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Showing posts with label Nigerian Financial Crime Report. Show all posts
Showing posts with label Nigerian Financial Crime Report. Show all posts

Saturday, July 25, 2015

Who steals Nigeria’s crude oil? – 2


“You can fool some of the people all the time; you can fool all the people some of the time; but, you can’t fool all the people all the time.”
Abraham Lincoln, 1809-1865. (VANGUARD BOOK p 62).
“Jonathan’s Ministers behind oil theft.”- Buhari.
Front page of a national daily last week.
The story continued on the next page with the following disclosure. “Buhari said the documents at his disposal indicted some former Ministers and other top government officials of massive fraud including oil theft.”Some former Ministers were selling about one million barrels per day...”
I was not surprised because the revelation only confirmed what I had written as far back as July 2013 on these pages titled WHO STEALS NIGERIA’S CRUDE OIL? Below is the 2013 article; and when you finish, if you are honest, you should send me a bottle of GULDER for pin-point accuracy on

Tuesday, July 14, 2015

Nigeria 1billion to fund:Okonjo-Iweala Calls Oshiomhole Names

Okonjo-Iweala Calls Oshiomhole Names Over Allegations

Nigeria’s former finance minister, Dr Ngozi Okonjo-Iweala, has fired back at Governor Adams Oshiomhole of Edo state over his allegations.
Reports say the former supervising minister of the economy stated that the governor is suffering from numerical diarrhea after he alleged that she took $1billion to fund the re-election bid of former president Goodluck Jonathan.
Okonjo- Oshiomhole
PM News reports that a statement issued by Paul C Nwabuikwu, media adviser to Okonjo-Iweala, described Oshiomhole’s accusations as “another false, baseless allegation” against Okonjo-Iweala by Oshiomhole.
“The allegation by Governor Adams Oshiomhole of Edo State that former Minister of Finance Dr Ngozi Okonjo-Iweala spent $1 billion out of the Excess Crude Account to fund the re-election bid of

Monday, July 13, 2015

Nigerian:Detained ex Jigawa gov, Sule Lamido and two sons flown to Abuja


Nigerian Prison sources say ex Jigawa state governor, Sule Lamido and his two sons Aminu and Mustapha, have been flown to Abuja this morning ahead of the court hearing for their bail application holding tomorrow July 14th. The former Governor and sons who are standing trial for allegedly

Saturday, July 11, 2015

Nigeria:EFCC trial;Politicians besiege Kano prisons for Lamido, sons.The Nation

Sule Lamido and his son
 Ex-Kaduna Governor Umar faults judge for denying them bail        •Says judge was high-handed         •Why ex-Jigawa governor was remanded in prison
THE Thursday order of the Federal High Court, Kano remanding the immediate past governor of Jigawa State, Alhaji Sule Lamido and his two sons in the Kano central prison has turned the jailhouse into a tourist centre of sort.
Scores of politicians, friends, associates and relations of the governor have been thronging the prison to sympathise with Lamido and his sons –Aminu and Mustapha – since they were moved there.
The trio and one Wada Abubakar were arraigned by the Economic and Financial Crimes Commission (EFCC) on a 28-count charge of money laundering, abuse of public trust and bribery by contractors amounting to N1.351 billion.

Tuesday, June 30, 2015

Nigeria NNPC BOARD: Buhari To Sack Head Of Service

President Muhammadu Buhari sacked the 9-man board of the Nigerian National Petroleum Corporation (NNPC), in order to tackle structural issues, seal leakages and ensure probity and accountability, more retrenchments seem soon to follow.

NNPC BOARD: Buhari To Sack Head Of Service
For the newly appointed Head of Service of the Federation, Mr. Danladi Keifasi, it’s not the best of times; as Presidency may ease him out sooner than he settles down in his new office.

Monday, June 29, 2015

Scam News: Okonjo-Iweala Spent $2.1bn

The National Economic Council accuses a former minister of finance Ngozi Okonjo-Iweala of spending $2.1bn from the Excess Crude Account without authorisation. 
The council says: “We looked at the numbers for the Excess Crude Account. The last time the former Minister of Finance and Coordinating Minister of the Economy, Mrs Ngozi Okonjo-Iweala, reported to the council, and it is in the minutes, she reported by November 2014 that we had $4.1 bn.”

EFCC quizzes former minister, Etete, over alleged oil deal:the Guadian


Oil workers, member sof PENGASSAN. Photo: naij
FORMER Minister of Petroleum, Dan Etete, was yesterday quizzed by the Economic and Financial Crimes Commission (EFCC) in continuation of an investigation that had been stalled for several years.
A source told The Guardian that the former minister was granted administrative bail to provide more documents on the alleged $1.1 billion oil deal transfer that was made to Switzerland under his company, Malabu Oil and Gas.

Sunday, June 28, 2015

Presidency orders VC, registrar of the Fed University of Otuoke to refund overpaid salaries

The Presidency, through the National Salaries, Incomes and Wages Commission, has instructed the Vice-Chancellor of the Federal University, Otuoke, Bayelsa State, Prof. Mobolaji Aluko, to refund over payment of salaries running into millions of naira.