June 2020, By Lionel Faull & Margot Gibbs 

Nigeria has tracked down and grounded the luxury private jet purchased by its former oil minister, Dan Etete, with some of the alleged proceeds of the notorious $1.3 billion Malabu OPL245 oil deal.

Asset recovery lawyers acting for the Nigerian government swooped last week after the Bombardier 6000 jet, tail number M-MYNA, touched down at Montréal-Trudeau International Airport in Canada on Friday evening (29 May).

Etete is alleged to have paid a total of $57m for the jet in 2011. It has a range of up to 6,000 nautical miles and a luxurious interior for 17 passengers. The jet was part of Etete’s epic spending spree.

Published: Finance Uncovered