In a desperate attempt to muddle-up facts, convicted
felon, Dan Etete, has told a
British High Court that he is not the owner of Malabu Oil and Gas and thus not
the recipient of the $1.1 billion (N173 billion) fraudulently transferred to
Malabu by the Goodluck Jonathan administration. Oil giants, Shell and Eni,
through the federal government, paid the money to Malabu.
Mr. Etete, a former minister of petroleum, told the
court in a testimony he gave on a breach of contract suit brought against him
over the sale of the controversial oil block OPL 245 that he only made N37.5
billion ($250 million) working as a consultant for Malabu, the Economist is
reporting.
PREMIUM TIMES had reported how Mr. Etete is the sole
signatory into the bank accounts that the federal government paid about $800
million (N126 billion) of the oil bloc sale into.
However, Mr. Etete, who was convicted for money
laundering in France in 2007, immediately contradicted himself in the same
testimony when he admitted to being the sole signatory to Malabu’s account and
couldn’t provide any evidence of other shareholders.
