Controversial AGF, Bello Adoke Linked To Oil Companies Sharing Nigeria’s Subsidy Funds…Plus More Details Of Hidden Wealth
Barely 24 hours after ireports-ng.com published details of multi-billion dollars secret bank accounts of Nigeria’s controversial Attorney General and Minister of Justice, Mohammed Bello Adoke,his close allies who are angry with his role in the on-going nationwide strike in the country have provided documents giving further details of the Minister’s stupendous wealth hidden in over 25 bluechip companies, some of which have been sharing in the the contentious oil subsidy funds.
A rundown of the documents made available to ireports-ng.com indicate that Adoke is a major investor in Oando Oil which has taken over N228 billion out of the N1.4trillion shared by about 100 oil marketers between January and August, 2011. The Minister has about N1.5 billion investment tucked in Oando Oil PLC. Apart from Oando, available documents also show that Adoke is equally a major investor in Eterna Oil which has within the same period benefitted about N5.57 billion from the fuel subsidy cake. He is said to have about N1 billion investment in the company, with another N2 billion tucked in a company called Novasys Ltd.
It has also been discovered that the Minister has his hands and hidden investments in major banks in the country. Some of them include about N400 million in Oceanic Bank; aboutN200 million in UAC properties; about N20 million in Guaranty Trust Bank; about N360 million in Access Bank; about $400,000 US dollars in MTN; about N1 billion in Japaul Oil& Maritime; about N15 million in Bank PHB; about N100million in First Bank; about N20 million in FCMB and aboutN6 million in Unity Bank PLC among others.
One of our sources hinted that the Minister has already begun moves today to begin the process of depleting funds in the four bank accounts exposed in our earlier story in collaboration with the account managers
Related posts
-
PDP Board Of Trustees Insists On 3-Month Tenure For Party Chairman Modu Sheriff
-
Senate Orders Arrest Of Ex-EFCC Boss Ibrahim Lamorde Over N2trn Assets Fraud
-
I’ll Deal With Those Who Smuggled Billions Into 2016 Budget, Buhari Vows
-
Ex-PDP Chairman Uche Secondus In EFCC Net Over Donations From Oil Tycoon, Jide Omokore…Party Kicks, Raises Alarm Over Ekweremadu, Others
ALIYU ABUBAKAR
THERE IS NO TRUTH ABOUT THIS ALLEGATIONS ON ADOKE. ITS A CALCULATED ATTEMPT TO GIVE A DOG A BAD NAME IN ORDER TO HANG IT. HAVE U TAKEN YOUR TIME TO HEAR FROM THE ACCUSED FIRST B4 PASSING JUDGEMENT?
ABAS
Folks, look-up rental properties in Abuja or Lagos. Se how much it costs to rent an apartment or buy a house in any major city in Nigeria. Nigeria minimum wage is Eighteen Thousand Niara per month. However, some Nigerian teachers in many private schools earn about Seven Thousand Naira every month. Many decent one bedroom apartments in Abuja cost above Two Hundred Thousand Naira per year to rent and above Twelve Million Naira on http://www.privateproperty.com.ng or is there another site to check reasonable rental or for sale properties? If not, do why do you wonder why most civil servants steal? Every society deserves the leaders they choose to lead them at any point in time. Remember, these leaders are the products and a reflection of their society. The next time you have a local government, house of rep, senate, governor or presidential elections, ask the candidates how they intend to resolve problems of rent. Ask them if they will work to abolish housing for public officials so that they can live with ordinary citizens are face the same rental challenges. Ask them how the intend to create jobs for ordinary citizens so that the can afford to live decent lives in society without resolving to steal to have a good home. This is just an example of why we have a corrupt society. Do not vote for folks who refuse to publish their net worth when they ask for your votes. Then see what they are worth during and after their public service. Do not tolerate thieves because they are from your village or state. When your family member dies during a road accident because the roads are bad, someone siphoned the money meant for the road. That person maybe your local council man, rep, senator, minister or governor. If you keep letting them get away with their highway robbery, don’t be surprised that our communities are under developed and that our ministries are full of corrupt officials who are underpaid along with graduate highway robbers who are improvised by the corrupt practices of our leading politicians.
