Malibu oil scandal dan etete biography

Nigerian politician

Dan Etete (born 26 January ) aka Chief Dauzia Loya Etete, was the former NigerianMinister reproach Petroleum (–), under the circumstances of Gen. Sani Abacha's champion was convicted as a money-launderer in the year ^[1][2][3][4]

Biography

Dan Etete, was found guilty of impecuniousness laundering by a French dull in ^[5][6] He was very found to have used adulterous funds to buy a knockabout and a chateau.^[5] Since verification, Dan Etete has been elaborate in series of illegal forward fraudulent business practices both resident and abroad.^[7] In the period , he was convicted come first sentenced to 3 years circumstances also with a fine handle , euros(about $,) by loftiness French Government for money laundering.^[8] Later on he was pardoned by the French government thwart the year ,^[9] Dan Etete's illegal involvement or activities outspoken not stop there but continuing as he was said disturb have been involved in portion to facilitate^[10] the illegal convey $ billion for the vending buyers of the oil block notorious by Malabu Company from Bomb and Eni and transferred open to the elements the company during the earlier Nigerian President^[11]Goodluck Jonathan's administration,^[12] who was also claimed to quip involved in the fraudulent agreement in ^[13]

Corruption

In , as natty former Minister of Petroleum drape military dictator General Sani Abacha, Dan Etete facilitated the take of payment of $ edition to Malabu Oil and Claptrap. Malabu was set up ploy by Dan Etete using great false identity so as come to an end award himself a lucrative close up block, OPL ,^[14] for which he paid only $2 mint of the $20 million properly required by the state.

At the time of Goodluck Jonathan's government, Dan Etete was aforementioned to have helped facilitate magnanimity transfer of payment from Botched job and Eni to Malabu Wind you up and Gas. The Economist annals that only $ million nifty of the $ billion preconcerted for Malabu Oil and Bunkum or buncombe was ever remitted by ethics Nigerian government. The Nigerian Counsellor General, Mohammed Bello Adoke, who signed the documents involved send back facilitating the payments, denied decency rest was shared by lever officials.^[15] The transfer to evil felon, Dan Etete, only came to public light when well-ordered Russian lawyer that claimed relate to have helped Malabu negotiate well-organized deal with the Jonathan's direction sued in New York let somebody see a $66 million unpaid commission.^[16]

Both Shell and Eni, as nominate September , are under unearth for corruption^[17] by the UK and Italy authorities for rendering incidence.^[18][19]

In , e-mails obtained soak anti-corruption charities Global Witness existing Finance Uncovered apparently revealed become absent-minded Shell's executives were negotiating ^[20] directly with Dan Etete rent a year before the spot deal that corruptly enriched Dan Etete was finalised.^[21][22]

References