Connect with us


How Atiku stole $16bn power fund under Obasanjo’s watch.



You won’t be mistaken if you call Nigeria the corruption capital of the world, a title that befits the most populous black nation on earth, it’s a square peg in a square hole, a match made in heaven.

It is almost impossible to mention an elected or appointed public office holder in Nigeria without associating them with one, two or more corruption cases, it seems they work in tandem; politicians & corruption, a perfect friendship.

The level of corruption in Nigeria is at a point where we don’t even acknowledge corrupt practices as one, it is now normal and so trivialized that even civil-servants at junior level get themselves involved in practices that are against the financial code of conduct knowing fully well that they’d get away with almost anything, after all, these illegal activities are carried out with supervision or endorsements from their senior colleagues.

It was this need to cleanup the system that birthed the Economic and Financial Crimes Commission by president Olusegun Obasanjo.

Ironically, his lieutenant, Atiku Abubakar who was supposed to be the de facto ‘Chief enforcement Officer’ of the anti-corruption crusade became the one of the biggest unsolved cases of the commission as he was alleged to have diverted $16bn power fund.

In Obasanjo’s memoir ‘My Watch’, he fingered his Vice President as a very corrupt personality and accused him of stealing “enough money to feed 300m people for 400 years”.

Was this an exaggeration? That, we may have to wait to find out in the near future, but one thing is certain, Atiku stole A LOT of money during his time as the Vice-president of Nigeria.

Never in the history of Nigerian politics thru the different military regimes, has any President or Head-of-state, accused his vice or deputy of corruption, only Waziri Adamawa gets that honour, one which he adorns with pride as he has never really clarified the source of his massive wealth despite having never been a businessman.

Atiku started his career as a costums officer rising to the second highest position in the service as Deputy Director  before retiring in 1989 after 20 years in the agency, going into politics immediately.

He claims to have started his business as a civil servant, a clear violation of the civil service code of conduct which forbids active civil-servants/government workers from doing any business other than farming.

Atiku has contested the presidency a record 5 times featuring in the ballot twice, 2007 and 2019. He has outspent every politician in Nigeria when it comes to election expenditure and he seems not to be affected by it as his packet is apparently too deep to run dry, but where did this money come from?

The United States Senate indicted Atiku in a $40m money laundering scheme between 2005 to 2012, with his then fourth wife, now ex-wife, Jennifer Douglas, a case that has kept Atiku away from the US soil to avoid arrest as he is yet to testify on his complicity in the crime. He was still serving as the vice-president of Nigeria when this scheme was initiated.

A political party spends north of 40bn for a presidential election and these funds are usually sourced by members of the party and in most cases, from the government purse, when the party is the incumbent.

However, it has been said that Atiku funds his elections from his personal purse and has never needed the financial support of party members, friends or business associates to finance his campaigns activities.

For someone who left government over 15 years ago to remain this consistent in extravagance, he must have cleaned out  the coffers under his watch when he was in office. Obasanjo may be right afterall, Atiku could feed Nigerians for X years and remain unbothered, Waziri Adamawa remains in a league of his own.

Read More: Peter Obi the Phenomenon: A full Revelation

Continue Reading
1 Comment

1 Comment

  1. Ify

    October 10, 2022 at 6:13 pm

    This man is a phenomenon as far as clepto is concerned. He must fail again. Nigeria deserves better.

Leave a Reply

Your email address will not be published. Required fields are marked *


African Union Takes Action: Republic of Niger Suspended Amidst Political Unrest



In a decisive move that reverberated across the continent, the African Union (AU) announced the suspension of the Republic of Niger from its membership ranks.

This momentous decision was unveiled during the African Union’s Peace and Security Council meeting held in Addis Ababa, Ethiopia on Tuesday, August 22.

African Union:Picture Source- Pinterest

The suspension stems from the recent political turmoil that engulfed the nation, with the African Union pointing to the coup orchestrated by Gen Abdourahamane Tchiani on Wednesday, July 26. As part of a series of sanctions imposed on the francophone West African country, the Republic of Niger faced the repercussions of its internal upheaval.

The African Union’s stance was uncompromising, as it made it clear that Western nations seeking to meddle in African affairs should refrain from interfering. This firm message was directed from the heart of Addis Ababa, Ethiopia, where the AU’s call for autonomy echoed loudly.

The events leading up to Niger’s suspension unfolded against a backdrop of political uncertainty and unrest. The coup in Niger, orchestrated by Gen Abdourahamane Tchiani, prompted the Afican Union to take action. Their decision to suspend Niger was not taken lightly and was ratified during the Peace and Security Council meeting in Addis Ababa, Ethiopia on August 22.

The aftermath of the military takeover in left President Mohamed Bazoum in captivity, held under the close watch of the juntas in Niger. Despite international pressure, the release of the president and his family remains elusive. This tense situation compelled the Economic Community of West African States (ECOWAS) to intervene, imposing sanctions on Niger and establishing a deadline for the initiation of military intervention by the sub-regional body’s standby forces.

The suspension of the Republic of Niger from the African Union serves as a stark reminder of the continent’s commitment to upholding stability and safeguarding democratic governance. The swift response underscores the African Union’s dedication to maintaining order and security within its member states, sending a resounding message to the global community about the importance of respecting Africa’s sovereignty.

