The Economic and Financial Crimes Commission (EFCC) has moved against once-convicted former minister of petroleum, Dan Etete, over the transfer of $1.1 billion made to his ‘company’, Malabu Oil and Gas.
Etete was grilled Friday by detectives at the EFCC head office in Abuja.
According to Premium Times, anonymous sources in the agency said that Etete, who was convicted for money laundering in France in 2005, was summoned by EFCC to answer questions regarding another huge fund transfer to Switzerland.
The money which was seized by Swiss authorities is the reason EFCC requested to help call in the former oil minister for questioning.
One of the sources said Etete honored the EFCC’s invitation and was extensively grilled by operatives over that separate controversial transfer to Switzerland, and then about the $1.1 billion payment made to Malabu by the Jonathan administration, which the anti-graft agency has been investigating for years.
It was further learnt that Etete arrived the EFCC headquarters in the Maitama District of Abuja on Friday, and was only released on administrative bail after he made an undertaking to return for more questioning on Monday.
“He first answered questions about the new controversial Swiss transfer. But when our men started asking him questions about the pending issue of the $1.1billion payment, he pleaded to be allowed to go gather all necessary documents concerning that transaction. So we committed him to returning here (EFCC office) on Monday,” the source said.
