Ibori Hid Assets In Oando - British Prosecutor - Politics (5) - Nairaland
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| Re: Ibori Hid Assets In Oando - British Prosecutor by drnoel: 9:13pm On Sep 16, 2013 |
Francis-1:Is it only tinubu? The list is very long ma guy. |
| Re: Ibori Hid Assets In Oando - British Prosecutor by babyboy3(m): 9:14pm On Sep 16, 2013 |
victorD3: Dumbo he committed fraud in the UK thats they wanted him |
| Re: Ibori Hid Assets In Oando - British Prosecutor by Nobody: 9:16pm On Sep 16, 2013 |
[size=18pt]Having trouble Paying your Tennament Rate and living space tax? No need to worry! Rush down to Tinibu organ Donors Ltd. We buy Kidneys and bone marrows. Tinibu Organ Donors has a world wide connection with the underground organ trafficking ring. We pay 800 Trillion Tinibus ($100) for a Kidney. So what are you doing sitting down there? Get those organs where they belong and put some cash into those pockets. [/size] Medical Tests costs will be subtracted from the total sum paid for a kidney 2 Likes |
| Re: Ibori Hid Assets In Oando - British Prosecutor by Nobody: 9:16pm On Sep 16, 2013 |
PvtParts:okay, let us ''assume" that you are correct for a minute. The only thing that we can see in lagos is development which is why every tribe in nigeria is highly represented in lagos that even some delusion few think it a no man's land. Those state govs that have erosion destroyd land are not stealing public funds right! Please, be serious... |
| Re: Ibori Hid Assets In Oando - British Prosecutor by UyiIredia(m): 9:21pm On Sep 16, 2013 |
Pvtpts, please I want your input. Is it true Ibori was more generous than Uduaghan ? |
| Re: Ibori Hid Assets In Oando - British Prosecutor by victorv12(m): 9:23pm On Sep 16, 2013 |
If Ibori can steal over 200 Million pounds, what about the present governors in power? The mass looting in Nigeria is crazy! |
| Re: Ibori Hid Assets In Oando - British Prosecutor by Desric(m): 9:26pm On Sep 16, 2013 |
atlwireles: This was one of their major anger against Jonah by these gang of thieves, during the fuel subsidies saga. All this fake oil companies, used as front to convert government funds into private assets. Their free money was exposed and stopped, why will they give up without fighting. Supporting the masses, as they bleed them dry. Everywhere you turn, same people shouting corruption from the rooftop while they gladly pocket billionsAnd who said GEJ's administration's exposure of Fuel subsidy thieves has helped us or our Economy in any way? If they've curtailed subsidy expenditure as they always want us to believe, then why is the FG still paying heavily on subsidy even when the poor masses are forced to be paying so much extra on petroleum products from the status quo? Where is the benefit of all those nonsense, that GEJ could not allow Nigerians to say happy new year to their people in peace before he hurriedly declare that wicked, Criminal and heartless removal of the fuel subsidy? I have agreed that Ibori did defraud the people of Delta State and maybe starched his money in Oando,, but is it the reason why we cannot have a functional Refinery in Nigeria with all the money and resources we've got? Now we are waiting for Dangote to build a refinery for us maybe for us to hear very soon after Jona must have left office that Jona also starched his own looted fund in the proposed Dangote refinery. Besides, I thought Nigerians celebrate Dangote, Adenuga and the likes because they choose to reinvest their own looted funds in our Country, why is Ibori's own different? Fuel subsidy, GEJ, and their cronies all of them are all fraudulent and balderdash. Finally Ibori is there because GEJ wants him there, if you investigate GEJ's tenure from deputy governor-governor-vice president- Acting president-President, he might serve more severe jail terms than Ibori. They are all one and the same corrupt individuals with no vision or conscience for National development only GEJ's might be more higher considering the time spent and offices held without a single tangible thing to show for them other than his desperate attitude to achieve his desperate ambition all the time.. |
