A United States Senate Permanent Subcommittee on Investigations has detailed how Atiku Abubakar while still the vice president of Nigeria between 2000 and 2008, used offshore companies to siphon millions of dollars to his fourth wife in the United States, Jennifer Douglas.

Specifically, the report said Jennifer Douglas, an American citizen, helped her husband bring over $40 million in suspect funds into the United States through wire transfers sent by offshore corporations to U.S. bank accounts.

The US Senate probe was motivated by US government concern about corruption in the Third World and its corrosive effects on the development of honest government, democratic principles, and the rule of law.

The report unveiled violations of US laws by Atiku and his fourth wife, Jennifer Douglas. It also included revelations about Siemens bribe paid into one of the accounts, and it possibly provided the basis for Atiku being barred from entering the United States, since then.

This Report examines how politically powerful foreign officials, their relatives, and close associates – referred to in international agreements as Politically Exposed Persons (PEPs) – have used the services of U.S. professionals and financial institutions to bring large amounts of suspect funds into the United States to advance their interests. Using four case histories, this Report shows how some PEPs have used U.S. lawyers, real estate and escrow agents, lobbyists, bankers, and even university officials, to circumvent U.S. anti-money laundering and anti- corruption safeguards. This Report also offers recommendations to stop the abuses.

Here is a summary of the report:

Atiku Case History.

From 2000 to 2008, Jennifer Douglas, a U.S. citizen and the fourth wife of Atiku Abubakar, former Vice President and former candidate for President of Nigeria, helped her husband bring over $40 million in suspect funds into the United States through wire transfers sent by offshore corporations to U.S. bank accounts.

In a 2008 civil complaint, the U.S. Securities and Exchange Commission alleged that Ms. Douglas received over $2 million in bribe payments in 2001 and 2002, from Siemens AG, a major German corporation.

While Ms. Douglas denies wrongdoing, Siemens has already pleaded guilty to U.S. criminal charges and settled civil charges related to bribery and told the Subcommittee that it sent the payments to one of her U.S. accounts.

In 2007, Mr. Atiku was the subject of corruption allegations in Nigeria related to the Petroleum Technology Development Fund.
Of the $40 million in suspect funds, $25 million was wire transferred by offshore corporations into more than 30 U.S. bank accounts opened by Ms. Douglas, primarily by Guernsey Trust Company Nigeria Ltd., LetsGo Ltd. Inc., and Sima Holding Ltd.

The U.S. banks maintaining those accounts were, at times, unaware of her PEP status, and they allowed multiple, large offshore wire transfers into her accounts. As each bank began to question the offshore wire transfers, Ms. Douglas indicated that all of the funds came from her husband and professed little familiarity with the offshore corporations actually sending her money.

When one bank closed her account due to the offshore wire transfers, her lawyer helped convince other banks to provide a new account. In addition, two of the offshore corporations wire transferred about $14 million over five years to American University in Washington, D.C., to pay for consulting services related to the development of a Nigerian university founded by Mr. Atiku Abubakar.

American University accepted the wire transfers without asking about the identity of the offshore corporations or the source of their funds, because under current law, the University had no legal obligation to inquire.

Visit link for more:

www.hsgac.senate.gov/download/report-psi-staff-report-keeping-foreign-corruption-out-of-the-united-states-four-case-histories&us

I'm well Atikulated

Adaowerri111:
I'm well Atikulated

As the name suggest ATIKU - LATE (you cant come last and want to be first)

Serial crook!

[s]

olamimd:

A United States Senate Permanent Subcommittee on Investigations has detailed how Atiku Abubakar while still the vice president of Nigeria between 2000 and 2008, used offshore companies to siphon millions of dollars to his fourth wife in the United States, Jennifer Douglas.

Specifically, the report said Jennifer Douglas, an American citizen, helped her husband bring over $40 million in suspect funds into the United States through wire transfers sent by offshore corporations to U.S. bank accounts.

The US Senate probe was motivated by US government concern about corruption in the Third World and its corrosive effects on the development of honest government, democratic principles, and the rule of law.

The report unveiled violations of US laws by Atiku and his fourth wife, Jennifer Douglas. It also included revelations about Siemens bribe paid into one of the accounts, and it possibly provided the basis for Atiku being barred from entering the United States, since then.

This Report examines how politically powerful foreign officials, their relatives, and close associates – referred to in international agreements as Politically Exposed Persons (PEPs) – have used the services of U.S. professionals and financial institutions to bring large amounts of suspect funds into the United States to advance their interests. Using four case histories, this Report shows how some PEPs have used U.S. lawyers, real estate and escrow agents, lobbyists, bankers, and even university officials, to circumvent U.S. anti-money laundering and anti- corruption safeguards. This Report also offers recommendations to stop the abuses.

