Saturday, 26 May 2018 13:30

JUST IN: Inside EFCC Report On Corruption Allegations Against Obasanjo

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As President Muhammadu Buhari and former President Olusegun Obasanjo continue to engage in a war of words over the past few days, PREMIUM TIMES has obtained a report of the Economic and Financial Crimes Commission investigation into corruption allegations against Mr. Obasanjo.

The clash between the president and one of his predecessors was triggered when Mr. Buhari, while receiving a delegation of the Buhari Support Organisation at the Presidential Villa on May 22, accused Mr. Obasanjo of wasting $16 billion on power projects with nothing to show for it.

Mr. Obasanjo immediately fired back at the president describing his claims as ignorant and unsubstantiated.

The report, signed by the then EFCC's Director of Operations, Ibrahim Lamorde, dealt on petitions of alleged conspiracy, fraudulent conversion of funds, abuse of office, foreign exchange conversion and money laundering against the former president.

The petitions

On August 22, 2005, the then governor of Abia State, Orji Kalu, submitted a petition alleging corrupt practices against Mr. Obasanjo to the EFCC.

A second petition was delivered two years later - in November 2007 - by the Coalition Against Corrupt Leaders, a nongovernmental organisation headed by Debo Adeniran, a civil society activist.

The two petitions were consolidated into a single 12-point petition which dealt largely on allegations that Mr. Obasanjo's aides and some Senators connived and took huge sums of money in oil and commissions from defence contracts.

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