INVESTIGATION: Secret documents expose Nigerian oil mogul’s offshore hideaways

Kola Aluko

In September 2015, Beyoncé sat on a yacht drinking sparkling wine with her legs wrapped under a striped, earth-toned blanket as the Faraglioni rocks, near Capri on Italy’s west coast, passed by.

The singer and her husband, Jay Z, paid a reported $900,000 that week to sail the Mediterranean Sea on the Galactica Star, a 65-meter private cruiser with a helipad, 10 dining areas, Jacuzzi and sun deck. Beyonce

Unknown to the celebrity couple, the yacht’s owner was soon to be a wanted man.

Held through a shell company created by the law firm at the heart of the Panama Papers scandal, Mossack Fonseca, the yacht is now caught up in a massive investigation in Nigeria. The government claims the yacht was bought with profits from crude oil sales that were diverted and never paid to authorities.

The Galactica Star’s owner is Kolawole Aluko, a petroleum and aviation mogul who is one of four defendants accused of helping to cheat Nigeria out of nearly $1.8 billion owed to the government on massive sales of oil. In a separate investigation, Nigerian authorities are also reportedly probing whether Mr. Aluko helped smuggle millions of dollars out of the country as kickbacks to Nigeria’s former petroleum minister, Diezani Alison-Madueke.

Mr. Aluko is part of a constellation of Nigerian oil executives, state governors, cabinet ministers, military officials and tribal chiefs within the Panama Papers. Mossack Fonseca, a Panama-headquartered law firm with offices around the world, worked for three former Nigerian oil ministers who used companies to buy boats and homes in London, the records show.

The prevalence of Nigerians within the Panama Papers may be no coincidence. Nigeria loses more money from illicit activity, including graft and corporate tax abuse, than any other African nation, research by anti-corruption groups indicates. As much as 12 percent of Nigeria’s annual gross domestic product is lost to illicit financial flows, according to Oxfam.

“Our firm, like many firms, provides worldwide registered agent services for our professional clients (e.g., lawyers, banks, and trusts) who are intermediaries,” Mossack Fonseca told ICIJ. “As a registered agent we merely help incorporate companies, and before we agree to work with a client in any way, we conduct a thorough due-diligence process, one that in every case meets and quite often exceeds all relevant local rules, regulations and standards to which we and others are bound.”

Mossack Fonseca declined to answer specific questions and said, in providing its services, “we follow both the letter and spirit of the law. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing.”

160725-nigeria-04In October 2015, London police questioned Mrs. Alison-Madueke, Nigeria’s oil minister from 2010 to 2015, as part of investigations into allegations of bribery and money laundering. The investigations are ongoing. The ex-minister, who graduated with an architecture degree from Howard University in Washington, D.C., in 1992, is in London undergoing cancer treatment, her lawyers said.

Media reports have described Mr. Aluko as a key ally to Mrs. Alison-Madueke, a relationship both have previously denied. He rose to prominence around 2011 when Nigeria’s government awarded two companies he founded or owned valuable oil blocks on a no-bid basis. One of his companies, Atlantic Energy, was created the day before it inked the deals to acquire multimillion-dollar oil licenses.

Mr. Aluko is part of a circle of oil traders who are the subject of frequent media speculation in Nigeria. His lifestyle has earned him the reputation of being Nigeria’s playboy. He bought an apartment in Manhattan for $8.6 million and, according to The New York Times, paid more than $70 million to buy four homes in Santa Barbara and Beverly Hills.

The Nigerian government won a court order in May freezing assets linked to Mr. Aluko, two companies he directed and one of his business partners. The Lagos High Court order listed Mr. Aluko’s yacht along with property in London, four homes in California, two penthouses in Manhattan, one in Dubai, 132 houses and apartments in Nigeria and land in Canada and Switzerland. The court also ordered Mr. Aluko not to sell or dispose of more than $67 million in four bank accounts in London and Switzerland, an assortment of watches, a 58-car collection and three airplanes.

Through a representative, Mr. Aluko told ICIJ that “I have never been prosecuted and convicted in any country. I am aware that a criminal investigation was started in the UK. However, to date I have not been made aware of any law enforcement action to be undertaken against me.”


Aluko told ICIJ that the information relating to the award of oil contracts to his company was “misguided” speculation.

