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Why Atiku avoided America for 13 years

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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.

 

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VETERAN BANKER, JIM OVIA, APPOINTED CHAIRMAN OF NIGERIAN EDUCATION LOAN FUND BY PRESIDENT TINUBU

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H


President Bola Tinubu has approved the appointment of the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). This was announced in a State House Press Release by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale on April 26, 2024.


According to the statement, ‘‘the President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds and of ensuring that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.’’


Jim Ovia, CFR, is the Founder and Chairman of Zenith Bank Plc, one of Africa’s largest banks with over $21.4 billion in assets and shareholders’ funds of over US$2.4 billion as at December 2023.

Zenith Bank is a global brand listed on the London Stock Exchange and the Nigerian Stock Exchange.

In addition to major operations in Nigeria and other West African countries, the Bank has sizeable operations in London and Dubai.


Jim Ovia is the Founder and Chancellor of James Hope University, Lekki, Lagos which was recently approved by the National Universities Commission (NUC) to offer postgraduate degrees in business courses.

James Hope University commenced activities in September 2023.


Through his philanthropy – the Jim Ovia Foundation – he has shown the importance he accords good education.

In support of the Nigerian youth, Jim Ovia Foundation offers scholarships to indigent students through the Mankind United to Support Total Education (MUSTE) initiative. Most of the beneficiaries of Jim Ovia Foundation scholarship are now accountants, business administrators, lawyers, engineers, doctors etc.
He is the author of “Africa Rise and Shine”, published by ForbesBooks.

The book which encapsulates Zenith Bank’s meteoric rise, details the secrets of success in doing business in Africa.

He is an alumnus of the Harvard Business School (OPM), University of Louisiana (MBA), and Southern University, Louisiana, (B.Sc. Business Administration). Jim Ovia is a member of the World Economic Forum (WEF) Community of Chairpersons, and a champion of the Forum’s EDISON Alliance.


In recognition of Jim Ovia’s contributions to the economic development of Nigeria, in 2022, the Federal Government of Nigeria honoured him with Commander of the Federal Republic, CFR. Also, in May 2022, Jim Ovia was conferred with the National Productivity Order of Merit (NPOM) Award by the Federal Government of Nigeria.

Earlier, he has been conferred with the national awards of Member of the Order of the Federal Republic, MFR, and Commander of the Order of the Niger, CON, in 2000 and 2011, respectively, as a testament to his visionary leadership and contributions to Nigeria’s financial services sector.


The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.

The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.

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PRESASS 2024 Ends In Abuja As Aviation Minister Keyamo Tasks Participants On Downscaling Climate Information

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, has tasked participants at the Regional Forum Workshop on Seasonal Forecasts of Agro-hydro-climatic characteristics of the rainy season for the Sudanian and Sahelian zones of West Africa and the Sahel (PRESASS), to downscale outcome of the workshop to their local communities.

Left to Right: Director General of Nigeria Hydrological Services Agency (NIHSA), Engr. Clement Nze, Representative of AGRHYMET DG, Dr. Abdou Ali, Director General/Chief Executive Officer of the Nigerian Meteorological Agency (NiMet), Professor Charles Anosike, Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, Dr. Rowland Abah, Representative WMO Rep. For North, Central and West African Regions, and ECOWAS Commission Representative,
Gbenga Erin, at the closing session of 2024 Regional Forum Workshop on Seasonal Forecasts of Agro-hydro-climatic characteristics of the rainy season for the Sudanian and Sahelian zones of West Africa and the Sahel (PRESASS), in Abuja on Friday, 26th April, 2024.

Mr Keyamo who spoke in Abuja during the closing ceremony of the workshop on Friday, 26th April 2024, said;
“The outcome of the Regional Climate Outlook Forum for West Africa and the Sahel is a great planning tool for governments and policymakers across the region. We are very aware of the great challenge of the 21st Century, climate change, extreme weather events and food security to mention a few. To combat these challenges, it has become imperative that weather and climate information are not only accurate but also produced and disseminated early. Thus, the need for Early Warnings. It is based on this that the Nigerian Government deemed it fit to provide all the necessary support through the Nigerian Meteorological Agency (NiMet), the Nigerian Hydrological Services Agency (NIHSA) and AGRHYMET Regional Centre to host this year’s forum here in Abuja”.

