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Is Atiku Abubakar Corrupt?

Atiku's Indictment

On September 18, 2006, Atiku was indicted by the Economic and Financial Crimes Commission, which alleged that he had embezzeled N 71,123,250,000 in campaign funds and made various bribes.

A leading daily newspaper in Nigeria): PTDF: Forensic Investigation Indicts Atiku

Contrary to Vice President Atiku Abubakar’s claim that his indictment by the Economic and Financial Crimes Commission (EFCC) and the Federal Government Administrative Panel of Inquiry is a premeditated political action intended to halt his presidential ambition, the report of a forensic investigation into the Petroleum Technology Development Fund (PTDF) has said that he is culpable for the mismanagement of the fund.

The Report of the Special Audit/Forensic Investigation of Petroleum Technology Devel-opment Fund (PTDF) From 1999 to May 31, 2006, it submitted that the Vice President’s approval for the release of $20m from the treasury and subsequent placement in Trans International Bank without appropriation and approval by the Federal Executive Council (FEC) was improper and amounted to abuse of office.

More Details:

http://www.freerepublic.com/focus/f-news/1717094/posts

http://www.afrol.com/articles/23767

http://www.efccnigeria.org/index.php?option=com_content&task=view&id=1038&Itemid=2

http://againstbabangida.com/content/view/247/28/

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141 answers

It is like asking wheather OBJ or JOE is corrupt. Who among nigerian politician is not a thief with their key manifesto as TREASURY LOOTING?

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Atiku US Reports

http://www.saharareporters.com/sites/default/files/uploads/JEAtiku.pdf

http://www.financialtaskforce.org/wp-content/uploads/2010/02/Levin-report-on-US-facilitators-of-Africa-corruption-FOREIGN-CORRUPTION-REPORT-FINAL-as-of-2-2-10.pdf

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willl all the "oles" in naija stand up pls

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Ahhh, this Topic is revisted. And it is responded to once again quite rightfully. He is corrupt, and I'm glad he didn't win the election. Thank God.

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he is corruption personified.

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Dnt think IBB is going again

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and folks when was the last time you heard from IBB with regard to running for the

presidential election? More praises to OBJ for knocking off IBB, and Atiku from their

further attempts to ruin Nigeria. Its only Obasanjo that could accomplish the task of

taking on this individuals head on.

I have said it before, I have seen some demented people here make the claim that

Abacha's government was better than Obasanjo. A few years from today, Nigerians

will look back and appreciate what Obasanjo has done or what he has started. Yes,

his government has failed miserably in some areas, but on par, his government will

go down in Nigeria's history as a defining era in the country. They have initiated key

reforms that if adhered to can change Nigeria forever especially in the areas of

of mass transportation (rail), power, banking, foreign debt servicing, etc.

I was very disappointed to learn about 8 years ago that Nigerians couldn't find any

one else beside a has-been, Obasanjo to govern again. True to form, Obasanjo

began by governing form air as he effectively replaced the foreign minister. I was

also not surprised at his public outburst then - I remember his famous "go to hell"

comments in the US. I condemned him then, but to my surprise, it will be unfair not

to commend him now for some of his reforms, and also for standing for something.

People like Atiku will only take Nigeria 50 years back. IBB will do likewise. Nigeria's

history will be very kind to Obasanjo, mark my words.

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I think we all should be grateful to OBJ for saying NO to Atiku's candidacy. Nobody is saying OBJ is not corrupt but the fact that Baba is not standing for election makes his case easier for Nigerians to contend with. Atiku who within himself is 100% sure that he is deeply corrupt wants to come back and occupy AsoRock for another 8 years. If we allow this then we should face whatever comes our way as a Nation. The question is if Atiku has been nominated by PDP for election would he have come out to tell us OBJ and PDP is corrupt?? This man is a despirado that will do anything to come to power. If truely Atiku actually worked for his wealth would he be spending money the way he is doing now?? he frequent abroad in chatered flights even within Nigeria is the same thing yet he claims not to be corrupt. OBJ and ATIKU are very corrupt and Nigerians can not risk having any of them come back to power!

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We know they are both corrupt but you can nail Atiku without nailing the boss.Well if he contests fine.I pray daily sha for PDP or Atiku to be knocked out come May 29th.

