₦airaland Forum

US Government Takes Control Of $480M Abacha Loot. - Yahoo News



WASHINGTON (Reuters) - The United States has
taken control of more than $480 million looted
by former Nigerian dictator Sani Abacha and his
associates after a court ruling, the Justice
Department said on Thursday.

The money stolen during Abacha's 1993-1998 de
facto presidency of the oil-rich African nation
and stashed in banks around the world will be
returned to the Nigerian government, the
department said in a statement.

“Rather than serve his county, General Abacha
used his public office in Nigeria to loot millions
of dollars, engaging in brazen acts of
kleptocracy,” Assistant Attorney General Leslie
Caldwell said in the statement.

U.S. District Judge John Bates in Washington
ordered on Wednesday that the funds, frozen by
the Justice Department in March, be forfeited to
U.S. control.

The judgment includes about $303 million in two
bank accounts in the British offshore center of
Jersey and $144 million in two bank accounts in
France. Three accounts in the United Kingdom
and Ireland hold at least $27 million, the
statement said.

Claims to another $148 million in four
investment portfolios in the United Kingdom are
pending.

Abacha, who took took power in a coup, died in
1998. Nigeria has been fighting for years to
recover his money, but companies linked to the
Abacha family have gone to court to prevent
repatriation.

Between $3 billion and $5 billion of public
money was looted during Abacha's regime,
according to Transparency International.
The Justice Department suit filed in November
2013 saying that Abacha, his son Mohammed
Sani Abacha, their associate Abubakar Atiku
Bagudu and others embezzled, misappropriated
and extorted money from the Nigerian
government.

They laundered funds by buying bonds backed
by the United States using U.S. financial
institutions, prosecutors said.

The assets were held in banks that included
Deutsche Bank AG, HSBC Holdings Plc and
Banque SBA, according to the lawsuit.
In June, after a 16-year legal battle, Nigeria
recovered from Liechtenstein $228 million stolen
by Abacha and his associates.

As of last year, Nigeria had recovered about $1.3
billion of Abacha's money from various
European jurisdictions.

Generalkorex:
Ha!!!
I dnt even knw what to say

modath:
@OP,
Did you guys just learn of this now, cos i'm seeing this story all over politics forum, were you guys dead or sleeping when the primaries were being held?.. i hate corruption and sharp practices as much if not more than the average Nigerian (My reason for wasting my vote on GMB in '11 while he was still in cpc )but no one will take this seriously cos we know this is coming out now just for electioneering purposes and not for love of country.
Apc has already taken over NW&NE, April 11th is just the rubber stamp day. Even Olisa Metuh in his interview didn't count any of the core HF states as PDP's. Too late OP..

GenBuhari:
The Senator is the person that was used by Thief Obasanjo to dishonestly and unfairly accuse Abacha of looting.
Abacha was no looter
Whether Bagudu is truly a looter or not is not clear, but is known is that he is dishonest and corruptible.
He has links with the World Bank, who were upset that Abacha rejected all the loans offered to him.
It surprised me when he won the primaries to be adopted as a candidate for governorship for APC indicating that there is some corrupt possibly neocolonialist forces manipulating the affairs of APC

GenBuhari:
No conflict in my mind whatsoever.
Buhari had to make some compromises in order form APC defeat the ruling party

''PROFILE: MAN WHO LAUNDERED $700M CASH FOR
THE ABACHAS''

From: Bob Minton <bob@minton.org>
Date: Wed, 10 May 2000 11:33:56 -0400
Organization: The Lisa McPherson Trust, 33 N.
Fort Harrison Ave., Clearwater, Florida 33755
Telephone (727) 467-9335, Fax (727) 467-9345
Message-ID:
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political & economic events affecting Nigeria
Available by fax and e-mail subscription Monday-
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PROFILE: ABUBAKAR ATIKU BAGUDU & WHAT HE TOLD A SWISS COURT

''My family is one of the rich families of Nigeria. I cannot state the exact figures of my family fortune. I can state that no member of my family needs to
work to earn a living'' .... Between February 1994
and today, my fortune has considerably
increased and a big portion of it comes from
funds deposited by the Central Bank of Nigeria
in favour of Mecosta Securities, in the book of
Goldmann Sachs, Zurich, in April 1997'' Abubakar
Atiku Bagudu The man who features prominently
in Mohammed Abacha�s testimony in the
laundering of $700 million cash is Abubakar Atiku
Bagudu. He is a business associate of the
Abachas who is also being investigated by a
Swiss court. Already, Mohammed Abacha has
admitted to lawyers that his late father once
gave him $700 million cash for safe keeping at
his Abuja residence. He also admitted that it was
Bagudu that later arranged for the transfer of
this money into various accounts owned by the
Abachas in foreign banks.
............................................................
Abubakar Bagudu appeared before a judge in
Geneva for three days, last year. Here is what he
told the court on 30 September, 1999.
''I am Abubakar Bagudu, a Nigerian citizen, born
in Gwandu, in the northern part of the country in
1961. I belong to the Hausa tribe, one of the
three major ethnic groups in the country. I first
had compulsory primary education in Gwandu,
then I studied economics in the University of
Sokoto from 1979 to 1983. I then went to
another university in Jos from 1988 to 1989,
where I obtained my degree in economics. I was
an assistant lecturer in the University of Sokoto
between 1985 and 1989. Between 1983 and
1984, I did my NYSC for one year. From 1989 to
1991, I worked for Nigeria International Bank in
Lagos.

