Abuja - The Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) announced jointly that they had recovered over N600bn of stolen money from individuals.

While the EFCC said it had recovered more than $5bn, the ICPC said it had recovered about N13bn from ‘systems study’ and corruption prevention exercise by the commission as well as unremitted tax revenue from public sector agencies.

Both commissions made the disclosure during a joint strategy retreat for anti-corruption agencies, including the Code of Conduct Bureau organised by the Coalitions 4 Change, in Abuja.

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ThisDay (Lagos) - The daughter of former president Olusegun Obasanjo (OBJ) and sitting Senator of the Federal Republic of Nigeria, Senator Iyabo Obasanjo-Bello, has been linked to a fradulent N3.5 billion contract in the power sector, while her father, President Obasanjo, was still at the helm of the nation’s affairs.

The matter, presently at the International Court of Arbitration  in Paris, France, involves an Austrian company, M. Schneider, which has petitioned the Presidency, ICPC, Code of Conduct Bureau, Chairman of the Senate Committee on Ethics, and the Economic and Financial Crimes Commission (EFCC) over what it called the “fraudulent, corrupt and criminal nature involving Senator (Mrs) Iyabo Obasanjo-Bello (alias Mrs Damilola Akinlawon), then serving as a Commissioner with the Ogun State Government”.

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Abuja - The Minister of Finance, Dr. Shamsudeen Usman, has been instructed by the Upper legislative body, the Senate, to recover over N300 billion from his fellow Ministers, currently held in secret bank accounts.

The recovered “loot” according to the dismayed legislators must be added to the 2008 budget presented by President Musa Yar’Adua. The legislators were surprised that such funds were not captured in the 2007 budget ‘because they were buried in private bank accounts to yield interest for them [Ministers]’.

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ThisDay - Billionaire and Chairman of Globalcom, Chief Mike Adenuga, is currently wanted by the British authorities over his business transactions. The information was made known by our popular Attorney General of the Federation (AGF) and Minister of Justice, Michael Aondoakaa (SAN) while defending himself from various allegations of shielding famous Nigerians that have at various times been accused of corruption in high places.

According to the AGF, he is trying to protect the image of Nigeria by not giving in to various requests by foreign countries to prosecute or investigate highly placed or influential Nigerians. However, one will like to to know why the AGF has literally prevented the EFCC and ICPC from doing their jobs internally as well. Is Nigeria image at stake in such cases as well?

Full story can be found at http://www.thisdayonline.com/nview.php?id=96992

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Houston TX - Former Vice President during President Olusegun Obasanjo’s regime, Alhaji Atiku Abubakar, may soon be indicted over the bribery scandal involving the American oil service company, Wilbros Group to secure contracts for the eastern gas gathering system (EGGS) in Nigeria. According to court papers from the US Southern District Court of Texas - Houston TX, and made available to the Nigerian high powered delegation led by the controversial Attorney General of the Federation (AGF) and Minister of Justice, Mr. Michael Aondoakaa (SAN), Vice President Atiku was shown to have benefited up to the tune of $250, 000 USD (N30million) from the company.

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