A leak of private property data in Dubai has shed new light on how the proceeds of a notorious $1.3 billion oil deal involving Shell may have been spent on luxury villas in the secretive Arab Emirate. PREMIUM TIMES’ UK partner, Finance Uncovered, has discovered the name of former Nigerian oil minister Daniel Etete among thousands of property and residency records compiled by assorted real estate professionals in Dubai. The leak was obtained by the U.S. non-profit C4ADS, passed to the Organized Crime and Corruption Reporting Project and seen by Finance Uncovered. Mr Etete was the suspected mastermind behind a 2011 deal known as OPL245 that is alleged to be one of the most corrupt in the history of the oil industry. Mr Etete, as well as oil giants Shell and Eni of Italy, and a number of their former executives, are due to stand trial on various corruption charges relating to OPL245 in Italy on June 20. It is said to be one of the biggest trials in corporate history. All the...
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