https://www.transparency.org.uk/uwo-consider-today/#.W2YZ_5Uo_qB


Reminder!
Today, Unexplained Wealth Orders (UWOs) come in to force. They are a new investigative power designed to help law enforcement act on corrupt assets. This is something that Transparency International has been advocating for since 2014.

For more on what UWOs are and how they work in practice, see our brief guide here.

They are particularly useful where there is no realistic prospect of cooperation or conviction in the country of origin, but there are sufficient grounds for suspicion that an asset has been acquired with the proceeds of corruption. Based on open source information, we have pulled together five cases where we believe law enforcement should consider using UWOs in forming a case for civil recovery proceedings against potentially illicit wealth.

1. KENWOOD GATE, HAMPSTEAD LANE, LONDON

Suspected owner: First family of Azerbaijan
Estimated Value: £18 million

In 2015, the Organised Crime and Corruption Reporting Project (OCCRP) uncovered an £18 million mansion on Hampstead Lane, North London, belonging to the First family of Azerbaijan. According to Land Registry documents the mansion is owned by Beckforth Services Limited – an Isle of Man company. Official company documents from 2000 state that Beckforth was controlled by Ilham Aliyev, the country’s current President, and his wife Mehriban, who is his now Vice President. In 2012 the registered shareholder was recorded as Leyla Aliyeva, Ilham and Mehriban’s eldest daughter. Since then it has been recorded as a British Virgin Island company, Sonymore Limited, and then another Isle of Man company, Locki Limited, of which Leyla was the sole shareholder until 2014. Since then Locki’s registered shareholder has also been Sonymore and its current shareholder is itself as a trustee of another company.

At the time the property was bought Ilham Aliyev was Vice President of the country’s state-owned oil company, SOCAR, and his father was the country’s President. There is no public documentation about Ilham’s wealth or income at the time when the house was purchased. However, the First family of Azerbaijan are alleged by the OCCRP to have collected vast amounts of personal wealth by abusing their positions of power. Ilham Aliyev has been the country’s President since 2003 and currently has an official annual salary of £75,000. Although elected officials are not yet required to publish the details of their assets, latest estimates by the OCCRP claim the Aliyev family hold a global property portfolio worth at least £100 million, including £41 million in London real estate.

2. FLATS 138A AND 138B, 4 WHITEHALL COURT, LONDON

Suspected owner: Igor Shuvalov, Russian First Deputy Prime Minister
Estimated Value: £11.44 million



Photo: OCCRP

In 2014 the First Deputy Prime Minister of Russia, Igor Shuvalov, published an anti-corruption declaration which showed amongst other properties, he rented a flat in London just 10 minutes’ walk from the Houses of Parliament. Contrary to this, however, anti-corruption campaigner Alexey Navalny alleges that Shuvalov owns flats Flat 138A and Flat 138B in 4 Whitehall Court, which in total are worth £11.44 million.

Land registry documents show the properties are owned by Sova Real Estate LLC, which according to official records obtained by Navalny indicate is owned by Shuvalov and his wife. It is unclear how Shuvalov was able to afford the apartments. His 2014 asset declaration lists his official salary as £112,000 meaning it would take him 76 years to pay for these Westminster properties. The value of the flats also exceeds the joint wealth of Shuvalov and his wife, which are listed on his 2014 declaration as £634,000.

When questioned about his ownership of foreign properties, Shuvalov acknowledged that he owned a number of properties through holding companies in a 2014 interview however Navalny claims he has never spoken publicly about the London property.



https://www.transparency.org.uk/uwo-consider-today/#.W2YZ_5Uo_qB

3. DOWN HOUSE AND FAIRVIEW, CHESTNUT AVENUE, GUILDFORD

Suspected owner: Ahmed Mahmoud Azwai, former Libyan Major General
Price: £1 million



Photo: Buzzfeed News

These two properties, worth a combined value of £1 million, are owned by a British Virgin Islands (BVI) company called ATT Universal Holdings Limited. According to a Buzzfeed investigation in 2016, this BVI company is controlled by Ahmed Mahmoud Azwai, a former Major General during Muammar Qaddafi’s regime who was responsible for the country’s long-range missile stockpile.

