Despite attempts by the Muhammadu Buhari administration to deny the transfer of $110 million stolen from Nigeria’s treasury by late military tyrant, Sani Abacha, to Mr Abacha’s most profligate money launderer and current governor of Kebbi State, Abubakar Bagudu, United States court papers obtained by PREMIUM TIMES show that the administration signed two agreements with Mr Bagudu that effectively sealed the transfer of the money to the governor.
One of the agreements, signed on October 26, 2018, was an amendment of a 2003 agreement signed between the Bagudu family and the Nigerian government to settle all of Mr Bagudu’s civil claim against Nigeria and all of Nigeria’s civil claim, administrative, and criminal claims against Mr Bagudu for helping Mr Abacha to launder the funds.
Mr Malami on Friday released a statement that apparently sought to obfuscate the government’s agreement to pay Mr Bagudu $110 million with a different portion of the Abacha loot recently repatriated to Nigeria from the Island of Jersey. Funds held in Blue Holdings trusts are believed to be part of Nigeria’s commonwealth Mr Bagudu laundered for Mr Abacha. The contested funds are different from the $300 million Abacha loot recently repatriated to Nigeria after a tripartite agreement between Nigeria, Jersey and the United States, although it was repatriated from the accounts of one of Mr Bagudu’s money laundering vehicles, Doraville properties domiciled at Deutsche Bank in Jersey.
Nigeria claimed that the judgement exposed Nigeria to the payment of an amount equivalent to any amount as may be forfeited to the United States.The Buhari administration did not appeal the judgement obtained by Mr Bagudu from the UK court. Instead, it quickly devised a plan, using the 2018 agreement, to transfer $110 million to Mr Bagudu and his brother, Ibrahim.
The parties to the 2018 Amended Agreement argued that the payment of the money would satisfy Mr Bagudu’s default judgement against Nigeria for breaching the 2003 Settlement Agreement.
If the thing is not real we thing d bringam
Niger delta! u allow this people bamboozle u Dieziane this Dieziane that Come and see d real thieves Bagudu, Malami, buhari
lakeside_1 Han ha why una bì lìadìs nna? AGF has since denied this
Buhari is not serious, sleeping on the job. I wonder why i even wasted my energy expecting he would be different. He is just a TOTAL waste of space and time. I give up on Nigeria!
Pls, let them give the loot to the assistant looter..there are more important things in Nigeria o. Amotekun, Supreme Court and the 'diocese of Edo' to attend to. We don't need drama...we need these thrillers.
After Buhari will be claiming that he is fighting corruption.
Land for sale
Boohari is the chief looter.
The sum keep increasing daily
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