IYABO! IYABO!! IYABO OBASANJO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Dan-Borno]

Each time a reputable Nigerian is is brought out publicly
for accusations relating to financial corruption, my hope
for a better Nigeria keeps on fading into the darkness.

When her father boldly inaugurated the EFCC, the average
Nigerian become highly elated and sense of confidence on
the Nigerian Government started showing signs of restoration.
But after a certain period and activities, perception of
people starting changing with lots of questions unanswered.

The arrest of Tafa Balogon and many other prominent Nigerians
is a welcome development and requires a thumps up to the
various security organisations.

Let me get back to my main thread, now Iyabo Obasanjo, the
daughter of our former President who tried all his best to see
the EFCC functions very well, is in the middle of corruption
saga, the first of its kind.

She is human being indeed, and bound to make mistake like
any other person, but this case is mind disturbing, for the
whole issue and transactions were done while her father is
busy propagating against corruption both within and outside
the country.  It was during that time that billions of dollars
were retrieved from so many families, including the Abatchas.

When Obasanjo was on the hot seat of Presidency, he
successfully diverted all our minds to the issue of EFCC,
while underground, so many corruptions were going on and
perpetrated by his kindreds including his own daughter.

No wonder enormous amount of money was spent in the
energy sector, but instead of improvement, its impoverished
we get.

Now we look forward, who knows wether she is acting on
her fathers instruction.  EFCC should carry on, if this case
is established and Obasanjo is somehow involved in this
deal, he should be brought to book as he brought so many
prominent Nigerians.

We look forward to EFCC and His Excellency (Abokin Nura).

[EMTL]

Assalamu alaikum,
Iyabo: Like father like Daughter- barewa ba zatayi gudu ba yarta tayi rarrafe...

Nigeria: Iyabo Obasanjo Named in N3.5 Billion Contract Row
Dr. Iyabo Obasanjo-Bello, daughter of former president Olusegun Obasanjo and senator representing Ogun senatorial district, has been named in a controversy surrounding N3.5billion contracts in the power sector.

In a matter which has gone before the International Court of Arbitration in Paris, France, her business partner, M. Schneider, an Austrian company, has petitioned the Presidency and the Economic and Financial Crimes Commission (EFCC) over what it called the "fraudulent, corrupt and criminal nature involving Senator (Mrs) Iyabo Obasanjo-Bello (alias Mrs Damilola Akinlawon), then serving as a Commissioner with the Ogun State Government".


The Austrian company alleged that Iyabo Obasanjo "fraudulently" presented herself as Mrs Damilola Akinlawon while entering into contractual agreement with it to float a company which put in bids for contracts in the power projects embarked upon by the government headed by her father.

In the petition dated 30th August 2007 and copied to other anti-corruption agencies like the ICPC, Code of Conduct Bureau and Chairman of the Senate Committee on Ethics, M. Schneider of Austria alleged that Iyabo concealed her identity and presented herself as Mrs Damilola Akinlawon with the "sole consideration of shielding her father, former President of Nigeria, from being perceived as having breached relevant laws in the award of power projects indirectly to her daughter".

The company pleaded with the anti-corruption agencies to investigate the case with a view to ascertaining whether Nigeria's laws were broken by Iyabo "acting either for herself or on behalf of the then President".

Many letters exchanged between the parties indicated that the business which has pitched its promoters against each other was packaged by an acquaintance of the Obasanjo family, Prince Albert Awofisayo, who is also chairman of Vamed Engineering Ltd which got contracts to refurbish 17 teaching hospitals in the country for N27billion.

The involvement of Iyabo in the power project was said to have been at the instance of Awofisayo who in several correspondences with M. Schneider of Austria allegedly insisted that the involvement of Obasanjo-Bello was the guarantee that the company would secure the power project contract.

Awofisayo had entered into negotiation with M. Schneider of Austria to set up a Nigerian company named M. Schneider Energy (Nig) (MSEN) Ltd as a special purpose company to secure power project contracts in Nigeria.

In an e-mail message to Mag Andreas Altenhuber, Managing Director of M. Schneider of Austria, dated June 1st, 2006 and presented as exhibit in the petition to the EFCC by the Austrian company, Awofisayo had explained that "the reason for inviting Akiya [a company owned by Iyabo Obasanjo-Bello and one of her siblings, Busola] was the strategic role Akiya could play in M. Schneider Nigeria's affairs in seeking for projects and facilitating Government's approval".

For this strategic role, Akiya was given 10 per cent equity in the company at incorporation. Akiya was also to collect a 10 per cent commission on any contract secured for M. Schneider (Nig) Ltd.

M. Schneider Nigeria eventually won two of the bids for power projects while it was on the line to win another two before disagreement among its shareholders put spanners in the works.

The company was awarded the contracts relating to Substations in Benin North and Line Bay at Obudu respectively at values totalling over 15 million euros in offshore cost and over N762 million in local cost.

The breakdown of the contracts is: Lots 19-2-Offshore Price, 13,595,940.31 euros and local price of N569,440,123.00. The second contract, Lot 20-2 has a price of offshore 2,077,416.34 euros and local price of N193,535,970.00, bringing the total value to 15,673,356.60 euros and N762,976,093.00.

However, a disagreement over money sharing and control of the company soon set in and the parties to the business deal soon landed themselves in court.

The contracts were eventually cancelled.

[HUSNAA]

Kai da mutuniyar taka DB? yau an jiku a rana? Ba kanwar ta ka ke hari ba ta zama ta uku? ;D ;D ;D ;D

[Dan-Borno]

Baki da labari, ai Malam Mudacris ya kwace min
ita, it seems yanzu suna tare doing fine, that is
why he couldnt make a comment on her EFCC
palaver.  8)