Age, Biography and Wiki
Dan Etete was born on 25 January, 1945 in Niger, is a Nigerian politician. Discover Dan Etete's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 79 years old?
| Popular As |
N/A |
| Occupation |
N/A |
| Age |
79 years old |
| Zodiac Sign |
Aquarius |
| Born |
25 January, 1945 |
| Birthday |
25 January |
| Birthplace |
N/A |
| Nationality |
Niger
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We recommend you to check the complete list of Famous People born on 25 January.
He is a member of famous politician with the age 79 years old group.
Dan Etete Height, Weight & Measurements
At 79 years old, Dan Etete height not available right now. We will update Dan Etete's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
| Family |
| Parents |
Not Available |
| Wife |
Not Available |
| Sibling |
Not Available |
| Children |
Not Available |
Dan Etete Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Dan Etete worth at the age of 79 years old? Dan Etete’s income source is mostly from being a successful politician. He is from Niger. We have estimated Dan Etete's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
politician |
Dan Etete Social Network
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Timeline
Dan Etete (born 26 January 1945) aka Chief Dauzia Loya Etete, was the former Nigerian Minister of Petroleum (1995–1998), under the regime of Gen. Sani Abacha's 1995 and was convicted as a money-launderer in the year 2007.
Dan Etete, was found guilty of money laundering by a French court in 2007.
He was also found to have used illicit funds to buy a speedboat and a chateau.
Since then, Dan Etete has been involved in series of illegal and fraudulent business practices both local and abroad.
In the year 2007, he was convicted and sentenced to 3 years imprisonment also with a fine of 300,000 euros(about $440,000) by the French Government for money laundering.
In 2011, as a former Minister of Petroleum under military dictator General Sani Abacha, Dan Etete facilitated the transfer of payment of $1.1 billion to Malabu Oil and Gas. Malabu was set up in 1998 by Dan Etete using a false identity so as to award himself a lucrative oil block, OPL 245, for which he paid only $2 million of the $20 million legally required by the state.
At the time of Goodluck Jonathan's government, Dan Etete was said to have helped facilitate the transfer of payment from Shell and Eni to Malabu Oil and Gas.
The Economist reports that only $800 million out of the $1.1 billion meant for Malabu Oil and Gas was ever remitted by the Nigerian government. The Nigerian Attorney General, Mohammed Bello Adoke, who signed the documents involved in facilitating the payments, denied the rest was shared by public officials.
The transfer to convicted felon,Dan Etete, only came to public light when a Russian lawyer that claimed to have helped Malabu negotiate a deal with the Jonathan's government sued in New York for a $66 million unpaid commission.
Later on he was pardoned by the French government in the year 2014, Dan Etete's illegal involvement or activities did not stop there but continued as he was said to have been involved in helping to facilitate the illegal transfer $1.3 billion for the sale of the oil block owned by Malabu Company from Shell and Eni and transferred to the company during the former Nigerian President Goodluck Jonathan's administration, who was also claimed to be involved in the fraudulent deal in 2011.
Both Shell and Eni, as of September 2014, are under investigation for corruption by the UK and Italy authorities for the incidence.
In 2017, e-mails obtained by anti-corruption charities Global Witness and Finance Uncovered apparently revealed that Shell's executives were negotiating directly with Dan Etete for a year before the oil deal that corruptly enriched Dan Etete was finalised.