We understand from available information that the state salary for Major General’s in the Libyan arms is around £4,000 per year. During his time in public service he did not release any declarations stating his personal assets or income.



https://www.transparency.org.uk/uwo-consider-today/#.W2YZ_5Uo_qB

4. 7 AND 8 WHITTAKER STREET, BELGRAVIA, LONDON

Suspected owner: Bukola Saraki, President Nigerian Senate
Price: £9 million and £6 million



Photo: Google Maps

Land Registry documents show that these two addresses are owned by Landfield International Developments Limited and Renocon Property Development Limited. Based on current market estimates by Zoopla, the properties are worth a combined total of around £15 million. According to data released as part of the Panama Papers, these companies were controlled by Toyin Saraki, the wife of the President of the Nigerian Senate, Bukola Saraki as well as one of his personal aides. At the time of these revelations, none of these offshore holdings were reported in Saraki’s official asset declarations.

Previous public disclosures by Saraki have indicated he has high levels of unexplained wealth. In 2003, his asset declaration showed he had amassed tens of millions of pounds worth of assets during his time as director of Société Générale Bank and Special Assistant to the President on Budget. The explanation he provided for these acquisitions was stated simply as “business”. Saraki is involved in an ongoing court case around allegations of false asset declarations from his tenure as Governor of Kwara state.

When asked by The Guardian about these properties, Saraki stated said he had declared all his assets correctly and in accordance with Nigerian legislation.



https://www.transparency.org.uk/uwo-consider-today/#.W2YZ_5Uo_qB

5. 16-16A AVENFIELD HOUSE AND 17-17A AVENFIELD HOUSE, PARK LANE, LONDON

Suspected owner: Nawaz Sharif, former Prime Minister of Pakistan
Price: At least £8 million



Land Registry documents show that these four properties are owned by two companies registered in the BVI: Nescoll Limited and Nielsen Limited. According to information published as part of the Panama Papers, these companies were controlled by the former Prime Minister of Pakistan, Nawaz Sharif. In 2017, Pakistani authorities initiated an investigation into these assets, which found that they were purchased without a mortgage between 1993 and 1995, just after Sharif reported a growth in wealth without any plausible declared source of income. *In July 2017, Sharif was removed from office after the investigation found that he had failed to disclose these properties on his official asset declaration.


https://www.youtube.com/watch?v=IH_YJH2Kt9g

https://www.transparency.org.uk/uwo-consider-today/#.W2YZ_5Uo_qB

This is from transparency international UK fighting corruption worldwide. This is no propaganda.

Source: https://www.transparency.org.uk/uwo-consider-today/#.W2YZ_5Uo_qB

Lalasticlala
Mynd44
Seun

Saraki sins are many.

buhariguy:
Saraki sins are many.

...outnumbered only by your nairaland monikers, sarrki.

Na wa o, Kwara people, hope you guys can see

Very intriguing. You do this kind of thing in Nigeria, many will label you bad belle and hater never knowing their stupidity stinks more than a ruptured septic tank.

when ortom governor of Benue state left APC we came to know about his sins now its sarki ....iam waiting for Amechi to leave APC so that we will know he is not a saint after all....

OP, this article is not new na, why did you remember it now?
Yoruba muslims sef.

not surprised saraki na smooth criminal

buhariguy:
Saraki sins are many.

what about Buhari's abominations??

LuciferChristi:




...outnumbered only by your nairaland monikers, sarrki.

Sarrki is not buhariguy.

Sarrki could not make one correct sentence if his life depended on it.

