The family of President-elect Bola Tinubu is revealed to have purchased an $11 million London mansion that the federal government is seeking to seize as part of an investigation into one of the corruption scandals. the biggest corruption in the country, Bloomberg revealed.
According to reports, a company owned by the son of the president-elect of Nigeria bought an $11 million mansion in London from a Nigerian businessman accused of bribery and compromising with a government minister.
According to reports, there is no indication that President-elect Bola Tinubu was personally involved in acquiring British assets in 2017. Incumbent President Muhammadu Buhari visited him in August 2021, almost 4 years after the purchase. Tinubu, who will take office as head of state this month, has long been questioned about the origins of his family fortune, including during the recent election campaign, when he and his representatives were arrested. The local and international media pressed on the issue. He and his campaign say they made their fortunes before entering politics by inheriting real estate, making good investments, and working as an accountant at Deloitte LLP and a managing director at Mobil Oil’s Nigerian subsidiary in January. 1980s and early 1990s. In an interview with the BBC before the election, Tinubu cited Warren Buffett as an example of getting rich.
Corporate documents seen by Bloomberg for the first time show Tinubu’s 37-year-old son, Oluwaseyi, is the largest shareholder of Aranda Overseas Corp., an offshore company that paid £9 million ($10.8 million) USD) to Deutsche Bank to purchase properties in north London in late 2017. A three-story private residence in St. John’s Wood, an area popular among American bankers, is equipped with an eight-car driveway, two gardens, electric gates, and a gym.
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