| Re: Ibori Hid Assets In Oando - British Prosecutor by Nobody: 9:26pm On Sep 16, 2013 |
Uyi Iredia: Pvtpts, please I want your input. Is it true Ibori was more generous than Uduaghan ? I am not going to hold brief for Ibori but I have had the chance to meet with him and he gave off the impression as being a very level dude some what like a "Big Bros" to ordinary people that came around to greet him. But the fact remains that he doled out money that would have been better spent providing much needed jobs. The adage teach a man how to fish comes to mind but Ibori bribed his way to common folks |
| Re: Ibori Hid Assets In Oando - British Prosecutor by Nobody: 9:28pm On Sep 16, 2013 |
gokelicious: okay, let us ''assume" that you are correct for a minute. The only thing that we can see in lagos is development which is why every tribe in nigeria is highly represented in lagos that even some delusion few think it a no man's land. Those state govs that have erosion destroyd land are not stealing public funds right! Please, be serious... [size=18pt]Yes Cocoa alone built Lagos! That's why we at Tinibu Cocoa Farms want you to join in. Have degree? Forget that. Grab a machete and lets heard to the plantations![/size]
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| Re: Ibori Hid Assets In Oando - British Prosecutor by Yazmin: 9:33pm On Sep 16, 2013 |
PvtParts: [size=18pt]Having trouble Paying your Tennament Rate and living space tax? Was there a recent break out in yaba left...? 2 Likes |
| Re: Ibori Hid Assets In Oando - British Prosecutor by Nobody: 9:36pm On Sep 16, 2013 |
PvtParts:oh, since you have joined in as an employee, i think that is a good idea. I'll advice you to be very hardworking bcoz that is the only way you can end up owning one (cocoa farm) like your employer. Best wishes. |
| Re: Ibori Hid Assets In Oando - British Prosecutor by awhagwan: 9:40pm On Sep 16, 2013 |
Sagamite: If he is released 2016 and Nigerians are dumb enough to vote for the Silverback Gorilla person called Jonathan, the husband of the Sheppopotamus, in 2015 then expect him to be appointed by the Gorilla as probably Minister of Foreign Affairs or even Chairman of NDDC upon his release. Foolishness on open display. Who ran the Ibori out of town in the first place? No be the same Jonathan? I swear, your stupidity is beyond words. 1 Like |
| Re: Ibori Hid Assets In Oando - British Prosecutor by babyboy3(m): 9:46pm On Sep 16, 2013 |
| Re: Ibori Hid Assets In Oando - British Prosecutor by Nobody: 9:50pm On Sep 16, 2013 |
Yazmin: did the c0ndom break? |
| Re: Ibori Hid Assets In Oando - British Prosecutor by Kezsman(m): 9:52pm On Sep 16, 2013 |
Sagamite: If he is released 2016 and Nigerians are dumb enough to vote for the Silverback Gorilla person called Jonathan, the husband of the Sheppopotamus, in 2015 then expect him to be appointed by the Gorilla as probably Minister of Foreign Affairs or even Chairman of NDDC upon his release.U̶̲̥̅̊ be monkey na Jonathan U̶̲̥̅̊ d̶̲̥̅̊ε̲̣̣̣̥γ̲̣̣̥ call ? ɪ̣̝̇Ƨ̷̜̩̌̋ it not Ibori's stolen money that ΨåS̤̈̊ used to form Tinubu's party and U̶̲̥̅̊я S̶̲̥̅Ơ̴̴̴̴̴̴͡ called APC bunch of criminals 2 Likes |
| Re: Ibori Hid Assets In Oando - British Prosecutor by awhagwan: 9:54pm On Sep 16, 2013 |
BabaAlabi: £200 million...Money meant for the development of Delta State in one man's account and it is England that's helping us prosecute the fat bloated criminal. Corrected. Why do Nigerians have such short memories? 1 Like |
| Re: Ibori Hid Assets In Oando - British Prosecutor by atlwireles: 9:57pm On Sep 16, 2013 |
