Abacha, Firm Ask Court to Affirm Them as Malabu’s Owners

Heritage Oil
  • Abacha, Firm Ask Court to Affirm Them as Malabu’s Owners

Son of the late Head of State, Gen. Sani Abacha, Alhaji Mohammed Sani Abacha, has filed a fresh suit seeking an order of the Federal High Court in Abuja affirming him and a company Pecos Energy Ltd, as the owners of the Malabu Oil and Gas Limited.

Malabu also asked the court to restrain the EFCC as continuing to treat the OPL 245 as proceed of crime, and also stop the anti-graft agency from interfering with its (Malabu’s) “right to explore and prospect for petroleum in the area of OPL 245”.

Malabu Oil and Gas Limited is the company to which the Federal Government had originally awarded the highly lucrative OPL 245 under circumstances which the Economic and Financial Crimes Commission had questioned.

Listed as plaintiffs who filed the fresh suit marked FHC/ABJ/ CS/506/2017, were Malabu Oil and Gas Limited, Mohammed Abacha, and Pecos Energy Limited.

The defendant, includes, Mr Kweku Amafegha (described as an initial subscriber and director of Malabu), Munamuna Seidougha and Amaran Joseph (described as purported to be directors and allottees of Malabu).

Listed as the fourth to the 10th defendants are the Corporate Affairs Commission, Shell Nigeria Exploration and Production Company; Nigerian Agip Exploration Limited, the Federal Government of Nigeria; the Attorney-General of the Federation and Minister of Justice; the Minister of Petroleum Resources and the Department of Petrol Resources.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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