Cover-up: Cac Official ‘murdered Over $1.092b’ Malabu Oil Deal


SAN FRANCISCO, December 16, (THEWILL) – The probe into the controversial $1.092 billion Malabu oil deal has led to the murder of Abubakar Umar, an official of the Corporate Affairs Commission (CAC) who was in charge of the Malabu brief.

The agency's head of Compliance, Justin Ndia, made this known when he appeared before the Hon. Rasak Atunwa-headed House of Representatives ad hoc committee on the alleged corruption, malpractices and breach of due process in the award of Oil Prospecting Licence OPL 245.

Ndia stated that Umar's murder led to the disappearance of the file in which the structure of the ownership of Malabu was “illegally” changed.

The Nation reports that the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, who was represented by the agency's Senior Prosecutor, Ojogbane Johnson, disclosed that the commission was planning to prosecute two former Ministers of Justice, Mohammed Adoke and Bayo Ojo with a former Minister of Petroleum Dan Etete.

The EFCC, described the Malabu transaction as a “fraud”, adding that “the international embarrassment in the manner the FGN handled the matter vis- a -vis the involvement of the former AGF and the seeming distasteful and disgraceful way the proceeds was distributed through suspicious circumstances leave much to be desired.”

According to the commission, others to be charged include Alhaji Aliyu Abubakar, Malabu Oil & Gas Limited, Rocky Top Resources Limited, A Group Construction Co. Ltd, Megatech Engineering Co. Ltd, Imperial Union Ltd and Novel,Properties & Dev. Co. Ltd.

Curiously, the position of the anti- graft agency is sharply different from that of the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, who while appearing before the committee on Tuesday , said the evidence against Adoke and others were inconclusive.

“One thing I have to bring to your notice is that investigation is ongoing.  I cannot with certainty jump to the conclusion of indictment,” Malami had said.

However, the EFCC position was corroborated by a document obtained by The Nation from the anti-graft agency, which states: “Up till now, Mohammed Adoke, who is confirmed to be outside the country, has failed to honour all invitations extended to him. He will be declared wanted in due course through INTERPOL request to help apprehend him.”

“Directors of Malabu Oil & Gas Limited, such as Amaran Joseph and Seidougja Munamuna are still at large and would be declared wanted in due course as they are still outside the country.”

Story by Oputah David