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BudgIT: How Dan Etete & friends got $1.1bn and what you can do… in one Infographic


BudgIT: How Dan Etete & friends got $1.1bn and what you can do… in one Infographic

by BudgIT

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

READ: On Malabu: I’ve Been Cleared: House Of Reps Summon Attorney-General, Adoke, Over A Letter He Allegedly Wrote

READ: A Pinch Of N(U)Ews: Gov. Akpabio Fires Driver For Farting+FG To Compel Patriotism In Clerics

READ: Obasanjo Wanted His Own Share In Malabu $1.1bn Scam – Dan Etete Tells British Court

BudgIT has done a simple Infographic which puts this Malabu incident in perspective.

Budgit Infographic Malabu

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  1. Pingback: Senator Ihenyen: The $9 billion Dangote refinery: Beyond another museum relic - The ScoopNG - The ScoopNG

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