Onitsha monarch is Benin descendant, stop arguing and go and read Nnamdi Azikiwe autobiography. You definitely don't know Onitsha history more than the great Zik of Africa and a proud descendant of Benin.

juman:
El rufai is a devil.

Still better pass Rochas.

Spylord48:
Lol see how Rochas is sitting like a moulded Buddha sculpture.
This man is a clown eh

U dey mad sha, u don make me laff pour ofada sauce for my dress

Amma just drop this here

samuk:
Onitsha monarch is Benin descendant, stop arguing and go and read Nnamdi Azikiwe autobiography. You definitely don't know Onitsha history more than the great Zik of Africa and a proud descendant of Benin.

oya go and uproot onitsha city and put it in edo state, it will make a far better capital than benin city.

id911:
Hell Rufai, you will never be President

You, Kwankwanso and Buhari are religious bigots and extremists.

May God bless Alhaji Atiku Abukakar

so it's a fugitive that'll be president, you never jam


United States Senate Homeland Security and Governmental Affairs Committee
Permanent Subcommittee on Investigations
Investigations Subcommittee Holds Hearing on Keeping Foreign Corruption Out of the United States: Four Case Histories
Thursday, February 4, 2010
WASHINGTON – Corrupt foreign officials and their relatives have used gaps in U.S. law and the assistance of U.S. professionals to funnel millions of dollars in illicit money into the United States, an investigation by the Senate’s Permanent Subcommittee on Investigations has found.

“For the United States, which has so much riding on global stability, corruption is a direct threat to our national interest,” said Sen. Carl Levin, D-Mich., subcommittee chairman. “That’s why the United States is engaged in a relentless, worldwide battle to stop the flow of illegal money into and within places like Iraq and Afghanistan. Laundered money is used to train and provide support for terrorists and terrorism. If we want to credibly lead efforts to stop illegal money abroad, we’ve got to stop it here at home as well.”

A 330-page bipartisan report to be released by Levin and subcommittee ranking member Sen. Tom Coburn, R-Okla., at today’s hearing shows that politically powerful foreign officials, and those close to them, have found ways to use the U.S. financial system to protect and enhance their ill-gotten gains. The report exposes how those powerful individuals – known internationally as “politically exposed persons” or PEPs – have used the services of U.S. lawyers, lobbyists, real estate and escrow agents, and other professionals who currently have no obligation under U.S. regulations to establish anti-money laundering (“AML”) programs, know their customers, or evaluate the source of funds transferred into the United States. Banks, in contrast, are subject to AML obligations and for the most part have honored them. But glaring gaps have undermined the overall effectiveness of U.S. AML laws.

Four Case Histories. The report presents four case histories, each with multiple stories exposing the tactics being used by PEPs to use our financial system to protect and enhance their illicit funds. They include the following:

• $110 Million. Teodoro Obiang, the 40-year old son of the President of Equatorial Guinea, is currently under investigation by the Justice Department for corruption and other misconduct. Between 2004 and 2008, Mr. Obiang used U.S. lawyers, bankers, and real estate and escrow agents to move more than $110 million in suspect funds through U.S. bank accounts, including $30 million to purchase a residence in Malibu and $38.5 million to purchase an aircraft.

• Third Party Accounts. Mr. Obiang used shell company, attorney-client, and law office accounts controlled by his attorneys to bring suspect funds into the United States and conduct transactions through U.S. banks without their knowing of his activity, including at banks that had made it clear they did not want his business.

• Lost Escrow Business. An escrow agent who refused to complete the purchase of a $38.5 million Gulfstream jet without information on the source of the funds being supplied by Mr. Obiang, lost out to a competitor willing to complete the transaction with no questions asked.

• $18 Million Through Lobbyist Account. Omar Bongo, President of Gabon for 41 years until his death last year, and his eldest son, Ali Bongo, Minister of Defense until he took his father’s place as President of the country, amassed substantial wealth while in office, amid the extreme poverty of its citizens. In 2006, $18 million in funds from Gabon were wired to the U.S. corporate bank accounts of a U.S. lobbyist who then distributed the funds within the United States and across the globe as directed by President Bongo in connection with two projects to support his regime, buying U.S.-made armored cars and C-130 military cargo planes. Among the funds the lobbyist distributed was $9.2 million which he wire transferred to an account for President Omar Bongo – not in Gabon – but in the country of Malta.

