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€150m probe: Detectives comb Obasanjo Library

Published

6 years ago

August 26, 2019

…Anti-graft agency probing $140m given to official

Operatives of the Economic and Financial Crimes Commission (EFCC) have visited the Olusegun Obasanjo Presidential Library (OOPL) in Abeokuta, Ogun State, as part of the probe of ex-Vice-President Atiku Abubakar’s son-in-law and the 150 million euros cash-for-poll bribe scandal.

It was learnt that the investigators went to the Library on August 8 to authenticate the claims by one of those under probe that he gave $140,000 (about N50 million) to a library official.

Sources said the EFCC officials, accompanied by policemen, combed some offices at the expansive ex-President’s Library.

It could not be confirmed whether any document was taken away by the operatives, but nobody was arrested.

A source said: “Our operatives went to the library with some riot policemen in anticipation of a possible resistance. But there was none.

“We did our job lawfully without any inhibition. We are still investigating the case. We are screening some documents in our possession on the matter.”

The Olusegun Obasanjo Presidential Library was opened on March 4, 2017. It is a historic, tourist and academic centre established as a national archive for the preservation of documents and materials used by the President during his tenure between 1999 and 2007.

Atiku’s son-in-law Abdullahi Babalele is being investigated alongside others for allegedly laundering 150 million euros. The money is believed to have been spent to influence the 2019 election in which Atiku was the Peoples Democratic Party (PDP) candidate.

About 67, 950,000 euros was traced to ex-VP Atiku’s associate Mr Uyi Giwa-Osagie’s account, Babalele’s account, two slush firms and two Bureau de Change operators.

Of the 67.9m euros, Uyi’s account was credited with 26,050,00 million euros between January 9 and 28, 2019, it was learnt.

Babalele is expected to account for 41,900,000 euros.

Sources said of the cash credited to Babalele’s account, he gave about N50million ($140,000) to his childhood friend, Bashir Mohammed to deliver to an official at the Presidential Library in Abeokuta. The anti-graft agency is investigating why the money was taken to the Presidential Library.

Bashir has reportedly admitted that he delivered the cash to the Presidential Library.

Of the 67.9m euros, Uyi’s account was credited with 26,050,00 million euros between January 9 and 28, 2019, it was learnt.

Babalele is expected to account for 41,900,000 euros.

Bashir has reportedly admitted that he delivered the cash to the Presidential Library.

A document obtained by our correspondent on the preliminary investigation reads: “That between 05/02/2018 and 27/11/2018 €41,900,000 (forty one million, nine hundred thousand euro) which sums are reasonably suspected to be proceeds of unlawful activities, was received by a firm linked to Babalele.

“That on February 20, 2019 Babalele called Bashir Mohammed his childhood friend and informed him that he will transfer N50million to him which should be converted to United States dollars.

“That Bashir converted the N50 million at the rate of 360 per dollar amounting to about $140,000

“That on the instruction of Babalele, Bashir took the money to Olusegun Obasanjo Presidential Library, and delivered it to an official in cash.

“That the cash delivered is in excess of the amount authorized by the Money Laundering Prohibition Act, 2011 as amended.

It was learnt that Bashir was taken by detectives to the Presidential Library.

Those interrogated including Babalele, Osagie and Mohammed, are on administrative bail pending the filing of a case against them.”

The EFCC gave details of how it foiled the alleged cash-for-poll laundering.

A report said: “On receipt of this intelligence, the team arrested two BDC operators, namely: Abdullahi Shehu who works with Abdullahi Munaciki of Hasbunallahu BDC, Abuja and Lawal A. Abdullahi of three Brother BDC. The team also recovered the said $1.6million but $141,000.00 had been exchanged to Naira at N358/ per dollar which amounted to N50, 500,000.00 while the balance of $1,459.000.00 USD could not easily be exchanged due to the naira scarcity in the market.

“Investigation conducted regarding the ownership as well as the source of the money so far revealed that Hasbunallahu BDC who is also the owner of Clean and Integrity Services Ltd received three transfers amounting to $5,000,000.00 on February 4 and 114, 2019, from Guernsey Trust Company Nigeria Limited which is an investment company that is being managed by one Uyiekpan Giwa-Osagie in trust on behalf of xxx.

”Investigation carried out on the accounts of Guernsey Trust Company Nig Ltd revealed that various transfers in millions of dollars and cash payments were made to various individuals and companies.”

Attempts by The Nation to speak to the ex-President failed last night.

Repeated calls to Chief Obasanjo’s spokesman Kehinde Akinyemi’s number did not go through.

Also SMS sent to Akinyemi’s phone number were not responded to.

The Nation.

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Featured

Nigeria’s Historic Bid for the 2030 Commonwealth Games: A Call for National and Global Support

Published

6 days ago

September 30, 2025

The Gleamer

Joel Ajayi

Nigeria is poised to make history as it seeks to host the Centenary Commonwealth Games in 2030, a monumental opportunity that promises to transform the nation’s economy, infrastructure, and global standing.

More than a sporting spectacle, the Games would serve as a catalyst for development across multiple sectors, leaving behind a legacy of national pride and sustainable growth.

The benefits of hosting the Games extend far beyond the sports arena. Nigeria stands to gain both empirical and non-empirical advantages, with direct, indirect, and induced impacts that will touch every corner of society. Infrastructural development will take center stage, with new facilities such as indoor sports halls, conference centers, and improved road networks reshaping urban landscapes while strengthening the nation’s capacity to host future international events.

Economic growth is another significant dividend. Over 10,000 jobs are expected to be created, spanning construction, facility management, event planning, and tourism services.

The hospitality industry will undergo major improvements as hotels and resorts are upgraded to meet international standards, while local restaurants, lounges, and tourist attractions will see a surge in patronage from international visitors. Small and medium enterprises, particularly in the transport, finance, and food service sectors, will become some of the greatest beneficiaries, as the Games generate new demand and expand opportunities for local businesses.
The Commonwealth Games will also accelerate the growth of Nigeria’s sports industry.

Investments in training facilities, coaching, and talent development will inspire a new generation of athletes, ensuring long-term benefits that extend beyond 2030, a major focus of the President Bola Tinubu administration.
At the same time, the process of preparing for the Games will create opportunities for Nigerians to learn new crafts, acquire technical skills, and engage in global-standard event management, thereby strengthening human capacity and innovation across industries.

Mallam Shehu Dikko, Chairman of the Nigeria Sports Commission, and Hon. Bukola Olopade, the Director General, have been widely recognized for their tireless and visionary leadership in repositioning Nigeria’s sporting sector.

Their commitment to facilitating infrastructural development and strengthening grassroots sports development has laid the foundation for Nigeria’s bold bid to host the 2030 Commonwealth Games. Under their leadership, the NSC is fostering strategic partnerships and driving innovation in sports administration, they have demonstrated the nation’s readiness to stage an event of such global magnitude.

Beyond the tangible gains, the hosting of the 2030 Commonwealth Games carries profound symbolic value. It would be a moment of unity and pride, a chance for Nigeria to showcase its cultural richness, resilience, and excellence to the world.
As a centenary edition, the Games would stand as a historic milestone not just for the Commonwealth but for Nigeria itself, cementing its place on the global stage as a capable, ambitious, and forward-looking nation.

The gains from hosting the Commonwealth Games can never be undermined or overemphasized. This is Nigeria’s time to step forward and show the world our resilience, and excellence. We call on every Nigerian, across sectors and communities, to support this noble aspiration.

Nigeria’s pursuit of the 2030 Commonwealth Games is a vision for transformation, a blueprint for national development, and a legacy project that will inspire generations to come.

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