President Jonathan, Two Nigerian Ministers Reportedly Involved in Stealing One Billion Dollars from Fuel Subsidy Funds

Some of the high profile suspects arraigned on Wednesday for stealing $6.8 billion oil subsidy funds have sent a strong warning to President Goodluck Jonathan to desist from prosecuting them or face a full disclosure of how they funneled close to $1 billion towards his 2011 presidential campaign through the oil resources minister Diezani Allison-Madueke and the Minister for the Niger Delta, Godsday Orubebe.see full details inside

SaharaReporters sources say that operators of Ontario Oil and Gas Limited, whose Managing Director, Adaoha Ugo-Ngadi, was docked along with 20 others, have compiled information that was sent to President Jonathan that includes:
• How they specifically handed over $300 million through the Minister for Petroleum Resources, Allison-Madueke, towards the election of President Jonathan in 2011; and
• That they bought a mansion for Mr. Orubebe in Abuja worth N600 million.
Saharareporters learned that the accused Ontario Oil chieftains were shocked by the public humiliation brought upon them by the EFCC. The most powerful member of the Ontario clan, Walter Wagbatsoma, reportedly left Nigeria for Paris shortly before the commencement of prosecution by the EFCC.
Meanwhile, EFCC officials have confirmed to SaharaReporters that Mr. Wagbatsoma has not written any statement or appeared before the agency even though he was listed as one of those to be arraigned by the EFCC. He is believed to have the key to unlocking the involvement of Mrs. Diezani Allison-Madueke in the oil subsidy fraud.
Specifically, Wagbatsoma is reportedly in possession of a private jet bought last year that he is holding in trust for Mrs Allison-Madueke. A source in Abuja also said that Mr. Orubebe is on the board of Ontario Oil, although he may not be publicly listed. Wagbatsoma is listed as the owner of several companies used to siphon off funds from the oil industry, they include: Ontario oil & gas Ltd., Ontario trading Ltd, Ontario storage terminals Ltd., ontario vessels Ltd., Ontario Drilling and Engineering services.
In Lagos today, the prosecution suffered another setback as the court adjourned following the failure of Wagbatsoma to appear at the trial. The proceedings were equally stalled yesterday by the absence of the Attorney General of the Federation, Mohammed Bello Adoke.
Sources knowledgeable about the intrigues surrounding the trial have already predicted that due to the current threat to expose President Jonathan and some of his most powerful ministers, the case will fizzle out over time.
Culled from a news website based in New York, Sahara Reporters

Jim Iyke Begs Habiba Over His N15m Scam (Attached Evidence)

The alleged 15million fraud case against Nollywood actor, Jim Iyke may not end soon if the latest development turns out to be real.

According to some documents sent to Nigeriafilms.com, Habiba has through her office, debunked rumour spread by Jim Iyke that the case was quashed in court for lack of evidence.

Contrary to what Jim Iyke earlier told the media that the case was quashed from court, Habiba claimed that the matter was only withdrawn from court after Jim Iyke begged Habiba to do so.

We learnt that Jim Iyke went to Habiba’s Abuja home along with his aged parents begging her to take the case away from the court and ‘temper justice with mercy’.

This was agreed to by Habiba, who then gave Jim Iyke some conditions before the case could be taken out of court, which Jim Iyke was said to have agreed to.

The conditions given to Jim Iyke by Habiba were;
1. He (Jim Iyke) must tender a written public apology to Habiba Abubakar in at least two Nigerian daily newspapers and
2. he (Jim Iyke) must pay back the N16.5m he collected from Abubakar in a specified account. This could be done in instalments of at least N200,000 monthly.
see evidence inside

The second condition, according to Habiba is a clause to take Jim Iyke to court to force an immediate payment of all outstanding payment if he defaults in honouring the monthly instalmental payment for a couple of times.

These conditions were said to have been agreed with and signed by Jim Iyke. Habiba has warned Jim Iyke not to feed the media and the people with wrong information about the matter.

Nigeriafilms.com contacted Jim Iyke’s manager, Omar Oyin Bala to get the side of their story. He said that the case was thrown out of court because Habiba had no evidence to nail Jim Iyke. When told that there were some signed documents which showed that Jim Iyke apologised to Habiba, he said he does not know where she got the documents from.

Here are some of the documents sent from the office of Habiba Abubakar backing her claims to www.Nigeriafilms.com

Jim Iyke is presently in London.