Reactions trail as Seyi Tinubu aquired N8.1Billion ($10.8m) mansion in London for a whopping

The property had been previously confiscated around 2016 from Kola Aluko, a notorious oil vendor who reportedly connived with former oil minister Diezani Alison-Madueke to fleece Nigeria for almost half a decade. Continue Reading…

Shortly after assuming office in May 2015, President Buhari started going after individuals suspected to have illegally enriched themselves under President Goodluck Jonathan (2010-2015).

Mr Aluko bought the property for about $15 million in 2013, indicating that it was sold 4 years later for a lower price, an uncommon scenario for such an upmarket neighbourhood

Bloomberg couldn’t confirm if 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 cronies of his predecessor to his own cronies. Mr Tinubu has publicly claimed credit for making Mr Buhari president in 2015

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 & Alison have been on the run since 2015. Continue Reading…