"Greatest Fraud in Africa" The NNPC, Swiss Firm $6.8Bn Oil deal under the Radar.

Date: 15-11-2013 7:27 pm (7 years ago) | Author: Paddy Hayes
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- at 15-11-2013 07:27 PM (7 years ago)
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Diezani’s Hustler, Kola Aluko, his Super Yacht, Naomi Campbell And His $Billions Wealth Status - NewsRescueArt ImageBling-Bling Petroleum Minister, Madueke

The House of Representatives’ Committees on Petroleum Upstream and Downstream), and Justice in investigating the Nigerian National Petroleum Corporation (NNPC) for allegedly conniving with a Swiss trading firm to swindle the country of $6.8billion.

 The committees which are expected to put in their report in four weeks,  would question the corporation for selling the country’s crude oil below the market value through what is termed “Letter Box Companies.”

The decision of the lawmakers followed the prayers and the adoption of a motion by Abiodun Abudu-Balogun (APC, Ogun), that the fraud was reported by a Swiss Non-Governmental advocacy organisation, the Berne Declaration.

He said the report by the organisation declared the deal as the “greatest fraud Africa has ever known” that is draining Nigeria of billions of dollars in revenue.

He said: “The report by Berne Declaration, tiled: ‘Swiss Traders Opaque Deals in Nigeria,’ is so disturbing with details of the schemes employed by the NNPC and foreign oil companies to dupe the country of over $6.8billion.

“A major partner of NNPC, Vitol and Transfigura Commodity Trading Firms was mentioned in the deals where large volume of our crude oil was sold below the market price, “ he said, stressing that it should be a source of concern that exclusive and untransparent partnerships of Vitol and Transfigura Commodity Trading Firms with the NNPC, gave them over 36 per cent of the market share, “with NNPC selling its crude at a discount.”

Balogun sought justification behind Nigeria being the only major oil producing nation that sells 100 per cent of its crude to private traders, rather than market it herself and benefit from the resulting added value with the greatest number of beneficiaries of export allocations.

He said another cause for worry is the sharp practices and deals in the NNPC crude oil allocations to local refineries that are not utilised, but sold fraudulently at knock- down prices to Geneva-based companies through Letter box companies by swap arrangement.

“What should also bother Nigerians is the numerous damaging allegations contained in the report against the NNPC and its subsidiaries accused of not publishing detailed financial reports since 2005,” he added.

The presiding officer, Emeka Ihedioha, deputy speaker referred the motion to the three House committees after it was unanimously supported when put to voice vote.
Kola Aluko, the make believe business tycoon, who is known to be a large scale hustler, private-partner oil robber-baron and money launderer for Nigeria’s oil minister, Diezani Madukwe and the current president, Goodluck Jonathan, recently spotted with the British ‘slut,’ Naomi Campbell, implicated in large scale billion dollar frauds, is a usual suspect in the latest $7billion NNPC, Swiss Oil company explosive fraud in Nigeria’s news headlines.

Kola Aluko’s wealth is modestly estimated at well over $100 millions dollars according to SuperYacht.com. He buys up properties in Las Vegas and other top spots for millions of dollars at will; his wealth stolen from Nigeria’s oil sector, runs into billions of dollars.

Kola owns the Galactica Star yacht, which he acquired in June of 2013. Galactica Star is a one-of-a-kind custom built Super Yacht. The 65m long boat is the newest and largest Heesen yacht ever built and goes for a whopping $50-100+ million! Beyonce and JayZ celebrated her 32nd birthday on one in Italy this year.

Kola Akulo is the founder of Fossil Resources, an oil trading company. He was CEO of Exoro Energy until it’s merger with Seven Energy, a leading independent oil exploration company. Aluko is now Deputy CEO and a large shareholder of Seven Energy and co-CEO of Atlantic Energy. Aluko is also a member of the advisory board of Vistajet, a private jet charter company founded by Thomas Flohr.

Kola who according to the ‘National Enquirer’ is sleeping with oil minister Diezani, was recently implicated according to Whistleblowers of being involved through a jet company he is on board in, Vista Jet, in aiding Diezani Madukwe in getting around in splendor as she used his private jets in trips tagged at over $300,000 a route to get herself and her family around on so-called official trips.

Kola is known for his frivolous lifestyle, betting on races, racing with expensive cars in Germany, parties and lavishing Nigeria’s wealth in all other ways imaginable, all over the world.