Desric: And who said GEJ's administration's exposure of Fuel subsidy thieves has helped us or our Economy in any way? If they've curtailed subsidy expenditure as they always want us to believe, then why is the FG still paying heavily on subsidy even when the poor masses are forced to be paying so much extra on petroleum products from the status quo? Where is the benefit of all those nonsense, that GEJ could not allow Nigerians to say happy new year to their people in peace before he hurriedly declare that wicked, Criminal and heartless removal of the fuel subsidy? I have agreed that Ibori did defraud the people of Delta State and maybe starched his money in Oando,, but is it the reason why we cannot have a functional Refinery in Nigeria with all the money and resources we've got? Now we are waiting for Dangote to build a refinery for us maybe for us to hear very soon after Jona must have left office that Jona also starched his own looted fund in the proposed Dangote refinery. Besides, I thought Nigerians celebrate Dangote, Adenuga and the likes because they choose to reinvest their own looted funds in our Country, why is Ibori's own different? Fuel subsidy, GEJ, and their cronies all of them are all fraudulent and balderdash. Sorry, the story is about the finances of Oando. Stay on subject. Open a new thread and discuss refineries, oil subsidy and whatever you need. But the story here is conversion of state monies into private asset via Onado by James Ibori. 1 Like |
| Re: Ibori Hid Assets In Oando - British Prosecutor by Nobody: 10:14pm On Sep 16, 2013 |
An update. Always wait for both sides of the story. How can anyone hide stolen money in 443 shares? Further, it's normal for thieves to hide behind shadow companies to carry out their business. Any other company would have made the same mistake. It doesn't make them criminals. http://www.channelstv.com/home/2013/09/16/british-prosecutor-set-to-expose-iboris-other-assets/ |
| Re: Ibori Hid Assets In Oando - British Prosecutor by myads890(m): 10:29pm On Sep 16, 2013 |
Drsheddy: Human being is WICKED! END TINZ TIME Meaningless comment |
| Re: Ibori Hid Assets In Oando - British Prosecutor by Greaaat: 10:59pm On Sep 16, 2013 |
PvtParts: [size=18pt]Theifnibu the Embezzler
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| Re: Ibori Hid Assets In Oando - British Prosecutor by sweetgala(m): 11:15pm On Sep 16, 2013 |
God help Naija |
| Re: Ibori Hid Assets In Oando - British Prosecutor by ULQUIORRA: 11:39pm On Sep 16, 2013 |
laz_inc: Oando again ? This coy is always in the news for all the wrong reasons, though not surprise when you have Wale Tinubu as the boss.*Tinubu* very funny |
| Re: Ibori Hid Assets In Oando - British Prosecutor by Cleanman(m): 11:45pm On Sep 16, 2013 |
PvtParts: [size=18pt]Having trouble Paying your Tennament Rate and living space tax? Hello sir....were you one of those deported from lagos?.because you sir are a one embittered fellow... dont give yourself high Bp because your very own state guvmor will still loot you dry at gun point... **offers him coffee to cool his temper.  |
| Re: Ibori Hid Assets In Oando - British Prosecutor by WarriPikin1: 11:48pm On Sep 16, 2013 |
karl max: Tinubu olee. Tomorrow people would be screaming corruption. So oando is doing money laundary for ibori the company should be sanctioned immediately No wonder they are fighting tooth and nail to grab power and steal more! By the way, why can't Tinubu steal from their yoruba states? Why steal from Delta? I am so pissed now! |
| Re: Ibori Hid Assets In Oando - British Prosecutor by Cleanman(m): 11:54pm On Sep 16, 2013 |
Warri _Pikin:****offers him coffee too...guy dont give yourself heart attack. oyel na nashana treshur na. |
| Re: Ibori Hid Assets In Oando - British Prosecutor by shineeye: 12:34am On Sep 17, 2013 |
PvtParts:i carry myself nack for floor  oil is saving nigeria from terrible tragedy,this is why they fear to separate is like give a dog a bone and forget the rest  |
| Re: Ibori Hid Assets In Oando - British Prosecutor by Nobody: 12:39am On Sep 17, 2013 |
shine eye: i carry myself nack for floor u dey mind dem |
| Re: Ibori Hid Assets In Oando - British Prosecutor by braveheart2012(m): 2:51am On Sep 17, 2013 |
