Bureau de change operators and other suspects allegedly involved in the laundering of €150m have told the Economic and Financial Crimes Commission how Atiku Abubakar’s lawyer, Uyiekpen Osagie-Giwa, an
d the ex-Vice-President’s son-in-law, Abdullahi Babalele, used an offshore firm, Intels West Africa, and shell companies to launder millions of dollars.
According to reports, the team thereafter made contacts with major BDC companies and got information that $1.6m brought from Abuja had been given to a popular bureau de change operator on Lagos Island identified as Lawal Abdullahi of Three Brothers BDC for the purpose of converting same to naira. The preliminary report of the investigation dated March 1, read, “On February 1, Abdullahi Munaciki received a transfer of $500,000 in his GTB dollar account named, Clean & Integrity Services Ltd., account number, 325/391103/2/1/0. The transfer came from Giwa-Osagie.
The report also said the anti-graft body’s investigations into Guernsey Trust’s transactions showed that the company received two inflows of €13.050m on January 9 and €13m on January 28, 2019, totalling €26.050m from Intels West Africa Limited into its Keystone Bank’s euro account number 1002523061. The suspects were also said to have told investigators that Guernsey Trust paid $750,000 to Bluebeam Capital Ltd. on January 18. The money was subsequently transferred to BLK Prestige Investment account in UBA, Zambia, while the naira equivalent was paid into the account of Andrew Pitchford Ltd by Spring Creek Ltd. on behalf of Bluebeam Capital Ltd. Babalele was said to be the signatory to Pitchford’s bank account.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EFCC investigates Atiku’s son-inlaw over money-laundering allegationThe Economic and Financial Crimes Commission ( EFCC ) said it had begun investigation of alleged money-laundering by the Finance Director of Atiku ...
Read more »
South-West PDP to Atiku: Go to court now – Daily TrustThe South-West chapter of the Peoples Democratic Party (PDP) yesterday asked the party’s leadership to immediately commence the process of challenging the results of last Saturday’s presidential election declared by the Independent National Electoral Commission (INEC). The National Vice-Chairman (Southwest), Dr. Eddy Olafeso declared that the party’s candidate, Alhaji Atiku Abubakar, won the election.ADVERTISEMENT Addressing …
Read more »
Go to court now, South-West PDP tells Atiku – Daily TrustThe National Vice-Chairman (Southwest), Dr. Eddy Olafeso declared that the party's candidate, Alhaji Atiku Abubakar won the election.
Read more »
South -West PDP Backs Atiku On Legal RedressThe South West zone of the Peoples Democratic Party, (PDP), at the weekend gave its backing to the decision of the party’s presidential candidate in the February 23 presidential and National Assembly elections, Alhaji Atiku Abubakar, to challenge the result of the election in court. Making the position of the South West PDP known at […]
Read more »
Election results: Why Atiku must go to court — South West PDP – Daily TrustThe South West Zone of the Peoples Democratic Party (PDP) on Friday said it was fully in support of the party’s presidential candidate in the Feb. 23 elections, Alhaji Atiku Abubakar, on his decision to challenge the polls result in court. The National Vice Chairman of the party (South West), Dr Eddy Olafeso, gave the …
Read more »
UPDATED: EFCC arrests Atiku's son in-law – Daily TrustThe Economic and Financial Crimes Commission, EFCC, on Saturday arrested Alhaji Babalele Abdullahi, the son in-law of the presidential candidate of the Peoples Democratic Party, Atiku Abubakar. Babalele, who is also finance director of Atiku’s group of companies was arrested at his Maitama residence.ADVERTISEMENT It was gathered that the EFCC agents numbering about two dozen came in …
Read more »
BREAKING: EFCC arrests Atiku's son in-law – Daily TrustThe Economic and Financial Crimes Commission, EFCC, on Saturday arrested Alhaji Babalele Abdullahi, the son in-law of the presidential candidate of the Peoples Democratic Party, Atiku Abubakar. Babalele, who is also finance director of Atiku’s group of companies was arrested at his Maitama residence.ADVERTISEMENT It was gathered that the EFCC agents numbering about two dozen came in …
Read more »
Presidential Poll: Atiku Shuns Entreaties, Goes To CourtThe presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar and his party have made good their threat to challenge at the tribunal, the victory of President Muhammadu Buhari and the All Progressives Congress (APC) at the February 23 election. Atiku’s resort to a legal battle over the outcome of the poll came […]
Read more »
Atiku is destined never to be President of Nigeria – Oshiomhole – Daily TrustThe National Chairman of the ruling All Progressives Congress (APC), Comrade Adams Oshiomhole, on Thursday said the Peoples Democratic Party (PDP) presidential candidate, Alh. Atiku Abubakar was never destined to be the President of Nigeria. Oshiomhole, who reacted to Atiku’s press conference on the outcome of last Saturday’s presidential election, said his submission was obvious …
Read more »
We’re not jittery by Atiku’s rejection, legal threat – Presidency – Daily TrustThe presidency yesterday said it was not jittery by the presidential candidate of the PDP, Atiku Abubakar’s rejection of the last Saturday’s presidential election. President Muhammadu Buhari was declared the winner of the presidential poll by the Independent National Electoral Commission (INEC), after polling 15,191,847, against Atiku’s 11,262,978 votesADVERTISEMENT Atiku rejected the poll, describing the …
Read more »