Connect with us

Breaking

U.S judge okays Nigeria’s request to access bank records of Jonathan, Diezani others

Published

on

A New York federal judge has ruled that Nigeria can subpoena 10 banks in the United States for information needed to prosecute government officials allegedly connected to a British Virgin Island engineering firm’s alleged bribery scheme and subsequent $9.6 billion arbitral claim.

According to a May 8 report in legal website law360.com, District Judge Lorna Schofield, who gave the ruling, ordered the banks to allow the Nigerian government have access to sundry account details of officials listed in its subpoena request.

The move, the judge ruled, would enable the Nigerian government prove its claim that the $9.6 billion arbitration was obtained by Process and Industrial Development (P&ID) by fraud.

PREMIUM TIMES earlier reported that the Nigerian government is demanding records of 60 companies and individuals from 10 banks in the United States as part of its efforts to overturn the controversial $9.6 billion P&ID fine.

Among the individuals whose bank records are being sought are a former Nigerian president, Goodluck Jonathan; his wife, Patience Jonathan; among others.

Mr Jonathan has denied owning any foreign accounts.

Nigeria asked the federal court in New York for permission to subpoena information about transactions involving government officials, including Mr Jonathan and his wife. The politicians were in office when the state signed a contract with Process & Industrial Developments Ltd., and later became involved in a costly dispute with the company.

“There is good reason to believe that ministers at the highest level were involved in a corrupt scheme to steal money from Nigeria,” Attorney General Abubakar Malami said in court filings submitted on March 24.

Nigeria’s chances of annulling the giant penalty lie on proving the 2010 gas supply arrangement was a sham designed to fail by P&ID and government officials.

The saga became a full-blown crisis for Nigeria last August when a U.K. judge ruled P&ID could enforce an arbitration tribunal’s 2017 ruling, now totaling $9.6 billion including interest, which found the country breached the agreement.

The filings were done by Alexander Pencu, a partner of Meister Seelig & Fein LLP, attorneys for the Federal Republic of Nigeria and Abubakar Malami, the Attorney General of the Federation and Minister of Justice of Nigeria.

Mr Pencu listed the banks involved to include “Citibank, N.A. (“Citibank”) , Allied Irish Banks plc (“Allied Irish”), HSBC Bank USA (“HSBC”), Standard New York, Inc. (“Standard New York”), Deutsche Bank Trust Co. Americas (“Deutsche Bank”), J.P. Morgan Chase (“JPMorgan”), United Bank for Africa (“UBA”), Bank of Cyprus, Fortis Private Banking Singapore Limited (“Fortis”), and Standard Chartered International (USA) Ltd. (‘Standard Chartered”).

Details of the information being sought are meant for use in “ongoing foreign criminal investigations and criminal proceedings in the Federal Republic of Nigeria (the “Nigerian Proceedings”),” the filing, dated March 25, reads in part.

“The requested discovery will assist Applicants in the Nigerian Proceedings to investigate and prosecute individuals and entities that participated in, and were enriched by, P&ID’s fraudulent scheme,” it added.

In the testimony of the subpoena filing addressed to Citibank, for instance, the applicant sought the intervention of the bank or any of its officers to testify in the case.

Diezani Allison-Madueke
Former Petroleum Minister, Diezani Alison-Madueke

Among the politically-exposed persons named in the subpoena are a former oil minister who is now late, Rilwanu Lukman; Mr Jonathan and his wife, Patience Faka Jonathan; Diezani Alison-Madueke, a former petroleum minister during the tenure of Mr Jonathan; and Allison Amaechina Madueke.

Others named in the subpoena are Taofiq Tijani; Grace Taiga; Mohammad Kuchazi; one Michael Quinn, who died in 2014; James Nolan; Adam Quinn; and Ibrahim Dikko.

Also listed is Nigeria’s former attorney general and minister of justice, Mohammed Bello Adoke.

Mohammed Adoke
Mohammed Adoke

In its report last month, Bloomberg quoted a spokesman for P&ID as denying wrongdoing, arguing that Mr Malami has “manufactured a claim of fraud and bribery” to evade the state’s legal obligation to pay what amounts to about 30% of the country’s foreign reserves. Citigroup and Deutsche Bank declined to comment on the case, while JPMorgan and UBA didn’t respond to emails and calls.

In his reaction to the development, Mr Jonathan said that he has no account or property abroad.

“He has no accounts in the United States of America, and encourages US authorities to cooperate fully with the Federal Government of Nigeria’s subpoena,” a statement, signed by Ikechukwu Eze, spokesman to Mr Jonathan, said.

Breaking

JUST IN: Edo state Assembly impeaches Deputy Governor Shaibu

Published

on

By

The Edo State House of Assembly, on Monday, impeached the state’s Deputy governor, Comrade Philip Shaibu.

The impeachment followed the adoption of the report of the seven-man investigative panel set up by the Assembly to probe allegations of misconduct against Shaibu.

Continue Reading

Breaking

JUST IN: Olubadan of Ibadanland, Oba Lekan Balogun joins ancestors at 81

Published

on

By

The Olubadan of Ibadanland, Oba Lekan Balogun has joined his ancestors after a brief illness.

