The Fashanu Report &
The Nigeria Debt Buy-Back Scam
Issue Come to the US April 28, 2000
1. Letter from John Fashanu to NDM
2. Letter from John Fashanu's investigators to NDM
3. Letter from Britain's Department of International Dev. to John Fashanu
4. Letter from NDM to USA's State Department and IRS
5. URL links to the Fashanu report
6. The News Report: "The Foreign Crooks That Swindled Nigeria"
From: John Fashanu, London
To: Nigerian Democratic Movement, USA. [A Scientology front]
April 19th, 2000
I write to clarify and update you of current events and actions which I hope will aide you in your activities in the United States regarding this rapidly unfolding financial scandal involving billions of dollars of Nigerian funds and the American bankers and finance institutions involved.
I am happy to report that my meetings with the Nigerian High Commissioner Prince Ajibola have gone extremely well and I have personally sat down with him to assist and direct the communications to the Swiss bank, Discount Bank and Trust Geneva and the Austrian bank, Bank Austria regarding freezing of Mr. Robert Minton's accounts and suspected associated accounts.
I am also delighted to inform you through my meetings with the High Commissioner I have been privy to the communications from the Swiss and Austrian banks involved and am happy to report they have identified numerous accounts of the suspected looted funds and complied with the freezing request from the Nigerian government. I can also confirm that the suspected actions of Mr. Robert Minot to obstruct our investigation and transfer large amounts of these funds into other accounts have been recognized by the banks and the Nigerian government which has rendered those attempts null and void.
The banks involved have assured the Nigerian government they will cooperate fully in investigating this matter and assisting in returning any and all funds (assets) to their rightful owner, the Nigerian people. The Swiss and Austrian banks along with the Commission Federale Des Banques, which is the official Swiss banking oversight agency has guaranteed their cooperation with any and all interested parties and governments due to the substantial amounts of money involved and the far reaching effects throughout the international banking community this financial fraud has undoubtedly corrupted.
I am in continuous communication with the President himself regarding these matters and he has pledge (sic) his full cooperation and offers any assistance our team may require to pursue and identify more looted funds and suspected coconspirators.
Finally, a considerable amount of data and evidence has been compiled and we are in the process of analyzing and evaluated (sic) this material which specifies all the US finance institutions and their specific involvement in the fraud. This material will be forwarded to you shortly.
Ambassador for Sports - Nigeria
UK Special Representative/Ambassador for UNICEF
Patron for Africa on Human Rights
-------------------------------------------------------- April 24, 2000
To: Nigerian Democratic Movement [A Scientology front]
From: Robert Clarke
Inquiry Agent, International Inquiries Limited
Our investigative team has been assisting in the collection of evidence, information and documentation concerning hundreds of millions of dollars of looted funds from Nigeria through a recently discovered Secret Debt Buyback scheme. The information thus assembled is being made known to the proper authorities and various international lawyers and law firms representing clients that have been defrauded.
We are the investigators working on behalf of Nigerian Diplomat John Fashanu and have collected and developed the following documents and evidence, which we are now presenting to your organization in the hopes this will benefit the people of Nigeria. We respectfully request your organization to forward this material to the proper US authorities for the purpose of assisting them in their duties.
In the course of this inquiry evidence has been uncovered which will implicate several US citizens and financial institutions who have been responsible for the movement of billions of dollars in Nigerian debt trading transactions. While some of these transactions may appear to have been negotiated outside the United States, documents and evidence show that a large amount were transacted and negotiated in the US by certain US citizens, US companies and several US financial institutions.
This documentation and evidence indicates these individuals not only profited from these transactions but set up a sophisticated offshore network to establish and operate companies and trusts with the most likely intention of hiding their true identities and ownership so as to try to elude the US tax jurisdictions and many other jurisdictions as well. After close examination of the documents it is apparent that these individuals set up a complex money laundering operation through established on and offshore finance institutions using real and manufactured third world debt instruments actively being traded on the secondary market.
