The OCCRP reported yesterday: “Tinubu, whose victory in February is being challenged in court, has been keeping part of his wealth in the United Kingdom, where he and his close associates own at least 20 properties that were mostly acquired when Tinubu was the governor of Lagos State.
“OCCRP has uncovered more than a dozen other properties with links to Tinubu. Tinubu’s spokesman did not respond to email and text messages seeking comment,” the investigation reads.
“Tinubu’s history is not entirely clean. He was forced to forfeit $460,000 to the U.S. government in 1993 as proceeds of narcotics trafficking, according to the ruling of a U.S. District Court in Illinois.
“However, about a year later, Abeeb Holdings Limited, an offshore company registered in Gibraltar with Tinubu as the beneficial owner, bought Flat 9 at 96-100 New Cavendish Street in London.
“His connection to Abeeb Holdings Limited has been revealed, thanks to the Register of Overseas Entities, a new measure designed by the UK to reveal the true owners of offshore firms that hold property in the country,” reports OCCRP.
The OCCRP said it later found that Eludoyin is also the beneficial owner of 17 UK properties through three offshore companies registered in the British Virgin Islands.
The organisation added that Babatunde Fashola, Tinubu’s former aide and successor, and Babajide Sanwo-Olu, the incumbent governor of Lagos, also had a hand in controlling Aranda Overseas Corp. internal affairs.
“Fashola also had a hand in Aranda Resources Limited. He signed and presented the allotment of shares of Aranda Resources Limited to Nigeria’s corporate registry in December 2001. Fashola’s spokesperson did not respond to requests for comment.
“Sanwo-Olu was a director in Aranda Resources Limited until 26 days before his first day in office as governor in May 2019. His spokesperson also did not respond to requests for comment,” the report said.
