₦airaland Forum

PDP and fraud


be like garri and groundnut

They called him madman, can it be true ??

Scammer was booked as 'aide' to senate president , hence why he has diplomatic immunity


a thief will always be a thief

hope theres bress in the video

I am sure Atiku will be served the subpoena he's been avoiding in person


His case is still active

Really nice move

good

Damn

i hope they cut his tongue and disfigure him very well

its his type that brings disgrace to everyone who uses big phone or laptop even if its not yahoo boy

They know Buhari is everything good

Serial liar and fraudster

Atiku was booked as aide to senate president nobody invited him

Senate president visit to United States:

We can not apprehend Atiku because of our Diplomatic ties to nigeria .He's been booked booked as an 'aide' to Nigeria's Senate President.


US Department of African Affair


This appears to be true, Nigerian Embassy was not aware of his arrival in the US , that means they didnt issue him visa

Atiku indeed went as boy boy to saraki


lalasticlala ,mynd44 , oam4j people desreve the truth

that's dumb reasoning, questioning is not conviction

SalamRushdie:
hahahahaha I see Buhari is bent on replacing Gbabgo at the hague

Maybe it didnt occour to you that both presidential candidates will have same followers


i follow them both for updates

so dont celebrate Mediocrity

lol


which job did pdp give upi ??

Lotachukwunna:
The reason why I love PDP than APC is that they create jobs, make things easier for the people. Even though they were and always accused of embezzlement but Nigerians didn't feel it because they things easier for the people. I there time you must see something doing for a living. The one that baffles my a lot is the case of former minister of Petroleum who embezzled up to Trillion naira but it never affect the people. I know it affected the economy but it was not noticeable.
APC hmmm, nothing to write home about. We haven't finished first half with them and people are dying in the pitch. To say the truth in this country is another case. All I'm sure that they are 100% aware they have fail the people. And Mr. President pleased not to run for second tenure during his campaign for his first regime, I put it to Him to be man and stand on his words. Anyone that's enjoying President Buhari's government is either anyway related to Mr. President, or APC officials.
I will continue once I become a senator like Dino Melaye because I don't have money to bail myself if I'm arrested for saying the truth. I don't say Mr. President is not working tirelessly for the good of the Country, it's just that his ruling ideology, principles and philosophy is not effective on Nigeria, I mean it's outdated. Whether he win or loses the election, he should come with a new effective ideology and philosophy of leadership not rulership, because I don't understand and as well ponder the reason why government share 5,000k each at the market places last year.

Another flatiniiiii bites the dust , one less disgrace to nigeria

madridguy:

Lieful parrot, sensible people know that Atiku made a deal

he tried that earlier with UK telling him they cant guarantee his safety


stop celebrating mediocrity

truthfulparrot:
Who else noticed that many PMB aides and BCO members are no longer loudly criticizing Atiku and PMB....? That is politicians for you. Some of them are already feeling the signals that Atiku may win and they want soft landing for themselves.
I stopped supporting PMB when I observed that he sorrounded himself with the same corrupt politicians and that he was not in charge of his government.
Buhari himself said it that old age is limiting his performance. APC commited the blunder of presenting PMB.
What happened to Jonathan will soon happened to PMB. A lot of his aides and supporter may betray him.come Feb 16. I just hope the cabal will not mislead him not to concede defeat.

assasination attempt







at least tats how some people will see it

Wat that document basically Means is

Dear judge , please stop EFCC,POLICE,DSS & ARMY from arresting me if i post

1 Nnamdi kanu is on a freighter ship and will be drowned in Atlantic Ocean by Army

2 Bola Tinubu faints or loses relatives anytime good things happen to him


and any other rift causing tweet , if the aforementioned people should arrest me, i am entitled to 20 million


This is how confident these motherfuckers have grown because Buhari chose to be a true democrat

post=74870220:
These animals have seen Baba's gentleness so much and they are now taking it for a ride.
Can they ever try half of such with OBJ?
Despite all the trash FFK is saying, typing, writing that could bring war and disrepute to the nation, he still has the mind of dragging 'the nation' to court?!
This is the height of it.
He should be adequately dealt with.
A Bastard will always be a Bastard!
It is not surprising to see some youths supporting the lout, birds of same feathers.......

2919 ??


