TVC News to Air TheCable’s Investigative Documentary on $1.3 Billion OPL 245 “Malabugate” Scandal
Premiere Set for Sunday Night Broadcast
TVC News will premiere an explosive investigative documentary this Sunday at 9pm, delving into Nigeria’s controversial $1.3 billion OPL 245 oil deal, widely known as the “Malabugate” scandal.
The documentary, produced by TheCable newspaper and the Cable Foundation, promises to provide the most comprehensive account yet of one of Nigeria’s most complex oil scandals that has spanned multiple administrations.
Unraveling Nigeria’s Biggest Oil Controversy
“Through compelling storytelling and original reporting, Malabugate reconstructs the scandal from the ground up, offering viewers an unprecedented narrative into the billion-dollar oil deal that has spanned administrations, borders, and courtrooms,” stated TheCable’s management in a press release.
The investigation tackles critical questions that have lingered for decades about the controversial oil block allocation:
- Why did President Obasanjo revoke OPL 245 in 2001?
- What led to the out-of-court settlement with Malabu in 2006?
- Why did President Goodluck Jonathan return the block to Malabu in 2010?
- How did Shell and Eni acquire Malabu’s interest for $1.1 billion in 2011?
READ ALSO: Malabu Saga: Anti-corruption experts express concerns over Italy’s actions against Milan prosecutors
Global Implications and Legal Battles
The documentary also explores:
- The involvement of the Abacha family and former Petroleum Minister Dan Etete
- President Buhari’s criminal charges against key figures
- The central role of former Attorney-General Mohammed Bello Adoke
- Nigeria’s surprising losses in international court cases
By tracking the global money trail and analyzing legal documents, the investigation reveals how major oil companies became entangled in a scandal that continues to impact Nigeria’s energy and justice sectors.
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