The controversial $1.3 billion deal revolves around “OPL 245,” which is believed to be the most valuable oil field in West Africa. The scam is being investigated in Nigeria, Italy and Netherlands due to the participation of oil giants Shell and ENI. Below are 12 things you should know about the controversial Malabu oil deal: 1. Former petroleum minister, Dan Etete, who was appointed by late dictator Sani Abacha , acquired “OPL 245” through his company, Malabu Oil and Gas Limited while in office in 1998. 2. The deal was struck only five days after the company was incorporated with three shareholders; Mohammed Sani Abacha , Kweku Amafagha (a fake name created by Etete) and Hassan Hindu (wife of a former Nigerian High Commissioner to the UK). 3. Etete illegally awarded himself the oil block and paid only $2 million out of the $20 million legally required by the state. 4. The oil block, which is said to have about 9 billion barrels of crude oil, was sold to Shell and ENI for $1.3 bi...