Your 10 generations to come will be deciding by then

funny news stupid journalist and idiotic blogger

1 She was fighting over inheritance

2 She was killed over inheritance

common sense

Sha dey acquire up and down

4+4 = NEXT LEVEL

Smartest Answer

Let the court and state assembly deal with it


Idiotic pigs of redmud land think everybody has to be sentimental and emotional in everything

Constitution provides that corruption indictment against a sitting governor has to be decided by state's house of assembly, not the President

and to think likes of Ibori ,PEJ,GEJ,Madueke ,Metuah and literally 80% of Indicted PDP members are not in Prison yet because of shitty judiciary but the Shidren of hate want Ganduje gone by all means is quite the definition of hypocrisy

lolol

She wants to provide video evidence on how she made billions of naira and millions of dollars ??

we hope to see that video soon , but we also demand futher clarification on the following

1 Why did she claim it was her dead mother's money , then claimed it was donations from friends ? oh you think we forgot ? no ?

2 Why is the sole signatory to accounts in the name of her aides including kitchen staffs and gardeners ? Yes we remember ?

3 $5,9M account balance in SkyeBank, how did she raise it ?

4 1Trn naira balance in Fidelitybank who owns it ?

5 All these $8M , 1.2B naira we are just reading about , where is it from ?

6 Despite the fact that her EFCC placed limits on $ transactions for all Nigerians. who helped her withdraw $1M ?

and tp think some foolish moroons are shouting PDPiiiig up and down disgists me

hmmmm

awesome

now thats news

In September 2015, Beyoncé sat on a yacht drinking sparkling wine with her legs wrapped under a striped, earth-toned blanket as the Faraglioni rocks, near Capri on Italy’s west coast, passed by.

The singer and her husband, Jay Z, paid a reported $900,000 that week to sail the Mediterranean Sea on the Galactica Star, a 65-meter private cruiser with a helipad, 10 dining areas, Jacuzzi and sun deck.



Unknown to the celebrity couple, the yacht’s owner was soon to be a wanted man.
Held through a shell company created by the law firm at the heart of the Panama Papers scandal, Mossack Fonseca, the yacht is now caught up in a massive investigation in Nigeria. The government claims the yacht was bought with profits from crude oil sales that were diverted and never paid to authorities.

The Galactica Star’s owner is Kolawole Aluko, a petroleum and aviation mogul who is one of four defendants accused of helping to cheat Nigeria out of nearly $1.8 billion owed to the government on massive sales of oil. In a separate investigation, Nigerian authorities are also reportedly probing whether Aluko helped smuggle millions of dollars out of the country as kickbacks to Nigeria’s former petroleum minister, Diezani Alison-Madueke.

Aluko is part of a constellation of Nigerian oil executives, state governors, cabinet ministers, military officials and tribal chiefs within the Panama Papers. Mossack Fonseca, a Panama-headquartered law firm with offices around the world, worked for three former Nigerian oil ministers who used companies to buy boats and homes in London, the records show.

The prevalence of Nigerians within the Panama Papers may be no coincidence. Nigeria loses more money from illicit activity, including graft and corporate tax abuse, than any other African nation, research by anti-corruption groups indicates. As much as 12 percent of Nigeria’s annual gross domestic product is lost to illicit financial flows, according to Oxfam.

“Our firm, like many firms, provides worldwide registered agent services for our professional clients (e.g., lawyers, banks, and trusts) who are intermediaries,” Mossack Fonseca told ICIJ. “As a registered agent we merely help incorporate companies, and before we agree to work with a client in any way, we conduct a thorough due-diligence process, one that in every case meets and quite often exceeds all relevant local rules, regulations and standards to which we and others are bound.”

From left, Kola Aluko, with fashion designer Ozawald Boateng and Oscar-winning actor Jamie Foxx at a charity event
i Photo\\: Brian Ach / Invision for Africa50 / AP Images
From left, Kola Aluko, with fashion designer Ozawald Boateng and Oscar-winning actor Jamie Foxx at a charity eventMossack Fonseca declined to answer specific questions and said, in providing its services, “we follow both the letter and spirit of the law. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing.”
In October 2015, London police questioned Alison-Madueke, Nigeria’s oil minister from 2010 to 2015, as part of investigations into allegations of bribery and money laundering. The investigations are ongoing. The ex-minister, who graduated with an architecture degree from Howard University in Washington, D.C., in 1992, is in London undergoing cancer treatment, her lawyers said in a public statement.

Media reports have described Aluko as a key ally to Alison-Madueke, a relationship both have previously denied. He rose to prominence around 2011 when Nigeria’s government awarded two companies he founded or owned valuable oil blocks on a no-bid basis. One of his companies, Atlantic Energy, was created the day before it inked the deals to acquire multimillion-dollar oil licenses.

