Friday, 22 June 2012
The Nigerian Government transferred N120billion ($801million) to a company, Malabu Oil and Gas, with a fake address and which has been involved in illegality right from its inception, an ongoing PREMIUM TIMES investigation has shown.
The company subsequently transferred the money to other phony companies with falsified addresses in what the Economic and Financial Crimes Commission described as a “cloudy scene associated with fraudulent dealings.”
PREMIUM TIMES had reported how Mohammed Adoke, the Attorney General of the Federation; and Yerima Ngama, the Minister of State for Finance, on August 16, 201,1 hurriedly and secretly authorised the transfer of the money from a Nigerian government account with JP Morgan International Bank, into Malabu accounts, a day before the resumption of the Finance Minister and former World Bank Managing Director, Ngozi Okonjo-Iweala.
Further investigations by this newspaper has however shown that as at the time the FG was transferring such a huge sum to Malabu, the company was engaged in criminality as it had not only registered using a fictitious character, it also maintains a fake address with the Corporate Affairs Commission (CAC). Continue reading..
Thursday, 14 June 2012
How to behave when accused of corruption in Nigeria | Daily Times Nigeria
Well, enjoyable reading is all that this is, insofar as no positive outcome is ever likely to emanate from it. Not in Nigeria anyway. And that's part of the Nigerian problem, lots of talking and writing, yet very little ever changes, and real change continues to be ever so elusive..