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@ dblock. i wonder why u are being so personal about this atiku issue. firstly let me say that i am only on the side of nigeria and not on the side of any one person.

have u for one minute paused to wonder how come all these allegations are only coming up in the 7th year of being vice president of nigeria and as such, the closest person to OBJ politically and in govt.

u named various organisations who have either investigated or agreed with reports about Atiku being corrupt. but do these organisations just randomly pick on one person/anybody to investigate? and if so y in the 7th year of service and just when Atiku has fallen out with his boss. i wish some of these organisations will randomly pick on my state governor or misgovernor (as i think the later is more appropriate) chief Lucky Igbinedion for his crimes.

the origin of the problems in nigerian politics is when a contender is prepared to do anything possible to get into office. this tells me personally that he is not doing all of that for my benefit. nobody who only wants to help me will go so much out of their way to do it to the point of declaring it a 'do or die' as our beloved president has. (2007 election)

Atiku may be unfit to be part of the government but so are all the others including those who are waiting to resume office (as they have already been selected by OBJ and other PDP criminals)

i am not for one second advocating in Atiku's favour but what i am saying is that no one should be singled out and no one should be protected. these people are all corrupt including OBJ and his closest friends/allies and relatives. they should all be brought to book or at least disgraced!

so coming back to the question. 'is Atiku corrupt?' my answer is yes. but so is obasanjo and quite frankly, every last one of them!

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is Atiku in london? anyone know his location?

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Wldnt mind seeing both of them thrown out sha b4 d elections.

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@ugo, i talk for myself and everyone who does not want to see any perceived corrupt person become our president

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@Olawa20, pls talk for yourself, am not rejecting Atiku yet. I am only after OBJ's throat and those of his cronies including EFCC and INEC

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is OBJ standing for elections? THis is an emphatic yes. His name may not be on the ballot per say, but he is definitely running for the election of his life and this is why it is a 'do or die' event for him. Let us stop being so naive- Obasanjo knows full well his corrupt enrichment and ill-running of the country will be visited by the opposotion if people like Buhari should win the presidential elections, this is why he is running by proxy, stuffing the polls with his cronies and partners in crime.

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Hi guys,

I ve been following ya contributions for sometime and i quite appreciate d information am getting.but i would like to state that tis forum is not an opportunity to insult anyone.

I am saying this bc of shutmouth who goes 2 the extent of calling some of the contributors a dead brain.

I strongly believe we are dealing with intellectuals who have the interest of the issue being discuss at heart bc it is directly connected to us-our common interest being NIGERIAN

I actually voted atiku corrupt not to satisfy your point shutmouth,but bc it the truth.But i tink the main bone of contention is,he is not the only one involved.It is not possible that atiku all the money without due permission from his boss,baba iyabo.

you guys are the best.

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OBJ has vowed not to sleep in Aso Rock on may 29th but Atiku is planning to come back to stay for another 8 years

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One thing I know i that Nigeria is going to survive. Wether Atiku corrupt o or Baba worse o, All I know is that Nigeria must survive.

Still me

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Tell us

really?

Are you sure if Court appeal states that Atiku is CORRUPT you will not wait for the Supreem court verdict?

It is easy to speak all these grammar from abroad why not come over to Nigeria and blow more grammar?

Then your Atiku must be greater than Nigeria.

It is very easy to say because when "gbeke" starts you will not be affected personaly

even after elections and swearing in you will still and wait to see

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@ Bankole01 u have made the most sense in this thread! spot on. i cant think of one more word to add. we need more of your type.

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Atiku shld be allowed to rest abeg.Whats dis wahala.D President shld step down and let it be laid to rest.They aree both corrupt.

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2007: Atiku's final battle begins

•His N60b wealth exposed • Owns 146 secret homes

•Plot to impeach, arrest him thickens

By EHIS USIAHO and KELECHI DECA

BARELY six weeks to the crucial presidential election to usher in President Olusegun Obasanjo's successor, his deputy, Alhaji Atiku Abubakar, still striving to get the electoral umpire's (Independent National Electoral Commission, INEC) nod to vie for the exalted post, may have received another credibility dent capable of throwing him out of contention. Apparently scared of not just losing the presidential ticket of his party, the Action Congress (AC), Atiku, who is afraid of possible impeachment and subsequent arrest by law enforcement agents, believed to have dossier on his deals, is already worried that his supposed ally in opposition, General Muhammadu Buhari's comment, that he (Atiku) is finished politically, has not helped matters.

He is also worried that his pressure on the international community to intervene in order to save him from INEC's disqualification and embarrassment has not yielded results, yet he is being smeared with more financial scandals. He is now fighting a crucial political battle of his life to remain relevant in the emerging political dispensation.