Aluko is part of a circle of oil traders who are the subject of frequent media speculation in Nigeria. His lifestyle has earned him the reputation of being Nigeria’s playboy. He bought an apartment in Manhattan for $8.6 million and, according to The New York Times, paid more than $70 million to buy four homes in Santa Barbara and Beverly Hills.

The Nigerian government won a court order in May freezing assets linked to Aluko, two companies he directed and one of his business partners. The Lagos High Court order listed Aluko’s yacht along with property in London, four homes in California, two penthouses in Manhattan, one in Dubai, 132 houses and apartments in Nigeria and land in Canada and Switzerland. The court also ordered Aluko not to sell or dispose of more than $67 million in four bank accounts in London and Switzerland, an assortment of watches, a 58-car collection and three airplanes.

Through a representative, Aluko told ICIJ that “I have never been prosecuted and convicted in any country. I am aware that a criminal investigation was started in the UK. However, to date I have not been made aware of any law enforcement action to be undertaken against me.”

Aluko told ICIJ that the information relating to the award of oil contracts to his company was “misguided” speculation.

“As a private citizen I organise my business and family matters to maximise convenience, as well as operational and administrative efficiency. My companies operate in accordance with the laws and regulations of the relevant jurisdictions and, insofar tax liabilities arise, they pay taxes in the jurisdictions in which taxes are due to be paid.”

Criminal charges for alleged crude oil fraud against Aluko were dropped in July as a result, according to media reports, of authorities’ inability to locate and serve legal documents on the Swiss resident.

Despite repeated efforts, ICIJ was unable to reach Alison-Madueke. In previous statements published online and attributed to the former minister, Alison-Madueke has denied all wrongdoing.

News reports in Nigeria and Britain indicate that the U.S. Federal Bureau of Investigation, the U.K.’s National Crime Agency and Switzerland’s Attorney General are investigating Aluko for his role in companies and transactions that were allegedly used to conceal Alison-Madueke’s transfer of wealth outside Nigeria.

Switzerland’s Office of the Attorney General confirmed to ICIJ that it had received a request from the United Kingdom in relation to Aluko. U.K. authorities and the FBI did not confirm or deny the existence of an investigation.

Nigeria’s former petroleum minister Diezani Alison-Madueke
i Photo\\: World Economic Forum
Nigeria’s former petroleum minister Diezani Alison-MaduekeMossack Fonseca’s internal records show that Aluko owned four companies in the British Virgin Islands, one of the world’s busiest offshore havens. He was director of another, Fragola Ltd, in the Seychelles. In May 2013, Aluko paid $11.05 million to buy Almaty United Investors Limited, a BVI company that owned property in Dubai.
One of Aluko’s companies, Earnshaw Associates Limited, was directed on paper by a succession of three companies in Nevis, Switzerland and the BVI, financial hubs prized for their secrecy. The company was incorporated three weeks after Alison-Madueke was appointed to head the Ministry of Petroleum Resources in April 2010.

In March 2014, Earnshaw Associates registered a Bombardier Global Express jet in Malta, according to documents sent through Mossack Fonseca. The 18-seat Bombardier is the same model of aircraft that Nigerian media reported Alison-Madueke used during her time in office.

Oil chief
Long before Aluko, Mossack Fonseca had faced questions about its Nigerian customers. In 2007, when the firm’s employees realized that an offshore company was being used by a former advisor to Olusegun Obasanjo, Nigeria’s president from 1999 to 2007, Jürgen Mossack reminded his staff that “in this firm, everyone knows that dealing with Nigerians always gives you headaches. It’s inevitable that this case involves a crime or fraud.”

Other suspect Nigerian deals seemed to have passed unnoticed.

One crude oil sale contract between three offshore companies, for example, provided for commissions so high that, one expert consulted by ICIJ said, the most obvious explanation is that the oil was stolen. Another file is a $12 million loan from a shell company to a Nigerian typed on half a sheet of paper.

“I had to sign dozens of pages of paperwork for my home loan,” said Aaron Sayne, a financial crimes lawyer and expert witness in dozens of oil fraud cases in Nigeria, after looking at the document. “And my home certainly isn’t worth $12 million.”