“As a private citizen I organise my business and family matters to maximise convenience, as well as operational and administrative efficiency. My companies operate in accordance with the laws and regulations of the relevant jurisdictions and, insofar tax liabilities arise, they pay taxes in the jurisdictions in which taxes are due to be paid.”

Criminal charges for alleged crude oil fraud against Mr. Aluko were dropped in June as a result, according to media reports, of authorities’ inability to locate and serve the Swiss resident.

ICIJ was unable to reach a lawyer or representative of Mrs. Alison-Madueke.

News reports in Nigeria and Britain indicate that the U.S. Federal Bureau of Investigation, the U.K.’s National Crime Agency and Switzerland’s Attorney General are investigating Mr. Aluko for his role in companies and transactions that were allegedly used to conceal Mrs. Alison-Madueke’s transfer of wealth outside Nigeria.

Switzerland’s Office of the Attorney General confirmed to ICIJ that it had received a request from the United Kingdom in relation to Mr. Aluko. U.K. authorities and the FBI did not confirm or deny the existence of an investigation.

Mossack Fonseca’s internal records show that Mr. Aluko owned four companies in the British Virgin Islands, one of the world’s busiest offshore havens. He was director of another, Fragola Ltd, in the Seychelles. In May 2013, Mr. Aluko paid $11.05 million to buy Almaty United Investors Limited, a BVI company that owned property in Dubai.

One of Aluko’s companies, Earnshaw Associates Limited, was directed on paper by a succession of three companies in Nevis, Switzerland and the BVI, financial hubs prized for their secrecy. The company was incorporated three weeks after Mrs. Alison-Madueke was appointed to head the Ministry of Petroleum Resources in April 2010.

In March 2014, Earnshaw Associates registered a Bombardier Global Express jet in Malta, according to documents sent through Mossack Fonseca. The 18-seat Bombardier is the same model of aircraft that Nigerian media reported Mrs. Alison-Madueke used during her time in office.

Oil Chief

Long before Mr. Aluko, Mossack Fonseca had faced questions about its Nigerian customers. In 2007, when the firm’s employees realized that an offshore company was being used by a former advisor to Olusegun Obasanjo, Nigeria’s president from 1999 to 2007, Jürgen Mossack reminded his staff that “in this firm, everyone knows that dealing with Nigerians always gives you headaches. It’s inevitable that this case involves a crime or fraud.”

Other suspect Nigerian deals seemed to have passed unnoticed.

One crude oil sale contract between three offshore companies, for example, provided for commissions so high that, one expert consulted by ICIJ said, the most obvious explanation is that the oil was stolen. Another file is a $12 million loan from a shell company to a Nigerian typed on half a sheet of paper.

“I had to sign dozens of pages of paperwork for my home loan,” said Aaron Sayne, a financial crimes lawyer and expert witness in dozens of oil fraud cases in Nigeria, after looking at the document. “And my home certainly isn’t worth $12 million.”

160725-nigeria-06In 1995 – 15 years before Mrs. Alison-Madueke became Nigeria’s first female petroleum minister – Dan Etete was sworn into the same office.

Mr. Etete, a mustachioed power-player from the oil-rich Bayelsa State, served as oil minister until 1998. His tenure became the subject of investigations after he left office. He was convicted in France of money laundering, and authorities in three countries continue to examine allegations that portions of a billion-dollar oil deal involving a company linked to Mr. Etete were transferred or pocketed as bribes by political figures and middlemen.

The Panama Papers reveal that Mr. Etete and the company, Malabu Oil & Gas Limited, signed a consultancy agreement with an offshore company created by Mossack Fonseca to negotiate the sale of oil blocks to China, a deal that never proceeded. Others documents appeared under Etete’s reported alias, Omoni Amafegha. Amafegha’s company, Pentrade Securities Inc., featured the signature of Richard Granier-Deferre, a French oil trader who was fined approximately $200,000 in 2007 by a Paris court as an accessory to Mr. Etete’s money laundering. The company was incorporated in 1998 when Mr. Etete was oil minister and opened a bank account in Gibraltar. Mr. Amafegha also owned Henkel Investments Ltd, which bought a boat in January 1998.

Mr. Etete denied using Amafegha as an alias and said he had never heard of Pentrade Securities Inc. or Henkel Investments. He denied owning or having owned Malabu. “It’s all just enemies that created this misinformation,” said Mr. Etete.

