New York Judge Orders 10 United States Banks To Release Documents Relating To Money Laundering Allegations Against Ex-President Jonathan, Wife

A New York federal judge has ruled that Nigeria can subpoena 10 banks in the United States for information the country needs to prosecute government officials allegedly connected to a British Virgin Island engineering firm's bribery scheme and subsequent $9.6bn arbitral claim, according to law360.com.

The Nigerian Government had last month asked the court to compel the banks to release account details of former President, Goodluck Jonathan, his wife, Patience, former ministers of Petroleum Resources, Mrs Diezani Alison-Madueke and Rilwanu Lukman.

The banks listed include Citigroup, JP Morgan Chase and New York branches of Deutsche Bank AG and United Bank for Africa Plc.

Nigeria is requesting “all documents concerning any transactions to, from, or for the benefit” of Jonathan and his wife between 2009 and this day.

District Judge, Lorna Schofield, who gave the ruling, ordered the banks to allow the Nigerian Government have access to the account details to enable it prove that the $9.6bn arbitration was obtained by Process and Industrial Development by fraud.

According to court documents, the Nigerian Government is seeking the bank documents to help an ongoing investigation by the Economic and Financial Crimes Commission to know individuals in the Process and Industrial Developments Ltd gas deal, especially the roles of Lukman and Alison-Madueke.

It said the 10 banks are “likely to have processed US dollar transactions connected to P&ID’s operations as either correspondent banks or the New York branches of foreign lenders”.

It however, said it had yet to find “direct evidence” that Jonathan, Alison-Madueke and other politicians received payments from P&ID or its affiliates.

The Nigerian Government said Lukman during his time as minister signed the contract while Alison-Madueke was responsible for the “flagrant mishandling” of government’s arbitration strategy until 2015.
http://saharareporters.com/2020/05/11/new-york-judge-orders-10-united-states-banks-release-documents-relating-money-laundering

The one sided corruption fight continues.

Na wao......

Whatever! While the tyrant is at that though, he should actually order the banks to release banking information of all former and present political criminals AKA political leaders from the past 60 years including himself.

Let the information be public and let the media do the rest for EFCC. That’s if we’re pretending to fight corruption

Good one!

Hope it's not Audio as Usual!

Laugh

SLAP44:
The one sided corruption fight continues.

When your candidate wins let him fight the other side of corruption.

This is a wonderful development. Hopefully, FG will get enough evidence from the accounts to prove its case against P&ID. The P&ID contract was a complete fraud against the people of Nigeria. Nigeria will not pay a kobo to that corrupt company and its corrup Nigerian allies.

Wow!!! So happy for this ,Buhari chop knuckle. After this regime the next regime should follow suit. Enough of donating money from heaven like Abacha.

Na wa

Let's see how this goes.

Stealing can never be corruption according to Oga Ade

I wish the recovered loots are judiciously utilized, it would have not bothered anyone. But the cash is being re-looted. When the schools resumption date has not been announced but the resumption of school feeding has been announced, what do you expect?

Jonathan is weak and corrupt,

Good! Let's start unbundling the facts.Add Mohammed Sanusi Barkindo to that list pls.He was the GMD NNPC during that era & part of the present cabal.

seunmsg:
This is a wonderful development. Hopefully, FG will get enough evidence from the accounts to prove its case against P&ID. The P&ID contract was a complete fraud against the people of Nigeria. Nigeria will not pay a kobo to that corrupt company and its corrup Nigerian allies.

I think you're wrong.Nigeria paid the PI & D the $200M deposit to fight back against the initial judgement that is favouring the company.Meanwhile Nigeria is yet to win the appeal let alone the $9.6B debt still hanging on it neck.
https://desertherald.com/9-6b-judgement-fg-pays-250000-cost-to-pid/

Good. The chicken is coming home to roast.

If she really stole $9bil offshore then she did very bad to Nigerians.

Good.

All angles & possibilities need to be checked out & this should include other personalities involved not just GEJ & AM...

Paperwhite:

I think you're wrong.Nigeria paid the PI & D the $200M deposit to fight back against the initial judgement that is favouring the company.Meanwhile yet to win the appeal.
https://desertherald.com/9-6b-judgement-fg-pays-250000-cost-to-pid/

We paid $250,000 and not &200m. The payment was made out of respect for the court and in order to continue with the appeal process. Once the appeal succeeds, we’re getting back the $250,000 from P&ID.

Paperwhite:

I think you're wrong.Nigeria paid the PI & D the $200M deposit to fight back against the initial judgement that is favouring the company.Meanwhile Nigeria is yet to win the appeal let alone the $9.6B debt still hanging on it neck.
https://desertherald.com/9-6b-judgement-fg-pays-250000-cost-to-pid/

Are you happy that the country is going to pay some set of people $9.6B for doing nothing?

I forsee GEJ being dealt with in this PMB second term with the situation of things and downturn in the Oil sector.

GEJ and her husband, Patience might soon end up in jail.

seanfer:
Are you happy that the country is going to pay some set of people $9.6B for doing nothing?

Of course not happy because if we loose this case, it will be a catastrophe on the Nigerian nation.However, we pray Nigeria argue its case convincingly & win.

seunmsg:
We paid $250,000 and not &200m. The payment was made out of respect for the court and in order to continue with the appeal process. Once the appeal succeeds, we’re getting back the $250,000 from P&ID.

Ok.Thanks.

socialmediaman:
Whatever! While the tyrant is at that though, he should actually order the banks to release banking information of all former and present political criminals AKA political leaders from the past 60 years including himself.

Let the information be public and let the media do the rest for EFCC. That’s if we’re pretending to fight corruption

Does he possess any foreign bank account? Goan do ya diligent research well before posting hearsay! hiaaannnn

BigBee78:
Does he possess any foreign bank account? Goan do ya diligent research well before posting hearsay! hiaaannnn

So you did your diligent research and you’re sure GEJ possesses a foreign bank account? Oh I forgot, the tyrant didn’t have money to buy nomination form but his kids schooled abroad!

Paperwhite:
Of course not happy because if we loose this case, it will be a catastrophe on the Nigerian nation.However, we pray Nigeria argue its case convincingly & win.

That’s the reason the Govt is doing everything possible by law to gather enough evidence that these set of people are nothing but thieves that want to steal from the nation.

Paperwhite:

I think you're wrong.Nigeria paid the PI & D the $200M deposit to fight back against the initial judgement that is favouring the company.Meanwhile Nigeria is yet to win the appeal let alone the $9.6B debt still hanging on it neck.
https://desertherald.com/9-6b-judgement-fg-pays-250000-cost-to-pid/

No, the money was deposited with the court to allow Nigeria institute her own side of the case and the money will be with the court until the outcome of the case is determined. PI & D hasn't received anything.

Also, Nigeria has won the first level appeal and with this recent judgement, Nigeria might win the case eventually

socialmediaman:


So you did your diligent research and you’re sure GEJ possesses a foreign bank account? Oh I forgot, the tyrant didn’t have money to buy nomination form but his kids schooled abroad!

When monies are found what would be your next tune?

SLAP44:
The one sided corruption fight continues.

That may be true but it is surely in Nigeria's interest that we succeed in this appeal and if exposing the fraudulent dealings of the GEJ government assists, so be it.

You are failing to distinguish between anti-corruption efforts that are mere public relations exercises and efforts that have the substantive goal of recovering stolen funds or avoiding major financial loss.

Egunegun don enter plane