Here is a summary of the report:

Atiku Case History.

From 2000 to 2008, Jennifer Douglas, a U.S. citizen and the fourth wife of Atiku Abubakar, former Vice President and former candidate for President of Nigeria, helped her husband bring over $40 million in suspect funds into the United States through wire transfers sent by offshore corporations to U.S. bank accounts.

In a 2008 civil complaint, the U.S. Securities and Exchange Commission alleged that Ms. Douglas received over $2 million in bribe payments in 2001 and 2002, from Siemens AG, a major German corporation.

While Ms. Douglas denies wrongdoing, Siemens has already pleaded guilty to U.S. criminal charges and settled civil charges related to bribery and told the Subcommittee that it sent the payments to one of her U.S. accounts.

In 2007, Mr. Atiku was the subject of corruption allegations in Nigeria related to the Petroleum Technology Development Fund.
Of the $40 million in suspect funds, $25 million was wire transferred by offshore corporations into more than 30 U.S. bank accounts opened by Ms. Douglas, primarily by Guernsey Trust Company Nigeria Ltd., LetsGo Ltd. Inc., and Sima Holding Ltd.

The U.S. banks maintaining those accounts were, at times, unaware of her PEP status, and they allowed multiple, large offshore wire transfers into her accounts. As each bank began to question the offshore wire transfers, Ms. Douglas indicated that all of the funds came from her husband and professed little familiarity with the offshore corporations actually sending her money.

When one bank closed her account due to the offshore wire transfers, her lawyer helped convince other banks to provide a new account. In addition, two of the offshore corporations wire transferred about $14 million over five years to American University in Washington, D.C., to pay for consulting services related to the development of a Nigerian university founded by Mr. Atiku Abubakar.

American University accepted the wire transfers without asking about the identity of the offshore corporations or the source of their funds, because under current law, the University had no legal obligation to inquire.

Visit link for more:

www.hsgac.senate.gov/download/report-psi-staff-report-keeping-foreign-corruption-out-of-the-united-states-four-case-histories&us

[/s] ANOTHER TRASH FOR THE BINS

Time for slander, libel, scruilious and malicious talks



Sai atiku

bedspread:
[s][/s] ANOTHER TRASH FOR THE BINS

I WONDER WHEN ALL THESE ATIKULATEOBI PEOPLE WILL CLEARLY SEE THE HANDWRITING ON THE WALL. RECORDS ARE THERE FOR PUBLIC CONSUMPTION. YET YOU PEOPLE STILL SHOUTING ATIKULATE! ATIKULATE!! ATIKULATE!!! THIS MAN IS A BLOODY THIEF BAN FROM GAINING ENTRANCE TO THE US.

forgiveness:
Serial crook!

We will still vote for him.

BeardedMeat:
We will still vote for him.

It's your civil right to choose. As for me, sai Buhari!

olamimd:


I WONDER WHEN ALL THESE ATIKULATEOBI PEOPLE WILL CLEARLY SEE THE HANDWRITING ON THE WALL. RECORDS ARE THERE FOR PUBLIC CONSUMPTION. YET YOU PEOPLE STILL SHOUTING ATIKULATE! ATIKULATE!! ATIKULATE!!! THIS MAN IS A BLOODY THIEF BAN FROM GAINING ENTRANCE TO THE US.

Leave am for us. The Lifeless one that went to US, what did he come back with... more disgrace for Nigeria.

forgiveness:


It's your civil right to choose. As for me, sai Jubril the Lifeless one!

BeardedMeat:

Hahahaha! Na you sabi. Sai bubu!

BeardedMeat:
Leave am for us. The Lifeless one that went to US, what did he come back with... more disgrace for Nigeria.

That is not even the bone of contention. The issue here is why will a sane person certify a known criminal as a ruler. ATIKULATE MY FOOT. So desperate. Started with SDP (during Abiola's time, came third in primary), PDP as a governor elect, and later as VP, then to APC, back to PDP (and still formed a back-up party in PDM), came back to APC (lost to Buhari), and now back to PDP. Na by force to rule. Remember he will still need to recuperate the millions of dollars he lavished on PDP delegates to win primary. Kai Naija make una shine una eyes o.

olamimd:


