Mohammed Bello Adoke, Nigeria’s Attorney General and Justice Minister, Admits Ownership Of Bank Accounts

// News | Top Stories | Mohammed Bello Adoke, Nigeria’s Attorney General and Justice Minister, Admits Ownership Of Bank Accounts
Email to a friend Plain text Print version // Font size: Decrease font Enlarge font

More details are emerging about the corrupt deals of Nigeria’s Attorney General and Justice Minister Mohammed Bello Adoke – as well as the man’s mind-boggling deposits in numerous bank accounts.

Some 24-hours after an online news website, ireports-ng, published details of Mr. Adoke’s multi-million dollars in secret bank accounts, Nigeria's controversial attorney general admitted to another website that he in fact owns accounts in the banks reported by the website.

Mr. Adoke told Pointblanknews that he indeed owns the accounts, but claimed the deposits in the said accounts were not up to the amounts published by Ireports-ng.

“I have accounts with FCMB and Diamond Banks. I have a salary account with Intercontinental Bank and these are the only accounts I have been operating since I was appointed Attorney-General,” he told Pointblanknews.com. Then he added: “But the accounts in the said banks are far, far lower than the figures they are peddling.”

But the minister’s attempt to understate his staggering cash holdings has triggered more
revelations of his financial shenanigans.  iReports.ng has released more devastating
information about Mr. Adoke’s ties to and financial involvement with several companies
that have ripped Nigerians off in fuel subsidy scams.

The site reported that some of Mr. Adoke's close allies, infuriated with his despicable
role to put down the on-going nationwide strike in the country, have provided documents
that lay bare the minister's stupendous wealth hidden in over 25 blue chip companies in
Nigeria – including firms that have reaped fraudulent profits from the contentious oil
subsidy funds.

A rundown of the documents made available to ireports-ng.com reveal that Mr. Adoke is
a major investor in Oando Oil, a firm that gulped down more than N228 billion out of the
N1.4 trillion shared by about 100 oil marketers between January and August, 2011. The
website’s investigation indicated that the Justice Minister owns an investment of about
N1.5 billion in Oando Oil PLC.

Other documents also show that Mr. Adoke has a major investment stake in Eterna Oil which raked in about N5.57 billion from the fuel subsidy bonanza. In addition to N1 billion investment in Eterna, the minister also has N2 billion tucked in a company called Novasys Ltd.

A top-level political source in Abuja who is close to President Goodluck Jonathan told
SaharaReporters today that the attorney general’s cozy relationship with some of the oil
marketers was the reason the government has refused to pursue the option of prosecuting
fraudulent profiteers who have cheated Nigerians of hundreds of billions of naira in the
name of fuel subsidy.

“Mohammed [Adoke] and others in government are getting their share of the subsidy
funds – and that’s why nobody is talking about trying those defrauding the system,” said
the source.

Mr. Adoke’s corrupt deals also extend to the banking, telecommunications and real estate
sectors. Reliable informants reveal that the minister has extensive investments in major
banks in the country. Some of them include about N400 million in Oceanic Bank; N200
million in UAC properties; about N20 million in Guaranty Trust Bank; about N360
million in Access Bank; about $400,000 US dollars in MTN; about N1 billion in Japaul Oil & Maritime; about N15 million in Bank PHB; about N100 million in First Bank; about N20 million in FCMB, and about N6 million in Unity Bank PLC.

Saharareporters had earlier exposed Mr. Adoke’s central role in pushing the Central
Bank of Nigeria to pay a businessman and associate of the minister an outrageous sum to
purchase a NITEL property that the businessman had bought cheap from the government.

Following our earlier report about the minister’s bank accounts, a source in one of the
banks revealed that Mr. Adoke had initiated moves to deplete his funds in the bank.

Other sources disclosed that Mr. Adoke owns more than 30 luxury vehicles that he has
purchased in the last three years alone. In addition he owns several landed properties in
Abuja. A source in the Ministry of Justice told SaharaReporters “it is well known that
the minister collects money, cars and cash from individuals and corporations on whose
behalf he subverts the course of justice.”

Saharareporters has consistently revealed that Mr. Adoke has distinguished himself as
one of the most fraudulent and corrupt ministers in the Jonathan regime. His immersion
in corruption follows a trend set by disgraced former Attorney General Michael Aondoakaa.

Like Mr. Aondoakaa, who was close to former Supreme Court Justice Aloysius Katsina-
Alu, the current AGF used his closeness to the same (now retired) justice to secure his
place in President Jonathan’s cabinet. Through his closeness to the notoriously corrupt
Katsina-Alu, Mr. Adoke fixed the apex court’s verdict upholding Mr. Jonathan’s election
as president.

Our political sources said the president is as indebted to Adoke as the late President Umaru Yar’adua was to Aondoakaa.

A source described Adoke as “one of President Jonathan's most powerful ministers,” adding that the minister is “a core member of the president’s kitchen cabinet.”

 

Related News:

Minister Of Justice, Bello Adoke's Multi-Million Dollars Hidden Bank Accounts, Exposed!

