The Senate, on Thursday, mandated its committees on Finance and
Petroleum (Upstream) to wade into the contentious $1.092 billion Malabu
oil deal.
Senate President David Mark, who brought up the issue before his
colleagues during the plenary, said there was need for the upper
legislative chamber to carry out a thorough investigation with a view to
unravel the circumstances surrounding the controversies in the issue.
The House of Representatives had, last week, summoned the
Attorney-General of the Federation and Minister of Justice, Mohammed
Adoke, over a letter purportedly written to a foreign organisation,
Global Witness, saying that the House had cleared him of any wrong doing
in the deal.
Royal Dutch oil giant, Shell and Italy’s oil major, ENI, are under
investigation by the British Government for alleged money laundering
over the Malabu oil deal.
The two oil firms with huge investments in Nigeria were suspected to
be connected to a money-laundering allegation relating to the OPL 245
they bought from Nigeria for $1.3 billion.
Source: tribune
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