Ndanusa Zubairu Suraj
You are innocent until you are proof otherwise by court of compitent jurisdiction
ben
i find it difficult to see ur reason of attacking this ministere. i am very sure that 100 per cent of these allegations are completely false. u and ur group are only intrested in pulling the president and his allies down. i magine u have an office in America. ur office is in sokoto not America
Okokomiko
It is sad that Nigerians would believe almost everything. This so called editor that has refused to stay his name..why?
Adoke is a reputable businessman who has always been wealthy, even before he came into power. More so, he did not deny owning the accounts, but rather, says the amount in them are exaggerated and outrageous!
Okokomiko
It is sad that Nigerian would believe almost everything. This so called editor that has refused to stay his name..why?
Adoke is a reputable business who has always been wealthy, even before he came into power. More so, he did not deny owning the accounts, but rather says the amount in them are exaggerated and outrageous!
9ja boy
They Have paid you to come write this.
Oscar Okolo
You mean yo have not taken down this wishy-washy story that lacks substance? For how long will you continue to embarrass yourselves, Ireports? Una no dey shame at all, at all!
Oscar Okolo
Tissue of lies by a cowardly Editor! If you are sure of what you are writing, how come you are not even bold enough to identify yourself? is “Editor” somebody’s name? Shameless coward!
Pure Nigerian
@ Oscar Okolo, u must either be a sorogate or a supporting my man fool. Why is the editor’s name important in this story? So u and your ilk will go and kill him? I may be benefiting from the AGF, Adoke, or you just don’t see anything wrong with people who call themselves politicians looting the country dry while 99% of the people of Nigerians are suffering. Stop being a push bag. You may be enjoying now but remember, there are many people from your community who are starving.
Ndubuisi Don
If this is true, the black race stands no chance of building a Nation that will compete with our white counterparts. This is why the Blackman will continue to be a destitute to the Whites. Shame on us…..
Udom,Bassey
You have refused to publish my comments on this issue which is very unfortunate. Did you have a format or process where readers comment are published?
evil government will always choose evil candidates to keep their evil agender moving. This will show us that this fuel subsidy is just a political manufactured product to dupe us and enrich their accounts. Imagine an AGF with such money in his account and yet they say they want to fight corruption. Time to kill all the top politicians in this country and i think this should be the best way to emback on this fight. From NLC CUN NTU fight to a REVOLUTIONARY fight. Nigerian is now or never
Dr Lorina Emeka
He should be arrested and probed. The international courts should charge him for crimes against humanity. Thief
David Odafe minna
This is incredible!!!, n if it is tru, Adoke Gods doom await u
Toyo jimmy
The ofis of de Attorney General is too sacrosanct to b soild wit uncorroborated facts. How valid is dis info? I hope u re nt on a war path wit Adoke? Bkos ur reportage willnt only damage him but dat respectable ofis.
Toyo jimmy
The ofis of de Attorney General is to sacrosanct to b soild wit uncorroborated facts. How valid is dis info? I hope u re nt on a war path wit Adoke? Bkos ur reportage willnt only damage him but dat respectd ofis.
JOHN OKON
This is outrageous. How can one man just be brave enough to amass such huge sums and still be left in govt to continue stealing and covering all he has stolen. How many pple from his community is he sponsoring in school? This is a big shame. In other climes, he would throw in the towel and fight for his innocence as a common accused thief on the street but here, they would allow him to continue which smacks of insincerity on the part of GEJ’ government. Ireport-ng continue in this stead. Especially some of the local govt. chairmen that just left office in Enugu state.
Tunnexy
All the federal executives and their allies are robber they have already sold the entire country, they are only there to share our national treasury, only God can save us frm them.
micheal
Don´t you see how deep the level of CORRUPTION in Nigeria
even those we choose to lead the country, imagine the attorney
general of the federation and minister of justice, how bad his
hands were stained and corrupted he is yet he is still there
milking the nation [oil subsidy] .
Nigerians remember this kind of thing cannot happen in the
western world, it`s only here in nigeria that rouges has the
in the government
Nigerians should stand up now to reject this outrageous act of
the AGF, LET HIM RESIGN
He is corrupt.
