The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Nigeria arrests ex-attorney general in Dubai over $1.3 bln oil deal

Wed, 20th Nov 2019 14:23

ABUJA, Nov 20 (Reuters) - Nigerian ex-attorney general
Mohammed Adoke has been arrested in Dubai, his lawyer told
Reuters on Wednesday, after a warrant was issued earlier this
year as part of one of the oil industry's biggest corruption
scandals.

However the lawyer, Mike Ozekhome, said the arrest had been
based on an expired warrant.

Nigeria's anti-graft agency secured warrants in April for
two former ministers including Adoke and an Eni manager over the
$1.3 billion sale of a Nigerian offshore oilfield by Malabu Oil
and Gas in 2011.

The deal has spawned legal cases spanning several countries,
involving Nigerian government officials and senior executives
from ENI and Royal Dutch Shell. Shell and Eni,
and their executives, have denied any wrongdoing.

Adoke was arrested on Monday, Ozekhome told Reuters, as his
client went to Dubai for medical appointment.

He added however that a Nigerian court had nullified the
warrant in October because his client was not served with the
charges before the warrant was issued.
(Reporting by Chijioke Ohuocha
Editing by Alexis Akwagyiram and Jan Harvey)

Related Shares

More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, par...

7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating th...

31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.