Home » Headlines » Seyi Tinubu’s Alleged $10.8 Million Fraudulent London Mansion Deal Sparks Reactions

Seyi Tinubu’s Alleged $10.8 Million Fraudulent London Mansion Deal Sparks Reactions

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Seyi Tinubu's Alleged $10.8 Million Fraudulent London Mansion Deal Sparks Reactions

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Social media has been abuzz with reactions to allegations that Seyi Tinubu, son of Nigerian president-elect Bola Tinubu, purchased a London mansion previously owned by Kolawole Aluko, who was under investigation for fraud by the Nigerian government.

According to Bloomberg, Seyi’s firm acquired the property for $10.8 million in 2017, which was part of a corruption scandal that the administration of President Muhammadu Buhari was investigating.

The report states that Seyi is the main shareholder of Aranda Overseas Corp., an offshore company that paid £9 million to Deutsche Bank for the property.

The mansion, located in the St. John’s Wood district, features an eight-car driveway, two gardens, electric gates, and a gym.

The documents do not suggest that Tinubu was personally involved in the acquisition, and Buhari visited him there in August 2021.

Bloomberg notes that Tinubu’s spokesman and Seyi did not respond to requests for comment, and a British lawyer listed as Aranda’s agent declined to comment citing confidentiality rules.

The reports have sparked criticism of the Buhari government for selling off a property under investigation.

@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.”

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.”

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?”

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.”

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.”

This article was updated 4 months ago

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