Sunday, 10 May 2015

Ex-President sacks CEO over $4.9m money-laundering scandal

Anne Welsh and Olusegun Obasanjo.
The Olusegun Obasanjo Foundation has sacked its CEO and Board of Trustees member, Anne Welsh, following a video published online by SaharaReporters on Thursday, May 7, which showed Welsh scheming with a group of  ‘Lebanese businessmen’ to launder $4.9 million through the Foundation.

Welsh stated at the meeting, held in London, that it was not the first time she would be involved in such deals. In the deal, it was agreed that she would pocket over one million dollars.
In reaction to the development, Chairman of the foundation, ChiefOlusegun Obasanjo said that he, and other trustees of the foundation were sad after learning about the allegation against Welsh.
“Accordingly, the Board of Trustees has asked her to immediately resign, and she has done so,” Obasanjo toldPremium Times.
The former president also said that the matter has been reported to the London Metropolitan Polce and the UK Charity Commission for a full-scale investigation.
He added, “I can never associate myself with anything that has to do with money laundering and corruption, and this is a very disturbing development for us all.”
However, in what seems to be an attempt to escape public scrutiny, Welsh has taken down her Facebook page and Website.

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