According to the whistleblower source, Diezani landed Kola Aluko a choice allocation of pricey oil blocks through Kola’s Seven Energy company.

The likes of Kola Aluko are also known to help divert $500,000 per petroleum supplying PFL to the coffers of Diezani and Jonathan for a total of 50-100 PFL’s per month. With these methods, many of Nigeria so-called business tycoons amass unimaginable wealth.

The “Biggest fraud in the history of Africa” according to the Berne Declaration was just exposed. A defrauding of Nigeria by the NNPC in conglomeration with Switzerland’s largest oil dealers, to the tune of $7 billion! Nigerian lawmakers have today initiated an investigation into this elaborate scam.

Kola who is based in Switzerland, has been fingered to be on board these intercontinental grand-criminal scams, defrauding Nigeria to the tunes of billions of dollars
Art ImageKola who lives in Geneva is believed to be a front runner for oil minister Diezani Madukwe

Naomi Campbell is a well known pay-for-fun former British model who has been of service to numerous Nigerian corrupt millionaires, and most recently in 2012 was part of the case against former Liberian president Charles Taylor. She was alleged to have been paid blood diamonds by Charles Taylor for her services. Naomi is not new to helping African crooks spend the blood money of their poor masses. Her rates for a day of fun are somewhere around $500,000, according to those who know her Nigerian clients.

Kola, the minister of oil Diezani Alison-Madukwe and Jide Omokore are also at the center of another similar multi-million dollar theft scandal:

Mr Omokore is the promoter of Atlantic Energy Drilling Concept Limited while Mr Aluko is the power behind Septa Energy Limited. (Atlantic Energy Drilling Concept is a subsidiary of Energy Resource Group with Omokore as Chairman /Chief Executive Officer)

Both companies are the firms allegedly used by Petroluem Minister, Allison Madueke, foreign firm Shell Petroleum Development Company Limited and some officials of the Nigerian Petroleum Development Corporation to perfect an undergoing investigation ‘N59tn shady deal’ in the oil sector.

Reports revealed the ‘sum of $380bn or N59tn, and $15.72tn worth of gas assets were alleged to be at stake in the shady deal’

According to information ‘ part of the allegation in the on going investigation includes ‘secret and arbitrary farm-out” of Oil Mining Leases 4, 26, 30, 34, 38, 41 and 42 to Atlantic Energy Drilling Concept Limited and Septa Energy Limited. Kola Aluko

The Illegal deed was reportedly perfected by Minister Alison-Madueke, SPDC, NPDC officials in partnership with the beneficiary outfits’ promoters.

It is further alleged that the nation lost $750m in the fraudulent deal that breached different sections of the constitution. ($50m was paid instead of the $800m value).

http://www.elombah.com/index.php/special-reports/18852-greatest-fraud-in-africa-the-nnpc-swiss-firm-6-8bn-oil-deal-under-the-radar


Posted: at 15-11-2013 07:27 PM (7 years ago) | Gistmaniac
- softkid at 15-11-2013 08:10 PM (7 years ago)
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jail them all.
Posted: at 15-11-2013 08:10 PM (7 years ago) | Upcoming
Reply
- Noble12 at 15-11-2013 09:47 PM (7 years ago)
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Jesus mi.
Posted: at 15-11-2013 09:47 PM (7 years ago) | Gistmaniac
Reply
- Shegzan at 15-11-2013 09:59 PM (7 years ago)
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Kk,bye#

Posted: at 15-11-2013 09:59 PM (7 years ago) | Gistmaniac
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- Ade-vegaslove at 15-11-2013 10:26 PM (7 years ago)
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Quote from: softkid on 15-11-2013 08:10 PM
jail them all.
Who will jail them?
Thief will jail thieves?
Posted: at 15-11-2013 10:26 PM (7 years ago) | Newbie
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- osamabinladin at 15-11-2013 10:36 PM (7 years ago)
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Jokers !
Posted: at 15-11-2013 10:36 PM (7 years ago) | Hero
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- interpo777 at 15-11-2013 11:00 PM (7 years ago)
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wht  a wicked  world .........and the poor masses are dying just for a daily bread
Posted: at 15-11-2013 11:00 PM (7 years ago) | Gistmaniac
Reply
- Solidstonez at 15-11-2013 11:19 PM (7 years ago)
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Nawa

Posted: at 15-11-2013 11:19 PM (7 years ago) | Addicted Hero
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- deboalabi262 at 15-11-2013 11:26 PM (7 years ago)
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Expolitation and corruption at its best......GEJ, fire on, uhhhh your days are numbered... Huh?


