EXPOSED: How Ibe Kachikwu As Nigerian Petroleum Minister Received Multi-billion Naira Deposits, Spent N7million On Hotel, Designer Shoes, Clothes In 2 Days

A former Minister of State for Petroleum Resources, Ibe Kachikwu spent over N7 million on resort lodging and designer garments and sneakers between August 3 and 4, 2017 in Paris, France, an announcement of his checking account for the interval reveals.

According to the financial institution assertion seen by SaharaReporters, Kachikwu, a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), spent N1,725,518.38 to pay for his lodging at MCE (Marriott Champs Elysees) Hotel, Paris, France on August 4, 2017.

EXPOSED: How Ibe Kachikwu As Nigerian Petroleum Minister Received Multi-billion Naira Deposits, Spent N7million On Hotel, Designer Shoes, Clothes In 2 Days 2

Kachikwu was changed by Timipre Sylva as minister in August 2019.

The assertion exhibits Kachikwu additionally spent N1,130,252.96 on Louis Vuitton merchandise on the identical day.

Hours earlier than, on August 3, N2,061,505. 78 was deducted twice –amounting to N4,123,011.56– and credited to Christian Dior. C, a trend, perfume and equipment store in Paris.

The deductions of N2,061,50.78 twice for Christian Dior. C had been made on the identical day.

On July 18, 2017, N345,313.84 was deducted from Kachikwu’s account and despatched to Harbour Hotel, Dubai, suggesting he had hung out there.

Less than two weeks later, on July 28, N345,292.48 was deducted from his account, once more for Harbour Hotel, Dubai.

On July 27, 2017, N2, 671,479.69 was deducted from Kachikwu’s account and credited to CDC Abu Dhabi Couture, Dubai, suggesting one other lavish spending on garments.

His 2016 assertion of account exhibits Kachikwu additionally patronised Hermes, French luxurious items producer that specialises in leather-based items, life-style equipment, dwelling furnishings, perfumery, jewelry, watches and ready-to-wear. He spent N672,008.35 on December 7, 2016 to pay for one thing he had purchased from Hermes together with his debit card.

On November 30, 2016, there was a debit of about N3.5 million from his account which was credited to Tom Ford, Dubai. This additionally seems twice for a similar day.

On December 19, 2016, he purchased jewelry price N632,606.21 from Marhaba in Dubai and the next day he paid N633, 897.41 to The Harbour Hotel, additionally in Dubai.

Aside from the numerous debits exposing Kachikwu’s flamboyant life-style, some transactions additionally counsel his account could have been used to launder cash. On February 15, 2016, Kachikwu’s account was credit score with N9,777,176,145.000 (about N10 billion), with the description- 8904150000073: Closure Pro. There was a debit of N9,785,865,665.27 from the account, with the outline Dr Tran for funding A/c 89041500.

On March 24, 2016, his account was credited with over N103 million with the outline Private BA.

On 14 of January, 2016, N50,000,000.00 was transferred to Kachikwu with “8904010006095 : Closure”. Also on February 18, 2016 about N394,614,000.00 (about N400 million) entered his account with “VC REPAYMENT AS” as description.

IBE KACHIKWU 2016 by Sahara Reporters on Scribd

N10,000,000 in 4 tranches had been additionally transferred to him from AVA & AUDREY LIMITED on April 18, 2017.

Another N10,000,000.00 was additionally transferred to him from one AYODEJI TOLUWALASE on April 18, 2017.

And on April 28, 2017, he acquired N60,000,000 with an outline that claims: 8904010008372 Closure Pro.

Known for his lavish life-style, Kachikwu as Minister allegedly spent over N182 million on a chattered flight to China for a three-day roadshow within the Asian nation to draw investments to Nigeria’s oil and fuel sector.

IBE KACHIKWU 2017 by Sahara Reporters on Scribd

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EXPOSED: How Ibe Kachikwu As Nigerian Petroleum Minister Received Multi-billion Naira Deposits, Spent N7million On Hotel, Designer Shoes, Clothes In 2 Days

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