Originally posted on 31 Mar 2023 by

swaggerjack:

Abubakar Bagudu: In the plunder machine that late kleptocrat Abacha set up, Mr Bagudu was the most prolific bagman, court documents show.

“Abubakar Atiku Bagudu was an associate of General Abacha and his sons who participated in the conspiracy to steal and launder hundreds of millions of dollars,” American investigators told the court. “Among other things, Bagudu played an instrumental role in setting up and executing the complicated financial transactions used to launder the proceeds of the conspiracy.”

Mr Bagudu was involved with all the offshore front companies and bank accounts – from the British Virgin Islands to Ireland, Switzerland, Germany, Singapore, England, Paris, Guernsey, and Jersey – used to steal and launder billions of dollars belonging to Nigeria under the Abacha regime. He acted as a director and in some cases as a signatory of accounts or prime beneficiary, court documents revealed.

He was behind the latest recovery in the UK alongside Mohammed Abacha.

Mr Bagudu, who was a former senator, has been the governor of Nigeria’s northwestern Kebbi State since 2015 and is an ally of President Muhammadu Buhari.

Gilbert Chagoury: Mr Chagoury is a Nigerian-born businessman of Lebanese descent. He is the founder of the Chagoury Group, whose multi-billion-dollar assets span construction, manufacturing, real estate, and hotels. He has accrued an infamous track record for decades.

Mr Chagoury was convicted in 2000 of money laundering and aiding a criminal organisation. In the 1990s, he set up accounts with SG Ruegg Bank in Geneva for the Abacha family enabling them to benefit from illegal transfers of over $120 million from the Central Bank of Nigeria and secured immunity from prosecution, court documents showed.

He later paid $600,000 in fines to the court in Geneva, Switzerland, and refunded $66 million to the Nigerian government.


https://www.premiumtimesng.com/news/headlines/542417-exclusive-the-men-woman-who-helped-abacha-plunder-nigeria.html

People

Na dem

Chai!!!
One of them has permanent residence in one of the most expensive hotels

I want to be like Bagudu when I grow up


💪

Did you know that obi was also part of those people

Are we going to talk about how Peter Obi and Abacha were busy stealing money while heros of democracy were fighting Abacha from within the country and from exile.

What abacha was to Nigeria is what tinubu was to lagos in terms of stealing and embezzlement.

Nobody should be surprised,they are beds of a feather

Lol

The same abacha tinubu claim to fight his government but collected egunje for back.

And you think it’s a mistake?

They’re helping him launder his own

Chagoury and Bagudu should be in jail

The same obidient people that told us abacha was a good guy but only got bad PR and it's okay for obi to get appointment from him suddenly realized he was a looter again.

May we not be unfortunate to be a part of the brainless unthinking flip floppers.