₦airaland Forum

This is the man some piggies want us to elect to the presidency

United States Senate
PERMANENT SUBCOMMITTEE ON INVESTIGATIONS
Committee on Homeland Security and Governmental Affairs

Abubakar Case History.

From 2000 to 2008, Jennifer Douglas, a U.S. citizen and the fourth wife of Atiku Abubakar, former Vice President and former candidate for President of Nigeria, helped her husband bring over $40 million in suspect funds into the United States through wire transfers sent by offshore corporations to U.S. bank accounts. In a 2008 civil complaint, the U.S. Securities and Exchange Commission alleged that Ms. Douglas received over $2 million in bribe payments in 2001 and 2002, from Siemens AG, a major German corporation. While Ms. Douglas denies wrongdoing, Siemens has already pled guilty to U.S. criminal charges and settled civil charges related to bribery and told the Subcommittee that it sent the payments to one of her U.S. accounts.
In 2007, Mr. Abubakar was the subject of corruption allegations in Nigeria related to the Petroleum Technology Development Fund. Of the $40 million in suspect funds, $25 million was wire transferred by offshore corporations into more than 30 U.S. bank accounts opened by Ms. Douglas, primarily by Guernsey Trust Company Nigeria Ltd., LetsGo Ltd. Inc., and Sima Holding Ltd. The U.S. banks maintaining those accounts were, at times, unaware of her PEP status, and they allowed multiple, large offshore wire transfers into her accounts. As each bank began to question the offshore wire transfers, Ms. Douglas indicated that all of the funds came from her husband and professed little familiarity with the offshore corporations actually sending her money. When one bank closed her account due to the offshore wire transfers, her lawyer helped convince other banks to provide a new account.
In addition, two of the offshore corporations wire transferred about $14 million over five years to American University in Washington, D.C., to pay for consulting services related to the development of a Nigerian university founded by Mr. Abubakar. American University accepted the wire transfers without asking about the identity of the offshore corporations or the source of their funds, because under current law, the University had no legal obligation to inquire.

FINDINGS

Offshore Corporations. Jennifer Douglas, a PEP through her marriage to Atiku Abubakar, former Vice President of Nigeria, used a series of U.S. bank accounts to bring over $25 million in suspect funds into the United States via wire transfers from offshore corporations. A U.S. university accepted over $14 million in wire transfers from unfamiliar offshore shell corporations to pay for consulting services related to
development of a university in Nigeria founded by Mr. Abubakar.

Full report here: https://www.hsgac.senate.gov/imo/media/doc/FOREIGNCORRUPTIONREPORTFINAL710.pdf

ibos

tuniski:
I am a full blooded Nigerian. And I support Atiku even if he His lucifer!

Your buhari that is cluelessly angelic. Has Been a disaster

Yes sir I know you do. IPOB logic 101

tuniski:
I Dont take Election victory personal I only take Governance very personal! The Dinos of this world were my university Contemporary and a little Younger to me.


Why should I take election emotionally like today's football fans,why?

I am pro-enterprise (capitalism) therefore I support pdp. Those who are socialist Oriented support apc!

And your idea about good governance is voting in a man indicted by the US senate for laundering over $40 million in questionable funds in that country? I know where you're coming from Mr capitalist. You will taste the bitter pill of defeat next year. You think all Nigerians are into IPOB logic ba?

frankdoz21:
jubril extend his rule to Biafra? Oh my goodness, am in loggerhead with another baboon! This unmasking of jubril imposter broadcast will sink the zoo and it's inhabitants in totality with emergence of New Biafra Nation.

Hahahahaha yeah we've heard that before

[quote author=tuniski post=73076782][/quote]You will still come here and wail with silly excuses next year when your beloved PDP is beaten black and blue

frankdoz21:
it's only the zoo baboons and monkeys like you will stroll to the poll thinking that your unsolicited vote counts. We are biafrans with a common agenda"restoration of sovereign state of Biafra" and we stand for election boycott.

Hahahahaha good luck with all that ibo boy. The rest of us will reelect Buhari for a second term and his rule will certainly extend across to your imaginary Biafra. You always lose

tuniski:
You are being narrow always reflect on the voting pattern of same regions/states,wards etc from 2011 and especially in 2015.

Pdp had a very impressive. Showing in the taunted fortress of Buhari Katsina and bauchi!

But still lost anyway

frankdoz21:
shut up you Yoruba Muslim! BUHARI will not remove his cap because he's a jubril from Sudan. JUBRIL MUST HUMILIATE NNAMDI KANU ONCE AND FOR ALL BY REMOVING HIS CAP!!!!

Calm down ibo boy. Buhari do sent take orders from a nonentity like Kanu whom he forced to flee the country in the first place. If you think your 5% opinion is worth anything, try removing Jubril at the polls next year. Your pain is eternal

frankdoz21:
don't be a coward, what other fact are you still envisaging other than ones layed down by Nnamdi kanu. BUHARI REMOVE YOUR CAP!!!

Buhari will not take off his cap for any IPOB miscreant, he just can't stoop to that low. You are free to believe anything you want to so long as the majority of sensible Nigerians Ibos included know the truth. Nnamdi Kanu is just bitter Buhari dried up the tap for him

nwanyionitsha:
What kind of pictures are these?
Can we please stop this joke and come out with very tangible facts if the man in Aso rock isn't buhari.
The whole thing is looking stupid now. We need witnesses eg from the news paper (metro??) it was reported if it was indeed reported., the AU meeting video where a minute silence was said to have been observed.....
I am just tired of this whole thing.
I am wondering why the opposition is doing nothing if this is true.

