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Corruption: The US Senate Report That Finally Nailed Atiku Abubakar - Politics - Nairaland

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Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 8:59pm On Feb 09, 2018
PMNEWS has received a report on how Atiku was the subject of a probe ten years ago, by a United States Senate Permanent Subcommittee on Investigations, chaired by Senator Carl Levin.

The report 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.

In 2004, the then President Bush barred Atiku and other corrupt politically exposed persons from being issued visa to the United States.

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.


“It is also blamed for distorting markets, deterring investment, deepening poverty, undermining international aid efforts, and fostering crime. Some have drawn connections between corruption, failed states, and terrorism. Corruption also continues to be a massive problem. The World Bank has estimated that $1 trillion in bribes alone exchange hands worldwide each year,” the committee noted in its bulky report.

Atiku was not the only foreign Politically Exposed Person(PEP) probed by the committee. He had company in Teodoro Nguema Obiang Mangue, now the 48-year-old son of Teodoro Nguema Obiang Mbasogo, the President of Equatorial Guinea (EG), late President of Gabon, Omar Bongo and three Angolan PEP accounts, involving an Angolan arms dealer, an Angolan government official, and a small Angolan private bank.

The committee submitted its report on 4 February 2010, three years after Atiku left office.

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.
https://www.pmnewsnigeria.com/2017/12/03/corruption-us-senate-report-finally-nailed-atiku-abubakar/

4 Likes 1 Share

Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by buhariguy(m): 9:00pm On Feb 09, 2018
Idiotic pigs of Biafra president atikulate is a goner.

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by ManirBK: 9:03pm On Feb 09, 2018
Nothing good in PDP looters association do not Atikulate...
Mynd44 carry go abeg!

9 Likes 5 Shares

Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 9:04pm On Feb 09, 2018
Front page Lalastiscala!Some people who don't want to see Nigeria ever progress are advocating for this man

3 Likes 1 Share

Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 9:10pm On Feb 09, 2018
ManirBK:
Nothing good in PDP looters association do not Atikulate...
Mynd44 carry go abeg!
Nothing good can come from the nest of looters that make up the APC,PDP and OBJ third force. We need a fourth force of Nigerians with integrity to rescue the country.
Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 9:12pm On Feb 09, 2018
Association Of Past Criminals @ Work (apc) Back2daura 2019

1 Like

Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by divinehand2003(m): 9:13pm On Feb 09, 2018
Chai.

If Atiku venture becomes the president of Nigeria, there will be an astronomical rise in corruption that this country hasn't witness before.

8 Likes 3 Shares

Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Ratello: 9:15pm On Feb 09, 2018
grin cheesy grin grin cheesy grin cheesy I knew you will fall for the trap at least deji17 was smarter not to dig this stale and unverified news from PMNews up grin grin grin cheesy cheesy and you wondered why The Guardian, The Sun, vanguard, Punch and other reasonable news outlets suddenly ignored this old and stale news but PMNews? cheesy

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 9:16pm On Feb 09, 2018
divinehand2003:
Chai.

If Atiku venture becomes the president of Nigeria, the will be an astronomical rise in corruption that this country hasn't witness before.
He will do what Tinubu is doing in Lagos state,corner land,property,concession Lekki expressway so his company(LCC) can collect tolls and collect Lagos state taxes through his company Alpha Beta

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by divinehand2003(m): 9:16pm On Feb 09, 2018
DUTCHDON:

Nothing good can come from the nest of looters that make up the APC and PDP and OBJ third force. We need a fourth force of Nigerians with integrity to rescue the country.

My brother, if you like, put 100 forces there, Nigeria is already a failed state. Even the youth that you are banking on are aggressively and earnestly waiting to loot what's left of the national cake.

What we need to forge ahead is reorientation, reorganization, rediscovery, self determination and maybe re-colonization. Our brains need resetting and deliverance from the demons of corruption, nepotism, tribalism, ethnic jingoism, religious bigotry and ancestral curses.

In conclusion, NIGERIA NEEDS REBIRTH.

