Corruption
Documents Shows How Tinubu’s Son Bought $11m Fraud-Linked Mansion in London
Bola Tinubu was personally involved in the acquisition of the UK property in 2017.
A document has revealed how the son of Nigeria’s president-elect bought an $11 million London mansion that his predecessor’s government was seeking to confiscate as part of a probe into one of the biggest corruption scandals.
According to previously unreported UK company documents, Bloomberg reports that President-elect Bola Tinubu was personally involved in the acquisition of the UK property in 2017.
The corporate documents seen by Bloomberg show for the first time that Tinubu’s 37-year-old son Oluwaseyi is the main shareholder of Aranda Overseas Corp., an offshore company that paid £9 million ($10.8 million) to Deutsche Bank for the property in North London in late 2017.
Bola Tinubu’s spokesman and Oluwaseyi Tinubu did not respond to emails, phone calls and text messages seeking comment. A British lawyer listed as Aranda’s agent in the UK declined to comment citing confidentiality rules.
According to Bloomberg, at the time of the purchase, Nigeria’s 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.