I then went to Columbia University in New York
from 1992 to 1993 where I obtained a master's
degree in International Business.
In 1993 after my master's degree, I worked for
six months in the World Bank in Washington. I
wish to state that my master's degree was
sponsored by the World Bank. In 1993, I came
back to Nigeria. I engaged myself in consulting
and international trade with my partner Mr.
Ibrahim Turaki. We registered a company under
the name EPCEL Ltd., Lagos. We represented
the French company Pasteur Merieux Connaught.
We were importing machinery.
Up till now, we are still in business and I
maintain a home in Lagos, even though I now
spend most of my time in London.
Mr. Ibrahim Turaki and I have stopped working
for EPCEL Ltd., which we sold in 1995. In
February 1994, Mr. Ibrahim Sani Abacha, eldest
son of former head of state, General Sani
Abacha, joined my partner and I to form the
company, Morgan Procurement Corporation,
Lagos, among others. We were mostly importing
vaccines. One of the companies we established is
Mecosta Securities Ltd., BVI, in October 1995.
We intended to engage in debt recovery and
arbitration between creditors and debtors. At
the inception of Mecosta Securities Ltd., three
of us namely Mr. Ibrahim Abacha, Mr.
Mohammed Sani Abacha and myself had equal
shares.

Mr. Ibrahim Sani Abacha died in a plane crash in
January 1996. On that occasion, Mr. Mohammed Sani Abacha, his brother, the next in line, took up the late
brother's share in Morgan Procurement
Corporation. He also took over the shares in
Mecosta Securities Ltd. In fact, Mr. Mohammed
Sani Abacha and I became equal shareholders in
the company (50% - 50%). I have never held
political office in Nigeria. However, my family
has always been close to power. Members of my
family have never held political or public office,
with the exception of my father who was a
Director of Primary Education in his state, Kebbi
State, my state of origin. May I remind you that
Nigeria is a federation of 36 states.

Kebbi State shares a border with Benin Republic.
Commercially speaking, the state is highly
developed because a large quantity of goods
transit through it. My elder brother, Bello
Bagudu, was elected a member of the federal
parliament in February 1999. He is one of the six
representing Kebbi State.

Neither myself nor any other member of the
extended family has occupied public or political
office. As for my business partners, Mr. Ibrahim
Turaki was elected governor of Jigawa State in
February 1999. Mr. Mohammed Sani Abacha has
never held political or public office. However, as
I said earlier, he is one of the sons of the former
head of state, who died in June 1998.

Talking about money, my family is one of the
rich families of Nigeria. I cannot state the exact
figures of my family fortune.
I can state that no member of my family needs
to work to earn a living. Each member of the
family is engaged in managing the family assets.
As for me, I do not need to work because I have
a personal fortune worth tens of millions of US
Dollars, though I cannot quote an exact figure.
Moreover, my only wife also has a personal
fortune, which comes from her family or gifts.
My wife is not a member of the Abacha family,
nor does she belong to any of the families that
once ruled Nigeria. If I am not mistaking,
members of my wife's family occupy no public
or political post. I am aware that the judge will
ask me about relationship with a few individuals.
General Sani Abacha He was head of state of
Nigeria between November, 1993 and June 1998,
up till his death at age 57. General Abacha took
power under the following circumstances:
Following June 1993 elections organised by
former head of state, General Babangida, a
civilian president was elected namely Mr. Abiola.
The elections were annulled by General
Babangida, officially due to electoral
malpractices; as a result of the annulment, there
were riots and disturbance of public peace in the
country; as a remedy, General Babangida decided
to establish a transitional government and
appointed Ernest Shonekan head of state. He
was overthrown by General Sani Abacha. Before
being appointed head of state, General Sani
Abacha was a career military officer. He was one
of the five most powerful military men in the
country.

I met General Sani Abacha for the first time in
1979 in his house in Kano, his native town. I was
introduced to him at home, by his son, Ibrahim
Sani Abacha, but anytime I met him at home, I
used to greet him. He knew I was one of the
friends of his son and he knew my name. I do
not think he knew any other member of my
family. After he assumed power, I continued to
meet him in the same manner as before. At no
time did I have commercial or business links with
General Sani Abacha. Our discussions were
strictly limited to political exchanges. After the
death of Mr. Ibrahim Sani Abacha, I continued
visiting the home of the general as in the past,
but this time in company of Mr. Mohammed Sani
Abacha. At this juncture, the general became
aware of my training, asked me a few questions
on the economy, but we never had any business
relationship.

Mr. Ibrahim Sani Abacha As I said earlier, he was
my childhood friend. I knew him when we were
very young. It is possible for him to bear Alhaji
instead of Mister, which, according to Islamic
culture, means that Mr. Ibrahim Sani Abacha has
gone on pilgrimage to Mecca.