Chukzee
People. For this to be conclusive, let us know the dates he acquired these shares. Was he in this govt or another govt? or was he just a plain business man (investment lawyer as he claims). If these predate his days in govt, then you cannot really blame GEJ. However I got a feeling……………………
patriot
All these leaders , past & pesent in Nigeria, who have stolen and still stealing have serious mental problems. With all these incomprehensible amounts being stolen. Until the poor & impoverished demands that the money they have all stolen be returned by force, by fire, then we are ready to fight corruption. Pick out the notorious thieving godfathers in and out of the govt, deal ruthlessly with them and their families, then they will understand. making noise would do them no harm. To finally stop coruption, let us make sure that politicians are paid civil service salary. make the politics unattractive, then we will now have those are really ready to serve the country. This is what is obtainable in the western world. Let us in our own families begin to teach one another about acceptable societal morals, like, stop worshiping money, importance of dignity & integrity etc. Yoruba adage says, ile la tin keso rode, ie. the character you exhibit outside is from home. Also be taught in all places of worship. let the fight begin now , from our doorsteps. God help us all.
fidel castro
Why is he still walking free, still AGF and not even suspended pending…. It beggers belief!!!. What sort of country is Nigeria please?
ola johnson
If it can be proven that this is true, I will personally head a crusade that will treat this man worse than how Ghaddafi was treated in his last moments. The sheer effrontery of amassing so much without a thought of how insensitive it is to the poor masses paying for his greed!
Neyo Banky
Eye opening reports,kudos to d ireports team. Never knew we have our own wikkileaks here! What proof do pple want 2 see again,shld d AGF take pictures wit all d certificatest in his hands? He deserves 2 die by hanging,bcos so many jobless nd hungry Nigerians have died like dat bcos of shame. Thnks 2 many of his kind in govt!
Yusuf Shekarau
This is clearly an indication of what ll happen 2 d so called subsidee money, when a minister in the present administration has such shocking amount… Haba mr president is there honesty in your govt?
Ahmed
Let us be objective in our statement. Kindly publish the date as evidence to back this. I am not saying its false cos we have seen an ex serving police man that have still N17B and end off spending few month in jail. Wheel if this is true, honestly we as citizen of this country are in big trouble.
Olaitan
Anyone who engage himself in stealing public funds either by political offices, head of ministries or any forms of positions occupy by him is not different to the arm rubbers on the street attacking the banks and killing the innocent people with guns. This corrupt leaders kills millions of nigerian lives with their pen just to satisfy their own families, equal justice as to be made on these leaders & arm robbers which is ‘death sentence’
Azikiwe
THE MONIES AND INVESTMENTS BELONG TO PATIENCE, THE FIRST LADY ON HOLD FOR JONATHAN. IMMIDIATE PROBE AND FORFEITURE OF ALL THESE MONIES AND SHARES ARE IMMINENT, THEREAFTER!, JONATHAN WILL BE IMPEACHED FOR MONEY LAUNDERING.
Olu Josua
If this is proven to be true, it’s important that the full weight of the law be brought to bear on Chief Adoke, however, report from his office indicates that he’s been involved in all forms of vices including petty issues like fake receipts for claiming estacodes, allowances, etc and this is the AGF of the Federation!
James Atikporu
Maaaadnessss in Adoke’s corruption level. What is he going to do with all these monies, take them to the grave or heaven with him? Will he not die one day. Abiola died, what happened to all his wealth?. What on earth is wrong with Nigerian govt, are they mad? The defender of the oppressed is so corrupt, so now what wil d poor Nigerians do, because there is no more law or their defender to protect them.
Adoke should be immediately removed, and his stolen wealth confosticated and used to cushion the fuel subsidy removal.
lies, lies lies please stop distracting us with ur fabricated bullshit
lies, lies lies please stop distracting us with ur fabricated bullshit
Ruqoyyah
If all these is true, Allah will judge them all, wat i knw they cant escape from The One Whu Creates them. They will surely acct for all they do and av.
Ti won loju
Olalekan Screen
Goodluck to those who voted for Jonathan. Their suffering has just began. We need our own Jack Bauer in Nigeria.
