Friday, 19 August 2016

Senator who laundered billions for Abacha uncovered

photocredit bbc


All Progressives Congress senator representing Niger East Senatorial DistrictAll Progressives Congress senator representing Niger East Senatorial District has arole to play in laundering money for the country’s most notorious dictator ever, Sani Abacha.

The senator who is currently the Chairman of the Senate Committee on Human Rights and Legal Matters, helped the Abacha family to
move huge funds around.

In December 1996, Mr. Umaru opened an account on behalf of Allied Network Ltd at the Union Bancaire Privee (UBP) in Geneva, Switzerland, which was used to receive the payment of the kickbacks from Dumez and another account at the same bank which was used to receive the payment from the Nigerian government.
According to court papers, between August 16, 1996 and May 22, 1998, the Central Bank of Nigeria transferred $389,737,400 to Dumez account at UBP, Geneva. Of that amount $97,375,543 or 25 per cent of the original payment was transferred by Dumez to Allied Network Ltd account in the same bank.


Documents obtained by PREMIUM TIMES from the leaked database of now infamous Panamanian law firm, Mossack Fonseca, revealed that Mr Umaru incorporated two shell companies in the British Virgin Islands (BVI), a notorious offshore tax haven, and in tiny South Pacific Ocean country, Niue Island.

source.premiumtimes

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