PREMIUM TIMES has uncovered one of the most fraudulent crude oil deals executed by the Goodluck Jonathan administration, which saw a campaign official and some other suspected cronies of the ex-president smiling to the banks with up to 50 per cent commission from the proceeds of a foreign crude oil lifting contract, turning them into instant billionaires.

In the middle of the shady deal is a Nigerian oil and gas company, Sarb Energy, which acted as a dodgy middleman in a non-transparent government-to-government crude oil sale between the Nigerian and the Zambian governments.