I have been reading posts on I Village this evening by Meridian and assorted posts on Raging Bull on how E. Offor is starting to be named in reports on Nigerian corruption.
It appears that since Emeka has been backing Obasanjo, Atiku may have turned on Emeka.
Meridian claims he sang to the US gov't about all sorts of corruption in Nigeria and now this article reports that Atiku is not being investigated by the US.
However, the only charge about Emeka thus far is that he helped to funnel money from Nigerian gov't revenues through one of his companies (definitely not ERHC) to the ruling PDP party for Obasnajo's reelection campaigns.
It does not read as relevant to the FCPA U.S. laws.
though the more corruption Obasanjo and Offor are invloved in Nigeria, the US could say that it could have affected Obasanjos spirited defense of ERHC rights in the JDZ.
But to say any clear cut violations of FCPA exist at this point appears to be an unrealistic stretch.
Some people on RB are advising selling off ERHC positions, but for RB what else is new.
Meridian claims Atiku's canary songs to the US have ben used in the investigatgions of ERHC, but Meridian has been known to exaggerate on other "charges" against ERHC and their accounting. taxes, etc.
So long as a PDP candidate, probably will not be Atiku, wins the Presidential election, I don't see Offor, one of the major backers of the party , being put on the hot seat. Unless it is proven Nigerian government funds were diverted to Offor and then to the PDP, but even here ERHC would not be directly affected though the Houston group could get their hopes for Offor to be replaced as Chairman.
This would not be a reason for me to sell.
I would appreciate news from the JDA soon and the long awaited report on Chevron's block 1 data and plans.
Good evening,
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