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

Police arrest power-drunk cop’s team members in the Lekki area of Lagos State

The police have arrested other six cops at the scene of the torture of a couple in the Lekki area of Lagos State. A police source ... Full story

S3x Goddess Maheeda Wants To Sleep With President Jonathan

Maheeda is dreaming of sleeping with President Goodluck Jonathan! We will never stop hearing and amazing at what Naija Bad Girl, Caroline Sam, aka Maheeda, would ... Full story

Lucy Gbagyo, 27 year old woman jumps from moving vehicle to her death few weeks to wedding

What a sad end for a lady who would have been married in February next year as she jumped from a speeding vehicle to her ... Full story

Ola Adeola, Prominent Nigerian Lawyer Murdered In Her Home In Oniru, Lagos

The Lagos state Police command is currently investigating the murder of a leading insurance practitioner and lawyer, Mrs Ola Adeola who was found dead with ... Full story

Okupe: Jonathan is like Jesus Christ

A Senior Special Assistant to President Goodluck Jonathan, Doyin Okupe, says the President is just like Jesus Christ.He said the burden Jesus carried when he ... Full story

Buhari Would've Done Better For Niger Delta Than Jonathan – Asari Dokubo

Alhaji Mujahid Dokubo-Asari, one of the biggest supporters and kinsman of President Goodluck Ebele Jonathan, has declared that the president has lost the support of ... Full story

Cynthia Morgan's wardrobe malfunction got everyone talking

Cynthia Morgan literally set the stage on fire with her energetic perforance of Ï'm taken "at the Headies last night..However, her bosom  threathened to spill ... Full story

Boy Slaughters 2 Sisters, Mom In Zamfara

A callous son is in the dock for masterminding the gruesome murder of his mother and sisters.How wicked can a son be to murder his ... Full story

An 18-Year-Old Boy Arrested for Arranging Gang Rape of Girlfriend, 16

A teenager who belongs to a cult group is in trouble for organising his friends to gang-rape his girlfriend.An 18-year-old teenage boy, Oluwole Seyi, a ... Full story

Obasanjo: I Didn't Know About Stella's Tummy Tuck That Led To Her Death

A former President, Olusegun Obasanjo has said that he had no knowledge of his late wife, Stella’s plan to undergo the cosmetic procedure that led ... Full story

Stella Damasus Fumes - It's Not Your Business If I Have 50 Husbands

There have been reports that delectable actress, Stella Damasus snatched Daniel Ademinokan from his pretty wife, Doris Simeon. But since then, the actress has kept ...

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

Rate this article

0

Featured author

Mandy Heuman

Breaking News

New Video: Solidstar ft. Timaya – My Body [Official Video]

Talented singer, SolidStar is out with the visual to his Timaya assisted track titled “My Body”, the audio which has been gaining massive radio plays ...

Yvonne Nelson Fights Journalists At Majid Mitchel’s Mum’s Funeral

Burial ceremonies are characterized predominantly by calm and serene atmosphere, but over the weekend, the well-attended funeral ceremony for Madam Paulina Afi Olabode Olympio, mother ...

Kidnappers Demand N20m To Release Pastor's Wife

The wife of one Pastor Chris Aniamaka of Dominion City, in Kpirikpiri, Abakaliki, Ebonyi State, has been kidnapped by gunmen at her residence. The dare-devil kidnappers ...

Helen Paul Makes First Public Appearance After Child Delivery

Just few weeks ago, precisely on Monday, November 24, 2014, popular comedienne, Helen Paul was delivered of a bouncing baby boy. Nigeriafilms.com reported that the pretty ...

Choc City’s Court Case With Brymo Not Personal—Audu Maikori

The head honcho of Chocolate City Group, Audu Maikori, in an interview on The Africa Music Law Show with Ms. Uduak, has disclosed that the ...

Call telecoms companies to order, PCC tells NCC

The Public Complaints Commission has called on the Nigerian Communication Commission to call mobile network service providers in the country to order as regards unsolicited ...

Sultry Actress, Ngozi Nwosu Escapes Robbery Attack

It has been reported that veteran Nollywood star, Ngozi Nwosu escaped being robbed by some hoodlums who attacked her house on Monday night. The excited 'Peaceful ...

We’re prepared for oil price fall, says Jonathan

President Goodluck Jonathan President Goodluck Jonathan on Tuesday said the sharp decrease in oil prices did not take the Federal Government by surprise. He said for over ...

Bombshell! How Catholic Priest Allegedly Molested Lola Omotayo-Okoye For Years

The beautiful first lady of the Squareville, Lola Omotayo- Okoye, has alleged she was once molested by a Catholic priest and abused in a relationship ...

Charles Novia Releases Controversial List Of His Top 5 Best Actors, 2014

Few weeks ago, audacious filmmaker and critique, Charles Novia released his best actresses for the year 2014. He has also come up with his list ...