Babangida's $12.4 Billion Gulf War Oil Windfall Theft: Court Dismisses SERAP's Okigbo Report Lawsuit

Former military dictator Ibrahim Babangida
By SaharaReporters, New York

A federal high court judge in Abuja today dismissed a lawsuit brought by a civil society group Social-Economic and Accountability Project (SERAP) to push former military dictator Ibrahim Babangida to account for $12.4 billion he reportedly stole from the Nigeria treasury after the 1991 gulf war that brought international oil prices to unprecedented levels.

 Nigeria made over $12.4 billion from oil export sales during the period, but the former military dictator stole most of the funds and laundered it.

SERAP and six others had sued the federal attorney general and the Central Bank of Nigeria asking the court to compel the agencies to provide a federally mandated report produced by a former Nigerian economist Pius Okigbo detailing how Mr. Babangida and his cronies fraudulently depleted the windfall.

The verdict had been expected for delivery last week, however, the judge failed to deliver his decision after the Attorney General of the Federation and Minister for Justice, Mohammed Bello Adoke filed a last minute motion asking the court to disqualify the claimants saying they lacked the authority to question the spending and fraud associated with the funds.

Today, the federal judge  Gabriel Kolawole dismissed the case stating that the plaintiffs lacked the requisite rights to demand  the report. He then praised the plaintiffs for being "patriotic citizens".
 

Comments
50 comment(s)
Post a comment

@ Akpos & Deri

Are u guys always dis stupid or u are just doin dis 2 annoy well-intentioned 9jas? Instead of u fools 2 tell d ogogoro zoologist in Aso villa 2 wake up and smell d coffee, u are here advertising ur madness. Oponus!

LOL. Criminals backing criminals..

This comes as no surprise. The Nigerian justice system is the most laughable justice system in the whole wide world.... Bunch of monkeys presiding over human bidness. I wish Babangida had British citizenship like Ibori.....The UK would have arraigned his azz and kept all this loot. Funny how Nigerians were yelling foul when that agency ranked Nigeria THE WORST COUNTRY for a baby to be born in 2013. They even saw a little hope in Nigeria to survey it...Left to me, Nigeria is a hopeless country. Lets all sit down and wait for the imaginary day that God will come down from heaven and remove from power these idiots that do not have a single clue about how to move Nigeria forward.

paddy paddy govt fela don

paddy paddy govt fela don talk am

Stupid Verdict!!!

The Judge, the Attorney general of Federation (Adoke) and this govt should be ashamed of themselves for messing this case up. Anyway, I am not surprised at all because a corrupt govt cannot fight corrupt people and since all of them are under the corrupt umbrella of PDP. Corrupt court & Judge can set IBB free but they cannot set him free from divine judgment of God and repercussions of his crimes against Nigeria.

Till today, IBB has never been nailed for killing Dele Giwa and many young Military Officers that he wasted their lives at Ejigbo, Lagos. IBB will pay for his crimes even if it a day to his grave. There are so many criminals like IBB today walking free in Nigeria. If Nigerian courts cannot punish them for their crimes, heavenly judgment of God will catch up with them. They will never die well.

muhammad, the best of all creature

YOU ARE ASKING OF THE GOOD THINGS FROM MUHAMMED(SAW)
1. HE BROUGHT JUSTICE AMONGST PEOPLE WHEN HE STOPPED THE OPPRESSORS FROM OPPRESSING THE OPPRESSED
2. HE MADE PEOPLE TO KNOW THAT INJUSTICE IS A SIN
3. HE STOPPED THE TRAFFICKING AND INFERIORITY ON WOMEN LETTING PEOPLE KNOW THEY ARE WEAKER VESSEL AND MUST BE TREATED WITH COURTESY.
4 HE LET PEOPLE AND JINN REALIZED THAT THERE IS LIFE AFTER DEAD, WHICH ONLY THE BELIEVERS WILL ENJOY.
5. HE BROUGHT ABOUT JIHAD, WHICH IS STRUGGLING FOR THE COURSE OF HUMANITY AND PROGRESS
6. HE CONTINUE WITH THE TEACHING OF THE RELIGION OF ADAM, NOAH, ABRAHAM, ISAAK, ISHMEAL, MOSES, JESUS AND OTHER PROPHETS OF GOD (ALLAH) MAY ALLAH PEACE BE ON THEM ALL, WHICH IS SUBMISSION (ISLAM) TO THE WILL OF THE CREATOR ALLAH.
I see no reason why yiu should compare people without the fear of God with Muhammad (SAW).

while they steal our oil revenue dem demonize jonathan 4 buhari

IBB would have been bundled into jail like Alams and Ibori over the 12.4 which he stole if he had come fro the SS. Here none is talking about how IBB told us he used the mnoney to buy TV sets for Aso rock-including the payment of air tickets for his late wife!

GOOD

Every nation deserve the goverment they have at one time or the other.

...But why must Yorubas be used all the time by Hausa?

..But why must Yorubas be used all the time by Hausa? Just take a brief look in retrospect and attempt to disagree with these...

1. Who was used to scuttle June 12?
=> Earnest Shonekan & Obasanjo (Yorubas)

2. Who was used to launder the SS 12.6b oil money from Gulf war proceeds?
=> Mike Adenuga(Yoruba) in collaboration with IBB

3. Who was used to deceive Nigeria during Musa's illness in Saudi & fraudulently keep a vegitative man as president of the continent?
=> Oandoaka (Yoruba)

4. Who was used to scuttle the Oil subsidy report?
=> Otedola (Yoruba)

5. Who has been used this day to scuttle the recovery & prosecution of the 2nd greatest thieves of all times after OBJ?
=> Gabriel Kolawole & Adoke (Yoruba from Ijebu Ode)

Na de small pikin bombs wey BH dey throw for abuja dey make them dey piss for bodi so. Anyway, time don reach for us to carry our garri go. Sharing no be option at all. Na parable I give una so.