Currently resources are coming forward to assist Nigerian officials in charge of the efforts to recover billions of dollars of funds looted by previous corrupt officials and their financial advisors. These resources are also making this information known to the proper authorities and various international lawyers and law firms representing clients that have been defrauded. These actions are creating much media interest and the potential for alerting involved guilty parties has risen dramatically.
We are herewith requesting the US Internal Revenue Service's assistance in coordination with the Nigerian government to obtain banking records and transaction documents which are currently being held in US locations to further this investigation. The purpose of seizing such is to prevent the possible obstruction of justice through the destruction of records which could further document law violations committed by these individuals and companies. We also request civil and criminal prosecution of the individuals involved.
This comprehensive report and evidence should be forwarded to the US Internal Revenue Service and the US State Department requesting them to assist in coordination with the Nigerian government to obtain banking records and transaction documents which are currently being held in US locations to further this investigation. The purpose of seizing such is to prevent the possible obstruction of justice through the destruction of records which could further document law violations committed by these individuals and companies. We also suggest civil and criminal prosecution of the individuals involved.
Furthermore the US authorities assistance in these actions are needed to; a) identify and b) freeze bank accounts in Switzerland, Austria and the United States which are currently holding millions of dollars of looted Nigerian funds. These accounts were established for the sole purpose of hiding these funds while masking the true beneficiaries, which are US citizens. I refer to the letter dated April 19th 2000 from Nigerian Diplomat John Fashanu to your organization and supporting documentation which confirms the Nigerian government is already acting on information from the investigators and freezing identified accounts in Austria and Switzerland.
Please be advised Mr. Fashanu has already meet with Clare Short, the UK Secretary of State for International Development in Great Britain and she has requested a second meeting dated 3 May 2000, to be briefed on this matter further and lend official assistance from the British government. (See enclosed letter from Dept. for International Development dated April 13th 2000)
The actions of the US authorities in these matters is essential and vital in collecting the needed evidence and safeguarding the records detailing numerous law violations as well as assisting with their responsibilities within the State Department and the Internal Revenue Service. The documents and evidence collected so far clearly outline these businesses and individuals violated numerous State, Federal and International banking laws and regulations.
Please feel free to contact our organization and rest assured we will cooperate fully in forwarding documents and evidence to your organization and any US agency.
Department for International Development
From: The Assistant Private Secretary
To: John Fashanu, Esq
13 April, 2000
Dear Mr. Fashanu:
The Secretary of State for International Development has asked me to thank you for your fax of 11 April. We have arranged a meeting to discuss this on 3 May, 11:00 am at the above address.
Assistant Private Secretary
NIGERIAN DEMOCRATIC MOVEMENT (NDM) [A Scientology front]
April 28, 2000
State Department of State
Africa Desk (Nigeria)
2201 C Street, NW
Washington, DC 20520
Attention: Alex Marschenko/ Portia McCollum
Internal Revenue Service (IRS)
International Enforcement Division
Attention: Chief Martin Bunn
Secret Nigerian Debt Buy Back Schemes & US Involvement
The attached letter and supporting documents which we have just received speak for themselves. We are forwarding them to you as any US citizen should do, who understands that a grave set of crimes may have been committed by entities, individual or corporate, within the United States.
Our organization, the NDM, is a well-known US-based pro-democracy [A Scientology front] organization with a membership of Nigerians and friends of Nigeria. We are interested in these allegations because we are committed to upholding the honor, integrity and dignity of our country which is just emerging from harrowing years of military tyranny, and is re-committing itself under the Obasanjo presidency to honesty, transparency and accountability. The United States government has pledged to help our nation in this regard. If in fact these financial crimes in Nigeria have been aided and abetted by the named US-based entities, we will want nothing more than full account be given, and monies returned to the suffering citizens of Nigeria and our governments. In fact, we might be able to use some of the monies recovered to pay the crushing international debt under which we currently labor.
Consequently, in the name of honesty, transparency and accountability, we hope that investigations of these allegations will be initiated forthwith by the United States government.
Mobolaji E. Aluko, PhD
President, Nigerian Democratic Movement (NDM)