₦airaland Forum

GenBuhari:
[size=18pt]^^* please do not take the poll above until you have read the entire thread*^^[/size]

I have been suspecting for several months that Abacha never looted, and now I have discovered how Obasanjo and IBB consipired with associates and Foreign bankers to decieve Nigerians to believe that he looted.

Some background:

Abacha's achievements were said to include:

*The stablisation of the political terrain, after the annulment of the June 12, 1992 elections by General Babangida and the political upheavals that followed it, leading to the exit of General Babangida and the installation and the exit of the interim administration of Chief Ernest Shonekan.

*The stabilisation of the value of the naira and its stoppage from further devaluation (maintained at $1=N22 for his entire era);

*The increase in the country's foreign exchange reserves from $494 million dollars in 1993 to $9.6 billion by the middle of 1997;

*The improvement in the general standard of living of Nigerians during the regime;

*The establishment of the Petroleum Trust Fund and the improvement in the infrastructural services it occasioned;

*The caging of, and the reduction in the influences of the IMF/World Bank in the Nigerian economy, which reached its height during the regime of General Babangida;

*The prudent management of the annual budgets of the Federal Government; the reduction in the external debt of Nigeria from $36 billion in 1993 to $27 billion by 1997;

*Improvement in the salaries and pensions of public servants;

*The unprecedented provision of money for the settlement of internal debts which had been incurred by previous administrations but for which little or no provisions for their settlement had been made until the Abacha's regime.

*Oil prices were as low as $9/barrel , yet Abacha was able to also intervene in two regional conflicts in Sierra Leone and Liberia to play Nigeria's rightful role as a regional superpower.

*All privatisation (selling off of Nigeria's assets) were brought to halt by Abacha by 1995.

*Abacha inherited inflation rate of 54% from IBB in 1993 and had reduced it to 8.5% by 1998

*Abacha's Vision 2010 was submitted to Abacha in September, 1997. The Visioners consisted of 247 elite Nigerians, under the chairmanship of Chief (Dr.) Ernest Shonekan, the preceding head of state to General Abacha. The committee was assisted by 141 technical and secretariat staff, drawn from the Presidency, the Bureau of Public Enterprises (BPE), federal ministries, the National Assembly, the Central Bank of Nigeria, the universities and the private sector. In addition, 29 Facilitators, 24 Resource persons, and 17 consultants, including foreign experts from Asia, Europe and America, participated in the Vision. The 247 members included the country's major emirs, obis, and obas, Christian and Muslim religious leaders, leading industrialists, commercialists, bankers and academicians, many of whom are now very prominent leaders in the ongoing Obasanjo reform administration. In its letter of transmission of the report to Abacha, the Visioners stated that, "The Report is the outcome of 12 plenary meetings, 57 around-the country meetings and workshops, 53 sub-committee meetings, field studies, and, thousands of memoranda from the public, including input from federal ministries, state governments, private sector institutions, Nigerians domiciled out of the country, and some foreigners who have interest in the welfare and livelihood of Nigeria". These foreigners are now called, " Development Partners" in the Obasanjo administration.

The Report proposed both immediate, short-term, medium term, and long-term measures to stimulate and grow the economy of Nigeria. The Committee rightly adumbrated that, "all of us, and not one single segment of the society or a single administration, could be strictly said to be responsible for our problems. The Committee then proceeded to ask, and answer, three questions about the country; viz: "Where we are, and why?" Where do we want to be?" And, "How do we get there", so that by 2010, Nigeria will be a democratic society, committed to making the basic needs of life affordable for everyone and creating Africa's leading economy?"

Now, please ask yourself what would prompt a blind probe of a government that had performed so well, other than pre-planned plot to assassinate his character after his assassination, to deflect attention from the really enemies of the state who had just stolen back power by poisoning Abacha.

https://www.nairaland.com/nigeria?topic=693700.msg8820027

[size=18pt]Please ask yourself what would prompt a blind probe for financial mismanagement of a leader that had performed so well?[/size]

My theory is that IBB and Obasanjo needed to scapegoat Abacha, to deflect attention from IBB and how he ruined the country.

Immediately after Abacha was poisoned I  believe IBB was calling the shots from behind the scenes although Adulsalami Abubakar was the figure head transitional Head of State.

I believe IBB wanted to blame Abacha for Nigeria's problems as he had ambitions of returning eventually to the seat of power (maybe after Obj had served 1 term in office.









