How Tinubu’s Ministerial Nominee, Former Governor Bagudu Amassed, Laundered Shady Billions Of Dollars For Late Dictator, Sani Abacha | Sahara Reporters

How Tinubu’s Ministerial Nominee, Former Governor Bagudu Amassed, Laundered Shady Billions Of Dollars For Late Dictator, Sani AbachaThis second batch of ministerial nominees was submitted to the Senate on Wednesday following the initial list of 28 nominees that Femi Gbajabiamila, Chief of Staff to the President presented last week.

He has over the years been in the news over plans by the United States to help Nigeria repatriate millions of dollars from the British Island of Jersey.Shortly after the agreement was signed in the US, Bloomberg wire service reported that officials of the US department of justice were kicking against plans by the Nigerian government to return $100 million to Bagudu from the Abacha Loot.

His offshore network system relied on a sprawling global industry of bankers, and investment portfolio managers and go-betweens who worked together to protect his stolen wealth. “Bagudu eventually reached a settlement, agreeing to return $160 million of stolen money in exchange for deportation to Nigeria to face trial. Despite the considerable evidence from legal authorities in the U.S., Jersey, and Switzerland, Bagudu was never questioned after returning to Nigeria. In 2014, the U.S. Department of Justice announced the repatriation of $480 million stolen by Sani Abacha and his co-conspirators.

“Bagudu was one of the Nigerians unveiled by the 2021 Pandora Papers as hiding dirty money in offshore shell companies.”SaharaReporters had reported that the money was part of the Abacha loot to be repatriated. Other documents also revealed that the former President Muhammadu Buhari administration was then vigorously challenging a move by the United States government to further question Ibrahim Bagudu, his elder brother in relation to the laundered fund.

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