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Home Government & Politics

How Former Nigerian Minister Lavished $56 Million On a personal Jet

by NigerianCanadianNews
April 12, 2019
in Government & Politics, Latest News
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About $56 million of the $1.09 billion Malabu Oil Block money was used by a former Minister of petroleum Resources to shop for a jet.

The aircraft has been traced to dubai in the United Arab Emirates.

Four anti-corruption organisations have petitioned the Economic and financial Crimes Commission (EFCC) demanding the seizure of the jet.

These disclosures were contained within the petition sent to the EFCC by the four teams.

The petition was signed by the Chairman, Human Resource Development Centre (HEDA), Olanrewaju Suraju; Corner House Director, Nick Hildyard; Re: Common Director, Antonio Tricarico; and Co-founder, international Witness, Simon Taylor

They alleged that the jet was said to be price fifty six million dollars.

In the petition, that was addressed to the Acting Chairman of the Economic and financial Crimes Commission (EFCC), Mr. ibrahim Magu, the anti-corruption groups said the jet was bought with proceeds of corruption regarding the fallacious sale of OPL 245.

They demanded the retrieval and forfeiture of the jet by the federal government through the EFCC.

The four anti-corruption crusaders, that attended the court proceedings in milan, aforementioned their position was strong by “findings from the on-going international corruption case taking place at the Milan, italy Court”.

The petition said: “The investigation is targeted on the sales of OPL245 to Eni and Shell. It additionally involves grievous allegations of corruption joined with many serving and former company managers, not leaving out Nigerian politicians.

“Prosecutors in milan were told by a former Federal Bureau of Investigation (FBI) agent, Debra LaPrevotte and ten. Col. Alessandro Ferri both involved in the investigations of the case, that fifty six million USD of proceeds of corruption was utilized by the previous minister for the acquisition of a personal jet in capital of Oklahoma, USA.

“The specific tail registration number of the aircraft was given as M-MYNA

“What we heard from testimony in the court confirmed the information enclosed in a table produced by the Federal Bureau of Investigation, and already disclosed as a public document in the court case, Crown vs. Malabu Oil and Gas, which was control at Southwark Crown Court in London, UK; namely that proceeds of the OPL 245 deal were used to purchase a Bombardier global 6000 private jet with the registration number M-MYNA”

“This aircraft is listed as registered to Tibit limited (BVI) and registered in the isle of Man. The Federal Bureau of Investigation table notes that the aircraft purchase was made of Insured aircraft Title Services, capital of Oklahoma, US. we tend to note that the company appeared during a 2010 investigation by the us senate homeland security and Government Affairs committee, Permanent Sub-Committee on Investigations, regarding their role in the purchase of aircraft by PEPs.”

They alleged that “the people connected to Tibit Ltd, a BVI company involved in merchandising several Bombardier 6000 jets, have been the subject of a court case with the Australian Tax office.

“The report associated with the Panama Papers has additionally raised questions about the Bombardier sales.”

The anti-corruption organisations urged the government to seize the aircraft.

They said: “The aircraft’s most up-to-date flight, according to public aircraft tracking websites, was from Paris to dubai airfield on the 7th June 2017. The aircraft seems to have remained in dubai since.

“There is, therefore, reason to believe that the jet is still in dubai airfield and could be frozen by competent authorities as attainable proceeds of crime.

“We kindly urge you to verify this data and take acceptable steps, including asset freezing and forfeiture, wherever attainable, beneath the 2018 Mutual Legal help in Criminal Matters between nigeria and United Arab Emirates.”

The OPL245 is an offshore oil block with about 9 billion barrels of crude.

It was auctioned for $1.3 billion (1.1 billion euros).

Although the Nigerian government received solely $210 million as Signature Bonus, about $1.092 billion was traced to a London bank account which was suspected to be slush funds allegedly accustomed to bribe some middle men and politicians within the country.

A former President was accused of benefiting about $200 million from the Malabu oil deal.

About $523million of the $1.092billion paid for the block was divided as bribes to some former ministers and politicians.

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