$1.2bn Malabu Scam: Former Attorney General, Bayo Ojo Quizzed by EFCC for Hours

 

A former Nigerian Attorney General, Bayo Ojo (SAN) was a guest of investigators at the Economic and Financial Crimes Commission (EFCC) for several hours. Mr. Ojo was quizzed for several hours to explain his role in the $1.2 billion Malabu oil deal involving several officials of the former President Goodluck Jonathan.

 

Investigators in the United States working with their counterpart in Italy have revealed that at least $10 million was paid to Bayo Ojo from the proceeds of the illegal deal.

 

Former President Jonathan has been a major suspect in the deal, Italian investigators revealed at a Southwark Crown Court hearing in London that Mr. Jonathan was known as “Fortunato” in a series of distribution of the bribe money through a prominent businessman, Alhaji A. A Aliyu popularly known as “AAA oil”. Dan Etete reportedly distributed over $500million through Mr. Aliyu who then passed parts of the proceeds to Mr. Jonathan.

 

The immediate past Attorney General of the Federation, Mohammed Bello Adoke has escaped from Nigeria but remains wanted by the EFCC to explain his role in the Malabu transaction.

 

Source: SaharaReporters