The Malabu scandal involved the 2011 payment of $1.1billion by Shell and ENI through the Nigerian government to Malabu for the takeover of a lucrative
From accounts controlled by Mr Etete, about half of the $801million initially transferred to Malabu was moved into accounts of companies controlled by Mr Aliyu, popularly known in Nigeria as the owner of AA Oil.
Although Shell and ENI initially claimed they did not know the money would end up with Mr Etete and his cronies, evidence has shown that claim to be false. Shell, Eni, Mr Etete, Mr Aliyu and several officials of the oil firms are being prosecuted in Italy for their roles in the scandal. They are being prosecuted alongside two international oil giants – Shell Nigeria Exploration Production Company, and ENI, as well as Malabu Oil & Gas Ltd, Rocky Top Resources Ltd, Imperial Union Ltd, Novel Properties & Dev. Co. Ltd, A Group Construction Ltd, and Megatech Engineering Ltd.
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