UncleSam's BLOG news Related Articles
According to a source, the “President-elect” Bola Tinubu’s son’s company purchased a $11 million property in London, United Kingdom in 2017, which President Muhammadu Buhari’s administration attempted to seize as part of an investigation into one of the greatest corruption scandals in Nigerian history.
Although there is no evidence that Tinubu was personally involved in the purchase of the UK property in 2017, President Buhari visited him (Tinubu) at the London mansion in August 2021, almost four years after the purchase, according to the Bloomberg report.
For the first time, corporate records obtained by the media outlet revealed that Oluwaseyi Tinubu, 37, is the primary stakeholder of Aranda Overseas Corp., an offshore company that in late 2017 paid Deutsche Bank £9 million ($10.8 million) for the property in North London.
2023: Peter Obi Wins Tinubu, Atiku In A Fresh Bloomberg Poll Shows
In St. John’s Wood, a neighborhood favored by American bankers, it was made known that a private three-floor home has an eight-car driveway, two gardens, electric gates, and a gym.
According to Bloomberg, requests for comments on the purchase of the property were not answered by Tinubu’s spokesman or his son Oluwaseyi. A British attorney who is identified as Aranda’s representative in the UK also declined to comment, citing restrictions governing confidentiality.
The Nigerian government was attempting to apprehend the home’s previous owner at the time Tinubu’s son purchased the London property, according to the article, and they were accused him of fleeing while owing the nation an oil-trading debt worth more than $1.5 billion.
One of the assets that Buhari’s administration attempted to seize was high-end real estate since it was believed that the properties had been bought by businessman Kolawole Aluko with proceeds from crime.
2023: Yahaya Bello Tells Tinubu’s son, Seyi Why He’s Yet To Join APC Campaign
Aluko, however, refuted all accusations of misconduct and said that a court decision earlier this year clearing a former business partner of all charges had cleared his name. However, the Nigerian anti-graft agency is contesting the decision.
According to Bloomberg, Tinubu hosted Buhari during a visit to the 7,000 square foot London residence in August 2021.
According to the report, Adegboyega Oyetola, a former governor of Osun state, and Elusanmi Eludoyin, the head of a Nigerian property group, were shareholders and directors of Aranda from the company’s formation 24 years ago until at least 2010. This information was obtained by Premium Times using documents from the offshore company data leak known as the “Pandora Papers.”
However, requests for comment from both Eludoyin and Oyetola’s spokesperson went unanswered.
Bode George: Tinubu’s Son, Seyi Controls All The Signage In Lagos State (Video)
However, according to documents submitted this year in response to new anti-money laundering regulations in the UK and obtained by Bloomberg, Tinubu’s son, an advertising entrepreneur who was heavily involved in his father’s presidential campaign, has been in charge of Aranda, a company registered in the British Virgin Islands, since June 2011. On January 20, 2011, the business was authorized in the UK as an international organization.
It was remembered that the Nigerian government filed lawsuits against Diezani Alison-Madueke, the minister of petroleum, and two businessmen, Aluko and Olajide Omokore, who received lucrative contracts while Diezani was in office.
In a 2017 forfeiture action brought in Texas, the US government alleged that Aluko and Omokore had bribed the former minister by supporting her “lavish” lifestyle and neglected to reimburse the state energy corporation for the majority of the crude they had received.
However, Alison-Madueke refuted the accusations, has been fighting numerous forfeiture orders handed down by Nigerian courts, and has accused the anti-corruption organization of obstructing her attempts to defend herself in court.
