₦airaland Forum

Atiku abubakar worked in the Nigeria Customs Service for twenty years, rising to become the Deputy Director, as the second highest position in the Service was then known. He retired in April 1989 and took up full-time business and politics. He ran for the office of governor in the Gongola State (now Adamawa and Taraba States) in 1991, and for the Presidency in 1993, placing third after MKO Abiola and Babagana Kingibe in the Social Democratic Party (SDP) primaries.

In 1998 he was elected Governor of Adamawa State. While still Governor-Elect he was selected by the Peoples Democratic Party (PDP) Presidential candidate Olusegun Obasanjo as his running mate. The duo went on to win elections in February 1999, and Abubakar was sworn-in as Nigeria's second democratically elected vice president on 29 May 1999.

Abubakar's second term as Vice President was marked by a stormy relationship with President Obasanjo. His bid to succeed Obasanjo did not receive the latter's support, and it took a judgment of the Supreme Court to allow Abubakar contest after he was initially disqualified by the Independent National Electoral Commission on the grounds that he had been indicted for financial misconduct by an investigating panel set up at Obasanjo's behest. The Supreme Court ordered the electoral commission to restore Abubakar's name onto the presidential ballot. Abubakar ran on the platform of the Action Congress, having quit the PDP on account of his issues with President Obasanjo. Abubakar lost the election, placing third after Umaru Yar'Adua and Muhammadu Buhari of the All Nigeria Peoples Party (ANPP).

Abubakar is a co-founder of Intels, an oil servicing business with extensive operations in Nigeria and abroad. He is also the founder of Adama Beverages Limited, and the American University of Nigeria (AUN), both in Yola, Adamawa.

Atikulated or Atikulooted??
He has never been convicted in a court of law.. He is innocent untill proven guilty... He is therefore confirmed ATIKULATED!

Atiku should visit any nearest USA embassy close to him. Chikena

#AnyoneButAtiku knows a #Looter when he sees one nah
#Atikulooter must not be allowed to #CONtinua.

Bunkering:
However, the cheap price of the subsidised fuel in the Nigerian market has promoted another type of stealing. This is called 'bunkering'. Originally this bunkering covered the theft of crude oil. Every day the Nigerian economy loses between 150,000 and 320,000 barrels of oil. These are stolen by 'bunkerers', who have small tanker vessels which load the oil in the Delta and tranship this stolen oil to offshore tankers which deliver this stolen oil to other West African states. Further inland illegal tanker trucks load their stolen oil and refined products and drive these into neighbouring countries for black market sale. At the current price of around US$50 per barrel this amounts to a 'leakage' of around US$7.5 to US$16 million a day for the sale of crude oil. The sale of refined products adds to the total. On a monthly basis this amounts to around US$365 million or US$4.4 billion a year.

This illegal trade was pioneered under President Abacha when Akhigbe, Victor Ombu and Ibrahim Ogohi perpetrated the smuggling of petroleum products from Port Harcourt and Warri to neighbouring West African countries. When a real effort at anti-corruption was undertaken by the journalists of the 'Insider', retribution was swift and severe. The editor-in-chief, Chucks Onwudinjo, and Janet Mba-Afolabi, both executive editors of Insider, a weekly magazine, were picked up by men of the State Security Services. Their arrest and detention were on the orders of Atiku Abubakar, the vice-president. They were arrested on Monday, November 24, 2004

While the nation enjoyed Ed-el-fitri public holiday, the trio cooled their heels at the Panti Police Station in Yaba, Lagos where they were detained for a story the Insider ran in its November 24 edition. The story, which made the magazine's cover alleged that Abubakar and a close colleague were behind a bunkering ring recently smashed at the Forcados and Escravos Creeks.

Specifically, Atiku was accused of being behind three of the vessels, MT Gloria. MT Tina and MT Sara, which had about 4,000 metric tonnes of crude oil aboard, while his colleague was allegedly linked to two vessels, MT Berinelo and MT Breton 1 with 17,800 metric tons aboard. The eight ships captured in the bunkering deal collectively had about 124 million barrels on board valued at N35 billion.

On August 30, security officials attached to the Vice-President, Atiku Abubakar, attacked and beat into coma, Akintunde Akinleye, a photojournalist with the Daily Independent newspaper. He was eventually compensated in a face-saving mission by the Vice President. He received $1,900 and N 56,287.00 cash.

