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Tinubu’s Son, Seyi Beneficial Owner of Corruption-Tainted London Mansion, Says Bloomberg
A corruption-tainted London mansion that the Buhari administration had targeted for confiscation now belongs to Nigeria’s president-elect Bola Tinubu’s son through an offshore shell company, which is also linked to the politician’s surrogates.
The Tinubu connection with the property – 32 Grove End Road, London – as well as its link with a petrodollar fraud investigation in Nigeria was first revealed by PREMIUM TIMES as part of the Pandora Papers investigation. But in a new report on Tuesday, Bloomberg reported that Seyi Tinubu is a beneficial owner of the property through shell company Aranda Overseas Corporations, citing UK company documents.
Using leaked documents from Pandora Papers, PREMIUM TIMES previously reported that Aranda was incorporated in November 1999 in the British Virgin Islands by Mr Tinubu’s trusted surrogates – Gboyega Oyetola, former governor of Osun State, and friend Eluyemi Eludoyin. The incorporation was done months after Mr Tinubu assumed power as governor of Nigeria’s business capital Lagos State.
But Seyi Tinubu’s connection has only just been revealed by Bloomberg after the UK enacted a new law requiring foreign companies investing in the country’s property market to declare their beneficial owners. Mr Tinubu and his son, Seyi, refused to respond to enquiries by Bloomberg on the matter.
Seyi, who was active in his father’s campaign, is a businessman, known for his interest in advertising.
Bought from a fugitive at £8 million discount
Documents obtained from the UK property register revealed that in July 2013, the property with title number 340992, was bought for £11.95 million by Zavlil Holdings Ltd, a shell company incorporated in the British Virgin Islands, a notorious tax haven. Further documents obtained by PREMIUM TIMES revealed that Zavlil Holdings Limited is owned by Kolawole Aluko, an international fugitive wanted by law enforcement agencies in Nigeria and the United States for money laundering.
Kola Aluko and his associate, Jide Omokore, were indicted in the US and Nigeria for multi-million-dollar fraud and money laundering violations allegedly in collusion with a former Minister of Petroleum Resources, Diezani Alison-Madueke.
In 2016, the Federal Government of Nigeria filed a Mareva injunction at a Federal High Court in Lagos seeking to confiscate a list of properties belonging to Messrs Aluko and Omokore valued at $1.8 billion.
A Mareva injunction is a court order which freezes the assets of a defendant pending the outcome of litigation.
In the suit against Messrs Omokore and Aluko, alongside their companies, Atlantic Energy Drilling Concepts Nigeria Limited and Atlantic Energy Brass Development Limited, the Nigerian government asked the court to grant it seven orders to prevent the accused from disposing of the assets. The government alleged they were acquired through fraudulent means.
The third prayer the government made to the court was to grant it an order restraining the accused “from giving any instruction, demanding, accepting, receiving payments and/or transacting, transferring, mortgaging or howsoever dealing in any manner with assets of the Defendants in both houses and land in Abuja and Lagos and others located outside Nigeria.”
The government then listed 17 properties in Abuja, Lagos, the U.S., Canada, Dubai, Switzerland, and the UK.
Among the listed properties was “Grove End Road, London”.
The court granted the government all its prayers. In October 2017, an attempt by the defendants to dismiss the Mareva injunction granted on the properties was subsequently dismissed by Oluremi Oguntoyinbo, the trial judge.
But just around the time (on October 18, 2017) the court dismissed the defendant’s attempt to dismiss the injunction, documents obtained from the U.K. property register revealed that Mr Aluko sold the house for £9 million to Aranda incorporated by Mr Tinubu’s surrogates, Messrs Oyetola and Eludoyin.
The huge discount at which the property was sold is curious and raised questions of whether Mr Aluko desperately needed to sell the property even while a court of law had placed a freeze order on it.
The United Kingdom, especially the greater London area, is noted for its rapid increase in the value of properties. According to PREMIUM TIMES’ calculation of the likely value of the property when it was bought by Aranda Overseas Corporation done on the website of the UK’s National Building Society, which is the largest building society in the world, the property should be worth approximately 17 million pounds. Thus, Mr Aluko sold the property at a discount of £8 million.
Mr Tinubu uses the property for his stay in London and photos from there became popular online when the politician was hosting political figures there while convalescing in 2021. President Muhammadu Buhari whose government had targeted the property for confiscation was one of the guests.
Premium Times
Disturbed by the increasing level of terrorism and banditry in the country, the Senate has declared that it will consider the amendments to the 1999 Constitution to provide for the establishment of State Police in the country this week.
In a statement on Monday, the Senate Leader, Senator Opeyemi Bamidele, APC, Ekiti Central, said that after it is considered by the Senate, it would then be transmitted to the 36 State Houses of Assembly for further legislation.
In the statement issued by his Directorate of Media and Public Affairs, the Leader of the Senate explained that all stakeholders across the federation “are on the same page with the National Assembly on the establishment of State Police.”
Bamidele, who explained that the National Assembly would isolate the aspect from the ongoing constitution amendment and pass it into law due to its national exigency, also revealed that President Bola Tinubu and all the state governors were on the same page with the National Assembly on the State Police.
