who was the worst president of Nigeria. (Page 6)

ABACHA

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Posted: at 22-01-2010 11:09 AM (15 years ago) | Gistmaniac

Baba Iyabo,Olusegun Aremu Obasanjo...

Posted: at 3-02-2010 11:16 PM (15 years ago) | Newbie

Until we have president, I don't think we ever have one.

Posted: at 4-02-2010 03:55 PM (15 years ago) | Upcoming

TRUE TALK.  SEE BABA IYABO  SECOND IN COMMAND ; WHAT HE DID



Date Published: 02/04/10

U.S report indicts Atiku on $40 million money laundering

A United States Senate report has accused Atiku Abubakar, Nigeria’s former Vice-President, of laundering over $40 million in suspicious funds into the United States between 2000 and 2008. And his partner in the lucrative effort was Jennifer Douglas, his fourth wife.  Ms. Douglas is sometimes known as Lady Jamilah Jennifer, or Douglas E, or Jennifer Iwenjora, the name by which she was known in the 1980s when she was a reporter with the Nigeria Television Authority in Lagos.  According to the report, which was written by the Senate Subcommittee on Investigations, most of the funds were through wire transfers sent by offshore corporations to U.S. bank accounts.

Of the $40 million identified in the US investigation, $25 million was reportedly 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.

“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,” the report says.  “While Ms. Douglas denies wrongdoing, Siemens has already pled (pleaded) 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.

The report also recalls the 2006/2007 corruption brouhaha in Nigeria between Abubakar and then President Olusegun Obasanjo over the Petroleum Technology Development Fund.  At that time, both a government panel and an Economic and Financial Crimes Commission panel found Atiku guilty of diverting funds meant for the Fund's operations nationwide to various banks to promote his private interests.  Obasanjo dismissed his own extensive gains from the account as pointed out by Abubakar as mere "gifts" over which he had no control.

The report goes on: “The U.S. banks maintaining those accounts were, at times, unaware of her PEP (Politically Exposed Person) 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.”



Visitor Comments
Posted By Dem DEY Craze on 2010-02-06


 
LOOK at this CRIMINAL. Product of the Nigerian Customs. I will write to my Congressman to make sure that you are sent to JAIL. Thats where you belong. Not in Dubai!!
So ATIKU, you stole this amount of money and banked in USA whereas your fellow countryfolks are dying of hunger eh?
Yet, how much more did you send to other countries like Saudi Arabia and Dubai and Britain and around the world?
How much did you send to your THREE other remaining wives? How many Millions to your ASHAWO girlfriends?
You wanted to form MEGAPARTY and come back to steal more money, right?
They should amputate your hands by Sharia Law. If you could amputate someone's hands because they stole chicken fowl, how about $40 Million?
WALLAHI TALLAHI, if I ever see you in Politics again, You will see what I will do to you. Just bury your head in shame and go to your grave with all that money!
Fellow Nigerians, Here is an anthem for everyone. These folks must bring back the money:

<a href="http://www.youtube.com/watch?v=kgph0vNtGfc" target="_blank" class="aeva_link bbc_link new_win" rel="nofollow">Monday Midnite-Bring back the money(dramatized)</a>

Posted: at 7-02-2010 12:45 AM (15 years ago) | Upcoming

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mychosen
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   Re: who was the worst president of Nigeria.
« posted : June 24, 2009, 05:04:06 AM »   

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PLEASE, EVERYONE SHOULD LISTEN. CAN MAKE NAIJAPALS A PLACE OF DEVELOPMENT, CREATIVITY, POSITIVE ATTITUDE, FUTURE INTEREST AND POSSIBLE SOLUTION TO THE CURRENT SITUATION IN NIGERIA INSTEAD OF AN OBJECT OF CRITICISM WITHOUT POSITIVE IMPART. KNOWING THE NIGERIA WORST PRESIDENT CANNOT HELP ISSUES, BUT HOW CAN WE PRODUCE A GOOD GOVERNANCE TO JOIN THE DEVELOPING NATIONS OF THE WORLD. WHAT DO YOU AS THE MAJOR PROBLEM FACING NIGERIA AS NATION? AND SUGGEST POSSIBLE SOLUTION TO THAT. SHOULD IT BE ELECTRICITY??
 
 
THE TRUTH REMAINS THAT SOME POINTS MAY NOT MAKE SENSE BUT CRICTICAL ANALYSIS BRINGS OUT THE ADVANTAGE! EG FOR A BAD RULER TO KNOW THAT HE IS KNOWN TO HAVE RULED WRONGLY OR THAT THE PEOPLE ARE NOT HAPPY WITH HIM FOR HAVEN DRAW THEM BACKWARD IS A SENSE ON ONE PART WHILE FOR THE NEXT ASPIRING PERSON THERE IS THE CONSCIOUSNESS OF THE FACT THAT THE PEOPLE ARE SENSITIVE AND THUS WATCHING!THERE ARE STILL MANY MORE ADVANTAGES!

Posted: at 12-02-2010 11:35 PM (15 years ago) | Upcoming