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UK’s National Crime Agency Freezes Alison-Madueke’s London Properties

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Money laundering
  • UK’s National Crime Agency Freezes Alison-Madueke’s London Properties

The UK’s National Crime Agency (NCA) has frozen London properties valued at £10 million allegedly bought for the former Minister of Petroleum Resources Mrs. Diezani Alison-Madueke, as investigations into the case against her unravel by the day.

The two properties located at Regents Park in London, along with one in Buckinghamshire, have now been frozen based on the request of Nigerian authorities.

According to online news medium, Premium Times, a London court gave the freeze order in September 2016 but details of the rulings have only recently become public.

But the agency was too late in preventing a further two properties worth £8 million from being sold.

In July, the U.S. Department of Justice (DoJ) had revealed four properties it alleged were bought for the former petroleum minister by individuals and firms seeking her influence in obtaining lucrative oil assets and crude oil lifting contracts.

Some of the oil assets were assigned to people believed to be her cronies through Strategic Alliance Agreements (SAAs).

The DoJ’s affidavit stated that businessmen, Jide Omokore and Kola Aluko were involved in the purchase of two of the properties allegedly bought for Alison-Madueke.

The UK order obtained by Africa Confidential, a newsletter specialising in politics and business in Africa, has revealed that three of the properties have been frozen under the Proceeds of Crime Act.

Apart from Alison-Madueke, Omokore and Aluko, the order also named three other individuals as defendants in the case, all of whom were believed to have received contracts or oil assets from the NNPC during the embattled minister’s tenure.

The order forbids the defendants from disposing of or dealing in the properties.

Although the NCA has frozen three properties valued at £10 million, the agency was too late to prevent a further two properties worth £8 million from being sold.

One of these, a massive nine-bedroom house in London’s exclusive Hampstead Garden Suburb, bought by a British Virgin Islands-registered company in January 2011 for £5,850,000, was sold in May 2015.

Similarly, the property at 39 Chester Close, one of the properties listed in the DoJ case, which was bought by Aluko’s BVI-based Mortlake Investments for £1.73 million, was sold in July 2015, months before the NCA initially arrested the former minister.

UK estate agent, Daniel Ford & Co, assisted in the purchases of three of the properties, and UK solicitors firms, Addie & Co and Gordon’s Partnership, were conveyancers of the deals.

According to Corruption Watch, a UK NGO, investigators should look carefully at these organisations’ due diligence practices.

The order signals a step up in the UK’s investigation of the former minister, who was first arrested by the NCA in October 2015 when the agency confiscated her passport and £27,000 in cash found in her apartment.

However, the extent of the evidence against Alison-Madueke and the other defendants remains unclear.

The September 2016 forfeiture proceeding of the properties was held in private, meaning that the evidence that the NCA presented to support the seizure was not accessible.

Although some of the businessmen all had lucrative contracts with the NNPC, and are all accused of lavish spending for Alison-Madueke, this alone might not be enough to secure criminal prosecutions against any of them, analysts have said.

“In the U.S. and UK, simply buying luxury items for a government official like Ms. Alison-Madueke isn’t against the law,” said Aaron Sayne, a financial investigator and Senior Governance Officer at the National Resource Governance Institute.

“Investigators have to link the money involved to a crime that happened in Nigeria. And if the crime is bribery, they must also show that the items purchased rewarded her for helping someone win a government contract. That’s not easy to prove, especially well enough to stand up in court,” he pointed out.

The DoJ’s case included transcripts of conversations in which the minister appeared to admit her role in awarding the SAA contracts to Atlantic Energy – but it is still unclear whether the UK has additional evidence relating to the contracts that others received during Alison-Madueke’s tenure.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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#EndSARS: Here is the Complete Speech of President Buhari

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Muhammadu Buhari

The Complete Speech of President Muhammadu Buhari

Following the Lekki Massacre, president Muhammadu Buhari delivered the much-awaited speech. However, the speech failed to touch on the massacre or the people affected, infuriating millions of Nigerian youths that have committed so much to the struggle and lost so much.

Below is the complete speech.

“Fellow Nigerians,

It has become necessary for me to address you having heard from many concerned Nigerians and having concluded a meeting with all the Security Chiefs.

As a democratic government, we listened to, and carefully evaluated the five-point demands of the protesters. And, having accepted them, we immediately scrapped SARS, and put measures in place to address the other demands of our youth.

On approving the termination of SARS I already made it clear that it was in line with our commitment to the implementation of extensive Police reforms.

Sadly, the promptness with which we have acted seemed to have been misconstrued as a sign of weakness and twisted by some for their selfish unpatriotic interests.

The result of this is clear to all observers: human lives have been lost; acts of sexual violence have been reported; two major correctional facilities were attacked and convicts freed; public and private properties completely destroyed or vandalised; the sanctity of the Palace of a peace-maker, the Oba of Lagos has been violated. So-called protesters have invaded an International Airport and in the process disrupted the travel plans of fellow Nigerians and our visitors.

All these executed in the name of the ENDSARS protests. I am indeed deeply pained that innocent lives have been lost. These tragedies are uncalled for and unnecessary.

Certainly, there is no way whatsoever to connect these bad acts to legitimate expression of grievance of the youth of our country.

The spreading of deliberate falsehood and misinformation through the social media in particular, that this government is oblivious to the pains and plight of its citizens, is a ploy to mislead the unwary within and outside Nigeria into unfair judgement and disruptive behaviour.

