Olusegun Obasanjo Foundation Liquidates

Olusegun Obasanjo

There are indications that the Olusegun Obasanjo Foundation, OOF, a charity belonging to the former President of Nigeria has now been liquidated in the United Kingdom.

The foundation was rocked by a money laundering scandal involving the Chairwoman of the charity, Anne Welsh. An investigative reports by SaharaReporters led to the of a video tape depicting the former Anne Welsh agreeing to launder USD4.9 million.

The foundation has now lost its status as a ‘charity’.  The UK Charity Commission says it now refer to the foundation as “insolvent” and “in liquidation,”

The Olusegun Obasanjo Foundation was UK based charity established with the vision of advancing human security in Africa.

It was officially launched on 8 February 2013. The foundation in its profile said it was eager to continue a lifetime of service, former Nigerian President Olusegun Obasanjo established the charity to safeguard food resources, promote education for girls, improve prospects for young Africans and educate Africans about non-communicable diseases.

It is unclear whether former President Olusegun Obasanjo will be floating another foundation to continue in the course he believes in.

 

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