Showing posts with label dan etete. Show all posts
Showing posts with label dan etete. Show all posts

4 Oct 2014

How Nigerian Officials Bought Jets, Luxurious Cars With $533 Million Oil Bribe Money

Report in Reuters is indicting some top ranking Nigerian officials over allegation bothering on how more than half of $1.1 billion was collected as bribe, and lavished on jets and armoured cars.

According to the letter seeking the help of UK’s Crown Prosecution Service (CPS) to freeze the assets of those involved, Italian prosecutors said some of the N83 billion ($533 million) slush money was used to buy private jets and armoured vehicles.
  
“We are investigating many money transfers to many people in various countries who received sums that vary from millions of dollars to thousands of dollars,” Italian prosecutors told Reuters.