Showing posts with label This Day. Show all posts
Showing posts with label This Day. Show all posts

Wednesday, March 31, 2010

The Untold Story of the $10.8 Billion Tax Evasion and Fraud By Chevron Nigeria Limited and Its Associated Companies

Update on the Allegation of $10.8 Billion Tax Evasion Fraud against Chevron and its Associated Companies 1

On 1st July, 2005, ABZ Integrated Limited, a Nigerian company based in Abuja broke the news of the $10.8 billion tax evasion and fraud by the Nigerian branch of the Chevron Corporation (NYSE: CVX Euronext: CHTEX), an American multinational energy corporation headquartered in San Ramon, California, (see annexure 1b).

Following the disclosures, ABZ was duly engaged by the Economic and Financial Crimes Commission (EFCC) of Nigeria under the Executive Chairmanship of Mallam Nuhu Ribadu (see annexure 1a) as a consultant for the recovery of the unpaid taxes from Chevron Nigeria Limited. The Nigeria Extractive Industries Transparency Initiative (NEITI) under Dr. (Mrs.) Obiageli Ezekwesili acknowledged the engagement and financial entitlement of ABZ Integrated Limited (see annexure 5b).

In the last quarter of 2005, the House Committee on Petroleum Resources (Upstream), under the chairmanship of Dr. Cairo Ojougboh, had a public hearing on the allegation of $10.8 billion tax evasion and fraud against Chevron Nigeria Limited. And in September 2006, the Chairman vindicated ABZ and confirmed that Chevron evaded tax as alleged and was ordered to refund the sum of $492 million. NEITI’s auditors also validated the claims of ABZ. But Chevron has only refunded a fraction of the total Petroleum Profit Tax (PPT) evaded, without paying the penalties required by PPT Act. And ABZ has not been paid its entitlements since Chevron has refunded the sum of $866 million of the Petroleum Profit Tax (PPT) evaded so far.

This is the untold story of the whole financial scandal as reported by Fidelis Uzonwanne, the Managing Consultant of ABZ Integrated Limited.

~ Nigerians Report



In July 2005, when ThisDay Newspaper published ABZ Integrated Ltd’s open letter to the President of the Federal Republic of Nigeria, on the allegation of $10.8 Billion tax evasion and fraud against Chevron Nigeria Ltd, some Nigerians believed it. Some took it with a pinch of salt. While some dismissed it with utmost disbelief.

Before ABZ took that bold step, an in-dept investigation of the activities of Chevron had been painstakingly undertaken. This culminated in a 106 –page report being forwarded to EFCC on the 12th of May 2005, with over 400 page annexures (Annexure 4).

The way and manner the relevant government agencies in Nigeria reacted to the issue was very shocking and unbelievable. Organizations such as the Federal Inland Revenue Service (FIRS), Department of Petroleum Resources (DPR), Nigeria National Petroleum Corporation (NNPC) and its subsidiary NAPIMS, Central Bank of Nigeria (CBN) etc, stood in stout defense of Chevron’s position and treated ABZ with disdain and scorn. We were undaunted because we were very sure of what we stated and were prepared to defend it till the last day.

Following our publication, the Nigeria Extractive Industries Transparency Initiative (NEITI), under the chairmanship of Dr. (Mrs.) Obiageli Ezekwesili, held a meeting of stakeholders in Nicon Hotel on the 9th of August 2005. NEITI issued a press release (Annexure 5a) on the outcome of the meeting confirming inter alia:
(i) That ABZ was duly engaged as consultants by EFCC and that ABZ’s effort led to the recovery of $6.5 million

(ii) That the information provided by ABZ (i.e. the report) has been referred to the Hart Group to verify the claims made therein.

Other confirmations of ABZ’s efforts and entitlements are enclosed herewith as (Annexures 5b, c, d & e).

Recall that field work on the ABZ’s investigation of Chevron under EFCC Committee on Government Revenue Fraud was done between December 2003 and January 2005. FIRS and other Government agencies were answering questions on their respective roles relating to Chevron’s operations and their culpability thereon (Annexures 6a, 6b, 6c & 7a, 7b).

