Babangida's $12.4 Billion Gulf War Oil Windfall Theft: Court Dismisses SERAP's Okigbo Report Lawsuit
Posted: November 29, 2012 - 14:04
Former military dictator Ibrahim Babangida
By SaharaReporters, New York

A federal high court judge in Abuja today dismissed a lawsuit brought by a civil society group Social-Economic and Accountability Project (SERAP) to push former military dictator Ibrahim Babangida to account for $12.4 billion he reportedly stole from the Nigeria treasury after the 1991 gulf war that brought international oil prices to unprecedented levels.

 Nigeria made over $12.4 billion from oil export sales during the period, but the former military dictator stole most of the funds and laundered it.

SERAP and six others had sued the federal attorney general and the Central Bank of Nigeria asking the court to compel the agencies to provide a federally mandated report produced by a former Nigerian economist Pius Okigbo detailing how Mr. Babangida and his cronies fraudulently depleted the windfall.

The verdict had been expected for delivery last week, however, the judge failed to deliver his decision after the Attorney General of the Federation and Minister for Justice, Mohammed Bello Adoke filed a last minute motion asking the court to disqualify the claimants saying they lacked the authority to question the spending and fraud associated with the funds.

Today, the federal judge  Gabriel Kolawole dismissed the case stating that the plaintiffs lacked the requisite rights to demand  the report. He then praised the plaintiffs for being "patriotic citizens".........http://saharareporters.com/news-page/babangidas-124-billion-gulf-war-oil-windfall-theft-court-dismisses-seraps-okigbo-report-la

 @nwogarakunwogaraku (114) you are always On point....i totally agreed with Ur comments,our leaders and rich men only invest in politics not in productions to give employment to the youths,the moral justification of Police Administration in giving three thousand Naira (3000.00) only , as monthly allowance to the police recruits on training while Billions of Naira are budgeted for their feeding....

@adiankpo (16) please i am not forcing you.however,i am just trying to contribute in the life's of our citizens,and if you are contented those not mean everyone have a stone hatred like you do...  We shall keep talking about it in fact we should make it a national issue and a matter of public discuss maybe then and just then shall 1 they look into it......Thank you so much  @simelesimele (3012) you are On Point.....God bless you with more wisdom

Interesting .......Ajanni i ask you to give me the meaning of Religion all what you said is...yes Na...why Not,i am still waiting for your answer?yes Na and why Not is not the really Answer to my question...

Ajanni ... Pls can you give me the meaning of Religion

<a href="http://www.youtube.com/watch?v=AMr_GUD_III" target="_blank" class="aeva_link bbc_link new_win" rel="nofollow">http://www.youtube.com/watch?v=AMr_GUD_III</a>

<a href="http://www.youtube.com/watch?v=xsToGea4MWI" target="_blank" class="aeva_link bbc_link new_win">http://www.youtube.com/watch?v=xsToGea4MWI</a>

<a href="http://www.youtube.com/watch?v=xsToGea4MWI" target="_blank" class="aeva_link bbc_link new_win">http://www.youtube.com/watch?v=xsToGea4MWI</a>

NIGERIA....MY BELOVED COUNTRY!
(1) Where a man Happily meet a lady and when she goes
back to her friends, their only question will be,
"Is the guy loaded?
(2) Where a blind beggar will reject a fake
naira note.
(3) Where parents claim they always came
first position in school.
(4) Where You Can Be A Driver For Years
Without A 'DRIVER's LICENCE'
(5) Where Presidents and other government
officials don't know the national anthem.
(6) Where the Police on a road block makes
more money a day than motorist and their
owners.
(7) Where Gala and Lacasera is the best
option when stuck in traffic jams (hold up).
( Where we fight for everything. To gain
admission to university, to get a job and to
enter a bus!
(9) Where you are robbed of your phone and
the robbers come back for your Pin code and
the charger.
(10) Where politicians use big unnecessary
grammar to scam people.
(11) Where your type of GENERATOR shows
how RICH you are.
(12) Where generator is a social amenity.
(13) Where people do collect change from beggars.
(14) Where a 60-yr-old grandpa is a National
youth leader of a party (PDP).
(15) Where citizens are more afraid of Police
than Armed robbers.... Is dis a DEMOCRACY OR
CRACYDEMO?

Greetings to you all leaders of tomorrow however,i have been reading all Ur comment and discovered that 95% of NIGERIA here on Naijapals have mental stress and its very difficult to cure and it may leads you all to real madness...when are we all going to realize that even if you all keep fighting about tribalism it will never change anything or even give us a stable light and jobs opportunity moreover this are the mistakes your fathers did when they are young messing up and down with there foolishness and it never change anything up till now ......People who sow seeds of discord by preaching tribalism, racism and religious misunderstanding should find another place to go.... i am very much ashamed of you all .............

Hahahahahahaha@BournIdentity i still dey wait u Ooo....@nattyg72 huh u no won carry last at all huh u too much lol....@samprestige that NO 6 too sure well for you Ooo hahahah....@Bettygirls God go bless you with wisdom joor....@femiparadise hahahaha you no go kill person with laugh here Ooo u come even hard more to it...guy i respect you joor...God Bless you guys more and keep u people safe......peace and love my people

Which of these did u do as a child???

(1) Dip the bread inside the tea?....
(2) Mix de entire white rice and stew before eating.
(3) Pour dry garri on ur beans porridge.
(4) Share de meat and let de eldest pick first.
(5) Crack de bone and suck out de marrow.
(6) Can't eat de meat until u finish de food.
(7) Put de morning tea inside the freezer to be ice cream.
(8)Bite de crown and put it into de bottle of coke.
9) Use de meat to finish de remaining eba.
(10)Put de medicine inside eba nd swallow with soup??

Don't lie oooooo!!lol