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Dadaojames's Posts

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CelebritiesRe: Cynthia Onoriode's Triplets Turn One-Year-Old by dadaojames(m): 1:06pm On Jul 01, 2016
Baba God bless me too with triplet
CelebritiesRe: Mavin's Di'ja Welcomes Baby Boy (Photos + Video) by dadaojames(m): 8:28am On Jul 01, 2016
Congratulations.
CrimeRe: Below Is The List Of Nigerians Names Wit Date On Death Row In China. by dadaojames(m): 4:09pm On Jun 24, 2016
Source pls
PoliticsRe: How Fayose Begged Zenith Bank To Cover Up The Source Of His Election Funds - SR by dadaojames(m): 5:54pm On Jun 23, 2016
The truth will prevail.
PoliticsRe: See People's Reactions On Lere Olayinka's Twitter Post... by dadaojames(m): 10:23am On Jun 23, 2016
This is a lesson for all. THINK before you talk (type). Look again at what you are about posting before pressing the button; for you don't know the extent of the consequence of your post(talk). The world is now a global village. What you type in the 'small corner' of your room/office will be seen by the whole world.
PoliticsRe: Newborn Baby Dumped Inside Dry Well, Rescued (photos) by dadaojames(m): 10:26pm On Jun 15, 2016
JESUS! May God have mercy on the person that did this. Thank God for the baby's life
PoliticsRe: Federal Inland Revenue Service Job Scandal- Sahara Reporters by dadaojames(m): 6:24pm On Jun 15, 2016
This should actually be investigated
PoliticsRe: FULL LIST Of Buhari's Ambassadorial Nominees by dadaojames(m): 1:59pm On Jun 09, 2016
May God grant them wisdom to project good image of Nigeria to the outside world.
FamilyRe: Its Children's Day: Upload A Pix Of Your Kid/siblings And Send Them A Shout Out by dadaojames(m): 1:19pm On May 27, 2016
SHEEGO2015:
Apy birthday boi
That is my birthday mate. Happy Birthday and many happy return
FamilyRe: Man Missing Since 2008 (Pictured) by dadaojames(m): 6:33pm On May 24, 2016
Keep hope alive
PoliticsRe: Soldier Edobor Celebrates His Birthday At The Battlefield by dadaojames(m): 2:52pm On May 16, 2016
Happy Birthday
PoliticsActing GOC 7 Division Escape Boko Haram Ambush by dadaojames(op): 1:37pm On Apr 19, 2016
The convoy of Brigadier General Victor Ezugwu, Acting General Officer Commanding (GOC), 7 Division Nigerian Army, was on Tuesday morning ambushed by suspected Boko Haram terrorists while travelling to Bama, Borno State, on operational duty. In the convoy were other top officers of the division.

The incident, according to a statement signed by Colonel Sani Kukasheka Usman, Acting Director Army Public Relations occurred at about 8.30am, claiming the life of one soldier while two others were injured.

Soldiers successfully dislodged the terrorists, killing some and recovering items that include a Toyota Hilux vehicle, two AK-47 rifles, and ammunition.

After the dislodgement of the terrorists, the Acting GOC continued his journey to Bama. The body of the slain soldier and his two wounded colleagues have since been moved to Maiduguri, the capital of Borno State. The Chief of Army Staff, Lieutenant General Tukur Yusuf Buratai, and the GOC have since spoken, said the statement, adding that the Nigerian Army is determined to continue to its onslaught against the remnants of the Boko Haram terrorists wherever they are.

http://saharareporters.com/2016/04/19/acting-goc-7-division-escape-boko-haram-ambush
Politics#panamapapers: How Tinubu Operated 12 Shell Companies In Tax Havens-premium TIME by dadaojames(op): 1:23pm On Apr 19, 2016
While its shareholders bore the brunt of the bleak financial year, the company’s group chief executive, Wale Tinubu and his deputy, Omamofe Boyo, might be doing just fine as they had for years incorporated and operated a cluster of shell companies in notorious offshore jurisdictions.

