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Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi - Politics - Nairaland

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Tinubu Govt MUST Investigate ATIKU'S Source Of Wealth / Mohammed Fawehinmi: Buhari Condoles With Late Activist’s Family / Mohammed Fawehinmi Is Dead (2) (3) (4)

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Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by jpphilips(m): 2:17pm On Nov 11, 2018
Fellow Nigerians,

This is how ATIKU became the “acclaimed” business man he is today.

Please I do not have any partisan political agenda, rather factual report on ATIKU as a Presidential aspirant in Nigeria.

Please any or all ATIKU supporters or his campaign structure are free to deny these submission with facts not sentiments.

“As Head of National Council on Privatization (NCP), from 1999, @atiku dug Nigeria's economic grave for today's extreme poverty and unemployment.

There were over 600 federal assets when @atiku's NCP started selling.
Atiku should tell us who bought what and what was left for the country when he left power.

Nafcon
Eleme Petrochemical
Daily Times
Ughelli Power
Egbin Power
NICON Insurance
ALSCON
Transcorp Hilton Hotel
NICON Luxury Hotel
Sunti Sugar Ltd
NetCom House
Bacita Sugar Ltd
MM2

In 2007, Onigbolo Cement operating at 500,000 tonnes per annum was sold to Dangote at N1.7Bn

To those selling Atiku, let me remind you of @NGRSenate public hearing of August, 2011 which succinctly captures how @atiku through retinue of cohorts, fronts, shell companies, ring fenced over 70% of FG's assets through a brazen daylight robbery privatization that he supervised.

This is nothing sensational. Its real life facts and all the Senators are alive today.

The 2011 privatization Senate committee was made up of Senator Ahmed Lawan – Chairman, Senators Babafemi Ojudu, Philip Aduda, Mohammed Ndume, Ifeanyi Okowa, Hope Uzodinma and Mohammadu Magoro.

Lets look at Aluminium Smelting Company, ALSCON, that Atiku privatized.

ALSCON which Nigeria built with $3.2 billion, was sold to a Russian firm, Russal, for $130million. As of the time of sale, ALSCON had received $120million for the dredging of Imo River, but was never done.

When the Senate Seating of August, 2011 asked the Russian company the whereabouts of the $120million dredging money, the company's Deputy Managing Director, Vitaly Kuzrestov, said that the money has been used for Environment Impact Assessment." EIA kill you there.

FG's Five percent share in Eleme Petrochemical worth USD27 million was never presented to at the National Council on Privatization before t'was sold to Indorama.

Indorama recovered this amount selling Polyethylene and Urea to the entire west Africa sub-region in just 14 months.

The Atikulate Business Theory: Sell to yourself Government assets that leaves millions in penury, to set up personal businesses that provides for a few. @Atiku didn't employ the few hundreds he employed because he likes them, he needs them to work to preserve what he took from Government.

Fam, the business acumen of Atiku you are bandying about is smelly.

A man who supervised sales of over 145 federal investments as a vice president, without a thought for today wants to be president.

He didnt revitalize them.

He didnt resuscitate them.

He sold them to whomever.

Below is a summary of the 2011 senate investigation report.


A summary of Atiku's exploits as the chairman of National council of privatization (NCP) and El rufai as the DG of Bureau of public enterprises (BPE), Nigeria's Assets fell into the sinister hands of waiting carnivores who devoured our collective destinies for 5yrs, under Atiku's reign as NCP chairman, Nigeria was held hostage, thoroughly stripped, beaten and milked dry of its fortunes in a once in a lifetime scam called Privatization and concessioning.

Under Atiku's watch, Vaswanis cheated Nigeria by short-circuiting due process, under a company called Avolon, to acquire Germany's 51 percent in Volkswagen. According to presidency sources, it was a breach of the pre-emptive rights of the federal government of Nigeria stated in section 151 of the Companies and Allied Matters Act 1990.

Atiku liquidated NAFCON in 2005 for the sole purpose of selling it to O’Secul Nig Ltd owned by his fellow con artist James Ibori for $153m Thank God for Notore that later pushed out ibori to bring that company back to life.

The BVI, however, had their reason. The National Council on Privatisation was aware of the under-hand deal. In a letter dated August 25, 2005, Atiku Abubakar, former vice president and chairman of the NCP, was informed by the Bureau of Public Enterprises, under Irene Chigbue, to waive Nigeria's pre-emptive rights to acquire the 61 percent shares of the German partners.

While Abubakar knew then that the Vaswanis had been banished from the country, he blinked over the BPE request.



