NIGERIA: CLAIM THAT PRIVATE JET OWNED BY FORMER MINISTER OF PETROLEUM WAS PURCHASED WITH ILLICIT FUNDS

The Sahara Reporters website reported on 11th April that a court in Milan has heard about investigations focused on the sale of OPL245 oil exploitation licence to Eni and Shell and allegations of corruption linked with several serving and former company managers, including Nigerian politicians.  The aircraft is listed as registered to Tibit Limited (BVI) and registered in the Isle of Man and is said to have been purchased from Insured Aircraft Title Services of the US.  The jet is said to be worth $56 million when it was purchased.

http://saharareporters.com/2019/04/11/italian-investigators-alert-magu-dan-etete-bought-private-jet-56m-shady-malabu-oil-deal

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s