Mr. Tinubu seems to be making so good a return from his shell companies that in 2008 he agreed to pay a front as much as $20,000 monthly to manage all of his offshore transactions.

Details of the offshore assets of the two top bosses at Oando Plc were among the revelations contained in the leaked massive internal data belonging to Panamanian law firm, Mossack Fonseca.

The revelations are products of an investigation, spanning over a year by the International Consortium of Investigative Journalists, German newspaper Süddeutsche Zeitung and more than 100 other global news organizations across the world.

PREMIUM TIMES is the only Nigerian media organisation involved in the investigation.

Documents obtained by PREMIUM TIMES from the huge database linked Mr. Tinubu to at least 12 shell companies.

Mr. Tinubu, documents show, secured the services of Mossack Fonseca to help him incorporate the companies in Seychelles, one of the fastest growing offshore jurisdictions in the world and notorious tax haven, the British Virgin Islands (BVI).

The documents also reveal that Mossack Fonseca coordinated the operation through its offices in Geneva, the British Virgin Islands and Panama.

The documents show that Mr. Tinubu is director in the following companies incorporated in Seychelles and the BVI.

Sigma Technology Inc.
Techventure Inc.
Anglesey Management SA
Caine Trading Corp
Keligh Engineering Corp
Hud Trading Corps
Meridian Procurement International Services Ltd
Lynx Shipping Ltd
Equinox Shipping Ltd
Everglade Oil Inc.
Framlingham Ltd
Triton Trading Ltd

Investigation reveal that Mr. Tinubu is either sole director of most of the companies or has unlimited powers to make decisions.

For Instance, files from the data revealed that on November 26, 2009, after a meeting of the “board of directors” of one of his shell companies, Keligh Engineering Corp, Mr. Tinubu was granted a general power of attorney as the sole signatory of the company.

The “board meeting” where this decision was made was attended by three nominee directors, – Yvette Rogers (Chairman), Jaqueline Alexander(secretary), Verna de Nelson, who are actually employees of Mossack Fonseca.

Nominee directors are appointees used in offshore tax havens to hide true owners of shell companies.

Mrs. Rogers had also served as nominee director in Stanhope Investment Ltd, Seychelles, one of the shell companies used by the imprisoned former governor of Delta State, James Ibori, to steal the resources of his oil-rich state.

As part of its #PanamaPapers series, PREMIUM TIMES had revealed how Mossack Fonseca helped Mr Ibori, who is serving a 13-year jail term in the United Kingdom for money laundering, hide funds stolen from Delta State treasury through a web of offshore companies.

In May 2007, Just like Mr. Ibori, the Oando boss also secured the services of Swiss asset management firm, Clamorgan SA, to help him incorporate Techventure Inc., Anglesey Management SA, Caine Trading Corp and Keligh Engineering in Seychelles while appointing Mossack Fonseca Geneva as registered agent and administrator for the shell companies.

On May 2, 2007, Sebastien Thierry of Clamorgan S.A, who had acted as signatory for one of Mr. Ibori’s shell companies, wrote a letter to Sonia Scampa of Mossack Fonseca, thanking her for verifying and assisting in registering the companies, as well as granting Mr. Tinubu the power of attorney.

“Following my mail yesterday and our conversation today, I reiterated the confirmation sent yesterday morning taken the following companies – Anglesey Management SA, Caine Trading Corp., KLeigh Engineering Corp. Thank you for making a power of attorney for Mr. Wale Tinubu for three companies,” he wrote in French.

It remains unclear why Mr. Tinubu hired the same offshore consultants used by Mr. Ibori to run his offshore companies. But in September 2013, British prosecutors told a court that Mr. Ibori confessed to owning “significant” shares in Oando Plc.

According to crown prosecutor, Sasha Wass, a Queen’s Counsel, while opening an account at Swiss bank, PKB, through a shell company called Stanhope Investment, Mr. Ibori told the bank he owned 30 per cent of Oando.

