I Only Got N39 Billion From Fraudulent Malabu Deal- Etete Tells British Court-PREMIUM TIMES

Dan Etete

By Nicholas Ibekwe

In a desperate attempt to muddle-up facts, convicted felon, Dan Etete, has told a British High Court that he is not the owner of Malabu Oil and Gas and thus not the recipient of the whole $1.1 billion (N173 billion) fraudulently transferred to Malabu by the Goodluck Jonathan administration. The money was paid by oil giants, Shell and Eni, through the federal government, to Malabu.
Mr. Etete, a former minister of petroleum, told the court, in a testimony he gave on a breach of contract suit brought against him over the sale of the controversial oil block OPL 245, that he only made N37.5 billion ($250 million) working as a consultant for Malabu, the Economist is reporting.
PREMIUM TIMES had reported how Mr. Etete is the sole signatory into the bank accounts that the federal government paid about $800 million (N126 billion) of the oil bloc sale into.
However, Mr. Etete, who was convicted for money laundering in France in 2007, immediately contradicted himself in the same testimony when he admitted to being the sole signatory to Malabu’s account and couldn’t provide any evidence of other shareholders.

EXPOSED! How Jonathan and Alamieyeseigha Looted Bayelsa [Plus More]

In Bayelsa State, the state of President Goodluck Jonathan, and former governor Diepreye Alamieyeseigha who was convicted and pardoned by Jonathan, the state government planned upgrading of 5 secondary schools to boarding schools, N2billion was budgeted in 2012 and N135million  in 2010. We paid a visit to Sagbama, Kaiama, Nembe and Ogbia. No Upgrade was done!

The revelations are quite disturbing. Continue to see more:

Power sector reform: Stakeholders lament non-openness of bidding process

Introduction
The much anticipated power sector reform aimed at repositioning its the critical sector to more transparent, efficient and cost-effective was thrown into disarray when preferred winners for 10 electricity distribution companies were announced by the Technical Committee on privatisation, last week. 

     In 2010, President Goodluck Jonathan announced plans to break the Power Holding Company of Nigeria (PHCN) into 18 successor companies which include 11 distribution companies, six generation companies and one transmission company. He also set a target of 20000 megawatts  by the year 2020.

How the preferred winners emerged

Many of the companies involved in the bids have little or no power sector experience. Several others were backed by powerful political interests but have technically capable partners. The distribution companies which are responsible for delivering electricity to end-users and collecting

Nigerian Government Broke; Targets Pension Savings

The Nigerian government is financially broke and barely able to pay its bills, an investigation by SaharaReporters has revealed. The portrait of the Nigerian government’s dismal financial situation is in sharp contrast to recent propaganda by Nigeria’s Finance Minister, Ngozi Okonjo-Iweala, and Central Bank governor, Sanusi Lamido Sanusi. Both officials have sought to depict the Nigerian economy as vibrant and robust.

FINALLY!!! Bola Ahmed Tinubu’s Daughter, Folashade Tinubu-Ojo Succeeds Bola Ahmed Tinubu’s Mother As Iyaloja General

The late Alhaja Abibatu Mogaji 

Controversies over the successor of the late Alhaja Abibatu Mogaji have been laid to rest as the Oba of Lagos, Oba Rilwan Akiolu, has installed Mrs. Folashade Tinubu-Ojo, as the new President-General, Association of Nigerian Market Women and Men.

Tinubu-Ojo is the daughter of former governor of Lagos State and National Leader of the Action Congress of Nigeria, ANC, Asiwaju Bola Tinubu.

Ex-Gov Oni must be probed, Fayemi insists

Former governor of Ekiti State, Engineer Segun Oni is not yet off the hook as the state government has reiterated its plan to probe him over alleged malpractices that rocked his administration.  This is contrary to reports in some national dailies yesterday that the incumbent governor, Dr Kayode Fayemi has jettison the idea of probing him.

The Commissioner for Information and Civic Orientation, Mr. Tayo Ekundayo, who gave the clarification yesterday in his office, said there was misperception of his earlier statement made during the village square meeting on Thursday at Efon.

Gov Akpabio Fires 3 Of His Stewards Over Missing $250,000 (N40m) In His Abuja Bedroom

Culled from SaharaReporters

Three stewards working in the Akwa Ibom state governor's lodge in Asokoro, Abuja were on Friday summarily dismissed by the governor, Godswill Akpabio, over missing bundles of mint fresh dollars valued at over  $250,000 (N40 million) kept in the governor's bedroom.

The governor who reportedly issued the instruction to dispense with the services of the political appointees personally found out on Wednesday during his visit to Abuja that four bundles of the foreign currency he left in his bedroom had been stolen while he was gone to a dinner with President Goodluck Jonathan at the Aso Rock Villa.

Why Is David Mark Lying About The Car He Bought For Tuface?

Is it possible for another person to buy this expensive car as a wedding gift for Tuface and Annie Idibia and label it as a gift from Senate President David Mark? The controversy is on but the guess is that the car was actually bought by David Mark who didn't expected the negative criticisms now coming his way.

David Mark's media adviser is however claiming that his boss was not in Dubai and as such could not have given the said car to Tuface and Annie. But see this photo below...

Corrupt Former Gov. Alamieyeseigha Could Be Entitled To Billions He Stole Based On Presidential Pardon And Court Of Appeal Ruling On Obasanjo,Lawyers

DSP Alamieyeseigha

Former Bayelsa State governor, Diepreye Alamieyeseigha, may be paid billions of naira, the value of the assets seized from him after his conviction for money laundering.
President Goodluck Jonathan had granted Mr. Alamieyeseigha a presidential pardon, rendering the former Bayelsa State governor a freeman.

