Abuja — A former Minister for Petroleum Resources, Chief Dan Etete, has disclosed that the federal government did not invest a dime in Malabu Oil and Gas Limited, and is therefore not entitled to share from the proceeds which accrued to the company from settlement of the company's disputes.
Etete, in a response he issued to correct many of the misconceptions surrounding the out-of-court settlement of the dispute in which the company is enmeshed, said those claiming that proceeds from the settlement should go to government were merely being gullible.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article