Asserted $876m extortion: EFCC re-summons Malabu Oil, Abubakar, others
The Economic and Financial Crimes Commission (EFCC) on Tuesday re-summoned Malabu Oil and Gas Limited, Aliyu Abubakar and 6 others before Justice I. E. Ekwo of the Federal High Court sitting in Abuja.
Others were: A Group Construction Company Limited, Rocky Top Resources Limited, Megatech Engineering Limited, Novel Properties and Development Company Limited, Imperial Union Limited and Carlin International Nigeria Limited.
They were totally summoned on 67 changed charges, verging on tax evasion as much as $875,740,000.
Bala Sanga, EFCC Counsel, told the court that he was prepared to arraign the changed charges and for the eight respondents to take their requests.
Check one said Malabu Oil, Seidougha Munamuna (everywhere), Amaran Joseph (everywhere) and Douzia Loya Etete (everywhere), approximately the 24th day of August 2011, in Abuja, assumed responsibility for the entirety of $401,540,000 paid from Federal Government of Nigeria’s escrow account no: 0041451493 IBAN 30CHAS609242411492 with JP Morgan Chase Bank in London into account 2018288005 of Malabu Oil and Gas Limited domiciled with First Bank of Nigeria Limited.
EFCC said they should have realized that the assets framed piece of unlawful movement in regard of the Block 245 Resolution Agreement between the FGN with Shell Nigeria Ultra Deep Limited, Nigerian National Petroleum Corporation, Nigeria Agip Exploration Limited, and Shell Nigeria Exploration and Production Company Limited, whereby duties, gatherings and sovereignties because of the Federal Government of Nigeria were unlawfully deferred.
Check two noticed that on same day, they assumed responsibility for the total of $400,000,000 help from FGN escrow account no: 0041451493 IBAN 30CHAS6092424411492 with JP Morgan Chase Bank in London into the record No. 1005552028 of Malabu Oil and Gas Limited domiciled with Bank PHB Plc (presently Keystone Bank Limited, Account No. 3610042472).
Check three said approximately 30th August 2013, in Abuja, they assumed responsibility for the total of $74,200,000 paid from FGN escrow account bo: 0041451493 IBAN 30CHAS609242411492 with JP Morgan Chase Bank in London into the record No. 1005552028 of Malabu Oil and Gas Limited domiciled with Bank PHB Plc (Now Keystone Bank Limited Account No.3610042472).
After the perusing, the respondents argued not liable to all the 67 charges.
Sangan then implored the court to concede preliminary beginning date.
Equity Ekwo dismissed the issue to September 10, 2020.
The adjudicator assumed that the litigants proceed with their bail.