Oando had denied that Mr. Ibori’s wealth was hidden in the company. The company at the time circulated a statement claiming that Mr. Ibori only had 443 shares of the company’s 6.8 billion ordinary shares.

The Paid Front

The documents also revealed that apart from relying on nominee directors appointed by Mossack Fonseca to hide his ownership of shell companies in tax havens, Mr. Tinubu also hired a paid front who acted on his behalf in some of the offshore companies.

In a December 10, 2008 email to Marie-Ange (an employee of Mossack Fonseca in Geneva) Sebastien Clamorgan of Clamorgan SA revealed that Mr. Tinubu hired a front, Patrick Bastin, to act on his behalf in his offshore companies.

According to the email, Mr. Bastin was handsomely rewarded for this role. He was paid a salary of $10,000 monthly and given a corporate visa card which allowed him to spend up to $10,000 monthly.

Mr. Bastin was paid from Everglade Oil Inc’s account with a private bank in Beirut, Lebanon.

“It is agreed that M. Patrick Bastin will be acting as director for certain of Mr J.A. Tinubu companies and in this capacity will be managing all upcoming administrative commercial and financial tasks, inclusive the relationship with the several banks the companies may have bank accounts with,” the email reads.

“For this task M. Patrick Bastin will be compensated by a monthly payment of US $10 000,00 (ten thousand US $) to be paid to the bank account he will indicate.

“The account of EVERGLADE OIL INC No 239783 with Audi Saradar Private Bank seal in Beirut Lebanon will be responsible to set up a standing instruction for those payments to start on November 1 -2008.

“In addition, M. Patrick Bastin will be entitled to a Corporate Visa card from EVERGLADE OIL INC for expenses up to SS 10,000 per month to be justified after to M. J A Tinubu.

“This agreement can be terminated at any moment by M. JA. Tinubu with one month notice.”

The documents also showed that some staffers of Oando Plc were in on some of Mr. Tinubu’s incorporation of shell companies.

After the resignation of one Kirk Thompson, who is believed to be the original nominee director for Mr. Tinubu in Everglade Oil Inc., on December 14, 2007, Daniel Boyo (it is not clear whether he is a relative of Omamofe Boyo), a London-based business development consultant with Oando Trading Limited, a subsidiary of Oando Plc, sent an email on January 11, 2008 to Mr Thierry instructing him to contact Everglade Oil agents in Seychelles to draft a new certificate of incumbency for the company, mentioning Terry Cunningham as its new single director.

Nigerian businessmen and the love of Seychelles

Documents show that Seychelles is particularly an attractive offshore destination for several top Nigerian businessmen.

Several shell companies owned by Nigerians in tax havens were incorporated in the small Indian Ocean country, with a population of just under 90,000 people. They were registered as International Business Companies (IBC).

Seychelles IBCs are among the most popular IBCs in the secretive world of offshore jurisdictions. IBCs incorporated in the Seychelles are prohibited from doing businesses within the country or owning real estate. They are not required to pay taxes, submit financial details or carry out audits on their finances.

An email sent from Mossack Fonseca’s office in Seychelles to Saria Rahme Kali of Afrex and Mr Clamorgan requesting details of the bearers of the shares of a cluster of IBCs domiciled in Seychelles revealed the extensive involvement of Nigerians in offshore tax havens.

The document revealed that Sayyu Dantata, the half-brother of Africa’s wealthiest man, Aliko Dangote, is linked to seven IBC – Appelby Holding Ltd, Juno Equities Incorporated, MRS Holding Ltd, MRS Oil and Gas, Nisco Holding Ltd (60 per cent), and Oval Refining S.A, Ovlas S.A (50 per cent).

Similarly, Adetokunbo Sijuwade, the son of the late Ooni of Ife, Okunade Sijuwade, is the director of Mandhari Water Investment Inc. and Izwelethu Aluminium and Steel Inc.

