MAGNUS

[Dr. magnus olabode]

FROM: DR. MAGNUS OLABODE
FAX: 234-1-2721548
LAGOS - NIGERIA.
CONFIDENTIAL EMAIL: address@hidden


ATTN: President/Ceo.

STRICTLY CONFIDENTIAL FINANCIAL PROPOSAL
RE: TRANSFER OF US$21.5 MILLION (TWENTY ONE MILLION, FIVE HUNDRED THOUSAND
US DOLLARS ONLY).

I am contacting you based on information and esteem recommendation I
received of you from a high ranking official in the commercial section of
the Nigerian Chambers of Commerce and Industry who guaranteed your
reliability and trustworthyness in business dealings. This business
proposal I wish to intimate you with is of mutual benefit and it's success
is entirely based on mutual trust, cooperation and a high level of
confidentiality as regard this transaction.

I am the Chairman of the contract Award/Advisory Committee (CAAC) of the
Nigerian National Petroleum Corporation (NNPC). I am seeking your
assistance to enable me transfer the sum of US$21,500,000.00 (Twenty
Million,Five Hundred Thousand United States Dollars)into your
private/company account.

The fund came about as a result of a contract awarded and executed on
behalf of my Ministry the Nigeria National Petroleum Corporation. The
contract was supposed to be awarded to two foreign contractors to the tune
of US$65,000,000.00 (Sixty Four Million United States Dollars). But in the
course of negotiation, the contract was awarded to a Bulgarian contractor
at the cost of US$43,500,000.00 (Forty-Three Million, Five Hundred
Thousand United States Dollars) to my benefit unknown to the contractor.

This contract has been satisfactorily executed and inspected as the
Bulgarian firm is presently securing payment from my Ministry, where I am
the Executive Director in-charge of all foreign contract payment approval.

As a civil servant still in active government service, I am forbidden by
law to operate an account outside the shores of Nigeria. Hence this
message to you seeking your assistance so as to enable me present your
private/company account details as a beneficiary of contractual claims
alongside that of the Bulgarian contractor, to enable me transfer the
difference of
US$21,500,000.00 (Twenty One Million, Five Hundred Thousand United States
Dollars) into your provided account.

On actualisation, the fund will be disbursed as stated below.

1. 30% of the fund will be for you as beneficiary

2. 5% for reimbursement to both parties for incidental expenses that may
be incurred during the course of the transaction.

3. 65% of the fund will be for me and my colleagues which we intend to
invest in your country with you as my partner.

We have strong reliable connections and contacts at the Central Bank of
Nigeria, as well as the Federal Ministry of Finance and we have no doubt
that all the money will be released and transferred if we get the
necessary foreign partner to assist us in this deal. Therefore, when the
business is successfully concluded we shall through our same connections
withdraw all documents used from all the concerned Government Ministries
for 100% security. I would require the following: -

1. Your company's name,address,telephone and fax numbers.
2. Your bank account and address where the money will be remitted.

The above information would be used to make formal applications as a
matter of procedure for the release of the money and onward transfer to
your account.

It does not matter whether or not your company does contract projects of
this nature described here. The assumption is that your company won the
major contract and subcontracted it out to other companies. More Often
than not, big trading companies or firms of unrelated fields win major
contracts and subcontracts to more specialized firms for execution of such
contracts.

All logistics are in place and all modalities worked out for a smooth
actualisation of the transaction within the next few working days of
commencement. For further details as to the workability of this
transaction, Please contact me immediately whether or not you are
interested in this deal. If you are not,it will enable me scout for
another foreign partner to carry out this deal.

But where you are interested, send the required documents aforementioned
herein through my above fax line or my confidential E-mail address:
address@hidden, as time is of the essence in this business.

I wait in anticipation of your fullest co-operation.
Yours faithfully,
DR. MAGNUS OLABODE.