Malabu Oil Deal: Federal Government seizes Dan Etete’s $57million Jet In Canada

Nigeria’s former Minister of Petroleum, Dan Etete is clearly not out of the hook as investigation into allegations of corruption and money laundering against him has led to the tracking and grounding of a private jet which has been traced to him.

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 journalists 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.

The asset recovery lawyers acting on behalf of the Nigerian government swooped last week, after the Bombardier 6000 jet, tail number M-MYNA, touched down at Montreal Trudeau International Airport in Canada on Friday May 29. 

A Quebec judge is understood to have granted a seizure order for the aircraft in the early hours of Saturday morning.