{"id":24748,"date":"2020-02-22T14:21:04","date_gmt":"2020-02-22T13:21:04","guid":{"rendered":"https:\/\/everyday.ng\/?p=24748"},"modified":"2020-02-22T14:21:04","modified_gmt":"2020-02-22T13:21:04","slug":"100-million-abacha-loot-for-bagudu-governor-says-he-did-no-wrong","status":"publish","type":"post","link":"https:\/\/everyday.ng\/?p=24748","title":{"rendered":"$100 million Abacha loot for Bagudu: Governor says he did no wrong \u00a0"},"content":{"rendered":"

Kebbi Governor, Atiku Bagudu, is claiming that the report on how the Federal Government plans to hand over $100 million to him is aimed at using the media to sensationalise the case while the U.S. authorities are using it as a ploy to confiscate recovery of the money by the Nigerian government.
\nHis reaction to the the Daily Trust newspaper, is coming amidst growing anger against the Muhammadu Buhari administration for contemplating the move while claiming to be fighting corruption.
\nBut Governor Bagudu, who is claiming agreements were reached to back the transfer of the money to him, added that the money was frozen in the UK and not the U.S.
\nHe said that his name was only joined as an associate of the Abacha government and though he signed an agreement with the federal government under former President Olusegun Obasanjo in 2003, up to 2013 none of his assets was frozen in Nigeria, and therefore he did not admit criminal liability.
\nAccording to a copy of the agreement which Daily Trust said it obtained in Abuja last (Friday) night, it says if at any stage Bagudu returned to Nigeria he would not be arrested and in case of any mistaken arrest, unconditional bail would be granted him in respect of the Abuja proceedings, the amended Abuja proceedings, the delegated proceedings or any criminal proceedings existing or future relating to the resolved matters as in the principal agreement.
\nThe agreement was accompanied by a presidential statement in respect of Global Settlements between Bagudu and his affiliates and the Federal Republic of Nigeria signed by former president Olusegun Obasanjo on August 18, 2003.
\nThe letter listed Bagudu\u2019s affiliates as David Liewellyn Jones, Smith and Tyres Limited, Robinson International, and AB\u2019s wife, children, brothers and sisters.
\nOther media reports said the United States Government doesn’t understand why the Buhari government insists on handing some of the looted Abacha money to a man who allegedly looted with Abacha.
\nThe United States is withholding billions of dollars stolen by former dictator Sani Abacha from Nigeria, because the federal government intends to transfer about $100 million to Kebbi Governor Abubakar Bagudu.
\nThe U.S. Department of Justice (DoJ) says Bagudu was involved in corruption with Abacha.
\nAccording to\u00a0Bloomberg,\u00a0the DoJ also contends that the Nigerian government is hindering U.S. efforts to recover allegedly laundered money it says it has traced to Bagudu.
\nThe Buhari administration says a 17-year-old agreement entitles Bagudu to the funds and prevents Nigeria from assisting the U.S., according to recent filings from the District Court for the District of Columbia in Washington.
\nTransparency International\u00a0estimates that Abacha may have looted as much as $5 billion during his stint as Nigeria’s military ruler from 1993 to 1998.
\nIn a February 3 statement, the DoJ alleged that Bagudu, 58, was part of a network controlled by Abacha that\u00a0\u201cembezzled, misappropriated and extorted billions from the government of Nigeria.\u201d
\nIn the case involving Bagudu, the U.S. in 2013 initiated a forfeiture action against a host of assets, including four investment portfolios held in London in trust for him and his family, according to the district court filings.
\nDespite the forfeiture action initiated following a Nigerian state request in 2012, the Buhari administration now says it can\u2019t assist the U.S. with Bagudu because it\u2019s bound by a settlement Bagudu reached with the administration of then-President Olusegun Obasanjo\u00a0in 2003.
\nThe agreement Obasanjo reached with Bagudu<\/strong>
\nUnder the terms of the Nigerian accord with Bagudu, which was approved by a U.K. court, the Kebbi governor returned $163 million of allegedly laundered money to the Nigerian authorities.
\nIn exchange, Nigeria dropped all outstanding civil and criminal claims against Bagudu\u00a0\u201cstemming from his involvement in government corruption,\u201d\u00a0according to a December 23 memorandum opinion by District Judge\u00a0John D. Bates\u00a0in Washington D.C.
\nWhat Nigeria did is called plea bargain.<\/strong>
\nThat meant\u00a0\u201cNigeria renounced any interest whatsoever\u201d\u00a0in Bagudu\u2019s trust assets, including those the U.S. is attempting to recover for the West African nation.
\nThe deal Buhari administration entered with Bagudu<\/strong>
\nAfter Bagudu successfully sued Nigeria for violating the 2003 settlement, the Buhari administration reached a new agreement with him in October 2018, according to the court filings.
\nThat agreement meant the transfer of ownership of the investment portfolios, worth 141 million euros ($155 million) to Nigeria, which would then pay 98.5 million euros to Bagudu and his affiliates.
\nThe funds are currently restrained by the U.K. at the request of the U.S because the U.S doesn’t want Bagudu to get that money.
\n\u201cThis case illustrates how complex and contentious repatriating stolen assets to Nigeria can be,\u201d\u00a0said\u00a0Matthew Page,\u00a0an associate fellow at London-based Chatham House and former Nigeria expert for U.S. intelligence agencies.\u00a0\u201cInstead of welcoming U.S. efforts, Nigeria\u2019s lawyers appear to be supporting the interests of one of the country\u2019s most powerful families.\u201d
\nAccording to\u00a0Bloomberg,\u00a0the commitment by Nigeria to transfer the funds to Governor Bagudu appears to undermine Buhari\u2019s pledge to quell rampant corruption in Africa\u2019s top oil producer.
\nBagudu returned to Nigeria after the agreement with the Obasanjo-led federal government and was elected senator in 2009. Six years later, he was voted Kebbi state governor in elections that brought the APC and Buhari to power.
\nAccording to the report, Bagudu and a spokesman for\u00a0Attorney General Abubakar Malami\u00a0did not respond to requests for comment.
\nA spokesman for Buhari said the settlement and the litigation were matters for Malami. A spokesman for the DoJ declined to comment.
\nAdditional reports by www.pulse.ng<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Kebbi Governor, Atiku Bagudu, is claiming that the report on how the Federal Government plans to hand over $100 million to him is aimed at using the media to sensationalise the case while the U.S. authorities are using it as a ploy to confiscate recovery of the money by the Nigerian government. His reaction to […]<\/p>\n","protected":false},"author":7,"featured_media":18481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[941,1083,1084],"class_list":["post-24748","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-abacha","tag-bagudu","tag-loot"],"_links":{"self":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/24748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24748"}],"version-history":[{"count":0,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/24748\/revisions"}],"wp:attachment":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}