Already, Atiku's anti tenure elongation lawmakers and supporters in the National Assembly, under the aegies of the Senator Uche Chukwumerije's mandate 007, have commenced intensive lobby of the federal lawmakers to back down on the impending moves to impeach the Vice President.

It was learnt that some influential persons outside the National Assembly have already been enlisted for support in stemming the government desperate bid to muzzle Atiku's political ambition and get him jailed on some trumped up charges of corruption.

A seemingly undaunted Atiku had recently dared security agencies, especially the Economic and Financial Crimes Commission (EFCC), to arrest him on corruption, insisting that he can neither be disqualified by INEC nor impeached by the National Assembly.

However, with INEC's revelation that Atiku's picture and name had been removed from the 2007 polls ballot papers, a subtle way of announcing his disqualification from the presidential race, the Vice-President, who has so far won six legal battles against the federal government's move to checkmate his ambition has decided to fight for justice and relevance in all fronts to remain in contention.

National Daily exclusively reported, in its February 18, 2007 edition, that Atiku may be impeached next month.

True to our report, moves have commenced to impeach the Vice-President since the Appeal court ruling in his favour. To this end, he is mobilizing the northern elites against Obasanjo. His allies in the National Assembly are holding meetings to try to bloc the moves. But reliable sources said that the party caucus in the National Assembly recently met with the leadership of the party and President Olusegun Obasanjo, where the decision to have Atiku impeached was made.

Recent revelations on how he allegedly amassed wealth running into billions of naira since becoming the nation's number two man may have further worsened his case. If information available to National Daily is anything to go by, then Vice-President Atiku Abubakar's perception as a softie, when it comes to corruption, will have a basis. Online news service, saharareporters, claimed to have obtained a document indicating that the vice-president's real financial status, which was modest, prior to his assumption of office, has blossomed to an unimaginable proportion. The report further alleged that the vice-president has exponentially increased in his financial wealth to the extent that he now owns about 146 homes in Yola, Adamawa State, in addition to transactions that run into huge sums. It is believed that the President and his deputy have several dealings they may not open up on, no matter the depth of their disagreement.

After his retirement from the Nigeria Customs service where he had served 20 years, Atiku entered the world of business, with interest in oil services, real estate, agriculture, education, and print media, before he finally arrived at the corridors of power. Then, the vice-president owned one house, each in Kaduna, Yola and Lagos. Eight years on as Nigeria's vice president, Atiku is said to have immeasurably transformed his material status. His high profile $25 million university (ABTI- American University) in Yola, and the $8 million he allegedly paid to the American University in Washington DC for a direct license to use the franchise of the university (known as partnership and management consultancy by AU officials), is a critical reference to the investment profile of a public officer, who reportedly did not seek bank loans to execute these gargantuan projects.

When contacted to comment on the nature of the deal with ABTI- American University, Washington DC-based AU's vice-president for International Affairs, Mr. Robert Pastor, said that the $8 million figure, claimed as the cost of doing business with ABTI-American University, was "inaccurate". He, however, refused to reveal the exact cost of the partnership and management consultancy with Atiku's high-profile institution, which, he bragged, became the best in Africa, after one and half years of operation. He said the exact cost of the partnership was confidential.

In the course of his eight years stewardship, Atiku has managed to corner controlling shares in Bank PHB and Intel, an oil services company, which operates in Angola, Equatorial Guinea, Gabon and Sao Tome and Principe; as well as controlling shares in AP Petroleum, which he was forced to divest recently in a hail of controversy regarding the ethics of his management of the country's privatisation programme. Added to all these is the control of huge assets in real estate in Yola, the largest printing press in Northern Nigeria, and the Faro private water business.

The vulnerability of the vice-president, who, in the last lap of his two-term tenure, has allegedly recorded N60 billion worth of bank transactions, has made it easy for critics to point at elite corruption in order to illustrate the failure of national efforts at constructing a fair, accountable and transparent polity. The vice-president was alleged to have diverted $125 million from the Petroleum Technology Development Fund (PTDF) into his personal businesses.

Chairman of the Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu, told the Senate Ad Hoc Committee on the Probe of the PTDF that "Atiku Abukakar is the Vice-President of Nigeria and was the one overseeing the activities of the PTDF. He inaugurated the Interim Management Committee of the fund in 2000. He played prominent roles in the approvals for the release of PTDF funds and their placement in two banks. The VP had an outstanding interest in the placement of the PTDF funds in these two banks. For one, even the $125 million for the implementation of some specific projects was not utilised for that purpose because of their diversion to and placement in the two banks (TIB and ETB).

