The Economic and Financial Crimes
Commission (EFCC) has insisted that Vice President Atiku Abubakar’s son-in-law,
Abdullahi Babalele’s, was arrested for money laundering.
Many had queried the timing of
the arrest, which coincided with the start of the Peoples Democratic Party
(PDP) candidate’s legal battle against President Muhammadu Buhari’s election.
The Nation reported on Wednesday
that Babalele is under investigation for alleged laundering of €150million.
Babalele was released on bail on
Tuesday after days of interrogation. His passport was, however seized by the
EFCC.
But Mr. Uyi Giwa-Osagie (Atiku’s
lawyer) is still in custody. The agency said about €67,950,000 of the €150m has
been traced to the accounts of him, Babalele, two slush firms and two Bureau De
Change operators.
Of the €67.9m, Uyi’s account
received 26,050,00million Euro between January 9th and 28th, 2019. Babalele is
expected to account for 41,900,000 Euro.
Meanwhile, the EFCC has released
more details of transactions involving Osagie.
A document said: “On receipt of
this intelligence the team booked to Lagos Island market and arrested two BDC
operators namely: Abdullahi Shehu who works with Abdullahi Munaciki of
Hasbunallahu BDC, Abuja and Lawal A. Abdullahi of Three Brother BDC.
“Also the team recovered the said
$1.6million USD but already $141,000.00 USD had been exchanged to Naira at
N358/ per dollar which amounted to N50,500,000.00 while the balance of
$1,459.000.00 USD could not easily be exchanged due to the Naira scarcity in
the market.
“Investigation conducted
regarding the ownership as well as the source of the money so far revealed that
Hasbunallahu BDC who is also the owner of Clean and Integrity Services Ltd
received three transfers amounting to $5,000,000.00 USD on the 4th and 14th
February, 2019 from Guernsey Trust Company Nigeria Limited which is an
investment company that is being managed by Uyiekpan Giwa-Osagie in trust on
behalf of xxx.
”Investigation carried out on the
accounts of Guernsey Trust Company Nig Ltd reveals that various transfers in
millions of dollars and cash payments were made to various individuals and
companies.”
The details of these transfers
are as follows:
“On the 1st February, 2019,
Abdullahi Munaciki of Hasbunallahu BDC received a transfer of $500,000 USD in
his Guaranty Trust Bank Dollar Account Named: Clean & Integrity Services
Ltd with Account number: 325/391103/2/1/0. The transfer came from Uyiekpan
Giwa-Osagie of Guernsey Trust Company Nigeria Limited.
“On the 18th January, 2019, Root
Capital Ltd received the sum of $1,000,000.00 into its account in Keystone Bank
PPC from Guernsey Trust Company Nig Ltd account in Keystone Bank Plc. There
after the naira equivalent was paid into Andrew Pitchford account by Spring
Creek on behalf of Root Capital Ltd.
“On 4th February, 2019 another
transfer in the sum of $1,500.000.00 USD was received into the said Clean &
Integrity Services Ltd account in GTB from the same company Account Guernsey
Trust company Nigeria Limited in keystone bank on Instruction of the said Uyiekpan
Giwa-Osagie.
“The third transfer was made in
bulk on 14th February, 2019 in the sum of $3,000,000.00 USD, similarly from
Guernsey trust company Nigeria Limited in keystone bank to Clean &
Integrity Services Ltd account in GTB.
“Painstaking investigation
conducted on how the said Guernsey Trust Company Nigeria Ltd sourced the above
mentioned $5,000,000.00 USD showed that the company received into its Keystone
bank Euro Account number 1002523061 two Inflows of N13,050.000.00 Euro on 9th
January, 2019 and N13.000,000.00 Euro on 28th January, 2019 totaling
N26,050,000.00 Euro from one off-show company called Intels West Africa
Limited.
“Further Investigation has shown
that the said Euro inflows were converted to about $30,346,150.12 USD and
transferred in tranches of $14,362.500.00 USD, $14,977,194.13 USD, and
$1,000,000.00 USD to Guernsey Trust company Nigeria Limited’s Dollar Account
number: 1003057653 to Keystone bank between 11th January and 12th February
2019.
“On the 18th January, 2019
Guernsey Trust Company Nig Ltd paid the sum of $750,000.00 to Bluebeam Capital
Ltd, the money was subsequently transferred to BLK Prestige Investment
“Also on the 29th January, 2019
Guernsey Trust Company Nig Ltd paid total sum of $2,065,934.00 to Capital filed
Investment Group Ltd account in Keystone Bank Plc and the naira equivalent of
the said amount in the sum of N856, 569,200.00 was paid in tranches to Andrew
Pitchford Ltd account. The company is owned by one Mr. Erhunse Giwa Osagie, a brother
to Mr. Uyiekpen Giwa Osagie.
“Furthermore on the 6th February,
2019, Guernsey Trust Company Nig Ltd paid Bluebeam Capital Ltd the sum of
$1,000,000.00 the money was subsequently transferred to BLK Prestige Investment
Ltd with UBA Zambia while the naira equivalent was paid into the account of
Andrew Pitchford Ltd by Spring Creek Ltd on behalf of Bluebeam capital Ltd.
“Again on the 11th February 2019,
Bluebeam Capital Ltd received the sum of $2,000,000.00 from Guernsey Trust
Company Nig Ltd. On the instruction of Mr. Erhunse Giwa Osagie out of which the
sum of $1,000,000.00 was transferred to account of BLK Prestige Investment Ltd
United Bank for Africa in Zambia while the remaining $1,000,000.00 was
converted into naira and paid into Sterling Bank Plc account of Andrew
Pitchford Nig Ltd with account number 0689724732.”
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