On the contrary, both our deeds and words have shown how committed this administration has been to the well being and welfare of citizens, even with the steadily dwindling revenues, and the added responsibilities and restrictions due to the Coronavirus pandemic.

Government has put in place measures and initiatives principally targeted at youths, women and the most vulnerable groups in our society. These included our broad plan to lift 100 million Nigerians out of poverty in the next 10 years; the creation of N75 billion National Youth Investment Fund to provide opportunities for the youths, and the Micro, Small and Medium Enterprises (MSME) Survival Fund, through which government is:

a. paying 3-months salaries of the staff of 100,000 micro, small- and medium- enterprises
b. paying for the registration of 250,000 businesses at the Corporate Affairs Commission
c. giving a grant of N30,000 to 100,000 artisans
d. guaranteeing market for the products of traders

These are in addition to many other initiatives such as:

a. Farmermoni,
b. Tradermoni,
c. Marketmoni,
d. N-Power,
e. N-Tech and
f. N-Agro.

No Nigerian Government in the past has methodically and seriously approached poverty-alleviation like we have done.

With regard to the welfare of police personnel, the National Salaries, Income and Wages Commission has been directed to expedite action on the finalization of the new salary structure of members of the Nigeria Police Force.

The emoluments of other paramilitary services are also being reviewed upwards.

In order to underscore the importance of education in preparing youths for the future, this administration has come up with a new salary structure and other incentives for our teachers.

Let me at this point reaffirm the Federal Government’s commitment to preserving the unity of this country.

We will continue to improve good governance and our democratic process, including through sustained engagement.

We shall continue to ensure that liberty and freedom, as well as the fundamental rights of all citizens, are protected.

But remember that government also has the obligation to protect lives and properties, as well as the right of citizens to go about their daily businesses freely and protected from acts of violence.

To our neighbours in particular, and members of the international community, many of whom have expressed concern about the ongoing development in Nigeria, we thank you and urge you all to seek to know all the facts available before taking a position or rushing to judgement and making hasty pronouncements.

In the circumstances, I would like to appeal to protesters to note and take advantage of the various well-thought-out initiatives of this administration designed to make their lives better and more meaningful, and resist the temptation of being used by some subversive elements to cause chaos with the aim of truncating our nascent democracy.

For you to do otherwise will amount to undermining national security and the law and order situation. Under no circumstances will this be tolerated.

I therefore call on our youths to discontinue the street protests and constructively engage government in finding solutions.

Your voice has been heard loud and clear and we are responding.

And I call on all Nigerians to go about their normal businesses, and enjoin security agencies to protect lives and properties of all law-abiding citizens without doing harm to those they are meant to protect.

Let me pay tribute to officers of the Nigeria Police Force who have tragically lost their lives in the line of duty.

I would like to thank those State Governors, traditional and religious leaders who have appealed for calm and restraint.

I also thank youth leaders who have restrained their followers from taking the law into their hands.

This government respects and will continue to respect all the democratic rights and civil liberties of the people, but it will not allow anybody or groups to disrupt the peace of our nation.

Thank you all. God bless the Federal Republic of Nigeria.”

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Government

Passport, Visa Trend as Nigerian Youths Look to Move Out En masse Following Disappointing Presidential Speech

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international-passport

Passport and Visa Trend on Twitter Following Disappointing Presidential Speech

Nigerian youths have started looking for a way to exit the country following a disappointing Presidential speech after security operatives opened fire on peaceful protesters on October 20, 2020 at Lekki Toll Gate in Lagos, Nigeria.

The youths, who have been protesting and demanding an end to the now-disbanded Special Anti-Robbery Squad (SARS) unit of the Nigerian Police Force (NPF), had assembled at Lekki Toll Gate on October 20, 2020 to sustain their protest before the commencement of a 24-hour curfew declared by the Governor of Lagos State, Babajide Sanwo-Olu.

However, shortly after they sang the national anthem, they were attacked by security operatives in one of the goriest scenes ever witnessed in the country. Despite calls for prosecution of perpetrators by both international and local civil rights organisations, the Federal Government has denied the occurrence even when Sanwo-Olu had earlier said forces beyond his control had made dark notes of history in the state.

This coupled with President Muhammadu Buhari’s refusal to acknowledge the killings and occurrence in his speech on Thursday, negatively affected the youths that for the first time went all out to demand a change in one voice.

Feeling dejected with the situation and most importantly hopeless about the future, they were forced to start seeking an exit from an uncertain future to a more predictable economy govern by sane people.

Since the failed presidential speech, Passport and Visa have been trending on Twitter as Nigerian youths now shift their focus to traveling out of Nigeria, a nation expected to plunge into the second economic recession in four years in the third quarter under President Muhammadu Buhari.

The inflation rate increased by 13.71 percent in September with the nation’s unemployment rate at 27.1 percent or 21.8 million amid rising economic uncertainties, weak foreign reserves and a currency that has been devalued twice this year.

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#EndSARS Protesters Kill as Security Operatives Open Fire at Lekki Toll Gate

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Security Operatives Open Fire on #EndSARS Protesters at Lekki Toll Gate

Nigerian security operatives deployed to Lekki Toll Gate following the announcement of a 24-hour curfew by Lagos State Governor, Babajide Sanwo-Olu, opened fire on peaceful protesters on Tuesday, October 20, 2020.

According to numerous accounts of protesters, the army started shooting even before the curfew announced to commence by 9 pm on Tuesday.

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