Politics
10 Accounts Linked To Tinubu In US, $460,000 Deducted As Tax – Keyamo
Published
3 years agoon
By
Editor
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.
READ ALSO: tinubReport Alleging Tinubu’s Involvement In Drug Trafficking ‘Sign Of Frustration’ – Keyamo
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.
READ ALSO: Why Tinubu Was Absent At Debate – APC Campaign Council
“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
INEC Fixes Voter Registration Resumption Dates For Anambra Election, Nationwide
Published
11 hours agoon
June 26, 2025By
Editor
The Independent National Electoral Commission (INEC) says its Continuous Voter Registration (CVR) will resume in Anambra on July 17 and nationwide on Aug. 18.
INEC Chairman, Prof. Mahmood Yakubu, disclosed this at the commission’s quarterly meeting with political parties on Thursday in Abuja.
Yakubu said that in view of the forthcoming governorship election in Anambra, the CVR exercise would be held at two levels.
He said the exercise would commence in the 326 wards across the state on July 8 and end on July 17 from 9 a.m. to 3 p.m. daily, including the weekend.
READ ALSO: Anambra Governorship: INEC Publishes Final List, Announces Date For Campaign
“During the registration period, new voters as well as those who wish to transfer their registration to Anambra from other states of the federation or from one location to another within the state will have the opportunity to do so.
“Similarly, registered voters whose Permanent Voters Cards (PVCs) were lost or damaged will have the opportunity to apply for replacement.
“Uncollected PVCs from previous registrations will also be available for collection at the registration centres.
“Interested eligible Nigerian citizens are encouraged to appear in person to register,” he said.
The INEC chairman, however, explained that the online pre-registration option is currently unavailable.
READ ALSO: INEC Releases Details Of 16 Anambra Guber Candidates
Yakubu added that voter registration and compilation of the voters’ register must be completed not later than 90 days before the date fixed for the election as provided by law.
“For the nationwide CVR, the commission has approved resumption of the online and in-person registration of voters in all states of the federation.
“The online pre-registration will start on Aug. 18, while the in-person registration will follow on Aug. 25.
“The exercise will be held simultaneously in all states and the FCT as well as the 774 Local Government Area offices nationwide,” he said.
Yakubu said the detailed schedule of activities would be released soon.
(NAN)
Politics
2027: Drama As Two ‘ADA’ Emerge In INEC’s List Of 110 Party Registration Bids
Published
23 hours agoon
June 26, 2025By
Editor
Two political associations seeking registration as political parties have submitted identical acronyms to the Independent National Electoral Commission, INEC.
According to Vanguard, the first is the All Democratic Alliance, ADA, being promoted by Chief Akin Ricketts and said to be one of the special purpose vehicles that the anti-Tinubu coalition is seeking to use as a platform in the 2027 general election.
While the Ricketts ADA is 109 on the INEC list, the other ADA, Advanced Democratic Alliance, is 110, the last one the list unveiled by the electoral umpire.
This second ADA has Alhaji Ahmadu Suleiman as Protem Chairman and Zipporah Pius Miracles as Secretary.
READ ALSO: Atiku, El-Rufai Coalition Seeks INEC Registration For New Party
The Ricketts ADA has its national headquarters at Ground Floor, UAC Complex, Plot 273 Samuel Adesujo Ademulegun Street, CBD, Abuja, FCT.
Suleiman’s ADA has its national headquarters at 1 Frandriance Close, Off Oda Crescent, Off Aminu Kano Crescent, Wuse 2, Abuja.
Ahead of the 2027 general elections, no fewer than 110 political associations have written to the Independent National Electoral Commission, INEC, seeking registration as political parties.

Former governor of Benue State, Gabriel Suswam, on Wednesday declared that the acting National Chairman of the Peoples Democratic Party, PDP, Umar Damagum, is the problem of the party.
Suswam, who insisted that Damagum is not a leader, said the party has been drifting downwards since he assumed the role of acting National Chairman.
Featuring on Channels Television’s Politics Today, the former governor said, “There is no integrity in the leadership of PDP, I’m happy that Wike said it.
READ ALSO::
“I have consistently said that Damagum is not a leader. What has happened here is that after the meeting with INEC, a good leader would have met with the National Working Committee members to brief them before holding any press conference.
“Damagum has been the problem of the PDP since he assumed the acting National Chairman of the party. The party has been drifting downward, I have said this thing consistently.
“First and foremost, he breached the provisions of the constitution which said that he must act for a period and this position must go back to the North Central.”
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