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Preisdent of Vice: The War on Corruption and Obasanjo's Complicity
Written by Jonathan Elendu and Sowore Omoyele
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| Tuesday, 06 September 2005
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Why is Nigerias President Obasanjo
talking about corruption, and yet people dont believe him? After all, he is
the first President in the history of Nigeria to accuse his
inspector-General of Police of corruption. Why is Segun Aina, the former
managing director of Fountain Merchant Bank, living in opulence in Atlanta,
Georgia and Toronto, Canada, while his friend, Tafa Balogun, is facing tons
of charges of corruption? Our investigations reveal that the Presidents war
on corruption may be just for show.
Pres. Obasanjo
One beautiful afternoon the President asked a former Justice
Minister to ride with him in his presidential helicopter. I would like
to show you something, the President said. Soon the chopper was hovering
over a huge expanse of land in Eruwa, a town in Oyo State. Below there
were about a million teak trees that had just been planted by
construction giant Julius Berger. Shortly after this trip, the former
Minister was granted a license to operate a private university and
Julius Berger got a multi-million dollar contract to construct the
Lagos/Abeokuta highway. Three years later and with millions of dollars
paid, there is nothing to justify such a huge expense.{mosimage}
At Aso Rock, the seat of the Nigerian government, Vice
President Abubakar Atiku is not the only one who uses cronies for
illegal schemes. This is an entrenched practice at The Villa. Pres.
Olusegun Obasanjo is part of this game. Very reliable sources in Aso
Rock told Elendureports.com about one Otunba Fasawe who is reputed to
be Pres. Obasanjos friend. Though not a government official, Fasawe is
said to reside in a government building. No one facilitates access to
the President faster than this guy. Fasawe was the Presidents link man
to the privatization deals orchestrated by Abubakar Atiku, the
Administrations point man during the privatization process.
Elendureports.com was reliably informed by sources that the
President was given information about some dealings of the Vice
President by a foreign government. Pres. Obasanjo confronted Atiku
and told him he was disappointed with his corrupt practices and
requested that Atiku resign. Atiku looked the president straight in
the eye and said, Mr. President, you have benefited from every deal
I have done. The President was aghast and demanded an explanation.
Atiku told the president that he always passed on the Presidents
share of the deals through Otunba Fasawe. The President summoned
Fasawe, who confirmed Atikus claims. What did the President do? Our
source said the Obasanjo in exasperation told Fasawe to leave his
presence. Apparently, the President was outsmarted by his trusted
crony.
President Obasanjo is reputed to have established his Otta
farm with his pension and gratuity payments. The Obasanjo Farm is
one of the biggest farms in Nigeria. For a man whose entire life
was spent in the military, his establishment of such a huge
project raised a few eyebrows. By the time Obasanjo was jailed by
the Abacha junta on trumped-up treason charges, the farm had
started experiencing a down-turn in fortunes. Some assets of the
farms were being sold off by his children during his period of
incarceration. It is public knowledge that the farm was also
involved in lawsuits arising from the sale of assets. There were
claims that the resources of Obasanjos pet project as a military
Head of State in the seventies were diverted. The Operation Feed
the Nations, OFN equipment and money may have funded Otta Farms
Nigeria, OFN. In 1999, following his release from prison, Obasanjo
discovered that he was broke as there were no funds coming from
the farm. All that has changed as the farm has experienced another
reversal of fortunes. Today, Obasanjo Farms, according to
Presidential mouth-piece, Femi Fani-Kayode, earns about two
hundred and fifty thousand dollars per month.
Andy Uba, the presidents adviser on domestic affairs, is
another Obasanjo crony that deserves closer scrutiny. A source
at Aso Rock, told Elendureports.com that Andys job as domestic
adviser involves other personal interests of the President. The
Presidents reputation in this regard is well-known and needs not
be repeated here. However, Andy, whose brother, Chris, has been
the brain and money behind all the political problems in Anambra
State since 2003, in addition to sharing some other interests
with the President, is reputed to love exotic and expensive
cars. It is believed that he owns about fifteen of such cars
from all over the world.
We have yet to determine the number of children Pres.
Obasanjo has sired, but we know that about six of them live in
the United States. While the Presidents children have managed
to stay out of the pubic spotlight for years, their activities
are beginning to attract public attention. Elendureports.com
last week exclusively reported the purchase of a property in
New York early this year by Olu Obasanjo G. One of the
Obasanjo children manages the Obasanjo mansion in Buckhead,
Georgia. This young man is said to live in Decatur, Georgia.