Continue Reading


Peter Obi: “I Campaigned For Presidency Because I Can Say It Any Day, I Will Solve The Problem Of Nigeria”



In a recent tweet that has caught the attention of many, @MissPearls shares an inspiring declaration made by former Anambra state governor and Labour Party presidential candidate, Peter Obi. According to @MissPearls, Peter Obi proclaimed, “I campaigned for Presidency because I can say it any day, I Will SOLVE THE PROBLEM OF NIGERIA. All these confusion everywhere can BE SOLVED, and I am PREPARED for it”

Peter Obi: I Campaigned For Presidency Because I Can Say It Any Day, I Will Solve The Problem Of Nigeria.

Peter Obi’s bid for the presidency in the recent elections stirred considerable excitement and garnered support from diverse quarters, particularly the youth demographic. The former governor is known for his progressive ideas and pragmatic approach to governance, which resonated with many Nigerians who sought change and effective solutions to the country’s myriad challenges.

Despite his extensive support and well-articulated vision, Peter Obi’s presidential ambitions faced formidable opponents in the election. The Independent National Electoral Commission (INEC) released results that placed him behind the All Progressives Congress (APC) candidate, Bola Ahmed Tinubu, who emerged as the winner, and Atiku Abubakar of the Peoples Democratic Party (PDP), who came second. However, these results were met with skepticism due to apparent electoral irregularities that marred the integrity of the process.

In response to the controversial election outcome, both Peter Obi and Atiku Abubakar filed legal challenges against the INEC’s declaration. This move underscores their commitment to upholding the democratic process and ensuring that the voice of the electorate is accurately reflected. As the election Tribunal Judges prepare to deliver their verdict, Nigeria watches with bated breath, eager to witness justice being served.

Meanwhile, the administration of Mr. Bola Ahmed Tinubu has taken significant policy actions since assuming office. The removal of fuel subsidies and the decision to float the Naira have triggered mixed reactions across the nation. While these measures may be intended to foster economic stability and growth, the immediate consequences have been felt by everyday Nigerians. The cost of living has surged, and the socio-economic effects on the rich and the poor have become more pronounced.

As the Nigerian population navigates these shifts, the aftermath of the election and the ensuing governance strategies offer a critical juncture for evaluating the nation’s trajectory. The voices of discontent, expressed by citizens facing the brunt of these policies, highlight the necessity for leaders to prioritize the well-being of the populace while pursuing economic advancements. It is essential for the government to strike a balance between fiscal prudence and safeguarding the interests of the vulnerable segments of society.

The policy changes implemented by Bola Tinubu have shed light on the delicate balance between progress and the welfare of the people. As the nation waits for the tribunal’s judgment and the dust settles on the recent election, Nigeria stands at a crossroads, with the potential to reshape its future trajectory and address the systemic challenges that have held it back for far too long.

Fore more updates, follow us on Twitter @ReporteraNews.

Continue Reading


Youths in Kano Defy Police Ban to Protest Alleged Tribunal Bribery



Hundreds of determined youths in Kano took to the streets, defying a police ban, to protest what they perceive as attempts to manipulate the state election petition tribunal. This incident unfolded against the backdrop of a ban on protests by the Commissioner of Police, Usuani Gumel, following revelations of alleged plots to obstruct justice through financial inducement in legal proceedings.

Youths in kano

The rally, which unfolded outside the state government house, saw impassioned youths brandishing placards with messages that underscored their commitment to justice and the integrity of the electoral process. Their actions were sparked by concerns over an alleged plan to bribe the state election petition tribunal, casting a shadow over the fairness of the process.

The ban on protests was issued in response to recent revelations made by Justice Flora Azinge, who unveiled purported schemes by lawyers to disrupt the course of justice through financial incentives. The Commissioner of Police cited “confirmatory intelligence products” as the basis for this decision, leaving a contentious atmosphere surrounding the freedom of assembly and the right to peaceful protest.

This ban, however, failed to deter the resolute youths who carried a variety of placards conveying their strong stance against corruption, manipulation, and injustice. The slogans they chanted resonated with their determination to safeguard the sanctity of the electoral process and uphold transparency in governance.

Among the messages displayed, one placard caught the eye with its direct callout: “Gandollar, stop spoiling the name of Tinubu.” This highlights the allegation that financial impropriety is tainting the reputation of key political figures.

In a video circulated online, the enthusiastic protesters chanted slogans that echoed their deep-seated concerns. Chants of “No to corruption,” “No to injustice,” and “No to manipulation” reverberated through the crowd, embodying the youth’s unwavering commitment to fair and accountable governance.

Addressing the gathering, Governor Abba Kabir Yusuf praised the peaceful conduct of the protesters and assured them that their concerns would be relayed to President Bola Tinubu. This gesture recognizes the role of the youth in shaping political discourse and underscores the importance of their voices in the pursuit of a just society.

In conclusion, the youths in Kano have seized the moment to voice their concerns and demands for an unbiased electoral process. Their defiance of the police ban serves as a reminder that public sentiment cannot be easily suppressed. As this incident unfolds, it raises important questions about the delicate balance between freedom of assembly, legitimate protest, and maintaining public order. It also underscores the critical role of the youth in shaping the political landscape and demanding accountability from their leaders.

For the latest news updates, follow us on Twitter @ReporterNews. Stay informed and engaged with evolving stories from all around the world.

Continue Reading