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How Seyi Tinubu allegedly bought $10.8n London Mansion – Report

Seyi Tinubu and Bola Tinubo

Seyi Tinubu and The President-elect Bola Tinubu

Seyi Tinubu, son of the president-elect, Bola Tinubu, has been alleged to be the owner of a fraud-linked mansion in London.

According to Daily Trust, reports revealed that the corporate documents, which were discovered by Bloomberg had shown that the son of the former Lagos governor is a major shareholder of the offshore company, Aranda Overseas Corp, that paid a sum of £9m ($10.8m) to Deutsche Bank, to acquire the property, located in north London, in 2017.

Reports show that the private three-floor residence in St. John’s wood, equipped with an eight-car driveway, two gardens, an electric gate, and a gym, was part of the part of properties, the Nigeria government was seeking to confiscate, the probe of one of the biggest corruption scandals, in the history of the West African nations.

Meanwhile, the documents linked to the purchase of the property do not reflect the name of Tinubu, as a beneficiary of the property but, President Buhari paid him a visit in that same building, during his courtesy visit to him London, while he was on medical visitation, in 2021.

Tinubu, who won the last presidential election in Nigeria, has been tackled with so many corruption allegations, and he had also defended himself on many occasions.

During his interview with BBC before the presidential election, he clarified that the source of his wealth was his proceeds from working with international companies such as; Deloitte and Mobil, noting that he took business sense from the likes of Warren Buffet, by investing his money in real estate.

However, neither Tinubu’s side nor Seyi responded to emails, phone calls and text messages, to clarify the allegation




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