₦airaland Forum

dante0147:
Somebody that has different business and you say atiku shouldn’t have that kind of money ?

and paid how much as tax last year while contesting for president?.
Nigerians are the ones really at the receiving end of this ruling elites.

Don4eva:
Two bullion vans was used to sponsor election violence on election eve and you kept quiet, you defended criminality and you just saw a statement of transfers from corporate institutions and you are shouting.

Politics really makes people senseless

In asiwaju voice

Nah your money?

Bobby4090:
Did you stop your education in Primary School? Let me help you. Money Laudering is not transportation of your money with Bullion vans. Even some Churches and Organizations rent bullion vans for such. Money Laundering is trying to hide illegally acquired money through various means and transactions that makes it difficult to detect the source.

Mr Educator, money laundering is trying to make clean dirty money. Atiku group is a multi million dollars investment brand. Trust me, even if that money is dirty, there is no way in hell EFCC can prove it and they know it. A businessman of that caliber can afford it, same goes to Tinubu. However, Atiku may or may not have commit a crime, this is left for the judge to decide but Tinubu actually committed a crime which is movement of such amount of money without passing proper channel. In a better functional society, Tinubu will be arrested and Atiku investigated. So the conclusion is that EFCC was actually harrasing Atiku and this is evident in the fact that they release this figures because they know it will intimidate poor nigerians. Believe or not EFCC is not independent it is actually controlled by the presidency, how do u think they got the tip in the first place

How does this translate to money laundering when you have not determined the source of the money to be illegal. These are pure business transactions between registered businesses.

Esseite:
The Economic and Financial Crimes Commission (EFCC) has insisted that Vice President Atiku Abubakar’s son-in-law, Abdullahi Babalele’s, was arrested for money laundering.


Many had queried the timing of the arrest, which coincided with the start of the Peoples Democratic Party (PDP) candidate’s legal battle against President Muhammadu Buhari’s election.

The Nation reported on Wednesday that Babalele is under investigation for alleged laundering of €150million.


Babalele was released on bail on Tuesday after days of interrogation. His passport was, however seized by the EFCC.

But Mr. Uyi Giwa-Osagie (Atiku’s lawyer) is still in custody. The agency said about €67,950,000 of the €150m has been traced to the accounts of him, Babalele, two slush firms and two Bureau De Change operators.

Of the €67.9m, Uyi’s account received 26,050,00million Euro between January 9th and 28th, 2019. Babalele is expected to account for 41,900,000 Euro.


Meanwhile, the EFCC has released more details of transactions involving Osagie.

A document said: “On receipt of this intelligence the team booked to Lagos Island market and arrested two BDC operators namely: Abdullahi Shehu who works with Abdullahi Munaciki of Hasbunallahu BDC, Abuja and Lawal A. Abdullahi of Three Brother BDC.

“Also the team recovered the said $1.6million USD but already $141,000.00 USD had been exchanged to Naira at N358/ per dollar which amounted to N50,500,000.00 while the balance of $1,459.000.00 USD could not easily be exchanged due to the Naira scarcity in the market.


“Investigation conducted regarding the ownership as well as the source of the money so far revealed that Hasbunallahu BDC who is also the owner of Clean and Integrity Services Ltd received three transfers amounting to $5,000,000.00 USD on the 4th and 14th February, 2019 from Guernsey Trust Company Nigeria Limited which is an investment company that is being managed by Uyiekpan Giwa-Osagie in trust on behalf of Bleep.

”Investigation carried out on the accounts of Guernsey Trust Company Nig Ltd reveals that various transfers in millions of dollars and cash payments were made to various individuals and companies.”

The details of these transfers are as follows:

“On the 1st February, 2019, Abdullahi Munaciki of Hasbunallahu BDC received a transfer of $500,000 USD in his Guaranty Trust Bank Dollar Account Named: Clean & Integrity Services Ltd with Account number: 325/391103/2/1/0. The transfer came from Uyiekpan Giwa-Osagie of Guernsey Trust Company Nigeria Limited.

