Atiku’s lawyer, son-in-law used Intels West Africa, firms to launder €150m


Bureau de change operators and other suspects allegedly involved in the laundering of €150m have told the Economic and Financial Crimes Commission how Atiku Abubakar’s lawyer, Uyiekpen Osagie-Giwa, and the ex-Vice-President’s son-in-law, Abdullahi Babalele, used an offshore firm, Intels West Africa, and shell companies to launder millions of dollars.


Osagie-Giwa and Babalele, who have been arrested by the EFCC, allegedly attempted to use money to induce voters to vote Atiku, who represented the Peoples Democratic Party in the February 23 presidential poll.

Following an intelligence report that some certain politicians and their associates were attempting to convert huge foreign currencies into naira to influence the elections, the EFCC set up a special team to monitor the activities of bureau de change operators in the country.

According to reports, the team thereafter made contacts with major BDC companies and got information that $1.6m brought from Abuja had been given to a popular bureau de change operator on Lagos Island identified as Lawal Abdullahi of Three Brothers BDC for the purpose of converting same to naira.

Our correspondent learnt the EFCC officials arrested two BDC operators, Abdullahi Shehu, working with Abdullahi Munaciki of Hasbunallahu BDC, Abuja, and Lawal Abdullahi of Three Brothers.

It was learnt that the team recovered the said $1.6m, but $141,000 had already been exchanged, while the balance of $1.459,000 could not be exchanged due to naira scarcity in the market.


Further investigations regarding the ownership as well as the source of the money revealed that Hasbunallahu BDC, who is also the owner of Clean and Integrity Services, received three transfers amounting to $5m on February 1, 4 and 14, 2019 from Guernsey Trust Company Nigeria Limited, an investment company being managed by Giwa-Osagie in trust.

The preliminary report of the investigation dated March 1, read, “On February 1, Abdullahi Munaciki received a transfer of $500,000 in his GTB dollar account named, Clean & Integrity Services Ltd., account number, 325/391103/2/1/0. The transfer came from Giwa-Osagie.

“On February 4, another transfer in the sum of $1.5m was received into Clean & Integrity Services GTB account from the company account of Guernsey Trust in Keystone Bank on the instruction of Giwa-Osagie.”

It added, “The third transfer was made on February 14, 2019 in the sum of $3m similarly from Guernsey Trust Company Ltd. account in GTB.”

The report also said the anti-graft body’s investigations into Guernsey Trust’s transactions showed that the company received two inflows of €13.050m on January 9 and €13m on January 28, 2019, totalling €26.050m from Intels West Africa Limited into its Keystone Bank’s euro account number 1002523061.

Further investigations indicated that the said euro inflows were converted to dollars and transferred in tranches of $14,362,500; $14,977,194.13 and $1m to Guernsey Trust’s dollar account number 1003057653 in Keystone Bank between January 11 and February 12, 2019.

Investigations also revealed that various transfers in millions of dollars and cash payments were subsequently made to various individuals and companies.

The suspects were also said to have told investigators that Guernsey Trust paid $750,000 to Bluebeam Capital Ltd. on January 18. The money was subsequently transferred to BLK Prestige Investment account in UBA, Zambia, while the naira equivalent was paid into the account of Andrew Pitchford Ltd by Spring Creek Ltd. on behalf of Bluebeam Capital Ltd. Babalele was said to be the signatory to Pitchford’s bank account.

Also on January 18, Root Capital Ltd. Allegedly received $1m into its Keystone Bank account from Guernsey Trust’s account in the same bank. Thereafter, the naira equivalent was paid into Andrew Pitchford account by Spring Creek on behalf of Root Capital Ltd.

On January 29, Guernsey Trust paid $2.065,934 into Root Capital Limited’s Keystone Bank account, and the naira equivalent in the sum of $856,569,200 was paid in tranches to Andrew Pitchford account by one Erhunse Giwa-Osagie, a brother to Atiku’s lawyer.

The EFCC report further listed the various companies which received various amounts of money from Erhunse on the instructions of his brother.


It said, “The sum of N100m was transferred to INK Business Design; the sum of N520m was transferred to Afritech Utilities Ltd.; N100m was transferred to Drum Roll Nig. Ltd.; N5m to Town Talk Ltd.; N200m to Re-Ignite Ltd.; N500m to Adama Beverages Ltd.; N289.8m was transferred to the personal accounts of Uyiekpen Giwa-Osagie while Erhunse used N724m to purchase $2m and handed over same to someone in cash whose name has yet to be revealed.”


https://punchng.com/atikus-lawyer-son-in-law-used-intels-wafrica-firms-to-launder-e150m-report/

Intels again? A criminal firm

one day one day e go better for naija.

