Malabu Oil Deal: Why court discharged ex-AGF Adoke, six others

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He said the EFCC failed to substantiate allegations of bribery and money laundering against the defendants, prompting the striking out of the case. With the recent court’s decision, Nigeria has now lost all the OPL 245 cases it filed or joined in Italy, the UK and Nigeria.that an appeal court in Milan, Italy, rejected Nigeria’s $1.1 billion compensation request against Italian energy group Eni and British oil and gas company Shell in civil proceedings relating to the controversial Malabu oil deal.In January, the EFCC conceded that it lacked evidence of wrongdoing against Mr Adoke and other defendants in the suit.

The defendants, with the no-case submission filing, requested the court to terminate the trial midway due to the insufficient evidence they claimed the prosecution adduced to prove its case. The EFCC had alleged that Nigeria was shortchanged in the agreement, leading to the transfer of the asset to Shell and Eni despite the vast revenue potential of the block.

Among the principal defendants charged in the case was Mr Adoke, who was accused of receiving a dollar equivalent of N300 million as gratification to facilitate and negotiate the resolution leading to the 2011 settlement agreement against Nigeria’s interests.

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