Therefore his name can also be Alhaji Ibrahim
Sani Abacha. It was Mr. Ibrahim Sani Abacha
who was my friend. Mr.Mohammed Sani Abacha
only came in after the death of Mr. Ibrahim Sani
Abacha. Ibrahim and Mohammed Sani Abacha
brothers had an international sugar company.
Therefore as early as 1985, we had business links
without being business partners.

As far back as February 1994, Mr. Ibrahim Sani
Abacha and myself became business partners and
Morgan Procurement Corporation was
established thereafter. Our partnership began
under the following circumstances: For several
years, even before I went on course to
Washington, Mr. Ibrahim Sani Abacha, had
proposed that we work together; I had been
refusing because before 1993, I did not want to
work and, in 1993, my job in Washington took
most of my interest and time; I agreed to work
with Mr. Ibrahim Sani Abacha in 1994 because
the latter had a huge fortune and I had a lot of
ideas about how to invest or manage the
fortune. At that time, my fortune was much
smaller than now. Even then, I did not need to
work for a living.

Between February 1994 and today, my fortune
has considerably increased and a big portion of
it comes from funds deposited by the Central
Bank of Nigeria in favour of Mecosta Securities,
in the book of Goldmann Sachs, Zurich, in April
1997.

In reply to a question from the investigating
judge, I explained that there is no direct link
between the rise to power of General Sani
Abacha in November 1993 and the fact that I
accepted in February 1994 to become the
business partner of his eldest son, Mr. Ibrahim
Sani Abacha. It was only coincidental. However,
it is probable that the fact that my new trading
partner is the son of the head of state
contributed to a large extent to the expansion
of our business.

I am aware that my hearing will last at least a
whole day, but I am prepared to go through it. I
already have appointments tomorrow, but I can
easily come back to Geneva. Meanwhile, I am
leaving a copy of a diagram showing the
itinerary of funds, the third agreement dated 16
August 1999 signed with Nigeria, as well as the
draft law negotiated between the parties and
which was to be deposited with High Court of
London for authentication''.

Firstly, congratulations Mr. President-elect on your historic victory in the March 28, 2015 presidential election.

In your widely circulated "Covenant With Nigerians," war against corruption featured prominently. In my view there is no better way to bring your national anti-corruption strategy to life than by focusing on ending the culture of impunity, vis-a-vis corruption. A classic example of impunity comes to mind in the recent infamous forfeiture of more than $480 million in corruption proceeds (originating from Nigeria) hidden in bank accounts around the world by one of the gubernatorial candidates, Senator Abubakar Atiku Bagudu, running in the coming guber contest in Kebbi State, April 11, 2015.

As a patriotic Kebbian and Nigerian, just like you are sir, I cannot just fold my arms and look the other way when kleptocracy is involved; officials stealing from their own government treasuries at the expense of their citizens. As recently as August 6, 2014, a judgment was entered by a U.S. District Court Judge John D. Bates of the District of Columbia against the companies of the said gubernatorial candidate (Senator Bagudu), in the largest kleptocracy case ever in the history of the U.S. Department of Justice.

Evidently, rather than serve his country, Senator Bagudu took undue advantage of association with the Abachas and looted millions of dollars, engaging in brazen acts of kleptocracy. With the August 6, 2014 judgment, the U.S. Department of Justice, Criminal Division, denies a kleptocrat Bagudu the fruits of his crimes, and protects the U.S. financial system from money laundering. Now, it's your turn, sir, to complement the U.S. efforts by helping to extradite this criminal (hiding behind your shadow) to Washington DC to face justice, when the Interpol comes knocking soon. Kebbians, Nigerians, and indeed the world will be watching to see if your actions (this time around) are going to match your speeches about fighting impunity in high profiled corruption cases like this one.

To put this case in perspective sir, the complaint against Sen. Bagudu (and others) alleged that he was the mastermind of systematically embezzling billions of dollars in public funds from the Central Bank of Nigeria on the false pretense that funds were necessary for national security.

In another development, Sen. Bagudu's company also allegedly sold Nigerian government bonds at vastly inflated prices, using a criminal scheme, generating an illegal windfall of more than $282 million. Equally, extorted more than $11 million from a French company in connection with payments on government contracts. Funds involved in these schemes were allegedly laundered through the U.S.

Sir, I have heard that the vice-president - elect promised to not go after those who have perpetrated corruption before your election. I pray that's not true. Nigerians expect you to go after those who stole the future of their children. Though, you should not allow this to distract you from fighting the cronic insecurity, as a priority. However, we cannot afford to let high profile looters like Sen. Bagudu to go Scot-free. They must pay if only to serve as deterrence to future thieves.

Sir, as you already know, perception is very important; and first impression carries a lot of weight. At this crucial moment, please avoid making your predecessor's error. Both President Obasanjo and Jonathan were unable or unwilling to help extradite an alleged drug kingpin, Senator - elect Buriji Kashamu, to the U.S. (where he is declared wanted) to face justice.