Tagged : Nigeria Bans Dana Airlines, Halle Berry, Divine Grace Church, Jonah Elili, Ghana versus Nigeria, tinsel1000, Seyi Hunter, Olalekan Ojo, Seidu Atteh, Karim Benzema

Headlines Newsview all

Multiple Bomb Blasts At Gombe Motor Park, Many Feared Dead!

Reports reaching us suggest that a multiple bomb explosion this morning rocked the Gombe Line Motor Park in Gombe, the Gombe state capital, killing at least ...

Burkina Faso's President Blaise Compaore Resigns After Ruling For 27 Years

Burkina Faso's President Blaise Compaore is no longer in power, an army spokesman has told demonstrators in the capital, Ouagadougou. Mr Compaore had earlier said he ... Full story

Boko Haram Militants Kill Lecturer And Family, Seize Northeast Nigerian Town Of Mubi

Islamist Boko Haram militants have seized control of the northeast Nigerian town of Mubi, killing dozens of people and forcing thousands to flee, witnesses said. The ... Full story

Joy Williams, 23 Year Old Nigerian Dies In Thailand After Illegal Buttock Augmentation Surgery

Joy Williams, 23, from Thamesmead, was described as a 'caring and funny' girl who was 'loved by everybody. She died on October 23 after travelling to ... Full story

Nigerian Soldiers Arrested For Working As Spies For Boko Haram

Soldiers in Nigeria’s military may be working as moles for Boko Haram, giving the terrorist group vital information about the military’s strategies and tactics. News site, ... Full story

Centers for Disease Control Admits Ebola Can Be Spread Through The Air

Ebola is a lot easier to catch than health officials have admitted — and can be contracted by contact with a doorknob contaminated by a ... Full story

Boko Haram Terrorists Invade Adamawa State, Besiege Mubi

Hundreds of Nigerian soldiers are reportedly leaving the town of Mubi in Adamawa State, as members of the terrorists’ group, Boko Haram, make advances to ... Full story

Nigeria's First Lesbian Wedding Takes Place In Lagos

The end times are finally here. Some of the things we used to say can never happen in Nigeria are beginning to unfold and unfurl ... Full story

Stephen Keshi Returns As Coach of Super Eagles

Chris Giwa, the Nigeria Football Association (NFA) Chairman who was restored to office on Thursday by a Jos court ruling, said on Monday that sacked ... Full story

Escaped Chibok Girl Reveals How Boko Haram Militants Raped, Beat Them Every Night

He soon began to threaten me with a knife to have sex with him and when I refused, he brought out his gun, warning that ...

Kenneth Okolie, Former Mr Nigeria Eyes Politics

Nollywood actor and model, Kenneth Okolie, has disclosed that dating an actress is the worst mistake an actor can make. The former Mr. Nigeria, who is ...

Comment on: Mohammed Bello Adoke, Nigeria’s Attorney General and Justice Minister, Admits Ownership Of Bank Accounts

Rate this article

0

Featured author

chuky01

Breaking News

Uche Nnanna Shares New Stunning Photos

Nollywood actress Uche Nnanna who relocated to Spain with her husband Richard Maduka after their April 2014 Wedding has not stopped sharing pictures of her ...

Kcee, Please Help The 4year Old Boy Bitten by Dogs in Igando and Leave Cars Alone By Nathan Nathaniel

No hating or what so ever, but does singer, Kcee, seriously need fleet of cars just to show how excited he is about his fortune ...

I Don't Mind Going to the Court at Old Age……… Yvonne Jegede

Nollywood actress, Yvonne Jegede, has revealed that he long absence in the make-belief industry, was to make her get another career in which she could ...

I am Yet to Spend my N3 Million…….Singer, Emmaculate Patience Edache

MTN Project Fame West Africa season 6 first runner-up, Emmaculate Patience Edache, has revealed that the prize money she won at the reality show is ...

Nigerian Artistes Should Learn From Me- Eedris Abdulkareem

One time top Nigerian rapper, Eedris Abdulkareem has beckoned on other budding music stars to learn from him and his style of music.Eedris analysed the ...

What Is It Called When There Is Too Much Maggi In A Food?

Do you have a story/gist for publication? Please email it to story@nigeriafilms.com Wahala de Ben | 10/31/2014 2:45:06 AM Ok na me call am maggri hahaha l no ...

Annie Idibia's Words For Single Ladies

Do you have a story/gist for publication? Please email it to story@nigeriafilms.com Anis | 10/31/2014 12:28:23 AM You are indeed a queen blessed and crowned by God ...

How Childlessness Almost Tore 6-Year Old Marriage Apart

The once lovely union between one Mr. Sodiq Oseni and his wife, Kemi, was at the verge of hitting the rocks but for the intervention ...

COSON does not Support any Political Party……. Tony Okoroji

Copyright Society of Nigeria (COSON) has announced that it is throwing its weight solidly behind the aspiration of its frontline member, Kenny St. Best (KSB) ...

"Mobile Phones: A Curse Of A Blessing?"

In the twenty first century, mobile phones are having such a large impact that they have become an in inevitable part of our society. Nowadays, ...