An American bank partnered with a Nigerian man to launder $308 million of Nigerian government money.

The money left Nigeria through American banks. It then sat quietly in a shell company for years while the man lived comfortably in Texas.

In 2003 American authorities arrested him. He spent six months in federal detention in the United States waiting to be tried.

Before the trial happened he offered to return $163 million.

America accepted. He flew back to Nigeria.

Nobody questioned him. Nobody charged him. Nobody prosecuted him.

He ran for Senate and won. He ran for Governor and won. He ran for Governor again and won.

America returned the $308 million his operation had laundered.

The new president then put him in cabinet.

America did not trust Nigeria with the $308 million.

They tied every dollar to three specific roads. Lagos-Ibadan Expressway. Abuja-Kano Road. Second Niger Bridge.

They even included a clawback clause. Misuse one dollar, pay it all back.

Why the conditions? Because previous loot returned to Nigeria had already disappeared.

Nigeria’s own government told the court they had no record of how the earlier billions were spent.

A man who laundered billions is currently Nigeria’s Minister of Budget and Economic Planning.

Senator Abubakar Atiku Bagudu, CON. He was appointed to this position on August 21, 2023, by President Bola Ahmed Tinubu.

He decides how Nigeria spends its money.

My source. It now traditional for me to add the source. 

Anyways, let’s connect (follow me) if you enjoy these type of posts

1. US Department of Justice — Official Court Judgment (2014) justice.gov/archives/opa/p…

2. Premium Times — Bagudu arrested in America + $308 million repatriation (2020) premiumtimesng.com/news/headlines…

3. ICIJ Pandora Papers — Bagudu appointed minister under Tinubu (2023) icij.org/investigations…

4. Wikipedia — Confirms he is currently serving as Minister of Budget and Economic Planning en.wikipedia.org/wiki/Abubakar_…

By Elliot Solution on X