Connect with us

News

Why Atiku avoided America for 13 years

Published

on

For  more than 13 years, Alhaji Atiku Abubakar, former Vice President of Nigeria and now presidential candidate of the Peoples Democratic Party, kept away from the United States.

Once, the US even turned down his request for a visa.

But on Thursday, he landed in Washington DC for talks with some American officials on his campaign in Nigeria. His visit, said to have been facilitated by his former boss, President Olusegun Obasanjo and other lobbyists, threw up questions as to why he had avoided America in the first place.

What is known is that nine  years ago, there was a US Senate Committee report detailing money laundering activities against him, including being a recipient of a bribe by Siemens.

The Committee known as the Senate Permanent Subcommittee on Investigations was chaired by Senator Carl Levin.

The probe was motivated by US government concern about corruption in the Third World and its corrosive effects on the  development of honest government, democratic principles, and the rule of law.

“It is also blamed for distorting markets, deterring investment, deepening poverty, undermining international aid efforts, and fostering crime. Some have drawn connections between corruption, failed states, and terrorism. Corruption also continues to be a massive problem. The World Bank has estimated that $1 trillion in bribes alone exchange hands worldwide each year,” the committee noted in its bulky report.

Abubakar was not the only foreign Politically Exposed Person(PEP) probed by the committee. He had company in Teodoro Nguema Obiang Mangue, now the 48-year-old son of Teodoro Nguema Obiang Mbasogo, the President of Equatorial Guinea (EG), late President of Gabon, Omar Bongo and three Angolan PEP accounts, involving an Angolan arms dealer, an Angolan government official, and a small Angolan private bank.

The committee submitted its report on 4 February 2010, three years after Abubakar left office as Nigeria’s vice president.

The report  unveiled violations of US laws by Abubakar and his fourth wife, Jennifer Douglas. It also  included revelations about Siemens bribe paid into one of the accounts, and it possibly  provided the basis for Abubakar being barred from entering the United States, since then.

This  Report examines how politically powerful foreign officials, their relatives, and close associates – referred to in international agreements as Politically Exposed Persons (PEPs) – have used the services of U.S. professionals and financial institutions to bring large amounts of suspect funds into the United States to advance their interests. Using four case histories, this Report shows how some PEPs have used U.S. lawyers, real estate and escrow agents, lobbyists, bankers, and even university officials, to circumvent U.S. anti-money laundering and anti- corruption safeguards. This Report also offers recommendations to stop the abuses.

Here is a summary of the report: 

Abubakar Case History.

From 2000 to 2008, Jennifer Douglas, a U.S. citizen and the fourth wife of Atiku Abubakar, former Vice President and former candidate for President of Nigeria, helped her husband bring over $40 million in suspect funds into the United States through wire transfers sent by offshore corporations to U.S. bank accounts.

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.

While Ms. Douglas denies wrongdoing, Siemens has already 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.

In 2007, Mr. Abubakar was the subject of corruption allegations in Nigeria related to the Petroleum Technology Development Fund.

Of the $40 million in suspect funds, $25 million was 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.

The U.S. banks maintaining those accounts were, at times, unaware of her PEP 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.

Executive Summary

Combating corruption is a key U.S. value and goal, due to its corrosive effects on the rule of law, economic development, and democratic principles. In 2001, the Patriot Act made the acceptance of foreign corruption proceeds a U.S. money laundering offence for the first time, and required banks to apply enhanced scrutiny to private banking accounts opened for senior foreign political figures, their relatives, and close associates. In 2003, the United States supported the United Nations Convention Against Corruption, now ratified by over 140 countries. Also in 2003, U.S. Immigration and Customs Enforcement (ICE) formed an investigative group dedicated to combating foreign corruption by PEPs. In 2004, President Bush issued Presidential Proclamation 7750 denying U.S. visas to foreign officials involved with corruption, and Congress later enacted supporting legislation. A 2009 study sponsored by the World Bank analyzed PEP controls worldwide and recommended stronger measures to reduce corruption.