Continuing, Mr Keyamo said;
“The Government of the Federal Republic of Nigeria has taken seriously the issuance of Early Warnings for its citizenry to de-risk sectoral activities and avert losses. Earlier in the year, the Government through NiMet had a public presentation of the Seasonal Climate Prediction (SCP), an early warning tool that highlights vital Weather and Climate information that may affect socio-economic activities in air, land, and water transportation, agriculture, water resources, disaster management and mitigation, health, tourism, sports, power & energy etc. A similar event was recently held by NIHSA where the Annual Flood Outlook was released to Nigerians”.

“As we settle down to listen and discuss the details of the forecast produced for West Africa and the Sahel Region for the 2024 rainy season, my message is that as we return home to our various countries with the informationand forecast from this year’s forum, we should ensure that these products don’t end up inside the shiny offices in our capital cities. The real work of downscaling them to our local and rural communities just started. This is the only way the United Nations’ target of Early Warning for All (EW4ALL) by 2027 can be met”, Mr Keyamo concluded.

In his own remarks, the Director General/Chief Executive Officer of the Nigerian Meteorological Agency (NiMet), Professor Charles Anosike, commended AGRHYMET and ACMAD for sustaining the Regional Climate Outlook since 1998. He congratulated them and the local organising committee for putting together a successful forum.

Mr Rowland Abah who represented the World Meteorological Organisation (WMO) Representative for North, Central and West Africa, said; “The output of this workshop provides additional Early Warning information for the countries in West Africa and the Sahel to support localized forecast and effective planning to mitigate climate-related hazards envisaged in 2024”.

Concluding, Mr Abah remarked that; “Climate change poses existential threats, and this is why the United Nations Secretary General has urged all countries to ensure that Early Warning Systems cover all citizens by the year 2027”.

The Director General of Nigeria Hydrological Services Agency (NIHSA), Clement Nze, and other representatives of other related agencies were present at the closing ceremony.

This year’s PRESASS brought together participants from 16 countries from the West African region and lasted from 22nd to 26th April, 2024.

For more on NiMet, visit www.nimet.gov.ng

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World Malaria Day: LAWMA Boss Makes Case for Clean Environment

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The Managing Director/CEO of the Lagos Waste Management Authority (LAWMA), Dr. Muyiwa Gbadegesin, has underscored the importance of maintaining a clean environment, to combat the spread of malaria.

He said this in a statement marking this year’s World Malaria Day, themed: ‘Accelerating the fight against malaria for a more equitable world’.

The World Health Organization (WHO), had noted that approximately 249 million cases of malaria were reported worldwide in 2022, with an estimated 608,000 deaths, occurring mostly in tropical and sub-tropical regions, and remaining a major global challenge.

He said that while malaria was primarily transmitted through the bite of infected mosquitoes, the prevalence and severity of the disease could be significantly reduced through preventive measures, anchored on a clean environment, as one of the most effective strategies.

According to him, “In the fight against malaria, prevention is key. One of the most effective preventive measures is to eliminate mosquito breeding sites by ensuring a clean and hygienic environment. Mosquitoes breed in stagnant water, waste dumps, and other unhygienic areas. By keeping our homes and surroundings clean, we can significantly reduce mosquito population and consequently, the transmission of malaria.”

Gbadegesin urged residents to actively participate in efforts to maintain a clean environment, by shunning indiscriminate refuse disposal, cleaning their surroundings, and patronising assigned PSP operators, adding that individual actions could have a significant impact on public health outcomes.

“Each of us has a responsibility to keep our surroundings clean. By properly disposing of waste, eliminating stagnant water, and adopting good sanitation practices, we can protect ourselves and our communities from the devastating effects of malaria”, he stressed.

The LAWMA boss reaffirmed the authority’s commitment to promoting environmental cleanliness and public health, with effective collection, transportation, and disposal of solid waste across the state, while also implementing educational campaigns to raise awareness about the importance of environmental hygiene.

“As the world marks World Malaria Day, I want to reassure residents of LAWMA’s total commitment to promoting environmental sustainability and public health. Through collaborative efforts between government agencies, communities, and individuals, a cleaner and healthier environment can be achieved, leading to a significant reduction in the burden of malaria and other vector-borne diseases”, he stressed.

For more information about LAWMA’s initiatives and how to support efforts to maintain a clean environment, please visit www.lawma.gov.ng or call our toll-free numbers: 080000LAWMA (08000052962), 07080601020 and 617.

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