Home Life Style EXCLUSIVE: How Nigerian Ports Authority Managing Director, Koko Sold £1.75Million Mansion In London Whereas ‘Serving As Amaechi’s Financial institution Story Officer’

EXCLUSIVE: How Nigerian Ports Authority Managing Director, Koko Sold £1.75Million Mansion In London Whereas ‘Serving As Amaechi’s Financial institution Story Officer’

by Good News

Mohammed Bello Koko, the Managing Director of the Nigerian Ports Authority (NPA) bought a dwelling rate £1,750,000 within the United Kingdom in 2015, a file seen by SaharaReporters has revealed.

SaharaReporters gathered that the Kebbi bid-born banker became once the Zenith Financial institution accounts officer to Rivers bid authorities when Rotimi Amaechi became once governor.

He had worked within the banking circles in Rivers for a truly very prolonged time, rising to became deputy regional supervisor at Zenith Financial institution Plc.

In 2016, the 53-year-ragged Bello-Koko became once appointed govt Director of NPA after he proceeded on a walk away of absence from the bank in 2015.

He became once responsible of finance and admin below the sacked MD, Hadiza Bala-Usman. 

The file seen by SaharaReporters confirmed that the mansion located at 2A Beech Hill, Barnet, Increased London, EN4 0JP became once bought by Bello-Koko on November 06, 2015, at £1,750,000.

The 7-bedroom freehold quiet dwelling is currently ranked because the 11th most costly property in EN4 0JP, with a valuation of £2,274,000.

“Since it last sold in November 2015 for £1,750,000, its rate has increased by £524,000,” an property developer web philosophize, The Transfer Market stated.

“2A Beech Hill, Barnet has 3 transactions recorded with HM Land Registry – its market rate as of late is £2,274,000.

“The present owner bought the property in November 2015 for £1,750,000 and has lived here for 5 years. Since the present owner bought the property, its rate has increased by £524,000 (29.9%).

“The outdated owner had the property for 4 years, having bought it in October 2011 for £1,200,000.

“At some stage in this time, the model rose by £550,000 (45.8%), which equates to it increasing in rate by 9.7% every year. The property modified into out to be a truly valid funding for the outdated owner.”

PHOTOS: How Nigerian Ports Authority Managing Director, Koko Sold £1.75Million Mansion In London Whereas ‘S… by Sahara Newshounds on Scribd

Anti-corruption Group Speaks 

In the intervening time, an anti-corruption team, ‘Insist No To Corruption In Nigeria’ has requested the Economic and Financial Crimes Price (EFCC) to develop its searchlight on Bello-Koko and the Minister of Transportation, Rotimi Amaechi.

“It’s no extra a secret that Bello-Koko became once Amaechi’s narrative officer for years. He has been a crony for Amaechi’s contaminated practices,” the coordinator of the team, Ahmed Abubakar stated.

“How will it be that in 2015, Bello-Koko obtained a property rate £1,750,000 within the United Kingdom, a couple of months after Amaechi left station of enterprise as governor and him being his narrative officer?

“His last station in Zenith Financial institution earlier than he went on walk away became once deputy regional supervisor, how became once he in a position to search out the cash for a dwelling of that quantity in 2015? These are questions begging for solutions.

“This man became once responsible of finance and admin below Bala-Usman in NPA then. Under fashioned instances, he will earn to be the principle goal for the probe that sacked the girl. Despite the entirety, the allegations investigated fell all of a sudden below his department.”

Abubakar added, “As Nigerians put together for the elections, it is serious that the arena pays indispensable consideration to the continuing campaigns to search out out who becomes the President of Nigeria attain Could 2023. Whereas many candidates seem to earn the fair pedigree to be hunting for this exalted station of enterprise, Rotimi Amaechi stands out as too decidedly contaminated and morally bankrupt to be doing so.


