• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 7 hours EU has already lost the Trump vs. EU Trade War
  • 1 day Science: Only correct if it fits the popular narrative
  • 19 hours Crazy Stories From Round The World
  • 1 day Iran Burning: Shock Gas Price Hike Triggers Violent Protests After Subsidy Cuts
  • 20 hours Everything You Need To Know About Trump
  • 7 hours IEA predicts oil demand will grow annually at 1 million barrels a day for the next 5 years
  • 5 mins Pope Proposes New Sin: Thou Shalt Not Destroy The Harmony Of The Environment
  • 1 day Atty General Barr likely subpeona so called whistleblower and "leaker" Eric Ciaramella
  • 2 hours Water, Trump, and Israel’s National Security
  • 18 hours Impeachment Nonsense
  • 10 hours ‘If it saves a life’: Power cut to 1.5 million Californians
  • 2 days What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 2 days Who writes this stuff? "Crude Prices Swing Between Gains, Losses"
36 Dead Following Fuel Protests In Iran

36 Dead Following Fuel Protests In Iran

As many as 36 people…

The Top 5 Ways We Use Oil & Gas

The Top 5 Ways We Use Oil & Gas

Oil & gas products are…

Millions In Jewelry, Golden Iphone Seized From Corrupt Nigerian Ex-Oil Minister

Madueke

A Nigerian court has ordered the seizure of $40 million of luxury items, mainly jewelry and a customized golden iPhone belonging to the ex-minister of Nigeria’s petroleum resources Diezani Alison-Madueke, according to Reuters.

In addition to the customized iPhone, the items seized included—but was not limited to—419 bangles, 315 rings, and 189 wristwatches, according to Sahara Reporters. The items will be permanently forfeited to the federal government after a 14-day waiting period. Madueke already had her $37.5 million apartment seized in 2017.

The items were seized in connection to a money laundering and bribery case involving former Nigerian President Goodluck Johnathon in the high-profile Malabu oil deal/ OPL 245 case which has embroiled Shell, Eni, and JPMorgan in legal battles in multiple countries across the globe, as well as a case involving Duke Oil Company and Trafigura—the goings on which are murky at best.

Madueke was the head of the petroleum ministry from 2011 until 2015.

Nigeria issued an international arrest warrant for Madueke, standing accused of misappropriating public funds. The United Kingdom also wanted a crack at prosecuting the Nigerian oil minister, but her whereabouts are currently unknown. UK detectives were in Nigeria just days ago gathering evidence against the oil minister.

Madueke has formerly been in Dominica—the irony of it being a money laundering hotspot not lost—but has also spent time in London, where she was arrested for the same criminal activity in 2015 before being released on bail.

Madueke was the first female president of OPEC.

Meanwhile, the offshore oilfield OPL 245 remains one of the largest untapped oil resources in Africa at 9 billion barrels of oil reserves. Eni and Shell still hold the rights to develop the field, but both are named in a $1 billion lawsuit that is unlikely to wrap up quickly.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • S A on July 07 2019 said:
    It’s the Commonwealth of Dominica, not the Dominican Republic.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play