Skip to main content

Reasons why Atiku Abubakar is not allowed in America.

Recently after his decamp to Peoples Democratic Party (PDP) an issue came up that the former vice President, Atiku Abubakar is banned from entering the United State of America due to corruption charges against him since from 2003. However, Atiku Abubakar denied the allegation in a recent interview. Here is what we found from the website of the Senate United stated of America. 
According to an article published on United State Senates page:
Abubakar Case History. From 2000 to 2008, Jennifer Douglas, a U.S. citizen and the fourth wife of Atiku Abubakar, former Vice President and former candidate for President of Nigeria, helped her husband bring over $40 million in suspect funds into the United States through wire transfers sent by offshore corporations to U.S. bank accounts.

In a 2008 civil complaint, the U.S. Securities and Exchange Commission alleged that Ms. Douglas received over $2 million in bribe payments in 2001 and 2002, from Siemens AG, a major German corporation. While Ms. Douglas denies wrongdoing, Siemens has already pled guilty to U.S. criminal charges and settled civil charges related to bribery and told the Subcommittee that it sent the payments to one of her U.S. accounts. In 2007, Mr. Abubakar was the subject of corruption allegations in Nigeria related to the Petroleum Technology Development Fund.
Of the $40 million in suspect funds, $25 million was wire transferred by offshore corporations into more than 30 U.S. bank accounts opened by Ms. Douglas, primarily by Guernsey Trust Company Nigeria Ltd., LetsGo Ltd. Inc., and Sima Holding Ltd. The U.S. banks maintaining those accounts were, at times, unaware of her PEP status, and they allowed multiple, large offshore wire transfers into her accounts. As each bank began to question the offshore wire transfers, Ms. Douglas indicated that all of the funds came from her husband and professed little familiarity with the offshore corporations actually sending her money. When one bank closed her account due to the offshore wire transfers, her lawyer helped convince other banks to provide a new account.

In addition, two of the offshore corporations wire transferred about $14 million over five years to American University in Washington, D.C., to pay for consulting services related to the development of a Nigerian university founded by Mr. Abubakar. American University accepted the wire transfers without asking about the identity of the offshore corporations or the source of their funds, because under current law, the University had no legal obligation to inquire. 
Labels:

Comments

Post a Comment

Popular posts from this blog

Arsenal’s Wenger concerned by Chinese spending power

Arsene Wenger fears the huge wages being offered by big-spending Chinese clubs could cause problems when the Premier League teams look to negotiate new contracts with their star players.  Wenger is currently locked in talks with Arsenal duo Mesut Ozil and Alexis Sanchez as the pair reportedly seek parity with the best-paid players in the Premier League. The Arsenal manager is hoping for successful resolutions to those contract stand-offs, but he believes the money on offer in the China Super League may persuade the Premier League’s star names to ask for even bigger pay packets to stay in England. Chelsea striker Diego Costa has been linked with a move to China, with an offer of £600,000-per-week ($739,000) reportedly on the table for the Spain international. Two of his former Chelsea team-mates, Oscar and John Obi Mikel, have already moved to Super League outfits, while former Manchester United striker Carlos Tevez became the highest-earning player in the world when h...
Post a Comment
Read more

Hausa Tribe Accused Britain of disrespecting their Culture and Religion

The people of Hausa tribe react to BBC HAUSA Sexual behavior research done by   Claremont Graduate   University in California on facebook. According to the research, Bisexuals enjoys the pleasure of sex mother than anyone. Some Facebook users of the Hausa tribe accused Britain of disrespecting the culture and the religion of Hausa’s. One of the users,   Aminu adam tangar   wrote in hausa: I’m not surprised, the media organization belongs to Britain, but whatever is the case: they should learn to respect our culture and religion. (Translated) Hamza Danbatta   also wrote: This is totally against the hausa culture, if this media organization is really for Hausa listeners then you’re not trying at all, may God deliver you. (Translated)
Post a Comment
Read more

Record signing, Oscar lands in Shanghai to join SIPG

 Brazilian midfielder Oscar landed in Shanghai on Monday where the 25-year-old was set to smash the Asian transfer record with a reported 60 million euros ($63 million) deal with Shanghai SIPG. Dozens of supporters chanting club songs swarmed the former Chelsea player at the city’s Pudong airport. Oscar’s arrival in the Chinese Super League comes ahead of that of Argentina’s former Manchester United striker Carlos Tevez, who signed for Shanghai Shenhua in another big-money deal last week.  Tevez’s transfer fee was 10.5 million euros, according to the website transfermarkt.com, which tracks dealings in the sport, though the reported two-year contract of 38 million euros per season ($40 million) makes him the world’s highest salaried footballer. SIPG’s general manager on Monday dismissed concerns raised by state media of a market bubble in the super-rich Chinese league, arguing prices have to be higher to attract players away from big European leagues. “The leagu...
Post a Comment
Read more