The Permanent Subcommittee on Investigations (Subcommittee) initiated this investigation to learn how U.S. laws apply to PEPs utilizing the domestic financial system, and examine how foreign senior political figures, their relatives, and close associates may be circumventing or undermining anti-money laundering (AML) and PEP controls to bring funds that may be the product of foreign corruption into the United States. It is the latest in a series of Subcommittee hearings examining foreign corruption and its U.S. aiders and abettors.

During the course of its investigation, the Subcommittee staff conducted over 100 interviews, including interviews of lawyers, real estate agents, escrow agents, lobbyists, bankers, university professionals, and government officials. The Subcommittee issued over 50 subpoenas and reviewed millions of pages of documents, including bank records, correspondence, contracts, emails, property records, flight records, news articles, and court pleadings. In addition, the Subcommittee consulted with foreign officials, international organisations, financial regulators, and experts in anti-money laundering and anti-corruption efforts.

In addition, there was the case of Congressman William Jefferson who was jailed for accepting a bribe from a would-be Nigerian investor, Lori Mody, who was wearing a wire.

Jefferson told the investor that he would need to give then Nigerian Vice President Atiku Abubakar $500,000 “as a motivating factor” to make sure the company obtained contracts for iGate and Mody’s company in Nigeria.

The case put Atiku in bad spotlight, with his mansion in Potomac, Maryland searched by the FBI in 2005. But there was nothing incriminating found in the house.

About 12 years after the raid, Atiku sold the property.

 

News

NITDA, SECDOJO, SIGN MOU TO STRENGTHEN NIGERIA’S CYBER RESILIENCE

Published

on

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

In its continued effort toward the implementation of the present administration’s agenda of strengthening national security by committing to robust cybersecurity measures and digital trust to safeguard the nation’s digital infrastructure as well as contribute to the overall peace and prosperity of the nation, the National Information Technology Development Agency (NITDA), has signed a Memorandum of Understanding with SecDojo, SAS, a Cybersecurity training and upskilling company with headquarters in France, to strengthen national resilience against cyber threats through targeted capacity building initiatives.

The Director General of NITDA, Kashifu Inuwa CCIE, and Chief Executive Officer of SecDojo, Mr. Younes Benzagmout at the signing ceremony, which took place during GITEX Africa 2025 in Marrakech, Morocco.

August24news.com Editor gathered that the signing ceremony took place during GITEX Africa 2025 event in Marrakech, Morocco, with the Director General of NITDA, Kashifu Inuwa CCIE, and Chief Executive Officer of SecDojo, Mr. Younes Benzagmout, representing both organisations.

This strategic partnership is designed to bolster Nigeria’s cybersecurity landscape through comprehensive capacity-building initiatives.

The collaboration will focus on the establishment of a Cybersecurity Academy, delivery of advanced training and simulation programmes, development of customised curricula and educational resources, and facilitation of research, knowledge sharing, and professional exchange programmes.

Speaking at the signing ceremony, Inuwa expressed his enthusiasm about the collaboration, describing it as a key milestone in Nigeria’s journey toward a secure digital future.“We just signed an MOU with SecDojo, which is a cybersecurity capacity-building provider, and this is one of our efforts to strengthen our national cybersecurity to enhance our cyber resilience,” he noted.

He asserted that as Nigeria continues its digital transformation journey, investing in human capital is paramount, describing people as the technology component of any innovation ecosystem.

inuwa also noted the growing global demand for cybersecurity professionals and emphasised Nigeria’s potential to fill the talent gap, given its large and youthful population.“Globally, we have the gap, and in Nigeria, we have a young population that if we harness, well, we can train them and connect them with the global value chain to provide cybersecurity services and also to fill some roles and gaps in the global cybersecurity market,” he averred.

While pushing for digital skills integration into Nigeria’s formal education system, the DG called for deeper collaboration between technology stakeholders and the Federal Ministry of Education to embed digital literacy and cybersecurity training into Nigeria’s formal education system.

