₦airaland Forum

eagleeye2:
Please stop. Ogwuma is from Isiala Ngwa, I know his relations on a personal level.

delugajackson:
He worked hand-in-hand with Abacha to siphon billions of dollars into offshore accounts.

The same Abacha that Buhari defended and swore that he never stole. Only for him to recover and re-loot the same looted money years after. Mr. Integrity my foot.

delugajackson:
He worked hand-in-hand with Abacha to siphon billions of dollars into offshore accounts.

The same Abacha that Buhari defended and swore that he never stole. Only for him to recover and re-loot the same looted money years after. Mr. Integrity my foot.

mofedamijo:
someone stole our money, enjoyed his life till death, and you think his dead body cares about where he has been buried......Putin is also a class A criminal, so what's his point

MAYOWAAK:
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”.

Within a matter of days, the panel had secured records from the apex back which revealed that between November 1993 when he took over and June 1998 when he died, Abacha had taken from the CBN funds totaling $2,263,520,497(Two Billion......) 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 Governor of Kebbi State) was ready to cooperate by returning some of the loot.

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 Abacha's family.

Abacha’s contempt for accountability commenced less than two weeks after he took power from Chief Ernest Shonekan. In a memo reference NSA/A/320/S/46 dated 30th November 1993, the then National Security Adviser, Alhaji Ismaila Gwarzo, requested for $100 million to combat “an economy that was deflected and distorted through the black market.” In the same memo, Gwarzo also undertook to pay back the naira equivalent into government coffers. Having apparently been briefed by Abacha, the then Central Bank of Nigeria (CBN) Governor, Dr Paul Ogwuma released the money in the following sums: $95 Million and 3.2 million Pounds Sterling, all in cash.

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 13 and 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 neighbours 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 30th 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 23rd 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 30th April, 1998, a few weeks before Abacha died, Gwarzo collected US $ 80 million, GB £50 million and N250 million based on his letter dated 29th April 1998 for the conduct of an enlightenment campaign on the “virtues” of an “Abacha Presidency”.

On 5th July, 1996, Gwarzo collected from the CBN the sum of US $8.1 million and GB £ 5.2 million based on his request dated 14th June 1996, to support five presidential aspirants in the Niger Republic general elections.

On 21st February, 1997, Gwarzo collected from the CBN the sums of US $60 million and £20 million for “pro-Nigeria propangada” abroad.

On 1st April, 1998, Gwarzo collected from the CBN the sums of US $65 million and GB £30 million for “Public Relations at home and abroad, to counter the European Union campaign against the transition programme.”

On the 8th of May, 1996 Gwarzo collected US $3 million and US $9 million respectively from the CBN. Out of this sum, he reportedly sent US $ 7 million (on behalf of Abacha) to then President Matthew Kerekou of Benin Republic as “assistance to the country to pay outstanding workers’ salary” while US $2 million was for Kerekou himself.

On 13th November, 1996, Gwarzo collected US $5 million and GB £3 million from the CBN based on his letter dated 7th November, 1996 “to take care of foreign dignitaries who will attend the burial ceremonies of the first President of Nigeria, Dr. Nnamdi Azikiwe.”

On 10th September, 1997, Gwarzo collected US$ 60 million and GB£ 30million from the CBN “to finance a campaign for a seat on the Security Council of the United Nations Organisation.”

On 9th December, 1996, Gwarzo collected US $5 million from the CBN sequel to Abacha’s approval of his letter dated 21st November, 1996 in which he requested the said sum “to finance the purchase of ten Toyota Land Cruisers, and ten Peugeot 505 saloons for the Republic of Mali”.

amaniro:
I actually know this man. He's from Abia state,Ngwa to be precise. His brother is in Umuahia now leaving like a peasant while his wife is buying a house of 15.6.What a life.



Ngwa man. Go and take care of your brother in Umuahia. You think I don't know how ill your brother is. This man wicked ooh.

adajiboyy:
But how do this guys move this amount of money out of the coffers of the cbn. Nigeria is so Rich but because we have been cursed with wicked and evil leaders we would always crawl in the community of nations. Dear God in my next life instead of me been a Nigerian make me a lion in the jungle

donifez:
This man suffer people ooh then in CBN. If you protest then they will check camera and sack you. Bankers were drinking garri then. When Paul left and Ahmed entered mehn CBN staff started radiating. It will never be good for Paul. Several workers died then in CBN.

fergie001:
Yap,he is from Abayi...in Osisioma.....
But go to abayi....looks like where the war broke out....
He was involved in a $242m scandal when he left there....

