Seyi Tinubu, the son of Nigeria’s President-elect, Bola Tinubu, has been linked to a London firm that paid $ 11 million for a property in London.
The property was previously confiscated from
a Nigerian businessman, Kola Aluko.
Seyi, 37-year-old, who controls the outdoor
advertising market in Lagos State, was said to have bought the property in
2017, according to a report by business outlet, Bloomberg.
The medium in a story Tuesday morning said
Seyi used an offshore shell company, Aranda Overseas Corporation, to close the
purchase, which was facilitated through Deutsche Bank.
The property is reportedly tucked in an elite
neighbourhood in North London.
The report further described the property as
a private three-floor residence in St. John’s Wood, equipped with an eight-car
driveway, two gardens, electric gates and a gym.
The property had been previously confiscated
around 2016 from Kola Aluko, who reportedly connived with former Nigeria’s oil
minister, Diezani Alison-Madueke, to fleece Nigeria.
Aluko bought the property for about
$15million in 2013, indicating that it was sold four years later for a lower
price, an uncommon scenario for such an upmarket neighbourhood.
However, Bloomberg said it could not
immediately find indications that the President-elect, Bola Tinubu, 71, was
involved in the purchase.
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