“I have nothing to do with any Panamanian companies,” Mr. Etete told ICIJ. “I have never been there or sent anyone there to open an account.”

The fall

At his peak, the oil magnate and luxury yacht owner Mr. Aluko was a globetrotter whose round face regularly graced celebrity Instagram pages and entertainment tabloids. When he was spotted in Paris in October 2013, Nigerian media trilled at the suggestion he was dating supermodel Naomi Campbell. That same year, he launched a $500 million infrastructure development fund alongside Hollywood actor Jamie Foxx and partied in New York City at Leonardo DiCaprio’s 39th birthday bash. He was snapped at the side of rapper P Diddy in Ibiza, Spain, the following summer. The music star tweeted a photo of himself alongside a smiling Mr. Aluko with the caption “NIGERIA I LOVE YOU.” 160725-nigeria-05

At the same time, tongues wagged back home. Mr. Aluko was regularly cited in Nigerian media as one of “the minister’s men,” a clique of Nigerian oil traders who had burst onto the scene and secured a string of oil licenses from Minister Alison-Madueke’s office with startling ease. In 2011 and 2012, Aluko’s Atlantic Energy, which boasted of “strong government relationships,” grabbed eight crude oil licenses in the Western Niger Delta. Atlantic sent tens of millions of dollars of crude oil to Italy, the United States, Germany, the Netherlands and elsewhere throughout 2012 and 2013, according to documents seen by ICIJ.

In September 2014, however, rumours floated in Nigerian media suggesting that Mr. Aluko and his companies had fallen out of favour with Mrs. Alison-Madueke. By September, Atlantic defaulted on its loans and owed Nigeria $1.3 billion in cash and other obligations. The Nigerian government and banks sent out confidential pleas to would-be angel investors in the hope they would be willing to step in with $700 million and fill the hole left by Atlantic’s bankruptcy.


Two months later, Mossack Fonseca employees doing a routine background check on Mr. Aluko discovered online news articles claiming that Nigerian authorities might ask Interpol, the world’s police body, to help extradite the magnate. Interpol has denied it ever sought the Nigerian. And while the Internet chatter was enough to spook some of Mossack Fonseca’s employees, the firm remained at Mr. Aluko’s service.

It wasn’t until June 2015 that Mossack Fonseca took a second look at Aluko, after it received a demand from the British Virgin Islands Financial Investigation Agency to produce documents about Earnshaw Associates.

Mossack Fonseca told BVI authorities that “we do not have information about any bank accounts or assets held by” Earnshaw, despite having signed documents more than a year earlier to help Mr. Aluko’s company register a private jet.

In August 2015, the situation grew worse when the law firm realized it had no contact or personal documentation for Mr. Aluko. One Mossack Fonseca employee worried that this was a potential breach of the BVI’s requirement that offshore middlemen keep such information for at least five years after a company is mothballed.

An employee sought help from Mr. Aluko’s Swiss wealth manager, Johnnie Ebo Quaicoe, and shared links to four unflattering online news articles.

“I’m dumbfounded that Mossack Fonseca will print excerpts from tabloids,” Mr. Quaicoe wrote from Geneva.

“If Mr Aluko is truly a wanted person,” Mr. Quaicoe chided Mossack Fonseca, “he would not be difficult to find because he is a resident in Switzerland.” Swatting the concerns aside, Mr. Quaicoe instead asked Mossack Fonseca to assist with a “major” $30 million mortgage with a Luxembourg bank. The loan was to be provided by Banque Havilland S.A. The collateral securing the loan would include the Galactica Star, the boat that Beyoncé and Jay Z had rented for their Mediterranean cruise.

160725-nigeria-07Mossack Fonseca agreed to process the paperwork needed to pull off the loan.

But concerns continued.

In September 2015, a Mossack Fonseca employee discovered new media reports that alleged Mr. Aluko was “on the run from the law over several controversial and fraudulent dealings in the petroleum industry.” Employees handling the loan deal asked colleagues for “comfort to proceed without being seen as facilitators to money laundering activities and corruption.”

By October 2015, Mossack Fonseca had had enough – almost.

It cut its final ties with three of Mr. Aluko’s four companies, which had been inactive since 2014, and prepared a memo for BVI authorities outlining the law firm’s concerns about Mr. Aluko’s activities.

Before sending the memo, however, Mossack Fonseca certified the $30 million loan for Mr. Aluko’s Earnshaw Associates. A Mossack Fonseca employee justified decision to help push through the paperwork by noting that the firm had already been working on the same loan transaction for months.

