France Jails Ex-Oil Minister, Dan Etete Over Fraud! Issues Arrest Warrant!

A French court on Wednesday sentenced in absentia former Nigerian oil minister Dan Etete to three years in prison and a fine of 300,000 euros (440,000 dollars) for money laundering.

The Paris criminal court also issued an arrest warrant for Etete, who served as oil minister under Sani Abacha from 1995 to 1998, and is currently living in Britain.

Etete was convicted of using 15 million euros in funds obtained fraudulently to purchase properties in 1999 and 2000 including a chateau in northwest France, a Paris apartment and a luxury villa in the chic Paris suburb of Neuilly.

Etete’s accomplice, French businessman Richard Granier-Defferre, was convicted of complicity and sentenced to 12 months in jail and a fine of 150,000 euros.

The French court ordered Etete to pay 150,000 euros to Nigeria in compensation for moral prejudice and 20,000 euros in fees.

During the brief trial in September, Etete’s lawyer said his client had acquired the properties through legal investment companies.



3 responses to “France Jails Ex-Oil Minister, Dan Etete Over Fraud! Issues Arrest Warrant!

  1. Why did the French court order the Thief – Etete to pay a fine of 300,000 euros to the French court as fine, and a MERE 150,000 euros to the Nigeria govt? If the French court wants REAL Justice and seen to be doing any favours to Nigeria, it should change its biased rulings to: “AT LEAST 15 Million euros payment by Etete – The Thief-Thief to the Nigeria purse!”
    What is our French embassy and Ojo Maduekwe doing?

  2. hello,

    nice site you have here. Pls how do i contribute some articles , news and opinions?


  3. Yes, Nigerian Leaders are all thieves groomed by
    their Colonial Masters. Yes, money stollen from
    the poor nations and inested to the Rich Nations.
    How about the interests, dividends and others
    culprit elements associated with the entire loot,
    transfer and investment into the Rich Nation ?
    It would be fair to expose all to Public Notice as
    deterants, and punish all involved, that would
    serve as plain justice , wouldn’t it ? Good try !

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