Posted: at 15-11-2013 11:26 PM (7 years ago) | Hero
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- deboalabi262 at 15-11-2013 11:28 PM (7 years ago)
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Quote from: deboalabi262 on 15-11-2013 11:26 PM
Expolitation and corruption at its best......GEJ, fire on, uhhhh your days are numbered... Huh?
Exploitation and corruption at its best in Naija........

Posted: at 15-11-2013 11:28 PM (7 years ago) | Hero
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- akaoha at 15-11-2013 11:43 PM (7 years ago)
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that is why american people call us fraud stars
is not a surprise of what this guys are doing,
because they are not the first and will not be the last
Posted: at 15-11-2013 11:43 PM (7 years ago) | Newbie
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- dareper at 16-11-2013 12:12 AM (7 years ago)
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They(the thief of nigerians taxpayer money) will use our own money shakara for u, then their pikin will still use it to shakara for our pikin, please where is our say? As for me... Am not going down without a fight. Ki ni?
Posted: at 16-11-2013 12:12 AM (7 years ago) | Hero
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- papadip at 16-11-2013 12:22 AM (7 years ago)
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When it comes to fraud, embezzlement, corruption, nepotism…..tribalism does not exist in Nigeria …..
 
It is all about greed…Tribalists on this site take notes and a lot of notes…..


More importantly nothing will be achieved with this news..
The poor and the vulnerable will continue to suffer...

It is a shame...
Posted: at 16-11-2013 12:22 AM (7 years ago) | Gistmaniac
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- ikwo1 at 16-11-2013 12:37 AM (7 years ago)
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not surprise,i could remember what a police man in zurich switzerland told me when went there to buy a car.he saw me with money and was questioning me if the money was a drug money or not .when i brought out evidence that i came to buy a car here and he told me that i may think i  m smart dt wat we sent to 9jar is just a peanut bcos our government will bring billions back to switzerland.i was shocked to my toes for a  police man to say that.
Posted: at 16-11-2013 12:37 AM (7 years ago) | Gistmaniac
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- lanudja at 16-11-2013 12:41 AM (7 years ago)
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We need revolution in dis country if nt, things wil harldly change 4 d beta. All dis crimials wil keep cheating on us.
Posted: at 16-11-2013 12:41 AM (7 years ago) | Hero
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- ObyWBabaK at 16-11-2013 01:05 AM (7 years ago)
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 Lips Sealed
Posted: at 16-11-2013 01:05 AM (7 years ago) | Gistmaniac
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- morrisony2k at 16-11-2013 01:28 AM (7 years ago)
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america movie na today, wetin happen to aviation minister case, rubish i beg make i pass. badluck jonathan  know? he know everything wen dey go on there, he don collect he own  share of the money. b4 he make her minister she must dey pay homage to president. becus that is best ministerian post. that is where the money is in nigeria. at the end of the month she must pay something to jonathan account to retain her post. we are nigerians we know all these abrakadabra.nothing will be done to her. u don see where thief dey judge thief. na look i dey look,
Posted: at 16-11-2013 01:28 AM (7 years ago) | Upcoming
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- papadip at 16-11-2013 01:28 AM (7 years ago)
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Quote from: lanudja on 16-11-2013 12:41 AM
We need revolution in dis country if nt, things wil harldly change 4 d beta. All dis crimials wil keep cheating on us.
How can we revolutionize when we don't like each other?
Posted: at 16-11-2013 01:28 AM (7 years ago) | Gistmaniac
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- gbojac at 16-11-2013 02:04 AM (7 years ago)
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All these valuable informations Bad luck Jonathan don't know 'em since he's been in the presidential court for the last 8 years or so,,, Instead, he went to pray mammon inside Israel,,, the blame is for our heads and we deserve our leader, Mr Jonathan may you live long and remain our president forever,,,, nobody will do you none..... Poster, you done well but your information enter one ear and left our head in the other ear....
Posted: at 16-11-2013 02:04 AM (7 years ago) | Gistmaniac
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- emekaeneh at 16-11-2013 02:07 AM (7 years ago)
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One day e go beta.                                                          Eneh say so via nokia 3310
Posted: at 16-11-2013 02:07 AM (7 years ago) | Gistmaniac
Reply
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