Nigeria's President, Muhammadu Buhari’s vows to probe governance affairs of his predecessors is hitting a turbulent snag, and repercussions may spew a boomeranging effect. President Buhari has pledged to recover amounts of stolen oil money and bring those responsible to book. Buhari told an audience at the Nigerian Embassy in Washington on a Tuesday evening forum that the United States and other countries would help Nigeria to trace such accounts. "We will ask that such accounts be frozen and prosecute the persons. The amount involved is mind-boggling. Some former ministers were selling about one million barrels per day," Buhari claimed.
But President Buhari’s anticipated collaboration with the United States to trace threads of frauds in the oil sector, International Guardian gathered is being taken seriously by a former Nigerian President, Olusegun Obasanjo, considered as one of Nigeria’s most corrupt past leader by most western countries. The United States has indicated it would help Nigeria's new leader track down billions of dollars in stolen assets – a move that may expose previous fraudulent engagements in the Obasanjo’s regime. Obasanjo, it was gathered, was uncomfortable with Buhari’s approach, and has started compiling vital documents linking Buhari to a series of public money theft as a retaliation.
Former President Obasanjo is the only one to rightly expose President Buhari’s negative past records of public accountability, and a reliable source told International Guardian that “Baba is watching every move and might hit the blogs at the right time with documents that would shock the nation.” For instance, Buhari as the chairman of the Petroleum Trust Fund (PTF) between 1998-99, Buhari failed to account for a missing 25 billion naira, confiscating all related documents and obstructing all investigative channels. Buhari’s refusal to corporate with investigators, and again, confiscation of related documents jeopardized any attempt to immediately probe him.
On assumption of office in 1999, Chief Obasanjo disbanded the PTF and found that the funds that accrued to the PTF stood at N 181 billion. It was also found out that the consultants appointed by Gen Buhari as the Executive Chairman had fleeced the country of funds running into billions. In 2000, Obasanjo’s regime set up a provisional committee to probe the affairs where Buhari’s fraudulent activities were blatantly exposed. Information from Obasanjo’s camp thus far indicates that the current drums of war over “who-stole-what” may not look good on the general, it was gathered.
Obasanjo’s dossier also included documents linking key Buhari allies and colleagues in his administration to major fraud-related affairs of the government. In a reaction to the controversy, an informant close to Obasanjo’s camp simply told International Guardian’s reporter in Abuja, “Baba dey kampe,” a common phrase about readiness for action, often attributed to Obasanjo.
The United States’ promise to help Nigeria track down billions of dollars in stolen assets, it was gathered, may further expose a possible connection between key members of the All Progressive Congress with Boko Haram. It may be recalled that in May 2015, Nigerian security agencies through collaboration with the United States intelligence linked a co-owner of two major ongoing businesses in Abuja, the nation’s capital as a ring leader in a major terrorist operation in the country. Ikedichi Iweha, and Fauzi Fawad, the of Amigo Supermarket and Wonderland Amusement Park, was named as members of a Lebanese Hezbollah terrorist cell in Nigeria. Hezbollah was categorized by the United States of America as a terrorist operative group in the world.
Also in 2014, the United States took control of more than $480 million siphoned away by former Nigerian dictator Sani Abacha and his associates into banks around the world. Washington, it was gathered, has broad powers to track suspicious funds and enforce sanctions against individuals. Abacha is suspected to have looted the public purse of some $2.2 billion, squirreling away the money in European accounts. Consequently, Switzerland agreed to return some $380 million seized in Luxembourg in 2006, after a deal in which Nigeria accepted to drop a case against Abacha's son.