EFCC Sealed over $500m bribe: Nigerian oil mogul Aliyu Abubakar faces trial in Italy

One of the most beautiful edifice in Abuja the federal capital Territory that attracts the attention of passers bye has being sealed off by the anti corruption agency, EFCC, the  house allegedly belongs to Aliyu Abubakar owners of AA oils and he was docked in Milan on Malabu oil scam,

An Italian judge has ordered a Nigerian businessman, Alhaji Aliyu Abubakar to stand trial for alleged international corruption relating to a Nigeria oil graft case involving Eni and Shell, a judicial source and his lawyer said

Milan prosecutors allege that Abubakar, a reclusive billionaire and chairman of AA Oil, played a central role in one of the oil industry’s biggest scandals in years, handing out more than $500 million in cash to powerful Nigerian government officials.

The money is alleged to come out of the $1.3 billion licence fee paid by Eni and Shell for access to the OPL-245 offshore oilfield located in the southern Niger Delta.

Abubakar’s Italian lawyer, Davide Pozzi, said his client, who lives in Nigeria, denies any wrongdoing in the case.

Details shortly

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