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Ratello: 9:16pm On Feb 09, 2018
samwhite18:
Association Of Past Criminals @ Work (apc)
Back2daura 2019

We know their game plans very lame and funny approach to grey matters

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 9:18pm On Feb 09, 2018
Ratello:
grin cheesy grin grin cheesy grin cheesy I knew you will fall for the trap at least deji17 was smarter not to dig this stale and unverified news from PMNews up grin grin grin cheesy cheesy and you wondered why The Guardian, The Sun, vanguard, Punch and other reasonable news outlets suddenly ignored this old and stale news but PMNews? cheesy
Read the United States Senate report or download the report from their website.
https://www.gpo.gov/fdsys/pkg/CHRG-111shrg56840/html/CHRG-111shrg56840.htm

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 9:20pm On Feb 09, 2018
divinehand2003:


My brother, if you like, put 100 forces there, Nigeria is already a failed state. Even the youth that you are banking on are aggressively and earnestly waiting to loot what's left of the national cake.

1 Like

Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Toosure70: 9:20pm On Feb 09, 2018
OBJ must surely laugh last.

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Ratello: 9:21pm On Feb 09, 2018
DUTCHDON:

Read the United States Senate report or download the report from their website.
https://www.gpo.gov/fdsys/pkg/CHRG-111shrg56840/html/CHRG-111shrg56840.htm

Probably you thought I be learner bah? I have read what needs to be read on this issue and even deeper yet Atiku was never indicted, Yea you heard me right, he was never indicted both home and abroad. PM News? grin grin grin cheesy grin

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by jumobi1(m): 9:22pm On Feb 09, 2018
APC didn’t know this when they welcomed him and his money into APC. Nigerians shine your eyes and say NO to APC and PDP.

6 Likes 1 Share

Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by GavelSlam: 9:24pm On Feb 09, 2018
jumobi1:
APC didn’t know this when they welcomed him and his money into APC. Nigerians shine your eyes and say NO to APC and PDP.

Why do you think he was made inactive within the party?

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 9:25pm On Feb 09, 2018
Ratello:


Probably you thought I be learner bah? I have read what needs to be read on this issue and even deeper yet Atiku was never indicted, Yea you heard me right, he was never indicted both home and abroad. PM News? grin grin grin cheesy grin
Let him travel to United States then. Why didn't you read the United States senate report?Account numbers are mentioned and the amounts to the last cent of laundered money($40 million dollars) through shell companies and a $2 million dollar bribe from Siemens are mentioned. Here is the link
https://www.gpo.gov/fdsys/pkg/CHRG-111shrg56840/html/CHRG-111shrg56840.htm

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by GavelSlam: 9:25pm On Feb 09, 2018
Such a criminal can never lead Nigeria.

PDP should shop for a new candidate.

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Ratello: 9:27pm On Feb 09, 2018
DUTCHDON:

Let him travel to United States then. Why didn't you read the United States senate report?Account numbers are mention and the amounts to the last cent of laundered money and bribes from Siemens are mentioned.

Be a man and paste the whole thing here and let those who can understand read and interprete to you.

2 Likes

Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 9:27pm On Feb 09, 2018
Ratello:


Be a man and paste the whole thing here and let those who can understand read and interprete to you.
https://www.gpo.gov/fdsys/pkg/CHRG-111shrg56840/html/CHRG-111shrg56840.htm
Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 9:30pm On Feb 09, 2018
jumobi1:
APC didn’t know this when they welcomed him and his money into APC. Nigerians shine your eyes and say NO to APC and PDP.
PDP and APC both signed a pact to make sure Nigeria stays a fantastically corrupt shithole.
Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 9:33pm On Feb 09, 2018
Toosure70:
OBJ must surely laugh last.
OBJ is a bigger looter than Atiku he was indicted in French and American court documents for Halliburton bribery.Also, he spent $16 billion on electricity to give us darkness.

