TIMI ALAIBE LINKED WITH MASSIVE LOOTING OF NDDC

TIMI ALAIBE…Looting NDDC with Impunity

A petition detailing a web of massive looting and money laundering involving the Managing Director of the Niger Delta Development Commission, NDDC, Mr. Ndutimi Alaibe is currently under the scrutiny of the Economic and Financial Crimes Commission, EFCC.

The petition submitted by a group which preferred to be referred to as Concerned Niger Deltans accused the NDDC Managing Director of personalizing the activities of the agency and using cronies to milk the agency of its financial resources.

In the petition signed by David Denilson, the group alleged that Mr. Alaibe have stolen funds from the NDDC and using same to build mansions in his home town in Bayelsa, buying choice properties in other parts of Nigeria and London while oiling his political machineries in Bayelsa State in preparation to lunch his Governorship ambition in 2011.

According to Denilson "It is worthy to note that the NDDC is bugged down by massive corruption hence billions of Naira voted to the commission by the Federal Government and oil companies have no positive impact on the lives of the people of the Niger Delta region."

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The group alleged that Mr. Alaibe stole funds belonging to the commission and purchased properties in London with title number NGL331782 at 180 Verulam Court, Woolmead Avenue at a whooping cost of 180,000 pounds in 2005.

The London property is said to have been registered to a suspicious real estate agent known as A3 Properties incorporated in Republic of Seychelles and managed by one Sterling Partnership based in 230 Borough High Street, London SE1 1JX.

Sterling partnership of Borough High Street London has one U.K based Attorney, Boma Ozobia, a long time friend and business partner of Alaibe as co-manager. Ozobia is said to be managing most of Alaibe’s properties in London and Nigeria and also fronting for the NDDC Managing Director in his illegal dealings. It is yet to be confirmed if she has equally assisted Alaibe in some alleged money laundering activities.

According to a UK-based website, Naija Konnections, Mrs. Ozobia is described as a “shrewd business woman who sits on the board of several off shore companies and jointly owns Juanita Hotels Limited with her husband, who in conjunction with the International Intercontinental Hotel Group will shortly be opening the first Holiday Inn in Port Harcourt.” Jaunita Hotels recently opened in Port Harcourt.

The petition further stated that Mr. Alaibe has been using fronts like JCC Construction Limited, a Port Harcourt based company, to execute inflated contracts and launder money.

The petition calls for the investigation of the company, and names alleged collaborators of Mr. Alaibe: "We seek that JCC construction be investigated immediately to ascertain all contracts they executed for the NDDC and its value. We also ask the following persons be investigated and arrested. Mr. Osim Iwara of the State Security Service has compromised his job by becoming an informant and double agent to NDDC and the Federal Republic of Nigeria. He has acquired several assets and cars posing as informant to Mr. Timi Alaibe. He should be arrested and investigated immediately. Mr. Faith Olumide of Guaranty Trust Bank (GTB) should also be arrested immediately for money laundering on behalf of Mr. Timi Alaibe.

“We are also aware that Mr. Alaibe has been boasting that Mr. Emmanuel Akomaye was his colleague and also Tunde Ogunsakin of the EFCC is on his payroll.

“Mr. Timi Alaibe in his usual style will destroy the newly created Niger Delta Ministry and frame up Ufot Ekaette the new Niger Delta Minister."

In ending the petition, the group called on the EFCC chairperson, Farida Waziri, to act swiftly by bringing Alaibe's activities under proper investigation and possible prosecution alongside his collaborators in the security agencies.
At the time of going to press, it was unclear whether the petition had also been copied to the mainstream mass media, most of which avoids such documents unless the allegations come from such government agencies as the EFCC itself.

Pointblanknews.com investigation shows that Mr. Alaibe is no stranger to corrupt activities. Those familiar with the Bayelsa born MD of the NDDC described him as one who has his fingers in all juicy contracts in the agency. Our sources say Alaibe is notorious with inflation of contract sums and awarding contracts to companies he has interest in.

Alaibe was one of those who “paid” to be awarded a doctoral degree from a fake University in U.K.

Timi Alaibe, standing second from Left after paying “handsomely” to receive a fake Doctoral Degree from a fake University in U.K

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