That is not even the bone of contention. The issue here is why will an insane person certify a known criminal as a ruler. ATIKULATE MY FOOT. So desperate. Started with SDP (during Abiola's time, came third in primary), PDP as a governor elect, and later as VP, then to APC, back to PDP (and still formed a back-up party in PDM), came back to APC (lost to Buhari), and now back to PDP. Na by force to rule. Remember he will still need to recuperate the millions of dollars he lavished on PDP delegates to win primary. Kai Naija make una shine una eyes o.

i will. vote for atiku

With this Right Up, I am more Atikulated..

olamimd:


That is not even the bone of contention. The issue here is why will an insane person certify a known criminal as a ruler. ATIKULATE MY FOOT. So desperate. Started with SDP (during Abiola's time, came third in primary), PDP as a governor elect, and later as VP, then to APC, back to PDP (and still formed a back-up party in PDM), came back to APC (lost to Buhari), and now back to PDP. Na by force to rule. Remember he will still need to recuperate the millions of dollars he lavished on PDP delegates to win primary. Kai Naija make una shine una eyes o.

Did he break any known law by doing that?

Didn't jubril from Sudan cry and swore on TV not to contest again? Didn't he go back to his vomit!

Didn't elrufai tell us buhari was not electable?

Now that's not even the point. The point is that buhari was not what people thought he was before becoming president.

He has been demystified and exposed as clueless, tardy, clannish, corrupt, clumsy, uncouth, bigoted and terminally ill.

Give us Corruption and Take your Change

benoski20:
Give us Corruption and Take your Change

For Real! Are you serious at all?

BeardedMeat:
Did he break any known law by doing that?

Didn't jubril from Sudan cry and swore on TV not to contest again? Didn't he go back to his vomit!

Didn't elrufai tell us buhari was not electable?

Now that's not even the point. The point is that buhari was not what people thought he was before becoming president.

He has been demystified and exposed as clueless, tardy, clannish, corrupt, clumsy, uncouth, bigoted and terminally ill.

I understand you and am not holding brief for Bubu but a tardy bubu is far better than a speedy unscrupulous larcenist like Atiku.

olamimd:


That is not even the bone of contention. The issue here is why will a sane person certify a known criminal as a ruler. ATIKULATE MY FOOT. So desperate. Started with SDP (during Abiola's time, came third in primary), PDP as a governor elect, and later as VP, then to APC, back to PDP (and still formed a back-up party in PDM), came back to APC (lost to Buhari), and now back to PDP. Na by force to rule. Remember he will still need to recuperate the millions of dollars he lavished on PDP delegates to win primary. Kai Naija make una shine una eyes o.

How was jubrils 2014 primaries and subsequent election funded? You have just started wailing Baba

olamimd:


I understand you and am not holding brief for Bubu but a tardy bubu is far better than a speedy unscrupulous larcenist like Atiku.

Bubu the Lifeless one? The dead man himself. 11 million jobs lost under him. Nigeria more corrupt now than ever before. 12 million outta School children. A president presiding over two categories of citizens (5% and 97%)is not a worthy leader. A president that looked the other way while his tribesman in search of economic development kill, maim,and sack citizens from their ancestry.

A PRESIDENT WHO TOLD NIGERIANS TO SURRENDER THEIR LANDS TO THOSE KILLING THEM OR FACE MORE KILLINGS.

HABA!! jubril must go I swear!

BMC keeps on hammering on atiku's corruption as if buhari too isn't corrupt. Aside from being corrupt, buhari also protects corrupt people

julaion:
i will. vote for atiku

nelcliff:
With this Right Up, I am more Atikulated..

Even if 30 million of you vote for Atiku,

we will do it the PDP way,

we will write the results and announce.

And we shall wait for you in court!

Take that!




Nonsense!
Nobody has got the monopoly of making stupiid statements.

tesppidd:


Even if 30 million of you vote for Atiku,

we will do it the PDP way,

we will write the results and announce.

And we shall wait for you in court!

Take that!




Nonsense!
Nobody has got the monopoly of making stupiid statements.

See how you just displayed your stupidity to the general public.

[s]

olamimd:


I WONDER WHEN ALL THESE ATIKULATEOBI PEOPLE WILL CLEARLY SEE THE HANDWRITING ON THE WALL. RECORDS ARE THERE FOR PUBLIC CONSUMPTION. YET YOU PEOPLE STILL SHOUTING ATIKULATE! ATIKULATE!! ATIKULATE!!! THIS MAN IS A BLOODY THIEF BAN FROM GAINING ENTRANCE TO THE US.

[/s]
No wahala!! If USA is your Problem Obi will go

bedspread:
[s][/s]
No wahala!! If USA is your Problem Obi will go

See talk o. See the way Atiku will be grabbed if he attempt to enter the US.