Acquisition Disputes: N1.3bn Exxon Mobil/Seplat Energy deal: “I wasnt consulted” Justice Minister, Malami

As the disputes over the acquisition of the Exxon Mobil shares by Seplat Energy limited continues, Minister of Justice, Abubakar Malami on Thursday, said he is yet to be consulted over the stalled deal. Recall that President Muhammadu Buhari had on Monday approved the deal that allowed Seplat Energy to acquire the shares. The President, while consenting to the acquisition of Exxon Mobil shares in the United States of America by Seplat Energy Offshore Ltd, said he acted in his approval in his capacity as Minister of Petroleum Resources, and…

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How President Buhari rescued Nigeria from collapse – AGF, Malami

Reveals why president cant sign proposed Electoral Bill The Attorney-General of the Federation, (AGF) and Minister of Justice, Abubakar Malami (SAN), has said President Muhammadu Buhari rescued Nigeria from collapse within the first year of his administration. The Minister, who stated this in a radio programme in Kano, said all sectors of the economy suffered a serious setback before the coming of the president, adding that State governments were also rescued through various disbursement of bailouts. According to the AGF, President Buhari came at a time when the economy was…

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Justice Minister, Malami, sued by State Attorneys over failure to remit N1.8tr recovered loot

The Attorneys-General of Nigerias 36 States have sued the Attorney-General of the Federation, (AGF) and Minister of Justice, Abubakar Malami, over the alleged failure to remit recovered funds into the Federation Account. The Attorneys-General, in the suit marked SC/cv/395/2021 and filed before the supreme court, are seeking, among other things, a declaration that by the provisions of Section 162(1) and Section 162(10) of the Constitution of the federal republic of Nigeria 1999 (as amended), all income, returns, proceeds or receipts howsoever described derived from confiscated, forfeited and/or recovered assets constitute…

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Illegal oil deals: FG To expose officials behind $69bn loot in US banks

The Federal Government says it has begun gathering evidence on government officials linked to the alleged looting of $69bn (N28.3tn) stashed in various bank accounts in Texas, the United States. The loot, reportedly accrued from illegal oil deals involving some officials of the government-owned Nigerian National Petroleum Corporation, (NNPC) and the Central Bank of Nigeria, (CBN), during the Goodluck Jonathan administration. According to earlier reports, an American assets recovery firm, Forensic Assets Investigation and Recovery Services LLC, (FAIR) discovered the $69bn loot. Findings showed that the American company, FAIR, is…

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FG begins profiling of Nigerians linked to terrorism financing AGF, Malami

The Federal Government has begun profiling towards prosecution, well-placed Nigerians suspected of being financiers of terrorism in the country. Briefing journalists yesterday in Abuja, Minister of Justice and Attorney General of the Federation,  (AGF), Abubakar Malami, said the arrest of the suspects followed the recent convictions of some Nigerians on terrorism financing in the United Arab Emirates (UAE). He said that investigations conducted have established reasonable evidence of the involvement of the highly placed individuals, businessmen and institutions across the country in financing the Boko Haram terrorists. Although Malami declined…

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AGF orders NDLEA to stop screening of 5,000 recruits

The Attorney-General of the Federation, (AGF) and Minister of Justice, Abubakar Malami, has directed the National Drug Law Enforcement Agency, (NDLEA), to put screening of 5,000 new recruits on hold. The order was contained in a statement issued on Friday by the Solicitor-General of the Federation. NDLEA had asked the candidates to go to the agencys academy, Citadel Counter-Narcotics Nigeria, (CCNN) at Katton-Rikkos, Jos, Plateau State. They are to appear for the screening and documentation exercise between January 10 and 23, 2021. However, Malami said though the exercise is long…

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