An oil and gas complex off the coast of Nigeria
i Photo\\: Navin Mistry / Shutterstock.com
An oil and gas complex off the coast of NigeriaIn 1995 – 15 years before Alison-Madueke became Nigeria’s first female petroleum minister – Chief Dan Etete was sworn into the same office.
Etete, a mustachioed power-player from the oil-rich Bayelsa State, served as oil minister until 1998. His tenure became the subject of investigations after he left office. He was convicted in France of money laundering, and authorities in three countries continue to examine allegations that portions of a billion-dollar oil deal involving a company linked to Etete were transferred or pocketed as bribes by political figures and middlemen.

The Panama Papers reveal that Etete and the company, Malabu Oil & Gas Limited, signed a consultancy agreement with an offshore company created by Mossack Fonseca to negotiate the sale of oil blocks to China, a deal that never proceeded. Others documents appeared under Etete’s reported alias, Omoni Amafegha. Amafegha’s company, Pentrade Securities Inc., featured the signature of Richard Granier-Deferre, a French oil trader who was fined approximately $200,000 in 2007 by a Paris court as an accessory to Etete’s money laundering. The company was incorporated in 1998 when Etete was oil minister and opened a bank account in Gibraltar. Amafegha also owned Henkel Investments Ltd, which bought a boat in January 1998.

Etete denied using Amafegha as an alias and said he had never heard of Pentrade Securities Inc. or Henkel Investments. He denied owning or having owned Malabu. “It’s all just enemies that created this misinformation,” said Etete.

“I have nothing to do with any Panamanian companies,” Etete told ICIJ. “I have never been there or sent anyone there to open an account.”

The fall
At his peak, the oil magnate and luxury yacht owner Aluko was a globetrotter whose round face regularly graced celebrity Instagram pages and entertainment tabloids. When he was spotted in Paris in October 2013, Nigerian media trilled at the suggestion he was dating supermodel Naomi Campbell.

Aluko with rapper Sean (P Diddy) Combs in a picture that appears to have since been deleted from P Diddy's Instagram account
Aluko with rapper Sean (P Diddy) Combs in a picture that appears to have since been deleted from P Diddy's Instagram accountThat same year, he launched a $500 million infrastructure development fund alongside Hollywood actor Jamie Foxx and partied in New York City at Leonardo DiCaprio’s 39th birthday bash. He was snapped at the side of rapper P Diddy in Ibiza, Spain, the following summer. The music star tweeted a photo of himself alongside a smiling Aluko with the caption “NIGERIA I LOVE YOU.”
At the same time, tongues wagged back home. Aluko was regularly cited in Nigerian media as one of “the minister’s men,” a clique of Nigerian oil traders who had burst onto the scene and secured a string of oil licenses from Minister Alison-Madueke’s office with startling ease. In 2011 and 2012, Aluko’s Atlantic Energy, which boasted of “strong government relationships,” grabbed eight crude oil licenses in the Western Niger Delta. Atlantic sent tens of millions of dollars of crude oil to Italy, the United States, Germany, the Netherlands and elsewhere throughout 2012 and 2013, according to documents seen by ICIJ.

In September 2014, however, rumors floated in Nigerian media suggested that Aluko and his companies had fallen out of favor with Alison-Madueke. By September, Atlantic defaulted on its loans and owed Nigeria $1.3 billion in cash and other obligations. The Nigerian government and banks sent out confidential pleas to would-be angel investors in the hope they would be willing to step in with $700 million and fill the hole left by Atlantic’s bankruptcy.

Two months later, Mossack Fonseca employees doing a routine background check on Aluko discovered online news articles claiming that Nigerian authorities might ask Interpol, the world’s police body, to help extradite the magnate. Interpol has denied it ever sought the Nigerian. And while the internet chatter was enough to spook some of Mossack Fonseca’s employees, the firm remained at Aluko’s service.

It wasn’t until June 2015 that Mossack Fonseca took a second look at Aluko, after it received a demand from the British Virgin Islands Financial Investigation Agency to produce documents about Earnshaw Associates.

Mossack Fonseca told BVI authorities that “we do not have information about any bank accounts or assets held by” Earnshaw, despite having signed documents more than a year earlier to help Aluko’s company register a private jet.

In August 2015, the situation grew worse when the law firm realized it had no contact or personal documentation for Aluko. One Mossack Fonseca employee worried that this was a potential breach of the BVI’s requirement that offshore middlemen keep such information for at least five years after a company is mothballed.

An employee sought help from Aluko’s Swiss wealth manager, Johnnie Ebo Quaicoe, and shared links to four unflattering online news articles.

“I’m dumbfounded that Mossack Fonseca will print excerpts from tabloids,” Quaicoe wrote from Geneva.