As these funds were hitting the two preferred banks, "loans" were packaged by TIB, even without adequate collateral, for Atiku's long-time friend and business associate, Otunba Oluwole Johnson Haliru Fasawe, through NDTV and Mofas. In Mofas, one of the directors is Alhaji Adamu Abubakar, Atiku's son. Though the name was not stated as a director of Marine Float, evidence abounds that the account is controlled by him. First, the VP admitted he paid N30 million for the property from that account; secondly, most of the beneficiaries from the account are his friends and associates. Ribadu further stated that: "similarly, as the funds were hitting ETB, Otunba Mike Adenuga made $20 million deposit for Globacom licence, the Second National Carrier. A little scrutiny of the equity ownership structure of the company revealed that Otunba Mike Adenuga lied about the ownership of the company. When the transfer of the $50 million by PTDF from its account in UBA Plc, New York was made in ETB, Mike Adenuga gave the Vice-President the sum of N322 million (i.e. N300 million on 27/11/02 and N22 million on 06/03/03) through his Marine Float account, domiciled in Bank PHB Plc, through his aides, Akinyera and Ajibade. N21 million was paid to the VP through a draft raised in the name of Umar Pariya, his Personal Assistant.”

The Vice-President allegedly held several meetings with the US Congressman, Williams J. Jefferson, both in Nigeria and abroad, in relation to business ventures, which included NDTV and Rosecom.net, an ISP. When the business relationship between NDTV and iGate collapsed, his assistance was sought to extinguish the outstanding approximately $2 million already paid by NDTV. Even though he denied assistance on extinguishing the amount, he accepted conveying a letter from US Congressman, Jefferson, to the then Minister of Communications, Chief Cornelius Adebayo, in relation with iGate and Rosecom.net business venture.

"The vice president's business interest in NDTV was allegedly confirmed when he made an initial deposit of N30 million on January 1, 2003 from his Marine Float account in Bank PHB Plc for the purchase of the N200 million property being used as NDTV Head Office. His interest also influenced the placement of PTDF funds in TIB from where Otunba Fasawe obtained "loan" and completed the payment of N170 million for the property at Wuse. The Vice-President's interest in NDTV is further buttressed by the fact that he even acted as a referee to Fasawe for the sourcing of the licensing of NDTV in the Nigerian Communications Commission (NCC). Investigation also revealed that the Vice-President severally met contractors of NDTV at Jada, his hometown, on his interest in the company."

The burden of proof on Atiku today, therefore, rests on how he hopes to construct a coherent argument that his two decades of public service in the customs department is enough to make him the multi-millionaire and one of the nation's richest businessmen; and how he wants to lead a nation struggling to crawl out of the quagmire created by a reputation of grand corruption when he could supervise such brazen deals at PTDF and seek to legitimise it as a normal and appropriate state policy.

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Great News (Atiku found corrupt)

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Yes

Atiku has been confirmed corrupt officially by

three panels of investigation set up by the Federal Government of Nigeria

The EFCC found Atiku to be corrupt, (Executive)

The FG Investigative panel also concluded that Atiku abused his office, (Executive)

The Senate Committee on PTDF found Atiku to have misused his position, (Legislative)

No

The law courts have not said anything about Atiku being corrupt yet.

Infact Atiku has won all his court cases against EFCC,  and the Federal Govt.

Yes

Many Nigerians believe Atiku is corrupt since he's a politician,

And there's a generalisation that "All Politicians are corrupt"

No

Some Nigerians (probably beneficiaries) thinks the man is not that corrupt

He throws his wealth around helps people around him and he's a generous man.

Atiku himself once said (interview wit a columnist wit THISDAY)

that he placed his name at Number one when he was asked to do

a list of officers in the Customs living above their income.

corruption: lack of integrity or honesty (especially susceptibility to bribery); use of a position of trust for dishonest gain.