For 17 years, Senator - elect Kashamu has been wanted in the U.S. for allegedly acting as the kingpin of a drug smuggling and money laundering ring. There has been talk at times in Nigeria about extraditing him to the U.S. to face justice. But being a strong supporter of the PDP, the move always seemed unlikely. Now, Kashamu is going to be sworn in as a senator, making the possibility even more remote, unless you, sir, step up to impunity, as you promised Nigerians to do.

Accordingly, Senator Bagudu (APC - Kebbi State) and Senator - elect Kashamu (PDP - Ogun State) cases ought to be your first test case to ascertain your determination to put a stop to the culture of impunity, vis-a-vis corruption in Nigeria. Sir, please make this one of your 100-days-in-office potential mission accomplishments. This will send a strong, practical and unmistakable signal to the national and international community as to where you stand today on corruption; leave no one in doubt about your zero tolerance for both corruption and impunity.

Serendipity! Luckily for you sir, strong, new partners in the war against corruption. March 30, 2015, precisely two days after your historic election victory, the FBI announced the establishment of international corruption squads targeting foreign bribery and kleptocracy crimes.
Special Agent, George McFachern, who heads up the international corruption unit at FBI Headquarters, explains that the squads were created to address the national and international implications of corruption. That these squads will help keep the Bureau at the forefront of U.S. and global law enforcement efforts to battle international corruption and kleptocracy.

Sir, in the short term, one of my motivations for writing this open letter to you is to help inform the Kebbi State electorate to not waste its votes April 11, 2015 on Senator Bagudu in the gubernatorial contest. But, in the long term, if by accident he got the advantage of your momentum and scale through, then, you yourself will have the opportunity to prove to Nigerians that impunity has no hiding place with you, from any quarter, by helping to get him extradited to the U.S. to face justice. Sir, what better demonstration of zero tolerance for corruption can there be?

I for one sir, as a Kebbian (and a U.S. citizen), in collaboration with our organization, Kebbians In The Diaspora Association (KITDA) of which I happened to be the president, am more than ready to work with you on the two cases cited in this letter, to fight impunity by finishing the work U.S. Justice Department started.

I will be contacting your office in due course, as a follow up to this letter, as soon as KITDA procure the necessary documents at hand requesting for the cooperation of the Nigerian government to extradite these alleged criminals to face justice in the United States.

Thank you sir. And God bless the Federal Republic of Nigeria!
(Prince Kabir Abubakar wrote from Maryland, USA. +14439457478)

Abacha's Loot & Mohammed's Deal

The the Verdict By Olusegun Adeniyi
Email: olusegun.adeniyi@thisdaylive.com

Apparently taken aback by what it considered a crooked deal by the Federal Government, Transparency International (TI) has described the withdrawal of charges against Mr. Mohammed Abacha as an act of encouraging impunity. A statement by its Regional Director for sub-Saharan Africa, Chantal Uwimana, said:

“Allowing the theft of public funds to go unpunished sends the wrong message that those with powerful connections can act with impunity. The case should have been fully prosecuted and the government has not given adequate reasons for dropping the charges.
Corruption is widespread in Nigeria and despite claims by the government to make tackling corruption a priority too few people have been held to account for a series of high profile scandals.”

Given the way this administration has treated (with levity) the challenge of corruption in our country, it is very easy to understand the basis of the damaging statement by TI. However, having followed the Abacha loot recovery story for almost 15 years, I support all efforts to bring a closure to the sordid affair.

Nevertheless, I am also aware that there had been at least four previous agreements with the
Abacha family that did not stand so I keep my fingers crossed about this deal. For those who
may not be fully acquainted with the dirty details, a recap may be necessary here.

Following General Sani Abacha’s death on June 8, 1998, General Abdulsalami Abubakar assumed power. A month later on July 13, 1998, apparently having seen evidence of monumental looting of the treasury by his late predecessor, then Head of State instituted the Special Investigation Panel to establish “cases of swindled public funds and recover same back to the federal government coffers”. The panel was also to identify the culprits and recover all properties or assets illegally acquired by the culprits.

Within a matter of days, the panel had secured records from the apex back which revealed that between November 1994 when he took over and June 1998 when he died, Abacha had taken from the CBN funds totaling $2,263,520,497 in cash withdrawals, travelers cheques and telegraphic transfers, in the name of “security vote”. However, the job of the panel was made easy by the fact that one of the Abacha family associates, Alhaji Abubakar Bagudu (currently a senator representing Kebbi Central) was ready to cooperate by returning some of the loot.

The first yield came just a few weeks after Abacha’s death when the CBN Director of Foreign Operations, Mr. M. R. Rasheed, on 21
September 1998 acknowledged receiving from Bagudu the sum of US$604,743,187.19 and GB £60,090,984.93. There was an additional GB £ 5.25 million from Bagudu a few days later to complete what was considered full and final settlement with the Federal Government. And with that, on May 26, 1999, just three days before handing over power, General Abubakar promulgated Decree 53 of 1999 on forfeiture of assets by certain persons which listed the monies returned by the Abachas.

The import of the decree was that the family of Abacha and some of their conduits like Bagudu, Gilbert Chagoury, Mark Risser et al would not face any civil or criminal prosecution on account of the forfeitures.