I know it, there is no smoke without fire. these unscrupulous PDP will be perpetrating evils when the die is cast they starts to cry fouls. linking the arrest to politics. when you do the crime you be ready to do the time. only their gullible followers takes them serious anymore. Tueh!

Na so...
Za witch hunt begins

So you mean all these dollars have been flying around and nothing reach me?!

Last-last Ashewo no be work!

This is the worst government ever world wide. Buhari is world best world government if there is anything like that.

How can you throw allegation to the media without verification and court judgement and you call yourself a national crime fighting organization?

Media trial is juggle justice.

If Atiku had won the election the country would have witnessed grand looting of the treasure the type that will make the looting in Jonathan government look like a child play.

soulpeppersoup:
This is the worst government ever world wide. Buhari is world best world government if there is anything like that.

How can you throw allegation to the media without verification and court judgement and you call yourself a national crime fighting organization?

Media trial is juggle justice.

Did you read it at all to realize that is newspaper report from punch which is normal in any country, or should the media not carry reports on pdp activities again?

Bobby4090:
Atiku’s lawyer, son-in-law used Intels West Africa, firms to launder €150m


Bureau de change operators and other suspects allegedly involved in the laundering of €150m have told the Economic and Financial Crimes Commission how Atiku Abubakar’s lawyer, Uyiekpen Osagie-Giwa, and the ex-Vice-President’s son-in-law, Abdullahi Babalele, used an offshore firm, Intels West Africa, and shell companies to launder millions of dollars.


Osagie-Giwa and Babalele, who have been arrested by the EFCC, allegedly attempted to use money to induce voters to vote Atiku, who represented the Peoples Democratic Party in the February 23 presidential poll.

Following an intelligence report that some certain politicians and their associates were attempting to convert huge foreign currencies into naira to influence the elections, the EFCC set up a special team to monitor the activities of bureau de change operators in the country.

According to reports, the team thereafter made contacts with major BDC companies and got information that $1.6m brought from Abuja had been given to a popular bureau de change operator on Lagos Island identified as Lawal Abdullahi of Three Brothers BDC for the purpose of converting same to naira.

Our correspondent learnt the EFCC officials arrested two BDC operators, Abdullahi Shehu, working with Abdullahi Munaciki of Hasbunallahu BDC, Abuja, and Lawal Abdullahi of Three Brothers.

It was learnt that the team recovered the said $1.6m, but $141,000 had already been exchanged, while the balance of $1.459,000 could not be exchanged due to naira scarcity in the market.


Further investigations regarding the ownership as well as the source of the money revealed that Hasbunallahu BDC, who is also the owner of Clean and Integrity Services, received three transfers amounting to $5m on February 1, 4 and 14, 2019 from Guernsey Trust Company Nigeria Limited, an investment company being managed by Giwa-Osagie in trust.

The preliminary report of the investigation dated March 1, read, “On February 1, Abdullahi Munaciki received a transfer of $500,000 in his GTB dollar account named, Clean & Integrity Services Ltd., account number, 325/391103/2/1/0. The transfer came from Giwa-Osagie.

“On February 4, another transfer in the sum of $1.5m was received into Clean & Integrity Services GTB account from the company account of Guernsey Trust in Keystone Bank on the instruction of Giwa-Osagie.”

It added, “The third transfer was made on February 14, 2019 in the sum of $3m similarly from Guernsey Trust Company Ltd. account in GTB.”

The report also said the anti-graft body’s investigations into Guernsey Trust’s transactions showed that the company received two inflows of €13.050m on January 9 and €13m on January 28, 2019, totalling €26.050m from Intels West Africa Limited into its Keystone Bank’s euro account number 1002523061.

Further investigations indicated that the said euro inflows were converted to dollars and transferred in tranches of $14,362,500; $14,977,194.13 and $1m to Guernsey Trust’s dollar account number 1003057653 in Keystone Bank between January 11 and February 12, 2019.

Investigations also revealed that various transfers in millions of dollars and cash payments were subsequently made to various individuals and companies.

The suspects were also said to have told investigators that Guernsey Trust paid $750,000 to Bluebeam Capital Ltd. on January 18. The money was subsequently transferred to BLK Prestige Investment account in UBA, Zambia, while the naira equivalent was paid into the account of Andrew Pitchford Ltd by Spring Creek Ltd. on behalf of Bluebeam Capital Ltd. Babalele was said to be the signatory to Pitchford’s bank account.

