Seyi Tinubu, President-elect Bola Tinubu’s son has been related to a London agency that paid $11 million for a property in London that was beforehand confiscated from a infamous oil criminal.

Based on Bloomberg, a enterprise outlet mentioned Seyi Tinubu purchased the property in 2017  situated in North London by Aranda Abroad Company, an offshore shell firm which was facilitated by Deutsche Financial institution

The property was described as a non-public three-floor residence in St. John’s Wooden, geared up with an eight-car driveway, two gardens, electrical gates and a fitness center.

The property had been earlier confiscated from Kola Aluko, a infamous oil supplier round 2016 who connived with former oil minister Diezani Alison-Madueke to fleece Nigeria for almost half a decade.

President Muhammadu Buhari  shortly after assuming workplace in Could 2015,  began going after folks suspected to have illegally enriched themselves below President Goodluck Jonathan regime from 2010 t0 2015.

Mr Aluko purchased the property for about $15 million in 2013, with claims that it was bought 4 years later for a lower cost, which is uncommon for such an upmarket neighbourhood. 

Bloomberg mentioned it couldn’t instantly discover indications that the president-elect, Tinubu, was concerned within the buy, however this might strengthen critics’ arguments that Buhari was transferring stolen belongings he seized from allies of his predecessor to his personal allies.

Mr Tinubu has publicly claimed credit score for making Mr Buhari president in 2015,which Buhari mentioned in a push again that his victory was a collective effort. 

A number of belongings seized in Abuja and Lagos had additionally been linked to Mr Buhari’s allies, together with ministers in his cupboard. 

Buhari, claiming to despise corruption, however his spouse, youngsters and shut aides have since been linked to quite a few multibillion-dollar corruption scandals since he assumed workplace in 2015. 

The London property now linked to Seyi Tinubu was reportedly beforehand bought as a part of about $2 billion Mr Aluko stole in Nigerian funds, largely by shady oil offers. Mr Aluko, and Mrs Alison-Madueke, have severally been on the run since 2015 as a few of their ill-gotten loot had been beforehand situated by authorities in america and Europe. 

Seyi Tinubu didn’t instantly return a request looking for feedback in regards to the London property from Peoples Gazette. Aides to the president-elect additionally declined feedback in addition to Buhari’s spokespersons.

Recall that, Mr Tinubu was dogged by proof of public corruption, drug dealing and cash laundering earlier than he was declared winner of Nigeria’s presidential election in February.

The drug prices had been first introduced towards him by the FBI within the Nineteen Nineties, and he was made to forfeit no less than $460,000 to america in September 1993.

Mr Tinubu has continued to dismiss  the allegations, ascribing  it to works of his opposition events. Nonetheless, his important opponents within the final elections have compiled the costs as a part of their petitions looking for to invalidate his victory, though a ultimate ruling just isn’t anticipated to return in till months after he had already been sworn in on Could 29.