*Lament advisory to President, Finance Minister blocked by rogue conspirators
*Insists FG needs not borrow to fund 2020 budget, critical infrastructure
*Recovery will block negative impact of COVID-19 on nation’s economy, ABZ Integrated Ltd.
By Malachy Uzendu
Renowned Forensic Accountants/Investigators, Messrs ABZ Integrated Limited, have explained how they intend to recover $125 billion, purportedly stolen by the International Oil Companies (IOCs) and their collaborators.
According to the firm, the money if recovered will not only fully funds the 2020 budget without any cut, but will provide enough finances to fund more critical infrastructures in the country.
In letters signed by Mr. Fidelis Uzonwanne, Chief Executive Officer, ABZ Integrated Limited and Barr. Gregory N. Lar, Director, which was addressed to the Finance Minister, dated 23rd March, 2020, entitled “Application For Authorisation To Raise From Within the Economy Not Only To Fund The 2020 National Budget Of N10.5 Trillion, But Also To Address The Nation’s Infrastructure Deficit”, are inthe possession of The AUTHORITY.
In the letter they said they had concluded investigation on the parameters for the recovery, adding that the money will not only relieve government of taking any foreign or local loan, but will provide enough finances to fund the 2020 budget of N10.5 trillion without any cut.
Similar letters sighted by us were addressed to President Muhamadu Buhari; President of the Senate,Sen. Ahmed Lawan; Speaker of the House of Representatives, Hon. Yakubu Dogaraand the Attorney-General of the Federation and Minister of Justice (AGF),Abubakar Malami (SAN).
The two private Forensic Investigators boasted that “if the federal government agrees with us, on terms, we will release the details on immediate recovery of $45 billion within seven days of reaching an agreement”.
They boasted that information at their disposal would lead to the recovery of another tranche of $80 billion within 30 days thereafter.
Section of the letter reads: “With 50 crude vessels floating in the high seas without buyers: (according to the NNPCGMD), with price of crude oil dropping below Nigeria’s purported production cost benchmark, all hopes seem to have been lost, but not so.
“If covid-19 appears to have loweredthis huge burden on the Nigerian economy, even when we sought for a loan of $22 billion, why can’t we turn to the good side of the pandemic?
“The good news is: no slashing of the budget by N1.5 trillion. We apply to be authorized to roll the two into one by revealing to government a recoverable amount of over $45 billion from International Oil Companies (IOCs).
“This is not in any vessels floating in the high seas but our moneys in the pockets of our partners, the IOCs.
“This is not about Nigeria not giving effect to any existing agreement, with the Production Sharing Contracts(PSCs), but our money crudely snatched from the economy, with myriad of verifiable and incontrovertible trails and hard evidence that makes it easily retrievable”.
Providing a summary of immediate recoverables,they said, “to assure you that we are not joking, on signing the agreement, we will immediately and on the spot, deliver information on$2.425 billion as a precursor or harbinger to the ‘Hidden Treasure”.
Uzonwanne and Lar stated that they had made three failed attempts to provide information on this recoverable, including going through the Whistle blowers Policy and even a resort to the law courts for an order of mandamus, “though at a lower scale, but the federal government has been ‘too rich’ to look at our direction”.
They maintained that “the benefit accruable from our proposal is far beyond $125 billion. It takes Nigeria our or poverty, addresses the infrastructure and social disharmony in the system.
“This is the product of over 20 years of painstaking research, hard work that was threatened by blackmail and intimidation sponsored by the IOCs”.
They advised the President to reject the antics of detractors who they claimed had prevented them from offering their knowledge and expertise to the nation for the recovery of billions of dollars of slush funds and the “fund looters exposed for who they truly are”.
Recall that same Messers ABZ Integrated Limited, were among Nigerian top whistle blowers and private forensic investigators whose activities led to the bursting of the $242 million fraud (419) against one Nelson Sakaguchi and Stanton Development Corporation of Banco Noroeste S.A. of Sao Paulo Brazil.
They had also petitioned President Olusegun Obasanjo over alleged $10.8 billion tax evasion against Chevron Nig Limited and some other OICs, but these petitions were frustrated.
The same group of investigators had leveled allegations of fraudulent diversion of over $500 billion through aconscripted connivance of the Central Bank of Nigeria (CBN), Nigeria National Petroleum Corporation (NNPC) and OICs on Joint Venture Cash Call.
