Prince Abubakar Audu, former Kogi State governor in $5 million crisis in the Bermuda
Saharareporters has confirmed that Prince Abubakar Audu the ex-governor of Kogi State is involved in a money laundering scandal in the tiny Island of the Bermuda of 300,000 inhabitants.
The Supreme Court of Bermuda in the matter of the Director of Public Prosecutions and in the matter of the Proceeds of Crime Act 1997 vs Prince Abubakar Audu in a case filed on March 6th 2007 has frozen $5 million belonging to Prince Audu. Sources said a Bermuda bank official alerted the authorities over suspicious banking activities relating to the Kogi prince who is also the gubernatorial candidate of the ANPP in the state according to a list recently released by the Independent National Electoral Commission (INEC).
Since 2003, Prince Abubakar Audu had been cited in money laundering activities. He was accused by Kogi State indigenes in several petitions of having looted the state to the bone, but his close association with the ruling party, PDP made him into a sacred cow.
The EFCC came after him soon after he defected from the PDP and joined the ANPP to run for office. He was declared wanted by the EFCC while he was away in the UK and later arrested upon his return in his home state and granted bail.
Details of the BERMUDA legal case was still sketchy as at press time.
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