Mr Tinubu’s deputy, Boyo, was listed as director in three IBCs- Everglade Oil Inc, Meridian Procurement International Services, and QVS Ltd.

Nigerians Abiose Eldred Ogan-Cole and Mojisole Adeniran both own 50 per cent share each in Qaisar.

Messrs. Wale and Boyo are yet to respond to an email sent by PREMIUM TIMES through the corporate communication manager of Oando, Alero Balogun, seeking comments for this story.

Ms. Balogun and the company’s head of corporate communications, Ainojie Irune, had promised that responses would be provided to our questions. But several days later, no response has come from the officials.

http://www.premiumtimesng.com/news/headlines/202000-panamapapers-tinubu-operated-12-shell-companies-tax-havens.html


http://saharareporters.com/2016/04/18/panamapapers-how-tinubu-operated-12-shell-companies-tax-havens
NYSCRe: Mathematics Quiz Competition I Organized Between two schools here In Katsina by dadaojames(m): 6:56pm On Apr 05, 2016
Kudos
Jokes EtcRe: See The Big Snake I Killed Easily This Morning. by dadaojames(m): 10:04pm On Mar 22, 2016
This deserves fp
EducationRe: See How My Students Wrote Exams This Morning by dadaojames(m): 10:02am On Mar 15, 2016
It's you and what you have 'up-north'
PoliticsRe: Buhari Appoints Former Lagos Deputy Governor As Special Assistant by dadaojames(m): 5:16pm On Mar 07, 2016
May God guide our leaders rigth
PoliticsRe: You Have Never Been A Responsible Husband, Oshiomhole Replies Sen. Dino Melaye by dadaojames(m): 3:49pm On Mar 04, 2016
I can see contribution from obahiagbon.
PoliticsRe: You Have Never Been A Responsible Husband, Oshiomhole Replies Sen. Dino Melaye by dadaojames(m): 3:48pm On Mar 04, 2016
I can see contribution from Obahiagbon.
PoliticsRe: Fayose Storms Olubadan's Coronation In Native Style - Photos by dadaojames(m): 1:07pm On Mar 04, 2016
Nice one
CultureRe: Olu Of Warri, Ikenwoli, Visit Ijaw And Urhobo Monarchs (photos) by dadaojames(m): 11:53am On Feb 19, 2016
United Nigeria. Slowly, we will get there.

Nigeria shall be great again.
FamilyRe: Woman Gives Birth To Quintuplets In Ibadan(photos) by dadaojames(m): 3:57pm On Feb 16, 2016
It is well.
EventsRe: Happy Birthday Lalasticlala by dadaojames(m): 1:28pm On Feb 16, 2016
Long life and prosperity. God bless you.
AutosRe: Very Clean Tokunbo Volkswagen Sharan 2000 @ N850,000.00 by dadaojames(m): 1:45pm On Feb 10, 2016
Can this go for N700,000?
PoliticsBola Tinubu, Akintola Williams Win Silverbird Extraordinary Awards by dadaojames(op): 6:42pm On Feb 05, 2016
The 2015 Silverbird Man of the year award is practically going to be one the biggest events in Lagos on March 20, 2016.
It will not only present a role model for the public but will create a reminiscence of great Nigerians who had made and still making distinct impressions in their chosen areas.
It is a day the former Lagos State Governor, Bola Tinubu and the first African Chartered Accountant, Chief Akintola Williams will stand on the podium to receive the prestigious Silverbird Extraordinary Award.

