FROM THE DESK OF Dr Jim F.kananga NNPC

ATTN:CEO

CONFIDENTIAL AND URGENT BUSINESS PROPOSAL

Dear Sir,

I am Dr Jim kananga Chairman of Contract Award and Verification Panel setup by the Nigerian National Petroleum Corporation (NNPC). I got your contact from the Nigeria Chember of Commerce And Industries,and after thorough enquiries and deliberations,I and my colleagues decided to contact you for a very confidential business transaction of mutual benefit.

During our verification exercise, we came across an over-invoiced contract(Contract No: NNPC/PED/1473/96). This contract was awarded in July,1996 and completed in August, 1998, and the original contractor has since been paid his contract sum leaving the over-invoiced sum of US$25.5m(Twenty Five Million,Five Hundred Thousand United States Dollars) This amount have been left floating in our account with the Central Bank of Nigeria, until our recent discovery. My colleagues and I have decided to seek for the assistance of a reliable foreign partner into whose account the fund will be transferred into for our own use. If this proposal is acceptable to you, a Deed of Transfer of the above contract will be obtained on your behalf, to empower you as the legal beneficiary of the contract and the sum to be transferred.

All necessary and relevant documents will be procured for the release and transfer of the fund into your nominated account. An application for foreign exchange allocation will be made on your behalf

from my office to the federal ministry of finance (FMF) and the Central Bank of Nigeria(CBN) for the subsequent release and transfer of the fund into your nominated account. Be informed that we are working in collaboration with top officials of the federal ministry of finance and the Central Bank of Nigeria (CBN)who will assist us in the transfer of the fund. With your cooperation the success of this transaction is guaranteed.

We have agreed to compensate you with 25% of the total sum and , 70% will befor me and my colleagues here ,while the remaining 5% have been mapped-out for miscellaneous expensesthat might be incurred by both parties during the course of this transaction.Allthings being equal, this transaction will be concluded within 14working days upon the day of receipt of your response.You are required to fax us your nominated bank account details and your direct telephone and fax numbers. Please treat this transaction with top priority and remember to keep it as confidential as possible.

As soon as we receive your response, more details about how to proceed will be given to you.

We await your prompt response.

Best Regards,

DR. Jim F.kananga Chairman,Contract Award & Verification Panel.