Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding (41833 Views)
Oshiomhole At John Oyegun's Daughter's Wedding (pics) / Femi Fani-kayode’s Ex-wife Steps Out With Husband At Daughter’s Wedding (pic) / Fani-kayode Distances Self From Daughter’s Wedding (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (Reply) (Go Down)
| Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by markos: 8:28pm On Apr 19, 2010 |
April 19, 2010. MediaTakeOut.com just learned that Beyonce Knowles was paid $2M . . . to sing at the wedding of Nigeria's richest man's daughter. http://mediatakeout.com/40268/mto_exclusive_beyonce_gets_2m____to_sing_at_black_princess_wedding_pics.html |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by otawa: 9:38pm On Apr 19, 2010 |
one good reason why hapless nigerians should stop using GLO, if this news is confirmed as true. |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by violent(m): 9:55pm On Apr 19, 2010 |
 I can buy a whole damn village with that! |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by Dominoifet(m): 10:02pm On Apr 19, 2010 |
@Moderator Pls move this thread to Crime 3 Likes |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by sizzlers(m): 10:43pm On Apr 19, 2010 |
Dominoifet:supported. 1 Like |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by mamagee3(f): 1:31am On Apr 20, 2010 |
So much money to spend on Nothing. |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by sizzlers(m): 6:03am On Apr 20, 2010 |
Dominoifet:supported. |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by saintneo(m): 6:46am On Apr 20, 2010 |
who is d criminal? |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by princekevo(m): 7:06am On Apr 20, 2010 |
Now this is an act typical Nigerian richman. Show off. |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by texazzpete(m): 7:23am On Apr 20, 2010 |
Can you people start using your brains for once? This has absolutely NOTHING to do with Politics. If you have an issue with how he spends his money, go find a lake and jump in it. if you need any help deciding what is appropriate for the Politics section, i suggest you go to http://www.dictionary.com and search for the meaning of the word 'Politics'. 1 Like 1 Share |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by Nobody: 7:27am On Apr 20, 2010 |
MTO is not a credible source. |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by EzeUche(m): 7:36am On Apr 20, 2010 |
Well it is his money   |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by ono(m): 7:38am On Apr 20, 2010 |
texazzpete: Very well said. |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by meggieblac: 8:24am On Apr 20, 2010 |
texazzpete:my views entirely. |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by chosen04(f): 8:41am On Apr 20, 2010 |
Dominoifet: sizzlers: Where is the crime in this post? |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by olafolarin(m): 9:29am On Apr 20, 2010 |
chosen04: Its ceiminal to spend such huge sum on frivolities when millions of highly qualified graduates are hungry and broke. That amount is enough to employ thousands of youths which will reduce Crime in the Society which will in the Long rum benefit the Rich because they can at least Sleep with their Eyes closed. |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by gabng(m): 9:37am On Apr 20, 2010 |
@ olafolarin Most times it is better do be silent than talking. Now you have spoken and it shows how limitedyour exposure and thinking is. Globcom, Equitorial Trust Bank and Conoil (both Conoil plc and Conoil Producing) employ up to if not more than 10,000 nigerians. He is not your government so stop whining like a B.I.T.C.H |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by desgiezd(m): 9:49am On Apr 20, 2010 |
olafolarin: I wonder why they wouldnt allow this man to spend his money as he desires. Since you guys have been hearing of this man, how many times have you heard that he was throwing a party or doing things like this except when he did his mother's burial. He is a very quiet person who makes his money quietly, its only Glo that has really exposed him to the public. His various companies are employing thousands of Nigerians and even also employing people outside of Nigeria. If all rich Nigerias are employing this much then the rate of unemployment in the society would have significantly reduced. |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by markos: 9:53am On Apr 20, 2010 |