Oga only a very small minority of dumb ibos pay any attention to Nnamdi Kanu and his idiotic propaganda. Most ibos don't buy into such trash.

Diiet:
Those appointed are competent.

Why? Because there are no northerners on the list?

Magalan:
So the security men are not on police payroll?

All security personnel are entitled to an allowance when posted on special security operations. A soldier fighting book haram is entitled to allowances that another sitting at some gate is not. Security is expensive

Splashme:
Oshiomole is a disgrace.
See how much he allegedly got

How can Dapo Abiodun be the APC gubernatorial candidate in Ogun state

Forreellinc:
This one never die?

When your father is still alive? Haba

ZKOSOSO:
When e don RED una go know wetin de shele...!

Buhari don't stand a chance...!

In your 5% mind abi?

simplycarro:
See how igbos are reading and using reverse movement to exit the thread

It’s bad to be an Hausa slave, adding hypocrisy to it is even worse

Word

Buhari is winning this thing fair and square, and the only thing the children of the 5% can do is fall back on Biafra or death. The middle belt stands with Buhari

We are waiting for the thieves to come and spend our money, but after we chop clean mouth na sai Buhari we go vote.

#Nigerians say no to a thief and a bigot in aso rock

@LZAA and immhotep why can't you ibos desist from drug trafficking and engage in legitimate trade? Always importing and exporting drugs. Smh

nku5:
This Churchill Okonko is just a hungry, shameless hack. Always writing nonsense looking for attention

Is he not saying the truth? Last year by this time it was Biafra or death, y'all littered social media with derogatory slurs against the Fulani but the moment a Fulani chose one of your own as his running mate, you became slaves and asslickers. You people are hypocrites just like Okwonkwo pointed out and you shall taste the bitter pill of defeat next year. Hausa/Fulani slaves

NaijaMutant:
Mr. Zombified supporter of a dullard.

You are not wise enough to know that the tides have changed and are now against your cow master.

Do I need to educate you on this too

Your 5% region is inconsequential in the scheme of things. Nobody bur Atiku will lose sleep over your votes

feddis:
The only bad idea we have right now is having an illiterate in office who doesn't even know the meaning of economics.

Get lost. When knowledgeable people speak you shouldn't be anywhere close by

olujastro:
I'm an engineer by profession but I know some political economics.
Floating simply means allowing market forces to determine the actual value of the naira.
Floating the naira now is a dangerous step to take. This will take the exchange rate to close to $1 = N1000. Inflation will definitely triple. That means a bag of rice will be 50k.

High oil price is what gives the naira value as most of our foreign earnings come from oil and gas sales.

Nigeria needs to gradually diversify its economy away from oil and reduce its imports especially on items that consume our foreign reserve the most like petroleum products, rice, wheat and steel.

In summary, produce these items locally and possibly export them (after which we can then float the naira), so that the strength of the naira can rely on other things apart from oil.

This govt has previously said it plans to float the naira by 2022 based on its target of producing those 4 items locally by then.

As an example, Egypt relies less on oil than Nigeria. They floated their currency last year and the exchange rate went from 1USD = 9 EGP to 1USD = 18 EGP. That's a 100% loss of value with its attendant inflation.

I agree with you 100%. Floating the naira is a bad idea that would end up ruining the Nigerian economy

doctokwus:
Have u seen them begging for posts or positions, aside ar se lickers that want posts for their own personal gain?
What they saying is give them what the constitution says is theirs,nothing more nothing less,since you have all decided that merit is no longer a criteria for admissions,appointments or promotions.

Have you not seen pictures of Ibo elite bowl in hand at aso rock after Buhari defeated Jonathan at the polls? You will still come out with a more refined Biafra or death chant after your principal loses

doctokwus:
No one should hide under any guise of being neutral.
Buhari has shown an open hatred for the Ibo tribe,he has openly said same,in unambiguous language,and has demonstrated it in practical terms in his appointments.
The Ibo should therefore not shy away from showing him the hatred is mutual.
They have the right,collectively or individually to reject or support Buhari, and they have collectively said they reject him in clear and unambiguous tones.
Let him look for support in other zones, and let every zone bear the cross if he wins to rule for another 4 years.

Then they should be prepared to accept the consequences when Buhari gets reelected cos this time around they will shed tears of blood

Kryptomeniac:
After looking at the political calculation ..... If we ndigbo no settle for Atiku/Obi ticket, wetin we gain....

As for the dullard, 2019 isn't far, duara needs ur full attention. Let's try another person. No one an personalize Nigeria while we still have our PVC in our hands.

When Buhari wins next year don't come here screaming marginalisation when he shuts you out of his government. I know your Ohanaeze folks will be the first to run to aso rock bowl in hand

hisexcellency34:
Namadi Sambo... Best Vice President Nigeria Ever Had. I enjoyed his combo with Goodluck Jonathan. I wish we have them back

You can have them in Biafra we dash you

Im very glad with this judgement requiring the forfeiture of N300 million to the FG by Cownu,s sureties. Alot of roads and power infrastructure could sure use such infusion of funds. Next time they will think twice before they stand for a scammer like him

jamace:
PMB should send his python dancers to Israel to bring Kanu to Nigeria. After all, they chased him to Israel.

Abaribe has no cause to be afraid. The python dancers should bring Kanu to the court.

Abaribe must forfeit N100 million to the FGN or go to jail. He has very much reason to be afraid hence his letter to the Isreali embassy

Restructuring