Mr. Quaicoe told ICIJ he could not discuss his work with Mr. Aluko. “I conduct business in accordance with the laws of the relevant jurisdictions pursuant to the contracts of services concluded with my clients,” Mr. Quaicoe said.

Ross S. Delston, a Washington, D.C., attorney and anti-money laundering expert, said that in general, banks, other financial institutions and financial intermediaries such as law firms, real estate agents and trust and company service providers should be skeptical whenever they’re dealing with clients who are involved in the oil business, are rumoured to have close connections to politicians, have been subjects of negative news stories and come from countries, like Nigeria, that are considered high-risk geographies for corruption, money laundering and other financial crimes.

“Taken together, these indicators and risk factors present not just red flags for money laundering or other financial crime but rather can be characterized as fireworks on the Washington, D.C., Mall on the Fourth of July,” Mr. Delston said.

As Mr. Aluko was securing his loan, the heat on Mrs. Alison-Madueke and her friends was increasing. In October 2015, a small number of Mrs. Alison-Madueke’s family members appeared in a London court on bribery and corruption charges, and police seized some of the minister’s assets, including $39,000 in cash. Nigerian authorities have continued to arrest and arraign other alleged Mrs. Alison-Madueke confidants. Mrs. Alison-Madueke could not be reached for comment.

In May 2016, the Federal High Court in Lagos granted the Nigerian government’s request for an order freezing assets linked to Mr. Aluko and three others. The four owed Nigeria $1.76 billion dollars in unpaid dues from crude oil sales, the government’s court filings alleged, and had shuffled “large sums to offshore accounts.”

The amount “is equal to the combined 2016 budgets of about 4 States in Nigeria which monies would be utilized to cater for about 13 million” people, the government noted. Nigeria had suffered “immense losses and damage” thanks to the failure by Mr. Aluko and the others to pay what they owed.

The court has frozen both of the assets used by Mr. Aluko to secure his $30 million loan in late 2015 – the luxury yacht and the Manhattan apartment in the 157 W. 57th Street skyscraper known as “The Billionaires Building.”

Mr. Aluko and the three other defendants “could use phony companies to dispose or dissipate their assets” out of Nigeria’s control, the government argued in an effort to keep Mr. Aluko and the others from selling off their assets before authorities could confiscate them. The government pointed to the sale, in April 2016, of Mr. Aluko’s 15,000- square-foot home in Beverly Hills as a sign “of desperation,” an indication of his desire to avoid “the long arms of the law.”

In July, Nigeria’s Economic and Financial Crimes Commission laid charges in court against several Nigerians with alleged ties to former minister Alison-Madueke. In a last-minute change, Mr. Aluko’s name was dropped from the charge sheet after government prosecutors admitted they had been unable to serve him with documents.

Contrary to his wealth manager’s claims, it seems, Mr. Aluko remains difficult to find.


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  • vagabonds in power

    Only God knows whether Buhari has any brain that helps him to think at all? Buhari and the Nation state of Nigeria, is being duped –among the Apes in APC and their Itsekiri supporters from Koko-in Delta state-They are the new (Hailing Hailers) of the Satanic rule of Buhari ati APC–Busy misleading that incompetent-certificate forging–jihadist president—–from Senegal————How can the current government under the control of the Apes in APC negotiate with MEND—how–for heavens sake?——–Was it MEND that started the PRESENT crisis in the Niger Delta—–?———–MEND has always been in support of the Fulanis and Yorubas in Aso rock—Long after the founder of MEND———–Tompolo who has now been declared wanted–after Buhari decided to kill his father———–even when he openly embrace the Amnesty scheme–Most Yorubas often prefer the government of Fulanis in Nigeria than leaders from the south- cause the Fulani nitwits-help them to make easy money-from the oil sector—-Aware most of the oil blocks in the SS, were handed over to the Fulanis –Yorubas and their Ibo surrogates by Fulani rogues—from Mali in Nigeria—Separation is the only way way out—If MEND was serious–having supported Buhari against Jonathan during the 2015 elections-Buhari would have worked towards the release of the Okah brothers—-He did not–Instead Buhari went to the WORLD BANK to borrow money to appease his Fulani Boko haram fighters from Chad and Niger Republic—-in the North east———————-now he is after—lawbreakers with a view to divert attention from the hunger in the land—————–animals————-

  • IZON Redeemer

    Are they Ijaws—————————————-or members of the Tripod—-Fulani————Yoruba and their Ibo agents—–stealing the oil blocks in the South south———–that is why Freedom is Our Goal—————————————–Buhari, 2 More Years To Goooooo!!!!

