Malabu italian judge jails nigerian one other

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An Italian judge has sentenced a Nigerian national, Malabu Oil and Gas' former CEO, Dan Etete, to 3 years and 6 months in prison for his role in the $1.1 billion Malabu oil scandal. The scandal involved the illegal allocation of oil blocks in Nigeria.

According to reports, Etete was found guilty of corruption and money laundering in connection with the sale of the OPL 245 oil block to Royal Dutch Shell and Eni in 2011. The block is believed to hold significant oil reserves.

The Italian judge also sentenced another individual, Gianluca Di Nardo, a former Eni executive, to 2 years and 6 months in prison for his role in the scandal.

The Malabu oil scandal has been under investigation for several years, with allegations of corruption and bribery involving high-ranking officials in Nigeria and Italy. The case has significant implications for both countries, as well as for the oil industry as a whole.

It's worth noting that the verdict is not yet final, as both defendants have the right to appeal. However, the conviction is a significant development in the ongoing investigation and could have far-reaching consequences for those involved.