Seyi Tinubu, the son of the president elect Senator Bola Tinubu reportedly purchased a house in 2017 for the sum of $10.8m through his firm, said Bloomberg.
Report has it that the son of the president elect purchased a London house which was initially owned by Kolawole Aluko — who’s already being investigated by the Nigerian government for fraud.
Report further revealed that the asset acquired by the son of the president elect was one of the most serious corruption scandals which the government of President Muhammadu Buhari was trying to investigate.
Bloomberg said the documents revealed that the 37 year old Seyi Tinubu 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.
Report further revealed that the documents did not claim that Tinubu was originally involved in the acquisition of the asset in 2007.
It also said the Nigerian President paid a visit to him in the property in August 2021.
The foreign news medium said neither Seyi Tinubu not his spokesperson responded to phone calls, messages and emails seeking comment on the scandals.
The report has generated reactions from social media users.
They cast aspersions on the Nigerian president for selling an asset which was under investigation.
Chief Ikukuoma wrote, “Yoruba Ronu group of company hope Seyi Tinubu included your name in the 11 million dollars property purchase in UK abi you are sticking with Airtel free data and Etisalat 100 naira data subscription.”
@AfamDeluxo wrote, “Seyi Tinubu is busy buying $11m house in London, while the unemployable agbado miscreants are screaming Yoruba ronu on Twitter, begging for giveaways, abusing Obidients for attempting to save them, and crying over an Igbo babe driving train in Lagos. Nah, thunder fire APC.”
Emma ik Umeh (Tcee ) wrote, “We’re im trouble in this country, Seyi Tinubu bought Kola Aluko’s mansion the same mansion Buhari’s Govt wanted to seize. The shocking part is that they paid cash No mortgage. $11m. Buhari then visited Tinubu at the same Mansion in 2021.”
Elon wrote, “If Seyi Tinubu who is just 31 can spend 8.1 Billion Naira to buy a property in the UK, what value system are we promoting as a nation and why shouldn’t other youths be involved in many forms of illicit money-making to match up?”
Ayobami wrote, “Seyi Tinubu bought Kola Aluko’s mansion that Buhari Government wanted to seize despite the fact that bank had foreclosed on it. Straight cash No mortgage. $11m. Source of wealth?. Buhari then visited Tinubu at the same Mansion in 2021.”