Finer details
of the mega-swindle of Nigeria by Messrs. Olajide Omokore and Akanni Aluko have
emerged. The details are contained in the assets forfeiture proceedings filed
against Mrs. Diezani Alison-Madueke and Messrs. Omokore by the United States
Department of Justice in Houston.
According to
the US court processes, both men engaged in money laundering and bribery of a
government official. They were found to have bribed Mrs. Alison-Madueke with
high-end homes in the United Kingdom, renovated to her taste at dizzying costs;
pricey furniture items and other indices of other-worldly lifestyle. Court
document obtained by a source shows that between Televeras, Arcadia and
Glencore, Aluko's account in Switzerland received at least $1.2billion in funds
that found its way to funding Ms. Diezani's tasty lifestyle.
The immodest
luxuries provided Mrs. Alison Madueke
who, as Petroleum Resources Minister between 2010 and 2015, used her
influence to facilitate inappropriate business opportunities for Messrs. Aluko
and Omokore by assigning to their companies, Atlantic Energy Drilling Concepts
(AEDC) Limited and Atlantic Energy Brass Development (AEBD) Limited, eight oil
mining leases (OMLs).
The OMLs were
assigned under Strategic Alliance Agreements (SAAs) with the Nigerian Petroleum
Development Company (NPDC), a subsidiary of the Nigerian National Petroleum
Corporation (NNPC). Despite lacking the technical expertise and financial
capacity to operate the OMLs, as noted in a February 2014 report of the
Governor of the Central Bank of Nigeria, Mrs. Alison-Madueke greenlighted the
process for her cronies.
What
followed, said US prosecutors, was the sale by AEDC and AEBD of the oil-lifting
allocations they were assigned under the Forcados and Brass SAAs to third-party
oil trading companies. They made tonnes of money, by not fulfilling the
obligations stated in the agreements, using some of it to bribe Mrs.
Alison-Madueke.
Court papers
show that Talaveras Group, one of the third-party oil trading companies, paid
copious sums into Mr. Aluko’s personal accounts. Talaveras Group, registered in
Nigeria, is controlled by one of Nigeria’s youngest billionaires, Igho Sanomi.
The stream of payments, prosecutors observed, began shortly after the award of
the Forcados SAAs. Over a period of six months, Mr. Aluko received the sum of
$15million in his personal account domiciled at LGT Bank (Schweiz) AG in
Switzerland (the “LGT -090038 Account”), from which various purchases for Mrs.
Alison-Madueke were funded. The money came from Taleveras Group and its
affiliates, including Taleveras Trading Limited and and Taleveras Petroleum
Trading BV.
On July 12,
2011, prosecutors found that the sum of $1.5million was wired from Taleveras to
Mr. Aluko’s account. Two days later, the sum of $1million also arrived the
account from RFB Lengard JVA in which Mr. Igho Sanomi, founder and chairman of
Taleveras, owns 30 per cent stake. Another $1million arrived on July 20, 2011,
from Taleveras Trading Limited. This was followed on 15 August 2011 by
$1million wired by Taleveras to Mr. Aluko’s account in Switzerland as payment
for a Joint Venture contract with RFB Lengard. The same day, he received
$650,000 from the same source.
On September
12, 2011, Taleveras Trading Limited paid $1million and $1.6million four days
later. On 5 October of the same year, Mr. Aluko’s account was credited with
$1.5million by Taleveras Petroleum Trading BV and $500,000 six days later. The
next lashing of cash arrived on 14 November 2011, when his account received
$2million wired by Taleveras
Group. On
January 3 and 10 2012, $600,000 and $1million respectively were paid by
Taleveras Petroleum Trading BV.
Prosecutors
reckoned that the payments were made to Mr. Aluko in return for assigning the
AEDC’s rights to Taleveras and RFB Lengard to lift oil under the corruptly
acquired SAAs.
They
discovered that each of the transactions was subsequently transferred into and
out of correspondent bank accounts at a financial institution, which processes
its U.S. dollar wire transactions through Newark, New Jersey.
According to
prosecutors, AEDC entered into an agreement with the Arcadia Group and its
subsidiaries, from which AEDC purportedly took loans. In return, Arcadia was
repaid with assignments of AEDC’s crude oil liftings under the dodgy SAAs. The
company describes itself as a “global commodity trading firm covering oil, agricultural,
gas and power markets”.
“In
particular, two months after the last payment from Taleveras, Arcadia Energy
(Suisse) SA and Arcadia Petroleum Limited began making payments to an account
held in the name of AEH at LGT Bank (Schweiz) AG ending in -108031 (the LGT
-108031 Account),” said prosecutors.
On April 18,
2012, Acardia paid $10million into the above stated account. On May 14 of the
same year, it paid $1.3million and on July 23,
$2.4million. On July 24, 2012, the company
paid $1.3million into the same account. Less than a month later, it paid
$2.9million into the same account and followed it up with a whopping $25million
September 17, 2012.
The next day,
it paid $2.091million into the same account. This preceded a hefty transfer of
$23.4million on January 8, 2013. A couple of days later, Acardia paid
$1.6million and on February 4, 2013, wired $2million to the account. This was
followed by the payment of $1.1million, $6million and $1.7million respectively.
The stunt
continued with payments to a company, Glencore, by AEBD, which sold to Glencore
over 7million barrels of crude oil acquired through the Brass SAA. Glencore’s
payments for these allotments, said prosecutors, were made to an account in the
name of AEBD ending in 184001 at Deutsche Bank (Suisse) SA and an account
ending in -630350 in the name of AEBD at Standard Chartered Bank, London. They
were also made into accounts in the name of AEBD ending in 677644 at Standard
Chartered Bank, London; and 9941 at Stanbic IBTC, Nigeria.
Glencore, for
example, paid $83.6million to AEBD on April 5, 2013; $80.5million, $79.4million
on July 4, $19.8million July 17,
$19.5million on July 19 and $83.4million on July 21.
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