Nigeria Elections 2023: The Allegations Against The Presidential Contenders - 9jaflaver



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Nigeria Elections 2023: The Allegations Against The Presidential Contenders



Nigeria Elections 2023: The Allegations Against The Presidential Contenders

settlement between Alpha-Beta and Mr Apara last June, leading to the termination of the parties’ claims against each other.

The BBC asked Mr Tinubu about the settlement, the US allegations and the questions over his wealth but he did not reply to a request for comment.

Atiku Abubakar and the US Senate

Mr Abubakar touts himself as the most experienced candidate on the ballot, having served as vice-president between 1999 and 2007 – and it is this period around which there is some controversy.

His former boss, ex-President Olusegun Obasanjo, accused him of embezzling $145m from the Petroleum Technology Development Fund (PTDF) in 2003.

Mr Obasanjo, who does not shy away from publicly sharing his opinions about other politicians, dedicated a chapter in his book My Watch, published in 2014, to the alleged transgressions of his former deputy.

Mr Abubakar denied the accusations, saying $145m was placed in commercial banks to accrue interest so it could be ploughed back into PTDF projects.

The 76-year-old said he first made money from farming and owning houses in his home state of Adamawa. A former customs officer, he said that he recognised early in life that he had “a good nose for money”.

It was in the 1980s that he established an oil-servicing firm that catapulted him into the world of the wealthy.

Opponents have accused him of flouting a law that prohibits civil servants from engaging in private business other than farming.

Mr Abubakar’s spokesperson described his venture as a small business that many public servants engage in, such as using their car as a taxi or setting up a shop in front of their house to support their families.

“He only invested his income to earn interest. He was not doing any other work in form of private work like you are inferring,” Paul Ibe told the BBC.

In 2010, a US Senate committee report alleged that between 2000 and 2008, Mr Abubakar, through one of his four wives, transferred more than $40m in “suspect funds” into the US from offshore shell companies.

The report claimed that at least $1.7m of this came from bribes paid by German technology company Siemens, which pleaded guilty to bribery charges in 2008 and agreed to pay a $1.6bn fine.

He was also a major figure in the corruption trial of former US Congressman William Jefferson, who in the Senate report described Mr Abubakar as “really corrupt” and said he needed money to bribe him to approve a US company’s business deals in Nigeria.

Mr Jefferson was convicted in 2009 and sentenced to 13 years in prison, which was subsequently reduced.

Mr Abubakar has repeatedly denied any wrongdoing and neither he nor his now-divorced wife face criminal charges in the US.

“Atiku Abubakar is not on trial for corruption or any other misconduct either in Nigeria or any foreign land,” Mr Ibe said.

“He can only be unfit for public office when he is indicted by a court of law. That is not the situation.”

Peter Obi and the Pandora Papers

Peter Obi, who has also served two terms as governor – in his case in the eastern Anambra state, does not hide his immense wealth, which he says has been made through banking and importing various goods into Nigeria.

Dubbed “Mr Clean” by his supporters for being a rare Nigerian politician without accusations of embezzling public funds, it came as a surprise to many when his name came up in 2021 in the Pandora Papers. This was a leak of almost 12 million documents that revealed the hidden wealth, tax avoidance and, in some cases, allegations of money laundering by some of the world’s rich and powerful.

Nigeria’s Premium Times, one of the newspapers that worked on the Pandora Papers investigation, alleged the documents showed that in 2010, when Mr Obi was Anambra governor, he set up a company, named after his daughter, in the British Virgin Islands to help him avoid tax.

Making use of a tax haven is not illegal, though setting up foreign bank accounts when serving as a public officer is not allowed.

The Premium Times said this showed Mr Obi had failed to declare his assets, and it also alleged that he had failed to resign from the UK-registered company Next International, of which he was director when he became governor – engaging in private business, which is not allowed for public officers. His resignation was registered 14 months into his term.

The 61-year-old has never been charged over any of the revelations.

Mr Obi told the BBC an impeachment trial had investigated the allegations surrounding his business affairs in 2006 and found he had acted within the law.

He added that he had established a blind trust to oversee his business arrangements, including the family’s offshore holdings. “A blind trust is allowed within the law,” he said.

Mr Obi has also been accused of a conflict of interest after investing $20m of state funds while governor in a brewery, in which his family hold shares through Next.

He denies the allegations, saying the investment greatly benefited Anambra over the years.

There has also been criticism that Anambra invested in Fidelity Bank, where he was once chairman.

“Anambra state invested in Fidelity Bank, where I have interests, because it is a public quoted company,” he told the BBC, dismissing any suggestion that any of the revelations about his finances cast doubt about his fitness for office.

Source:- BBC


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