A lot of Nigerians have heard about the injustice that was the Malabu oil deal, in which Dan Etete, a former oil minister under the late dictator Sani Abacha, awarded an oil block OPL 245 to Malabu, a company he hastily set up.
From 1998 to 2013, the deal has had various twists and turns, which this Infographic will highlight.
In 2012, this current administation struck a new scandalous deal with Dan Etete, Shell and ENI; a deal which a UK court in a ruling on the matter described as follows: That the FG acted as a “condom” between the parties involved.
If you haven’t, you should read The Economist piece on the incident: Safe sex in Nigeria – The Economist
BudgIT has done a simple Infographic which puts this Malabu incident in perspective.