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
SaharaReporters 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.
