Dear Sir,

BUSINESS PROPOSAL.

I am the Treasury Controller, Nigerian National Petroleum Corporation[NNPC] and a close associate of the immediate past Minister of Petroleum Resources.

The Minister has mandated me to transfer the sum of US$88 millions recovered from an over-invoiced contracts involving the Nigerian National Petroleum Corporation[NNPC] into several private account in Europe and United States. A total sum of US$73,700,000.00 has been transferred before the emergence of this present Civilian Administration, leaving the balance of US$14,300,000.00.

I have made proper arrangement/documentation to transfer the balance which is retained in a coded account of the NNPC with the Central Bank of Nigeria. We are soliciting that you help us to receive the fund in trust. We cannot complete this transaction smoothly without the participation of a foreign partner who would provide an account where the funds could be lodged. Since it is a contract payment, the funds must be remitted to a foreign account. The remittance of the funds requires little documentation that would be completed as soon as you provide us with a secured bank account where you may wish to receive the money.

There is no risk involved on your part in this transaction since the former Minister and I have covered this transaction with adequate contract and external credit documents from the beginning.

What we require from you by e-mail or fax are viz:

{i} Acceptance letter of this offer
{ii} Your company name and confidential telephone and fax numbers
{iii} Convincing Honesty, Trustworthiness and Willingness to abide by the requirements of this proposal paramount of which is CONFIDENTIALITY.

We have agreed that you will retain 20% of the entire US$14,300,000.00 for your effort in this transaction, 70% for us partners here in Nigeria and the remaining 10% will be used for defrayal of incidental cost in the course of this transfer.

Please reply urgently by fax or e-mail as we expect that the transaction will not take more than ten working days. And please note that this transaction must be top secret.

Best regard

Dr.Ben Eze
Treasury Controller
NNPC

Thank you for your mail.

For purpose of clarity, I am the chairman of the special committee for contract payment called the Contract Review and Verification Panel, vested with the authority to appraise and approve contacts according to the priority of the Federal Government of Nigeria.

By virtue of our position in the CRP, we have over-time been able to Uncover several over-invoiced/overestimated contracts. And through careful manipulation of these documents, secured for ourselves the sum of US$14.3M(FOURTEEM MILLION, THREE HUNDRED THOUSAND UNITED STATES DOLLARS) only, which I need your assistance to transfer into a safe offshore account. We need your assistance as the funds is secured in an escrow account of the Federal Government specifically set aside for the settlement of outstanding payment to foreign contractors.

We are handicapped in the circumstances, as the Civil service code of Conduct does not allow us to operate offshore accounts hence your importance in the whole transaction. Therefore, we want to utilize this opportunity, as a lot of foreign contractors will be paid in this quarter of the year 2001 to transfer the fund out of the country. Consequently, we want to present You/your Company as the beneficiary of the sum of US$25.5M.

For this purpose, we will incorporate your company and register you as A contractor with the Nigerian National Petroleum Corporation (NNPC). We will also be virtue of our official positions secure for your company the necessary backup documentation that will facilitate the release/transfer of the fund into your account. These documents of course will be destroyed at the successful completion of the transfer. We want to assure you that your help will not in any way bring your company name into disrepute. In this regard we request you to fax to us, details of your nominated account.

The information will enable us initial preliminary application and Payment process at the NNPC, Debt Reconciliation Committee, Federal Ministry of Finance and the Central Bank of Nigeria for immediate Release/transfer of the funds. We have agreed that you will retain 20% of the entire US$14.3M for your effort in this transaction, 70% for us partners here in Nigeria and the remaining 10% will be used for defrayal of incidental cost in the course of the transfer.

My colleagues and I would require your personal guarantee concerning The safety availability of our share on demand when the funds are credited to your account via telegraphic wire Remittance. Note that if you follow our instructions regularly, we can conclude this transaction within the next 10-14 working days. Please endeavor to observe the require level of confidentiality as we are still in active service will appreciate you always call me for more elaborate discussion and for further instruction.

I will always expect your prompt response on my very confidential Mobile telephone number 2348033046770, where you can reach me, 24hrs, fax number 234-9-2721197, it may be difficult to get through but I am sure you will be persistent enough to get through it is advisable that you endeavor to call me so that we can get intimated. Please treat as urgent.

Best regards.

Dr. Ben Eze.