we talk about money laundering, theft, embezzlement both in Federal and state who has embezzled the most and you think is richer than others

1 obj
2 shekarau
3 peter odili
4 ibori
5 orji kalu
extra
6 atiku

Tinubu
IBB
Atiku

The rest pale into insignificance compared to these three.

Beaf:

Tinubu
IBB
Atiku

The rest pale into insignificance compared to these three.

are u telling me the three ar richer dan OBY

Librate:

are u telling me the three ar richer dan OBY

Of course! Especially IBB.

Beaf:

Of course! Especially IBB.

can you throw some light on it

Obj
andy uba
peter odili
ty danjuma
ibori

Librate:

can you throw some light on it

me ma self i need some i need some clarification.

Tinubu
Turai Yaradua
IBB
Atiku
Abdulsalami Abubakar

Librate:

can you throw some light on it

Here is some pretty explosive stuff, there is much more where the exerpt came from:

The Gulf war oil windfall is Babangida’s often-referenced loot.  Abacha set up a panel headed by the highly respected economist, Pius Okigbo, in October, 1994, to reorganize the CBN.  Okigbo’s panel discovered that $12.2 billion of the $12.4 billion accruable from the Gulf War excess crude oil sales was frittered away or unaccounted for, through nebulous or phantom projects that could not be traced. Only $206 million was left in the account.

According to Okigbo, “disbursements were clandestinely undertaken while the country was openly reeling with crushing external debt overhead. These represent, no matter the initial justification for creating the account, a gross abuse of public trust. ”

John Fashanu, in a private investigation published in African Confidential early in Obasanjo’s current regime, discovered an alleged $6 billion debt buy-back scam by IBB between 1988 and 1993.  Another $14.4 billion disappeared into off shore accounts as currency stabilization and debt buy-back scheme that actually cost $2.5 billion.  One of the front-companies used, Growth Management, based in London, bought the debt for 10 cents per dollar and resold to the government at 45 cents to steal 35 cents per dollar.  Fashanu was trying to recover about $17 billion for the Nigerian government only for the CBN to say they had no records of the deals.  The records are out there abroad but cleaned out at home to conceal the (theft) deals.

Babangida was ruthless in the way he amassed his colossal wealth.  First is the illegal self-allocation of free oil, sold on the spot market. Then he initiated the corrupt culture of maintaining a huge monthly security vote virtually as personal pocket money.  Rather than repair our refineries, let alone to work at maximum capacity, IBB built private refineries in Cote d’Ivoire and the Republic of Benin, where he took our crude to refine and sell back to us as fuel.

Luscious contracts for the construction of Abuja were awarded to front-companies of his and his cronies, including Julius Berger and Arab Contractors that between them virtually single-handedly handled the construction of the new Federal Capital.  The security danger of foreign companies solely constructing a country’s capital and having access to its structural secrets, including possible Presidential underground escape routes and military arsenal volts, is mind boggling to say the least, but that is an issue for another day.

Although Babangida used mostly fictitious names for his numerous accounts abroad, EFCC could zero in on some of the accounts by following up on the dusts raised early in 2003 over the financing of his GLOBACOM.   Documents on the loan supposed to have been granted on 9 February, 2001, were dated 28 August, 2006. The original ‘loan’ letter has not been presented.  Apparently, Paribas Bank, based in Paris, was managing a slush fund from which investments in excess of US$400 million was made to buy into Alcatel (Globacom’s technical partners), Bouygues Telecoms, Peugeot and Total finaelf.

Alcatel and Parabel National of France were worried at the time that their invoices for the telecom project were being inflated to launder funds by the supposed private owners of the sources of funds and that private cheques were being issued to finance the staggering project without recourse to borrowing from banks. They suspected illegal laundering of funds and threatened to withdraw collaboration on the project while alerting Interpol to investigate the sources of the private cheques being issued to finance the project.  IBB could not participate in Obasanjo’s 2003, inauguration ceremonies, because he was allegedly out of the country sorting out the Interpol queries on the Alcatel’s slush account alert, at the time.  Even now, the telecoms’ financing details through Siemens etc, could be investigated by the EFCC tracing ghost cheques to issuing private sources of funds and their local and international banks to unravel possible laundering of funds.

There is this strong allegation among the rank and file of the armed forces, and members of the defense correspondence of our newspapers attached to the seat of power, that Babangida arranged, in the last couple of weeks before leaving office, for several armoured vehicle loads of newly printed naira notes to be delivered daily to his new Minna palatial abode obviously with the connivance of Abacha, perhaps as his mentor’s retirement benefit.  Abacha and Babangida had several serious financial problems with Abiola but one of them takes the cake.  It was over some foreign war booty amounting to US$215m.  It is alleged that Babangida had asked Abiola to help launder it when Babangida was in office but Abiola was not interested.

http://www.usafricaonline.com/2010/11/10/looting-of-nigeria-babangida-presidency-or-nigeria-dies-in-2011-by-naiwu-osahon/

Beaf,

Always impressed by the substance and detail of your propositions made a post on the outcome of the delta election tribunal check it and your comments appreciated.

Beaf,

You could add to that a whole series of military hardware contracts that were stupendously over inflated in addition to being sub standard equipment.

Details are shrouded but it wouldn't take a lot to indict him and a whole series of his cronies in the military.

1. GEJ
2. Dame Patience Jonathan
3. and Others,

As it concerns our politicians the question is not who is corrupt but WHO IS NOT CORRUPT

Bola Ahmed Tinubu - Easily comes away with the title here. He's still coining it heavily in Lagos, Ogun, Oyo, Osun and Edo States, mainly through Alpha Beta and Lekki-Epe Expressway concession, as well as Hitech Construction. He's even infiltrated the Federal Government, with the former Minister for Finance, now Minister for Trade and Investment, Olusegun Olutoyin Aganga, giving his Alpha Beta Consulting authority to collect revenue at ports in Apapa and Tincan Island!!!


The rest, in no particular order:


James Onanefe Ibori

Lucky Igbinedion

Peter Odili

Abubakar Atiku

djustice:

Bola Ahmed Tinubu - Easily comes away with the title here. He's still coining it heavily in Lagos, Ogun, Oyo, Osun and Edo States, mainly through Alpha Beta and Lekki-Epe Expressway concession, as well as Hitech Construction. He's even infiltrated the Federal Government, with the former Minister for Finance, now Minister for Trade and Investment, Olusegun Olutoyin Aganga, giving his Alpha Beta Consulting authority to collect revenue at ports in Apapa and Tincan Island!!!


The rest, in no particular order:


James Onanefe Ibori

Lucky Igbinedion

Peter Odili

Abubakar Atiku

^^^Find who to push out in that your list to accommodate the greatest of them all, Babangida. It's almost criminal to make such a list without him holding a prominent position at the top: dude makes Dangote look like a church rat . Also you have to make space for Danjuma (who at least is engaged in philanthropy to redeem himself a bit).

First 5
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IBB
OBJ
Mr & Mrs Jonathan
Tinubu
Dezaini Alisson-Madueke


Next 5
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James Onanefe Ibori
Atiku Abubakar
Abdulsalami Abubakar
Senator Ali Modu Serif
TY Danjuma


Haven't you wondered why no one has mentioned Buhari, even those that hate him more than the devil have not mentioned his name. BUHARI is the most un-corrupt politician in Nigeria, he is however not a saint because no one is actually.

some peoples we saying tinubu is a theif who can proof it? yet am not believe

Atiku,
IBB'
Obj,
Turai Yar'aduwa,
Isa Yuguda.