Jennifer, originally an indigene of Onitsha, Anambra State, and a Nigerian Television Authority News correspondent in the 1980s later moved to and became a citizen of the United States.

A report on how former Vice President, Atiku Abubakar, was the subject of a probe 11 years ago by the United States Senate Committee on Homeland Security and Government Affairs chaired by Senator Carl Levin has been obtained by SaharaReporters.

The report detailed how Atiku as Vice President of Nigeria used offshore companies to siphon millions of dollars between 2000 and 2008 to his fourth wife in the United States, Jennifer Iwenjiora Douglas Abubakar.


Jennifer, originally an indigene of Onitsha, Anambra State, and a Nigerian Television Authority News correspondent in the 1980s later moved to and became a citizen of the United States.

According to the report submitted to the US Senate by the committee on February 10, 2010, the illegally transferred money made Atiku an “employer of labor” and a proud owner of American University of Nigeria (AUN), a school, whose tuition fees more than 99% of Nigerian students cannot afford.

SaharaReporters gathered that the Peoples Democratic Party (PDP) chieftain established AUN at a time when public universities were collapsing under him and Obasanjo and poor Nigerian students were languishing at home due to strike action by lectures over poor funding.

Former President George Bush had in 2004 barred Atiku and other corrupt politically exposed persons from being issued visas to the US.

The US Senate probe indicting the former Nigerian Vice President 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 partly reads, “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.

“Combating corruption is a key U.S. value and goal, due to its corrosive effects on the rule of law, economic development, and democratic principles. In 2001, the Patriot Act made the acceptance of foreign corruption proceeds a U.S. money laundering offense for the first time, and required banks to apply enhanced scrutiny to private banking accounts opened for senior foreign political figures, their relatives, and close associates.

“In 2003, the United States supported the United Nations Convention Against Corruption, now ratified by over 140 countries. Also in 2003, U.S. Immigration and Customs Enforcement (ICE) formed an investigative group dedicated to combating foreign corruption by PEPs.

“In 2004, President Bush issued Presidential Proclamation 7750 denying U.S. visas to foreign officials involved with corruption, and Congress later enacted supporting legislation. A 2009 study sponsored by the World Bank analyzed PEP controls worldwide and recommended stronger measures to reduce corruption.

“The Permanent Subcommittee on Investigations (Subcommittee) initiated this investigation to learn how U.S. laws apply to PEPs utilizing the domestic financial system, and examine how foreign senior political figures, their relatives, and close associates may be circumventing or undermining anti-money laundering (AML) and PEP controls to bring funds that may be the product of foreign corruption into the United States. It is the latest in a series of Subcommittee hearings examining foreign corruption and its U.S. aiders and abettors.

“During the course of its investigation, the Subcommittee staff conducted over 100 interviews, including interviews of lawyers, real estate agents, escrow agents, lobbyists, bankers, university professionals, and government officials.

“The Subcommittee issued over 50 subpoenas and reviewed millions of pages of documents, including bank records, correspondence, contracts, emails, property records, flight records, news articles, and court pleadings. In addition, the Subcommittee consulted with foreign officials, international organizations, financial regulators, and experts in anti-money laundering and anti-corruption efforts.”

It would be recalled that a former US congressman, William Jefferson was in 2010 sentenced to 13 years in jail for corruption that involved US companies and Nigerian officials.

The ruling by Federal Judge, TS Ellis III of the US District Court in Alexandria, Virginia, followed Jefferson's conviction for collecting bribes on behalf of Nigerian officials, specifically, Atiku.

However, the FBI found $90,000 cash, which Jefferson said was meant for the PDP chieftain, hidden in a freezer.

But Atiku and his wife, Jennifer did not accept summons and subpoenas to appear before the US court.

Instead, they moved their family out to Dubai, and put their potomac mansion up for sale.


http://saharareporters.com/2021/08/04/documents-expose-how-ex-vice-president-atiku-used-wife-launder-40million-us-eight-years[img][/img]

Cc: lalasticlala Mynd44

lol u people sha dey find wu u go drag along with ABBA....


We know say diz one is of questionable character so him case no go sell for media....

inoki247:
lol u people sha dey find wu u go drag along with ABBA....


We know say diz one is of questionable character so him case no go sell for media....

Aren't they all the same...theives?

hahahaha Abba Kyari looking for prison partner.......

inoki247:
lol u people sha dey find wu u go drag along with ABBA....