He stated that, there is an urgent need to shift from short-term skills acceleration programmes to long-term, systemic integration of digital skills into academic curricula at all levels, from primary to tertiary education.

“For me, this goes beyond NITDA. I see a national opportunity, one that involves the Ministry of Education, to institutionalise digital literacy through formal education,” he said. “Currently, what NITDA offers are skills acceleration programmes because these critical digital competencies are not taught in schools.

But to prepare for the future, we must embed these skills into our national education framework,” he added.

Highlighting successful models such as Cisco’s academic integration, which allows students in over 100 Nigerian universities to earn both degrees and professional certifications simultaneously, he stressed the benefits of a dual-track learning system that equips graduates for immediate relevance in the digital economy.

He noted that while Cisco has led the way, the ecosystem must be open to multiple partners, especially those aligned with Nigeria’s National Digital Literacy Framework, and encouraged tech firms and content providers to collaborate, offering open-source or customized content that can be adopted nationally.

“We don’t want to limit this to a single vendor. The opportunity is open to all.

Google has shown interest, and we welcome more partners. There are committees already working with the Ministry, and we’d love to see more stakeholders at the table,” he concluded.

In his remark, Mr Benzagmout, expressed his enthusiasm for the collaboration and reaffirmed the company’s commitment to working closely with Nigerian stakeholders.

He noted that the collaboration aims to bring SecDojo’s innovative training platforms and methodologies to support Nigeria’s cybersecurity professionals while contributing to the development and execution of a comprehensive national cyber capacity-building strategy.

“We sincerely thank NITDA for their trust and partnership and we are excited to begin this journey and look forward to building a successful and impactful collaboration,” he assured.

Continue Reading

News

Transcorp Hilton Announces Great Offerings For Coming Easter Holidays

Published

on

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Transcorp Hilton Abuja Announces Great Family Offerings This EasterAs families across Nigeria prepare for the Easter holidays, Transcorp Hilton Abuja is positioning itself as the premier destination for a memorable and stress-free getaway.

With spacious accommodations, a delectable Easter Sunday Brunch, engaging activities for all ages, and a commitment to safety and convenience, the iconic hotel is ready to welcome families seeking quality time together in the Federal Capital Territory.

For families traveling with children or extended relatives, Transcorp Hilton Abuja offers a diverse range of thoughtfully designed rooms and suites.

These expansive accommodations provide ample space for relaxation and connection, ensuring a comfortable stay where families can truly unwind and enjoy each other’s company without feeling confined.

Each room is equipped with modern amenities to cater to every need.

A highlight of the Easter celebration at Transcorp Hilton Abuja is the highly anticipated Easter Sunday Brunch at the hotel’s Bukka Restaurant.

Renowned for its authentic local flavours and international cuisine, Bukka will present a special Easter spread featuring traditional delicacies alongside a tempting array of classic and creatively themed Easter desserts.

This promises to be a delightful culinary experience for the whole family to share.Beyond comfortable lodging and exceptional dining, Transcorp Hilton Abuja is dedicated to creating fun and engaging moments for guests of all ages.

The hotel will feature a lively DJ-led poolside experience, allowing adults to relax and soak in the festive atmosphere. Younger guests will be thrilled with the hotel’s well-equipped playground, providing a safe and exciting space to expend energy while parents can relax nearby.

This balanced approach ensures a fulfilling experience for every family member.

Recognizing the paramount importance of safety for traveling families, Transcorp Hilton Abuja maintains a secure environment with professional and attentive staff. From the hotel premises to guest interactions, every aspect is designed to provide parents with peace of mind, allowing them to fully relax and enjoy their time together.

To further ease the complexities of family travel, Transcorp Hilton Abuja collaborates with reputable third-party ticketing and logistics operators.

Guests can conveniently arrange transportation, book local excursions, and plan their Abuja adventures directly through the hotel’s trusted partners, eliminating the stress of independent planning.