“On the 18th January, 2019, Root Capital Ltd received the sum of $1,000,000.00 into its account in Keystone Bank PPC from Guernsey Trust Company Nig Ltd account in Keystone Bank Plc. There after the naira equivalent was paid into Andrew Pitchford account by Spring Creek on behalf of Root Capital Ltd.

“On 4th February, 2019 another transfer in the sum of $1,500.000.00 USD was received into the said Clean & Integrity Services Ltd account in GTB from the same company Account Guernsey Trust company Nigeria Limited in keystone bank on Instruction of the said Uyiekpan Giwa-Osagie.

“The third transfer was made in bulk on 14th February, 2019 in the sum of $3,000,000.00 USD, similarly from Guernsey trust company Nigeria Limited in keystone bank to Clean & Integrity Services Ltd account in GTB.

“Painstaking investigation conducted on how the said Guernsey Trust Company Nigeria Ltd sourced the above mentioned $5,000,000.00 USD showed that the company received into its Keystone bank Euro Account number 1002523061 two Inflows of N13,050.000.00 Euro on 9th January, 2019 and N13.000,000.00 Euro on 28th January, 2019 totaling N26,050,000.00 Euro from one off-show company called Intels West Africa Limited.

“Further Investigation has shown that the said Euro inflows were converted to about $30,346,150.12 USD and transferred in tranches of $14,362.500.00 USD, $14,977,194.13 USD, and $1,000,000.00 USD to Guernsey Trust company Nigeria Limited’s Dollar Account number: 1003057653 to Keystone bank between 11th January and 12th February 2019.

“On the 18thJanuary, 2019 Guernsey Trust Company Nig Ltd paid the sum of $750,000.00 to Bluebeam Capital Ltd, the money was subsequently transferred to BLK Prestige Investment

“Also on the 29th January, 2019 Guernsey Trust Company Nig Ltd paid total sum of $2,065,934.00 to Capital filed Investment Group Ltd account in Keystone Bank Plc and the naira equivalent of the said amount in the sum of N856, 569,200.00 was paid in tranches to Andrew Pitchford Ltd account. The company is owned by one Mr. Erhunse Giwa Osagie, a brother to Mr. Uyiekpen Giwa Osagie.

“Furthermore on the 6th February, 2019, Guernsey Trust Company Nig Ltd paid Bluebeam Capital Ltd the sum of $1,000,000.00 the money was subsequently transferred to BLK Prestige Investment Ltd with UBA Zambia while the naira equivalent was paid into the account of Andrew Pitchford Ltd by Spring Creek Ltd on behalf of Bluebeam capital Ltd.

“Again on the 11th February 2019, Bluebeam Capital Ltd received the sum of $2,000,000.00 from Guernsey Trust Company Nig Ltd. On the instruction of Mr. Erhunse Giwa Osagie out of which the sum of $1,000,000.00 was transferred to account of BLK Prestige Investment Ltd United Bank for Africa in Zambia while the remaining $1,000,000.00 was converted into naira and paid into Sterling Bank Plc account of Andrew Pitchford Nig Ltd with account number 0689724732.”


http://dailypost.ng/2019/03/06/efcc-releases-bank-transactions-details-atikus-son-law-lawyers-arrest-emerge/amp/

release the bank transaction detail of shiomhole, tinubu, amaechi, buhari and his family, every APC senior member,
Nonsense, shey the EFCC think we the mssses are stupid ni, abeg this one no new jare and no be news, dem just dey get scape goat ni for failure in there job.
They have been doing one sided job

Kuginzi:
Your gullibility is depriving you from seeing the truth. Ask yourself, what happen to all the government Assets Atiku sold when he was the chairman of privatisation?? If you don't know it, pls feel free to Goggle.

My major problem with the APC government is hypocrisy. I know for a fact the APC government sold and is still selling government assets for peanuts. If they where not selling I would not argue with this. You find any top real estate agent and ask him.

Kuginzi:
Your gullibility is depriving you from seeing the truth. Ask yourself, what happen to all the government Assets Atiku sold when he was the chairman of privatisation?? If you don't know it, pls feel free to Goggle.

Poverty mentality is over worrying you. You are the person that should go and ask google.


