EFCC Publishes Details of Atiku’s Son-in-Law’s Bank Transactions as Lawyer’s Arrest Emerge

The Economic and Financial Crimes Commission (EFCC) has published details of Atiku’s son-in-law’s bank transactions and reiterated that the former Vice President, Atiku Abubakar’s son-in-law, Abdullahi Babalele, was arrested for money laundering.

Many had questioned the planning of the arrest, which coincided with the beginning of the Peoples Democratic Party (PDP) canditate’s fight in court against President Muhammadu Buhari’s victory in the recently concluded elections.

The Nation gave an account of Wednesday that Babalele is under scrutiny for supposed laundering of €150million.

Babalele was released on abandon Tuesday following hours upon hours of cross examination. His visa was, anyway seized by the EFCC.

In any case, Mr. Uyi Giwa-Osagie (Atiku’s attorney) is still being detained. The office said about €67,950,000 of the €150m has been followed to the records of him, Babalele, two slush firms and two Bureau De Change administrators.

Of the €67.9m, Uyi’s record got 26,050,00million Euro between January ninth and 28th, 2019. Babalele is required to represent 41,900,000 Euro.

“Likewise the group recouped the said $1.6million USD yet as of now $141,000.00 USD had been traded to Naira at N358/per dollar which added up to N50,500,000.00 while the equalization of $1,459.000.00 USD couldn’t actually be traded because of the Naira shortage in the market.

“Examination led viewing the possession just as the wellspring of the cash so far uncovered that Hasbunallahu BDC who is likewise the proprietor of Clean and Integrity Services Ltd got three exchanges adding up to $5,000,000.00 USD on the fourth and fourteenth February, 2019 from Guernsey Trust Company Nigeria Limited which is a speculation organization that is being overseen by Uyiekpan Giwa-Osagie in trust in the interest of xxx.

A record stated: “On receipt of this knowledge the group booked to Lagos Island showcase and captured two BDC administrators to be specific: Abdullahi Shehu who works with Abdullahi Munaciki of Hasbunallahu BDC, Abuja and Lawal A. Abdullahi of Three Brother BDC.

“Examination did on the records of Guernsey Trust Company Nig Ltd uncovers that different moves in a huge number of dollars and money installments were made to different people and organizations.”

The subtleties of these exchanges are as per the following:

“On the first February, 2019, Abdullahi Munaciki of Hasbunallahu BDC got an exchange of $500,000 USD in his Guaranty Trust Bank Dollar Account Named: Clean and Integrity Services Ltd with Account number: 325/391103/2/1/0. The exchange originated from Uyiekpan Giwa-Osagie of Guernsey Trust Company Nigeria Limited.

“On the eighteenth January, 2019, Root Capital Ltd got the sum of $1,000,000.00 into its record in Keystone Bank PPC from Guernsey Trust Company Nig Ltd account in Keystone Bank Plc. There after the naira identical was paid into Andrew Pitchford account by Spring Creek for the benefit of Root Capital Ltd.

“On fourth February, 2019 another move in the aggregate of $1,500.000.00 USD was gotten into the said Clean and Integrity Services Ltd account in GTB from a similar organization Account Guernsey Trust organization Nigeria Limited in cornerstone bank on Instruction of the said Uyiekpan Giwa-Osagie.

“The third move was made in mass on fourteenth February, 2019 in the total of $3,000,000.00 USD, comparatively from Guernsey trust organization Nigeria Limited in cornerstone bank to Clean and Integrity Services Ltd account in GTB.

“Careful examination led on how the said Guernsey Trust Company Nigeria Ltd sourced the previously mentioned $5,000,000.00 USD demonstrated that the organization got into its Keystone bank Euro Account number 1002523061 two Inflows of N13,050.000.00 Euro on ninth January, 2019 and N13.000,000.00 Euro on 28th January, 2019 totaling N26,050,000.00 Euro from irregular show organization called Intels West Africa Limited.

“Further Investigation has demonstrated that the said Euro inflows were changed over to about $30,346,150.12 USD and moved in tranches of $14,362.500.00 USD, $14,977,194.13 USD, and $1,000,000.00 USD to Guernsey Trust organization Nigeria Limited’s Dollar Account number: 1003057653 to Keystone bank between eleventh January and twelfth February 2019.

“On the 18thJanuary, 2019 Guernsey Trust Company Nig Ltd paid the total of $750,000.00 to Bluebeam Capital Ltd, the cash was along these lines exchanged to BLK Prestige Investment

“Additionally on the 29th January, 2019 Guernsey Trust Company Nig Ltd paid complete sum of $2,065,934.00 to Capital documented Investment Group Ltd account in Keystone Bank Plc and what could be compared to the said sum in the aggregate of N856, 569,200.00 was paid in tranches to Andrew Pitchford Ltd account. The organization is owned by one Mr. Erhunse Giwa Osagie, a sibling to Mr. Uyiekpen Giwa Osagie.