We no like ourselves for this country...aswear

amaniro:
No bro he's from Isiala ngwa. Anyhow share na still ngwa!


If no be say I no just want reveal this man true identity, I for tell you where that him brother dey stay for Umuahia.

fergie001:
You are correct on where he is from...

Leave our people,na their way nah.....

adajiboyy:
But how do this guys move this amount of money out of the coffers of the cbn. Nigeria is so Rich but because we have been cursed with wicked and evil leaders we would always crawl in the community of nations. Dear God in my next life instead of me been a Nigerian make me a lion in the jungle

KOLLYPROF:
The biggest threat to the development of this country was corruption and bad leaders

seunmsg:
Ahmed was CBN governor before Paul. It was Joseph Sanusi that took over from Paul Ogwuna.

Despite all the money he stole under Abacha, the man did not get to enjoy the money. He became half blind almost immediately after leaving office and I heard he’s now fully blind. The wife is the one enjoying the money and buying all the properties.

Sweetcollins:
Wetin u call her?


RUSSIAN PRESIDENT, Vladimir Putin Says: Africa Is A Cemetery For Africans
"When an African becomes rich, his bank accounts are in Switzerland. He travels to France for Medical treatment.
He invests in Germany. He buys from Dubai. He consumes Chinese. He prays in Rome or Mecca. His children study in Europe. He travels to Canada, USA, Europe for tourism.
If he die, he will be buried in his native country of Africa.
Africa is just a cemetery for Africans. How could a cemetery be developed?"
~Putin Asks!

Reference:
Now you are fighting corruption and have an incorruptible leader are you developing....continue in self delusion... as to what the real problem of Nigeria is.

Sweetcollins:
Wetin u call her?


RUSSIAN PRESIDENT, Vladimir Putin Says: Africa Is A Cemetery For Africans
"When an African becomes rich, his bank accounts are in Switzerland. He travels to France for Medical treatment.
He invests in Germany. He buys from Dubai. He consumes Chinese. He prays in Rome or Mecca. His children study in Europe. He travels to Canada, USA, Europe for tourism.
If he die, he will be buried in his native country of Africa.
Africa is just a cemetery for Africans. How could a cemetery be developed?"
~Putin Asks!

Sweetcollins:
Wetin u call her?


RUSSIAN PRESIDENT, Vladimir Putin Says: Africa Is A Cemetery For Africans
"When an African becomes rich, his bank accounts are in Switzerland. He travels to France for Medical treatment.
He invests in Germany. He buys from Dubai. He consumes Chinese. He prays in Rome or Mecca. His children study in Europe. He travels to Canada, USA, Europe for tourism.
If he die, he will be buried in his native country of Africa.
Africa is just a cemetery for Africans. How could a cemetery be developed?"
~Putin Asks!

adajiboyy:
But how do this guys move this amount of money out of the coffers of the cbn. Nigeria is so Rich but because we have been cursed with wicked and evil leaders we would always crawl in the community of nations. Dear God in my next life instead of me been a Nigerian make me a lion in the jungle

olas24u:
Can you compare your country and Russia ?stop trash

mofedamijo:
keep comparing, mr. comparer, when you're done comparing, putin will pay you....trash.

olas24u:
You and Nigeria has a whole are not a serious people and country.you and your country will never make progress.

mofedamijo:
you are wasting your time, i am not based in Nigeria, AND BY God's grace i am doing extremely fine, however, that i will not make progress, you are only cursing your generation, cause who God has blessed, no man can curse...Genesis 12:3 shall be your portion.

olas24u:
You are an idiot,because you don't live in Nigeria ,you are fufilled in life and am wasting my time.you are not better than me here in Nigeria,keep those stories to other fools like you.

Husbandofigbos:
It is Igbo language

AfonjaConehead:
Enjoy ur beans

Husbandofigbos:
Served by those who own you who happen to be third class citizens.