    1] N4.5trillion – 2015 budget squandered.

    2] N6.trillion – 2016 budget shared.

    3] $30bn external reserve – depleted.

    4] $5bn NLNG dividend Handed over to Buhari gets wings.

  • D Hailing Hailers of Buhari

    Since the day crude oil was discovered in commercial quantity and quality in Oloibiri, present day Bayelsa state, what we have being asking from successive governments in Nigeria is portable drinking water in the midst of plenty of water mass, electricity, roads, employment, quality education/educational facilities, resource control, participation in the oil business and inclusive governance that will engender substantial freedom.

    The reserve have been the case, from Oloibiri, Brass LNLG and export terminals in Bayelsa; Bonny LNLG and export terminals in River state; ExxonMobil in Akwa Ibom; Escravos EGTL/ Tankfarm and export terminals; Forcados Tankfarm and export terminals in Delta state operated respectively by Anglo-Dutch Shell, Chevron/Texaco Over seas, Agip ENI, ExxonMobil. The history of the communal lives is terror of poverty, inhumanity and desolate living conditions. But when you move into these facilities operated by the Multinational Oil Corporations, they are living like Kings and Presidents.

    For over five decades, we have given Multinational Oil Corporations and their collaborator the Nigerian State peace, cooperation and love for the crude oil to flow unhindered from our land. The continuous tranquility is only manifesting in the development of mountains, rock, valleys, deserts and lagoon but the Niger Delta territory continually alienated from all types of development and all essence of quality human life. Main while all successive governments worships the crude oil taken from the region. Our communities and the people are only good at securing the pipelines, oil and gas facilities. What a tragedy?

    • Foreign News

      Toyin Ojora-Saraki, the wife of
      the president of the Nigerian Senate, is a business front for her husband,
      Bukola Saraki. According to documents retrieved from the Mossack Fonseca
      database, the assets in her name in tax havens are held in trust for Bukola,
      Nigeria’s third most powerful official.

      Landfield International
      Developments, a company registered in the British Virgin Islands on April 8
      2014, had Toyin as sole shareholder. But it is apparent that she was a front,
      because Bukola has since discreetly taken over the company using Longmeadow
      Holdings, another shell company registered in Jersey.

      To effect the take-over, a board meeting of Landfield was purportedly
      held on January 28 2015, where it was agreed that the company be sold to Bukola
      for more than £3-million. That same day, Toyin wrote to Mossack Fonseca
      informing it that she was transferring the beneficial ownership of Landfield to
      Bukola and his company.

      …………..Mail & Guardian

      [April 22nd, 2016]

      • Bronco

        Can it be messier than this ? Only God Almighgty will save us from the clutches of corruption now .But we should not be daunted in our resolve to fight corruption to a stop. The evil forces are everywhere- the legislature (budget padding,fraudulent manipulation to grab position,false asset declaration)the judiciary (corrupt judges and lawmen)CBN (funding image – laundering contract to siphon money out )etc. It is high time PMB gets his acts together and deal with them all.

  • Julius

    Is anybody surprised by this ?

    • Fadama

      Not anymore bro.

      • Julius

        True talk!!. Everything was possible and happened under Jonathan .

        • Fadama

          Absolutely true.

          • Julius

            Bro, people were going to the CBN with a note from Dasuki and withdrew billions of Naira. No question asked. Unbelievable aint it ?

          • Fadama

            It is indeed unbelievable. The whole system was ran like a family business.

          • Julius

            You cant even run a family business like that and if you do , it will lead to bankruptcy . They simply dont care . They are evil. You saw Dasuki bought his 2 sons a mansion each in Abuja. with our money .The sons that has no job.

