© 2018 - International Centre for Investigative Reporting
Senate Investigates Missing $27 Million Nigerian Embassy Funds
The Senate on Thursday began investigating the alleged disappearance of $27 million from the sale of Nigerian property in New York, according to a report by the News Agency of Nigeria, NAN.
A former permanent representative to the United Nations, former ambassador to the United States and the incumbent have appeared before the Senate committee on foreign affairs in Abuja.
They are George Obiozor, ambassador to the U.S. (2004 to 2006); Joy Ogwu, permanent representative to the UN (2006 to 2007), and the incumbent ambassador, Ade Adefuye, who assumed duty in March 2010.
The probe followed a petition by Transform Nigeria Citizen Initiative, a non-governmental organisation, over alleged misappropriation of funds by the officials of the Nigerian Embassy in Washington D.C. The petition was signed by one Daniel Elombah.
Elombah had urged the Senate to investigate why the proceeds from the sale of some Nigerian government property in the U.S. between 2004 and 2007 were not accounted for.
“Available records showed that between 2004 and 2007, the Embassy of Nigeria sold four prime properties of the Nigerian Government located in Washington D.C and Maryland,” he said.
“It also commenced sale of a fifth property located in San Francisco, California.
“For the sale of those properties, the government of Nigeria retained the services of ECULAW Law Firm. Out of those sales, Nigeria realised the sum of 27 million dollars.
“All funds realised from these sales, except those set aside as fees, were remitted to the Embassy of Nigeria in Washington D.C,” the petitioner alleged.
He alleged that all the funds and transactions were duly confirmed in June 2007 by ECULAW Law firm when it met with embassy officials at the embassy premises in Washington D.C.
He alleged that instead of remitting the proceeds to Nigeria, the funds were lodged in M&T Bank Washington which he said the embassy used for other transactions and with which it had about three different.
“It was confirmed in clear terms that their bank was holding huge deposits comprising the proceeds of the sales of these properties”Elombah stated, adding that “this remained the position after Dr George Obiozor had returned to Nigeria upon completing his service in Washington.”
The petitioner alleged that the money was not repatriated home but left in the bank “partly because it yielded substantial monthly interests, which the embassy officials would never have to account for.”
Surprisingly, he said, the money disappeared without trace in March 2012.
“This became clear when the M&T Bank was forced to close the accounts of Nigerian Embassy and to terminate all banking relations with the embassy at the beginning of 2012,” he said.
According to him, since March 2012, no explanation had been given as to the whereabouts of funds which were in the bank accounts when the incumbent assumed office.
The chairman, Senate committee on foreign affairs, MatthewNwagwu, confirmed that the committee received the petition alleging embezzlement of funds in Nigeria’s embassy in Washington.
“There is a petition before the committee on the issue. We have the petition and we are taking it on the face value.
“We are giving this opportunity to the minister and ambassador to explain what happened. It is alleged that the resources were squandered by embassy officials.
“Ours is to give you a chance to address the committee, to tell us what you know about the administration and management of the fund within your tenure from 2004 till date.
Journalists were, however, ordered out of the committee room before the testimonies of the three envoys were taken.