The ambiance at Transcorp Hilton Abuja is described as a harmonious blend of luxurious comfort and warm, welcoming hospitality. Guests can unwind by the inviting pool, explore the hotel’s serene gardens, and enjoy the attentive service of the dedicated staff.

The overall atmosphere encourages relaxation and the creation of cherished family moments.More than just a place to stay, Transcorp Hilton Abuja aims to be the backdrop for unforgettable family experiences this Easter.

With its comprehensive offerings and commitment to guest satisfaction, the hotel invites families to create lasting memories in a comfortable, fun, and secure environment.

Continue Reading

News

Technology, Neutral Tool for Socio-Economic Development-DG NITDA

Published

on

Technology, Neutral Tool for Socio-Economic Development-DG NITDA


AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa CCIE, has emphasised the significance of perceiving technology as a neutral instrument that can accelerate Nigeria’s socio-economic advancement.


Speaking during a virtual panel session titled “Culture and Innovation: The Changing Landscape and Technoculture,” Inuwa outlined the importance of leveraging technology to balance cultural preservation with economic growth.


The event, organised by the Federal Ministry of Arts, Culture, and the Creative Economy in partnership with the Nigerian Economic Summit Group (NESG) and UNESCO, provided a platform for stakeholders to explore the dynamic role of technology in shaping cultural and economic transformations.


Inuwa who was represented by the Acting Director, Regulation and Compliance, Barrister Emmanuel Edet, stressed that technology is inherently neutral—it is neither beneficial nor harmful in isolation but depends on the intent and strategy behind its usage.


He advocated for implementing robust policies and fostering collaborations to ensure technological innovations align with Nigeria’s cultural heritage and developmental goals.


As global cultures and economies are increasingly influenced by digital innovation, Inuwa pointed to creative tools such as Figma, Canva, and CorelDRAW, which incorporate Artificial Intelligence (AI) to enhance user experiences.

He underlined the need to equip Nigerians with digital skills to utilise these tools effectively for economic progress.


He said, “To this end, NITDA has established digital learning centers nationwide, providing education in Emerging Technologies.

The National Center for Artificial Intelligence and Robotics (NCAIR) is also playing a pivotal role by offering training programs and creating tech hubs aimed at improving productivity and skill acquisition.”


Additionally, Inuwa unveiled Nigeria’s National Artificial Intelligence Strategy, a framework designed to position the nation as a frontrunner in AI adoption.

This strategy focuses on intellectual property rights and prioritises efficiency and transformation across critical sectors, especially through its emphasis on social inclusion and development.


According to him, NITDA’s commitment to digital security and intellectual property protection has also resulted in the launch of a National Blockchain Policy.

This initiative supports creative industries by enabling artists, musicians, and filmmakers to tokenise their works, ensuring proof of ownership and curbing copyright violations.


“Technology is a tool—it all depends on how we use it,” Inuwa remarked. “Our objective is to create an environment that allows technology to contribute to Nigeria’s economic and creative development.”


In his remarks, the Director overseeing the Office of the Permanent Secretary at the Ministry of Arts, Culture, and the Creative Economy Mr. Ibrahim Suleiman described the event as a timely opportunity for stakeholders to chart a course for Nigeria’s future progress.


With participation from government officials, industry experts, and thought leaders, the discussions centered on tackling challenges and identifying opportunities within the arts, culture, and creative economy sectors.


Among the key sub-themes that formed basis for the discussion included leveraging technological advancements, fostering innovation, and formulating policies to boost Nigeria’s global competitiveness.


As technology continues to redefine the creative landscape, the summit underscored the role of digital tools, Artificial intelligence, and Blockchain in preserving cultural heritage, driving economic empowerment, and creating jobs.


It is anticipated that actionable outcomes from this event will help shape the future of Nigeria’s creative and cultural industries, solidifying their role as essential contributors to national development.

Continue Reading

Trending

Copyright © 2021 All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from August24news.com
This Website is designed and Managed by: August 24 Communications Nigerian Limited (RC: 798585)