But a few months after President Olusegun Obasanjo assumed power on May 29, 1999, it became evident that Abacha and his cronies had actually fleeced Nigeria to the tune of about $ 4 billion in several deals that included inflation of (or unexecuted)
contracts, the Ajaokuta debt-buy—back scam, shady oil transactions etc. That began another round of tricky negotiations with the family with then Attorney General and Justice Minister, Mr. Kanu Agabi, SAN, acting on behalf of the federal government.

The yields from those negotiations were: $110 Million from Uri David; $50 million from Abdulkadir Abacha (younger brother to the late
Head of State); $170 million from Doraville Properties and various sums totaling hundreds of millions of US Dollars from Switzerland.
Since then, the Abacha family, even while instituting several legal actions of its own against the Federal Government, has been seeking a closure to the civil and criminal proceedings in Switzerland, United Kingdom, Liechtenstein, Luxemburg, Spain, New Jersey
(USA) etc. as well as at home. That was what the Jonathan administration recently obliged and interestingly, part of the deal is that “the
Abacha family would wish to bring assets back to Nigeria so that these could be invested in the Nigerian economy.”

The Federal Government received the sum of $227 million from the Government of the Principality of Liechtenstein as part of the looted funds from the Abachas and another $380 million is expected from Luxembourg within the next two weeks. And quite typically, a committee has been set up by the Jonathan administration, this time on how to spend Abacha loot! Yet for me, since these monies are coming in because of a deal that grants reprieve to the Abacha family, the Federal Government needs to come out clearly to tell us how much has been recovered from 1999 to date, how much has been spent(and on what and when) and what remains (if any). Aside the issue of transparency, the fact also remains that Abacha loot really does not belong to the Federal Government alone but indeed the Federation which means the 36 states and the 774 Local Governments ought also to be beneficiaries.

However, the jury is still out as to whether the deal between the Federal Government and the Abacha family will stand. For instance, Decree 53 promulgated by General Abubakar was premised on the assumption that the Abacha family had “vomited” enough of the loot. Under Obasanjo, there were also three of such agreements that never worked. The first one was in 1999 but the most interesting was that of March 2002.

Acting on behalf of the Obasanjo government, Agabi had signed the “Global Settlement Agreement” which also stipulated a complete resolution of all civil and criminal issues worldwide between the government and the Abacha family as well as associates. The seven-page document also did not stand. So, I am waiting to see how this one too will work out and if it does, whether another government will not in future discover reasons why the Abacha family should “cough out” more money.

I know many people have wondered how Abacha was able to take as much money from the Nigerian treasury but the manner in which he did it would make for a bestseller novel because the details are actually stranger than any fiction:

His National Security Adviser, Allhaji Ismaila Gwarzo, would make a request, Abacha would endorse and the CBN would release the cash.
And it all started less than two weeks after he took over power from Chief Ernest Shonekan. In a letter dated 30th November 1994, Gwarzo requested for US $100 million to combat “an economy that was deflected and distorted through the black market”. By the arrangement, the dollar was to be sold through Bureau De Change dealers at the then prevailing exchange rate, with a view to mopping up the naira, and beefing up its value. Having apparently been briefed by Abacha, then CBN Governor, Dr. Paul
Ogwuma released the cash in the following sums: US $95 million and GB £ 3.2 million.

Abacha’s son, the late Ibrahim was to sell the dollars in the black market and remit the naira equivalent to the CBN through Gwarzo. The
transaction was indeed carried out even though the money eventually returned to the CBN was not up to what was received. However, the import of that first transaction was that Abacha had realized just how easy it was to directly take money out of the CBN and
that became a perfect scam for him. All that was then needed was a letter from Gwarzo seeking approval for any sum of money in the
guise of “security” and the CBN would release such demand in cash. So primitive was the whole arrangement that the principal job of
some security officials was to be bagging and re-bagging millions of Dollars and Pound
Sterling. The following are a few of the documented transactions:

On February 13and 15, 1995 Gwarzo collected US$200,000 and US$600,000 respectively (totaling $800,000) from the CBN. This was
sequel to Abacha’s approval of his letter dated 15th February, 1995 in which he requested for US dollars $4 million and GB£ 2million “to take care of some developments in a number of areas…” The $800,000 was part payment for the approved sum of US $4 million while the balance was paid in Travellers’ Cheques. On 29th December 1995, Gwarzo collected from the CBN the sum of US $5 million based on
Abacha’s approval of his letter to deal with “situation at hand”!

The reasons given in many of the letters seeking approval to take money out of the CBN beggar belief but having “started small”, Abacha
apparently became more emboldened with time. On 23rd August, 1996, Gwarzo collected US $30 million from the CBN following Abacha’s
approval of his letter dated 20th August 1996, requesting for the said money to “assist our immediate neighbors and others within this
sub-region”. On 18th December, 1996, Gwarzo collected US $ 66.5 million and GB £20 million following Abacha’s approval of his letter to meet “some requests from Heads of State of some Francophone countries, and to cultivate African solidarity.”

