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

By-Election: Edo Is Home To APC — Deputy Gov, Idahosa

Published

9 hours ago

August 14, 2025

Editor

The deputy governor of Edo state, Hon Dennis Idahosa, says irrespective of the setback experienced during the immediate past administration of the state, Edo is originally home to the All Progressives Congress (APC).

In a press statement signed by his Chief Press Secretary, Friday Aghedo, Idahosa stated this during the final campaign round for the Ovia federal constituency by-election in Ovia South West local government area that took place at Iguobazuwa.

The deputy governor expressed optimism that the party will come victorious in the bye-election scheduled for Saturday.

Idahosa, who was the occupant of the seat before his election as the state’s deputy governor, said he was sure of the APC candidate, Hon Omosede Igbinedion, securing a minimum of 90 percent votes for the by-election.

“All that is needed is for us to fully mobilise and encourage our supporters to come out enmass to exercise their civic responsibilities on Saturday.

“It is very obvious that from our engagement with the people these past days and across various communities in the federal constituency, we are sure of not less than 90 percent of total votes cast.

“In fact, is not for the misdeed of the immediate past administration, Edo is home to the APC, it has always been right from the AC to ACN, and before the APC”, Idahosa stated

Meanwhile, the APC candidate for the bye-election, again reiterated her commitment to the betterment of the federal constituency.

Omosede Igbinedion noted that her synergy with the deputy governor was sure to attract developmental projects to the federal government.

She appealed to the people to come out on Saturday without fear or intimidation, to do what is required of them, cast their votes for the progressives party.

Notable leaders at the grand finale of the campaign at Iguobazuwa were the Speaker, Edo State House of Assembly, Hon. Blessing Agbebaku, Deputy Speaker, Hon. Osamwonyi Atu, former deputy governors of the state, Dr Pius Odubu, and Chief Lucky Imasuen.

Others are Pastor Osagie Ize-Iyamu, the party former governorship candidate,Mr Lawrence Okah, the state Secretary of the party, Senator Neda Imasuen, Chief Billy Osawaru, amongst others.

Politics

Osun LG Crisis: INEC To Relocate CVR Centres, Releases Gov Poll Timetable

Published

1 day ago

August 13, 2025

Editor

The Independent National Electoral Commission in Osun State said it will relocate registration points for the forthcoming Continuous Voter Registration exercise from local government secretariats currently under lock.

Osun LG secretariats have been shut since February 17, 2025, due to a tussle between the Peoples Democratic Party and the All Progressives Congress over control of councils.

The APC had claimed that the February 10, 2025, decision of the Court of Appeal, Akure, had returned its candidates elected in the October 15, 2022, local government elections, but sacked by the Osogbo Federal High Court in December 2022.

But the PDP insisted that the officials who emerged on February 22, 2025, are legally recognised to manage the affairs of council areas in the state.

Speaking during a stakeholders’ meeting in Osogbo, the state capital, on Wednesday, the Resident Electoral Commissioner, Dr Mutiu Agboke, said the affected INEC offices had been identified and would be moved to alternative locations to ensure the CVR proceeds without disruption.

Agboke said, “The CVR will start on the 18th day of August, 2025, with online registration.

“By this, the prospective registrant will visit www.cvr.inecnigeria.org to supply the necessary information about himself or herself.

“Thereafter, he or she will generate a slip to take to INEC local government office within his place of residence.

“Later on the 25th of August 2025, the registrant will visit the local government office for his or her biometrics, i.e the fingerprint and the facial.

“INEC offices located inside local government secretariats are not shut down.

“However, INEC has harvested the number of those local government offices. We want to bring them out of the LG secretariats. We are working on that. Our headquarters had requested for their details and we have forwarded to them.”

Agboke also announced that activities for the August 8, 2026, Osun governorship election have officially begun, with notices posted in all INEC LG offices.

Party primaries are scheduled between November 24 and December 15, 2025, while submission of candidates’ particulars will run from January 15 to February 9, 2026.

He stated, “This is necessary to enable political parties democratically nominate candidates for the election as required by section 84 of the Electoral Act, 2022. The submission of forms EC9 ( personal particulars of candidates) and EC9B (Names/list of nominated candidates) online at the nomination portal of the commission at 9 am on the 15th day of January, 2026, to 6 pm on the 9th February 2026.

“Access code for the submission of nomination forms shall be available for collection on 15th December, 2025, at the headquarters of the commission. I implore all the political parties and other stakeholders to follow the timetable for the 2026 Governorship Election for Osun State with a view to tracking the various activities contained therein. Copies of the timetable shall be made available to the political parties at this meeting in a short while. The 2026 Governorship election shall be conducted on the 8th day of August,2026.”

He appealed to political parties and other major stakeholders to work against the menace of vote buying, saying the electorate should be educated not to sell their votes.

The REC also called on all stakeholders to continue supporting INEC in the state for it to deliver a credible election, noting that the commission alone cannot deliver a peaceful and successful election without their cooperation.
(PUNCH)

Politics

JUST IN: Total Loyalty Non-negotiable, PDP Tells Members

Published

1 day ago

August 13, 2025

Editor

The Peoples Democratic Party has warned that it will not tolerate disloyalty from any member, stressing that total commitment to the party’s cause is non-negotiable.

Speaking at a press conference in Abuja on Wednesday, PDP National Publicity Secretary Debo Ologunagba said the party will rely on its constitution to ensure members remain committed to its cause.

Responding to a question about the recent conditions set by the Minister of the Federal Capital Territory, Nyesom Wike, for the success of the November 15 and 16 National Elective Convention, Ologunagba emphasised that the PDP is about the people, not any individual.

He said, “We have zero tolerance for anti-party activities. We expect and demand total loyalty from all our members. Anything short of that will not be tolerated, and we shall invoke the relevant sections of the party’s constitution to enforce this.”

Details shortly…