This Midolian dude abi na Meridian ni will not cease to daze me with his usual incoherent news that had longed be dusted out. Saraki is not a ghost when this same "doctored news" was flying all around the web since early this year na now day break for your eye to dey peddle am.about abi you go soon wise up by the time Saraki resumes back to the Senate on September 25 for more ass-whooping of Buhari and APC. Stay tuned my naive friend

diebuhari1:
OP, this article is not new na, why did you remember it now?
Yoruba muslims sef.

Midolian is not that smart he should go learn some more from NgeneUkwenu the real Nairaland resident king of drama and wits

Not sure what Saraki is waiting

He has people in the media and he should start the mudsling on Buhari too

lets see all the look connected to Buhari and his Family!

Ndonu101:
Not sure what Saraki is waiting

He has people in the media and he should start the mudsling on Buhari too

lets see all the look connected to Buhari and his Family!

They have tried but they couldnt pin something on the PMB.


Haha all these while something would have come up

diebuhari1:
OP, this article is not new na, why did you remember it now?
Yoruba muslims sef.

Mr Man keep quiet!!

The date is this year...whether it is new or not does not stop it from being true.....

I honestly believe that Atiku and Saraki are cut from the same cloth IPOB members wear everyday.

tomakint:
This Mi.dolian dude abi na Meridian ni will not cease to daze me with his usual incoherent news that had longed be dusted out. Saraki is not a ghost when this same "doctored news" was flying all around the web since early this year na now day break for your eye to dey peddle am.about abi you go soon wise up by the time Saraki resumes back to the Senate on September 25 for more ass-whooping of Buhari and APC. Stay tuned my naive friend

Tomakint, my boy, using your head shouldnt be a difficult task. How come you only struggle to do this when Atiku gives you peanuts? This is just a reminder for the misguided lots like you that are quick to shout witch-hunt when the courts begin to call for him again.

Not surprised you are one of those celebrating Saraki..only surprised that you can go this low after bashing him on several threads and admitting he is worse than corrupt.

midolian:


Tomakint, my boy, using your head shouldnt be a difficult task. How come you only struggle to do this when Atiku gives you peanuts? This is just a reminder for the misguided lots like you that are quick to shout witch-hunt when the courts begin to call for him again.

Not surprised you are one of those celebrating Saraki..only surprised that you can go this low after bashing him on several threads and admitting he is worse than corrupt.

look at this man ooo I am sure being smart is not in your political DNA yea it was common knowledge I hated Saraki and his style of politics then and even now but when I saw Buhari's high handedness and gross hypocrisy like you buharists also possess I have to give it to Saraki for curbing Buhari's excess and rudderless style of leadership. As it stands, Saraki is the bride every reasonable Nigerian needs to court. Keep digging my old posts you go soon tire.

tomakint:


look at this man ooo I am sure being smart is not in your political DNA yea it was common knowledge I hated Saraki and his style of politics then and even now but when I saw Buhari's high handedness and gross hypocrisy like you buharists also possess I have to give it to Saraki for curbing Buhari's excess and rudderless style of leadership. As it stands, Saraki is the bride every reasonable Nigerian needs to court. Keep digging my old posts you go soon tire.

How your life?

Hope you are warming up for another defeat in 2019?

Some of the Nigerian youths living on less than a dollar a day will make it a point of duty to insult UK first thing every morning before starting their day, for this expository act. While they do that jaki (donkey) work for Saraki, his children will continue flexing in USA and UK. God will deliver Nigerian youths!

Some of my cows will insist it is Buhari that told UK to add Saraki's name to the list.

Thieves

yeye country called nigeria

Transparency my people...

Leave Saraki London corruption.Interpol will nab him when the time comes.

OP I am still still waiting for your reply since I asked you provide answers to the below barrages of corruption breaking records in a government back home here that you're fronting for.Still waiting.
cc:midolian

Hmm......Unexplained Wealth Orders

[quote author=Betakeshi post=69993090] [/quotestop

Stop Laughing like a fool. This is a potential presidential aspirant. Nigerian youths, everything is not a joke.