This bunkering has continued despite the efforts of the Joint Task Force and other law enforcement officers largely because bunkering has the blessing of the local state governors and the high federal officials who condone and prosper from the bunkering operations.

Source: http://www.ocnus.net/artman2/publish/Editorial_10/Where-Has-Nigeria-s-Money-Gone_printer.shtml

they are all recycled polithiefians both apc and pdp have failed the citizens.............. Youths wake up and grab our stolen mandate.

[Wikileaks] “Atiku Manipulated $40m NITEL Contract to Ericsson” – El Rufai
In the recently released SECRET diplomatic documents by Wikileaks, Nasiru El Rufai opened up on how the then vice president manipulated a NITEL GSM Equipment Contract valued at $40million to suit him and his partners. He also detailed the sharp practices engaged by Atiku and his boys in office. He pointed to the then President as being aware of the dirty practices by Atiku.

Nasiru El Rufai, frustrated by Atiku’s antics, offered to resign. But the then President refused to accept his resignation.

Read more:http://247ureports.com/2011/09/wikileaks-atiku-manipulated-40m-nitel-contract-to-ericsson-el-rufai/

You mean this Atikulooter is lily-white because he has not been convicted?
Can we not say the same about hundreds of other eminent #Lootocrats in Nigeria?

Atiku wan to chop the money! 2020 nah good year to chop the money!

Atiku’s INTELS apologises, pays N13.2bn into TSA

February 22, 2018

INTELS Nigeria Limited, owned by former Vice President Atiku has finally apologised to the Federal Government over a controversial contract arrangement which it was accused of breaching last year.

National Daily gathered that the company has paid $42.6 million (N13.2 billion) into the Nigerian Port Authority’s Treasury Single Account (TSA) as part of the revenue it collected for the agency.

The Managing Director of NPA, Hadiza Bala Usman, stated this while addressing members of the House of Representatives Ad Hoc Committee probing into the matter, saying that the company after receiving termination notice from the Agency, wrote to apologise for not complying with TSA and the new sharing formula.

She said as a result, INTELS has paid the sum $28.1million into the Agency’s TSA account with a notice of additional $14.5million said to have been paid, but yet to be confirmed by the NPA.

“The implementation of TSA by the Federal Government compelled the authority to remit revenue generated directly into government coffers while NPA in turn pays agency fees of 28 percent of whatever was generated to INTELS,” she said.

She said according to NPA’s calculation of $4 million per month as government’s share, based on the previous agreement, what accrued to NPA would be $48 million.

Usman said NPA has two layers of relationship with INTELS namely management agency where it collects revenues on behalf of NPA and keeps 28 percent and port infrastructure development on the basis of which INTELS constructed and manages the Onne Port in Rivers State.

She explained that the initial agreement gave INTEL the powers to generate and keep 28 percent of revenue collected on behalf of NPA.

“The NPA under the new management had to come up with a new draft that incorporated a sharing formula in a model that complies with the TSA, which was why we said they should start remitting directly to the TSA while the NPA pays its 28 percent agency fees,” she added.

The agreement, according to her, expires in 2020, which makes it 10 years.

https://nationaldailyng.com/atikus-intels-apologises-pays-n13-2bn-into-tsa/

Nice Post...
Song : Davido x Wizkid

fernandez1:
they are all recycled polithiefians both apc and pdp have failed the citizens.............. Youths wake up and grab our stolen mandate.

that's just your opinion

Who doesn't know that Atiku stole money? We all know that. But if it takes Atiku to devalue Dollars and remove that Name "Capital of Poverty" from Nigeria, I will use both my thumbs and toes to vote for him.

OP, do you know Atiku more than OBJ？Two things were already confirmed
1. He use his wealth to find his way, eg, PDP convention
2. Not trustworthy, eg Promising multiple people VP slot.
If what you are saying about Atiku is true, how comes he has NEVER denies what OBJ wrote and said about him？If OBJ is lying Atiku with his team of Lawyers and SUPPORTERS, should SUE OBJ and claim damages.
Forget grammar, he is THIEFKULOOTER, including his supporters

You know the drill

if you truly believe that any politician in this country, be it apc or pdp, who has not yet been convicted by a court of law is really not corrupt then you are a big fool.

I agree but can he go to America, if no then Atikulooted.

madridguy:
Atiku should visit any nearest USA embassy close to him. Chikena

they are not going to get away with it no matter what they say....

atiku...!!!!.....visit amelica already....!!!!.......

i know what that basstard is trying to do....

he wants to get diplomatic immunity from us before going to amelika....