“Amaechi served as Speaker of Rivers Suppose (an oil-filthy rich bid in Southern Nigeria) for 8 years and went on to aid as governor of the bid for every other 8 years. For the previous 7 years, he has been Nigeria’s Minister of Transportation. 

“At some stage in these 23 years, Amaechi has develop valid into a master of awarding dubious contracts to phoney corporations, for non-existent jobs, in most cases to political cronies, who it looks, served as his earn purses for the proceeds of those contracts.


“Amaechi’s sample of corruption reared its head no longer too prolonged ago within the wake of the center-broken attack on a educate travelling between Abuja, the nation’s capital city, and Kaduna, a serious metropolis within the Northwest of the country. At some stage in his inspection of the hurt, he blamed the present authorities, of which he’s a member of the Government, for transferring too slowly to award the contract he had pushed for securing the rail lines.

“The very subsequent day, minutes from that Government Council Assembly had been released to portray that Mr. Amaechi had supposed to award the contract rate N3.7 billion (about $8.5 million) to a firm that became once registered handiest two years ago without a prior narrative of security jobs, and a turnover of lower than $190,000. It is on the premise of those questionable information that the proposal became once denied.


“Unhappy as this episode might maybe maybe maybe additionally be for Nigerians given the shortcoming of lives on that educate attack and the persevering with hostage of lots of the passengers on that educate, this sample of fictitious contracting is one which Mr. Amaechi looks to earn sadly mastered to perfection. And it is one which Nigerians will earn to be responsive to and as such, no longer reward him with the most effective station of enterprise of their country.


“At some stage in his duration of time as governor of Rivers Suppose, Amaechi automatically broke his earn procurement laws and awarded contracts animated big sums of cash to many questionable causes and invisible companies and products. The employ of several internal most and company proxies, hundreds of billions of Rivers Suppose taxpayers’ monies had been merely siphoned off the bid’s coffers by his cronies.


“As an illustration, Amaechi’s authorities awarded a contract and paid a firm named Magnum and Hunter Restricted obtained several hundreds of millions from the Rivers Suppose Sport Ministry Story Quantity 0006786960 in a number one Nigerian Financial institution. Yet, a search of this firm in Nigeria’s Corporate Affairs Price (CAC) suggests the firm is no longer registered and has no computer screen narrative upon which that contract will deserve to had been awarded.


“In the same vogue, a couple of weeks after Lemaco Engineering Restricted became once registered in Port-Harcourt, the Suppose capital, the authorities awarded it a profitable contract for which it obtained practically N850 million from the Rivers Suppose Sports activities Ministry’s narrative within the identical bank. A search on CAC’s web philosophize signifies the present situation of this firm is now unknown. Unsurprisingly, and in accordance with Amaechi’s modus operandi, Lemaco Engineering Restricted became once floated by his shut confidant, Victor Giadom, who for several years served as a serious cupboard member in Amaechi’s authorities.


“Many different contracts had been awarded cherish Lemaco’s through which the corporations are formed hurriedly by obvious cronies, they earn a abundant contract, monies are paid upfront, without a discernible items equipped, companies and products rendered or advantages obtained for the electorate of the Suppose. Such corporations and deals encompass ones given to Opriala Integrated Companies and products which obtained N103 million, Faribo Nigeria Restricted which bought over N920 million, Klear Picture Restricted, which obtained N216 million, and Tawfik Engineering Restricted which obtained N143 million from the River Suppose Ministry of Works.

“A search of those corporations in CAC’s database signifies they produce no longer exist and can had been Special Cause Vehicles in a tall scheme of cash laundering and corruption. Every other sample of transactions that pervaded his time as Governor had been in general abundant sums of payments in cash to members. These transactions looked fraudulent due to they had been no longer handiest conducted in cash but without a descriptions in anyway for his or her advantages to the taxpayers Mr. Amaechi swore to aid.


