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Nigerian Corruption Scheme Sought to Circumvent US AML Rules

By Daniel Bethencourt

Nigerian businessmen managed to bribe a prominent minister by purchasing $11.5 million-worth of high-end London properties via accounts for shell companies that were never actually connected to the recipient of those payments, according to U.S. federal court documents. The two businessmen, Kolawole Akanni Aluko and Olajide Omokore, purchased the real estate through shell companies that they beneficially owned, and were registered in the British Virgin Islands and Seychelles with names like Miranda International Ltd. and Mortlake Investments Ltd. Several of the properties in London were intended for use by Diezani Alison-Madueke, who served as Nigeria's oil minister from 2010 to...

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