Read more: https://news2.onlinenigeria.com/news/breaking-news/169013-how-the-vaswanis-loot-nigeria-the-brothers-get-n6-trillion-waiver-presidency-connection-national-standard-magazine.html#ixzz5FaujN7H8


Despite knowing Jimoh Ibrahim forged documents and a Memorandum of Understanding, MOU, which he used to acquire 70 percent of the National Insurance Company of Nigeria, NICON eventually was liquidated after The total assets taken out of the company either directly or through companies wholly owned and controlled by Jimoh Ibrahim and not properly accounted for amounts to N6.37billion.


Delta Steel which was set up in 2005, at a cost of $1.5billion, was sold to Global Infrastructure for just $30million without bidding, Atiku said it is in the best interest of Nigerians grin grin

Atiku ignored all recommendations from BPE and due process—to sell Delta Steel Company to Global Infrastructure instead of the winner of the bidding process, BUA Group.In fact Oby Ezekwesili attained celebrity status when she insisted due process must be followed to curb Atiku and obj's excesses, she was later nick named Madam due process.

ALSCON, was set up with $3.2 billion, Atiku sold it to a Russian firm, Russal, for a paltry $130million.
ALSCON had been given $120million for the dredging of the Imo River, but it was never carried out, Russal and Atiku disappeared with the money, igbos are complaining about dredging the river niger, but they have short memory that the ALSCON deal was supposed to dredge the Imo river, Imo river is easier and more economically viable than Niger river because it flows into the forcados river a major tributary of the river niger. Atiku and Russal disappeared with the money till date.


Atiku literally dashed DAILY TIMES of Nigeria, to the Anosike brothers (Noel and fidelis) according to court records, Atiku did not privatize daily times in the true sense of the word, Daily times assets worth over $3b was used to secure a mortgage that paid for the take over, in other words Atiku packaged Daily times to sell and buy itself, once her assets was stripped, Atiku took off with Anosike brothers to the next unlucky company.


How did Bluestar consortium take over the Kaduna refinery under Atiku's privatization? where is the $250m they paid at the time? the then CBN Governor swore an affidavit Nigeria did not get alert, grin grin grin
An asset of the state sold while the money just vanishes, just like that? Atiku truly broke a record.


How did SOLGAS company, headed by a 36 year old Seun Oyefeso, without the requisite expertise nor technical know how, took control of Ajaokuta steel, stripped its assets before OBj cancelled the deal, meanwhile Atiku has already swollen his tommy with the much Ajaokuta assets they could sell. Fear Atiku!!

Oh!! the story of Sadiq petroleum and Atiku overnight take over of African petroleum, thank God for yaradua, Atiku finished this country, only a child will bother about Atiku.


Then the Almighty pentascope scam, Atiku and Midget El Rufai executed the highest fraud in human history,

The first group that came calling and qualified to buy NITEL was IIL (London) Ltd.; they could not purchase the company. Then Nasir El-Rufai and Atiku brought in PENTASCOPE from the Netherlands. The controversial body was said to have its HQ in an abandoned church in London meaning, no official office address. Amazingly, PENTASCOPE was given a carte blanche to spend the monies of NITEL without paying for NITEL first, they cleared its offshore foreign currency savings. A company that was actually a national strategic institution has not recovered from PENTASCOPE; or from TRANSCORP and other efforts to sell BY FORCE! In the meantime, Nigeria became a country where telephone landlines disappeared from homes and offices, just as the assets of NITEL that have not been stolen, have continued to rot, as our empty-headed ruling elite cling to the litanies of the church of privatization, as their route to the heaven of capitalist development!



Atiku's intels and orleans after successfully taking over all our oil and gas free trade zones, in the document between NPA and Intels in 2005, referred to as the Consolidated Lease. OGEFZA unilaterally and/or illegally altered its name to read – OIL AND GAS FREE ZONES AUTHORITY. The word “Export” was deliberately deleted and the word “Zone” was deliberately pluralised in direct contravention of an extant Act of the National Assembly without a formal amendment of same as required by law, OGEFZA purported to exercise powers reserved for the President under the NEPZA Act by designating Warri, Calabar and Apapa as Free Zones in favour of Atiku's Intels/Orlean Invest

There was allegations of Massive fraud against OGEFZA as regards NPA remittances, While the committee that investigated those fraud insisted that payment of the money into commercial banks rather than the CBN was a violation of section 19(1) of the BPE Act,
There are major lapses in the retirement of advances, charges made by the project commercial bankers are deemed excessive and inconsistent, interests have not been credited on special account balance, expenses are incurred because no-objection was sought from the bank. Till date those fraudulent accounts was never audited.

