In News by Oluwaseun Samuel on the 06th, June, 2020

Drama As FG Seizes Former Minister Of Petroleum, Dan Etete’s Personal Jet In Canada

Drama As FG Seizes Former Minister Of Petroleum, Dan Etete's Private Jet In Canada

Dan Etete

Dan Etete

The federal authorities has seized a personal jet purchased by Dan Etete, a former minister of petroleum, who was allegedly concerned within the $1.1 billion Malabu oil deal.

Babatunde Johnson, whose agency, Johnson & Johnson Solicitors, was appointed by the Nigerian authorities in 2016 to recuperate belongings from the OPL 245 deal, instructed Monetary Uncovered that the the federal government had been on the path of the Bombardier 6000 jet, with tail quantity M-MYNA, because it landed in Montréal-Trudeau Worldwide Airport in Canada on Might 29.

In line with the web site, the jet had simply flown from Dubai through Shannon Airport within the west of Eire, and it isn’t recognized whether or not any passengers had been on board.

On Saturday, a court docket within the province of Quebec reportedly granted a seizure order for the plane, and was served on Tibit Ltd, the corporate which owns it.

Tibit Ltd, an anonymously owned firm integrated within the British Virgin Islands, is claimed to have been given June 9 to oppose the court docket order.

The jet, Johnson stated, had been grounded in Dubai for the previous 4 years, the place it had been intently monitored.


“Our investigators in Dubai then observed that the jet, having been grounded in Dubai for thus lengthy, all of the sudden did some check flights and even went as much as a cruising altitude for a short time. It appeared like they had been testing whether or not they may fly someplace,” he was quoted to have stated.

“The jet then took off from Al Maktoum Worldwide Airport, Dubai, mid-morning on Friday. We didn’t know the vacation spot at that time.

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“We now suspected that it was being flown to Canada for a serious service, pending a attainable sale.

“We had just some hours to get a authorized crew in place on the bottom there in Canada to file the injunction. It was 3am in Nigeria after I made a press release to the decide through video hyperlink.”

In January, a federal capital territory (FCT) excessive court docket in Gwagwalada issued a warrant of arrest in opposition to Etete following an ex-parte utility filed by the Financial and Monetary Crimes Fee (EFCC) over the deal.

In 2011, the federal authorities brokered a deal between Malabu Oil and Fuel Ltd, the unique allotees of the enormously endowed however controversial OPL 245, and Shell/ENI who needed to purchase the oil block from the Nigerian firm.

Whereas Shell and ENI paid a signature bonus of $210 million to the federal authorities, they paid $1.1 billion to purchase 100 % curiosity within the oil block from Malabu.

Your complete $1.three billion was transferred to the account of the federal authorities in London, UK, from the place Malabu was paid its $1.1 billion.

Subsequently, it was alleged that bribes had been paid to officers of the federal government to facilitate the deal, which is taken into account unfavourable to Nigeria as the worth of the oil block is estimated to be price rather more than what was paid for it.

Eni and Shell denied the bribery allegations.

Eni additionally stated it has not made any revenue from the deal as a result of “Nigeria has declined to grant a mining licence’.

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Etebe was minister of petroleum from 1995 to 1998.

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Supply: TheCable

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