The immediate past Attorney General of the Federation, Mr. Mohammed Adoke (SAN), denied allegations by the EFCC that the Malabu deal was fraudulent, says the $1.1bn deal was sanctioned by former presidents Olusegun Obasanjo, the late Umaru Yar’Adua and Dr. Goodluck Jonathan.


He said this in an open letter written to his successor, Mr. Abubakar Malami (SAN), on Sunday titled, ‘Settlement of dispute over ownership/operation of OPL 245, between the Federal Government of Nigeria, Shell Nigeria Ultra Deep and Malabu Oil and Gas Limited.’


Adoke maintained that the EFCC that recently charged him and other international oil companies for their role in what is described as one of the biggest scam against Nigerian people was being used by powerful elements like the family of the late military dictator, Gen. Sani Abacha, to persecute him.


He said, “Out of the three Presidents that had the opportunity to scrutinise this settlement, Presidents Obasanjo and Jonathan are alive. Have they disowned the settlement? Has our predecessor in office, Chief Bayo Ojo, SAN, distanced himself from the settlement he brokered?


“I believe it is your responsibility to explain to the public who are being sold a fiction that the transaction started from President Olusegun Obasanjo, GCFR under whose administration the Terms of Settlement were brokered with Chief Bayo Ojo, SAN, as the then Attorney General who executed the Terms of Settlement before the tenure of President Goodluck Ebele Jonathan, GCFR who approved the final implementation of the Terms of Settlement and my humble self who executed the resolution agreements.


“Have the honourable ministers of Petroleum Resources and Finance at the time of the implementation of the settlement (Mrs. Diezani Allison-Madueke, and Dr. Olusegun Aganga, respectively), disowned the settlement or their signatures?


“It is my respectful view that Nigerians deserve answers to these questions as it will help them and my humble self to understand the actions and the machinations of the EFCC masquerading to be acting in the national interest while surreptitiously deploying state resources and machinery to promote the personal agenda of their cohorts – Adoke said.”


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