It's hard to say, and a lot to look at. He seems to know about Jacob and MIB. In the episode 'The Life and Times of Jeremy Benthom', he told Locke a 'war was coming' and if John wasn't back on the Island, the wrong side would win.
If he was on Jacob's side, he would know Locke was a candidate for Jacob and maybe that's why he wanted to help him. OR, he knew he would be killed and/or possessed by the MIB. Even though bad things have happened, and been asked of, anything could be of the will and wish of Jacob or MIB.
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