back2back:

this put it clearly within when Soludo was CBN governor.

I always knew that Soludo is a fraudster from the UBA indictment in US to this current case.

http://www.theage.com.au/national/push-for-rba-senate-probe-20091004-ghyn.html

ndu_chucks:

people like naijaking1 and beaf go soon come tell us say dis news na another means to bring about some northern agenda.  dem go soon say una need to give Soludo due process since nobody don convict am for any court.  Ibori sef dey innocent until court find am guilty.  

de ting wey I no understand be say, why dem no shout due process throughout de time wey de elites dey marginalize both de commoner of niger delta and de almanjiris of de north?

back2back:

CoolG,

You got it wrong.

UBA was fined because Soludo transfered money illegal from CBN into UBA NY account for his African Finance Center(AFC)

UBA did not want to disclose this but rather ready to pay fine of $5million!

Bello Osagie left UBA before 2007. Get your facts right!!!

banom:

Andy Uba at work

back2back:

CoolG,

You got it wrong.

UBA was fined because Soludo transfered money illegal from CBN into UBA NY account for his African Finance Center(AFC)

UBA did not want to disclose this but rather ready to pay fine of $5million!

Bello Osagie left UBA before 2007. Get your facts right!!!

Epiphany:

While i want to state that waiting for evidence is always a rule of law, as you cannot convict anyone without the proper evidence, i would also like to say that MORE OFTEN THAN NOT waiting for evidence in Nigeria is like trying to squeeze water out of a rock. In cases such as this, there is NEVER any evidence (or enough evidence) to bring anyone to book and that is why there are still a lot of government thieves and murderers out there. This is especially the case when there are no foreign institutions involved in these criminal cases. If the UK was not involved in Ibori as well as Alamieyeseigha's cases, there would NEVER have been any evidence to convince us Nigerians that these guys were crooks. Left to our own institutions: the police, legal system, records systems etc, all politicians are INNOCENT, and have never dipped their hands into public funds.

It is in Nigeria that evidence dey waka, evidence dey burn, people dey bribe evidence, people dey kill evidence, etc.  

HOWEVER, even in cases where there is enough evidence to convict, people still dey waka as free men. In essence, even if the evidence against Soludo is produced, he may still walk away a free man and become the governor of Anambra tomorrow.

naijaking1:

If only people could control their anti-Igbo rhetorics for one second, then we would all focus on getting to the bottom of this case. My recommendation of parading a convicted bribery taker naked in handcuffs around the market square should be applied to all and sundary without regards to tribe, religion, or political patronage. This ideal may seem too high for some tribalistic mudrackers in this forum like ndu chucks and Ibime, but that is the proper approach.

Ibime:

Is this necessary?

back2back:

CoolG,

You got it wrong.

UBA was fined because Soludo transfered money illegal from CBN into UBA NY account for his African Finance Center(AFC)

UBA did not want to disclose this but rather ready to pay fine of $5million!

Bello Osagie left UBA before 2007. Get your facts right!!!

naijaking1:

When 'reasonable' people you begin to imply that the evidence against the former CBN governor is because he sent his kids to expensive schools, and had 2 houses in UK, then the deep seated hatred and unwarranted aggression against Igbos begin to show themselves.

blacksta:

Another brainwashed mugu - On what salary is a man able to afford a house in a prime location in london and private school fees for children.

In my own case, i did a consulting work for an European bank to upgrade their banking server. For the one year consulting work, the consulting fee was $1,000 a day.

All i wanted to bring out is that Soludo can afford to buy a mortgage in UK from his earnings and pay his children tuition even before he became CBN governor.

AFC: Soludo Spent $17m As Pre- Operational Expenses

From: SULE AMUDA Abuja


http://www.nationalmirroronline.com/cove/article02

The probe panel inaugurated by the federal government to investigate the whopping $462 million investment by the Central Bank of Nigeria (CBN) in the Africa Finance Corporation (AFC), has revealed that Professor Charles Soludo, the embattled governor of the apex bank spent $17 million as pre-operational expenses to mid-wife AFC before commencement.

According to the highlights of report of the panel headed by the director of operations of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to President Umaru Musa Yar'Adua, the said amount was allegedly spent on consultancies and travelings.


The report also stated that Soludo transferred to foreign accounts of AFC the sum of N750 million in November, 2007 and another N143 million in March, 2008.

It also frowned at the decision of Soludo to have accepted to be the Chairman of AFC in his personal capacity, noting that this is a clear violation of Section 9 of CBN Act 2007 which disqualify principal officers of the CBN from holding any office by virtue of their respective office

Ibime:

Dont be silly now. . . . I was reacting to a newspapers report questioning Soludo's wealth, detailing that he only earned about N10m a year or so as head of CBN. . . . when I was informed of the fees he earns from consultancy, I retracted my position.

In your usual reactive fervour, you have seen this as an anti-Igbo agenda despite my oft-stated support for the Biafran cause. Why should I not have a right to question Soludo knowing the corrupt practices that went unchecked under his watch at CBN? According to the Australians, a bribe was paid under Soludo's tenure. I dont know if he was in charge of procurement of contracts, but I am subscribing to the thread all the same to see what becomes of the case. . . . am I not allowed to have my suspicions?

naijaking1:

I will have no qualms throwing the first stone at Soludo (as an Igboman) if he is found guilty according to the laws of the land. Even if it's apperent the course of justice maybe very long, we must not rush to condemn a man who might be innocent. I say this for Igbomen, Hausamen, Yorubamen, Ijawmen, Hupe/Tiv/Ogoni/Edomen too.

back2back:

which European Bank? tell us which country?

