The Metropolitan Polices Proceeds of Corruption Unit (POCU) in London has confirmed to Africa Confidential that it is investigating allegations of money laundering through Britain linked to Nigerias Oil Prospecting Licence 245 (AC Vol 55 No 7, There will be blood... and oil). Subsidiaries of Royal Dutch Shell and Italys ENI (Ente Nazionale Idrocarburi) bought OPL 245 from the Nigerian government for US$1.09 billion, which passed most of it to Malabu Oil and Gas. This is a shell company controlled by Chief Dan Etete, aka Dauzia Loya Etete, the Oil Minister under General Sani Abacha, who ruled in 1993-98. The funds paid to Malabu were quickly transferred to other shadowy companies whose beneficial owners are unknown. africa-confidential/article/id/5625/The_ripples_of_OPL_245
Posted on: Fri, 16 May 2014 12:48:47 +0000
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