I have always said it on nairaland that Oando is a bloody scam and Wale Tinubu is a scam artist. Those in the "know" have always known this. The black, oily-faced bastard! Very arrogant and stupid! The laughing stock of London bankers. Oh, I could share juicy stories on here but I won't. I just hope he stops carrying oyinbo ashawos around Dubai in his tiny, wretched "yacht". The prosecutors need to subpoena the shareholders' register for Ocean & Oil Investments (owns a big chunk of Oando). I am sure they'll find lots of interesting things there. |
| Re: Ibori Hid Assets In Oando - British Prosecutor by jaybee3(m): 5:28am On Sep 17, 2013 |
UK Newspaper Detail How Oando Made Its Whopping Quarterly N3.1 Billion Profit By Dodging Taxes This week, Oando Plc, the so-called “highly successful” oil trading company owned by Governor Bola Tinubu's cousin, Wale Tinubu, declared a massive quarterly profit of N3.1billion, an “achievement” that was advertised in Nigerian newspapers. This would be a significant achievement for any company, except that the success of Oando hinges on a clever policy of dodging taxes. In stories published by Private Eye, a United Kingdom newspaper, it has been explained how Oando is taking advantage of the Department for International Development, through its development fund CDC (formerly the Commonwealth Development Corporation). The following, according to Private Eye, is how it is done: Oando attracts foreign capital flow from an American private equity fund known as "Emerging Capital Partners" based in Washington DC, which in turn receives funds from the UK government through the CDC Group, Oando a privatized Nigerian oil company is known and called Oando plc. But to avoid paying taxes to the Nigerian government Oando carries out its investment partnerships through an offshore company known as "Ocean and Oil Mauritius", itself owned by a British Virgin Islands vehicle called "Ocean and Oil Holdings (BVI) Limited " whose well-connected investors bought their 34 percent stake in Oando from the Nigerian government in year 2000. It has been established from investigations carried out by the UK Metropolitan police that James Ibori and his schoolmate, Henry Imashekka, sent funds stolen from the sale of shares owned by the Delta State government to an offshore account, they later invested $10 million that were stolen in acquiring Notore Chemicals (formerly NAFCON). CDC and its privileged offshore co-investors in Oando earn “technical fees” of 5 percent of profits and “management fees” of 4 percent through a Nigerian company called Ocean and Oil Investments, giving them a significantly better return than standard Oando plc shareholders. In 2008, the last year for which figures are known, $8.5m was paid by Oando in this way, signed off by Oando’s auditor PricewaterhouseCoopers. Of Oando’s $91m remaining profits after these fees have been creamed off, $21m was earned by a company called Oando Trading Ltd, which boasts of being “Africa’s largest independent and privately owned oil trading company”. Except it is registered in the not-so-African tax haven of Bermuda. Unsurprisingly, the UK Private Eye’s efforts to locate some actual oil trading by Oando in Bermuda were fruitless: the contact number in Hamilton turns out to be the firm’s old administrators, called Appleby, while its new ones, the Harbour Group, could not connect the Eye to anybody with anything to do with Oando. This is of course, a crude arrangement to avoid more than $7m a year in tax – which would provide quite a few schools or hospitals in Nigeria where the company really operates through offices in Abuja and Lagos. The scheme would not work if Oando were based in a developed economy such as the UK, where tax rules prevent the more blatant scams to stuff profits into tax havens, but poorer countries such as Nigeria are more vulnerable. SEEDY CDC METROPOLITAN Police charges naming a prominent Nigerian businessman, which can be revealed following the easing of reporting restrictions on a trial scheduled for later this year, pose more questions about Britain’s international development fund CDC formerly the Commonwealth Development Corporation, and its attempts to maximise profits by entrusting taxpayer’s money to questionable private equity firms. One of the charges