“If Mr Aluko is truly a wanted person,” Quaicoe chided Mossack Fonseca, “he would not be difficult to find because he is a resident in Switzerland.” Swatting the concerns aside, Quaicoe instead asked Mossack Fonseca to assist with a “major” $30 million mortgage with a Luxembourg bank. The loan was to be provided by Banque Havilland S.A. The collateral securing the loan would include the Galactica Star, the boat that Beyoncé and Jay Z had rented for their Mediterranean cruise.

Aluko's yacht, the Galactica Star
i Photo\\: HessenYachts.com
Aluko's yacht, the Galactica StarMossack Fonseca agreed to process the paperwork needed to pull off the loan.
But concerns continued.

In September 2015, a Mossack Fonseca employee discovered new media reports that alleged Aluko was “on the run from the law over several controversial and fraudulent dealings in the petroleum industry.” Employees handling the loan deal asked colleagues for “comfort to proceed without being seen as facilitators to money laundering activities and corruption.”

By October 2015, Mossack Fonseca had had enough – almost.

It cut its final ties with three of Aluko’s four companies, which had been inactive since 2014, and prepared a memo for BVI authorities outlining the law firm’s concerns about Aluko’s activities.

Before sending the memo, however, Mossack Fonseca certified the $30 million loan for Aluko’s Earnshaw Associates. A Mossack Fonseca employee justified the decision to help push through the paperwork by noting that the firm had already been working on the same loan transaction for months.

Quaicoe told ICIJ he could not discuss his work with Aluko. “I conduct business in accordance with the laws of the relevant jurisdictions pursuant to the contracts of services concluded with my clients,” Quaicoe said.

Ross S. Delston, a Washington, D.C., attorney and anti-money laundering expert, said that in general, banks, other financial institutions and financial intermediaries such as law firms, real estate agents and trust and company service providers should be skeptical whenever they’re dealing with clients who are involved in the oil business, are rumored to have close connections to politicians, have been subjects of negative news stories and come from countries, like Nigeria, that are considered high-risk geographies for corruption, money laundering and other financial crimes.

“Taken together, these indicators and risk factors present not just red flags for money laundering or other financial crime but rather can be characterized as fireworks on the Washington, D.C., Mall on the Fourth of July,” Delston said.

As Aluko was securing his loan, the heat on Alison-Madueke and her friends was increasing. In October 2015, a small number of Alison-Madueke’s family members appeared in a London court on bribery and corruption charges, and police seized some of the minister’s assets, including $39,000 in cash. Nigerian authorities have continued to arrest and arraign other alleged Alison-Madueke confidants.

In May 2016, the Lagos Supreme Court granted the Nigerian government’s request for an order freezing assets linked to Aluko and three others. The four owed Nigeria $1.76 billion dollars in unpaid dues from crude oil sales, the government’s court filings alleged, and had shuffled “large sums to offshore accounts.”

The amount “is equal to the combined 2016 budgets of about 4 States in Nigeria which monies would be utilized to cater for about 13 million” people, the government noted. Nigeria had suffered “immense losses and damage” thanks to the failure by Aluko and the others to pay what they owed.

The court has frozen both of the assets used by Aluko to secure his $30 million loan in late 2015 – the luxury yacht and the Manhattan apartment in the 157 W. 57th Street skyscraper known as “The Billionaires Building.”

Aluko and the three other defendants “could use phony companies to dispose or dissipate their assets” out of Nigeria’s control, the government argued in an effort to keep Aluko and the others from selling off their assets before authorities could confiscate them. The government pointed to the sale, in April 2016, of Aluko’s 15,000- square-foot home in Beverly Hills as a sign “of desperation,” an indication of his desire to avoid “the long arms of the law.”

In July, Nigeria’s Economic and Financial Crimes Commission laid charges in court against several Nigerians with alleged ties to former minister Alison-Madueke. In a last-minute change, Aluko’s name was dropped from the charge sheet after government prosecutors admitted they had been unable to serve him with documents.

Contrary to his wealth manager’s claims, it seems, Aluko remains difficult to find



https://www.icij.org/investigations/panama-papers/20160725-nigeria-oil-mogul/

The only reason those you mentioned will not be online / retired is if they got banned, some of us actually have eyes, we can see and our brain still functions

spartan117:
I think bmc headquarters plan to retire old nairaland accounts like sarrki, ngeneukwenu and Co those accounts have been exposed as fraud and no one takes them seriously anymore.

They've introduced new handles and have employed more people in a new surge to pollute social media with pro Buhari threads and comments.