“As an illustration, in a single day and for no recorded goal, a senior first fee of the Finance Ministry named J. P. Brown made cash withdrawals of N10 million each and each totalling N950 million from the Rivers Suppose Sub Treasury Pension Story Quantity 6010944734 in a first-fee commercial bank. On the time of this withdrawal, the principle narrative officer of Rivers Suppose became once a gentleman named Mohammed Bello-Koko, who became once later arrested and imprisoned by Nigeria’s anti-graft company. 

“As soon as Amaechi modified into a highly efficient Minister, he worked out his release and made Mr. Bello-Koko an Government Director responsible of Finance on the Nigerian Ports Authority (NPA), an company below Mr. Amaechi’s Transportation Ministry. As a reward for persevered cooperation and connivance for such contaminated deals, Mr. Amaechi no longer too prolonged ago ensured the promotion of Mr. Bello-Koko to the post of CEO of the NPA. A drawing near near essay will portray such contemporary deals on the NPA.


“Similar to the withdrawal above, Amaechi presided over many such cash withdrawals from the bid’s treasury by cronies and buddies. In August 2012, a particular person named Atu Komily obtained a cash price of N110 million in tranches of N10 million each and each from the Deputy Governor’s Overhead Story Quantity 5030000382 domiciled in a mid-stage Nigerian bank. The same particular particular person obtained N430 million in cash payments from the identical bank a couple of weeks later. In the same vogue, cash payments of N230 million and N190 million had been constituted of the identical narrative to Kiri Okeanyi and Mabel Worika respectively.

“These withdrawals had been executed in tranches of N10 million and N20 million each and each in July 2012. Also, cash payments in tranches totalling N350 million had been made to a particular person named Daobu Harry in September 2012 from the Rivers Suppose Sports activities Ministry Story Quantity 5030032978 within the identical mid-stage Nigerian bank.


“In a brazen portray of corruption, impunity and non-accountability, such transactions modified into the advise of industry at some level of Mr. Amaechi’s tenure as governor. Linked cash withdrawals, without a description for work executed or service rendered, had been made to Gleaming Ezebuola (N180 million), Innocent Amadi (N120 million), Abaate Godson (N110 million), Christopher Quakers (N130 million), Leyira Pyagbara (N280 million) and J.P. Brown (N1.2 billion).


“There are reasonably a whole lot of various such transactions that had been all of a sudden ordered by Mr. Amaechi and marked “Government Governor’s Plight of job totalling over N98 billion in one bank alone that incessantly is the self-discipline of every other essay.

“No matter these and a whole lot of different neatly-documented allegations, President Buhari, who in another case looks no longer to condone corruption in any guise and from someone, continues to tolerate Mr. Amaechi, leading many to suspect he might maybe maybe maybe additionally be doing one thing for the President’s internal circle who’re defending him.


“No matter what the President or anti-graft companies might maybe maybe maybe additionally produce with these verifiable records, it is crucial that Nigerian voters are responsive to Mr. Amaechi’s sample of governance, which is riddled with opacity, cronyism, and corruption.”


Pandora Papers 

In the intervening time, a Pandora Papers in 2021 revealed that Bello-Koko became once within the lend a hand of two shell corporations incorporated in a tax haven to anonymously make investments within the United Kingdom property market. 

This potentially violates Nigeria’s public service code of habits laws.

Pandora Papers also disclosed that he and his wife, Agatha Anne Koko, enlisted the companies and products of financial secrecy vendor, Cook dinner Worldwide and Alemán, Cordero, Galindo & Lee (Alcogal), an offshore law company, to register Coulwood Restricted (reg. quantity: 1487897) and Marney Restricted (reg. quantity: 1487944) within the British Virgin Islands (BVI), surely one of the indispensable arena’s most incessantly unheard of tax havens, in 2008. Every corporations had been registered on the identical day, June 19, 2008.

Though a public servant, Bello-Koko is also a director of the 2 corporations, in violation of Nigeria’s Code of Behavior Bureau and Tribunal Act (Sections 5 and 6).

Pandora Papers mission is led by the Worldwide Consortium of Investigative Journalists (ICIJ).

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