Do you even know the function of NNPC sef? NNPC has failed in its responsibility and the government of the day has used it to rob the economy brazenly, just as it was identified with its predecessor. It's reported that Buhari's daughter even sits on the board. I can bet anything that even if you live a million years, even your generations unborn won't get near nnpc building not to mention working there or sit on the board.

Refine petrol, it cant. It's not even drilling crude. Others dig it and sell it and give NNPC its share.

The small Nigerians can get is through refining so portions locally so we can buy cheap but all we have hearing is turn around maintenance. They still import fuel and trillions in subsidy in the present government. People be using NNPC to rape Nigerians day in, day out. They even wasting more billions to find crude in the north and you are shouting trash....

Esseite:
This is just media propaganda, he was obviously released because the accusation holds no water..

From the article above, it was not cash hauled but transactions made via the banks and a system is in place in all banks to report transactions above $10,000.

The monies were moved from institutions to institutions whom were aware and no trace of government funds from both ends, neither was it tagged fraudulent.

Always winning in the media but in the court room.......

WHAT MAKES THE INFOW OF FUNDS FROM ATIKUS COMPANY TO HIS LAWYER OR IN-LAW MONEY LAUNDERING? WILL HE CONTEST ELECTION WITHOUT MONEY?
WE SHOULD BE HAPPY THAT WE HAVE FOREIGN CURRENCY TO TRADE WITH IN THE ECONOMY.

BotherMleeper:
I wonder why Nigerians hate being informed about investigations.

When the FBI raided Robert Gates' house, the details of his shady transaction were made public by the special counsel. This serves the purpose of informing people WHY someone is arrested on suspicion of crime. And yes, law enforcement CAN arrest on the basis of SUSPICION of crime.

Trump's details of payments to Stormy Daniels were made public, Abacha's loot were made people. But it's only when PDP's potential crimes are exposed that suddenly Nigerians would yell "media trial".

Before the EFCC made this facts public, everyone here was shouting witch hunt.

I, for one, would like to be informed about potential crimes.

If you people desire not to be informed and remain ignorant such that it fuels your prejudices, then stop reading the news.

Bros, u almost made sense but here is the different. All this examples u mentioned, there bank details were actually made after extensive investigations not after suspicions of crime. U cant tell me this is not true because Americans believe and stick to the law which says you are not guilty until otherwise proven by the court. No anti graft agency will release your bank details to the public without proper and conclusive investigation. If thats how it works all of the details of billionaires and millionaires will be released day by day

RealityShot:
When we call him TIF
some gum heads will be defending him!


mtchewww!

what is that boy's job that he is controlling £150 million i.e. N61 billion

You tell me tinu us job because being a national leader of a party is not a job. Where did he get money to own first nation airline, tvc, consat, the nation newspaper, the several hotels? On which salary? He cant tell me even 8years of governorship can provide that!

So can you pls furnish us with is working CV

I don't have any problem with this. However, Tinubu had bullion vans going into his property, he made claims heard on tape of paying out large sums of money to his party members for elections yet only the opposition gets arrested?!

Y'all better start petitioning because this is just a stinking disgrace and selective treatment by efcc.

fakuta:
EFCC is a commission use to balckmail any perceived enemies of ruling party

Honestly

Ahmeduana:
This Idiots Won't Learn Lesson that Media trial Won't Leads Any where.

It will excite the zombies who adore Buhari to the extent of drinking gutter water

reality47:
What has happened to three bulloons van that convey money to bola hammed tinubu house at his burdillon resident. Is that not money laudering?. Where is the efcc?. Na wa oo

Mumu tell me how’s that a money laundering

Why don't you publish Tinubu's transactions or Rotimi Amechi.
Tell Nigerians the content of the 2 bullion vans that entered Tinubu'house on presidential election day

You people reason with your yansh even if you are the president banking transactions in usd has limits

Esseite:
This is just media propaganda, he was obviously released because the accusation holds no water..

From the article above, it was not cash hauled but transactions made via the banks and a system is in place in all banks to report transactions above $10,000.

The monies were moved from institutions to institutions whom were aware and no trace of government funds from both ends, neither was it tagged fraudulent.

