Fraud: How Seyi Tinubu, President -Elect’s Son, Bought London Mansion for $10.8 Million — Report
Seyi, son of President-elect Bola Ahmed Tinubu, has been linked to the purchase of a London mansion under fraud investigation by the federal government.
Seyi reportedly bought the house in 2017 for $10.8m through his firm, Bloomberg reported.
Citing previously unreported UK company documents, the report said the property, acquired by Seyi’s firm was part of the biggest corruption scandals the administration of President Muhammadu Buhari was seeking to probe.
The documents seen by Bloomberg show the President-elect’s 37-year-old son is “the main shareholder of Aranda Overseas Corp., an offshore company that paid £9million ($10.8 million) to Deutsche Bank for the property in north London in late 2017.”
“The private three-floor residence in St. John’s Wood — a district favored by American bankers — is equipped with an eight-car driveway, two gardens, electric gates and a gym,” the report said.
It said at the time of the purchase, Nigerian government was seeking to arrest the house’s former owner, accusing him of going on the run while owing the country an oil-trading debt worth more than $1.5 billion.