Also on January 18, Root Capital Ltd. Allegedly received $1m into its Keystone Bank account from Guernsey Trust’s account in the same bank. Thereafter, the naira equivalent was paid into Andrew Pitchford account by Spring Creek on behalf of Root Capital Ltd.

On January 29, Guernsey Trust paid $2.065,934 into Root Capital Limited’s Keystone Bank account, and the naira equivalent in the sum of $856,569,200 was paid in tranches to Andrew Pitchford account by one Erhunse Giwa-Osagie, a brother to Atiku’s lawyer.

The EFCC report further listed the various companies which received various amounts of money from Erhunse on the instructions of his brother.


It said, “The sum of N100m was transferred to INK Business Design; the sum of N520m was transferred to Afritech Utilities Ltd.; N100m was transferred to Drum Roll Nig. Ltd.; N5m to Town Talk Ltd.; N200m to Re-Ignite Ltd.; N500m to Adama Beverages Ltd.; N289.8m was transferred to the personal accounts of Uyiekpen Giwa-Osagie while Erhunse used N724m to purchase $2m and handed over same to someone in cash whose name has yet to be revealed.”


https://punchng.com/atikus-lawyer-son-in-law-used-intels-wafrica-firms-to-launder-e150m-report/

This country is gutted. Double standard everywhere. Atiku's in-law and Tinubu both moved money. Atiku's in-law was arrested by the EFCC while Tinubu is as free as air. Is that how countries are run and they end up being great countries? We want to see prosecutions not persecutions. At this rate, the country can never move forward. We will just keep moving in circles.

I am waiting for someone to comment about Burdillon Street Bullion vans.
That's their memory verse.

and Tinubu bullion vans driving into his house is his SALARY (not money-laundery).

he even said it is his money, all in bullion van and he is free to spend...hahaha



I support no party nor thieves

ATKIU doing wire transfer TINUBU using bullion van
ATIKU using BDC, TINUBU using agbero and cash.


carry on EFCC jare,

soulpeppersoup:
This is the worst government ever world wide. Buhari is world best world government if there is anything like that.

How can you throw allegation to the media without verification and court judgement and you call yourself a national crime fighting organization?

Media trial is juggle justice.

Keep quiet, corrupt father begets corrupt son.

Which day way one of these money go mistakenly enter my account

What is the EFCC, ICPC, Financial Intelligence Unit(FIU)
etc doing about the bullion vans that conveyed cash into Bola Tinubu's house on the eve of the presidential election?

Useless looters. Buhari's 2nd term will be tough for looters and their supporters.

Shibaraba:
Na so...
Za witch hunt begins

The Bible says 'do not suffer a witch to live. So all witches should be hunted. For supporters of economic witches like you, their/your doom day is around the corner.

Let's have compelling evidence confirming this findings
Anything short, this still remains another APC govt media propaganda charade.

[s]

simpleseyi:
Useless looters. Buhari's 2nd term will be tough for looters and their supporters.

[/s]

When tyranny and oppression comes into the land,it will be in the guise of fighting crime ."-James Madison(US President 1809-1817)

Even if you fly EFCC will catch you

This EFCC is very useless. They're just reeling out figures transferred from one account to the other. How is it money laundering when you cannot state the crime involved here? Was the money stolen from government coffers or from where? So a legitimate company or businessman cannot transfer their own funds again to anyone they like?

And I dey here dey try hustle small money to keep body and soul together.

May God bless our hustle.

Please, check my signature below if you need a verified tutor for your kids in any subject, anywhere in Nigeria

Only in Nigeria can this happen, do that in Iran or China and be executed

My anger is that the money is much, they should have transferred more, no wonder atiku is depressed, spent so much money

Eewon lo ma kusi...

Bascard!

Paperwhite:
[s][/s]

James Madison was a slave owner


Your fore Father's will be very proud of you

All Nigerian leaders are corrupt excluding no one and if this continues there's no way forward for this shithole.

simpleseyi:


The Bible says 'do not suffer a witch to live. So all witches should be hunted. For supporters of economic witches like you, their/your doom day is around the corner.

Mynd44.
Rule 2
Because I no know why he go even mention me. Did you see me support any party. Mind yourself

Afamed:

Keep quiet, corrupt father begets corrupt son.

Who is more corrupt than Buhari?