[size=21pt]Here is how I believe Obasanjo and IBB made it appear that Abacha had stolen money[/size]

Obasanjo and Babangida hired one of their associates who may have a foreign bank account already, pose as Abacha's associate.
IBB or Obj would have money transferred into their account and then in court they would falsely claim to be a business associate of Abacha and would agree to refund money to Nigerian Government,
However when the case is reported to the press Obasanjo's representatives would say that Abacha and his associates have has agree in court that to refund whatever large amount typically between $20million and about $600million.

For an instance if Abacha's had $0 and the associate had $1.5bn, some press reports would report Abacha and his cronies or associate or family and friends have $1.5bn in foreign accounts.

The reports never breakdown how much of money attributable to Abacha and how much to Obasanjo's hired "associates"









Now consider the following news story which is typical

http://news.bbc.co.uk/1/hi/world/africa/1606565.stm

[size=18pt]18 October, 2001, BBC News   12:45 GMT 13:45 UK
Britain goes after Abacha millions[/size]

The British High Court has given the government the go-ahead to help Nigeria trace more than $1bn allegedly looted by late dictator Sani Abacha.

The decision came after lawyers failed to challenge a Home Office decision to help Nigerian and Swiss officials recover money said to have been traced to London.
The Press Association said the lawyers were acting for Mohammed Abacha, the dictator's son, and Abubakar Bagudu, Abacha's London-based partner.

Nigeria is trying to recover more than $3bn allegedly embezzled during General Abacha's rule which ended with his death in 1998.

Britain was asked last year to help recover the money.

Account freeze

Six months ago, Britain's financial watchdog, the Financial Services Authority, revealed that 23 London banks had handled $1.3bn belonging to family and friends of General Abacha.

Earlier this month, judicial authorities in Britain reportedly ordered some of the world's largest banks to freeze accounts believed to belong to the dictator


[size=20pt]The big evidence I found that proves, my suspicion is that the named "associate" in the above BBC News story, Abubakar Bagudu turns out to be a full member of the PDP esablishment, who has been handsomely rewarded by being selected as PDP Senator for Kebbi 2008.


Ladies and Gentlemen this is the evidence that should indicate that there is a conspiracy to paint to delibrately paint Abacha as a looter.[/size]



http://en.wikipedia.org/wiki/Abubakar_Atiku_Bagudu
[size=18pt]
Abubakar Atiku Bagudu was born on 26 December 1961.[1] Although Bagudu claimed to come from a wealthy family owning millions, in fact his father was formerly the director of Primary Education in Kebbi.[2] He obtained a BSc (Economics), Msc (Economics) and M.A. (International Affairs).[1]

Bagudu became a close friend of Ibrahim and Mohammed Abacha, sons of military ruler Sani Abacha.[3] He and Ibrahim Abacha were involved in a scheme to buy vaccines and resell them to the government at a steep mark-up, earning $66.6 million profit. Later, he helped divert much larger sums of money that had been earmarked for security spending into foreign accounts.[2]

After Abacha died in 1998, the interim military government that followed started an investigation into misuse of state funds. Mohammed Abacha and Abubakar Atiku Bagudu, his business manager, returned $750m. At that time, there were no criminal prosecution.[3] Bagudu moved to the USA in 2000, and in 2003 was detained there for six months on charges of financial misdeeds during the Abacha era. He was released in November 2003 on condition that he repaid about US$300 million to the Federal Government of Nigeria.[4] The administration of President Olusegun Obasanjo apparently made a deal to recover part of the money in return for dropping prosecution and leaving the remainder with the family.[5] Bagudu was Chairman of Phil Nugent Nigeria Ltd. from 2004 until December 2005[/size]

Have you noticed the total absence of reliable video interviews of Abacha's family members?

Nigerians please question everything you hear from our leaders and our corrupt press.





[size=18pt]And the same Bagudu was Chairman of Phil Nugent Nigeria Ltd. from 2004 until December 2005,
A company that went on to be awarded a $1billion contract by the government

http://naijanaz..com/2007/09/prelude-to-fraud.html.[/size]

GenBuhari:
[size=18pt]^^* please do not take the poll above until you have read the entire thread*^^[/size]

I have been suspecting for several months that Abacha never looted, and now I have discovered how Obasanjo and IBB consipired with associates and Foreign bankers to decieve Nigerians to believe that he looted.

Some background:

Abacha's achievements were said to include:

*The stablisation of the political terrain, after the annulment of the June 12, 1992 elections by General Babangida and the political upheavals that followed it, leading to the exit of General Babangida and the installation and the exit of the interim administration of Chief Ernest Shonekan.