Between September and November 2005, the House Committee on Petroleum Resources (Upstream), under the chairmanship of Dr. Cairo Ojougboh, carried out a public hearing on the allegation of $10.8 billion tax evasion and fraud against Chevron. About September 2006, the report of the Committee’s investigation was laid before the plenary. The chairman in a press conference confirmed to the whole world that indeed Chevron evaded tax as alleged and was ordered to refund the sum of $492 million (Annexure 8).

On November 9, 2006, Segun Adeniyi, a former Editor of ThisDay Newspaper, Spokesperson to President Umaru Musa Yar’Adua, and then a member of the National Stakeholders Working Group (NSWG) of NEITI, confirmed to the whole world that ABZ had been vindicated because NEITI’s auditors had confirmed to them the veracity of ABZ’s claims (Annexure 9a). Please find enclosed an except from Hart Group report dated 14th August, 2006 for more details (Annexure 9b).

We want to confirm to you that the harassment Ribadu’s EFCC was giving to ABZ in 2005 was merely a decoy to shield the main issues from people’s prying eyes. This dummy sold by Ribadu’s EFCC enabled the trio of FIRS, Chevron and EFCC to conceal the recoveries being realized from Chevron through ABZ’s effort. Recent events have confirmed that the maneuvers were intended to enable them dip their fingers into the official tills. Their campaign then was that ABZ was making false claims, that Chevron never evaded tax and no money was refunded. Unknown to so many people was the fact that as at that time (July 2005), Chevron had refunded over $130 million and part of it diverted.

By a letter dated 6th October 2008, the Executive Chairman of FIRS, Mrs. Ifueko Omouigui-Okauru, in response to Nigeria’s House of Representative’s Ad-hoc Committee’s inquest, claimed that the sum of $131 million had been recovered from Chevron but that it was not from ABZ’s effort (Annexure 10). At the time of this claim (i.e. October 2008), ABZ, through its own information network was aware that Chevron had refunded $491 million (Annexure 11). ABZ, through its Solicitors, Messrs Fountain Advocates, petitioned Farida’s EFCC, alleging a diversion of $360 million. The petition was dated 17th November, 2008, with all the necessary attachments including bank statements treasury receipts, correspondences from Chevron (Annexures 12a, b, & c). Two reminders dated 12th January 2009 and 14th January 2010 have been sent to Farida’s EFCC and mum is the answer (Annexures 13 & 14).

As at December 2008, Chevron had refunded the sum of $866 million of the Petroleum Profit Tax (PPT) evaded (Annexure 15). The relevant penalties based on the provisions of PPT Act is three times the tax evaded i.e. $2.598 billion (Annexure 16). FIRS has no choice than to abide by the law. There’s no evidence that FIRS is prepared to make this demand on Chevron. Besides, ABZ is still willing and prepared to provide a report that will turn in additional recoveries of $2.0 billion from Chevron.

As at today, ABZ has not been paid its fees for this assignment. Instead, FIRS and Chevron have been busy plotting how to silence ABZ. One way they thought they could achieve this was to encourage Chevron to seek ICAN’s (The Institute of Chartered Accountants of Nigeria) support to “deal” with the Managing Consultant of ABZ. Chevron petitioned ICAN that ABZ’s report was baseless, unprofessional and that Fidelis Uzonwanne, the Managing Consultant of ABZ, should be charged with professional misconduct. The company represented to ICAN that it never refunded any tax evaded (Annexure 17a, b & c). This is contrary to its various letters evidencing refunds e.g. letters of January 24, 2005, November 29, 2005 and receipts obtained (Annexures 17d, e, f & g). True to type, ICAN set to work through malicious advertisement of the fact that Fidelis Uzonwanne was facing ICAN investigating Panel without first writing him as a member. He is currently facing trial at Disciplinary Tribunal for exposing corruption and helping his country to recover $866 million of lost revenue (Annexures 18a, b & c). That is the sorry state of the Nigerian Nation.

