TVC News to Show Documentary on Malabu Scandal, Uncovering the Truth Behind the $1.3 Billion OPL 245 Saga

BY admin
May 5, 2025
0 Comments
8 Views

On Sunday, TVC News will broadcast the premiere of an investigative documentary titled “Malabugate,” which delves into the complexities of the $1.3 billion OPL 245 scandal, one of the most significant oil scandals in Nigeria’s history.

The documentary, produced by TheCable newspaper and the Cable Foundation, will air at 9pm.

According to the management of TheCable, the documentary “authoritatively unravels the full scope of the OPL 245 controversy” through compelling storytelling and original reporting. It reconstructs the scandal from the ground up, providing viewers with an unprecedented narrative into the billion-dollar oil deal that has spanned administrations, borders, and courtrooms.

The documentary explores key questions surrounding the scandal, including:

* Why did former President Olusegun Obasanjo revoke OPL 245 in 2001 and later settle out of court with Malabu in 2006?

* Why did former President Goodluck Jonathan return the oil block to Malabu in 2010?

* Why did Shell and Eni teamup to acquire Malabu’s interest in the oil block for $1.1 billion in 2011?

* What was the interest of the Abacha family in OPL 245, and what role did Chief Dan Etete, the former minister of petroleum resources under Abacha, play in the scandal?

* Why did President Muhammadu Buhari file criminal charges against the principal actors, and how did Mohammed Bello Adoke, the former attorney-general of the federation, become the central figure in the court cases?

* Why did Nigeria lose all the court cases in Italy, the UK, and Nigeria?

The documentary confronts the hard questions that have long demanded answers, tracking the origin and allocation of OPL 245, following the global money trail, dissecting legal documents, and breaking down how some of the world’s biggest oil companies became entangled in a scandal that continues to shape Nigeria’s energy and justice sectors.

By airing this documentary, TVC News aims to provide its audience with a deeper understanding of the Malabu scandal and its far-reaching implications for Nigeria’s economy, politics, and justice system.

The premiere of “Malabugate” is a must-watch for anyone interested in uncovering the truth behind one of the most complex and consequential oil scandals in Nigeria’s history.