Son of former Military Head of State, Sanni Abacha’s, son Muhammed has started a court battle to reclaim $1.3bn oil bloc which was allocated to the Malabu Oil Gas Limited.
The two other major shareholders are Amafagha Kweku and Hindu Hassan.
There have been a couple of suits before different courts in recent time over the oil bloc. While the Economic and Financial Crimes Commission (EFCC) had approached the court seeking a forfeiture order of the said licence from Shell Nigeria Exploration and Production Company Limited, and Nigerian Agip Exploration Company Limited, the Federal Government had, in another suit, slammed a six-count corruption charge on a former Attorney General of the Federation and Minister of Justice, Mohammed Adoke (SAN); former Minister of Petroleum, Chief Dan Etete and nine others for their involvement in the sales of the oil bloc to Shell and Agip.
Recently another law suit was filed by Malabu Oli Limited wherein Abacha joined the Federal Government and eight others over alleged illegal re-allocation of the oil bloc to Shell and Agip. Justice John Tsoho of the Federal High Court, Abuja had, on Friday, in the suit filed by the EFCC, reversed a forfeiture order it earlier granted against Shell and Agip as regards the oil bloc.
Credit: National Accord