Beside the star winner, the award has been put under six categories, which include the Silverbird Post Humous Award; Silverbird Lifetime Achievement Award; Silverbird Extraordinary Award; Silverbird Special Achievement Award, Silverbird Lifetime Entertainment Award.
For the Post Humous Award, the list include former Premier of the old Western Region, Chief Ladoke Akintola Williams, former Governor of the od Easter Region, Akanu Ibiam, the only Prime Minister of Independent Nigeria, Tafawa Balewa, second republic Governor of Rivers State, Melford Okilo and former Deputy Head of State, Major Gen. Tunde Idiagbon (Retd).
For the Lifetime Achievment Award, such personalities like former Governor of Lagos State, Alhai Lateef Jakande, Veteran Fashion Designer Opral Benson, foremost entrepreneur Oba Otudeko, revered statesman Lulu Briggs, former Governor of Kaduna State, Balarabe Musa.
For the Silverbird Extraordinary Award, the former Governor of Lagos State Asiwaju Bola Tinubu and the first Chartered Accountant in Africa, Chief Akintola Williams made the list.
The Silvebird Special Achievement Awards go to prolific writer and novelist, Chimamanda Adichie, Environmentalist, Desmond Majekodunmi, Founder BenTV, Alistair Soyode. Veteran Musician
For the Silverbird Lifetime Entertament Award, the Afro Juju singer, King Sunny Ade, veteran musicians, Dr. Victor Uwaifo and Eddie Ugboma.
The sixth category, Silverbird Sports Achievement Awards go to Nigerian born British and Commonwealth Boxing Champion, Coach of the Dream Team VI, Nigeria Under- 23 Team and his counterpart for Under-17, Emmanuel Amuneke.
It would be recalled that the former Governor of Delta state, Dr. Emmanuel Uduaghan won the 2014 Silverbird Man of the year award.
He won based on his achievement in restoring peace and security to Delta state, massive infrastructural development, free medical care for children and the elderly and his acclaimed micro credit scheme.


silverbirdtv.com/entertainment/11153-bola-tinubu-akintola-williams-win-silverbird-extraordinary-awards
PoliticsRe: Obasanjo Visits Ooni Of Ife Ogunwusi, Today - See Photos by dadaojames(m): 5:18pm On Feb 05, 2016
God bless Nigeria.

Nigeria shall be great again.

Hope foster unit in the region and Nigeria in general.
CultureRe: Alaafin Of Oyo, Adeyemi In Brazil With His Wives (Photos) by dadaojames(m): 2:16pm On Feb 01, 2016
This visit was as far back as 2014

https://www.nairaland.com/1872066/alaafin-oyo-yoruba-descendants-brazil

Thanks.

OP kindly clarify.
CareerRe: God Has Done It For Me, I Just Got A Good Job by dadaojames(m): 3:41pm On Jan 29, 2016
Congrat
EducationRe: Philip Toluwase Alabi: NECO Best Student 2015 by dadaojames(m): 11:20am On Jan 29, 2016
Congratulations. Keep it up. God bless you.
CrimeRe: How I Caught a Thief Using A Simple Tech And Trick by dadaojames(m): 12:36pm On Jan 22, 2016
Nice steps. You be a good Police Detective.
SportsRe: Nojim Maiyegun Nigerias 1st Ever Olympic Medalist Who Is Blind &Lives In Austria by dadaojames(m): 3:18pm On Jan 20, 2016
Emmanuel Arinze Ifeajuna (1935–25 September 1967)[1] was a Nigerian army major and high jumper. He was the first Black African to win a gold medal at an international sports event when he won at the 1954 British Empire and Commonwealth Games. His winning mark and personal best of 6 ft 8 in (2.03 m) was a games record and a British Empire record at the time.

Nojim Maiyegun (born February 21, 1944 in Lagos) is a retired Nigerian boxer, who won the bronze medal in the men's Light Middleweight (71 kg) category at the 1964 Summer Olympics in Tokyo, Japan.

He was Nigeria's first Olympic medalist.



jesse515:
I tot maj. Ifeajuna (hope I spelt it correctly?) is how first Olympic medallist? N he won it in 195-kini as a high jumper hence we had him on our eze time eze exercise book?

Now dis guy is d first wit 1964? Why ar pple trying to write a fake history for us?
PoliticsRe: Nigerians React To PDP Tweet On Metuh by dadaojames(op): 7:35am On Jan 20, 2016
INWARD RETURNS

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