Goodluck Jonathan taking Corruption Lessons from Iranian President!

By IndepthAfrica
In News
Feb 1st, 2014

by Ogbuefi Blogs
The Reuters report below may be of interest to Goodluck Ebelemi Jonathan. I find it interesting that the present government happens to be the only government in living memory that have not recorded any high profile jailing for corruption – not even of his political opponents! It will remain an indelible stain on Jonathan’s administration,

whatever any other achievement.

The story below show’s how big time billionaire sanction profiteers in Iran – Nigeria’s equivalent of subsidy profiteers – are jailed in Iran. But unlike Iran, subsidy profiteers that stole more than 1 trillion Naira are still milling around Aso Villa.

I finally had time to listen to Lamido Sanusi TEDx speech, ‘overcoming the fear of vested interests’ [see video by your right]. I found it very depressing that under former president, Late Umaru Yar’adua, a former Nigerian bank chief was sentenced to six months in prison for fraud and ordered to hand over $1.2billiion in cash and assets.

Sanusi said that while Cecilia Ibru, former CEO of Oceanic Bank, was jailed for fraud and mismanagement, her colleague, Erastus Akigbola is still walking free because under Goodluck Jonathan, a high court judge was promoted to the Appeal Court after conclusion of trial simply to destroy the case.

Does Jonathan lacks the balls to tackle corruption or is it that he really believed what he told world leaders in Davos; that Africa’s problem is not corruption?


Former Managing Director of Intercontinental Bank Plc., Mr Erastus Akingbola. His trial failed to resume at the Lagos High Court in Ikeja September last year as the trial judge, Justice Adeniyi Onigbanjo was transferred recently from the criminal division of the court to the commercial division. The Chief Judge of Lagos State, Justice Ayotunde Philips has now reassigned Mr Akingbola’s case file to Justice Babajide Lawal-Akapo. With this move, Justice Lawal-Akapo becomes the third judge within the last two years to hear the charges on the N47.1 billion theft charges preferred by the Economic and Financial Crimes Commission (EFCC) against Mr Akingbola and his associate, Bayo Dada. Mr Erastus Akingbola is standing trial on a 22-count charge of conspiracy and stealing of N47.1 billion belonging to the Intercontinental Bank (now Access Bank Plc). It will be recalled that the trial was at the stage of adoption of final written addresses by the parties, when Justice Abiru was suddenly elevated to the Court of Appeal in 2012 by the Federal Government. The defendants were then re-arraigned before Justice Onigbanjo on the 26th of February 2012 and the matter started afresh. The two men again pleaded not guilty to the charges and were granted bail with the terms earlier given to them by Justice Abiru. And now, with the new Judge, Justice Lawal-Akapo, the case is again starting afresh.

Arrest of billionaire highlights political divisions in Iran – Reuters

By Babak Dehghanpisheh

BEIRUT (Reuters) – While international sanctions have made life a struggle for many Iranians, they were a big break for businessman Babak Zanjani, who made a fortune helping the government evade the restrictions on oil sales. He also made enemies.

A $40,000 watch on his wrist and a Tehran football club for a plaything, Zanjani shuttled to meetings on private jets, arranging billions of dollars of oil deals through a network of companies that stretched from Turkey to Malaysia, Tajikistan and the United Arab Emirates, he said last autumn.

“This is my work – sanctions-busting operations,” he told Iranian current affairs magazine Aseman.

Under the conservative presidency of Mahmoud Ahmadinejad, the 39-year-old Zanjani was good enough at his work to amass a fortune of $10 billion – along with debts of a similar scale, he told Aseman – until he was arrested late last month.

He is being held in Tehran’s notorious Evin prison, accused of owing the government, under moderate new President Hassan Rouhani since August, more than $2.7 billion for oil sold on behalf of the oil ministry.

Rouhani’s government, which has struck a preliminary deal with the West to ease some sanctions in return for curbs on its nuclear activities, has not said what specific charges are being investigated. But two days before Zanjani’s arrest, Rouhani had written to his first deputy demanding action against sanctions profiteers.

When announcing the arrest, a judicial spokesman said “he received funds from certain bodies … and received oil and other shipments and now has not returned the funds” and that any violations would be addressed after the investigation.

Zanjani has always denied any wrongdoing and says he only tried to do a service for the country. His office did not immediately return requests for comment.

Analysts say Zanjani’s connections with senior officials in Ahmadinejad’s administration and in the Revolutionary Guards – a powerful branch of Iran’s military with extensive business interests – have made him a political target.

“The arrival of the new government played a big role in the downfall of Zanjani,” said Fereydoun Khavand, an Iran expert and economist at the Paris Descartes University.

“The issue of Zanjani and the broader issue of corruption has become a factional war between the reformists on one side and the conservatives on the other side.”


Zanjani’s rise from market trader to billionaire middleman has become for many ordinary Iranians not a rags-to-riches inspiration but evidence of cronyism.

“This is not about an individual. This is a collective where Babak Zanjani is the facade,” said a factory owner in Tehran, to explain what he called the businessman’s “unnatural growth”.

The collective that gave Zanjani his big opportunity was the Revolutionary Guards, which expanded its social, political and economic influence under Ahmadinejad, playing a major role during the 2009 presidential election and the suppression of protests after two defeated moderate candidates claimed the vote was rigged. The two have been under house arrest since 2011.

In 2010, Zanjani began helping Khatam al Anbia, one of the largest companies controlled by the Guards, to evade financial sanctions. Zanjani says that the following year, when Rostam Qassemi, a former senior commander in the Guards, became oil minister, he asked Zanjani to sell oil and transfer money back to Iran.

“Zanjani solved the problems of the Revolutionary Guards and Khatam al Anbia to a degree,” said Esmail Gerami-Moghaddam, a reformist former member of parliament.

If his proximity to the Guards discomfited the moderates, a political tussle in February last year made outright enemies of some of them when Ahmadinejad accused the brother of the Speaker of Parliament Ali Larijani, a long-time rival, of offering political favors in exchange for an introduction to Zanjani for business ventures.

The brother denied the charges, and Ahmadinejad’s rivals accused Zanjani of complicity in trying to smear Larijani and his family.

In late December, with Ahmadinejad out of office, a dozen parliamentarians, most of them critics of the previous government, wrote a letter to Rouhani, Larijani and the head of the judiciary, accusing Zanjani of initiating an illegal $5.4 billion business deal, hanging on to money from oil sales to the oil ministry and demanding that corruption charges be pursued against him.

Zanjani was arrested days later, and within a week a senior aide was also arrested.

“Zanjani’s arrest will probably be used as a vehicle by the faction supporting the Rouhani government to expose files against their opponents,” Khavand said.

That could explain why Zanjani’s erstwhile supporters have kept their heads down since his arrest.

“The hardline politicians and those affiliated with the former government who supported him behind the scenes cut their support,” said Gerami-Moghaddam.

If Zanjani has become a political target, he is also now a lightning rod for anger at the perceived corruption and economic mismanagement of the previous administration.

But Zanjani is a symptom of a wider, systemic problem, said Khavand.

“That we want to summarize the issue of corruption in the Islamic Republic to Zanjani or people like Zanjani is wrong,” Khavand said. “The economic structure of Iran, along with its political structure and the lack of a free press, have allowed for the roots of extensive corruption to spread.”

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