iGate Inc. US (iGate) iGate is a US based technology company that is into communication technology. Sometimes in June 2003, while in Nigeria, Congressman Jefferson introduced the officials of NDTV (Otumba Fashawe, Dumebi Kachikwu and Ahmed Vanderpuije) to Vernon Jackson, the Chief Executive of iGate Inc. Through various negotiations, NDTV ultimately entered into a Distributor Agreement with iGate whereby NDTV agreed to pay iGate $44,943,400 for the rights to iGate's technology and to distribute its products in Nigeria. By January 2004 and in accordance with the agreement, NDTV paid approximately 15% or $6.5million to iGate as an advance for the right. $1.5million was initially remitted to iGate and the balance of $5million was later wired to iGate being the balance of the 15% with the remaining 85% or $38.4million expected to be financed by US EXIM bank. Business relationship between NDTV and iGate became strained towards the end of 2003 and ultimately broke off in 2004. Consequently, NDTV hired legal representative, Jean Micheal Malek, in the US to seek the refund of the $6.5million it paid iGate. The sum of $5000 was paid to the lawyer as his fee to facilitate the refund to NDTV. iGate agreed to return $4million after negotiation but only $1.7million had been refunded to NDTV through TIB, leaving a balance of $2.3million unpaid. It was at this stage that Congressman Jefferson wrote to the President in defense to an alleged petition sent to the president by Otumba Fasawe. Jefferson wrote that Mr. Vernon Jackson had told him that before the payments to iGate, the MD of NDTV, Ahmed Vanderpuije, informed him that they were expecting funds from PTDF which would be used for the payments for the contract between NDTV and iGate. After the business relationships between NDTV and iGate soured, Congressman Jefferson continued to look for an investor in telecommunication venture that would utilize iGate's technology and products. This effort yielded fruits with the agreement between Rosecom. Net, an Internet Service Provider (ISP), and iGate Inc. for the use of iGate technology to provide internet services in Nigeria over Nitel's copper wire infrastructure (Co-location). However, Nitel refused to allow the co-location agreement to subsist because it had already entered into another agreement with a Chinese based company for the same purpose. As a result of Nitel refusal, Congressman Jefferson decided to enlist the cooperation of the VP, first, for assistance in extinguishing the $2million debt to NDTV relating to the previous NDTV procurement of the right to use iGate technology in Nigeria and secondly, for assistance in gaining Nitel's cooperation for the co-collocation of iGate technology at Nitel's facilities. It is pertinent to note that on May 3, 2006, Mr. Jackson pleaded guilty to charges of conspiracy to bribe and bribery in the US. He claimed to have bribed Jefferson with more than $400,000 in cash, company stock and shares in iGate technology business ventures in Nigeria and other African countries. 7. The VP, Atiku Abubakar Atiku Abubakar is the Vice President of Nigeria and he was the one overseeing the activities of PTDF. He inaugurated the Interim Management Committee of the Fund in September 2000. He played prominent roles in the approvals for release of PTDF funds and their placements in two banks. The VP had an outstanding interest in the placement of the PTDF funds in these two banks. For one, even the $125million for the implantation of some specific projects was not utilized for that purpose, rather caused their diversion to their placements in the two banks (TIB & ETB). Prior to the placements of the PTDF funds, the VP held several meetings with either the ES alone and sometime the ES and Mike Adenuga to discuss modalities regarding the placement of the funds either in TIB or ETB. The placements were done at the detriment of the Fund as they were made at interest rates below the average CBN Minimum Rediscount Rate (MRR) even when he was strongly advised against that. The request for the release of the $20million, was predicated on the issue of the ongoing projects being executed by the Fund, whereas it was not so. The funds were released again by the VP and were sent straight to the same placement in TIB. This second release was done without the knowledge and approval of the Presidential Adviser on Petroleum and Energy, Mr. President and the FEC. As these funds were hitting the two preferred banks, "loans" were packaged by TIB, even without adequate collateral, for his long time friend and business associate, Otumba Oluwole Johnson Haliru Fashawe through NDTV and Mofas. In Mofas, one of the directors is Alhaji Adamu Abubakar, a son of the VP. Though the VP's name was not stated as a director of Marine Float, evidence abounds that the account is controlled by him. First, the VP admitted he paid N30million for the property from that account; secondly, most of the beneficiaries from the account are his friends, associates. Similarly, as the funds were hitting ETB, Otumba Mike Adenuga made $20million deposit for Globacom license, the second