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Revealed: Alleged Money Launderer, Kola Aluko’s Properties, Mansion in Switzerland…

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Photos and details of a multi-million dollar home in Switzerland owned by Kola Aluko, a suspected money launderer for former President Goodluck Jonathan and Petroleum Minister, Diezani Alison-Madueke have been obtained by Saharareporters. Mr. Aluko’s palatial home is nestled in the beautiful canton of Ticino, in southern Switzerland. Ticino is renowned for its mild winters and boasts some of the highest number of sunshine hours in Switzerland. Continue reading…

In a week when UK law enforcement authorities arrested Mrs. Alison-Madueke in London and agents of the Economic and Financial Crimes Commission (EFCC) searched her homes in Nigeria, Mr. Aluko was reportedly holed up in his Swiss mansion located at Catonale 17, 6948 Porza in Tocina, according to a source familiar with his whereabouts. Mr. Aluko is famous as one of the hitherto obscure individuals dusted up by the former Petroleum Minister to be fronts for her shady billion dollar schemes in the oil sector. A flamboyant man, Mr. Aluko relished his meteoric rise to stupendous wealth, purchasing villas, expensive cars, and a yacht, dating former supermodel Naomi Campbell, and partying with movie and entertainment stars in the UK, Europe and the US.

Several reports have been written about Mr. Aluko’s role as one of the launderers of billions of dollars illicitly cornered by the embattled former Minister of Petroleum and former President Jonathan.

An investigation pointed to a falling out between Mr. Aluko, on the one hand, and Mrs. Alison-Madueke and Mr. Jonathan, on the other. The major contention was centered on Mr. Aluko’s indiscreet and flashy lifestyle, which triggered the former minister’s fears that his opulent acquisitions and taste could attract unwanted attention. According to sources close to both parties, the relations between Mrs. Alison-Madueke and her front soured badly after Mr. Aluko was seen in numerous photographs accompanied by Ms. Naomi Campbell. They said Mr. Aluko stopped traveling to Nigeria and absconded with a massive amount of looted money he was supposed to launder for Mr. Jonathan and the former Petroleum Minister.


Intelligence documents leaked described Mr. Aluko as a “money launderer” and “money manager,” for elite politicians in Nigeria—especially Mrs. Alison-Madueke. The documents claimed that Mr. Aluko purchased several real estate properties in Los Angeles and New York for as much as $23 million. SaharaReporters has also learned that hip-hop power couple, Jay Z and Beyoncé, spent a vacation on Mr. Aluko’s $50 million yacht.

Mr. Aluko’s Swiss estate, known as Villa Rezzonico, is described by one Italian language newspaper as having “an area of 1,400 square meters, dozens of rooms, and is surrounded by a park of 4,700 square meters with a swimming pool, fitness area and several oases for relaxation.” The paper described the villa as “one of the most beautiful architectural relics of the early twentieth century or twentieth century in Switzerland.” The newspaper identified Mr. Aluko as the new owner of the mansion, adding that he carried out significant renovations and equipped the property with a sophisticated security system.

As part of our ongoing investigation into Mr. Aluko’s role as a money launderer, our correspondent rang his home number, +41 91 940 27 14. An employee who answered the call confirmed that Mr. Aluko lived at the house, but claimed he was “unavailable to speak on the phone.” This employee told our correspondent that she would pass the message to Mr. Aluko. However, he did not return our call at the time of this publication.

Mr. Aluko’s sudden wealth came from his ownership of Atlantic Energy, a shady firm that received generous oil export contracts from the Nigeria National Petroleum Corporation (NNPC) six months before it was legally established as a company. Mrs. Alison-Madueke also recommended the award of at least five oil blocks to Atlantic Energy.

Mr. Aluko also owns Tenka AG, a company based in Zug, Switzerland that was formed in late 2012. Tenka AG is described as a food and hospitality company and owns a capital of 500,000 Swiss francs.

Source: Saharareporters

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Asiko deepens gas penetration, unveils 300 metric tonnes LPG/CNG depot in Benin

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to grow in geometric progression- Alex Ogedegbe

… We are going to expand into CNG, LNG Gas Station- Abubakar Folami 

 

 

Asiko, a leading provider of clean energy solutions operating in Nigeria’s energy sector, has continued to contribute to the economic development of the country with its sterling efforts to ensure in-country utilisation and deepening of gas penetration in the nation, as it unveils 300 Metric Tonnes Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) depot in Utesi, Ikpoba Okha local government area of Edo state.

 

This project invariably aligns with the federal government’s priority objective to attain 5 million MT of LPG consumption by 2023.

 

Speaking at the official commissioning of the gas depot, the Chairman of the Asiko Group, Engr Alex Ogedegbe, expressed that the gas potential of Nigeria is enormously huge and the LPG/CNG depot is designed to provide much-needed energy solution to Nigeria and beyond.

 

“Today, we are excited to launch our 300MT LPG and CNG depot. The multi-product gas depot, promises to improve gas availability and distribution in the region.”

