Obasanjo Foundation Sacks CEO Over Alleged Involvement In Money Laundering

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Anne Welsh, the London-based Chief Executive Officer of the Olusegun Obasanjo Foundation has been fired over her alleged involvement in money laundering activities for many years.

This action was taken following a video evidence obtained by Sahara reporters.

 

The video footage, which was shot at a United Kingdon meeting in December 2014, showed how Welsh allegedly plotted a $4.9m (N980m) scheme to exploit the Ebola Virus Disease tragedy in West Africa through helping a group of ‘Lebanese businessmen’ who wished to donate money to Obasanjo Foundation for some work in Sierra Leone.

The footage further revealed that the group demanded that it would make a donation of $2m (N400m) to the foundation if it helped it launder the balance of $2.9m.

Welsh was seen assuring the potential ‘donors’ that it would not be a problem as she was a master in the art of being discreet.

“I had to go through training, through president Obasanjo, political training for one year to become discreet,” she said in the video.

“Sometimes, we get dollars from people who give money to our foundation and they say they don’t want it to be known that they donated the money, but they want to have a letter on our letterhead paper and a letter from Obasanjo just to say ‘Thank you for your kind donations to the foundation for the work to support Ebola’. That’s it. That is what we normally do.”She added.

The group, however, told her they did not care how the money given to the foundation was spent as long as their interest was protected.

Welsh then demanded from the group an interest of 30 per cent of the $2.9m. “At least 30 per cent; think about the hard work I’m going to put into this, you will be so grateful to me,” she proposed.

The video evidence also showed that the group agreed to give her the 30 per cent, which was $900,000 (N180m), and detailed how the money would be transferred via a Nigerian bank which she uses.

Obasanjo, told SaharaReporters that he and other trustees of the organisation as well as staff members of the foundation were deeply saddened and disturbed by the allegations against Welsh.

He said the foundation had launched a full-scale investigation into the allegations and  the matter had also been reported to the London Metropolitan Police and the UK Charity Commission for a thorough probe.

 

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