Former Petroleum Minister, Dan Etete Faces 10-Year Jail Term Over Corruption - SALIENT TIMES ONLINE

Former Petroleum Minister, Dan Etete Faces 10-Year Jail Term Over Corruption

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By Olubiyi Obasa

Nigeria’s former minister of petroleum resources, Dan Etete is facing a possible 10-year jail sentence after Italian prosecutors pushed for his incarceration.

Salient Times gathered that the prosecutors are also requesting an eight-year sentence for Claudio Descalzi, Eni chief executive.

This is due to alleged corruption involving Nigeria’s oil block deal.

The prosecutors are also seeking to confiscate up to $1.1bn in fines from defendants including the oil major and Royal Dutch Shell.

The case is being described as one of the biggest corruption cases in the oil industry’s history.

According to report, “they allege that nearly all of the $1.3bn Shell and Eni paid in 2011 for the OPL 245 offshore oil block went towards bribes for businessmen, middlemen and Nigerian officials, particularly Dan Etete, Nigeria’s former oil minister, who owned the block. “

They are also seeking an eight-year sentence for former chief executive, Paolo Scaroni, and an 88-month sentence for Shell’s former head of exploration and production, Malcolm Brinded.

“In his closing argument of the two-year trial, prosecutor Fabio De Pasquale cited emails and testimony that he said proved that Shell, Eni and some of their most senior executives knew that most of the money they paid for OPL 245 went towards bribes.”

Recall that Justice Bala Sanchi of Federal Capital Territory, High Court, Jabi district of Abuja, on Wednesday granted an order of arrest warrant against the former Minister of Petroleum , Etete and the former Attorney General of Federation, Mohammed Adoke SAN and four others persons allegedly involved in Malabu oil scam.

The court order was sequel to an ex- parte application filed by the Economic and Financial Crimes Commission (EFCC).

The application was argued by EFCC lawyer Aliyu Yusuf.

The ex-parte application was supported by 13-paragraph affidavit deposed to by a senior operative of the EFCC, Ahmed Ibrahim.