An investigation into the secret businesses of Abubakar Bagudu, the current governor of Kebbi State, has revealed how he dispatched a delegation to Singapore in search of a new haven to shelter his controversial wealth, which is a target of ongoing forfeiture proceedings by the United States Department of Justice.
Bagudu’s delegation on February 23, 2010 – comprising his brother, Ibrahim Bagudu, and London lawyer, Ben Davies, from Byrne and Partners, now a part of PCB Byrne – met with Asiaciti’s officials and registered his preference for a new structure of secrecy to oil the flow of his dirty wealth for the benefits of himself and his family.
In the months that followed, 99million euros in cash and securities was then transferred from Ridley to a new structure enabled by Asiaciti, which brushed aside red flags about Mr Bagudu’s controversial background and source of his wealth. Asiaciti acted with advice from Farrer and Co. and Byrne and Partners, now a part of PCB Byrne, documents showed.
“The beneficiaries of each of the family trusts and the corresponding investments domiciled in London were Mr Bagudu, his wife, seven children, and his brother, Ibrahim. In September 2010, according to minutes of some meetings we reviewed, a sum of 99 million euros was moved from Ridley through the Blue PTC in Singapore to the investment accounts in London and distributed as follows: Blue Holdings : Waverton – seven million euros; James Hambro – 10,007,016 euros.
Dirty Billions 😂😂😂
Nigeria is a country ruled by all kind of criminals like armed robbers, kidnappers, bandits, terrorists. What I mean is that starting from the president to the last, they are all one of the aforementioned.
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