national carrier. A little scrutiny of the equity ownership structure of the company revealed that Otunba Mike Adenuga lied about the ownership of the company. When the transfer of the $50million by PTDF from its account in UBA Plc New York was made in ETB, Mike Adenuga gave the VP the sum of N322million (i.e N300m on 27/11/02 & N22m on 06/03/03) through his Marine Float account domiciled in Bank PHB Plc through his aides - Akinyera and Ajibade. The sum of N21m was paid to the VP through a draft raised in the name of Umar Pariya, his Personal Assistant. The VP held several meetings with the US Congressman Williams J. Jefferson both in Nigeria and abroad in relation to business ventures which included NDTV and Rosecom.Net, an ISP. When the business relationship between NDTV and iGate collapsed, his assistance was sought to extinguish the outstanding approximately $2million already paid by NDTV. Even though he denied assistance on extinguishing the amount, he accepted conveying a letter from US Congressman Jefferson to the Honourable Minister of Communication, Chief Cornelious Adebayo in relation with iGate and Rosecom.Net business venture. The VP's business interest in NDTV was confirmed when he made an initial deposit of N30million on January 7, 2003 from his Marine Float account in Bank PHB Plc for the purchase of the N200million property being used as NDTV Head Office. His interest also influenced the placement of PTDF funds in TIB from where Otunba Fashawe obtained 'loan' and completed the payment of N170million for the property at Wuse. The VP's interest in NDTV is further buttressed by the fact that he even acted as a referee to Otumba Fashawe for the sourcing of the licensing of NDTV in Nigeria Communications Commission (NCC). Ref. Appendix AB. Investigation also revealed that the VP severally met contractors of NDTV at Jada, his hometown on his interest in the company. Distinguished Senators, this is submitted for your necessary action. Thank you very much. NUHU RIBADU EXECUTIVE CHAIRMAN Economic and Financial Crimes Commission (EFCC) |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by markos: 9:53am On Apr 20, 2010 |
Equatorial Trust Bank Plc (ETB) Otumba Mike Adenuga is the Chairman of this bank and it was the second bank, where $I65million PTDF funds were fixed at various times. The first placement was on June 25, 2002 in the sum of USD50million transferred from its account in UBA Plc, New York, US. After the deposit, Mr. Mike Adenuga, an associate of the VP, paid the sum of $20million sometime in 2002 as part payment for Globacom's license. Some few months after the receipt of the $50million, Mike Adenuga, through one of his accounts called Deep Sea Ltd, gave Marine Float Ltd the sum of N300million (on 27/11/02). Deep Sea Ltd is an internal account in ETB funded by another related account, Yuletide Ventures, whose source of funds was unauthorized overdrafts granted by the bank. Another N22 million was also given to Marine Float on 06/03/03 by same Mike Adenuga through Deep Sea Ltd. These funds were transferred from Lagos to Messrs Akinyera and Ajibade in Abuja but drafts were raised in favour of Marine Float Limited. These payments showed direct benefit of the VP in ETB. There was another ETB draft of N21million issued in favour of Alhaji Umar Pariya, an aide to the VP around the same time the $50million deposit was made. Messrs Akinyera and Ajibade are close aides of Otumba Mike Adenuga just as Alhaji Umar Pariya is a close aide of Alhaji Atiku Abubakar. The trio of VP, ES of PTDF (Alhaji Yusuf Hamisu Abubakar) and Otumba Mike Adenuga met in the office/residence of the VP to discuss the placement of the USD115million in ETB by PTDF. It was at this meeting that Hamisu Yusuf Abubakar was introduced to Otumba Mike Adenuga as the chairman of ETB. Immediately after the meeting, the placement of the $115million by the PTDF in ETB followed and Mike Adenuga rolled out his Globacom Network in the country. A scrutiny of Globacom revealed its ownership structure as follow; Conpetro Limited-51%; Alhaji G. Subair-24%; Prince Babatunde Akinyera-12.5% and Festus Okechukwu Igbomor-12.5%. This is contrary to Otumba Mike Adenuga's statement of being the sole owner of the company. The given address of Alhaji G. Subair of 2/3, Dawaki Road, Kaduna, was found to be a property belonging to Mohammed Badamasi Babangida. When the other addresses of the shareholders were checked, they were found to be non-existent. Mr. Jeffrey Tesler, a business associate and friend of both Ibrahim B. Babangida and Mike Adenuga facilitated the payment of $180milion for Globacom license. Jeffrey Tesler also facilitated the granting of a loan of $700million to Con Oil, a company owned and controlled by Otunba Mike Adenuga. The ES was rewarded with a so called loan in excess of N200million by ETB after the placements of the $165million in the bank, for transportation/dealership business with Conoil, a company belonging to Otumba Mike Adenuga. The duos are now fugitive from justice. The business of banks is basically to mobilize funds (deposits) and advancing them as loans to their customers, among others, but not as unsecured and unauthorized loans that was distributed to companies, relations and politicians. It is clear that these monies were paid to companies and individuals contrary to the original intention of the so called loans |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by tkb417(m): 9:55am On Apr 20, 2010 |