• $1 Million Shrink Wrapped. In 2007, President Omar Bongo brought $1 million in shrink-wrapped $100 bills into the United States under cover of diplomatic immunity without declaring the cash to U.S. authorities as required by law. His daughter, who told her bank that she was an unemployed student, deposited the cash in a U.S. safe deposit box and later into her bank account.

• U.S. Trust Accounts. President Ali Bongo’s wife formed a U.S. trust under her maiden name, and used the trust to open U.S. bank and securities accounts in California.

• Offshore Wire Transfers. Jennifer Douglas, a U.S. citizen and the fourth wife of Atiku Abubakar, former Vice President and former presidential candidate in Nigeria, helped her husband bring more than $40 million in suspect funds into the United States from 2000 to 2008, through wire transfers from offshore corporations. The Securities and Exchange Commission has alleged in a 2008 civil complaint that Ms. Douglas received $2.8 million in bribe payments from a German conglomerate, Siemens AG, which has acknowledged making the payments.

• Arms Dealer. Pierre Falcone, a notorious Angolan arms dealer with a history of run-ins with the law and who is currently serving a 6-year prison sentence, had open access to more than 30 U.S. bank accounts in Arizona for 18 years.

• Central Banker. Aguinaldo Jaime, former head of the Central Bank of Angola, tried twice to transfer $50 million in Angolan government funds to a private account in the United States, only to have the transfers reversed by U.S. financial institutions who became suspicious. The corruption concerns raised by his actions caused Citibank to close all accounts for Angolan government agencies and to close down its office in Angola.

• Private Angolan Bank. Banco Africano Investimentos (“BAI”), a $7 billion private Angolan bank which caters to PEPs, gained access to the U.S. financial system through HSBC in New York, despite troubling information about its ownership and failure to provide a copy of its anti-money laundering policies and procedures.

Recommendations. To combat the abuses, the report makes several recommendations, including:
•World Bank PEP Controls. Implementing stronger controls on PEP accounts as laid out in a recent World Bank report, including by requiring banks to use reliable databases to screen clients for PEPs, requiring beneficial ownership forms for bank accounts so hidden PEPs are exposed, and conducting annual reviews of PEP accounts to detect suspicious activity.
•Beneficial Owners. Requiring U.S. corporations to identify their beneficial owners, in order to thwart the use of shell companies with hidden PEP owners.
•Ending Exemptions. Ending the exemptions Treasury granted in 2002 to the Patriot Act’s anti-money laundering requirements, so that real estate and escrow agents will have to know their customers, evaluate the source of their funds, and turn away suspect clients. Also requiring Treasury to instruct banks to subject attorney-client and law office accounts to greater oversight and stop their use to shield PEPs from scrutiny.
•Immigration and Visa Criteria. Toughening immigration and visa rules to make foreign corruption a legal basis for barring entry into the United States and for removing PEPs already here. Increasing law enforcement support for Presidential Proclamation 7750 to identify corrupt foreign officials who should be barred from the United States.
•Stronger FATF Recommendations. Encouraging U.S. professional organizations to issue anti-money laundering and anti-corruption guidance to their members.

“Stopping the flow of illegal money is critical, because foreign corruption damages civil society, undermines the rule of law, and threatens our security,” said Levin.
Media Contact
Tara Andringa, 202/228-3685
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Related Issues
•U. S. Practices Contributing to Foreign Corruption
•Shell Companies


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This clever midget is stepping up his game plan for 2019.

In the first picture,okorohausa was looking at the midget like



.






oh! no i can't believe this


Trust me,they all (politicians) know that they are up to no good

OboOlora:
U dey mad sha, u don make me laff pour ofada sauce for my dress

Lol hahahahaha funny

Don't start o.

bestview:
Obi of Onitsha is the most powerful and influential stool in the entire eastern Nigeria.

#Respect

I learned in secondary school that Igbo's are historically a Republican people and usually have 'councils' instead of Kings. But I see 'Obis and Ezes' of different lands. Can someone please explain to me what they are/represent traditionally? What is their influence/power? (In a traditional setting, assuming modern democracy didn't exist in Nigeria today).

