Timipre Sylva’s account Was Credited With $2M In A Single Transaction, Which Investigators Believe Is Linked To Fraud
Investigations into the activities of politically exposed persons (PEPs) in Nigeria and other listed African countries have found a peculiar transfer of $2,039,975 into one of Nigeria’s Minister of State for Petroleum, Timipre Marlin Sylva’s accounts.
Iexclusivenews Nigeria reports that according to police, the money is thought to have come from a slush fund. The police believe the money is the product of a crime or a direct transfer to a man who spent his early years in the Nigerian government, based on the presumption that Sylva does not own a thriving private enterprise.
From May 29, 2007, to January 27, 2012, he was the governor of Bayelsa State, as well as a Special Assistant to former Minister of State for Petroleum Edmund Dakouru (2004 to 2007).
On May 10, 2019, Moni Pulo Limited, a company registered with the Corporate Affairs Commission (RC – 183333) on January 3, 1992, with an address of 17 Liberation Drive, P/Harcourt, Rivers State, placed the funds in Sylva’s Access Bank account (Account number: 0047560618).
On CAC’s website, the firm is listed as ‘Inactive,’ meaning that CAC does not recognize it as being active in business with proof of filing tax and corporate returns.
The account had numerous deposits in the hundreds of dollars range, according to papers obtained by Pointblanknews.com, but the deposit of over $2 million in one transaction for a public figure caught the investigators’ curiosity.
The influx, which happened throughout a three-month period from April 15, 2019 to June 21, 2019, is another aspect of the account that caught the investigators’ curiosity.
During this period, Ernest Eruba made a $15,000 deposit on May 10th, Abdulmalid made a $30,000 deposit on April 29th, and Dream Sky Limited/Kabiyo General Merchant/AB/ made a $50,000 deposit on May 10th.
Timipre Sylva and his friends have been charged with a series of frauds. The Economic and Financial Crimes Commission, or EFCC, a Nigerian agency charged with preventing and investigating financial crimes, had previously sealed and seized some high-net-worth property believed to be Sylva’s.
The EFCC, in an unprecedented turn of events, has changed its stance on the issue, leading Nigerians to wonder what happened to the seized property. They were returned to him, according to insiders. President Buhari’s appointment of him as a minister demonstrates that Nigeria’s anti-crime authorities have given him a clean bill of health.