The fear of Atiku Abubakar in Nigeria is the beginning of wisdom

https://www.vanguardngr.com/2011/08/obasanjo-atiku-killed-privatisation-chigue/
http://saharareporters.com/2007/09/26/privatization-scams-objs-era
https://newsdiaryonline.com/atiku-approved-pentascope-contractel-rufais-statement-in-response-to-former-vice-president/
http://www.informationng.com/2013/04/atiku-lied-about-pentascope-deal-el-rufai.html


May Nigeria succeed”

Mohammed Fawehinmi II

13 Likes 7 Shares

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by RockHard: 2:18pm On Nov 11, 2018
Hmm.. Very comprehensive exposé.

11 Likes 3 Shares

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by teflonjake(m): 2:21pm On Nov 11, 2018
Please all I need is electricity, I Don taya to buy fuel.

5 Likes

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by legalmatters36: 2:22pm On Nov 11, 2018
OKOROCHA'S THE MORE YOU LOOK THE LESS YOU SEE IN IMO STATE.

Nde Imo ,how can one justify the decision of the most greedy man on earth called Rochas Okorocha to retain the Governorship of the state in his family, the only ministerial slot that came to Imo State he gave it to his in-law , his wife is in-charge of five Government ministries according to him. His son -law will was the Chief of Staff and his preferred candidate for Imo Governorship, His sister is the Deputy Chief of Staff ,she doubles as the Commissioner of Enjoyment and Happiness. All state lands the most painful one the new Government House site in new Owerri has been seized , confiscated and shared among his family members. He has destroyed all the roads in Imo in the name of Urban Renewal , he has five months to leave yet work has not commenced on these roads, the Eke -Ukwu market that he demolished, what has he built on that land till today , just to punish Imo traders and impoverish the people , he took IBC Land at Orji and converted it to Rochas foundation College.
Governor okorocha ,your sins are irredeemable, you have committed atrocities in Imo State due to your greed and huge appetite for money , i want to know what are you going to do with all these lands you are grabbing in Imo , do you ever think of God and death. I have never seen a greedy man like Rochas okorocha and his family members.

Look at the poor state of roads in Imo yet you have the moral justification to tell Imo People that your son-law is the best for us , your so called son-Law that was responsible for the sub-standard road construction in Imo, what is he bringing on table that is new rather than the direct labour road construction by Hausa labourers .

Rochas Okorocha thinks that he is the smartest man on earth but i have a message for you.
We have seen your likes before and you will surely go their way, Abacha tried it , failed and died , Obasanjo tried it and failed , Mugabe failed, Gadaffi is dead,Saddam Hussein is dead, Assad is engulfed in civil war in Syria learn from history , your family can never have monopoly over Imo State Government seat of power.

The Okorocha's should get ready to return to Imo People all the state assets and lands confiscated and converted to private use. All the Billions of Money looted in IMO, the most painful one the bail out funds and the entire allocation of the 27 Local Government of Imo State for over seven and half years now.

Okorocha came as a philanthropist but hardly did Imo People know what he was thinking, to him he has conquered Imo and the state must remain under him for ever, so that he will eternally loot the state dry. THE OWNERSHIP OF AKACHI ESTATE MUST THROUGHLY BE INVESTIGATED.

The truth is that the desperation to foist Uche Nwaosu on Imo people is to cover his financial malfeasance and family loot, but i am sorry for okorocha because we must demand for the return of all state assets illegally acquired by your family members and you must account for all the Local Government and State Allocations you have mismanaged for almost eight years without anything in Imo to show for it, rather than poor and sub-standard road construction and the most painful part of it is that you have not even completed works on these half hazard roads , Flood and erosion cool has taken over Imo State.

There is nothing GOOD from Okorocha to Imo People , is all the more you look the less you see.
But God has punished you at last, you must account for the people, you cannot escape the probe and not even Buhari will protect you from the wrath of Imo People.

1 Like 1 Share

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by GuyfawkesAB(m): 2:23pm On Nov 11, 2018
Atiku, for rendering all the staffs of the companies that have mostly gone moribund overnight pensioners, suffering and living in penury, all your efforts to attain power at Aso Rock will end in futility inshaa Allah!

