Thread by @DobuChief

1. Malabu Scandal's Background:

The Malabu scandal involved the transfer of about $1.1 billion by oil multinationals, Shell and ENI, through the Nigerian government to accounts controlled by a former Nigerian oil minister, Dan Etete.

2. From accounts controlled by Mr Etete, about half the money ($520 million) went to the accounts of companies jointly controlled by Abubakar Aliyu, popularly known in Nigeria as the owner of AA oil, and Mr Etete.

3. Anti-corruption investigators and activists suspect Mr Aliyu fronted for top officials of the Goodluck Jonathan administration as well of officials of Shell and ENI.

4. The transaction was authorised in 2011 by Mr Jonathan through some of his cabinet ministers, and the money was payment for OPL 245, one of Nigeria’s richest oil blocks.

5. Although Shell and ENI initially claimed they did not know the money would end up with Mr Etete and his cronies, evidence has shown that claim to be false. Shell later admitted it did know the money would go to Mr Etete.

6. Shell, Eni, Mr Etete, Mr Aliyu and several officials of the oil firms are being prosecuted in Italy for their roles in the scandal. Mr Etete acquired luxury properties in Dubai with funds believed to have been sourced from the controversial deal.

7. In April, the EFCC was urged to seize a private jet bought by Mr Etete from money he allegedly made from the Malabu deal.

8. Last month, a Federal Capital Territory High Court in Jabi, Abuja, granted the prayers of the Economic and Financial Crimes Commission for a warrant of arrest against Nigerian officials implicated in the controversial deal under Goodluck Jonathan's government.

9. The officials include Mr Etete and Mohammed Adoke, a former justice minister. Also declared wanted were foreigners including Raph Wetzels, Casula Roberto, Pujato Stefano, and Burrato Sebastiano.