Built2last:
This guy is a glorified hypocryte

that is our job, keep insulting our leaders as if you are better them! mteew

OyiboOyibo:
APC is a curse to Nigeria....any sensible Nigerian will vote his conscience n make Nigeria gr8 again.....#NoToApc

and vote in who?
Bro PDP APC CPC APGA ANPP AC ETC are all the same ppl switching parties to decieve d low wits,
d earlier u realize we're doomd the better for us all,our youths are the weakest in d whole world

dreamworld:

Mumu,,stop forcing Benin on us, attach by force, benin is different from igbo

Read history bro, Onitsha was founded by the son of Chima, a Benin prince.

bestview:
Obi of Onitsha is the most powerful and influential stool in the entire eastern Nigeria.

#Respect

I didn't even know the throne existed or felt his power. I came to Nairaland and started hearing his name. Same as Ooni. Over hyped things.

samuk:
Onitsha monarch is Benin descendant, stop arguing and go and read Nnamdi Azikiwe autobiography. You definitely don't know Onitsha history more than the great Zik of Africa and a proud descendant of Benin.

All the kings in southern Nigeria is benin.?
Na only una waka come? For such a small ethnic.

darkhorizon:


Read history bro, Onitsha was founded by the son of Chima, a Benin prince.

na so.
Every prince in the south is a bini prince. Yeye

I like the last photo.

How come a Benin prince bears Chima? Is that a Benin nomenclature? You guys should stop peddling falsehood.

darkhorizon:


Read history bro, Onitsha was founded by the son of Chima, a Benin prince.

Igwe!!!

Devil is short

DieBuhari:
He is looking like a crippled northern beggar.

Respect the rich so u can be rich if u kerp talking bad about them''"sorry is your name u will never be rich nd poverty will remain your PATNER' Rufai 2023 I must vote for him' most qualify

Royalty is classic.

darkhorizon:


Read history bro, Onitsha was founded by the son of Chima, a Benin prince.

Read history too, southwest Nigeria belong to benin, yorubas migrated from togo

Hahah. I laugh tire

bestview:
How come a Benin prince bear Chima? Is that a Benin nomenclature? You guys should stop peddling falsehood.

Dont really know but if you read the history of benin by gabriel egharevba,you will see that the founders of onitsha kingdom were from benin city same as agbor,warri,ekpoma.benin kingdom is the strongest kingdom in west africa,it conquered more tertitory than oyo empire and was never defeated by any other african kingdom until the british invaded them.anyway,onitsha people are a mixture of ibos,igalas and binis.the obi of onitsha is the number one king in iboland followed by the igwe of nnewi dr kenneth nwafor orizu and the igwe of awka gibson nwosu ezeuzu.nwoye would win anambra.up apc.

shallysgirl:
Nwanne woke

Onye Ogbe ebe ki bu?

umudei brother to Patybigs please don't mention my surname ooo for security purpose

All na wash

Eze Chima wasn't a Benin prince but a migrant who later returned from Benin to his home land in Onitsha. Obi of Onitsha dynasty has nothing to do with Benin.

As for Nwoye, he is already a failure.

senatordave1:

Dont really know but if you read the history of benin by gabriel egharevba,you will see that the founders of onitsha kingdom were from benin city same as agbor,warri,ekpoma.benin kingdom is the strongest kingdom in west africa,it conquered more tertitory than oyo empire and was never defeated by any other african kingdom until the british invaded them.anyway,onitsha people are a mixture of ibos,igalas and binis.the obi of onitsha is the number one king in iboland followed by the igwe of nnewi dr kenneth nwafor orizu and the igwe of awka gibson nwosu ezeuzu.nwoye would win anambra.up apc.

dreamworld:

Read history too, southwest Nigeria belong to benin, yorubas migrated from togo

Bro why are you peddling confusion here....
Oya enlighten us to clear our doubt or make us question our conviction

Lord Little Finger

dreamworld:

Read history too, southwest Nigeria belong to benin, yorubas migrated from togo

Don't distort History, the Yorubas migrated from the Middle-East. And the ruling dynasty in Benin is an off-shoot of a Yoruba Prince, then King, Oranmiyan.

Moreover, the Yoruba language was the Official Palace language of the Benin Empire till the early 1900's