Aliyu Abubakar
There are leaders at the forefront, there are leaders behind the scenes. There are leaders doing good and there are leaders doing bad. We showcase the good, the bad and definitely the best of Africa. In this article, we reveal one of Nigeria’s most notorious businessmen. Who is Aliyu Abubakar? Professionally referred to as Mr Abubakar or Mr Corruption, he is a wealthy controversial businessman and the presumed owner of Abuja’s most luxurious building located close to popular hotel Transcorp Hilton. He is also friends with several Nigerian government officials, both past and present. Mr Abubakar seems to have acquired much of his wealth from some illegal high profile deals which he is now being wanted for by both the EFCC in Nigeria and the Italian government.
Prosecutors in Milan, Italy, have called on Nigeria’s Attorney General, Abubakar Malami seeking the appearance of Mr. Abubakar in criminal proceedings relating to the Malabu scandal, following the money laundering charges filed against him by Nigeria’s anti-graft agency, EFCC, for his role in the $1.1 billion Malabu scandal, with new evidence linked to the scandal warranting his pursuit by the Italian authorities for “international corruption”. The letter of request written by the Italian government to Mr Malami is linked to the recent nine-count charge filed by the EFCC against Mr Abubakar, and eight other persons for their roles in the scandal. Others being prosecuted by the EFCC for the scandal include a former Attorney General, Mohammed Adoke, Former Petroleum Minister, Dan Etete, Malabu Oil and Gas and five other shady companies under the control of Mr Abubakar.
Investigations conducted by authorities in Nigeria, UK, and Italy have all found Mr Abubakar who is now nicknamed by anti-corruption officials as ‘Mr. Corruption’ for his involvement in various dubious high profile deals, acting as a front for several politically exposed individuals who benefitted from the funds including Mr Adoke and Roberto Casula, the then the head of Eni’s business operations in sub-Saharan Africa, who received $50 million cash at his doorstep in Abuja. Former Attorney General, Bayo Ojo, was also said to have received $10 million from the dubious deals but since denied involvement stating that the money was his professional fees for services he rendered after he left office.
Olatorera Consultancy Limited provides business development services to high net-worth individuals and companies looking to grow, enter or do business in Africa.
