YAR’ADUA ALLOCATES N1.2 BILLION CRUDE OIL TO ANDY UBA

President Umaru Musa Yar’Adua has started confirming book maker’s prediction-The Shagari of our time, a man who is under the control of those who bankrolled his contentious election. His secret romance with Andy Uba, the two weeks Governor of Anambra State is coming to fore with his recent directive for the allocation of more than N1.2 Billion to Uba, President Olusegun Obasanjo’s former aide who is known to be the highest beneficiary of the monumental corruption in that regime.

Uba’s company, Emo oil with Noel Ojei as partner was recently awarded three crude oil allocations. The duo is to benefit more than $4Million from each of the allocation.

Even as President Yar’Adua continue to portray himself as fighting corruption and having nothing to do with those in the past regime under probe, he has dealt with them nocturnally, awarding them contracts and promising “any other assistance.” The three crude oil allocations to Uba, from the Pipeline Product Marketing Company, PPMC, if anything, is a confirmation that Yar’Adua is paying back those who made sure he was rigged into the presidency.

Emo Oil, Uba’s front company used to enjoy at least one cargo of crude oil every month during Obasanjo's regime. Under Yar’adua’s administration, those allocations have been retained with promises of later increase.

In addition, Emo Oil has been allocated 120,000 barrels a day of crude oil of which the “profit” is $1 million every month. Uba, through Ojei, is now trying to consolidate his allocations by using the names of different companies. Noel Ojei is changing to Team Trade International for the allocation of the new crude.

Besides, Uba has been profiting from another front company that recently changed its name to Buckingham Oil and Gas. Buckingham Oil and Gas (www.buckinghamog.com) is a new upstart run by Faith Vedelago, her brother Richard Vedelago, and mother, Charity Vedelago. Faith Vedelago, who is known to be one of Andy Uba’s mistresses, lives in one of his mansions on Minister’s Hill. According to our source, the Vedelagos are also the owners of "Windsor Petroleum" ( www.windsorpetroleum.com) that been short-listed for crude oil lifting as well. Our checks at Corporate Affairs Commission (CAC) could not find the immediate owners of Windsor Petroleum International. Faith Vedelago holds both Nigerian and Italian citizenships and runs a religious firm known as Faith Miracles Ministries ( http://www.faithmiracleministries.org). She is also said to be the owner of Argent Wealth Management www.argentgp.com based in Geneva, Switzerland. Our security source disclosed that she uses one Stefan Moser Andon, a young man who works for Richard Vedelago in Nigeria and has a Swiss citizenship, to front as the owner of the company.

The Vedelagos use the Argent “black” debit card. A “black” debit card is so-called because it is not linked to the owner’s bank account and therefore cannot be traced to the owner. The Vedelagos also hold foreign accounts with Barclays International, Knightsbridge Branch, London, UK under the name of Federica Vedelago. The account numbers 1001902, 1002974 have a balance of millions of pounds/dollars, revealed our source within the State Security Service (SSS) who has kept a tab on Andy Uba’s business deals. The source said the EFCC was fully aware of Uba’s far-reaching illegal business deals but remains unwilling to nab Andy Uba.

See attached documents E. A Ayandele of PPMC (click on the link to view the documents)