Call A Thief A Thief: 2.5 Billion Recovered From Abacha’s Loot, Looted By Obasanjo?

Oct. 25, 2013

Where Is Our Money Sir?

The Federal High Court in Abuja has finally declared that the $15 million bribe money offered to the pioneer chairman of the Economic and Financial Crimes Commission, Mr. Nuhu Ribadu by former governor of Delta State, James Ibori, be forfeited to the federal government.

The hefty bribe has been a subject of litigation as the government of Delta State approached the court asking that the money be awarded to the state because it was taken from its treasury.

In its ruling, the court said that since the funds were proceeds of crime, it cannot be returned to the criminals that used to it to commit the crime of bribery.

It would be recalled that over $2.5 billion that was recovered from the Sani Abacha looting investigation by the Olusegun Obasanjo government has never been accounted for.

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Obasanjo, The First ‘419’ President By SOS/Sonala Olumhense

As Time marches on, it becomes clearer just how tragic the presidency of Chief Olusegun Obasanjo really was. In a speech last week, he dismissed Nigerian leaders who were not good enough. Everyone but he.

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But his are the shark-infested waters in which we now sink, and for as long as he tries to write the history of Nigeria to suit his bloated ego, we must never tire of reminding the world of the true story. Here are just 10 elements:

Obasanjo, The Hypocrite, benefitted the most from the elections of 2003 and 2007, which local and international observers complained were rigged.
Obasanjo was his own Minister of Petroleum Resources throughout his tenure, without accountability, and it was during that watch that the dirty practices now being unveiled by various probe panes started.
In the famous case of Works Minister Tony Anenih, The Hypocrite complained he had budgeted N300 billion for roads during his first term, but he never asked “Mr. Fix-It” about the money.
Obasanjo saw no contradiction in using the Petroleum Trust Development Fund as his own ATM.
Obasanjo brags about recovering up to $2.5 billion from Abacha alone; he never says anything about how the money disappeared.
Obasanjo has not said one word about the injustice of Anambra’s horrendous Okija Shrine or the report of the federal high-level panel that he suppressed.
Obasanjo says nothing about the assassinations during his tenure that included the Attorney General and Minister of Justice, Bola Ige.
Obasanjo says nothing about the Haliburton scandal, for which various reports have indicted him, or about his so-called “anti-corruption” agencies which only targeted his enemies.
Obasanjo’s economic reform, NEEDS, died within months of being launched, and he never mentioned it again.
Obasanjo spent between $10 and $16 billion under the ruse of an electricity scheme; some of those he paid allegedly did not even clear a patch of land.

All of this is despite his arriving in office in 1999 swearing he would be different. At his inauguration, he told Nigerians: “You have been asked many times in the past to make sacrifices and to be patient. I am also going to ask you to make sacrifices, and to exercise patience. The difference will be that in the past sacrifices were made and patience exercised with little or no results. This time, however, the results of your sacrifice and patience will be clear and manifest for all to see…I will give the forthright, purposeful, committed, honest and transparent leadership that the situation demands…” Read full on Sahara