Barawo Ni Kachalla!
SPECIAL REPORT: Inside five international corruption cases involving Atiku, ex-wife
This report examines five cases in which Atiku and his former wife, Jennifer, were linked to suspicious international financial transactions involving offshore companies and bribery allegations.
On 17 September, an International Chamber of Commerce (ICC) Arbitration Tribunal in Paris named Atiku Abubakar, the African Democratic Congress (ADC) presidential candidate, in its final award regarding suspicious dealings surrounding the Mambilla Hydroelectric Power Project contract.
The tribunal mentioned Atiku, who was Nigeria’s vice president when the contract was awarded to Sunrise Power and Transmission Company Limited, in its findings on the circumstances surrounding the stalled project, expected to boost Nigeria’s electricity generation.
Specifically, the tribunal found that Leno Adesanya, the promoter of Sunrise Power and Transmission Company Limited, made a $500,000 payment on 30 January 2003, from the Swiss bank account of his offshore company, China Castle Investments Limited, to a US bank account belonging to Atiku’s former wife, Jennifer Douglas.
Atiku and Ms Douglas, a dual US-Nigerian citizen, have for years been linked to several suspicious international financial transactions, particularly in the United States, where that country’s authorities flagged large sums transferred through offshore companies.
The former vice president and Ms Douglas officially got married in 2003 and later divorced in June 2021.
Documents reviewed by PREMIUM TIMES, including a report by the US Senate Permanent Subcommittee on Investigations, show that Ms Douglas opened more than 30 US bank accounts in her name or in the names of the Jennifer Douglas Abubakar Family Trust, the Gede Foundation and the American University of Nigeria (AUN).
The committee’s report, released on 4 February 2010, showed that Ms Douglas lived in a luxury home in Potomac, Maryland, an affluent suburb of Washington, DC. It also found that she repeatedly told banks where she opened accounts that her husband, Atiku, transferred millions of dollars to her accounts through offshore companies.
Read more from the report 👇
https://t.co/aSEvNl21us