Sorry, i am unable to give you the name of the bank. I signed an NDA. Since i have already stated the consulting fee i can no longer state the name or i will be in breach of my NDA.

How much did your employment agency took from you?

None. I did not use an employment agency. With all modesty, I have expertise in certain areas of banking systems. Not everyone in consulting uses employment agency (or agencies)

How much taxes was  deducted?

Individual tax for married status is usually between 10% - 15%. For the year in question which was 2007, the adjusted tax rate was 12% in my tax return.

How much is left for you to spend?

Sorry, i believe you can do math. Apply my tax rate on the AGI and deduce that.

Buying mortgage in UK is actual free for all unless he paid FULL.

Why the outrage and the unfortunate statement from you if mortgage can be free. You do not know when he bought the said property (or properties), you do not know if he put down 10% or 20% or 30%, etc towards the cost of the mortgage, you do not know if he paid in full. Even then, you also seem not to know the probable financial status of the former CBN governor before he came to CBN based on your previous statements.

ndu_chucks:

some people still dey bury head inside sand like ostrich. de above comment show gross ignorance of de modus operandi of de legal system for nigeria. people siddon for america or uk dey expect american justice for naija.

according to de above logic, ibb, abacha, ibori, and others like dem, dey completely innocent and make una leave dem alone until naija court find dem guilty. una know say, so far, court don find many many of de thieving elite guilty. 

naijaking: ya homework be dis: name one ex governor, ex-president, or other thieving elite wey dem don convict of any crime for naija?   

ndu_chucks:

some people still dey bury head inside sand like ostrich. de above comment show gross ignorance of de modus operandi of de legal system for nigeria. people siddon for america or uk dey expect american justice for naija.

according to de above logic, ibb, abacha, ibori, and others like dem, dey completely innocent and make una leave dem alone until naija court find dem guilty. una know say, so far, court don find many many of de thieving elite guilty.

naijaking: ya homework be dis: name one ex governor, ex-president, or other thieving elite wey dem don convict of any crime for naija?

biggjoe:

You cannot just convict anybody because it is obvious that he/she is guilty. In civilization due process must be followed if not why shouldnt every state employ bakassi boys.

It must be hard convicting high profile criminals and thats because they often cover their tracks well but that is no reason why jungle justice will be applied.

The LAW is an arse ass. havent you heard that before? Why do you think they cut deals with lower criminals in order to convict bigger ones.

naijaking1:

Alhaji ndu_chucks, with all due respect, my head hurts when I try to read your pidigin English. However, I see you mention my name once in a while.

back2back:

****************Soludo is A FRAUD****************

biggjoe:

You cannot just convict anybody because it is obvious that he/she is guilty. In civilization due process must be followed if not why shouldnt every state employ bakassi boys.

It must be hard convicting high profile criminals and thats because they often cover their tracks well but that is no reason why jungle justice will be applied.

The LAW is an arse ass. havent you heard that before? Why do you think they cut deals with lower criminals in order to convict bigger ones.

ndu_chucks:

@naijaking1 and coolG; sooner or later wind go blow, fowl yansh go open.  de ting wey I no understand be,  why una no champion de cause of the ordinary niger delta people with de same vigor wey una take dey yap about ibori, soludo, or any of de elite wey don rob una blind?

na people like una still dey wait for evidence say ibb and abacha steal any money from treasury. 

ndu_chucks:

oh boy, you sabi read at all? you sef answer my question: how many ex Governors,  ex- Presidents, or any of your thieving elites have ever been convicted in your civilized Nigerian court system?

una dey here dey talk of lynching and mob action; una don forget say, de tings wey ibori and the rest of de thieving elites don do una pass mob action.  i suspect say you sef follow dem share inside de spoil.

ndu_chucks:

dat ya excuse no go work. we all know that you are brilliant enough to fully understand what you've been asked. biko nwanne m, stop hiding, answer de question.

back2back:

CoolG,

You got it wrong.

UBA was fined because Soludo transfered money illegal from CBN into UBA NY account for his African Finance Center(AFC)

UBA did not want to disclose this but rather ready to pay fine of $5million!

Bello Osagie left UBA before 2007. Get your facts right!!!


I guess you did not read the report. Please do. They forfeited $5.3M. That particular transaction had nothing to do with Soludo. Actually that was the transaction that led Soludo to ask Keem to resign and divest. May be there was/is another money laundering case pending in NY you know about. I am interested in looking at the case. Besides, i know when Keem left. STB bought over his interests in 2005. That was a condition to avoid prosecution.

naijatoday link=topic=332857.msg4671612#msg4671612 date=1254756317:

Thank You oh!!!!!!!!!!!

May be if you had read the report by yourself, you might not be so gleeful.

nethacker:

[b][color=#006600]c d bankers talking  u r ryt dear
[/color][/b]

Do you think he's correct in his assertion? Please read the report by yourself.