*The stabilisation of the value of the naira and its stoppage from further devaluation (maintained at $1=N22 for his entire era);

*The increase in the country's foreign exchange reserves from $494 million dollars in 1993 to $9.6 billion by the middle of 1997;

*The improvement in the general standard of living of Nigerians during the regime;

*The establishment of the Petroleum Trust Fund and the improvement in the infrastructural services it occasioned;

*The caging of, and the reduction in the influences of the IMF/World Bank in the Nigerian economy, which reached its height during the regime of General Babangida;

*The prudent management of the annual budgets of the Federal Government; the reduction in the external debt of Nigeria from $36 billion in 1993 to $27 billion by 1997;

*Improvement in the salaries and pensions of public servants;

*The unprecedented provision of money for the settlement of internal debts which had been incurred by previous administrations but for which little or no provisions for their settlement had been made until the Abacha's regime.

*Oil prices were as low as $9/barrel , yet Abacha was able to also intervene in two regional conflicts in Sierra Leone and Liberia to play Nigeria's rightful role as a regional superpower.

*All privatisation (selling off of Nigeria's assets) were brought to halt by Abacha by 1995.

*Abacha inherited inflation rate of 54% from IBB in 1993 and had reduced it to 8.5% by 1998

*Abacha's Vision 2010 was submitted to Abacha in September, 1997. The Visioners consisted of 247 elite Nigerians, under the chairmanship of Chief (Dr.) Ernest Shonekan, the preceding head of state to General Abacha. The committee was assisted by 141 technical and secretariat staff, drawn from the Presidency, the Bureau of Public Enterprises (BPE), federal ministries, the National Assembly, the Central Bank of Nigeria, the universities and the private sector. In addition, 29 Facilitators, 24 Resource persons, and 17 consultants, including foreign experts from Asia, Europe and America, participated in the Vision. The 247 members included the country's major emirs, obis, and obas, Christian and Muslim religious leaders, leading industrialists, commercialists, bankers and academicians, many of whom are now very prominent leaders in the ongoing Obasanjo reform administration. In its letter of transmission of the report to Abacha, the Visioners stated that, "The Report is the outcome of 12 plenary meetings, 57 around-the country meetings and workshops, 53 sub-committee meetings, field studies, and, thousands of memoranda from the public, including input from federal ministries, state governments, private sector institutions, Nigerians domiciled out of the country, and some foreigners who have interest in the welfare and livelihood of Nigeria". These foreigners are now called, " Development Partners" in the Obasanjo administration.

The Report proposed both immediate, short-term, medium term, and long-term measures to stimulate and grow the economy of Nigeria. The Committee rightly adumbrated that, "all of us, and not one single segment of the society or a single administration, could be strictly said to be responsible for our problems. The Committee then proceeded to ask, and answer, three questions about the country; viz: "Where we are, and why?" Where do we want to be?" And, "How do we get there", so that by 2010, Nigeria will be a democratic society, committed to making the basic needs of life affordable for everyone and creating Africa's leading economy?"

Now, please ask yourself what would prompt a blind probe of a government that had performed so well, other than pre-planned plot to assassinate his character after his assassination, to deflect attention from the really enemies of the state who had just stolen back power by poisoning Abacha.

https://www.nairaland.com/nigeria?topic=693700.msg8820027

[size=18pt]Please ask yourself what would prompt a blind probe for financial mismanagement of a leader that had performed so well?[/size]

My theory is that IBB and Obasanjo needed to scapegoat Abacha, to deflect attention from IBB and how he ruined the country.

Immediately after Abacha was poisoned I  believe IBB was calling the shots from behind the scenes although Adulsalami Abubakar was the figure head transitional Head of State.

I believe IBB wanted to blame Abacha for Nigeria's problems as he had ambitions of returning eventually to the seat of power (maybe after Obj had served 1 term in office.









[size=21pt]Here is how I believe Obasanjo and IBB made it appear that Abacha had stolen money[/size]

Obasanjo and Babangida hired one of their associates who may have a foreign bank account already, pose as Abacha's associate.
IBB or Obj would have money transferred into their account and then in court they would falsely claim to be a business associate of Abacha and would agree to refund money to Nigerian Government,
However when the case is reported to the press Obasanjo's representatives would say that Abacha and his associates have has agree in court that to refund whatever large amount typically between $20million and about $600million.

For an instance if Abacha's had $0 and the associate had $1.5bn, some press reports would report Abacha and his cronies or associate or family and friends have $1.5bn in foreign accounts.