He added that the legislative week, which begins on Tuesday, would be a crucial one for the Senate as the issue of state police would top their agenda.
Section 214 (1) of the 1999 Constitution says: “There shall be a Police Force for Nigeria, which shall be known as the Nigeria Police Force.”
Bamidele said: “Our position is very clear on state police. We are standing with Nigerians on the issue of state police. All strata of the federation have made it clear that there cannot be a better time to establish a state police than now.
“That is where we stand. Where we are coming in is to now help translate this popular desire of the people into reality as elected representatives of the Nigerian people.
“We came to the conclusion that we are going to pass the constitutional amendment in this respect to make a provision for the State Police. If I can tell you as of today, that will come to fruition this very week because there is no need to allow any further delay
“There have been a series of meetings between the National Assembly. When I say the national assembly, I mean Chairman, Senate Committee on the Review of the 1999 Constitution, Senator Barau I. Jibrin and Chairman, House of Representatives Committee on the Review of the 1999 Constitution, Rt. Hon. Benjamin Kalu, both of whom are representing the National Assembly.
“They had been in a series of meetings with the office of Attorney-General, Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila; Inspector-General of Police, Mr. Tunji Disu and other stakeholders in the last one week and that is why I can sit here to tell you that we’re pursuing that this week.
“It is going to be the subject we will be dealing with this week. What we have resolved to do is to isolate it with the rest of the bills that we have proposed under constitutional amendment so that we can vote on this as soon as possible.
“The bill can as well be on its way to the 36 States’ Houses of Assembly as soon as possible because you know we will need two-thirds of the state assemblies to approve it before the president can assent to it.
“The president is also with us on this proposal. I am sure he cannot wait for the bill to come to him for assent. I am sure the majority of our governors, as we know, are in support of this bill. The state assemblies are also waiting for this bill to come. We will initiate the proposal for the creation of state police within the week.”
Chief of Staff to the President, Femi Gbajabiamila, had disclosed that President Tinubu would receive a comprehensive report on the proposed creation of state police as consultations on the constitutional framework for its establishment approached completion.
Abia State governor, Alex Otti, has announced plans to construct a FIFA-standard stadium in Aba with a seating capacity of approximately 35,000, in what is being described as one of the most significant sports infrastructure projects in the State’s development agenda.
The proposed stadium is designed to meet international football standards, making it suitable for hosting top-tier domestic league matches, continental competitions, and other global sporting events.
The facility is expected to feature modern pitch technology, upgraded spectator stands, advanced lighting systems for night games, VIP lounges, media centres, locker rooms, and safety and security installations that align with FIFA requirements.
The project is also expected to include auxiliary facilities such as training pitches, parking spaces, and support buildings that will enhance its overall functionality as a multi-use sports complex.
According to the governor’s vision, the stadium is not just a sports project but part of a broader economic revitalisation plan for Aba.
The city, already known as a major commercial hub in South-eastern Nigeria, is expected to benefit significantly from increased sporting activities, which will drive business for hotels, transport operators, food vendors, and local entrepreneurs.
The initiative is also positioned to strengthen grassroots football development and provide a modern home ground for local teams, especially Enyimba FC, one of Nigeria’s most successful football clubs.
The project is expected to be executed through a structured development approach that may involve partnerships aimed at ensuring timely delivery and high construction standards.
When completed, the stadium is projected to elevate Abia State’s profile in national and African football circles while creating new opportunities for youth engagement, talent development, and sports tourism.
Overall, the Aba stadium plan reflects a strategic push by the state government to combine sports, infrastructure, and economic development into a single long-term growth vision for Abia State.
Suspected gunmen have abducted the sister of a former Minister of Power, Adebayo Adelabu, in Ibadan, the Oyo State capital.
The family of former minister and chieftain of the All Progressives Congress (APC) confirmed the abduction, disclosing that Mrs. Olaide John-Paul and her 12-year-old twin sons were kidnapped by the gunmen on Wednesday, June 3, 2026.
According to a statement issued by Adelabu’s media aide, Femi Awogboro, the victims were kidnapped at about 7:30am while Mrs. John-Paul was taking her children to school.
Mrs. John-Paul, the youngest of five children of Mrs. Olufunmilayo Aduke Adegoke Adelabu, reportedly retired voluntarily from her career at First Bank Pension Custodian in 2025 before relocating to Ibadan with her children.
She was said to be making arrangements to join her husband, who had earlier relocated to the US.
The family expressed deep concern over the development but stated that security agencies had already commenced efforts to rescue the victims and apprehend those responsible.
“We are pleased to confirm that security operatives have swung into action and preliminary investigations have commenced in earnest,” the statement partly read.
While appealing for calm, the family urged members of the public to refrain from spreading unverified information that could undermine ongoing rescue operations.
“We are deeply distressed by this unfortunate incident, but remain hopeful that the victims will be rescued safely. We appeal to the public to remain calm, avoid speculation and support ongoing efforts with prayers,” the statement added.
The family also called on anyone with useful information that could aid the rescue operation to promptly share such intelligence with security agencies through the appropriate channels.
It assured that it would continue to cooperate fully with law enforcement authorities and provide updates as investigations and rescue efforts progress.
