A group identified as Committee On Equity and Justice has unearthed what
it described as corrupt manner in which APC leader, Bola Tinubu whom it
named the Nigeria’s most corrupt person, amassed wealth.
The group disclosed that Number 4, Oyinkan Abayomi (formerly Queens)
Drive, Ikoyi: A 5-bedroom detached house on one acre of land which was
originally the Lagos State Governor’s guest house since 1979 now belongs
to Tinubu. The certificate of occupancy of the property valued at N450
million was signed and released to him by Fashola in 2007 shortly after
he assumed office. Tinubu’s residence at 26 Bourdillon Road, Ikoyi was
initially falsely presented as Oando Plc Guest House. Later, he
purportedly bought it from Oando, and used public funds to rebuild and
renovate it. The Lagos State Government bought the property and paid an
undisclosed sum to him and thereafter gave the property back to him
under the bogus Pension Bill he signed to law shortly before he left
office in 2007. The property is worth over N600 million
The annex of the Lagos State Guest House in Asokoro, Abuja was bought by
the State Government in 2006 for N450 million, purportedly to protect
the main house from security breach.
Shortly after Tinubu left office, the property was transferred to him
under the pension plan he signed into law before leaving office.The
250-hectare land valued at about N35billion and strategically located at
the Ajah junction on Lekki Road was initially meant for a General
Hospital for the people of Eti-Osa Local Government but was stolen by
Tinubu and handed over to Trojan Estate Ltd – a company owned by Deji
and Wale Tinubu – to develop as Royal Garden Housing Estate at
the expense of taxpayers money.
The 1,000 hectares of land valued at about N75billion located at Lakowe
near Abijo at Ibeju-Lekki Local Government and given to Lekki Concession
Company (LCC) which is partly- owned by Tinubu and Fashola and being
developed as golf course and housing estate by Assets and Resource
Management Ltd (ARM) as ADIVA project. The prime land of 157 hectares
with 2.5km of Atlantic beachfront valued at about N10billion and stolen
by Tinubu from the communities of Siriwon, Igbekodo, Apakin, etc in
Ibeju-Lekki Local Government and given to Ibukun Fakeye – his crony to
build a golf course and luxury villa with little or no compensation to
the villagers. In addition, Tinubu paid $20million (N3billion) out of
public treasury to Ibukun Fakeye to commence the project in late 2006.
Fashola has since released additional funding for this project, which is
not owned by the state government.
The 14-hectare Parkview Ikoyi Estate foreshore land reclaimed by Lagos
State Government is now owned by Bola Tinubu. While in office, Bola
Tinubu allocated to himself the former Strabag yard beside the Lagos
State Secretariat at Alausa, Ikeja. The property is now being occupied
by Shoprite.
This is public property brazenly stolen and now owned by Tinubu, aided
by Fashola. He acquired the choice property at Lekki-Epe road on which
he built and owns the multi-billion Naira Oriental Hotel and the
extension of multi-storey car park beside it. Also, the multi-level
recreation centre by Mobil in Oniru Estate on Lekki-Epe road jointly
owned with ARM and Tunji Olowolafe. All these assets valued at over
N25billion were obtained without paying a kobo to the Lagos State
Government.
The 3.8-hectare of land of Lagos State Fisheries office in VI (beside
the Institute of Oceanography) valued at N3billion. The fishery landing
jetty at Badore (where the Ilubirin fishermen were to be relocated)
valued at N500million The entire Ogudu foreshore scheme initially
earmarked for a low-cost housing scheme valued at N5billion The
Ilubinrin housing estate (which used to house Lagos state civil servants
and judges up till 2007) valued at N2.5billion. The former Julius
Berger yard at Oko Orisan, Epe valued at N450 million.
Alhaji Ahmed Tinubu raised a loan of N4.7billion on Eko Akete project
for which nothing was achieved before he turned around to sell the
property to his Chagouri friends of Chagouri & Chagouri and
Hitech Construction Ltd at a ridiculously low price at the expense of
the taxpayers of Lagos. Tinubu applied to personally purchase the
Federal Secretariat building while in office. When he couldn’t get to
buy it, he directed Fashola to stop the eventual owner of the complex to
develop it. The complex is presently wasting away courtesy of the Lagos
State Government.
Alhaji Ahmed Tinubu converted all the plots of land where Lagos
Polytechnic was located at Ikosi near the old toll gate. He chased away
the Polytechnic in 2006 and went ahead to locate the choice plots to
himself, his cronies and political associates. The headquarters of
Television Continental (TVC), which is owned by him, is located there.
He deprived the youths of Lagos of decent education because of his
greed. Tinubu solely sold the prime land on Aboyade Cole, Victoria
Island which was recovered from some allotees, to UACN Properties Plc.
The amount of proceeds till date, was shrouded in secrecy.
The Critical Care unit at the Lagos State University Teaching Hospital
(LASUTH) in Ikeja, built and equipped with state funds, is now owned
personally by Tinubu. He has put one of his trusted aides, (a supposed
cousin of his) to run the outfit. It is run as a private unit and the
proceeds are pocketed by the duo. The unit charges its users
exorbitantly and most Lagosians can hardly afford to pay its high
charges. Much of the revenue is derived from fees paid by the State
Government for patients referred there by its General Hospitals. Again,
if the Lagos State Land’s Bureau could publish the names and identities
of beneficiaries of land allotees from 2000 to date, the scandal that
will result is better imagined. Gbenga Ashafa, now a Senator, and Mrs.
Awofisayo were the conduits through which these acts were being
perpetrated. Both were also personally involved in various
dubious land transactions on their own.
dubious land transactions on their own.
Asiwaju Bola Ahmed Tinubu has acquired for himself a new private
jet. The jet is a Bombadier Global Express XRS, the same type owned by
Forbe’s richest man in Africa Aliko Dangote, Folorunsho Alakija and Mike
Adenuga Jnr. Aviation experts say the luxurious asset would cost
nothing less than
$50 million or more depending on specification. Reports say the jet was ordered from the US and facilitated in Europe. The Jet, which is the second owned by the politician, was allegedly purchased so that Tinubu would not be refuelling when he goes on long haul journeys.
$50 million or more depending on specification. Reports say the jet was ordered from the US and facilitated in Europe. The Jet, which is the second owned by the politician, was allegedly purchased so that Tinubu would not be refuelling when he goes on long haul journeys.
Prime land and properties have been used to pay off public officials who
are personally close to Tinubu and Fashola for “jobs well done” or for
being privy to sensitive information, notably: (a) Dele Alake, former
Commissioner for Information and Strategy, was sold a whole house on
Alexander Road, Ikoyi where he lived as official quarters at a give-away
price. (b) Rauf Aregbesola, Osun State Governor, who was a former
Commissioner in Lagos as well as Muiz Banire, also a former
commissioner, got detached houses at Ladoke Akintola Street, GRA Ikeja
for their “good job” while serving under Tinubu. (c) Yemi Cardoso and
Wale Edun, both former commissioners, were sold houses on Iru Close, and
another location in old Ikoyi at give-away prices by Tinubu.
We call him the largest landlord in Lagos. These are wealth acquired
through illegal means. But now, it is convenience for them to hide under
Buhari and preach Integrity.
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