Malabu Scam: Nigeria's former Minster of Petroleum Resources, Dan Etete, allegedly involved in the Malabu Scandal.The chief prosecutor at the ongoing trial of criminal suspects associated with the controversial Malabu oil deal, Francesco Greco, opened up a can of warms this week when he blasted corporate organisations including those in Nigeria of investing in corruption to cripple local economy fueling poverty and chaos.
Mr Greco who spoke in Milan at the presentation of the 2018 social responsibility balance sheet of the judicial offices of the Lombard capital saidnow invest heavily in corruption in order to cover up their ugly tracks. Mr Greco said further that “at an international level, colonialism has been gradually replaced by the corruption that has supported corrupt and dictatorial regimes, plundering the resources of countries for a few pennies at the expense of the democratic, economic and social development of entire populations maintained at the level of poverty and forced to emigrate by hunger”.
Foreign anti-corruption experts currently in Nigeria, Antonio Tricarico and Nick Hildyard, also praised the prosecutor for saying it as it is. The two are currently in Nigeria training selected Community Based Organisations , journalists and representatives of anti-corruption agencies on strategies for tracing illicit funds and assets.
Shell rejected the decision, but the government of former President Goodluck Jonathan ensured Shell and Eni bought the OPL 245 in the paltry sum of $1.1billion, ultimately diverted into private pockets.