The Mystery of Malabu
- Ex-President Goodluck Jonathan is back in the news — and, of course, it is not pretty. He has been summoned by a committee of the house of representatives over the oily OPL 245 affair. The oil prospecting licence was initially awarded to Malabu Oil and Gas Ltd in 1998, revoked in 2001, awarded to Shell same year, and, in 2006, revoked again and returned to Malabu following an out-of-court settlement. Things went quiet until Jonathan finally restored the block to Malabu in 2010. Then, in 2011, he approved Malabu’s re-sale of the OPL to Shell and ENI. And they thought it was the end. But it was just the beginning.