The reports never breakdown how much of money attributable to Abacha and how much to Obasanjo's hired "associates"









Now consider the following news story which is typical

http://news.bbc.co.uk/1/hi/world/africa/1606565.stm

[size=18pt]18 October, 2001, BBC News   12:45 GMT 13:45 UK
Britain goes after Abacha millions[/size]

The British High Court has given the government the go-ahead to help Nigeria trace more than $1bn allegedly looted by late dictator Sani Abacha.

The decision came after lawyers failed to challenge a Home Office decision to help Nigerian and Swiss officials recover money said to have been traced to London.
The Press Association said the lawyers were acting for Mohammed Abacha, the dictator's son, and Abubakar Bagudu, Abacha's London-based partner.

Nigeria is trying to recover more than $3bn allegedly embezzled during General Abacha's rule which ended with his death in 1998.

Britain was asked last year to help recover the money.

Account freeze

Six months ago, Britain's financial watchdog, the Financial Services Authority, revealed that 23 London banks had handled $1.3bn belonging to family and friends of General Abacha.

Earlier this month, judicial authorities in Britain reportedly ordered some of the world's largest banks to freeze accounts believed to belong to the dictator


[size=20pt]The big evidence I found that proves, my suspicion is that the named "associate" in the above BBC News story, Abubakar Bagudu turns out to be a full member of the PDP esablishment, who has been handsomely rewarded by being selected as PDP Senator for Kebbi 2008.


Ladies and Gentlemen this is the evidence that should indicate that there is a conspiracy to paint to delibrately paint Abacha as a looter.[/size]



http://en.wikipedia.org/wiki/Abubakar_Atiku_Bagudu
[size=18pt]
Abubakar Atiku Bagudu was born on 26 December 1961.[1] Although Bagudu claimed to come from a wealthy family owning millions, in fact his father was formerly the director of Primary Education in Kebbi.[2] He obtained a BSc (Economics), Msc (Economics) and M.A. (International Affairs).[1]

Bagudu became a close friend of Ibrahim and Mohammed Abacha, sons of military ruler Sani Abacha.[3] He and Ibrahim Abacha were involved in a scheme to buy vaccines and resell them to the government at a steep mark-up, earning $66.6 million profit. Later, he helped divert much larger sums of money that had been earmarked for security spending into foreign accounts.[2]

After Abacha died in 1998, the interim military government that followed started an investigation into misuse of state funds. Mohammed Abacha and Abubakar Atiku Bagudu, his business manager, returned $750m. At that time, there were no criminal prosecution.[3] Bagudu moved to the USA in 2000, and in 2003 was detained there for six months on charges of financial misdeeds during the Abacha era. He was released in November 2003 on condition that he repaid about US$300 million to the Federal Government of Nigeria.[4] The administration of President Olusegun Obasanjo apparently made a deal to recover part of the money in return for dropping prosecution and leaving the remainder with the family.[5] Bagudu was Chairman of Phil Nugent Nigeria Ltd. from 2004 until December 2005[/size]

Have you noticed the total absence of reliable video interviews of Abacha's family members?

Nigerians please question everything you hear from our leaders and our corrupt press.





[size=18pt]And the same Bagudu was Chairman of Phil Nugent Nigeria Ltd. from 2004 until December 2005,
A company that went on to be awarded a $1billion contract by the government

http://naijanaz..com/2007/09/prelude-to-fraud.html.[/size]

orisa37:
It's a lie.

GenBuhari:
It's a lie that Abacha looted. You are right about that.

GenBuhari:
It's a lie that Abacha looted. You are right about that.

orisa37:
Abacha was worse than Hitler. He poisoned Prof. Aluko, his Chief Economist who dared to challenge his Appropriation Budgeting system. Abacha was dumb, unintelligent, a foreigner and an abomination to Leadership in Nigeria.
From Orunto27.

orisa37:
.

Oti rugi oyin !!!

ocelot2006:
*smh* Some folks have totally lost it. Abacha "honest and best" leader? REALLY?? That tribalisitic and murderous criminal whose death was celebrated by Nigerians, my inclusive? @ OP, you have TOTALLY lost it.

GenBuhari:
Lazy response. Where is your counter evidence to my well researched points and sources posted?

GenBuhari:
Lazy response. Where is your counter evidence to my well researched points and sources posted?

GenBuhari:
22years after the great General's death Nigeria enemies are still trying to discredit him with endless reports of repartriation of the phantom loot, which never seems to be recieved into our treasury coffers.

cosef:
abokki close ya rotten mouth, Abacha was a crook and a God-forsaken kleptocrat.

orisa37:
Abacha was a Thief, a Bokoharam and an Abomination in NIGERIA.

Shagari suspected him and the name Abacha is Foreign.

He killed Prof. Aluko.