He joined his ancestors at the age of 81.

It was gathered that the late monarch was taken to the hospital Wednesday morning having stayed indoor throughout Tuesday on account of slight malaria fever, though, he was hail and hearty on Monday during which he personally received few guests that paid him congratulatory visits on his second year anniversary on that day.

Making this announcement was the Baba-Kekere Olubadan and his younger brother, Dr Kola Balogun in a statement by the Personal Assistant (Media) to the late monarch, Oladele Ogunsola.

According to the statement, Dr. Balogun disclosed that Oba Balogun would be buried at his Aliiwo ancestral home by 4.00pm on Friday according to Islamic rites just as he said that the State Governor Seyi Makinde, though already verbally informed, would be formally notified early in the morning.

The late Olubadan was the first most educated to have emerged as Ibadan monarch, a British trained P.hd holder, a former university lecturer, former member of management staff of Shell British Petroleum, former gubernatorial candidate of the defunct Nigeria People’s Party, NPP, former Senator and a successful business man.

His last official outing was the Olubadan Advisory Council’s meeting which he presided over last Saturday where the decision to derobed Mogaji Akinsola, Olawale Oladoja was taken.

He however, on Tuesday instructed the Ekerin Olubadan, Oba Hamidu Ajibade to midwife a small committee to deliberate on last Friday’s decision on what should be the position of Ibadan Zone in the proposed newly reconstituted Oyo State Council of Obas and Chiefs.

The decision of the small committee was earlier on Thursday ratified by the Olubadan Advisory Council at a meeting presided over by Otun Olubadan and the former governor of Oyo State, High Chief Rashidi Ladoja and was to be taken to the late Oba Balogun for his signature Friday morning so as to meet the deadline for submission to the state Commissioner for Local Government and Chieftaincy Matters later in the day.

The late Olubadan is survived by wives, children and grandchildren.

Announcing the passage of the monarch, Governor Makinde, in a statement, stated that Olubadan, who joined his ancestors late Thursday evening at the University College Hospital, UCH, Ibadan, described him as an epitome of royal excellence and a great achiever, who made great marks on Ibadanland in just a little over two years of his reign.

He expressed his condolences to the Olubadan-in-Council, the Oyo State Traditional Council and the people of Ibadanland and Oyo State, praying to God to grant repose to the soul of the deceased monarch.

Makinde said: “With total submission to the will of God, I announce the passing unto glory of our father, His Imperial Majesty, Oba Dr. Mohood Lekan Balogun, Alli Okunmade II, the 42nd Olubadan of Ibadanland.

“A mighty Iroko has fallen; Oba Dr. Balogun has joined the ancestors.

“In Kabiyesi, Ibadanland had a cosmopolitan and well-experienced Olubadan, who made indelible marks on the sands of history and achieved greatly within a short while.

“On behalf of the Government and good People of Oyo State, I condole with the immediate family of the Oba Dr. Balogun, the Olubadan-in-Council, the Oyo State Traditional Council and the people of Ibadanland.

“It is my prayer that God grants repose to the soul of our late monarch.”

Continue Reading

Breaking

JUST IN: Labour Party National Chairman, Abure arrested for attempted murder in Edo (Video)

Published

on

By

Operatives of the Edo State Police Command have arrested the National Chairman of the Labour Party (LP), Julius Abure.

Abure was arrested on Wednesday in Benin City, the Edo State capital, on allegations of premeditated attempted murder, amongst other alleged infractions.

The Labour Party chairman’s arrest followed a petition by the LP Youth Leader, Comrade Eragbe Anselm Aphimia.

The petition, addressed to the Commissioner of Police, Edo State Command, dated February 13, partly reads, “I, Comrade Eragbe Anselm, write to you with utmost urgency and grave concern regarding a heinous act of violence perpetrated against me on the 29th of December 2023.

“I am a member and National Youth Leader of the Labour Party (LP) in Nigeria, and the events I am about to recount are of utmost importance for justice and the safety of individuals involved in political activities.

“On December 28, 2023, I flew into Benin City Airport around 2 p.m. as part of an official 5-member delegation authorised by the Acting National Chairman of the Labour Party, Alhaji Lamidi Basiru Apapa.

“Our mission was to organise Ward, LGA, and State Congresses in Edo State, as well as supervise the sale of nomination forms for various posts, as mandated by INEC guidelines, within the stipulated time frames.

“On arrival at the Benin Airport, I was received by one Mrs Mary Okheime Newberry, who falsely claimed to be providing transportation and accommodation on behalf of unnamed “stakeholders.”

“She proceeded to lodge us at the Smart Homes Hotel, unknown to us that she was plotting a sinister and gruesome ambush. The next morning, a man named Austin Emeka came to pick me and my colleague, Mr Patrick Anethua, up from the hotel lobby, pretending to take us to a meeting venue.

“Instead, we were violently attacked just outside the hotel gates by a waiting mob.”

Continue Reading

Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

Most Read...