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reality47:
What has happened to three bulloons van that convey money to bola hammed tinubu house at his burdillon resident. Is that not money laudering?. Where is the efcc?. Na wa oo

. I don't understand ooo, you Hit the hammer on the nail, A few weeks back we all saw bullion vans in his house and EFCC did nothing... Its like EFCC selects people they go after, it's shambolic

RevenGeMission:
You people reason with your yansh even if you are the president banking transactions in usd has limits

Let's pretend you are right, so an excess in the limit makes it money laundry?

explain money laundering to yourself

Esseite:
Let's pretend you are right, so an excess in the limit makes it money laundry?

CodeTemplar:
So what's special about €100m and
how much did APC spend in 2015 elections? Buhari is too obsessed with the idea of nailing opposition members with his anti corruption war.
I hope the 'independent' EFCC asks questions about Bola Tinubu's bullion vans also.

Bro thats The point, we all know Atiku is not a Saint, But there is a double standard here, it just seems like They only go after people who are in the opposition party, Tinubu should be in Jail for money laundering yet everyone is throwing a blind eye.... Hypocrites...

explain money landering to yourself

Esseite:
Let's pretend you are right, so an excess in the limit makes it money laundry?

Esseite:
The Economic and Financial Crimes Commission (EFCC) has insisted that Vice President Atiku Abubakar’s son-in-law, Abdullahi Babalele’s, was arrested for money laundering.


Many had queried the timing of the arrest, which coincided with the start of the Peoples Democratic Party (PDP) candidate’s legal battle against President Muhammadu Buhari’s election.

The Nation reported on Wednesday that Babalele is under investigation for alleged laundering of €150million.


Babalele was released on bail on Tuesday after days of interrogation. His passport was, however seized by the EFCC.

But Mr. Uyi Giwa-Osagie (Atiku’s lawyer) is still in custody. The agency said about €67,950,000 of the €150m has been traced to the accounts of him, Babalele, two slush firms and two Bureau De Change operators.

Of the €67.9m, Uyi’s account received 26,050,00million Euro between January 9th and 28th, 2019. Babalele is expected to account for 41,900,000 Euro.


Meanwhile, the EFCC has released more details of transactions involving Osagie.

A document said: “On receipt of this intelligence the team booked to Lagos Island market and arrested two BDC operators namely: Abdullahi Shehu who works with Abdullahi Munaciki of Hasbunallahu BDC, Abuja and Lawal A. Abdullahi of Three Brother BDC.

“Also the team recovered the said $1.6million USD but already $141,000.00 USD had been exchanged to Naira at N358/ per dollar which amounted to N50,500,000.00 while the balance of $1,459.000.00 USD could not easily be exchanged due to the Naira scarcity in the market.


“Investigation conducted regarding the ownership as well as the source of the money so far revealed that Hasbunallahu BDC who is also the owner of Clean and Integrity Services Ltd received three transfers amounting to $5,000,000.00 USD on the 4th and 14th February, 2019 from Guernsey Trust Company Nigeria Limited which is an investment company that is being managed by Uyiekpan Giwa-Osagie in trust on behalf of Bleep.

”Investigation carried out on the accounts of Guernsey Trust Company Nig Ltd reveals that various transfers in millions of dollars and cash payments were made to various individuals and companies.”

The details of these transfers are as follows:

“On the 1st February, 2019, Abdullahi Munaciki of Hasbunallahu BDC received a transfer of $500,000 USD in his Guaranty Trust Bank Dollar Account Named: Clean & Integrity Services Ltd with Account number: 325/391103/2/1/0. The transfer came from Uyiekpan Giwa-Osagie of Guernsey Trust Company Nigeria Limited.

“On the 18th January, 2019, Root Capital Ltd received the sum of $1,000,000.00 into its account in Keystone Bank PPC from Guernsey Trust Company Nig Ltd account in Keystone Bank Plc. There after the naira equivalent was paid into Andrew Pitchford account by Spring Creek on behalf of Root Capital Ltd.

“On 4th February, 2019 another transfer in the sum of $1,500.000.00 USD was received into the said Clean & Integrity Services Ltd account in GTB from the same company Account Guernsey Trust company Nigeria Limited in keystone bank on Instruction of the said Uyiekpan Giwa-Osagie.