  • vagabonds in power

    First, the most influential person in the Presidency today is one Mamman Daura whom as you know, is a nephew of the President. His father was Buhari’s elder brother. In addition, Mamman Daura was the one who single handedly brought up Abba Kyari, the current Chief of Staff to the President. In fact, Abba Kyari knows Mamman Daura more than he knows his own father. Next, the Personal Assistant to Buhari himself is the son of Mamman Daura, next is what they call SCOP, State Chief of Protocol, and is also a son-in-law to Mamman Daura because he is married to Mamman Daura’s daughter. Next, the Minister they unilaterally chose, against the interest of the party and against the wishes of Sokoto people, happens to be the daughter of the younger sister of Mamman Daura’s wife. Both of them are daughters of Sultan Dasuki, who was sacked by General Abacha. We have the Aide De Camp to Buhari himself, Colonel Abubakar. He is married to the granddaughter of one of Buhari’s elder sisters. Next we have the woman who represents Kaduna in the Federal Executive Council, she is a cousin to Kaduna State governor, Nasir el-Rufai. It is well known that el-Rufai is one of the closest governors to Muhammadu Buhari. Next, we have the Minister for the Federal Capital Territory. The Minister of the FCT is the man called Musa Bello, who used to be the Managing Director of the Northern Nigeria Development Corporation, which used to be the biggest holding company that belonged to all the northern states. His only qualification to be FCT minister is the fact that his father has been Buhari’s friend over the years. Now, there is a young man called Sabiu Yusuf, nicknamed Tunde – probably because of late General Tunde Idiagbon. He is another PA to President Buhari

    • St

      Is somebody not your cousin or in-law? Demand for results, cos even your own blood can even still make the wonderful change… Following Propaganda will not give us results

      • vagabonds in power

        Ask what led to the coming of the Avengers–after them will come more powerful freedom fighters–it took the south africans many years—-can u remember—-?——–yours lasted only 3 yrs—and it was over—————————we have never stopped since Isaac Boro

        • St

          Leave SA, dust those books and study d history of Nigeria, then u will get a clue of y I support institutional development in Nigeria

    • Uzoma John

      Who let this lunatic loose from psychiatry. Please re-chain this guy before he creates more problem for himself. He is running mad the more.

      • vagabonds in power

        The Hired Hailing Hailers of Buhari–are back -to swallow their smelly regional vomit——–Sad that a gutless self centred Ibo-man—-doing all within his reach to recover from his defeat in the hands of his masters the Fulanis ati Yorubas—lazily —-trying to identify with the hopes and aspirations of his Fulani Masters—————Creating a false sense hope even after the murder of more than 200 Ibos by the Fulani cow hands—————Happily we the Ijaws can no longer be fooled into going to war on the platform of One Nigeria again——Since the Biafran war was about the seizure of our crude oil wells in the SS———————-Yesterday is gone—————today is a new day—–Freedom is our goal—@Wahala——animals

    • Paul Young

      This analysis is not enough. Draw the family tree for us

      • vagabonds in power

        Mumu has Buhari any family tree—–for us to rely on in Nigeria?———–His begins and stops with his elder sister–who brought him from Mali————–through Niger Republic to Nigeria————That is why he has not certificate to call his own besides the one Tinubu forged for him

      • olu_kay

        lol

  • kumi

    This government will never size to amaze me this current world how carries money by hand all money been transfer out of Nigeria is from bank

    • tundemash

      You ought to be in court, on govt side, to serve as evidence of 16 years of PDPigs looting; your English is a pain to read and yet you side with those who looted your destiny.

  • egoigwe

    “In July, Nigeria’s Economic and Financial Crimes Commission laid charges in court against several Nigerians with alleged ties to former minister Alison-Madueke. In a last-minute change, Mr. Aluko’s name was dropped from the charge sheet after government prosecutors admitted they had been unable to serve him with documents” As reported above.

    Is this to say that Kola is now off the hook until such a time when he’s located? Why is EFCC and the government still leaving us with the impression that investigations are still ongoing in this matter? Why has our press not reported that charges against Kola Aluko have been dropped?

    Where is Deziani’s so called stolen billions? It’s near impossible to hide a million dollars in today’s financial circuits how much more billion of dollars. Why has America not located the funds if indeed they were stolen? What’s going on here? It would seem our EFCC has been compromised or there was never a case for it to prosecute in the first place.

    • Uzoma John

      That is the reason Nigeria is seeking assistance of the Western nations to unearth all the layering and use of shell companies to launder money. Just sit back and wait. More revelation about how you Deziani thief our money will be made soonest. What is your position in this matter? Are you the mouth-piece of criminal gangs like Aluko, Deziani and co?

      • egoigwe

        If that is the impression you got then of what use will it be explaining everyday English to you?