Yes ATIKU is sure corrupt

But can we do another of same thread for "Is OBJ corrupt", El-rufai, Ribadu just to be balanced

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Exactly

OBJ is corrupt but he is not running for the Hot seat again. Just can't afford to have another corrupt dude for 4 years. no way[size=8pt][/size][color=#000099][/color]

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OBJ may be corrupt, phcn may be bad roads may be bad this may be bad that may be bad, but if the government is in a position to get rid of one corrupt leader, even if he's not eh most corrupt, why not get rid of him. 49 corrupt leaders are better than 50, but this is even more urgent as No 50(Atiku) is runing for the ulimate seat, presidency

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Atiku sucks

Atiku sucks

Atiku sucks

Atiku sucks

Atiku sucks

Atiku sucks

Atiku sucks

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Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

Down with Atiku

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LOL.

yes oh my comp is secured.Bt its d truth oh for real.All of em are Ole

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The fact is that all of them are thieves but u cnt beat Obj himself cos hes deir master

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The Senate Ad hoc Committee on the Petroleum Technology Development Fund has come out with its report. Here are some excerpts

”That His Excellency, Alhaji Atiku Abubakar, vice-president of the Federal Republic of Nigeria from 1999 to 2007, abused his office by aiding and abetting the diversion of public funds in the sums of $125m and $20m respectively approved for specific projects to deposits in banks, some of which were fraudulently converted to loans to Netlink Digital Television, Mofas Shipping Company Limited and Transvari Services Limited.”

It also noted that contrary to the argument by Abubakar that PTDF funds were not lost in the various placements, N1.130bn loaned in two instalments to the NDTV; N420m to Mofas Shipping Company Limited; and N300m to Transvari Services Limited by TIB were yet to be recovered.

The committee, however, said that although the loans had been restructured with the acquisition of TIB by Spring Bank Plc., they (loans) might not be recovered outside the restructured framework without endangering the health of Spring Bank.

It, therefore, recommended that the VP be penalised for the offences."

The Presidency is also not spared:

”The President and the FEC acted in disregard of the law establishing the PTDF. Though the ratification by the FEC may mitigate this breach of the law, it however, does not absolve the President and the council of blame.”

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I just feel Obj shld let him be cos to me hes corrupt bt hes nt as corrupt as d don.Besides them attacking each other is nt the best.I wldnt want him to win too bt Obj shld leave him.Do u get

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U said that is not how to do it pls tell me now

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Lol.How am i Mr know All?

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Ok what's the right way mr Know all

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Not the right way to do it.

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The reason I want this war against Athiefku to continue is for the fact that he is noturing the plan of coming as a president even after the Embezzlements by him and his boss.

Come May Obj will be going back to Ota and  that settles his case. If we do not want to have another known thief as a leader again, Atk should be droped as well. And the only way to do that is what Obj is helping us do now and that is painting him black before the whole Nation

Gob Bless

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Let us tell ourselves the truth atiku was obj's deputy and the constitution does not give him seperate powers from obj, where and how did he steal all the money alone? if that is so then obj is guilty of negligence which is worse than actual fraud.

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What is the basis of this thread? arent we supposed to be better than the brigands, the mobs who mete out jungle justice and lynch people on the basis of allegations of ole! ole! You say the man is a thief yet nobody including ur much vaunted EFCC can produce a single thread of unimpeachable proof of atiku's corruption that can stand up in a court? Please lets stop this atiku bashing we are simply fooling ourselves if we look to him as the source of our problems. All he has been accused of is ptdf and the dilema for me is how can a man be accused of mismanagement in a transaction that yielded profits for the FG? the money has been paid back with interest so wat was stolen, wat was lost?

If ribadu has a case against Atiku or not we will know post May 29th. It pains me that the EFCC and the president have virtually squandered all the credibility that nigerians gave them to the extent that very few people believe them anymore. Their actions are perceived as a witch hunt of obj's opponents.

The only silver lining to this brigandage exhibited by PDP is that our laws are being constantly tested in the courts and that is fantastic! we are the better for it. now we know that contrary to what adedibu told us, an impeachment can be challenged. I have nothing but praise and applause for the justices of our superior courts of record, they have exhibited exemplary courage in deciding the pdp cases, because, even a small child in nigeria knows u cant afford to offend obj he will take it to you, yet they have stood their ground against him.

if their decisions were so rite, why is obj and PDP loosing all their cases? Let us pray that the recent flurry of activity is not leading us down the path tread by Nzeribe and his infamous ABN and the ill-fated justice ikpeme.

May God keep us all! Amen

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Even if he did that unconstitutionaly? abeg give me a break! DEMOCRACY is different from AUTHOCRACY

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Crude oil chop knuckle jooo , sometimes i wonder the kind of ?s people ask over here. Yes Atiku is as corrupt as my secondary skool principal back then but these politicians should leave us alone because they are all thieves let them stop whinin in our ears Baba included .

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Dunno the hype about the man oh.I think hes better than Obj sha.

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