$1.3bn Malabu scam: EFCC raids Adoke’s home Published April 13, 2017 Mohammed Adoke Eniola Akinkuotu and Ted Odogwu The Economic and Financial Crimes Commission on Wednesday raided the Kano home of the immediate past Attorney General of the Federation, Mr. Mohammed Adoke (SAN), as part of the investigations into the $1.3bn Malabu scam. According to a statement by Adoke, EFCC officials stormed his residence, breaking down the doors without a search warrant. Adoke said the officials, however, found nothing implicating after the search. The statement read in part, “Some EFCC operatives today raided the house of former AGF and Minister of Justice, Mr. Mohammed Adoke (SAN). They found nothing after breaking down the doors of his residence in Kano. “There was no evidence of a search warrant but they broke down some doors, searched everywhere and the roof. No information on the actual mission of the operatives. This invasion is without deference to the ongoing cases in court against the ex-AGF.” EFCC spokesman, Mr. Wilson Uwujaren, confirmed that the agency’s officials went to Adoke’s residence to conduct a search. He, however, maintained that no property was damaged during the raid. He also stated that the commission obtained a search warrant from a court before visiting the ex-AGF’s house. “I can confirm that the EFCC conducted a search on Adoke’s home but no property was damaged. Also, we went with a search warrant,” Uwujaren told our correspondent on the telephone on Wednesday. The commission had recently charged the ex-AGF and eight others for their alleged role in the $1.3bn Malabu scam. The Malabu Oil scandal involves the $1.3bn paid by oil giants, Shell and Eni, to the Federal Government accounts in 2011 for OPL 245, which is said to hold reserves of about 9.23 billion barrels of oil. The OPL 245 was said to have been bought by the then Minister of Petroleum Resources, Mr. Dan Etete, under questionable circumstances in 1998. Etete was said to have bought it for a fraction of its actual value. However, it was revoked by the Olusegun Obasanjo administration. During the Goodluck Jonathan administration in 2011, the then AGF, Adoke, brokered a deal for the sale of the OPL 245, acting as a middleman between Shell and Eni on the one hand, and Etete’s company, Malabu, on the other hand. Shell and Eni were said to have paid about $1.3bn for the OPL 245, which was paid into two escrow accounts owned by the Federal Government. However, Adoke was said to have transferred over $800m to Etete, who in turn transferred over $500m to former President Goodluck Jonathan’s alleged front Abubakar Aliyu. All the accused persons have, however, denied the allegations levelled against them. The EFCC has also begun fresh moves to repatriate Adoke and Etete to answer to the charges preferred against them. Copyright PUNCH. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. Contact: editor@punchng.com Share Tweet MALABU SCAM MALABU SCANDAL Malabu: Court lifts forfeiture order on OPL 245 Malabu scandal: Jonathan, Diezani named in Italian probe $1.1bn Malabu scam: Court fixes Adoke, Etete’s arraignment for April 3 Malabu scam: EFCC charges Shell, Agip, Adoke with fraud Shell admits knowing about payments to Malabu $1.1bn Malabu scam: EFCC yet to begin Adoke’s extradition Malabu scam suspect shuns trial for trespass $1.1bn Malabu scam: Malami requests case file, delays trial TRENDING Buhari absent at FEC meeting, remains indoors Man captures 60-year-old lover’s nudity, demands N1m Senate panel alleges N30tn forex scam in banks, begins probe Rohr salary crisis deepens as ministry abandons NFF Can the EFCC do with less noise? punchng.com © 1971-2017 The Punch newspaper