Over $400 million out of the $866 million recovered from Chevron through ABZ’s effort has been diverted by FIRS and their collaborators in CBN (Annexures 19 & 20). Farida’s EFCC does not appear prepared to bring the criminals to book despite all the information made available to it (Annexures 21a, b & c). See Annexure 25 for more details on diverted funds. Instead, the conspirators have vowed not to pay ABZ its dues and will prefer the option of eliminating Fidelis Uzonwanne by any means. Yes, the plot to assassinate Fidelis Uzonwanne is thickening and he is aware of it. What is his offence? He led a team that exposed tax evasion and fraud perpetrated by Chevron. The first process of his annihilation is through financial strangulation by denying his company its dues. The next in the chain is to make sure he stops practicing his profession by using forged documents, falsehood and undue influence to get ICAN do its bidding. The final is assassination.

Please ventilate this to the whole world. The Nigerian economy is seriously being threatened by the cabal in government revenue agencies, who have vowed not to allow any of their own go down no matter how corrupt. The anti-corruption crusade is at its lowest ebb. Nigeria’s economic future is getting dimmer with every passing day. The Executive Chairman of FIRS, who supervised and managed the looting of the money recovered from Chevron in a letter with reference no FIRSB/MD/001/130 of 4th February, 2009 requested CBN, its accomplice, to give her a clean “bill of health”. CBN, by its letter dated 12th February 2009, with reference no. FOD/DIR/GA/SEC/012/68, acted accordingly (Annexure 22). The duo made a fruitless attempt to conceal a diversion of $112 million. ABZ, by its letter of 2nd December, 2009, knocked the bottom off the unwholesome arrangement (Annexure 23). The same goes for the office of the Accountant-General of the Federation (OAGF) (Annexure 24). It set up a committee to investigate the allegation of fraudulent diversion of $360 million, concluded its investigation and attempted to give Ifueko a clean “bill of health” without inviting the company that made the allegation (Annexure 25). Although the OAGF confirmed a diversion of $8.6 million, those indicted are still sitting comfortably on their seats and using tax payers’ money to campaign and launder their image.

Like all other financial scandals that have rocked Nigeria, this would have fizzled out long time ago but because of the plan of the treasury looters to “kill the goose that lays the golden egg”. If the same Chevron project had been awarded to a foreign firm, the Federal Government would have easily parted with hundreds of millions of Dollars as professional fees with the perquisites attached thereto. Believe it or not, no foreign company would have been able to match ABZ’s achievements. After ABZ’s investigation of Chevron what happened next? Other oil companies are still enjoying their illicit funds.

Since the exit of Dr. (Mrs.) Obiageli Ezekwesili from NEITI, the agency has since joined the band wagon of other government agencies who are more interested in budgetary allocations than performing the role for which they were established. ABZ by a letter dated 20th April, 2009, alerted the organization of several issues that it should ordinarily make effort to know (Annexure 26). The organization never even bordered to respond. The reason is very simple. The Executive Chairman of FIRS, Mrs. Ifueko Omouigui-Okauru has pocketed the organization and has ensured no further audits are carried out especially 2006 audit of the oil & gas industry in Nigeria, because of the unprecedented fraud by FIRS that year. The Nation lost over $3 billion of PPT and Royalty revenue to fraud.

By Fidelis Uzonwanne
Managing Consultant of ABZ Integrated Limited,
Abuja (FCT),


Thursday, October 29, 2009

Top 10 Nigerian Websites

1. Nairaland, the Nigerian Forum
A big, broad discussion forum for Nigerians. Covers dozens of topics including jobs
Main site for product information, support, and news.

2. Vanguard
Online version of a Nigerian daily newspaper covering general national news, politics, business, sports, entertainment, fashion,lifestyle human interest stories and the Niger Delta region, etc.

3. The Sun News Online
A Nigerian newspaper with a penchant for ‘British Tabloid’ styled journalism. The paper and its online version lean strongly towards entertainment, politics and other semi-dramatic local stories.

4. Nigeria Galleria :: Nigeria Information Portal
Nigeria information portal. Business directory, jobs and vacancies, news, finance, marketplace, country guide, upcoming events, forums, health and lifestyle, inspiration etc

5. The Guardian
Independent daily newspaper published in Nigeria. Site contains articles from the printed version.

6. Nigerian jobs, vacancies, employment, careers community - Naijahotjobs

7. ThisDay newspaper
An online version of a Nigerian daily newspaper. Contains news, with an emphasis on politics.


Visit NBF Nigeria Forum for your Latest Free Job Search, Social Networking, Business Connections, make new friends, Create your own blog, upload photos, upload video and many more...


