[EC] DPR

[MR. KOTANGO WILLIAMS (MON)]

DEPARTMENT OF PETROLEUM RESOURCES 
PLOT 225 KOFO ABAYOMI STREET VICTORIA ISLAND=2CLAGOS=2C NIGERIA=2E
DIRECT FAX=3A 234 1 759 4484=2E TEL=3B 234 1- 775 7708
ATTENTION=3A THE PRESIDENT=2FC=2EE=2EO
RE=3A URGENT & CONFIDENTIAL BUSINESS PROPOSAL
Dear Sir=2C

I am KOTANGO WILLIAMS =28MON=29 member committee of the above department
Terms of Reference
My term of reference involves the award of contracts to multinational companies=2E
My office is saddled with the responsibility of contract award=2C screening=2C categorization and prioritization of projects embarked upon by Department of Petroleum Resources =28DPR=29 as well as feasibility studies for selected projects and supervising the project consultants involved=2E A breakdown of the fiscal expenditure by this office as at the end of last fiscal quarter of 2000 indicates that DPR paid out a whooping sum of US$736M=28Seven Hundred And Thirty Six Million=2C United States Dollars=29 to successful contract beneficiaries=2E The DPR is now compiling beneficiaries to be paid for the third Quarter of 2002=2E
The crux of this letter is that the finance=2Fcontract department of the DPR deliberately over =96invoiced the contract value of the various contracts awarded=2E In the course of disbursements=2C this department has been able to accumulate the sum of US$38=2E2M=28Thirty-eight Million=2C two hundred Thousand U=2ES Dollars=29 as the over-invoiced sum=2E This money is currently in a suspense account of the DPR account with the Debt Reconciliation Committee =28DRC=29=2E We now seek to process the transfer of this fund officially as contract payment to you as a foreign contractor=2C who will be fronting for us as the beneficiary of the fund=2E In this way we can facilitate these funds into your nominated account for possible investment abroad=2E We are not allowed as a matter of government policy to operate any foreign account to transfer this fund into=2E
However=2C for your involvement in assisting us with this transfer into your nominated account we have evolved a sharing formula as follows=3A
=281=29 20% for you as the foreign partner
=282=29 75% for I and my colleagues

=283=29 5% will be set aside to defray all incidental expenses both Locally and Internationally during the course of this transaction=2E
We shall be relying on your advice as regard investment of our share in any business in your country=2E Be informed that this business is genuine and 100% safe considering the high-power government officials involved=2E Send your private fax=2Ftelephone numbers=2E Upon your response we shall provide you with further information on the procedures=2E Feel free to send response by Fax=3A 234-1-7590904 =2F TEL=3A 234-1-7591519 expecting your response urgently=2E All enquiries should be directed to the undersigned by FAX OR PHONE=2E
Looking forward to a good business relationship with you=2E
Sincerely=2C
MR=2E KOTANGO WILLIAMS =28MON=29