The Writing On The Wall an open letter to Ngozi Okonjo-Iweala By Dotun Oloko

* Bloggers Note:
if all citizens can do their little to ensure accountability, the culture of impunity regarding corrupt will be a stopped. 

Regular readers of Sahara Reporters may recall that I have
provided an initial rebuttal to a 25th March 2014 letter that
you wrote to me and my colleagues on matters including OPL
245 and the missing $20 billion. In my response which was
published in Sahara Reporters on 27th March 2014, I addressed
some of your counterfactual statements and promised to
provide further information in due course and I am now taking
this opportunity to fulfill my promise.
In your letter you dismissed our request for you to take action
to prevent the funds from the OPL 245 acquisition by Shell/
Eni being dissipated as, “a cop-out” by my partners and I, who
were reluctant or unwilling to take the “necessary action”
You should note that our initial letter to you at the outset in
May 2013 was part of a multi-pronged strategy. For the
recordbefore writing to you we had complained directly to the
EFCC whom you referred us to and whom unbeknownst to you
we had already contacted independently and met with in
March 2013. At that meeting, Lamorde informed us that he
would have to refer the matter to the Attorney General, who
of course to your knowledge was the main architect of the OPL
245 deal. Needless to say, we have not heard nor expect to hear
further from the EFCC on this matter.
However, in recognition of the challenges of pushing the
matter in Nigeria with the EFCC beholden to a corrupt
Attorney General, we utilised the global dimension of the
caseto refer the matter to criminal investigation authorities in
multiple jurisdictions including the US, UK and Italy. . We are
acutely aware that the relevant authorities in the
aforementioned jurisdictions are co-operating fully in this
It is a matter of public record that in response to our
complaint the UK authorities opened an investigation into OPL
245. We understand that Adoke has made several unsuccessful
trips to the UK in an effort to truncate this investigation. It is
also a matter of public record that the Italians also opened an
investigation and last week raided Eni’s Milan head office as
adirect result of our complaint. The Italian media is now agog
with stories about Eni and some of its top executives being
under investigation.
So you can see that contrary to your misguided opinion we did
not use you as a cop out for not taking the necessary action
ourselves. Consequently, you may wish to take some consolation
from the fact that it is a matter of when and not if Adoke
and his colleague who you are scared of will be held to account
for their roles in the OPL 245 saga. It would appear to me that
it is Adoke who is now running scared. I can alsoreinforce my
comments that we are acting on your advice to trace Diezani’s
assets in the UK and elsewhere and any information that you
or anyone else can provide in this respect will be greatly
appreciated. We will also be casting a critical eye on the role
played by JP Morgan as the banker of choice for the Federal
Government of Nigeria.
It is important that you and your colleagues understand that
we are living in a global world and we have the resources
andthe wherewithal to challenge those who believe that they
can continue to loot Nigeria’s resources with impunity be
theyNigerians or foreigners. In this regard you should note our
record in this respect which includes but is not limited to the
examples provided below for your attention.
After a prolonged struggle, I can report that Thomas Gibian,
the founding CEO of the US fund manager, Emerging Capital
Partners (ECP) and others will soon be made to account for
their roles in Ibori’s money laundering, as the UK government’s
efforts to recover Ibori’s assets draw to a close. For your
information, we informed the UK Department for International
Development (DFID) and other investors in the ECP Africa
Fund II that ECP was corruptly investing in Nigerian companies
reportedly linked to Ibori’s money laundering. Following what it
represented to be an extensive investigation, DFID accepted
ECP’s counterfactual assurances that its Africa Fund II
investee companies in Nigeria were and could not be linked to
However, following the conclusion of the asset recovery
proceedings, DFID will have to account for its funding of theUK
government’s efforts to recover assets that the UK Crown
Prosecution Service and Police have alleged Ibori owns in the
ECP Africa Fund II investee companies Notore and Oandowhile
accepting ECP’s counterfactual assurances that those
companies cannot and are not linked to Ibori directly or
indirectly. I would expect that the defence lawyers will be keen
to understand why DFID was minded to dismiss evidence of the
Ibori links that we know the Police provided to them, in favour
of the assurances provided by their fund manager, ECP that
there were no links.
In the case of OPL 245, as you are aware, our position which is
backed by the House of Representatives is that ENI and Shell
unlawfully acquired the licence. It is now a matter of public
record that Paolo Scaroni, the former ENI CEO, Claudio
Descalzi the current ENI CEO, Roberto Casula the Executive
Vice President Sub-Saharan Africa and others will soon have
their day in court over the corrupt acquisition of OPL 245 along
with their counterparts in Shell. I was at a hastily convened
side meeting with Casula and other top Eniexecutives at the
last Eni AGM and can report that Casulawho is now a focus of
the Italian investigation appeared to me and my colleagues to
be wilting under the pressure.
The list will continue to grow as we continue our drive to hold to
account those who believe they can continue to loot our national
resources with impunity.
You should also note that we are now turning our focus to the $
20 billion that his Royal Highness, the highly respected Emir of
Kano, has alleged is missing and anyone found culpable in this
heinous theft will be brought to justice whether inside or
outside Nigeria. In this regard you should understand that
those who are attempting to represent that the money is not
missing will one day have to justify themselves in court.
The writing is on the wall for those who know how to read.
Wherever we find evidence of corrupt looting of Nigeria’s
public resources we will ensure that those involved are
challenged and brought to account.

Yours sincerely,
Dotun Oloko


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