A month later on 30 th September, 1996, Gwarzo collected US $ 50 million and GB £20 million from the CBN sequel to his letter dated
24th September 1996, requesting for the money to “prop some African and other Third World countries” to assist in Nigeria’s “democratization and economic recovery”. On 28th April, 1997, Gwarzo collected US $60 million GB £30 million sequel to Abacha’s approval of his letter dated 22nd April 1997, in which he requested for the said sums for “public relations to international communities and organizations”.

On 9th July, 1997, Gwarzo collected US $ 5 million from the CBN following Abacha’s approval of his letter dated 23 rd May, 1997 to
meet all “demands and commitments as directed”. A month later on 8th December, 1997, Gwarzo collected US $120 million and GB
£50 million sequel to Abacha’s approval of his letter dated 26th November 1997. And on 19th January, 1998, Gwarzo collected from the CBN the sums of US $100 million and GB£ 50 million to “counter insinuations that (Lt. General Oladipo) Diya’s coup was not real, and the
government framed them to remove and replace the coupists with stooges.” The interesting thing about this particular
transaction was that while re-bagging the money, “four cartons containing a total of about US$ 8 million were set aside” in Gwarzo’s
own residence, while the balance of US $57 million and GB£ 30 million were delivered to the late Head of State through Mohammed Abacha.

On 25th October, 1997, Gwarzo collected US$ 80 million and GB £40 million “to sponsor military intervention in Sierra Leone, and garner
support for same in the West African Sub-region.” On 30 th April, 1998, a few weeks before Abacha died, Gwarzo collected US $ 80
million, GB £50 million and N250 million based on his letter dated 29 th April 1998 for the conduct of an enlightenment campaign on the
“virtues” of an “Abacha Presidency”.

In a few days time the electorate MAY Mistakenly vote in one of the most corrupt politicians in as the Governor of Kebbi State in the person of Senator Atiku Bagudu of the All Peoples Congress. Bellow is evidence already in public domain.


Aziri Okoro: This is great, he has finally seen the night, he is dumping the sinking ship at last.

Babatunde Oduwa: This is the calibre of people we need in APC, a man of the people

Hassan Keita: Let all the remaining people in PDP know that Change is here to stay, Hurray!!!


But, do they know who ATIKU BAGUDU is?

Bagudu became a close friend of Ibrahim and Mohammed Abacha, sons of military ruler Sani Abacha. He and Ibrahim Abacha were involved in a scheme to buy vaccines and resell them to the government at a steep mark-up, earning $66.6 million profit.

Later, he helped divert much larger sums of money that had been earmarked for security spending into foreign accounts. security
spending into foreign accounts.

After Abacha died in 1998, the interim military government that followed started an investigation into misuse of state funds.
Mohammed Abacha and Abubakar Atiku Bagudu, his business manager, returned $750 million. There was no criminal prosecution. Bagudu moved to the USA in 2000, and in 2003 was detained there for six months on charges of financial misdeeds during the Abacha era. He was released in November 2003 on condition that he repaid about $300 million to the Federal Government of Nigeria.


The administration of President Olusegun Obasanjo apparently made a deal to recover part of the money in return for dropping prosecution and leaving the remainder with the family.

Bagudu was Chairman of Phil Nugent Nigeria Ltd. from 2004 until December 2005. He was Abacha’s conduit through whom passed most of the $4-5 billion Abacha was reputed to have stolen.

Considering how much money Bagudu made from that administration, he had lots of cash to spend and win the senatorial election. He won overwhelmingly, polling 285,578 votes out of the 310,800 total votes cast. The Democratic Peoples
Party, DPP, candidate, Alhaji Sambo Aliyu, who scored 8,377, emerged a very distant second, while 16 other candidates got inconsequential votes. The ANPP boycotted that election.

Let’s share some more details of Bagudu’s role in the Abacha government. According to a report by a news magazine, The News: He had set up Morgan Procurement Corporation and Mecosta Securities which, as the press put it, “were involved in the illegal transfer of hundreds of millions of dollars from the Nigerian state to the Abacha family.”

According to other reports, Mohammed Abacha and Bagudu siphoned $66m from the $111m purchase of vaccines from the French firm
Pasteur Merieux.

Senator Bagudu is also the Chairman of the committee that was set up to investigate the NIS recruitment scandal which killed tens of youths across Nigeria.

With such a character placed in charge of the NIS recruitment investigation, does anyone have any hope that a thorough job will ever be be done? Does Bagudu have any moral right to stand among decent members of the society to perform such a function not to talk of contesting an election?


Nigerian voters in Kebbi State shine your eyes.

Long Live Nigeria
Long Live Kebbi State

Kagarko:
Op we are supposed to sue you for defamation. It's only the court that can declare one looter or not.


And incase you don't know the New political ideology of the North you can't call yourself political analyst.


The ideology is APC sak

meaning APC all through. Not even minding the occupant of the offices.

Kebbi sai APC sak

Sue me for defamation? Try to do a search on Google about your candidate and see if it is defamation or not.