arising from Knacker’s long-running investigation into money laundering involving Nigeria is that a group of businessmen including Henry Imasekha “concealed, disguised, converted and transferred criminal property, namely the sum of $10m ... knowing or suspecting that the sum constituted the benefit from criminal conduct of another person ...” Henry Imasekha, it so happens, is a major shareholder and director of one of CDC’s main Nigerian investments, privatised fertilizer company Notore. CDC invested in the company in 2007 through American private equity fund manager Emerging Capital Partners, which also invested CDC’s money in a couple of other large Nigerian businesses, including privatised oil company Oando, which does a nice line in tax avoidance. CDC: Haven help us TAX avoidance, explained Treasury minister Stephen Timms to a Paris conference recently, “costs developing countries billions each year in lost revenue – a major drain on often fragile economies and a genuine barrier to economic growth. These are vital resources for schools, hospitals and infrastructure”. Perhaps he should explain this to the Department for International Development, which is busily fleecing fragile economies by sponsoring corporate tax avoidance at its development fund CDC, formerly the Commonwealth Development Corporation. Through American private equity fund Emerging Capital Partners, CDC funds a privatized Nigerian oil company called Oando plc. But it doesn’t do this directly since this might mean it and its co-investors would have to pay some tax. Instead, it invests through a mysterious company called ocean and oil Mauritius, itself owned by a British Virgin Islands vehicle called Ocean and Oil Holdings (BVI) Limited whose well-connected investors bought their 34 percent stake in Oando from the Nigerian government in 2000. Tax avoidance among CDC’s companies is unsurprising since the fund has modelled itself as a private equity investor, a structure in which tax dodging has always been an intrinsic part. But that doesn’t make the British development fund’s indulgence in the shady business any less damaging for poor countries like Nigeria. http://saharareporters.com/news-page/uk-newspaper-detail-how-oando-made-its-whopping-quarterly-n31-billion-profit-dodging-taxes?page=1 |
| Re: Ibori Hid Assets In Oando - British Prosecutor by softwareman(m): 6:35am On Sep 17, 2013 |
Francis-1:You are complete illiterate who can not distinguish between oamdo's wale tinubu tinubu and asiwaju hola tinubu. Secondly oando is an internationally listed public company, anyone can buy shares. Asiwaju tinubu travels anywhere he wants to in the world including the UK, are you saying the UK government is afraid to prosecute him too? Here in Nigeria, he left government more than 7 years ago, he does not have immunity. If you have any evidence go to EFCC. as for international crimes, he travels to the USA and the UK all the time, except of course, the UK and USA govt are afraid to prosecute him as well. Just stated this in case you are interested in facts. |
| Re: Ibori Hid Assets In Oando - British Prosecutor by DonLala1(m): 7:18am On Sep 17, 2013 |
Why are we so much in a haste to castigate and call peoples names. Ibori is facing d music because he stepped on powerful toes. If they beam d searchlight on some so called leaders like Obj himself, Atiku and even Mr President and his wife we will cry. But in all make we dey thank God. One by one God go expose dem all. None of dem have d moral ground to call d other thief or fraud. because certain laws or position dey cover ur ass doesn't mean u are clean. I rest me case. [color=#770077][/color] |
| Re: Ibori Hid Assets In Oando - British Prosecutor by jabbo(m): 7:30am On Sep 17, 2013 |
SLIDE waxie: u be MUMU... May be you are the one who doesn't know the difference. Don't you know that you can launder money through shares? Any attempt to use ill gotten wealth in a legitimate business to make the ill gotten wealth legit is MONEY LAUNDERING.... |
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