The Republic
Looted Funds

1999 — 201317.· £10m+ forfeited · pardoned 2013· Chapter I · Money

Diepreye Alamieyeseigha — Bayelsa proceeds

Former Governor of Bayelsa State (1999–2005). Arrested at Heathrow on 15 September 2005 with £1m cash and properties worth £10m+ restrained; jumped bail in November 2005 (the apocryphal 'disguised as a woman' escape) and returned to Nigeria. Impeached 9 December 2005. Pleaded guilty before FHC Lagos (26 July 2007) to 6 counts; assets in UK, South Africa, Denmark, Cyprus and the US forfeited. Controversially pardoned by President Goodluck Jonathan, 12 March 2013.

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Diepreye Solomon Peter Alamieyeseigha (DSP) was elected the first civilian Governor of Bayelsa State in 1999. On 15 September 2005 the London Metropolitan Police arrested him at Heathrow on suspicion of money laundering; £1m in cash was recovered from his Maida Vale residence, and properties valued at over £10m in London were restrained. On 20 November 2005 he disappeared from London and reappeared in Yenagoa — an escape widely (though never judicially established) reported as effected disguised as a woman. The Bayelsa House of Assembly impeached him on 9 December 2005. He was arraigned by the EFCC at the Federal High Court Lagos and on 26 July 2007 pleaded guilty before Mohammed Shuaibu J. (FHC/L/328c/05) to 6 counts of making false declarations of assets. He was sentenced to time served (about two years on remand) and forfeited assets in the UK, South Africa, Cyprus, Denmark and the United States with a combined declared value above $17.7m. On 12 March 2013, President Goodluck Jonathan — who had served as Alamieyeseigha's deputy and succeeded him as Governor — granted him a presidential pardon, a decision condemned by the US State Department, the UK Foreign Office and Transparency International. He died on 10 October 2015.

What it cost — political & economic reality

The political and economic reality

Nigeria in 2005: who was in charge, the cabinet of the day, the GDP, and the crises that defined the period.

President · Fourth Republic

Chief Olusegun Obasanjo

1999–2007· PDP

National reality

Return to civilian rule, 29 May 1999. Telecoms deregulation (2001) — GSM revolution. Paris Club exit, October 2005 ($30 bn debt relief, Okonjo-Iweala). Pension Reform 2004. EFCC established 2003.

Crises of the period

  • Third Term agenda defeated 2006
  • Niger Delta militancy intensifies
  • ASUU strikes; Sharia introduction in 12 northern states

GDP (World Bank)

$59 bn (1999) → $166 bn (2007)

Cabinet (selected portfolios)

  • Finance

    Adamu Ciroma (1999–2003); Ngozi Okonjo-Iweala (2003–06)

  • Education

    Tunde Adeniran; Babalola Borishade; Fabian Osuji; Chinwe Obaji; Oby Ezekwesili

  • Health

    Prof. ABC Nwosu

Sources · Federal Gazette 1999–2007 · CBN · World Bank WDI

Methodology

Tier 1 · primary

Courts. Gazettes. National archives.

Tier 2 · corroborating

OCCRP. HRW. BudgIT. TheCable.

Tier 4 · tertiary, flagged

Wikipedia only where primary is pending. Always labelled.