Also you did not tell us if there is verifiable evidence that he was an accomplice in the looting. Remember he signed a plea bargain deal which enabled the refund of the a huge part of the stolen funds money .

The question here is who does the cap fit? You also know his election to the Senate was due to the money he threw around and the fact that the then ANPP did not field a candidate in that election.

My dear friend I have lived amongst your people and I understand their own brand of politics.

Kebbi2015 Governorship Elections; Who Will Win
The Hearts and Mind of The People?

A simple search on Google shows news evidence
going back as for as 2006 on how the APC
candidate (Sen. Bagudu who was the conduit for
the Abacha family) in fact the island of Jersey,
United Kingdom & US government seized and
repatriated $450M he and the Abacha's son stole
from the coffers of the government of Nigeria).
Also an investigation led by the US Government
during the Obasanjo era saw him being
incarcerated in the US for 6 months which led to
a refund of $66M.

In fact the fellow won the APC candidate got the
ticket 24 hours after decamping from the PDP
after loosing the primary. Moreover his emirate
and senatorial district have already produced a
governor in the person of adamu aliero. He also
was senate chairman on interior when the NIS
recruitment debacle that saw young people die.
The PDP candidate Major General S. Y. Bello rtd
is a prince and a trained lawyer from the famous
zuru emirate and incidentally was until retiring
from the army was the National Coordinator on
Counter Terrorism at the Office of the National
Security Adviser (he was more or less the
defacto NSA) .

Other high points of his career include:

- Leading (in the real sense of it) the assault and
capture of tompolo's famous Camp 6 during the
Niger Delta militancy as commander of Joint
Task Force Operation Pulo Shield in the Niger
Delta.

- As GOC 82 Division, Enugu led personally the
assault and capture of the famous kidnapper
"Osisikankwu" who terrorised and almost
brought abia state to its knee's.

It's pertinent to note that the Zuru Emirate is
one of the Emirates who have not had the
opportunity to rule the state and in the spirit of
equity deserve the opportunity to govern and
develop the state.

Who does the cap fit? The Prince/General/
Lawyer or the looter?

Gabriel M is a political analyst of south south
extraction and resides in the South West.

Kebbi2015 Governorship Elections; Who Will Win The Hearts and Mind of The people?

A simple search on Google shows news evidence going back as for as 2006 on how the APC candidate (Sen. Bagudu who was the conduit for the Abacha family) in fact the island of Jersey, United Kingdom & US government seized and repatriated $450M he and the Abacha's son stole from the coffers of the government of Nigeria). Also an investigation led by the US Government during the Obasanjo era saw him being incarcerated in the US for 6 months which led to a refund of $66M.

In fact the fellow won the APC candidate got the ticket 24 hours after decamping from the PDP after loosing the primary. Moreover his emirate and senatorial district have already produced a governor in the person of adamu aliero. He also was senate chairman on interior when the NIS recruitment debacle that saw young people die.


The PDP candidate Major General S. Y. Bello rtd is a prince and a trained lawyer from the famous zuru emirate and incidentally was until retiring from the army was the National Coordinator on Counter Terrorism at the Office of the National Security Adviser (he was more or less the defacto NSA) .

Other high points of his career include:

- Leading (in the real sense of it) the assault and capture of tompolo's famous Camp 6 during the Niger Delta militancy as commander of Joint Task Force Operation Pulo Shield in the Niger Delta.

- As GOC 82 Division, Enugu led personally the assault and capture of the famous kidnapper "Osisikankwu" who terrorised and almost brought abia state to its knee's.

It's pertinent to note that the Zuru Emirate is one of the Emirates who have not had the opportunity to rule the state and in the spirit of equity deserve the opportunity to govern and develop the state.

Who does the cap fit? The Prince/General/Lawyer or the looter?


Gabriel M is a political analyst of south south extraction and resides in the South West.

zicoraads:
Nigger...you really need to get your facts right. Which one is 'Nasal'?

Nasko is of the PDP...Abu Lolo is coming out for the APC. It's Ibeto...the deputy governor that decamped to the APC after loosing out in the guber race.

When it comes to matters relating to the PDP in Niger, I am King

Bros abeg give me the low down on Niger State. which of the candidates is on the lips of voters in the state?

Ikenna351:
You will likely source for engine sensors or components online or outside the country. We have more petrol Peugeots than HDIs in Nigeria.

Ikenna

So you mean I can't get any engine component or sensors in Nigeria?

I know it shares the same transmission with the petrol engine 407

One of the closest Igbo man to the President Elect is Dr Chris Ngige Onwa, a Senator who was defeated in the Senatorial Election.

See how bad Igbos are at strategizing? They couldn't override a pathological hatred for General Buhari to make a hedge bet and return this man to the Senate, to enhance his chances at Senate President, incase General Buhari wins, which he did.

Instead folks played tribal and religious politics to the tilt as drunken sailors, and failed the man and the chance to make history as Senate President.

That's what happens when emotions trips common sense and folks succumb to hustlers like Peter Obi and Arthur Eze, hustlers after their own interests instead of the masses they pretend to serve.

I urged caution, I pleaded that we were making a huge mistake to hitch our wagon on Jonathan who wasn't going to win. And predictably he lost, so also our chance in the new administration.