        • Uzoma John

          You fail to understand the said English you wrote in the first place. The reason I doubt whether you actually wrote it or copied from someone, or rather had an interpreter that is deceiving you.

          • Rosebud

            Iolz… you’re quite the clown aren’t you? Well, keep on doubting.

          • egoigwe

            Thank you dear for putting that uncultured irritant in his place.

  • St

    This young rich man don kill us finish

    • Olusola

      Now it is our turn to kill him but painfully slowly!

      • Austin Ahile

        Editor Premium Times,

        This money-laundering cabal is killing Nigerians

        The step to remove and ban Bukola Saraki from public office for ten years upon
        his conviction by the Code of Conduct of Tribunal is a very correct decision taken
        by the Buhari government. But what’s not quite correct is the eerie silence by the
        Buhari government on the over 50 million dollars uncovered to have been hidden
        by Bukola Saraki in tax havens abroad via the stained lawfirm of Mossack Fonseca
        in Panama.

        Bukola Saraki should not be banned from public affairs only to be happily re-united
        with that $50m cash trove comprising likely looted funds, according to the criminal
        complaint filed with the Nigerian Police by some Kwara State citizens who feel duped
        by Bukola Saraki for depositing 750,000m Naira or more fifty times a day into his
        personal account whilst purporting to be the governor of Kwara state.

        Bukola Saraki is not a force for good. He adds no value to society. He does not stand
        on any ethical compass that can be seen or recommended to growing children. He lacks
        relevant knowledge in addition. Nigeria will be a better place without Bukola Saraki and
        his like being at the helms of affairs. Nigeria surely can’t go anywhere in law and order,
        with Bukola Saraki as the Senate President, anymore than a thief can be the right man
        for the job of Nigeria’s Police Commissioner.

      • Tunsj

        Couldn’t agree more.

      • Julius

        Yes, I agree.

  • dike offor

    There is money in that Country called Nigeria yet w are suffering to get good road,health ,housing policy and food security

  • agbobu

    DEIZIANI AND HER GANG OF VERY MASSIVE, VERY RECKLESS AND VERY SHMALESS LOOTERS AND THIEVES OF OUR COMMON WEALTH WILL BE MADE TO VOMIT ALL LOOTED AND STOLEN MONEY AND THIS VERY OFFICIAL!!!!

  • ????????

    @agbobu:disqus

    But what’s difficult in EFCC seeking the repatriation of Kola Aluko?

    Why does EFCC pretend Kola Aluko is difficult to bring to justice?

    The pretence underlying Buhari’s anti-corruption war is very irritating.

    • agbobu

      THEN IF IT LOOKS LIKE ‘UGBARUBA’ AND SOUNDS LIKE ‘UGBARUGBA’ THEN IT IS ‘UGBARUGBA!!!’

    • Paul Young

      Extradition is not an easy straight forward thing. Also, you have to know where he is before you request extradition from that country right? What i understand is that Kola Aluko is hiding somewhere only God knows

      • No Bull …..

        For a price, Naomi Campbell can lead authorities to his safe house. Sarcasm off.

  • thusspokez

    Look at the people who have benefited most from the oil. Due to decades of oil exploitations and oil explorers’ total disregard for the Niger Delta environment, indeed, some parts of the Niger delta are unfit for human habitation, and livelihoods have been destroyed. What gives any Nigerian, particularly, the Yorubas, often the loudest and least contributors to the Nigerian economy — the moral justification to condemn the rise of militancy in the Niger delta or Buhari’s attempt to have dialogue with the NDA?

    • New Nigerian

      Go to Aluko’s hometown and you’d not see anything he put there – so it is wrong to even mention his hometown, not to talk of his tribe…If you dig deep, you’d see his relatives wearing tatter’s clothes and probably unable to even feed…which is better for them because who need to feed from stolen money

  • Spoken word

    And some bastards will say they want Jonathan back.dem no well.

  • musa aliyu

    Remains difficult to find, ke! A beg make we hear word. Government no get lawyer again? Mtchewwww!!!

  • Fuzio

    That is why ‘dey want die put’ for Niger Delta Oil. Why not. Life is good.

