FROM THE OFFICE OF MR CHARLES IBRU    
NIGERIAN NATIONAL PETROLEUM CORPORATION
FALOMO OFFICE COMPLEX, IKOYI, LAGOS.
FROM THE OFFICE OF MR CHARLES IBRU
DIRECT TEL/FAX: +234 90 504665

Dear Sir,

BUSSINESS PROPOSAL: TRANSFER OF US$21.5 (TWENTY ONE MILLION, FIVE
HUNDRED THOUSAND UNITED STATES DOLLARS) & BUSINESS INVESTMENT
PARTNERSHIP.

First I must solicit your strictest confidence in this transaction;
this is by virtue of its nature as being utterly confidential and top
secret as you were introduced to us in confidence through the Nigerian
Chamber of Commerce, Foreign Trade Division.

We are top officials from the Nigerian National Petroleum Corporation
(NNPC), Federal Ministry of Finance and the Presidency, making up the
contract Review Panel (CRP) set up by the Federal Government of
Nigeria to review contracts awarded by the military administration.

In the course of our work on the CRP, we discovered this fund which
resulted from grossly over-invoiced contracts which were executed for
the NNPC during the last administration. The companies that executed
the contracts have been duely paid and the contracts commissioned
leaving the sum of US$21.5 million floating in the escrow account of
the Central Bank of Nigeria ready for payment.

I have therefore been mandated as a matter of trust by my colleagues
in the panel to look for an overseas partner to whom we could transfer
the sum of US$21.5 million legally subcontracting the entitlement to
your company. This is bearing in mind that our civil service code of
conduct forbids us from owning foreign company or running foreign
account while in government service, hence the need for an oversea
partner.

We have agreed that the funds will be shared after it has been paid
   into your account:
  * 1. 30% of the money will go to you for acting as the beneficiary
    of the fund.
  * 2. 10% has been set aside as an abstract projection for
    reimbursement to both parties for incidental expenses that may be
    incurred in the course of the transaction.
  * 3. 60% to us the government officials (with which we wish to
    commence an importation business in conjunction with you)
  * 4. All logistics are in place and all modalities worked out for
    the smooth conclusion of the transaction within ten to fourteen
    days of commencement after receipt of the following information:
    Your company name, address, companys details and activities,
    telephone and fax numbers.

These information will enable us make applications and lodge claims to
the concerned ministries and agencies in favour of your company and it
is pertinent to state here that this transaction in entirely based on
trust as the solar bank draft or certified cheque drawable in any of
the Central Bank of Nigeria correspondent bankers around the world is
going to be made in your name.

Please acknowledge the receipt of this letter using my private
Tel/Fax: 234 90 504665 or my e-mail address centtral@yahoo.com
Yours faithfully, MR CHARLES IBRU NB: Bank Account details not
necessary as preferred mode of payment is by draft or cheque.