Wednesday, July 11, 2007
... And party creep Terry too!
Terry Waya, Nigerian Socialite and friend of most former Governors indicted for series of financial scam by the Economic and Financial Crime Commission, EFCC is on his way to jail. A London court has found him guilty of money laundering. Total amount involved: £630,000.
Waya is associated with former Governors in the Obasanjo’s administration many of whom he had helped moved cash through phony means overseas. He is particularly linked with some shady financial deals with former Governors James Ibori of Delta State, Diepreye Alamieyeseigha of Bayelsa State, Joshua Dariye of Plateau State, Lucky Igbinedion of Edo State and many others who code-named themselves “Young Turk.”
Waya had in the heat of the battle for bail for Alamieyeseigha, announced in a paid advertisement that he was the one that coughed out the £500,000 needed as deposit to bail the self-styled Governor-General of Bayelsa State.
Although the amount involved was unknown but a source said it might be part of the £630,000 being investigated by the British Police.
He will be sentenced on August 7. 2007. Apart from the sentence, his assets will be confisticated.
The details of the judgment of the court were still being awaited as at press time on Tuesday.
Waya had in 2005 been arrested by the British Police for alleged money laundering.
About £630,000 was found in his account in 2005 by the Metropolitan Police. He was later released.
A spokesman for the Met Police, Paul Dew, had on November 24, 2005 confirmed the arrest of Waya in a response to an e-mail.
He said he (Waya) had been bailed to return in June 2006.
In the last one year, the Nigerian socialite had been undergoing trial.
Waya had in October 2005 at Bow Street Magistrate’s Court in London offered to be one of the three sureties for a former Governor of Bayelsa State, Chief Diepreye Alamieyeseigha.
Although he made a £500,000 bail bond available, his surety application went awry.
It was learnt that there was a disagreement between Waya and the former governor over the bail process.
Despite the controversy, Waya issued a statement that he could not abandon a friend in need.
It was gathered that the role of the businessman in the bail saga led to a search on his business activities in London.