Oluwasegun
Ireport, do us †ђε favour of publishing †ђε dates when these investments were made; at least, it would be written in †ђε documents †ђε so called allies of †ђε minister gave to you.
The minister has challenged †ђε EFCC to investigate †ђε alleged funds kept in †ђε three banks mentioned by ireport; kindly assist EFCC with †ђε whatever documents required for this investigation.
Mr minister, kindly step aside if you are sure that these allegations are false whilst subjecting yourself to investigation.
oiza
God will punish u all
Oluwasegun
This is amazing if true!
However, the big question is when were these investments mad- prior to him appointed as a minister or subsequent?
If †ђε question above is answered with clear details of †ђε dates of investments which †ђε documents made available by his so called aggrieved allies should have, then we believe †ђε report.
The minister has also challenged †ђε EFCC to investigate †ђε alleged funds in †ђε four banks.
If †ђε minister is also sure that these reports are not true and he is ready to subject himself to investigations, he should step aside.
Tunde
Can this claims be verified? Since the beginning of this strike/protest, various news rumours have been moving round which are mostly false. We shouldn’t be disabusing the minds of the populace just to push our points through.
I hope those agitating for disintegration of this country at this time know that it will not only be a bloody option, most of us will no longer be around when the benefits come, That is if there will ever be.
dauda
Yes..adoke down, Dazienni to go! Am sure she is twice as dirty as adoke! Some body should get to work on her! Occupy Nigeria is working
Ike
Lynch the SOBs! A money hungry vampire like Adoke has no place in a decent society. Enriching himself by abusing his position; yet he wants to withhold our salaries for exercising constitutionally protected rights! Bloody thief! What shall it profit a man if he gains the whole world and losses his soul at the ebd? Can Adoke bribe his way through heaven?
omo naija
God will purnish all of you including GEJ. Amen
A A. Ikheigbe.
That this man is curropt is not hidden from Mr. Jonanathan.Mr.Adoke the Okene man is fronting for Mr. President and he has a lots of them in his cabinet. this same man has the afontry to give sack threats to impoverished nigerians for venturing to cry out. Adoke and his co robbers need to be killed by any means possible and those illegal wealth confisticated. How many of Mr.Jonathan’s cabinet members are free of this kind of innate curropt zeal? Ireports,thank you for this information. keep doing your good work without fear or favour.We shall soon begin to visit those thieves of our commonwealth in their various houses to deliver them our judgements.
OYENUSI ADESEGUN THOMPSON
GOD WILL JUDGE THEM ALL.
robozm
oju e bi oju ole.
robozm
my people let’s occupy everywhere for naija. Occupy campus for ASU strikes, occupy for corruption, mismanagement and lack of infrastructure developments.
If you’ve graduated 4 years without a job it’s time for you now to take to the street demanding for your right right now or die.
BenChidi
Goodluck should fire before he creates a mess for his govt. AG has been responsible for failure to fight financial crime against the rich & the oil cabal that has held our economy back. GEJ let the Attorney General go now unless he is helping u cover your track
Lookman
What is wrong with our leaders? is it power or greed?. My advice for this man adoke or what is name is to go China method.. China method is for him to commit suicide before is too late.
Sunday Njokede
Jonathan is aware of all corruption going on in Nigeria. He gets a cut therefrom – otherwise, he’d not continue to look the other way. Adoke should resign becuase Jonathan would never sack him and the lowlife EFCC would not investigate him. This is how they’d have stolen the fuel subsidy removal money. The protest must continue without brake.
Jonathan has not paid minimum wage, he will not honour any new agreement entered with NLC. He has never kept to any promise made by him.
Dr Mustapha
I am totaly in support of reverting back the pump price back to N65,bt this campgain of misrepresentation is unacceptable.What is your evidence to back this claim?
Harry
My people let fight gej
joslar
revolution d best option 4 us.disintegration an expected n absolute result from d option.
godswil
if this is true,then we troble
clefb
Speechless,feel like cryin.and our so called law enforcement bodies re readin and re nt takin actions.who is decivin who.God giv us our own JACK BAUER
Bruce
I still dey laugh for this Animal Kingdom
Bruce
I still dey laugh o….ala Obasanjo