5 Likes

Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by GavelSlam: 9:35pm On Feb 09, 2018
DUTCHDON:

OBJ is a bigger looter than Atiku he was indicted in French and American court documents for Halliburton bribery.Also, he spent $16 billion on electricity to give us darkness.

And Atiku has no role in all this?

2 Likes

Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 9:41pm On Feb 09, 2018
GavelSlam:


And Atiku has no role in all this?
He was also indicted in the Halliburton bribery alongside Abdulsalami Abubakar and many others such as Don Etiebet and about a dozen more people.

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 9:47pm On Feb 09, 2018
Ratello:


Be a man and paste the whole thing here and let those who can understand read and interprete to you.
Waiting for your reply

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by 9jaArea: 9:51pm On Feb 09, 2018
divinehand2003:
Chai.

If Atiku venture becomes the president of Nigeria, there will be an astronomical rise in corruption that this country hasn't witness before.
Right on point

1 Like

Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by enyi1: 9:52pm On Feb 09, 2018
Atiku2019
Atikulate
Come and defend your paymaster.

2 Likes 1 Share

Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 9:54pm On Feb 09, 2018
Ratello:


Probably you thought I be learner bah? I have read what needs to be read on this issue and even deeper yet Atiku was never indicted, Yea you heard me right, he was never indicted both home and abroad. PM News? grin grin grin cheesy grin
Let him come to the United States and if he goes back to Nigeria without any issue, then I will fly back to Nigeria during elections to vote for him

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 1:02am On Feb 10, 2018
9jaArea:

Right on point
smiley
Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Ratello: 7:53am On Feb 10, 2018
DUTCHDON:

He was also indicted in the Halliburton bribery alongside Abdulsalami Abubakar and many others such as Don Etiebet and about a dozen more people.

Most times I just let people be even in their ignorance showmanship. I ask a simple question 'where and when was Atiku indicted and stopped from travelling to the United States on both the Haliburton and Siemens case"? And till now you are still disturbing my mentions with baseless claims from unverifiable links and sources. Atiku is a big fish in Nigeria and when a corruption case of that magnitude (running into millions of dollars) is committed in an American soil, common sense should tell you that the US Attorney may have to get the Interpol attention to it and the news will be all over the world like Ibori's and Senator Buruji's case which means Atiku would have been extradited to US to face trials by writing the FG for permission. Nigeria had paraded 3 Presidents since Atiku left power in 2007 yet nothing of such. I am only helping you to think straight that Atiku was accused but never indicted both home and abroad on any corruption cases unfortunately you are programmed upstairs with your fellow mates to keep bleating "Atiku is corrupt, Atiku cannot enter US"! I hope you clowns know that Atiku had no immunity since 2007. Oya start digging for more evidences where Atiku was indicted or convicted genuinely from a reasonable source. Please don't disappoint this time around.

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Re: Corruption: The US Senate Report That Finally Nailed Atiku Abubakar by Nobody: 9:13am On Feb 10, 2018
Ratello:


Most times I just let people be even in their ignorance showmanship. I ask a simple question 'where and when was Atiku indicted and stopped from travelling to the United States on both the Haliburton and Siemens case"? And till now you are still disturbing my mentions with baseless claims from unverifiable links and sources. Atiku is a big fish in Nigeria and when a corruption case of that magnitude (running into millions of dollars) is committed in an American soil, common sense should tell you that the US Attorney may have to get the Interpol attention to it and the news will be all over the world like Ibori's and Senator Buruji's case which means Atiku would have been extradited to US to face trials by writing the FG for permission. Nigeria had paraded 3 Presidents since Atiku left power in 2007 yet nothing of such. I am only helping you to think straight that Atiku was accused but never indicted both home and abroad on any corruption cases unfortunately you are programmed upstairs with your fellow mates to keep bleating "Atiku is corrupt, Atiku cannot enter US"! I hope you clowns know that Atiku had no immunity since 2007. Oya start digging for more evidences where Atiku was indicted or convicted genuinely from a reasonable source. Please don't disappoint this time around.
Why don’t you dispute contents of the United States Senate report?Clown!

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