BEVERLY HILLS, December 20, (THEWILL) – The Economic and Financial Crimes Commission (EFCC) has filed a nine-count charge against Mohammed Adoke, a former Attorney-General of the Federation, and Dan Etete, a businessman, and seven others, for their alleged roles in the controversial Malabu $1.1 billion deal.
The charges, filed at the federal high court Abuja, borders on money laundering and diversion of state funds.
Charged with Adoke and Etete are; Aliyu Abubakar; Malabu Oil and Gas LTD; Rocky Top Resource LTD; Imperial Union LTD; Novel Properties & Dev. Co. LTD; Group Construction LTD; and, Megatech Engineering LTD.
The anti-graft body accused Adoke of receiving an aggregate sum of $801 million in August 2011 from the federal government’s escrow account while Etete received over $800 million in August 2011 from the account.
EFCC also said that Abubakar, Rocky Top resources LTD, Novel Properties & Dev. Co. LTD, Group Construction LTD and Megatech Engineering LTD received an aggregate sum of $478 million from the account.
Story by Oputah David