{"id":23692,"date":"2014-03-03T10:34:45","date_gmt":"2014-03-03T09:34:45","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=23692"},"modified":"2014-03-03T10:34:45","modified_gmt":"2014-03-03T09:34:45","slug":"dear-mrs-okonjo-iweala-ii","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/dear-mrs-okonjo-iweala-ii\/","title":{"rendered":"Dear Mrs. Okonjo-Iweala II"},"content":{"rendered":"

\u00a0By: Sonala Olumhese<\/em><\/strong><\/p>\n

I thank you for acknowledging my article published last week.\u00a0 I trouble
\nyou with this follow-up only because of the dangerous debris left behind
\nby your Special Adviser, Mr. Paul Nwabiukwu.
\nFirst, on the \u201cAbacha loot\u201d recovery, let it be clear that my advocacy
\nconcerning Nigeria\u2019s \u201crecovered\u201d funds is neither new, nor limited to your
\nstory.
\nIn \u201cWhatever Happened to the Abacha Loot?\u201d (June 22, 2008), I wrote, \u201cThe
\nnational interest would be well served by a transparent picture of what
\nhas actually happened\u2026The indications are that some of the funds recovered
\nfrom the man and his family may have been re-stolen, or misused.\u201d
\nIn terms of numbers, my case is that Nigeria seems to have recovered
\nbetween $2 and $3b from Abacha.\u00a0 You say $500 million.
\nI know that the realistic number is mine because that is what the Economic
\nand Financial Crimes Commission (EFCC), under Mr. Nuhu Ribadu, reported in
\n2006.
\nIn a statement in London in November of that year, Mr. Ribadu stated that
\n\u201cAbacha \u201ctook over $6 billion from Nigeria,\u201d and that $2 billion had been
\nrecovered during his term of office.\u00a0 He repeated that figure that same
\nmonth during the 12th International Anti-Corruption Conference in
\nGuatemala.\u00a0 In Dakar at the 2nd Annual High Level Dialogue on Governance
\nand Democracy in Africa, just three months ago, Mr. Ribadu repeated the
\nclaim that Nigeria recovered $2 billion.\u00a0 Nobody has ever challenged him.
\nIt is also significant, Madam, that one year before Ribadu went on record
\nabout the $2 billion recovery for the first time, you said the same thing.
\nThe event was a press conference in September 2005 in Switzerland.\u00a0 Up
\ntill that point, Nigeria had recovered \u201cabout $2 billion total of assets,\u201d
\nyou said.
\nNonetheless, the $2 billion recovered in the Abacha hunt that was referred
\nto by Mr. Ribadu and your good self in 2005 and 2006 is without prejudice
\nto the $700 million that former Finance Minister Michael Ani said in
\nNovember 1998 had been recovered from Abacha.\u00a0 Ani described $1.3bn in
\nillegal withdrawals discovered to have been made by Ismaila Gwarzo, the
\nNational Security Adviser for Abacha.
\nTo Gwarzo belongs one of the sadder chapters of the loot recovery story.
\nAt the end of 1998, Abdussalam Abubakar said the government had recovered
\n$1 billion from the Abacha family and another $250 million from Gwarzo.
\nWhen Obasanjo became president, at least $500 million more was recovered
\nfrom Gwarzo in 2000.
\nThe foregoing might explain why you said in a speech after you left the
\nObasanjo government, \u201cGeneral Abacha looted about $3-$5 billion from the
\nNigerian treasury in truckloads of cash in foreign currencies, in
\ntraveler\u2019s checks and other means.\u201d
\nMy point is: much more than $500 million was recovered from Abacha, some
\nof them before, and some of them in-between your tenures as Minister of
\nFinance.
\nPerhaps you refer only to $500m because the specific subject of your
\nSeptember 2005 Switzerland press conference was $458 million, which you
\nsaid Nigeria had recovered.
\nThat $500m is supported somewhat by an account of the United Nations
\nOffice on Drugs and Crime, and the World Bank, which said at the launch of
\nthe Stolen Asset Recovery in September 2007 that Nigeria had recovered a
\ntotal of $505.5 million from the Swiss government.\u00a0 On that occasion, at
\nwhich you were present, it was also stated that up to $800m had been
\nrecovered from Abacha domestically.
\nBefore all that, in November 2003, you personally announced that Nigeria
\nhad recovered $149 million from the Island of Jersey.\u00a0 In case you may
\nhave forgotten, you clarified that the $149 million was not part of a $618
\nmillion trip you had just made to Switzerland at that time.
\nNonetheless, in December 2006, La Declaration de Berne, a Swiss
\nhumanitarian body, alleged that Switzerland had repatriated $700 million
\nto Nigeria, but alleged irregularities in Nigeria\u2019s use of the money,
\nclaiming $200 million was unaccounted for.
\nThat $700m figure seems to be in harmony with the statement made by Dr.
