Nigeria Seizes $57m Private Jet Belonging To Dan Etete, Alleged To Have Been Bought With Looted Oil Money

June 7, 2020
24 Views

The investigation into allegations of corruption and money laundering against Nigeria’s former Minister of Petroleum, Dan Etete has taken a new turn with the tracking and grounding of a private jet which was traced to the former minister.

The jet is believed to have been purchased for 57 million dollars in 2011 as part of the alleged proceeds of the $1.3 billion oil deal in which the prospecting rights to the opl 245 block was awarded to a company, Malabu Oil and Gas, which he secretly controlled.

Asset recovery lawyers acting for the Federal Government swooped after the bombardier 6,000 jet touched down at Montréal-Trudeau International airport in Canada.

The seizure was confirmed to a national daily, on Saturday by Babatunde Olabode Johnson, one of the lawyers involved in Nigeria’s asset recovery cases.

The order for the seizure according to Mr. Johnson was served on the jet’s owner, a company called Tibit Limited, which has until June 9, to file court papers opposing the seizure.

You may be interested

Premier League: Son Scores Four Goals As Spurs Beat Southampton
Sports
4 views
Sports
4 views

Premier League: Son Scores Four Goals As Spurs Beat Southampton

Webby - September 20, 2020

Heung-Min Son scored four times as Tottenham Hotspur came from a goal down to beat Southampton 5-2 at St Mary’s…

Nollywood actor Ijebuu ties the knot (Photos)
News
7 views
News
7 views

Nollywood actor Ijebuu ties the knot (Photos)

Webby - September 20, 2020

Ijebu and his beautiful bride Popular Nollywood actor, Olatayo Amokade popularly known as Ijebuu has tied the knot with his…

#EdoDecides2020: Obaseki widens lead after 16 LGA results
News
5 views
News
5 views

#EdoDecides2020: Obaseki widens lead after 16 LGA results

Webby - September 20, 2020

<!-- Obaseki leads Ize-Iyamu --> Obaseki leads Ize-Iyamu Governor Godwin Obaseki of the Peoples Democratic Party is cruising ahead of…

Leave a Comment

Your email address will not be published.