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Wednesday, June 17, 2009

Nduka Obaigbena Challenges Africans at the ARISE Africa Fashion Awards

16 Jun 2009 16:11 Africa/Lagos

"The moment for Africa is upon us. At this time of global economic crisis, the people of Africa must turn disadvantage into opportunity and show the world that we are witnessing the first green shoots of the emerging African century. We have all it takes and we're going for it!"

~ Nduka Obaigbena, ARISE founder and THISDAY GROUP Chairman

ARISE Africa Fashion Awards Brings Week of Global Style Showcase to an Exciting Finale

R&B Superstar R. Kelly to Perform For The First Time Ever in Africa

JOHANNESBURG, South Africa, June 16 /PRNewswire/ -- On Saturday, 20 June 2009, the inaugural ARISE Africa Fashion Awards will bring ARISE Africa Fashion Week (June 12th - 20th) to an exciting conclusion, with one designer winning the once-in-a-lifetime chance to present at New York Fashion Week in the ARISE Africa Rising show in September. A world-class launching pad for the continent's most promising designers, ARISE Africa Fashion Week -- presented by ARISE Magazine and produced by African Fashion International (AFI) -- will present dozens of collections from across Africa, in Johannesburg.

The awards ceremony will take place at the Sandton Convention Center, Johannesburg, in the sumptuous Pavilion Room from 6 p.m. to 10 p.m. A panel of fashion insiders and experts will present awards to designers and models in several categories, including Designer of the Year, New Face of the Year and an Award for Innovation. In addition, esteemed humanitarian, philanthropist and former First Lady of France Cecilia Attias will deliver the keynote address, "The Promise of Africa." Recently she founded the Cecilia Attias Foundation to support non-governmental organizations in the improvement of women's lives globally.

Nduka Obaigbena, ARISE founder and THISDAY GROUP Chairman, said, "The moment for Africa is upon us. At this time of global economic crisis, the people of Africa must turn disadvantage into opportunity and show the world that we are witnessing the first green shoots of the emerging African century. We have all it takes and we're going for it!"

Dr. Precious Moloi-Motsepe, Founder of Africa Fashion Week and the Africa Fashion Awards, said, "Our goal is to promote and recognize the best of African fashion talent on a global scale and the ARISE Africa Fashion Awards is a further step towards fulfillment of this goal."

Nduka Obaigbena and African Fashion International Chairperson, Dr. Precious Moloi-Motsepe, will present the Lifetime Achievement Award to a surprise honoree.

Among the event's highlights will be a command performance from international, platinum-selling recording artist R. Kelly. R. Kelly's appearance at the ARISE Africa Fashion Awards kicks off a multi-city tour through Africa and ends in London. R.Kelly said, "I'm very excited about my first visit to Africa, I've dreamed about this for a long time and it's finally here. It will be one of the highlights of not only my career but my life. I can't wait to perform in front of my fans in Africa -- who have been some of the best in the world." THISDAY Music and Fashion Festivals, have brought music and fashion icons as well as world and business leaders, to Lagos, Abuja, London and Washington, DC, including Bill Clinton, Jay-Z, Beyonce, Rihanna, Usher and many more.

ARISE Africa Fashion Week launches at a unique moment in history. The U.S. First Lady Michelle Obama's preference for young, multicultural designers, European fashion houses' rage for African motifs and Italian Vogue's recent best-selling issue on black style all point to an unprecedented opportunity for African designers. The ARISE Africa Fashion Awards will train the spotlight on the source of all this inspiration, Africa, and will provide a platform from which its gifted designers can launch international careers and businesses.

ARISE Africa Fashion Week has already confirmed the participation of over 51 of the best African fashion designers from 20 countries and all regions of the continent. ARISE Africa Fashion Week is set to become an annual event hosted by different countries on the continent each year following 2010, with Nigeria expected to host the event in 2011. Organizers, African Fashion International, are confident that it will become one of the world's major perennial, must-attend fashion events.

