Terry Waya Arrested in London

The Metropolitan Police of London arrested flamboyant businessman of Nigerian origin, Terry Waya. The businessman was arrested from his North London home this morning. He was arrested on charges of money laundering. You may recall that the London-based businessman played a big role in the bail process of fugitive Governor of Bayelsa State, DSP Alamieyeseigha. Terry Waya was reported to have deposited about five hundred thousand pounds (£500,000.00) to secure bail for the Bayelsa Governor who later escaped to Nigeria early this week

Terry Waya was granted bail and asked to report to the London Police sometime in June 2006. The Scotland Yard press department confirmed Waya├óÔéČÔäós arrest to Elendureports.com. We were also informed that they are still investigating these allegations.

Some controversy still surrounds the source of wealth of this flamboyant businessman. However, it is generally believed that he acted as a front for various military officers in the Abacha regime. He is described by people very close to him as a ├óÔéČ╦ťchronic crony├óÔéČÔäó of the military.

Terry caused another controversy after posting bail for the Bayelsa Governor as he took full-page adverts in some Nigerian newspapers to denounce those he described as ├óÔéČ┼ôenemies of light.├óÔéČ┬Ł His excoriating adverts were seen as a direct attack on Pres. Olusegun Obasanjo and his Government. He is a known enemy of the Obasanjo Administration. The embattled Bayelsa Governor, through surrogates, disassociated himself from Terry├óÔéČÔäós attacks on the President and denied that the businessman helped secure his release.

In 2001, Terry Waya celebrated his 40th birthday in a posh London hotel. State Governors and some members of the Obasanjo Cabinet attended his birthday bash.

Several calls to the offices of the Economic and Financial Crimes Commission did not yield any results as Chairman Nuhu Ribadu and their spokesman, Osita Nwajah, were said to be unavailable. However, we were told by a source that EFCC was aware of the Terry Waya situation and may come out with a statement later.