Aliyu Abubakar, an Abuja business owner, has actually exposed allegations of receiving the sum of $400 million as a consultancy charge in regard of the questionable Malabu oil offer. A current publication had claimed the transcript of an Italian court in Milan suggested that Abubakar consented to receiving the money in concern as a consultancy charge for the oil deal.

Abubakar has actually refuted the claims, firmly insisting that he never ever acted as an expert to the oil and gas company and never got the alleged amount as a consultancy charge.

Remember that Abubakar, together with six others, was arraigned before Justice I. E. Ekwo of the Federal High Court in Abuja in 2020 over money laundering charges to the tune of $875,740,000.

The Economic and Financial Crimes Commission (EFCC) had brought 67 amended charges against them that year.

Abubakar has actually now firmly insisted that his arraignment in Abuja in 2020 had nothing to do with the claims of the publication alleging he owned up to receiving money in Milan.

He said the online claims that he confessed to receiving the cash in Milan were ‘incorrect, malicious and targeted at bringing his name to disrepute’.

The businessman gave the counterclaim in a statement signed by his media assistant, Kadiri Joseph stating he has actually never functioned as an expert to Malabu oil and gas company and did not receive the stated amount.

Abubakar promised to never give in to cheap blackmail by people and some unprofessional news platforms who defame the character of targeted people.

He cautioned the online platform to retract the stated publication, including that he has actually briefed his legal representatives to take legal action against anyone involved in the character assassination.

“Alhaji Aliyu Abubakar has actually never acted as a consultant to Malabu oil and gas and has actually never collected $400 million as consultancy charges in regard of Malabu oil and gas.

“The news is crafted by our detractors and we will never succumb to cheap blackmail. The publishers need to pull and pull back down the report and tender an apology within 72 hours.

“A group of attorneys headed by a Senior Advocate of Nigeria have actually been informed to take legal action against the publishers “, the declaration read.