I hate to gloat.

But maybe, maybe, only maybe he gets a good ministerial appointment, but nothing beats being Senate President.

Igbos are very bad at politics.

Fifty years after independence, we are yet to produce a president when others have taken multiple turns. Our answer? Blame others! If only you can remove - "Hausas didn't do this or Yorubas didn't do that", perhaps the god of politics will bless our lot.

And sadly it won't stop until we learn to coexist with others instead of our 'better than thou' attitude when dealing with the Hausas and Yorubas. We are not better than anyone, these folks we thumb our noses at, are God's creatures like us.

We don't like the Hausas and we don't like the Yorubas, yet we populate their States in search for our livelihood.

Our politics should mirror our economic aspirations, not the other way around. There is no wisdom in living in the North, earning a living, yet despise the Northerners. That's being ungrateful. The gods of politics don't like that.

How long can this collective amnesia insulate us from meaningfully seating at the table, making contributions to Nigeria's political evolution?

How long can this foolishness go on?

How long?

There is a miserable silence across the land today, because we are realizing that we were sold off for pennies by pimps who parade as Igbo leaders.

Where are they now?

Ikenna351:
Good morning.

The best of the HDI engines in 407 are the 2.2 L & 2.7 V6, in terms of fuel economy and power.

Since you want auto transmission, you may have to forgo 2.2 L HDI since it comes only with 6-speed manual transmission. The city driving consumption is about 34 mpg (8 L/100km). While highway consumption is about 55 mpg (5 L/100km).

The 2.7 V6 HDI comes only with 6-speed auto transmission, which makes it very fuel economical. The city driving fuel consumption is about 24 mpg (12 L/100km), while highway consumption is about 44 mpg (7 L/100km).

I heard about 3.0 HDI, but yet to see one or find it in Peugeot database.

Ikenna

Thanks for the reply.

Parts and maintance issues nko

jodeci:
This thread is for MEN,boys keep off.

lol

Hi Guys,

For someone who is interested in a 407 diesel with automatic transmission which of the trims would you advice?


Ikenna and Sienna please your help is needed here.

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CLIENT EDUCATION ON ARMOURING & ARMOURING LEVEL STANDARDS

EN 1063, or CEN 1063, is a security glazing standard created by the European Committee for Standardization for measuring the protective strength of bullet-resistant glass. It is commonly used in conjunction with EN 1522 (Euronorm standard for Bullet Resistance in Windows, Doors, Shutters and Blinds) to form a ballistic classification system by which armored vehicles and structures are tested and rated.[1] A similar classification system primarily used in the United States is NIJ Standard 0108, the U.S. National Institute of Justice's Standard for Ballistic Resistant Protective Materials which includes glass and armor plate.
Threat Levels

The protective strength of a glazed shielding is rated based on the type of munitions, or threat level, it is capable of withstanding. There are 7 main standard threat levels: BR1-BR7 (also written as B1-B7), each corresponding to a different type of small arms fire. Additionally, there are two other threat levels (SG1 & SG2) corresponding to shotgun munitions.

To be given a particular rating, the glazing must stop the bullet for the specified number of strikes, with multiple strikes placed within 120mm of each other. The glazing should also be shatterproof and produce no spalls after each strike. Lastly, the classification levels are numbered in order of increasing protective strength. Thus any sample complying with the requirements of one class also complies with the requirements of previous classes. However, the SG (shotgun) classes do not necessarily comply with BR classes.[2]

The precise test requirements and bullet types used are as follows:

Euronorm Standard For Security Glazing Class Weapon Caliber Type Weight (g) Range (m) Velocity (m/s) Impact Energy Shots
BR1 Handgun/Rifle .22 LR LB/RN 2,6 ± 0,1 10,00 ± 0,5 360 ± 10 170 J 3
BR2 Handgun 9x19mm Parabellum FJ/RN/SC 8,0 ± 0,1 5,00 ± 0,5 400 ± 10 640 J 3
BR3 Handgun .357 Magnum FJ/CB/SC 10,2 ± 0,1 5,00 ± 0,5 430 ± 10 940 J 3
BR4 Handgun .44 Magnum FJ/FN/SC 15,6 ± 0,1 5,00 ± 0,5 440 ± 10 1510 J 3
BR5 Rifle 5.56x45mm NATO FJ/PB/SCP 4,0 ± 0,1 10,00 ± 0,5 950 ± 10 1800 J 3
BR6 Rifle 7.62x51mm NATO FJ/PB/SC 9,5 ± 0,1 10,00 ± 0,5 830 ± 10 3270 J 3
BR7 Rifle 7.62x51mm NATO FJ/PB/HC 9,8 ± 0,1 10,00 ± 0,5 820 ± 10 3290 J 3

LB - Lead Bullet
FJ - Full Metal Jacket
FN - Flat Nose
RN - Round Nose
CB - Cone Bullet
PB - Pointed Bullet
SC - Soft Core (lead)
SCP - Soft Core (lead) & Steel Penetrator
HC - Hard core, steel hardness > 63 HRC[3]

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