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NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
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Ex-Petroleum Minister Dan Etete
The investigation into allegations of corruption and money laundering against Nigeria’s former Minister of Petroleum, Dan Etete, has taken a new turn with the tracking and grounding of a private jet which was traced to the former minister.
The jet is believed to have been purchased for 57 million dollars in 2011 as part of the alleged proceeds of the $1.3 billion oil deal in which the prospecting rights to the opl 245 block was awarded to a company, Malabu Oil and Gas, which he secretly controlled.
Asset recovery lawyers acting for the Federal Government swooped after the bombardier 6,000 jet touched down at Montréal-Trudeau International airport in Canada.
The seizure was confirmed to Channels TV’s London correspondent on Saturday by Babatunde Olabode Johnson, one of the lawyers involved in Nigeria’s asset recovery cases.
The order for the seizure according to Mr. Johnson was served on the jet’s owner, a company called Tibit Limited, which has until June 9, to file court papers opposing the seizure. (Channels TV)
