Dan etete latest news
Dan Etete is a Nigerian businessman and former politician who has been involved in various controversies over the years. Here are some of the latest news and updates about him:
- Malabu Oil Deal: In 2020, Etete was accused of being involved in a massive oil scam in which he allegedly received $1.1 billion from the Nigerian government for the sale of a oil block, OPL 245, to Royal Dutch Shell and Eni. The deal was widely criticized as corrupt and led to a series of investigations and lawsuits.
- Extradition Request: In 2020, the Italian authorities issued an extradition request for Etete, who was accused of being involved in the Malabu oil deal. However, Nigeria's Attorney-General, Abubakar Malami, refused to extradite him, citing lack of evidence.
- Asset Freeze: In 2020, the Nigerian government froze Etete's assets, including his bank accounts and properties, as part of an investigation into the Malabu oil deal. The move was seen as a major blow to Etete's business empire.
- Court Ruling: In 2020, a Nigerian court ruled that Etete had no right to the OPL 245 oil block, which was awarded to him by the Nigerian government in 1998. The ruling was seen as a major setback for Etete and his business interests.
- Business Empire: Despite the controversies surrounding him, Etete remains a prominent businessman in Nigeria, with interests in oil and gas, real estate, and other sectors. He is also a major shareholder in several companies, including the Nigerian National Petroleum Corporation (NNPC).
It's worth noting that Etete has consistently denied any wrongdoing in the Malabu oil deal and has accused his critics of political persecution. However, the allegations against him have led to a significant erosion of his reputation and business interests.