 

According to him, “The LPG/CNG depot is poised to become a hub for a wide range of gas products. Under its licensing agreement, the depot is authorised to store Propane, LPG (Liquefied Petroleum Gas), CNG (Compressed Natural Gas) and Liquefied Natural Gas (LNG). Currently, it stores LPG and CNG, with plans for future development to enable the storage of LNG in the near future. The 300MT depot, the biggest in Benin, marks an added step towards contributing to a clean energy future and the realisation of the Federal Government’s decade of gas initiative.”

 

Ogedegbe said, “Nigeria is endowed with up to 183 trillion cubic feet of gas deposit, and we have not consumed up to 5% of that deposit in Nigeria today. Imagine how much we can distribute to Nigerian society and beyond if we have installations and facilities like this that we are commissioning today.

 

 

Also speaking to newsmen at the event, Mr Abubakar Folami, a Director at Asiko, said that the company has similar inland depots and plants across Nigeria, with an impressive inland Propane and LNG terminal currently under construction in Ijora, Lagos.

 

Similarly, the Utesi Community head, (Okaighele) Mr Monday Edo, said he was very happy about the project commissioning.

 

This LPG/CNG depot is not just a beacon of progress for the energy sector; it also carries a profound impact on the local community. The depot is expected to generate over 100 job direct and indirect job opportunities, contributing significantly to the economic welfare of the region. The creation of these jobs underscores Asiko’s commitment to empowering and uplifting the economic activities of its host communities.

 

Asiko is a leading provider of clean energy solutions in Nigeria, dedicated to delivering a comprehensive network of sustainable, accessible, and innovative clean energy solutions. With a focus on LPG, LNG, CNG, propane, and renewable energy, Asiko drives the region’s clean energy transition and ensures energy security.

 

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Tingo Media CEO Agbonwaneten to bury mum in PH

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It will be a carnival of sort as the Chief Executive Officer of Tingo Media, Mr. Ebuwa Martins Agbonwaneten has concluded plans to hold the funeral of his mother, Princess Karina Namikpoh who passed away at 68.

A statement by Agbonwaneten, who is also the CEO to The Dozy Mmobuosi Foundation, a non-governmental organisation owned by billionaire technology entrepreneur, Dozy Mmobuosi on behalf of the family, said their matriarch will be laid to rest in Port Harcourt, Rivers State on September 29- October 1, 2023.

A service of songs and tributes hold in her honour on Friday, September 29 at Azny Place, No 2 Louis Drive, opposite Nextime supermarket, GRA Phase 3, along Abacha Road, Port Harcourt.
Funeral service hold on Saturday, September 30 at Vaults & Gardens, Aggrey Road, off Cemetery Road Port Harcourt.

An interment reception will take place at The Palacios Event Centre, 63 Woji Road, Phase 2 Port Harcourt.

On Sunday, Oct 1, thanksgiving service will take place at Hilltop International Christian Centre, 7 Hilltop Drive Waterlines/Elekahia Link Road Port Harcourt.

Agbonwaneten extended invitations to colleagues, associates and business partners, saying interesting activities have been lined up for their unforgettable experiences.

“As you may already know, my mother’s burial is scheduled for the 29th – 30th of September, 2023, in Port Harcourt. This event is not just a somber occasion; it’s a celebration of a remarkable life and a chance to bid farewell to an extraordinary woman.

“I want you to be a part of this grand celebration. It’s an opportunity to join me in giving my mother the dignified and joyous send-off she deserves. I assure you; we have prepared an unforgettable experience for all who attend!

“Transportation will be seamless, with arrangements and adequate security in place for those traveling from Lagos, Benin, Abuja and all all over the world to Port Harcourt—all free of charge.

“We’ve secured top-notch hotel accommodations to ensure your stay is comfortable and convenient. Our event planning team and funeral directors rank among the industry’s finest, ensuring that every detail is meticulously attended to.

“You may already know my reputation as a gracious host, and I promise you won’t be disappointed. Our menu boasts a delectable array of cuisine, from continental delights to local favorites like ‘nkwobi,’ ‘pepper soup,’ ‘bolé,’ ‘starch and banga’, and more. The drink selection is equally impressive, featuring a range of choices from Champagne, Hennessy, Glenfiddich, Jack Daniels, cocktails, assorted wines, both alcoholic and non-alcoholic, and more,”he stated.

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Nationwide Blackout As National Grid Collapses Again…

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Nigeria has again been thrown into darkness after the national grid system, operated by the Transmission Company of Nigeria (TCN) from Osogbo in Osun State collapsed.
A check by The Guardian in the early hour of today showed that the grid plummeted to a meagre 273 megawatts of electricity coming from two out of the over 27 electricity generation.
This comes barely a week after TCN, rolled out the drum to celebrate a questionable 400 days of grid stability.
A number of Distribution Companies confirmed to The Guardian that the grid went down at 00:41 AM, disclosing that most of their feeders are out.
As of 4:00 a.m. on Thursday, five generating plants were on the grid. Afam VI had 0.70MW, Dadinkowa was generating 0.00MW, Ibom Power had 32.90MW, Jebba had 240MW and Olorunsogo was on the grid with zero generation.
At about 1AM midnight, the total power on the grid was 35MW, indicating that the country experienced a total collapse.
The grid went to 193MW at about 3AM before climbing to 273MW when this report was filed.
The TCN has not responded to inquiries by our correspondent about the development.

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