A Tale of Two Quotes: Reuben A Chameleon

"Alamieyeseigha has shown himself to be a dishonourable fellow, unfit to rule, unfit to sit among men and women of honour and integrity, unfit to preach to the people that he leads about ideals and values." -~ Dr. Reuben Abati, writing in The Guardian on November 25, 2005.

"Nigerians Reaction To Alamieyeseigha's Pardon Is ‘Sophisticated Ignorance."
~ Dr Reuben Abati, March 16th, 2013

EXPOSED! Why Jonathan Pardoned A Thief, Alamieyeisegha

Presidential pardons are used all over the world and have their basis in Matthew 6:12, which states "and forgive us our sins, as we have forgiven those who have sinned against us". The principle is also found in the Qur’an which says “But if you pardon and exonerate and forgive, Allah is Ever-Forgiving, Most Merciful.” [Qur’an, 64: 14].

Hence, Presidential pardons have the effect of treating a conviction as though it never happened. It removes the stigma and restores the convict to normal life. The pardon is a prerogative of a grantor...

FG Pardons Big Thief Alamieyeseigha ,Diya, Yar'adua & Others

Former Governor of Bayelsa State,  Diepreye  Alamieyeseigha topped the list of those granted state pardon by the Council of state today.  
 
Other prominent persons included Former Chief of General Staff, Oladipo Diya and Former Chief of Staff Supreme  Military Council, late Major General Shehu Musa Yar’Adua and late Major General Abdulkareem Adisa, Major Segun Fadipe, ex-Major Bello Magaji,   Mohammed Lima Biu and  Shettima  Bulama.

The  Council of State is  made up of  the President, Vice President, all state governors, former Presidents, the Chief Justice of the Federation, the Senate President and Speaker of the House of Representatives

Governor Akpabio Purchases Million-Dollar Bullet Proof Luxury Vans

My name is Tony Anenih

A character cartoon by a Nigerian about Chief Tony Anenih, the chairman of the Nigeria Ports Authority and now Chairman of the PDP Board of Trustees.

Apart from his age, close to 80 years, his public service records certainly do not recommend him for all the exalted positions that ‘Africa’s largest’ political party has been bestowing on him.

Draft Criminal Charges Detail How Gov. Peter Odili Plundered Rivers State's $500million To Set Up Arik Air And Buy Up Media At AIT, Thisday, Newswatch And ChannelsTV

Peter Odili , Mary Odili and judges

By SaharaReporters, New York

SaharaReporters has obtained detailed draft charges that never made it to the courts regarding the brazen looting of Rivers State treasury by the state’s former governor, Peter Odili. The documents show how Mr. Odili used a combination of government officials and personal companies disguised as fronts to fleece Rivers State to the tune of N100 billion between 2004 and 2007.

Saharareporters’ analysis of the draft charges, which were prepared by well-known Nigerian lawyer Festus Keyamo, reveal that, between December 2004 and September 2006, Emmanuel Nkatah, a personal staff of the governor operating at the Rivers State liaison office in Abuja, alone withdrew over N4 billion naira from Zenith Bank account No. 6010916567 which belonged to Rivers State Government House.

How President Jonathan As Governor Gave Obaigbena $1m From Poverty Alleviation Funds For Beyonce, Jay Z's Nigeria Visit

SaharaReporters has uncovered a document indicating that a million dollars of Bayelsa State’s poverty alleviation fund was spent by then Governor Goodluck Jonathan on bringing American entertainers Beyonce and Jay Z to Nigeria in 2006.

In a letter stamped and signed by Bayelsa officials, N150 million (approximately a million dollars in 2006) was released from the state’s poverty alleviation fund for the first ThisDay Music Festival in Lagos.

PHOTONEWS: Ibori -"The Thief In Government House" And His Loot

Woodhill Crescent, Kenton: One of Christine Ibori-Ibie's London properties

Abbey Road, one of James Ibori's London properties

........UK would not exist anymore – David Cameron, UK Prime minister

How not to build a nation: Reflections on Nigeria @ 52 (1)

“EXCEPT IN THE EYES OF THE EXTREMELY NAIVE AND INCURABLE SWINDLERS IN THE CORRIDORS OF POWER, THIS COUNTRY HAS ALREADY COLLAPSED; ONLY THAT THE HORROR OF ITS PROBABLE DISINTEGRATION WOULD BE DIFFICULT TO FACE.”

 This fascinating quote by journalist and activist, Godwin Onyeacholem, truly captures the Nigerian reality today. It’s been 52 years in the making.

Today, October 1, 2012, the Nigerian State under the supervision of President Goodluck Jonathan will perform the ritual of celebrating the country’s independence. It is noteworthy that the Jonathan administration has decided not to go for the pomp and circumstance associated with such celebrations which really would have added more insult to our collective injury. But typical of our ruling elite, the planned sombre celebration is just another ruse, meant to pave the way for a more elaborate, yet misguided, multi-billion naira celebration in 2014 to mark the centennial anniversary of the creation of Nigeria in 1914.

ALLEDGED WORLD BANK DOCUMENT NAMES TOP NIGERIANS AND THEIR LOOT IN FOREIGN BANKS

A list of Nigeria's prominent citizens and the monies they allegedly looted from the treasury and stashed in foreign banks in London, the United States and Germany was said to have been allegedly despatched to President Umaru Yar'Adua recently by the World Bank.

World Bank Links N9.13t Loot To Nigerian Leaders

The World Bank has exposed three former Nigerian leaders, five military chiefs, and 13 top government officials, who allegedly stole about N9.13 trillion ($58.9 billion) in a list released on Monday.

About N4 trillion was traced to one of the leaders.

Nigeria’s budget this year is N4.9 trillion.