Africa
Bayo Ojo, Former AGF, Admits Receiving $10m 'Compensation' From Dan Etete For Malabu Deal
By Sahara 9/2/19
Feb 11, 2019 - 12:07:27 PM

Bayo Ojo (SAN), former Attorney-General and Minister of Justice, on Thursday admitted receiving a "compensation" of $10million from former Petroleum Minister Dan Etete for his work as a legal adviser in the sale of OPL 245.

Ojo made the admission in a passage of his examination in Milan in the ongoing trial of former top officials of Royal Dutch Shell and Italian Agip-Eni over the payment of $1.092billion to Etete, the former Minister who awarded himself the lucrative OPL 245 by willing it to Malabu Oil and Gas, a company he had earlier set up using a false identity. He was also convicted of money laundering in an unrelated case in France in 2007.