You and Obi will end up in shame. All these fake wealth you have gathered at the expense of the Nation and thousands of former staffs now suffering, will go to thin air. Only ruin awaits you

6 Likes 2 Shares

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by sholatech(m): 2:25pm On Nov 11, 2018
He listed so many FG assets sold during OBJ era. So it's Obj, Atiku & Elrufai that shared the money but you claim all these na Atiku?
So all Government assets to be sold this administration & businesses you will say are going into Pmb & Osinbanjo pockets?

1 Like

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by Holumhidey(m): 2:29pm On Nov 11, 2018
all these na long story....
just tell me the main source of his wealth so i can see something to argue about with my friends tommorow......
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by quickberry(m): 2:29pm On Nov 11, 2018
Only those who are suffering from amnesia will support or vote for Atiku

4 Likes 1 Share

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by servercodes001: 2:37pm On Nov 11, 2018
Atiku source of wealth = nigerian treasury
Atiku is a bloody thief that sold out Nigeria
He's always been a looser and will loose come February
Take ur argument else where please

#stoplooters

7 Likes 4 Shares

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by ImperialYoruba: 2:42pm On Nov 11, 2018
When does the campaign start sef? We want open the crypt and bring skeletons out to talk.

2 Likes 2 Shares

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by quickberry(m): 2:43pm On Nov 11, 2018
ImperialYoruba:
When does the campaign start sef? We want open the crypt and bring skeletons out to talk.

Nov. 18
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by Ziggylady(f): 3:12pm On Nov 11, 2018
*Yawns*...OBIdiently Atikulating....Please do not disturb.

2 Likes

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by ifex370(m): 3:13pm On Nov 11, 2018
I can't believe I'm saying this, but Atiku is worse than Buhari

1 Like

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by Calers: 3:17pm On Nov 11, 2018
Obasanjo and Atiku started all the mess we are facing in this country.

3 Likes 1 Share

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by Nnemuka(f): 3:25pm On Nov 11, 2018
Yawns
Obasanjo came from prison with no Kobo, became president and now owns the largest poultry farm in Nigeria

Tinubu was indicted in the US for being a drug baron, he abandoned all he has and came back to become governor of Lagos state. Today he boasts of being richer than Osun State and owns private jets... How did he become so rich overnight?

Buhari claimed he has no money for election form but his wife accused her Aide of stealing over 2.5billion naira gifted to her. Just 3 years in office and she can boast of billions.

We can go on and on about politicians who became rich overnight. Politics and politicians all make money like Gandollars and what everyone is praying for is to take some share in the national cake.

Least I forget Atiku employs over a hundred thousand people and pays them salary at minimum wage. What has others been able to do with their loot? Eg Mr integrity

1 Like

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by Achuwa1(m): 3:39pm On Nov 11, 2018
We tried BUHARI with no money to even buy his party normination form but today his family & close associates are all engulfed in wealth while his son was making use of a bike of 45million that nearly cost him his life the other time.
We now know better & want to try someone else that is already wealthy ,in the person of Atiku Abubakar.
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by madridguy(m): 3:41pm On Nov 11, 2018
Nov 18 on my mind shocked
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by Histrings08(m): 3:46pm On Nov 11, 2018
I'll come. Back to. Read this.. Lemme eat first
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by quickberry(m): 4:15pm On Nov 11, 2018
Nnemuka:
Yawns
Obasanjo came from prison with no Kobo, became president and now owns the largest poultry farm in Nigeria

Tinubu was indicted in the US for being a drug baron, he abandoned all he has and came back to become governor of Lagos state. Today he boasts of being richer than Osun State and owns private jets... How did he become so rich overnight?

Buhari claimed he has no money for election form but his wife accused her Aide of stealing over 2.5billion naira gifted to her. Just 3 years in office and she can boast of billions.

We can go on and on about politicians who became rich overnight. Politics and politicians all make money like Gandollars and what everyone is praying for is to take some share in the national cake.

Least I forget Atiku employs over a hundred thousand people and pays them salary at minimum wage. What has others been able to do with their loot? Eg Mr integrity

1 Like

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by Nobody: 5:11pm On Nov 11, 2018
[quote author=quickberry post=72875647][/quote]Damn, savage m.
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by AnyoneButAtiku: 5:59pm On Nov 11, 2018
...ALSCON, was set up with $3.2 billion, Atiku sold it to a Russian firm, Russal, for a paltry $130million.
ALSCON had been given $120million for the dredging of the Imo River, but it was never carried out, Russal and Atiku disappeared with the money, igbos are complaining about dredging the river niger, but they have short memory that the ALSCON deal was supposed to dredge the Imo river, Imo river is easier and more economically viable than Niger river because it flows into the forcados river a major tributary of the river niger. Atiku and Russal disappeared with the money till date."