Long live d United States of the SS&SE.

Leave the past

Like I have always said, let's leave the issue of the past and face the present day corruption. The corruption of the past years is like a spill milk. Let's forget about them and rather put a mechanism to stop today's corruption

SAINT BABANGIDA.

From evil genius, may we now call him Saint Babangida. Yet he served as a military officer whose total life earnings did not exceed 20 Million naira. He ended up in a billion mansion edifice. If he does not give account here, he will give it someday in Aljanah.

ALL NIGERIAN JUDGES ARE THIEVES

All Nigerian judges are thieves.

Islam: Silencing the critics

I recommend this website to you www.silencingthecritics.com
May Allah guide you rigth.

SERAP MAY APPEAL UNFORTUNATELY....

SERAP may appeal, unfortunely the chief judge of Supreme court is from the north, and she is a muslim.

Why making comment as an

Why making comment as an anonymous contributor, can you please identify yourself with full adress for easier location and identification of your person?

LOL!

Nigeria is still under a dictatorship, we should stop deceiving ourselves. But IBB should take note that his time is running out. He will soon hear nwiii!

BAD THING CAN ONLY COME FROM MOHAMMED

Bad things can only come from Mohammed. Let anybody prove me wrong by telling me good things Mohammed ever done on earth. Is it JIHAD? The name is a curse.

I doubt if any Nigerian

I doubt if any Nigerian expected a different verdict. The laughable part was why the judge was clowning with adjournments. Were the spurious adjournments a deliberate decoy to negotiate a huge settlement? After all he knew he can only return one verdict only.

An expected ruling, but could be appealed!

The judge said that the plaintiffs lacked the 'locus standi' to institute such a case but that the plaintiffs were not 'busy bodies'; that the plaintiffs were 'patriotic citizens'! This was a play with words. The fact is that if the plaintiffs lacked locus standi, then they were busy bodies! Furthermore, if the plaintiffs were patriotic, according to the judge, then they should have the right to present a case that affected the welfare of the citizens! Therefore the plaintiffs MUST have the locus standi. In any case the following questions are necessary to establish the right of a locus standi: is the plaintiff directly affected by the act of the respondent? Would the plaintiff's welfare be affected negatively if the said act was left unattended? If the answer to these questions is a YES, then the plaintiff has locus standi. The act in question is corruption and mismanagement of public funds that affect EVERYONE. Accordingly, this ruling can be appealed.

Coward!

Justice Kolawole lacks the most important qualification to sit in the temple of justice. He is a coward.

WE HAVE BEEN EXPECTING THIS

All Nigerians have been expecting this. Our Legislators are armed robbers, Mohammed is a high way robber, our judges are thieves and police are killer armed robbers. Nigerians, how will you survive, everybody has to go to Mohammed's university so that all of us can qualify to be armed robbers. EXPECT JUSTICE FROM BOKO HARAM, OR MOHAMMED

Act of Cowardice

justice Kolawole does not have what it takes to call the shots in the temple of justice. He is a coward.

That sounds like a pretty good deal to me!

"He then praised the plaintiffs for being "patriotic citizens".

They take the money and the 'patriotic citizens' get the 'praise'. That DOES NOT sounds like a pretty good deal to me.

But na 'praise' the $2/day Nigerians go chop?

Me I dey laf!

NIGERIA IS A FAILED STATE -

NIGERIA IS A FAILED STATE - WHAT A PITY

What were they expecting,

What were they expecting, that the court will send Babangida to jail, Satan cannot send Satan to jail House full of Satan cannot send one of their own to jail. The judiciary, the Executive , the Legislative house are full of evil men, so it is hard for them to send one of their own to jail, any doubt then tell me how of them has EFCC send to jail

SORRY FOR NIGERIA!

One cannot achieve good through bad. Nigerians have since left the right path to achieving what could be good for the country by collecting money to throne criminals as leaders. Perhaps this will serve as a lesson to them so that by 2015 they will utilize their political rights to do what may be good for themselves and their country and leave ethno-religious savages to loom in the nigthmare of dividing Nigeria and 'ours is ours'.

Not surprise

Who is surprise ?? Our judge also acquitted Ibori.
Our justice here is like Ashawo,, Money for hand back for ground.
If I may ask Adoki, since the SERAP has no right to ask questions how Nigeria money vanished in thin air, Please let him tell us who has the right and why the person has not asked since all these years. LOOTERS GOD GO PUNISH UNA.

Corrupt nation, corrupt judgement

In this corrupt nation, we have failed man and we have failed God. What a jugdement! How long shall we be waiting for another moses who will take us out of this egypt.

Babangida's $ 12.8 m

IT IS WELL .BE STILL AND SEE THE REWARD OF THE EVIL GENIUS .

Conspiracy! At least GOD dey.

Conspiracy! At least GOD dey. Make una they cover up. "Dogs don't eat dogs" but mutagenesis is happening, a Dog is coming to eat other dogs and if care is not taken, it will eat lions.

IBB to SERAP

'I run sh*t here, you just live here'. With this judgement the is nothing much left of the FOI Act.

Post a comment

The content of this field is kept private and will not be shown publicly.
Comments are limited to a maximum of 1000 characters.
  • Allowed HTML tags: <a> <em> <p> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.