\nHans-Rudolf Hodel, the Swiss Ambassador to Nigeria at a press conference
\nthree months ago, during which he gave that figure as what his country
\nreturned to Nigeria.
\nSimilarly, on 10 March 2008, the EFCC and the Independent Corrupt
\nPractices and Other Related Offences Commission (ICPC) announced at a
\njoint press conference they had recovered \u201cover N600 billion\u201d in five
\nyears.
\nThat sum seems somewhat conservative, but a lot more than $500 million of
\nit came from Abacha.\u00a0 Here are a few thoughts:
\n\u2022 In May 2000, Luxembourg confirmed it had found and frozen $630 million
\nin eight bank accounts in a private bank, in the names of the Abachas,
\nawaiting Nigeria\u2019s claim.
\n\u2022 In August 2000, Nigeria asked Liechtenstein to help recover 100m British
\npounds.
\n\u2022 In October 2001, a British High Court asked the government ahead to help
\nNigeria trace over $1bn in Abacha loot.
\n\u2022 In May 2002, President Obasanjo struck a deal with Abachas under which
\nthe government was to recover about $1.2 billion.
\n\u2022 In February 2010, the British Government announced in Abuja it would
\nrepatriate 43 million pounds recovered from the offshore accounts of
\nvarious Nigerian officials.
\nSome of these happened when you were not in the government, I know, but we
\nare not talking about your personal life.\u00a0 The point is that as a people
\nthat we cannot move forward unless there is true and full transparency.
\nWhere is all the money?
\nYour over-reaching spokesman illustrates my point.\u00a0 \u201cOn the NNPC oil
\naccounts issue\u2026Dr Okonjo-Iweala has called for an independent forensic
\naudit to establish the facts of any unaccounted for money and ensure that
\nevery Naira that is owed the treasury is returned to the Federation
\nAccount\u2026the fundamental problem of determining the facts as a basis for
\naction must still be tackled. Is there room for more action on corruption?
\nOf course the answer can only be yes. But action is needed to achieve
\nchange. Talk is cheap, action is crucial.\u201d
\nExactly, Madame Minister, let us have a forensic independent audit.\u00a0 But
\nmay I propose three productive caveats to your government?\u00a0 The audit must
\nbe international; cover the NNPC and the recovered funds; and date from
\n1999.\u00a0 This is the only scenario that can guarantee that the full story
\nwill be told.
\nLet me illustrate the depth of our depravity with a graphic example made
\nby Ribadu in 2009 to the US House of Representatives Committee on
\nFinancial Services.\u00a0 \u201cMr. D.S.P. Alamieyeseigha, governor of oil rich
\nBayelsa State. He had four properties in London valued at about \u00a310
\nmillion, plus another property in Cape Town valued at $1.2 million. \u00a31
\nmillion cash was found in his bedroom at his apartment in London. \u00a32
\nmillion was restrained at the Royal Bank of Scotland in London and over
\n$240 million in Nigeria. This is in addition to bank accounts traced to
\nCyprus, Denmark, USA and the Bahamas.\u201d
\nThis is the kleptocracy in which Nigerian leaders have stolen over $380bn
\nsince independence, as the same Ribadu told the BBC in 2006.\u00a0 Yet, that
\nAlamieyeseigha, like others, has been pardoned by your government.\u00a0 This
\nis why we will never get real answers by putting your \u201cindependent\u201d audit
\nin the hands of a pre-programmed Abuja panel.
\nFinally, you bristle at my reference to the issue of the recurrent budget.
\nYou say I have no moral authority to comment on the matter.
\nSo let us talk about moral authority.
\nFollowing your negotiations of Nigeria\u2019s foreign with the Paris Club in
\n2006, Audu Ogbeh, a former Peoples Democratic Party (PDP) chairman,
\npublicly said that one \u201ctop member\u201d of your government had walked away
\nwith a personal fee of N60 billion.\u00a0 I had expected that President
\nObasanjo or you would be outraged, and challenge the allegation, but
\nnobody ever has.\u00a0 I would have defended my father\u2019s name.
\nI repeat my support of your campaign finance proposal, in principle.\u00a0 But
\na cafeteria approach to reform never works, and it is bound to be eaten
\nalive in the all-purpose impunity and kleptocracy that currently
\nmasquerades as governance.\u00a0 The answer is banging on the front door.
\n\u2022\u00a0sonala.olumhense@gmail.com<\/a>
\n\u2022 Twitter: @SonalaOlumhense<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0By: Sonala Olumhese I thank you for acknowledging my article published last week.\u00a0 I trouble you with this follow-up only because of the dangerous debris left behind by your Special…<\/p>\n","protected":false},"author":1,"featured_media":21151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-23692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles-opinions"],"yoast_head":"\nDear Mrs. Okonjo-Iweala II - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/dear-mrs-okonjo-iweala-ii\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dear Mrs. Okonjo-Iweala II - 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