How Gov. Sylva fleeces Bayelsa , Maintains accounts at Abbey National Bank, and Bclays bank

, Own properties in Peckham and Studridge in London Fresh facts have emerged,  that in his few years as Governor of Bayelsa state,  Timipre Silva has grossly fleeced the state, diverting state cash to foreign accounts and to his private estates,  as is the status quo with most Governors today.


Pointblanknews.com investigation revealed that Silva has a string of foreign accounts, personal estates, hotels in and outside Nigeria, equity shares, upermarkets scattered around Bayelsa and beyond and properties in London, etc, running into billions of Naira.

In London Silva is alleged to have  an account with Barclays Bank with account number, 004186943 with sort code 206242. As at March 2010, the balance was £14, 702, 812, 64 Million. He operates an  Abbey National Bank Instant Saver account, number H6828466BHW. As at
March 2010, the balance was £6, 751, 873, 84. Million. His account balance as at last year National Bank was £3, 687,864,35 Million. Silva allegedly owns two properties in London.

One at 11 Studridge Street, on Sea London, SW1, with title number MX674738, the other at 5 Wichendon Road, Peckam Ryle, London, SE15, with title number MGS398290.

He owns the Moment Newspaper, Marilin Maritme Limited, Royal Fm Station 95.5, with a front named George Allen Fente, has 70 percent equity shares in Azekiel Dredging and Construction, with a comer commissioner, Dr Geruani, as front, a multi billion naira supermarket in the high brow Guateng district in south Africa, and an estate in the Bloemfontein are in South Africa.

Has a multi billion naira estate of 1000 bungalows in Akwa Ibom state, owns the Development Research Derivatives Limited, Alpha Star Paints located near Bayelsa Plastic Industry, Lantana Nigeria Limited, in Port Harcourt, and an oil firm in Abuja run by one of the stooges, Mr
Von Dimeari Kemedi. A group, Initiative For Restoration of Accountability (IRA), has urged the EFCC to investigate the Governor.

The IRA led by Miebi Macdonald and Timitimi Telema said " it has become obvious that most of the I'll gotten properties of Governor Silva were not included in the asset declaration form" The group said further "we appeal to the anti graft agencies to get to the root of these matters to help Bayelsa state recover her stolen wealth at least to complete all the on-going projects in the state"

This comes as no surprise. There's no evidence of development in Bayelsa, beyond what Alamieyeseigha did, in spite of the billions that accrue monthly to the oil rich state.

What tangible thing has Timipre Sylva done?

it is no news that Silvia has not delivered, why he still wants to run despite this huge odds and deficit against his personalty, his governance style and his nothing to show for despite being in power for 5 years is mind boggling.

Nigerians are no longer suprised at their rogue leaders
Its left to Bayelsans to eject/accept him.
Goodluck to them!

DrummaBoy:

Nigerians are no longer suprised at their rogue leaders
Its left to Bayelsans to eject/accept him.
Goodluck to them!

People need to pay a visit to Yenagoa to know the extent of the rot in the state which incidentally should be one of the best-run in Nigeria due to its high oil revenue and low population. This is a capital city that ought to have

The people are swimming in poverty and almost all the imposing houses and mansions in Yenagoa belong to one former or serving politician/political holder or the other.

The ineptitude which has become the trademark of Sylva's government for half a decade is enough to make him lose the PDP primaries let alone a general election. But then, is PDP merit-driven?

Fresh Air

Interesting

You still wonder why the state capitial is like a glorified creek?

@Post:
What did Jonathan do when he was there? What were the projects he completed? The truth is NONE. So am sure he is not too fast to judge Sylva.

Gov. Sylva should better fly the "Fresh Air" matra - It may just produce 22million votes for him too. This gona be fun, pass me the popcorn

the facts on print or the facts on ground i think should be enough to throw him out of office, by his political opponents both in PDP & outside, except those who know keep quiet, then the plunder will thrive.

Am not surprise,like Alams like GEJ like Sylva, no matter ow far u go on spoiling sylva,they are all the same even with the new candidate pdp want to present.