Connect with us

Politics

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

Published

on

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.

Advertisement

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”.

Advertisement

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.

Advertisement

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.

Advertisement

“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.

Advertisement

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.

Advertisement

“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.
Channels

Advertisement

Politics

Tinubu Under Fire Over Presidential Pardon For Drug Offenders

Published

on

By

Opposition parties and political figures, including the African Democratic Congress and former Vice President Atiku Abubakar, have condemned President Bola Tinubu’s recent decision to grant presidential pardons to dozens of convicted criminals, including drug traffickers, describing the move as a grave setback to Nigeria’s anti-drug campaign and a dangerous affront to justice and morality.

The Presidency on Saturday released a detailed list of 175 individuals granted the 2025 presidential pardon, among them the late nationalist Herbert Macaulay, the late Major General Mamman Vatsa, and Maryam Sanda, who was sentenced to death for killing her husband.

The pardon, which also included presidential clemency, covered more than 30 convicted drug offenders and several others jailed for crimes such as homicide, fraud, and illegal mining. The development has sparked widespread criticism and debate across the country.

Advertisement

In a statement on Sunday, ADC National Publicity Secretary, Bolaji Abdullahi, described the move as “pathetic and a national disgrace,” arguing that it undermines the nation’s war against drugs, encourages criminality, and damages Nigeria’s international reputation.

“The African Democratic Congress finds as pathetic and an act of immense national disgrace the recent presidential pardon and clemency granted to several convicted criminals by President Bola Ahmed Tinubu,” the statement read.

READ ALSO:JUST IN: Council Of State Meets As Tinubu Presents Nominees For INEC Chair

Advertisement

“It amounts to a most irresponsible abuse of the presidential power of prerogative of mercy to grant express pardon to dozens of convicts held for drug trafficking, smuggling, and related offences—especially when most of these convicts have barely served two years in jail for crimes that attract life imprisonment.”

The party said the decision sends a disturbing message that remorse and token rehabilitation are now sufficient grounds for freedom, even for serious crimes.

“According to official statements, it appears that all it takes to get presidential clemency for even the worst of crimes in Nigeria—including drug trafficking, gun running, and murder—is to show remorse and learn skills,” ADC said.

Advertisement

It added that the purpose of pardon and clemency is to correct miscarriages of justice and reintegrate those who have genuinely paid their debt to society, not to excuse dangerous offenders.

“We wonder what Nigeria stands to gain from this act of clemency to convicts serving life sentences who have barely served two years.

READ ALSO:Tinubu Grants Presidential Pardon To Herbert Macaulay, 174 Others

Advertisement

“For years, NDLEA officers have risked life and limb to combat this problem,” the party said. “Granting clemency to individuals convicted under such laws makes a mockery of their sacrifice and gives the world the impression that Nigeria, under President Tinubu, is sympathetic to drug dealers and a safe haven for traffickers.”

Also, Atiku said the pardon had “rightly sparked nationwide outrage.”

Atiku said while the presidential power of mercy is intended to balance justice with compassion, its misuse weakens confidence in the rule of law.

Advertisement

Regrettably, the latest pardon issued by the Tinubu administration has done the very opposite,” Atiku said. “Extending clemency to individuals convicted of grave crimes such as drug trafficking, kidnapping, murder, and corruption diminishes the sanctity of justice and sends a dangerous signal to both the public and the international community.”

He described the decision as “shocking and indefensible” at a time when Nigeria is grappling with insecurity, moral decay, and a surge in drug-related crimes.

READ ALSO: FULL LIST: 175 Beneficiaries Of Tinubu’s Pardons

Advertisement

“Particularly worrisome,” he added, “is the revelation that 29.2 per cent of those pardoned were convicted for drug-related offences, even as our youth are being destroyed by narcotics and our nation continues to battle the global stigma of drug offences.”

In a pointed criticism, Atiku said the pardon raises “moral irony” given the lingering questions about Tinubu’s past in relation to a U.S. drug-related forfeiture case, noting that “it is therefore no surprise that this administration continues to show tolerance for individuals associated with criminal enterprise.”

“A presidential pardon should symbolise restitution and moral reform. Instead, what we have witnessed is a mockery of the criminal justice system, an affront to victims, and a demoralization of law enforcement.

Advertisement

“Clemency must never be confused with complicity. When a government begins to absolve offenders of the very crimes it claims to be fighting, it erodes moral authority and emboldens lawlessness.”

Atiku called for a review of the clemency process to ensure transparency, fairness, and respect for public interest, insisting that “Nigeria needs leaders who defend justice, not those who undermine it.”

