Abubakar Atiku Bagudu
Encyclopedia
Abubakar Atiku Bagudu is a Nigerian politician who was elected Senator for the Kebbi Central constituency of Kebbi State
, Nigeria
in a by-election after Senator Adamu Aliero
was appointed Minister of the Federal Capital Territory in December 2008. He ran successfully for reelection in the April 2011 national elections in the People's Democratic Party
(PDP) platform.
Although Bagudu claimed to come from a wealthy family owning millions, in fact his father was formerly the director of Primary Education in Kebbi.
He obtained a BSc (Economics), Msc (Economics) and M.A. (International Affairs).
Bagudu became a close friend of Ibrahim and Mohammed
Abacha, sons of military ruler Sani Abacha
.
He and Ibrahim Abacha were involved in a scheme to buy vaccines and resell them to the government at a steep mark-up, earning $66.6 million profit. Later, he helped divert much larger sums of money that had been earmarked for security spending into foreign accounts.
After Abacha died in 1998, the interim military government that followed started an investigation into misuse of state funds. Mohammed Abacha and Abubakar Atiku Bagudu, his business manager, returned $750m. At that time, there were no criminal prosecution.
Bagudu moved to the USA in 2000, and in 2003 was detained there for six months on charges of financial misdeeds during the Abacha era. He was released in November 2003 on condition that he repaid about US$300 million to the Federal Government of Nigeria.
The administration of President Olusegun Obasanjo apparently made a deal to recover part of the money in return for dropping prosecution and leaving the remainder with the family.
Bagudu was Chairman of Phil Nugent Nigeria Ltd. from 2004 until December 2005.
In the 6 April 2011 elections, Bagudu won for the PDP with 173,595 votes. His predecessor Adamu Aliero, who had moved to the Congress for Progressive Change
(CPC), came second with 137,299 votes and Aliyu Bello Mohammed of the Action Congress of Nigeria (ACN) trailed with 11,953 votes.
Kebbi State
Kebbi State is a state in north-western Nigeria with its capital at Birnin Kebbi. The state was formed from part of Sokoto State in 1991. Kebbi State is bordered by Sokoto State, Niger State, Dosso Region in the Republic of Niger and the nation of Benin. It has a total area of...
, Nigeria
Nigeria
Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...
in a by-election after Senator Adamu Aliero
Adamu Aliero
Muhammad Adamu Aliero was governor of Kebbi State in Nigeria from 29 May 1999 to 29 May 2007. He is a member of the People's Democratic Party .He became Senator for Kebbi Central from June 5, 2007 till December 18, 2008....
was appointed Minister of the Federal Capital Territory in December 2008. He ran successfully for reelection in the April 2011 national elections in the People's Democratic Party
People's Democratic Party (Nigeria)
The People's Democratic Party is a political party in Nigeria. Its policies generally lie towards the right wing of the political spectrum. It has won every single Presidential elections since 1999, namely: 1999, 2003, 2007, and 2011, and is the dominant party in the Fourth Republic.-History:In...
(PDP) platform.
Early career
Abubakar Atiku Bagudu was born on 26 December 1961.Although Bagudu claimed to come from a wealthy family owning millions, in fact his father was formerly the director of Primary Education in Kebbi.
He obtained a BSc (Economics), Msc (Economics) and M.A. (International Affairs).
Bagudu became a close friend of Ibrahim and Mohammed
Mohammed Abacha
Mohammed Abacha is the eldest surviving son of Nigeria's former military dictator, the late General Sani Abacha, and Maryam Abacha.-Money laundering:During his father's military rule, Mohammed Abacha was involved in looting the government....
Abacha, sons of military ruler Sani Abacha
Sani Abacha
General Sani Abacha was a Nigerian military leader and politician. A Kanuri from Borno by tribe, he was born and brought up in Kano, Nigeria. He was the de facto President of Nigeria from 1993 to 1998....
.
He and Ibrahim Abacha were involved in a scheme to buy vaccines and resell them to the government at a steep mark-up, earning $66.6 million profit. Later, he helped divert much larger sums of money that had been earmarked for security spending into foreign accounts.
After Abacha died in 1998, the interim military government that followed started an investigation into misuse of state funds. Mohammed Abacha and Abubakar Atiku Bagudu, his business manager, returned $750m. At that time, there were no criminal prosecution.
Bagudu moved to the USA in 2000, and in 2003 was detained there for six months on charges of financial misdeeds during the Abacha era. He was released in November 2003 on condition that he repaid about US$300 million to the Federal Government of Nigeria.
The administration of President Olusegun Obasanjo apparently made a deal to recover part of the money in return for dropping prosecution and leaving the remainder with the family.
Bagudu was Chairman of Phil Nugent Nigeria Ltd. from 2004 until December 2005.
Senator
Bagudu succeeded Adamu Aliero when he won the by-election for the Kebbi Central Senatorial seat after Aliero was appointed minister for FCT.In the 6 April 2011 elections, Bagudu won for the PDP with 173,595 votes. His predecessor Adamu Aliero, who had moved to the Congress for Progressive Change
Congress for Progressive Change
The Congress for Progressive Change is a political party founded in Nigeria in 2009 in preparation for the April 2011 elections.It is the 63rd political party to be founded in the country and also the last political party to be registered in Nigeria....
(CPC), came second with 137,299 votes and Aliyu Bello Mohammed of the Action Congress of Nigeria (ACN) trailed with 11,953 votes.