will come here and rant about how the economy is on stand still and bla bla bla yet refused to admit their god forsaken hero bankrupted Nigeria to point of recession,all in the name playing parisan and ethnicity politics...........cursed and brain washed mofos.

Every day we wake up to read about one fraud or another tied to the apron of shoeless,clueless and drunkard Otuoke accidental president.

Add [2.1billion to [1.1billion dollars,then subtract that from the already mortaged economy and tell me how it will look like.

Cursed human beings.

joseph1832:
I couldn't agree more. They even say he's democratic. I wonder when being cluelessness translates into being democratic.

The bitterness many of these people show is really shocking. One might even think the might go into spontaneous combustion any time soon.

one of the reasons I was telling youyou that his radical supporter on Nairaland is a fool in that Biafra thread he opened this morning.

Tolexander:
one of the reasons I was telling you his radical supporter on Nairaland is a fool in that Biafra thread he opened this morning.

Well I never doubted his foolery. They way they all seem to celebrate the guy even makes me wonder if they even collected part of the #Dasukigate shared funds.

GEJ patron saint for corruption.

Chie gej you have disgraced us.

haaaaa

Nawa oo

Seriously?

OBJ said it
Oshi baba said it

Now the truth is coming out
Nigerians should be prepared cos there will be more revelation

And u wonder why the naira is dead to dollar, the way ths guys stalk exchanged dollars in billions and passed it in suitcases,planes,pockets, ghana must go makes u imagine what the naira pleading in multi trillions was pleading on their various xchange rate.
What did we actually do to deserve ths frm jonathan.
Just signing and approving every obvious scam even at the verge of exit we got stove,spoon scam.

wailers come and defend G(oat). E. J oooo o, as usual.

Jonathan is a known thief and a corrupt leader! This is not to spoil his name, it is a known and proven fact.

some people's hero

someone should put this on front page

Jonathan is a monumental thief, I only pity those certified nitwits that still calls him their hero, Jonathan deserves to be stoned to death