Close Menu
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
What's Hot

Wike is a disaster, I won’t attend PDP meetings until he is expelled – Sule Lamido

FCTA yet to reopen PDP secretariat 24 hours after President Tinubu’s directive

Niger State workers lament 10% deductions in May salary, third-party charges

Facebook X (Twitter) Instagram
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
Facebook X (Twitter) Instagram Pinterest
DAILY BLAST
Contact
HOT TOPICS
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
DAILY BLAST
You are at:Home»Breaking News»Seyi Tinubu paid $11 million for a London property Buhari seized from Diezani ally Kola Aluko
Breaking News

Seyi Tinubu paid $11 million for a London property Buhari seized from Diezani ally Kola Aluko

DailyblastBy DailyblastMay 2, 2023003 Mins Read
Share WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp Copy Link

President-elect Bola Tinubu’s son has been linked to a London firm that paid $11 million for a property in London that was previously confiscated from a notorious oil crook.

Seyi Tinubu, Mr Tinubu’s 37-year-old son who has long cornered the outdoor advertising market in Lagos, was said to have bought the property in 2017, according to a report by business outlet Bloomberg.

Related posts:

  1. Diezani Alison-Madueke moves to recover seized assets
  2. Court orders final forfeiture of Diezani’s N325m Lekki property
  3. Former Lagos governor Ambode’s cook remanded in prison for stealing multi-million naira property
  4. Money laundering: I am dying of cancer, allow me to come back home – Diezani begs Tinubu
Mr. Seyi Tinubu

The medium in a story out Tuesday morning said Seyi used an offshore shell company Aranda Overseas Corporation to close the purchase, which was facilitated through Deutsche Bank. The property is reportedly tucked in an elite neighbourhood in North London. 

The report further described the property as a private three-floor residence in St. John’s Wood, equipped with an eight-car driveway, two gardens, electric gates and a gym.

The property had been previously confiscated around 2016 from Kola Aluko, a notorious oil dealer who reportedly connived with former oil minister Diezani Alison-Madueke to fleece Nigeria for nearly half a decade. Shortly after assuming office in May 2015, President Muhammadu Buhari started going after people suspected to have illegally enriched themselves under President Good Jonathan (2010-2015).

Mr Aluko bought the property for about $15 million in 2013, indicating that it was sold four years later for a lower price, an uncommon scenario for such an upmarket neighbourhood. 

Bloomberg said it could not immediately find indications that Mr Tinubu, 71, was involved in the purchase, but the affair could nonetheless strengthen critics’ arguments that Mr Buhari was transferring stolen assets he seized from conies of his predecessor to his own cronies. Mr Tinubu has publicly claimed credit for making Mr Buhari president in 2015, although the Nigerian leader, in a rare pushback last year, said his victory was a collective effort. 

Several assets seized in Abuja and Lagos, for one, had been linked to Mr Buhari’s allies, including ministers in his cabinet. The outgoing Nigerian leader assumed office in 2015 claiming to despise corruption. But his wife, children and close aides have since been linked to numerous multibillion-dollar corruption scandals since 2015.The London property now linked to Seyi Tinubu was reportedly previously purchased as part of about $2 billion Mr Aluko stole in Nigerian funds, largely through shady oil deals. Mr Aluko, 53, and Mrs Alison-Madueke, 62, have severally been on the run since 2015. Some of their ill-gotten loot had been previously located by authorities in the United States and Europe. 

Seyi Tinubu did not immediately return a request seeking comments about the London property from Peoples Gazette. Aides to the president-elect also declined comments on Tuesday morning. Mr Buhari’s spokespersons also declined comments.

Long before he was declared winner of Nigeria’s presidential election in February, Mr Tinubu was dogged by evidence of public corruption, drug dealing and money laundering. The drug charges were first brought against him by the FBI in the 1990s, and he was made to forfeit at least $460,000 to the United States in September 1993.

Mr Tinubu has continued to maintain his innocence, ascribing all reports of wrongdoing to his political detractors. Still, his main opponents in the last elections have compiled the charges as part of their petitions seeking to invalidate his victory, although a final ruling is not expected to come in until months after he had already been sworn in on May 29.

Peoples Gazette

Post Views: 200
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram WhatsApp Copy Link
Previous ArticleIgbos in war-torn Sudan ordered out of evacuation buses by Nigerian govt officials (video)
Next Article Suspended INEC REC in police custody, says he has no regret announcing Binani as Adamawa Governor elect
Dailyblast

Related Posts

Wike is a disaster, I won’t attend PDP meetings until he is expelled – Sule Lamido

May 28, 2025

FCTA yet to reopen PDP secretariat 24 hours after President Tinubu’s directive

May 28, 2025

Niger State workers lament 10% deductions in May salary, third-party charges

May 28, 2025
Add A Comment

Comments are closed.

Recent Posts
  • Wike is a disaster, I won’t attend PDP meetings until he is expelled – Sule Lamido May 28, 2025
  • FCTA yet to reopen PDP secretariat 24 hours after President Tinubu’s directive May 28, 2025
  • Niger State workers lament 10% deductions in May salary, third-party charges May 28, 2025
  • Governor Nwifuru unveils EBOCAB: A bold step towards transforming Ebonyi’s transport sector May 28, 2025
  • Multiple children dead as Diphtheria outbreak forces school closure in Imo community May 28, 2025
Top Posts

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,204 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,076 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025598 Views
Latest Reviews
Most Popular

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,204 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,076 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025598 Views
Our Picks

Wike is a disaster, I won’t attend PDP meetings until he is expelled – Sule Lamido

FCTA yet to reopen PDP secretariat 24 hours after President Tinubu’s directive

Niger State workers lament 10% deductions in May salary, third-party charges

© 2025
  • Privacy Policy
  • Contact

Type above and press Enter to search. Press Esc to cancel.