Gbenga Obasanjo has been seen as his fathers front
man. Gbenga, who operates from Houston, Texas, is behind
the Virgin Atlantic project with Richard Branson, the
British business icon who owns Virgin Airlines, which is
presently Nigerias official carrier. Gbenga is also
involved in Ajaokuta and Delta Steel companies. The Abacha
sons were also involved in deals with the two steel
companies during the time of their fathers stint as
Nigerias military Head of State. It has been reported that
Gbenga accompanies his father on official tours. The
President introduces him to potential investors as one of
Nigerias reputable business leaders. Gbenga also runs oil
deals for his father, the President.
President Olusegun Obasanjo is also said to be
one of the owners of Suntrust Petroleum. The other
partners in the company are former Ambassador Andrew
Young and Carlton Masters, the president of Goodworks
Intl, LLC. The story of Malabu Oil and Dan Etete is
another indication of Obasanjo half-hearted attempts at
fighting corruption. Malabu Oil and Nigeria are locked
in a case in the Federal District Court, New York.
Sources say Dan Etete, a former petroleum minister
during the Abacha regime, had awarded his company,
Malabu Oil, a very lucrative oil block. In 2000, there
was a meeting between Atiku Abubakar and Etete. Atiku
demanded shares in Malabu Oil on behalf of Pres.
Obasanjo. Etete refused and the Obasanjo government
seized the oil allocation from Malabu. Dan Etete has
threatened to expose Pres. Obasanjos investments in a
French bank. There are rumors in certain quarters that
the Obasanjo government and Dan Etete may have reached
made some deals which placated Etete.
During the Presidents first term, his cousin,
Julius Makanjuola, was arrested for embezzling four
hundred and twenty-one million naira (N421, 000,
000.00 ) from the Ministry of Defense. He was released
on bail and to this day, Makanjuola has yet to be
prosecuted for those crimes.
This and other information in the custody of
Elendureports.com adds credence to the assertion
that Obasanjos anti-corruption crusade is selective
and targeted at the Presidents enemies--perceived
and real. It would be recalled that during the
Abacha regime, he established the failed banks
tribunal which was used as a tool to hound the
regimes opponents. Incidentally, one of the people
caught in the web of the failed banks tribunal,
Jimmy Lawal, is now a very close adviser to
President Obasanjo and his government. Jimi Lawal
former founder and managing director of moribund
Alpha Merchant Bank now works very closely with FCT
Minister, El-Ruffai, Finance Minister, Ngozi
Okonjo-Iweala and other top ministers in Obasanjos
government. Lawal is said to be heavily invested in
Canada, China, and even the city of Atlanta,
Georgia. Jimi Lawal, in a chat with
Elendureports.com confirmed that all his assets that
were confiscated by the Failed Bank Tribunal,
including stocks, cash, and other properties were
given back to him by the Obasanjo government.
There are also indications that former
Senate President Adolphus Wabara, who was
implicated in the fifty-five million naira bribery
deal may eventually walk free. Several sources
told Elendureports.com that Wabara was set up by
the Presidency because of suspicions that he was
nursing a presidential ambition. One very reliable
source told Elendureports.com, Everybody knows
Wabara is a very corrupt and greedy man. When he
started talking about running for president in
2007, they set a little trap for him and he fell
for it. He didnt need the money but just like our
president cant resist beautiful women, Wabara cant
resist money. Another source told us Wabara had no
difficulty returning the money because it had not
been spent as at the time the deal came to light.
Other people involved in the deal, like Prof.
Fabian Osuji were part of the collateral damage of
a sting operation that targeted Wabara. Hence, the
belief that Wabara, Osuji and the rest will not go
to jail is widely held in Abuja as their disgrace
has achieved its purpose.
A source close to Vice President Atiku
told Elendureports.com that one of the
Presidents houses in the United States may have
been searched by officers of the Federal Bureau
of Investigation. Elendureports.com has not been
able to independently verify this story. We
shall report our findings as soon as we get more
information.
Obasanjo and his entire Administration
typify the saying that things are not always
what they seem. Unfortunately, Nigerians
remain hostages to a cabal whose penchant for
stealing from the people knows no bounds.
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