  • New Nigerian

    Aluko fronted for Jonathan and Diezani (Both from Bayelsa). Dan Etete (Bayelsa dude) stole billions in Oil wealth (when he was also Petroleum Minister) and got it rubber stamped by another President from his neck of the wood. Tompolo was the kigpin of stolen 400,000 barrels per day under Jonathan+Diezani (The trio are from Bayelsa). Niger Delta Avengers – are mostly in Bayelsa…so you want to talk about locality of crime…read the tea leaves. With that said, these are individuals – 99.999% of Bayelsan are poor, vulnerable and need protection from these terrorists – economic and physical – who stole all the money, polluted the creeks and put zero dollar in investment of any kind (with ill gotten wealth or otherwise) in that region… Odili and his people did theirs in Rivers – with Ateke Tom + Dokubo as militia…unbelievable vermins!

    • Jasper

      Looking at the picture of this Aluko, hmmmm! The guy is not blessed with facial beauty. What on earth could then have so much enticed Diezani to him? I reckon it should be the bilala within his thighs.

      Just thinking out loud folks.

  • AFRICANER

    So, exactly what is this young man’s crime?

    We can’t live in a society where Film Villages are Haram; and entrepreneurship is criminalized, yet we cry that the economy is not growing. Nigeria is NOT a Sharia country!

    If a businessman such as this man fails to pay taxes, the jurisdiction in question first has a duty to try and collect such taxes from him and his companies, unless there is a specific criminal act involved; just having an opulent lifestyle, or associating with celebrities is not enough to smear anybody. I’m yet to understand what the hubbub all about.

  • vagabonds in power

    Under President Buhari’s instructions, the Nigerian Army released a total of 249 Boko Haram members and their collaborators yesterday.Buhari had earlier ordered the release of more than 2,000 Boko haram Fulani Fighters soon after he was imposed on Nigerians by the Fulani Obama Controlled Administration in the USA.

    The Nigerian Government arrested the rampaging BH members during an Operation Lafiya Dole mop up exercise in the North East.

    The Boko Haram members were released under the orders of Lieutenant-General Tukur Burutai. While Ijaw Youths arrested by the Fulani Soldiers from Mali in the Creeks of the Niger Delta with the aid of Itsekiris remain locked up in the gulag of Buhari–

    “The release comprised 169 men, 46 women and 34 children. They were handed over to the Borno state government in northeast Nigeria.Sadly the 46 Ijaw Youths nabbed by the soldiers of occupation in the Niger delta–seems to have all been killed by the Nigerian Armed Forces–in the South-South. Separation is the only way out–never the fake rule of the Fulanis and their Yoruba servants—and the uncaring hailing hailers of buhari among the Apes in APC.

    • udemeobong

      Out of topic!!!

  • Truth be told

    All these are nothing (not up to 1%) of what those northerners make from their oil blocks. So who are we really to go after for our commonwealth?

    • Sean Alex

      Meaning what so Its ok DUMB ASS

  • vagabonds in power

    Since the day crude oil was discovered in commercial quantity and quality in Oloibiri, present day Bayelsa state, what we have being asking from successive governments in Nigeria is portable drinking water in the midst of plenty of water mass, electricity, roads, employment, quality education/educational facilities, resource control, participation in the oil business and inclusive governance that will engender substantial freedom.

    The reserve have been the case, from Oloibiri, Brass LNLG and export terminals in Bayelsa; Bonny LNLG and export terminals in River state; ExxonMobil in Akwa Ibom; Escravos EGTL/ Tankfarm and export terminals; Forcados Tankfarm and export terminals in Delta state operated respectively by Anglo-Dutch Shell, Chevron/Texaco Over seas, Agip ENI, ExxonMobil. The history of the communal lives is terror of poverty, inhumanity and desolate living conditions. But when you move into these facilities operated by the Multinational Oil Corporations, they are living like Kings and Presidents.

    For over five decades, we have given Multinational Oil Corporations and their collaborator the Nigerian State peace, cooperation and love for the crude oil to flow unhindered from our land. The continuous tranquility is only manifesting in the development of mountains, rock, valleys, deserts and lagoon but the Niger Delta territory continually alienated from all types of development and all essence of quality human life. Main while all successive governments worships the crude oil taken from the region. Our communities and the people are only good at securing the pipelines, oil and gas facilities. What a tragedy?

    • ed

      Very Sad Indeed. God is the equalizer. God is looking over all of us.

  • Sean Alex

    Inside them those celebrities hes dining with are saying the meanest things about im LOOK AT THIS CRIMINAL NIGERIAN