^^^That's right up the street of an overfed, over-pampered and odious Atikulooter. angry

Say no to #AtikulooterCONtinua
Say no to #Lootocrats

3 Likes 2 Shares

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by SarkinYarki: 6:09pm On Nov 11, 2018
Lies that are Dead on Arrival ...Atiku was already worth over 150 million dollar by the mid 90s from his stake in Intels ...Stupid lies

2 Likes

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by SouthEastFacts: 7:30pm On Nov 11, 2018
Even if we catch him breaking into CBN, Nigerians would still vote for him. Never will I vote for a man that doesn't have the confidence of his wife.

2 Likes

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by Roadto2019: 7:54pm On Nov 11, 2018
quickberry:
Only those who are suffering from amnesia will support or vote for Atiku
Is that atiku's twitter handle? You have no sense.
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by quickberry(m): 7:58pm On Nov 11, 2018
Roadto2019:

Is that atiku's twitter handle? You have no sense.

Baba e o ni sense, omo ale jatijati
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by NaijaRoyalty(m): 8:00pm On Nov 11, 2018
Nonsense
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by NigerDeltan(m): 8:02pm On Nov 11, 2018
same Atiku that contested presidential election in 1992 but lost to MKO Abiola in primaries?

Why are you telling us he got rich from 1999

1 Like

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by imaeruaka: 8:26pm On Nov 11, 2018
Check this out to see reasons why wizkid can't be compared to davido.




https://www.millitime.com/7-reasons-why-davido-seems-better-than-wizkid/?wpam_id=7

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by BrutusOj(m): 10:00pm On Nov 11, 2018
jpphilips:
Fellow Nigerians,

This is how ATIKU became the “acclaimed” business man he is today.

Please I do not have any partisan political agenda, rather factual report on ATIKU as a Presidential aspirant in Nigeria.

Please any or all ATIKU supporters or his campaign structure are free to deny these submission with facts not sentiments.

“As Head of National Council on Privatization (NCP), from 1999, @atiku dug Nigeria's economic grave for today's extreme poverty and unemployment.

There were over 600 federal assets when @atiku's NCP started selling.
Atiku should tell us who bought what and what was left for the country when he left power.

Nafcon
Eleme Petrochemical
Daily Times
Ughelli Power
Egbin Power
NICON Insurance
ALSCON
Transcorp Hilton Hotel
NICON Luxury Hotel
Sunti Sugar Ltd
NetCom House
Bacita Sugar Ltd
MM2

In 2007, Onigbolo Cement operating at 500,000 tonnes per annum was sold to Dangote at N1.7Bn

To those selling Atiku, let me remind you of @NGRSenate public hearing of August, 2011 which succinctly captures how @atiku through retinue of cohorts, fronts, shell companies, ring fenced over 70% of FG's assets through a brazen daylight robbery privatization that he supervised.

This is nothing sensational. Its real life facts and all the Senators are alive today.

The 2011 privatization Senate committee was made up of Senator Ahmed Lawan – Chairman, Senators Babafemi Ojudu, Philip Aduda, Mohammed Ndume, Ifeanyi Okowa, Hope Uzodinma and Mohammadu Magoro.

Lets look at Aluminium Smelting Company, ALSCON, that Atiku privatized.

ALSCON which Nigeria built with $3.2 billion, was sold to a Russian firm, Russal, for $130million. As of the time of sale, ALSCON had received $120million for the dredging of Imo River, but was never done.

When the Senate Seating of August, 2011 asked the Russian company the whereabouts of the $120million dredging money, the company's Deputy Managing Director, Vitaly Kuzrestov, said that the money has been used for Environment Impact Assessment." EIA kill you there.

FG's Five percent share in Eleme Petrochemical worth USD27 million was never presented to at the National Council on Privatization before t'was sold to Indorama.

Indorama recovered this amount selling Polyethylene and Urea to the entire west Africa sub-region in just 14 months.

The Atikulate Business Theory: Sell to yourself Government assets that leaves millions in penury, to set up personal businesses that provides for a few. @Atiku didn't employ the few hundreds he employed because he likes them, he needs them to work to preserve what he took from Government.

Fam, the business acumen of Atiku you are bandying about is smelly.

A man who supervised sales of over 145 federal investments as a vice president, without a thought for today wants to be president.

He didnt revitalize them.

He didnt resuscitate them.

