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$1.2bn Malabu scam: Court rules on Adoke, others’ bail applications Thursday

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The High Court of the Federal Capital Territory, Abuja, on Monday, fixed Thursday for ruling on the bail applications filed by a former Attorney-General of the Federation and Minister of Justice, Mr Mohammed Adoke, SAN, and two of his co-defendants charged with offences bordering on the controversial Malabu Oil scam.

Justice Abubakar Idris had earlier on January 23, 2020, ordered the remand of the three defendants in the custody of the Economic and Financial Crimes Commission after they pleaded not guilty to the 42 counts preferred against them by the commission.

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The judge heard the separate bail applications filed by the three of the seven defendants named as defendants in the charges, before fixing Thursday for a ruling.

The three defendants are Adoke, Aliyu Abubakar, who was accused of offering N300m gratification to the ex-AGF in relation to the Malabu Oil deal, as well as a former company secretary and legal adviser of Malabu Oil and Gas Limited, Rasky Gbinigie.

The rest of the defendants alongside whom they were charged are corporate bodies including Malabu Oil and Gas Limited, Nigeria Agip Exploration Limited, Shell Nigeria Ultra Deep Limited, and Shell Nigeria Exploration Production Company Limited.

The corporate bodies did not have to file any bail application.

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