Politics

10 Accounts Linked To Tinubu In US, $460,000 Deducted As Tax – Keyamo

Published

3 years ago

November 10, 2022

Although 10 accounts were linked to All Progressives Congress (APC) presidential candidate, Bola Tinubu, by United States authorities in the early 90s, $460,000 were deducted from one of the accounts as tax on investments domiciled in US banks.

This was the submission of the Chief Spokesperson for the Tinubu-Shettima Presidential Campaign Council, Festus Keyamo, on Channels Television’s Politics Today programme on Wednesday.

He was commenting on the controversy surrounding a document recently released by the US District Court for the Northern District of Illinois said to have investigated Tinubu’s alleged involvement in narcotics and money laundering about 30 years ago.

The matter, which ended in a settlement, led to Tinubu’s forfeiture of $460,000 in one of the accounts linked to the former governor of Lagos State.

Keyamo said Tinubu took responsibility for all the 10 accounts because they were also traced to his mother and “relatives”.

He also said Tinubu was roped in the drug trafficking case of two Nigerians who once stayed in separate flats in the same building where the ex-governor stayed at a time in the US.

“He, Asiwaju, went to open an account, the address by which he opened the account was already used by these people…investigated for narcotics,” he said.

‘Not A Deliberate Act’
Keyamo further stated that Tinubu was an employee of Mobil Oil and not a treasurer of a drug cartel.

He explained that Tinubu deposited some funds in bank accounts in the US as investments and got returns on those investments.

The spokesman said the banks were supposed to deduct taxes from the investments but they did not and this was not a “deliberate act” on the part of Tinubu.

“The deposits he made there (in banks) are what bankers called investments; he kept the money there and he was getting interests. They (US government) said he had not paid tax on those interests. That is all and guess what? The banks are supposed to deduct the tax from source.

“Out of the 10 accounts, it was only one account – the one in Heritage Bank – that they took $460,000 as tax on interest that he benefited on the investment he made in those accounts.

“In fact, all the money in Heritage Bank was not taken; they took only $460,000 as tax,” said Keyamo, who is also the Minister of State, Labour and Employment.

‘PDP Went To The US To Dust Old Document’
Keyamo insisted that there was no criminal indictment or conviction against Tinubu, alleging that the opposition Peoples Democratic Party (PDP) was behind the reincarnation of the controversial court document.

“His (Tinubu’s) detractors kept bringing up these issues over and over when his political profile is rising, when he wants to run for office or any political turn in his life, they will bring up these issues,” Keyamo said.

“The date on the papers flying up and down, the date of certification is 2022, so they are using this to confuse people that these are fresh papers. If documents are 40 years old or 100 years old, once you go to court, and apply for certified true copies of those documents, they will give you those documents but they will stamp the day they are giving you those documents.

“This is what our detractors, the PDP, perhaps that is what they went to the US for when they pretended that they went for high-level engagement. This is part of the high-level engagement they went for.”

Tinubu, 70, is in the 2023 contest for Aso Rock’s top job alongside top contenders like PDP’s Atiku Abubakar and Peter Obi of the Labour Party in the contest many analysts have described as a three-horse race.
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Politics

PDP Crisis: INEC Rejects Turaki-led NWC

Published

2 days ago

December 23, 2025

Editor

The Independent National Electoral Commission, INEC, has said it will not recognise the Kabiru Turaki-led National Working Committee, NWC, of the Peoples Democratic Party, citing existing court judgments and unresolved legal processes.

This was as contained in a letter dated December 22, 2025, signed by INEC Secretary, Dr Rose Oriaran-Anthony.

The Commission stated that it could not act on demands to acknowledge or upload on its website the list of national officers said to have been elected at the National Convention held on November 15 and 16, 2025, in Ibadan.

According to INEC, its position was guided by subsisting court decisions and pending litigation relating to the leadership crisis within the PDP.

The electoral body further noted that it would be improper to recognise any factional officers while the matter remains before the courts.

Politics

Govt That Fails To Protect Its Citizens Has No Business Remaining In Office – Kwankwaso

Published

2 days ago

December 23, 2025

Editor

Senator Rabiu Musa Kwankwaso, leader of the Kwankwasiyya Movement and 2023 presidential candidate of the New Nigeria Peoples Party (NNPP), has accused the Federal Government under President Bola Ahmed Tinubu of lacking the political will to tackle Nigeria’s worsening insecurity.

Kwankwaso spoke on Tuesday in Kano while unveiling 2,000 operatives of the Kano State Neighbourhood Security Network.

He urged President Tinubu to “rise to the occasion and truly act as the Commander-in-Chief” in addressing banditry and other security challenges.

According to him, Nigeria’s military “remains one of the most gallant in the world,” having served in international peacekeeping missions in Darfur, Liberia, and other conflict zones.

However, he said the armed forces are not being adequately supported to perform optimally.

“Today, many innocent Nigerians are being killed, while the perpetrators walk freely as if nothing happened. The government must apologise to Nigerians for its laxity in the fight against insecurity,” he said.

Kwankwaso, who once served as Minister of Defence, added: “When I was Defence Minister, I knew the capability of the Nigerian military. They are courageous and professional but need clear direction, support, and political will to do the needful.”

He stressed that Nigeria’s armed forces had historically ranked among the best globally and urged the government to equip them properly to change the current security situation.

Kwankwaso also said that if elected president in 2027, he would recruit over one million additional military personnel to strengthen national security.

“Any government that fails to protect the lives and property of its citizens has failed woefully and has no business remaining in office,” he declared.

He further called on the Federal Government to integrate community-based security initiatives, like the Kano Neighbourhood Security Network, into the national security system to boost morale and improve intelligence-driven operations against criminals.

Politics

ADC Announces Temporary Closure Of Secretariat

Published

2 days ago

December 23, 2025

Editor

The African Democratic Congress, ADC , says it has temporarily closed its National Secretariat as part of the end-of-year break.

A statement by its National Publicity Secretary, Bolaji Abdullahi, said full operations are scheduled to resume in the New Year.

According to the statement, the secretariat will close on December 23, 2025, and reopen on January 5, 2026.

The party, however, said essential skeletal services will remain available throughout the period, while all other official activities at the National Secretariat will be suspended to allow staff and party officials observe the Christmas and New Year holidays.

“This is to inform the public that the African Democratic Congress National Secretariat will close for the year on 23rd December 2025 and will resume full operations on 5th January 2026.

“During this period, only skeletal services will be available, while all other official activities at the Secretariat will be temporarily suspended,” the statement said.

The party thanked its members, partners and supporters for their continued loyalty and cooperation throughout the year, noting that their support remains critical to the growth and stability of the party.

The ADC also said it is committed to its ideals and to democratic engagement as it prepares for activities in the coming year.