Author Topic: Atiku is corrupt  (Read 1207 times)

Naijaman

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Atiku is corrupt
« on: January 09, 2019, 04:41:04 PM »
 This was copy and paste from the report by the :
 Permanent  Subcommittee on investigations,United  States Senate - Keeping foreign corruption out of the United States-
Pg.3
                   Atiku:


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.
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