We know say diz one is of questionable character so him case no go sell for media....

This has got nothing to do with Abba Kyari. Atiku is a well documented rogue and we must continue to expose him for the rogue that he is.

Everybody in Nigeria is a criminal, me self no trust myself

chatinent:


Aren't they all the same...theives?

No they're not everybody knows once u ar a Politician ur way no fit pure again...

so if dem release documents say a Politician comit inside the crime sef latest one day everybody go forget d Mata....



But as a Police officer you're supposed to uphold the law u no suppose near crime....

seunmsg:


This has got nothing to do with Abba Kyari. Atiku is a well documented rogue and we must continue to expose him for the rogue that he is.

But na old News everybody knows abt this case already unless u guys are looking for who to escort ABBA to US just call on him den no need for all diz boju boju....

Nigeria is a failed nation same man almost secure president seat in 2019 such an unfortunate people voted him.

seunmsg:
Jennifer, originally an indigene of Onitsha, Anambra State, and a Nigerian Television Authority News correspondent in the 1980s later moved to and became a citizen of the United States.

A report on how former Vice President, Atiku Abubakar, was the subject of a probe 11 years ago by the United States Senate Committee on Homeland Security and Government Affairs chaired by Senator Carl Levin has been obtained by SaharaReporters.

The report detailed how Atiku as Vice President of Nigeria used offshore companies to siphon millions of dollars between 2000 and 2008 to his fourth wife in the United States, Jennifer Iwenjiora Douglas Abubakar.


Jennifer, originally an indigene of Onitsha, Anambra State, and a Nigerian Television Authority News correspondent in the 1980s later moved to and became a citizen of the United States.

According to the report submitted to the US Senate by the committee on February 10, 2010, the illegally transferred money made Atiku an “employer of labor” and a proud owner of American University of Nigeria (AUN), a school, whose tuition fees more than 99% of Nigerian students cannot afford.

SaharaReporters gathered that the Peoples Democratic Party (PDP) chieftain established AUN at a time when public universities were collapsing under him and Obasanjo and poor Nigerian students were languishing at home due to strike action by lectures over poor funding.

Former President George Bush had in 2004 barred Atiku and other corrupt politically exposed persons from being issued visas to the US.

The US Senate probe indicting the former Nigerian Vice President 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 partly reads, “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.

“Combating corruption is a key U.S. value and goal, due to its corrosive effects on the rule of law, economic development, and democratic principles. In 2001, the Patriot Act made the acceptance of foreign corruption proceeds a U.S. money laundering offense for the first time, and required banks to apply enhanced scrutiny to private banking accounts opened for senior foreign political figures, their relatives, and close associates.

“In 2003, the United States supported the United Nations Convention Against Corruption, now ratified by over 140 countries. Also in 2003, U.S. Immigration and Customs Enforcement (ICE) formed an investigative group dedicated to combating foreign corruption by PEPs.

“In 2004, President Bush issued Presidential Proclamation 7750 denying U.S. visas to foreign officials involved with corruption, and Congress later enacted supporting legislation. A 2009 study sponsored by the World Bank analyzed PEP controls worldwide and recommended stronger measures to reduce corruption.

“The Permanent Subcommittee on Investigations (Subcommittee) initiated this investigation to learn how U.S. laws apply to PEPs utilizing the domestic financial system, and examine how foreign senior political figures, their relatives, and close associates may be circumventing or undermining anti-money laundering (AML) and PEP controls to bring funds that may be the product of foreign corruption into the United States. It is the latest in a series of Subcommittee hearings examining foreign corruption and its U.S. aiders and abettors.

“During the course of its investigation, the Subcommittee staff conducted over 100 interviews, including interviews of lawyers, real estate agents, escrow agents, lobbyists, bankers, university professionals, and government officials.

“The Subcommittee issued over 50 subpoenas and reviewed millions of pages of documents, including bank records, correspondence, contracts, emails, property records, flight records, news articles, and court pleadings. In addition, the Subcommittee consulted with foreign officials, international organizations, financial regulators, and experts in anti-money laundering and anti-corruption efforts.”

It would be recalled that a former US congressman, William Jefferson was in 2010 sentenced to 13 years in jail for corruption that involved US companies and Nigerian officials.