He sold them to whomever.

Below is a summary of the 2011 senate investigation report.


A summary of Atiku's exploits as the chairman of National council of privatization (NCP) and El rufai as the DG of Bureau of public enterprises (BPE), Nigeria's Assets fell into the sinister hands of waiting carnivores who devoured our collective destinies for 5yrs, under Atiku's reign as NCP chairman, Nigeria was held hostage, thoroughly stripped, beaten and milked dry of its fortunes in a once in a lifetime scam called Privatization and concessioning.

Under Atiku's watch, Vaswanis cheated Nigeria by short-circuiting due process, under a company called Avolon, to acquire Germany's 51 percent in Volkswagen. According to presidency sources, it was a breach of the pre-emptive rights of the federal government of Nigeria stated in section 151 of the Companies and Allied Matters Act 1990.

Atiku liquidated NAFCON in 2005 for the sole purpose of selling it to O’Secul Nig Ltd owned by his fellow con artist James Ibori for $153m Thank God for Notore that later pushed out ibori to bring that company back to life.

The BVI, however, had their reason. The National Council on Privatisation was aware of the under-hand deal. In a letter dated August 25, 2005, Atiku Abubakar, former vice president and chairman of the NCP, was informed by the Bureau of Public Enterprises, under Irene Chigbue, to waive Nigeria's pre-emptive rights to acquire the 61 percent shares of the German partners.

While Abubakar knew then that the Vaswanis had been banished from the country, he blinked over the BPE request.



Read more: https://news2.onlinenigeria.com/news/breaking-news/169013-how-the-vaswanis-loot-nigeria-the-brothers-get-n6-trillion-waiver-presidency-connection-national-standard-magazine.html#ixzz5FaujN7H8


Despite knowing Jimoh Ibrahim forged documents and a Memorandum of Understanding, MOU, which he used to acquire 70 percent of the National Insurance Company of Nigeria, NICON eventually was liquidated after The total assets taken out of the company either directly or through companies wholly owned and controlled by Jimoh Ibrahim and not properly accounted for amounts to N6.37billion.


Delta Steel which was set up in 2005, at a cost of $1.5billion, was sold to Global Infrastructure for just $30million without bidding, Atiku said it is in the best interest of Nigerians grin grin

Atiku ignored all recommendations from BPE and due process—to sell Delta Steel Company to Global Infrastructure instead of the winner of the bidding process, BUA Group.In fact Oby Ezekwesili attained celebrity status when she insisted due process must be followed to curb Atiku and obj's excesses, she was later nick named Madam due process.

ALSCON, was set up with $3.2 billion, Atiku sold it to a Russian firm, Russal, for a paltry $130million.
ALSCON had been given $120million for the dredging of the Imo River, but it was never carried out, Russal and Atiku disappeared with the money, igbos are complaining about dredging the river niger, but they have short memory that the ALSCON deal was supposed to dredge the Imo river, Imo river is easier and more economically viable than Niger river because it flows into the forcados river a major tributary of the river niger. Atiku and Russal disappeared with the money till date.








Mohammed Fawehinmi II
Even if Atiku sold my father' house or snatched it as long as he is the only viable person to send Buhari back to Daura, God should help him to help Nigerians. Buhari must go

1 Like

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by ticon4life(m): 10:12pm On Nov 11, 2018
Emm.,
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by jpphilips(m): 12:13pm On Nov 13, 2018
BrutusOj:
Even if Atiku sold my father' house or snatched it as long as he is the only viable person to send Buhari back to Daura, God should help him to help Nigerians. Buhari must go

Intelligence wasn't shared equally so i understand your challenge, have you ever thought about life under Atiku based on his antecedents? do you think all Nigerians were toddlers like you between 1999 to 2007? you think they will want to replace Buhari with Atiku? I respect your opinion based on factors you have no control over but try as much as possible not to rub off your mental inefficiencies on others.

5 Likes 1 Share

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by BrutusOj(m): 5:20pm On Nov 13, 2018
jpphilips:


Intelligence wasn't shared equally so i understand your challenge, have you ever thought about life under Atiku based on his antecedents? do you think all Nigerians were toddlers like you between 1999 to 2007? you think they will want to replace Buhari with Atiku? I respect your opinion based on factors you have no control over but try as much as possible not to rub off your mental inefficiencies on others.
Which antecedents? Shift jaree.. I have had enough under Buhari, you all will be more than shocked when Buhari leaves, cos the corruption under his watch is next to none since inception of Nigeria.

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