THISDAY Music Festival Starring R. Kelly, Presented by ARISE Magazine, tour schedule:

Saturday, June 27th at the Superbowl in Sun City

Monday, June 29th at the Grand West Casino in Cape Town

Friday, July 3rd at the THISDAY Dome in Abuja, Nigeria

Saturday, July 4th and Sunday, July 5th in Lagos, Nigeria

Wednesday, July 8th at Wembley Arena in London, UK

Tickets will be available at Computicket.

ARISE Magazine

ARISE, launched in February 2009, is the world's first magazine on global African style, culture, business and politics. Produced in London, ARISE is published by THISDAY Media Group, Leaders & Company Ltd, one of Africa's leading daily news outlets. THISDAY events, including the THISDAY Awards and THISDAY Music and Fashion Festivals, have brought music and fashion icons as well as world and business leaders to Lagos, Abuja, London and Washington, DC, including Bill Clinton, Jay-Z, Beyonce, Rihanna, Usher and many more. ARISE is aimed at a readership throughout the global African Diaspora with an interest in the cultural successes and positive social developments coming out of the continent. Its editorial content and quality are tailored to appeal to young and affluent readers.

ARISE is published by THISDAY Media Group, Leaders & Company Ltd.

+44 207 292 8900
+44 207 440 1100

African Fashion International (AFI)

African Fashion International (AFI), founded, owns and operates the African continent's most anticipated and directional fashion weeks, namely Cape Town Fashion Week, Durban Fashion Week (50% ownership), Audi JoBurg Fashion Week (autumn/winter), JoBurg Fashion Week (spring/summer) and Arise Africa Fashion Week, in addition to other fashion-related strategic marketing initiatives.

AFI values key company traits of excellence, innovation, transformation, development, relationship building and integrity.

AFI strives to be globally recognized as the leading authority on African fashion-related strategic marketing initiatives and African fashion brands. AFI aims to improve the quality of fashion design output from Africa, to promote African brands, and to dramatically raise the profile of fashion designers from the continent.

AFI is spearheaded by Dr. Precious Moloi-Motsepe, Chairperson.
+27 11 269 6960

Source: ARISE Africa Fashion Awards

CONTACT: Barry Parasram,, or Jennifer
Nilsson-Weiskott,, both of Paul Wilmot Communications,

Web Site:

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Saturday, February 21, 2009

Nigerians Report and Guaranty Success Reported in This Day of Nigeria

The launch of two of my news blogs was reported in This Day newspaper in Nigeria last Thursday February 19, 2009. The new blog Nigerians Report - and GUARANTY SUCCESS - and the following is the news report in full.

2 News Blogs Launched

Nigerians and Guaranty are two of the most popular Nigerian news and information blogs on the internet, rich with 24 hours news videos from the BBC, Reuters, AP, ABC and other major news channels in the world.

"If you want breaking news from the grassroots, go to Nigerians and if you want better jobs and better career opportunities and free books on all subjects, Guaranty has it all," said Ekenyerengozi Michael Chima, the Publisher and Editor, who is fast developing the largest Nigerian news and information portal on the internet with over 37 websites so far.

Nigerians Report has been created to promote citizen journalism in Nigeria and so it is a Free For All (FFA) internet news blog for all literate Nigerians to report their own news and tell their own true life stories 24 hours daily.

"Nigerians are the best reporters of what is happening in Nigeria, because we are in the best position to break our own news and tell our own stories before the CNN, BBC or Sky rush to do so, "Michael Chima elaborated.

Guaranty is in fact the most syndicated Nigerian business success website. It has been syndicated more than 200, 000 times.

"My mission is to bridge the wide gap in communication between Nigeria and the rest of the world on the internet, and stop the misinformation and miseducation of millions of ignorant people on the internet, whose erroneous and ambiguous notions of Nigeria and Nigerians should be corrected to stop the further damage on the image of Nigeria and the global village," Michael Chima said.


Contact: Ekenyerengozi Michael Chima, Publisher/Editor, Tel: 234 07032366127

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