Advertisement
Continue Reading

Politics

Umahi Fires Back At Makinde Over Lagos-Calabar Highway Cost

Published

on

By

The Minister of Works, David Umahi, has fired back at Oyo State Governor, Seyi Makinde, over his recent comments questioning the cost per kilometre of the Lagos-Calabar Coastal Highway, insisting that the governor misunderstood the technical details of road construction and cost evaluation.

Speaking during an inspection tour of the Keffi Bridge and the Nasarawa–Toto Road projects, alongside the state governor, Abdullahi Sule, on Saturday, Umahi said the cost of the highway had been carefully computed in line with global engineering standards and should not be reduced to “political soundbites.”

Governor Makinde had queried the minister’s estimated figures on the cost per kilometre of the Lagos-Calabar Coastal Highway, which is one of the signature infrastructure projects of President Bola Tinubu’s administration.

Advertisement

Makinde, who spoke at an event in a viral video on Friday, said there was no need for the Minister of Works, David Umahi, to be “dancing around the cost” of the project.

READ ALSO:Makinde Calls Out Umahi Over Coastal Highway Cost Analysis

He said, “These are elementary questions. And it makes no sense (sic). A process is ongoing, payment has been made, and you are saying, ‘How has this money been utilised?. The money is meant for the project, and it will be paid according to the work done.

Advertisement

Responding to the inspection tour, the former Ebonyi governor described Makinde as “a brother and friend” but said it was improper for him to publicly accuse him of “dancing around” figures.

“I heard that my brother and friend, Governor Makinde of Oyo state, said something about the cost per kilometre. I don’t want to join issues with him. I think he is an engineer, I think he is an electrician, they call it ‘elect-elect’. But this road construction matter, ‘elect-elect no reach there’,” Umahi said.

He continued, “I am his senior both in governance and in engineering practice. So, anything he doesn’t understand, he should call me and ask. I have great respect for him as my friend and brother, but he should withdraw the statement that I’m dancing around. I never danced around. If he insists, he should come for a debate, which is very important.”

Advertisement

READ ALSO:How Toke Makinwa’s Pregnancy Unveiling Sparked Social Media Frenzy

Defending the project further, Umahi explained that there was no ambiguity in determining the cost per kilometre, stressing that it must be understood in both estimated and average terms.

There is no ambiguity in cost per kilometre,” he said. “I am teaching them that cost per kilometre can be divided into estimated cost, which has elements of variance, and average cost, which is definitive. The average cost of a definitive project and the estimated cost are probable elements.”

Advertisement

He explained that the estimated cost includes allowances for contingencies and variation of price, which may not eventually be utilised.

“When the project is completed, and you remove what you didn’t use, such as contingencies and VOP, then you have your actual cost,” he added.

READ ALSO:Umahi Terminates Benin–Warri Road Contract, Seeks Refund

Advertisement

Umahi expressed amusement that some critics had resorted to asking Artificial Intelligence to explain the difference between estimated and average cost, only for the AI’s response to align with his explanation.

When somebody who is dangling without knowledge goes to ask AI what the difference is between cost per kilometre and average cost, I’m happy that AI told him exactly what I said,” the minister quipped.

He also cited the National Universities Commission’s clarification on who qualifies as a professor, noting that practical experience in the field also counts as expertise.

Advertisement

“I’m happy that the NUC programme on who is a professor also made me right. You can become a professor by the reason of your practice. And I think God has made me one when it comes to practical, field engineering programmes, that’s what it is; you can’t take it back,” Umahi said.

Continue Reading

Politics

Enugu Gov Mbah Set to Dump PDP

Published

on

By

Enugu State Governor Peter Mbah is set to dump the Peoples Democratic Party, PDP, for the ruling All Progressives Congress, APC, next week.

National Chairman and Deputy National Chairman, South-East, of the APC, Nentawe Goshwe Yilwatda and Emma Eneukwu, respectively, broke the news in Abuja on Friday.

The APC national leadership revealed Mbah’s imminent defection to the ruling party while swearing in the newly inaugurated members of the Enugu State caretaker committee, led by former state chairman, Ben Nwoye, at the party’s national headquarters in Abuja.

Advertisement

READ ALSO:Why We Named Mandy Kiss Anti-drug Abuse Ambassador – Lagos Commissioner

The governor is expected to announce his defection at an event schedule to hold in the state next week.

Chairman of the newly inaugurated caretaker committee, Nwoye, who confirmed the development, said the governor will join the ruling party alongside all his appointees.

Advertisement

There are speculations that Taraba State Governor, Agbu Kefas, is also set to join APC.

Continue Reading

Trending

Exit mobile version