Malabu oil deal: We have recovered $85m – FG

The Federal Government said it has recovered $85 million from the United Kingdom as part of funds allegedly looted from the Malabu oil deal.

The Attorney-General of the Federation, Abubakar Malami disclosed this on Thursday while speaking at the consultative meeting on assets recovery.

Other remarks: He said despite the non-compliant nature of some countries, the government would not relent in its bid to recover more funds.

Meanwhile, the trial of former Nigerian ministers, Dan Etete and Mohammed Adoke, for the alleged diversion of $1.1 billion in the controversial sale of Oil Prospecting License, OPL 245 stalled on Thursday, following the inability of the prosecution to present the accused persons.

The Economic and Financial Crimes Commission (EFCC), had charged the defendants with fraud over their roles in the sale of one of Nigeria’s richest oil well, the OPL 245, during the administration of former President Goodluck Jonathan.

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