Abacha, Atiku and Adoke in a brawl over Malabu Oil Deal? Ha!
When 3 Greedy Nigerians Brawl, the god of mammon watches over.
Why didn’t they incorporate “Grade A-Greed un-Limited”.
The countless colleagues and their families victims of Adoke’s greed.
I received a letter addressed to the present AGF Malami, I was copied. In it one of our colleagues asked
Malami to help some pensioners from where AGF Adoke poorly stopped. Of all Adoke
had from the tiny clique he formed the inept dept of (in)justice, still didn’t cure
his mental poverty.
On Tue, Feb 23, 2016 at 11:00 PM, Carol Ajie <carolajie@gmail.com> wrote:
In letter to VP Osinbajo, ex-AGF Adoke, lies, muddles up Malabu oil scam matter
Bello Adoke
The Economic and Financial Crimes Commission (EFCC) recently re-opened investigations into the scandal and had invited Mr. Adoke for questioning. Mr. Adoke is however yet to honour the agency’s invitation.
But in a desperate appeal for Mr. Osinbajo’s intervention in the matter, Mr. Adoke recycled the same catalogue of lies he had repeatedly circulated since his role in using the Federal Government as a platform for a secret deal with oil giants, Shell and Eni, to transfer the controversial fund to Malabu, an illegal company with fictitious directors and addresses, floated by a former Petroleum Minister and ex-convict, Dan Etete.
In the letter dated December 31, 2015, Mr. Adoke claimed he acted in the best interest of the country and accused those he described as agents of the Sani Abacha family; Lawal Abba, an associate of former Vice President, Atiku Abubakar, and news website, specifically PREMIUM TIMES and Sahara Reporters, of orchestrating smear campaign against him.
PREMIUM TIMES had in the past published a series of extensive investigations revealing that Mr. Adoke acted unprofessionally and had consistently lied to cover up his involvement in the fraudulent transaction.
Contrary to his claim in the letter to Mr. Osinbajo that “the transaction aforementioned was legitimate, transparent and well documented, and above all, self-explanatory,” PREMIUM TIMES extensive investigations into the deal had revealed that it was fraught with corruption and monumental fraud.
While Mr. Adoke tried to deflect attention from his involvement in the scandal by alleging that the Abacha family was sponsoring a smear campaign against him, he deliberately avoided addressing the core issues of the controversial transaction.
While Mr Adoke continued to insist that the deal was illegal, the Corporate Affairs Commission, an agency on whose board Mr Adoke once sat, had placed a caveat on the company’s file after being briefed by the EFCC that the company was under investigation and that its record had been breached.
Also, before the payment was made, Mr Adoke was informed that he was dealing with fraudsters.
A letter titled “Unauthorised alterations of Malabu Oil and Gas Limited Ownership Structure,” signed by Abdullahi Haruna, a principal solicitor at a law firm, Onekutu, Haruna and Co., was handed over to Mr Adoke in May 2011 when he assumed duties as attorney general, warning him that people he was dealing with had manipulated and falsified company records with the Corporate Affairs Commission.
Mr. Haruna also briefed Mr. Adoke of the history of Malabu and the alleged criminality of Mr. Etete.
“We humbly request that the Honourable Attorney General intervene in these negotiations and prevent the conclusion of the transaction on the basis of fraudulent misrepresentation,” Mr. Adoke was told.
Separate investigations by PREMIUM TIMES and the EFCC revealed that the ownership structure of the company was illegally changed and a fictitious new director, Kweku Amafegha, which was created by Mr. Etete, introduced with six million shares.
By that act, Mr. Etete and other promoters of Malabu violated section 563 of the companies and allied matters act and are liable to at least seven years in prison by virtue of sections 190 and 436 of the criminal code act.
“Section 190 and Section 436 (b) of the Criminal Code Act is applicable to the conduct of the promoter of Malabu, in that a false representation or declaration was made to induce the Corporate Affairs Commission to issue an incorporation certificate,” said Jiti Ogunye, a Lagos based lawyer.
A PREMIUM TIMES investigation also revealed that all the office addresses provided to authorities by Malabu were fake.
But Mr. Adoke, in his letter to the Vice President, did not explain why, as the most senior legal officer of the last government, he approved the payment of such a huge sum of money to a company enmeshed in corruption of which he received advance warnings.
Further, Mr Adoke also need to explain why he negotiated with Mr. Etete when he (Etete) was never listed as a director of the company.
Another important fact of the transaction Mr. Adoke avoided talking about was the haste at which the transaction was concluded with Mr Etete.
PREMIUM TIMES investigation at the time revealed that Mr Adoke, in cohort with a former Minister of State for Finance, Yerima Ngama, on August 16, 2011, hurriedly and secretly authorised the transfer of the money to Malabu from a Nigerian government account with JP Morgan International Bank, a day before the assumption of duties of the immediate past Minister of Finance, Ngozi Okonjo-Iweala.
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