The ruling by Federal Judge, TS Ellis III of the US District Court in Alexandria, Virginia, followed Jefferson's conviction for collecting bribes on behalf of Nigerian officials, specifically, Atiku.

However, the FBI found $90,000 cash, which Jefferson said was meant for the PDP chieftain, hidden in a freezer.

But Atiku and his wife, Jennifer did not accept summons and subpoenas to appear before the US court.

Instead, they moved their family out to Dubai, and put their potomac mansion up for sale.


http://saharareporters.com/2021/08/04/documents-expose-how-ex-vice-president-atiku-used-wife-launder-40million-us-eight-years[img][/img]

Ypu sha have audited atiku. Oga o.

inoki247:


But na old News everybody knows abt this case already unless u guys are looking for who to escort ABBA to US just call on him den no need for all diz boju boju....

The article was published today by Sahara reporters. If you’re not happy about it, go to Sowore’s house and beat him.

seunmsg:


The article was published today by Sahara reporters. If you’re not happy about it, go to Sowore’s house and beat him.

lol when the news sweet you guys today all na no complain buh when dey start posting abt ur heros u guys will start calling dem fake news media....

Lolz...somebody distracting our attention from abba kyari

hotwax:
Lolz...somebody distracting our attention from abba kyari

Sowore.

Oh ye idiots behold your dream President!

same scum is directing a lot of the drama and sponsored agitators we are seeing today.

Allah, Nigerians are numbed to looting and laundering money. Nothing else is new except an opportunity for fresh face to loot.

Stale Political News, it's not being proven.

Athuefku.

Get more leads when you plan your marketing campaign with our WhatsApp bulk messenger.

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Lies !!!!! A man that earned over 200 million dollars annually from his stake in intels alone doesn't need to launder 40 million dollars

FarahAideed:
Lies !!!!! A man that earned over 200 million dollars annually from his stake in intels alone doesn't need to launder 40 million dollars

You have to defend your paymaster. Small shame you no get

Over $200m annual earnings? How much was then the yearly earnings of intel? When will you begin to use your sense?

OPPPS:

You have to defend your paymaster. Small shame you no get

Gerrat

FarahAideed:


Gerrat

Next time, use your sense, before you lie. Shameless Atikulated wailer

If Atiku could earn over $200m as a shareholder in intel. How much was then the Intel overall profit in a yr?
Typical lazy youth

BMC îmbeciles keep refurbishing this story every election cycle but this time, it's also to distract us from the Abba Kyari thieving debacle... E no go work, he must go to America and defend his name

Apc and Tinubu urchins ... e no sell

Stale and stale out

Okay make we vote Tinubu naaa .

Una no get shame.

Apc is evil.

RZArecta:
BMC îmbeciles keep refurbishing this story every election cycle but this time, it's also to distract us from the Abba Kyari thieving debacle... E no go work, he must go to America and defend his name

You Dey mind those Tinubu Yoruba hungry urchins

Will even help them

So Na Atiku tif pass brown teeth druggie.. that have looted Yoruba people dry.

OPPPS:

Next time, use your sense, before you lie. Shameless Atikulated wailer

If Atiku could earn over $200m as a shareholder in intel. How much was then the Intel overall profit in a yr?
Typical lazy youth

Says a Tinubu Yoruba urchins...

Atiku is a Saint wen place with The Yoruba man Tinubu...

Fact#

As an Igbo boy wey I be, Let him rout in hell together with Tinibu, OUK, Rochas, Hope Uzodinjor, Buhari, Malami, Fayose, Fayemi and all our thieving politicians.

Ise!

Tinubu urchins on the loose..

Make Apc follow Court judgement .. first.. before Tinubu go unleash una..

Tinubuadvocate:
Nigeria is a failed nation same man almost secure president seat in 2019 such an unfortunate people voted him.

He's bossom friends with Tinubu
Now we know the connection.

This story is stale, but if USA is shopping for prison mate for kyari, by all means let them grab Atiku.

Another FBI candidate is in London now.

ImmaculateJOE:
As an Igbo boy wey I be, Let him rout in hell together with Tinibu, OUK, Rochas, Hope Uzodinjor, Buhari, Malami, Fayose, Fayemi and all our thieving politicians.

Ise!

Oga who ask you your tribe? All these "we crew" sef.

No more elections in Nigeria, Atiku is a terrorist and criminal.