LOL @ moving to criminal section no be in money ni? LOLOLOL |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by gabng(m): 10:32am On Apr 20, 2010 |
markos: @markos Ever thought why IBB is asking does accusing him of stealing the $12Bn gulf oil windfall? Well you wont find any evidence pointing to him. Its people like Adenuga that helped that money vanish. How? Well, Consolidated Oil Limited (now Conoil Producing) was how IBB used the oil blocks he appropriated to himself to drill for oil and the the earnings /royalities which were due to the FGN went into the maradona's pocket. He sure made good commission on this. What do you think would have been his own commission in the $12Bn saga. Bro do the math. I advise you not to feed your self the apparation that it was PTDF's $115M that brought about the loans that was used to setup Globacom. |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by gabng(m): 10:33am On Apr 20, 2010 |
markos: @markos Ever thought why IBB is asking does accusing him of stealing the $12Bn gulf oil windfall? Well you wont find any evidence pointing to him. Its people like Adenuga that helped that money vanish. How? Well, Consolidated Oil Limited (now Conoil Producing) was how IBB used the oil blocks he appropriated to himself to drill for oil and the the earnings /royalities which were due to the FGN went into the maradona's pocket. He sure made good commission on this. What do you think would have been his own commission in the $12Bn saga. Bro do the math. I advise you not to feed your self the apparation that it was PTDF's $115M that brought about the loans that was used to setup Globacom. |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by true2god: 12:01pm On Apr 20, 2010 |
I doubt if FBI will not investigate any american millionaire pays 2FACE 2m dollars to perform at a party. Wahala dey 4 naija, this is outrageous. i doubt if this is true. This is pure waste of money and oppression. I pray the marriage will even last cos of the past experince we'v had on this type of wedding. POWER and MONEY 2 MUCH! |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by maddock(m): 6:13pm On Apr 20, 2010 |
How much do you want him to pay Beyonce? Go and tell him maybe he might listen to you, i wonder wetin concern una with wetin he wan pay her. Shebi una get microphone, make una go sing make them pay una that much if e easy. Jobless olofofo people. 1 Like |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by Rastamann: 6:32pm On Apr 20, 2010 |
what is so special about this? This is a dim-witted post. |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by deluxecad(m): 6:34pm On Apr 20, 2010 |
Glo users will simply pay that. Haha! Money dey! |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by sulad82i(m): 6:36pm On Apr 20, 2010 |
If they can pay me that kind of money, I will sing so tayyyy, I will even bring all my family along to come and join in the chorus. Walahi my voice will be gone by the time i'm done. LMAO   |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by brauneyes: 6:40pm On Apr 20, 2010 |
Beyonce would probably do anything to get money. That girl is commercialising everything. No wonder she is married to Jay- Z |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by lagerwhenindoubt(m): 6:44pm On Apr 20, 2010 |
Dominoifet: you have got to love Nigerians!!! |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by samcc30(m): 6:56pm On Apr 20, 2010 |
hi |
| Re: Adenuga Pays Beyonce 2 Million Dollars For Daughter Wedding by Nobody: 7:00pm On Apr 20, 2010 |
I can't stop laughing. Someone on the MediaTakeout website said: "For $2 mil not only is she singing, that bytch is serving the food AND cleaning up!" Emphasis mine. If the story is true, I think it's a bit outrageous. However, it's still his money sha. |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (Reply)
1914 Amalgamation - A Historical Mistake? : Nairaland Political Debate / It Was A Slip Of Tongue - Tinubu Clarifies Gaffe At Kadinvest 7.0 / Video Of Jonathan Working Out In A Gym
(Go Up)
| Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 84 |