“The third transfer was made in bulk on 14th February, 2019 in the sum of $3,000,000.00 USD, similarly from Guernsey trust company Nigeria Limited in keystone bank to Clean & Integrity Services Ltd account in GTB.

“Painstaking investigation conducted on how the said Guernsey Trust Company Nigeria Ltd sourced the above mentioned $5,000,000.00 USD showed that the company received into its Keystone bank Euro Account number 1002523061 two Inflows of N13,050.000.00 Euro on 9th January, 2019 and N13.000,000.00 Euro on 28th January, 2019 totaling N26,050,000.00 Euro from one off-show company called Intels West Africa Limited.

“Further Investigation has shown that the said Euro inflows were converted to about $30,346,150.12 USD and transferred in tranches of $14,362.500.00 USD, $14,977,194.13 USD, and $1,000,000.00 USD to Guernsey Trust company Nigeria Limited’s Dollar Account number: 1003057653 to Keystone bank between 11th January and 12th February 2019.

“On the 18thJanuary, 2019 Guernsey Trust Company Nig Ltd paid the sum of $750,000.00 to Bluebeam Capital Ltd, the money was subsequently transferred to BLK Prestige Investment

“Also on the 29th January, 2019 Guernsey Trust Company Nig Ltd paid total sum of $2,065,934.00 to Capital filed Investment Group Ltd account in Keystone Bank Plc and the naira equivalent of the said amount in the sum of N856, 569,200.00 was paid in tranches to Andrew Pitchford Ltd account. The company is owned by one Mr. Erhunse Giwa Osagie, a brother to Mr. Uyiekpen Giwa Osagie.

“Furthermore on the 6th February, 2019, Guernsey Trust Company Nig Ltd paid Bluebeam Capital Ltd the sum of $1,000,000.00 the money was subsequently transferred to BLK Prestige Investment Ltd with UBA Zambia while the naira equivalent was paid into the account of Andrew Pitchford Ltd by Spring Creek Ltd on behalf of Bluebeam capital Ltd.

“Again on the 11th February 2019, Bluebeam Capital Ltd received the sum of $2,000,000.00 from Guernsey Trust Company Nig Ltd. On the instruction of Mr. Erhunse Giwa Osagie out of which the sum of $1,000,000.00 was transferred to account of BLK Prestige Investment Ltd United Bank for Africa in Zambia while the remaining $1,000,000.00 was converted into naira and paid into Sterling Bank Plc account of Andrew Pitchford Nig Ltd with account number 0689724732.”


http://dailypost.ng/2019/03/06/efcc-releases-bank-transactions-details-atikus-son-law-lawyers-arrest-emer/amp/

EFCC says it’s slush funds, not corruption proceeds lol, this smears won’t stop atiku they know that,

I didn't know when I swallowed my saliva. The only thing better than these gigantic figures, would be gigantic breasts.

EFCC always remote controlled on opposition parties
Buhari and EFCC wee not make heaven

Esseite:
This is just media propaganda, he was obviously released because the accusation holds no water..

From the article above, it was not cash hauled but transactions made via the banks and a system is in place in all banks to report transactions above $10,000.

The monies were moved from institutions to institutions whom were aware and no trace of government funds from both ends, neither was it tagged fraudulent.

The crime here is trying to hide the purpose of the money! The money went through many accounts from Intels before getting to the BDC. In fact the owner of the BDC received the money in an account that is not owned by the BDC. Under no way laundry law, it is a crime to hide the owner or beneficiary of the money.

docadams:
This will shut up the Atiku's camp momentarily.

Nothing is shutting up.

Efcc release them him on bail. But if yahoo boy collect $500 you go send am go jail. This life sha.

mfm04622:
The crime here is trying to hide the purpose of the money! The money went through many accounts from Intels before getting to the BDC. In fact the owner of the BDC received the money in an account that is not owned by the BDC. Under no way laundry law, it is a crime to hide the owner or beneficiary of the money.

And what if the purpose of the monies to these companies were different and just regular businesses?

Or because some of it was changed to naira/dollar makes it fraudulent?