20 properties in the United Kingdom has alledgedly been linked to Nigerian’s President-elect Asiwaju Bola Ahmed Tinubu former Osun State governor Adegboyega Oyetola, governor of Lagos State Babajide Sanwo-Olu by Organized Crime and Corruption Reporting Project (OCCRP) most of which were acquired during Tinubu’s tenure as Governor of Lagos State.
According to the OCCRP report, the governors Tinubu picked tended to be former directors of companies owned by Tinubu or his son. The former and serving governors mentioned in the report are Babatunde Fashola, Babajide Sanwo-Olu, and Adegboyega Oyetola.
Recently, Bloomberg reported that Tinubu’s son, Oluwaseyi, is the main shareholder of Aranda Overseas Corporation, an offshore company that purchased a controversial UK property worth US$10.8 million in 2017. At the time, Nigeria was attempting to seize the London home of a Nigerian oil dealer who was facing corruption charges at home and in the United States.
However, according to an investigation by the OCCRP, there are more than a dozen other properties with links to Tinubu, which were mostly acquired while he was serving as Governor of Lagos State from May 1999 to May 2007. Tinubu’s spokesman did not respond to requests for comment, according to the report.
“Owning a home via an offshore company has seldom made much sense except for securing secrecy,” said Steve Goodrich, head of research and investigations at Transparency International UK.
Tinubu’s past is not entirely clean, as he was forced to forfeit $460,000 to the US government in 1993 as proceeds of narcotics trafficking, according to a ruling by a US District Court in Illinois.
However, about a year later, Abeeb Holdings Limited, an offshore company registered in Gibraltar with Tinubu as the beneficial owner, purchased Flat 9 at 96-100 New Cavendish Street in London.”