PreviousNext

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

Kaduna Turns Bloody: 6 Dead, Governor El Rufai Stoned

Fight over a woman between two neighboring communities of Badarawa Kwaru and Unguwar Yero in Kaduna North local government area of Kaduna State has turned ... Full story

Exclusive: Balarabe Spits Fire, Says Buhari Is Weak And Incompetent

– Balarabe Musa said the atrocities being committed by suspected Fulani herdsmen across the country was because of the weakness of the government – President Buhari ... Full story

Read Shocking Explanation By Umer On How He Was Cleared Of Bribery By Attorney General

The Chairman of the Code of Conduct Tribunal, CCT, Justice Danladi Umar, has explained that contrary to the claim by the Senate President, Dr. Bukola ... Full story

20 Political Parties Want Saraki To Face Trial

No fewer than 20 registered opposition political parties in the country have called on the Senate President, Bukola Saraki, to come clean on the issue ... Full story

Buhari Condemns Attack By Fulani Herdsmen On Enugu Community And Orders Security Chiefs To Hunt Down Perpetrators

President Muhammadu Buhari has ordered security chiefs to hunt down those who perpetrated the attack on Ukpabu Nimbo community in Uzo-Uwani area of Enugu State ...

EFCC Apprehend Bank MD For Allegedly Helping Diezani Allison-Madueke Launder $115 Million Cash

Managing Director of a leading Nigerian commercial bank has been detained by the Economic and Financial Crimes Commission, EFCC, for allegedly helping former Petroleum Minister, ...

Breaking News: Army Arrest Major Boko Haram Suppliers

– Some Boko Haram logistics elements have been arrested by the army – The arrest was made  by troops of the 22 brigade on patrol through ... Full story

World Bank Seek More Time To Give Details On Spending Of Abacha’s Loot

The World Bank has asked for time to provide a detailed response to a request by the Socio-Economic Rights and Accountability Project, (SERAP) for information ...

Buhari Tells Government Officials: No More Funding For Medical Trips Abroad

The Federal Government said it has stopped providing resources to government officials to travel abroad for medical attention on cases that could be handled in ... Full story

EFCC Working With FBI And NCA To Transfer Obanikoro And Muazu To Nigeria

Nigeria's ex Defense Minister Musiliu Obanikoro and ex PDP National Chairman, Adamu Mu'azu are to be extradited back to Nigeria to answer some tough questions ...

2016 Budget: Buhari And National Assembly Leaders Resolve Grey Areas

President Muhammadu Buhari and leaders of the two chambers of the National Assembly on Tuesday night rose from a 10-minute meeting, saying all grey areas ...

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

Rate this article

0

Breaking News

Ideye Returns To Super Eagles

Brown Ideye is making a return to the Nigerian national team after he earned a call from the Super Eagles coach Salisu Yusuf on Wednesday. The ... Full story

Zidane Hopeful On Ronaldo

Zinedine Zidane is hopeful both Cristiano Ronaldo and Karim Benzema will be fit for Real Madrid’s Champions League semi-final second leg at home to Manchester ... Full story

Ex Eagles Keepers Hail Fantastic Enyeama

Former Nigeria goalkeepers Dosu Joseph and Joe Erico have hailed Lille shot stopper Vincent Enyeama after he was named among the top 10 goalkeepers in ... Full story

Tiwa Savage's Husband Nearly Committed Suicide In An Attempt To Jump Off Lekki-Ikoyi Bridge This Morning

Tiwa Savage's husband Tunji 'Teebillz' Balogun nearly killed himself as he tried to commit suicide after revealing shocking details about his cheating wife and broken ... Full story

Amber Rose Flaunts Wicked Curves And Massive Boobs On Instagram

Smoking hot! Cigarette-chomping Amber Rose puts on a busty display as she flaunts her wicked curves in sexy Instagram shoot.  32-year-old bald-headed s*xy model, Amber Rose ... Full story

Toolz Oniru In Nasty Drama With Fans After Revealing She Is Bleaching (Photos)

Newly married Nigerian OAP, Toolz Oniru who is famed for her massive hips and backside has been viciously criticized on social media by fans over ... Full story

Lagos Ports Busy As Imports Tumble

Activities at the Lagos ports have gradually come to a grinding halt as the foreign exchange restrictions announced last year by the Federal Government takes ... Full story

Teebillz Reveals Tiwa Savage Secret On Instagram: Tiwa Savage Slept With 2face, Don Jazzy And Others

Crisis may have set in the marriage of Nigerian singer, Tiwa Savage, threatening to destroy the relationship that has already produced a child. This is just ... Full story

Read Ghanaian Actress Tracy Boakye Shocking Reasons Why They Go Naked In Movies

Popular Ghanaian actress, Tracy Boakye, has highlighted reasons why women, especially actresses expose their bodies. The busty movie producer, known for her role in ‘Oh Vera’, ... Full story

Ghanaian Singer Obiba Sly Collins Confess How He Slept With 150 Nigerian Ladies

Obiba Renowned Ghanaian music star, Obiba Sly Collins said he had slept with over 150 Nigerian ladies. The singer who is based in Nigeria, disclosed that ... Full story