Politics

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

Published

3 years ago

November 10, 2022

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.

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

2027: Wike Opens Up On Preferred Rivers Guber Candidate

Published

1 minute ago

May 6, 2026

Editor

The Minister of the Federal Capital Territory, Nyesom Wike, on Wednesday said he hasn’t endorsed any candidate for the Rivers state gubernatorial election in 2027.

Wike stated this on Wednesday during his monthly media parley in Abuja.

Wike said that the endorsement will come only after a meeting by the joint coalition in the state.

He said: “I haven’t endorsed anybody. And I can’t endorse anybody until the joint coalition meets.”

DAILY POST reports that questions have been raised concerning the fate of current governor of Rivers State, Siminalayi Fubara, in 2027.

The FCT Minister was reported to have endorsed former State Commissioner for Works, Alabo Dakorinama George Kelly, as his preferred candidate for the Rivers State governorship election.

Sources told DAILY POST that Wike settled for George after a closed-door meeting with key political stakeholders in Port Harcourt on Monday.

Politics

Open Bank Account In PDP Name, See What Will Happen – Wike Dares Turaki Faction

Published

6 minutes ago

May 6, 2026

Editor

Minister of the Federal Capital Territory, FCT, Nyesom Wike, on Wednesday challenged the Peoples Democratic Party, PDP, faction led by Tanimu Turaki to open an official party bank account and secretariat if they truly believe they control the opposition party’s structure.

Speaking with journalists on Wednesday in Abuja, Wike accused some party leaders of misleading Nigerians and violating court judgments in the lingering leadership crisis rocking the PDP.

The former Rivers State governor insisted that the faction opposing the party’s recognised leadership lacked legal standing and could not lawfully operate the affairs of the party.

“You cannot continue to deceive Nigerians. If they are sure they are the authentic leadership of the PDP, let them open an official PDP account and tell party members to pay nomination fees into it,” Wike said.

He specifically challenged Taminu Turaki, SAN, and other leaders of the rival camp to test their claims by opening a bank account in the name of the PDP.

“Let Turaki, as a Senior Advocate of Nigeria, open an account for the PDP. Let them announce it publicly for members who want to contest elections. That day, you will see what will happen,” he stated.

Wike argued that no bank would recognise such an account because the faction allegedly lacks the legally recognised party structure and documentation required to operate.

“That bank will be in trouble because to open such an account, you must provide the party’s authentic documents and recognised leadership. Who has those documents?” he queried.

The FCT minister also warned against attempts to establish what he described as illegal party offices, vowing that any action capable of causing a breakdown of law and order in Abuja would not be tolerated.

“If anybody goes ahead to open an illegal office in the name of the PDP in Abuja, I will seal it. I will not allow any breach of peace because my duty is to maintain law and order in the Federal Capital Territory,” he said.

Wike maintained that court judgments had already settled the dispute over the PDP leadership and convention issues, accusing some actors of twisting judicial pronouncements for political convenience.

“People should stop deceiving Nigerians. The judgments are clear. You cannot ignore court decisions and begin to create parallel structures,” he added.

The minister further dismissed claims that the Supreme Court ruling favoured the rival faction, insisting that the legal processes and decisions available supported his position and that of the recognised party leadership.

According to him, attempts to reinterpret the judgments outside the established legal context were aimed at confusing party members and the public.

Wike said he remained a committed member of the PDP and was only defending what he described as constitutional order and due process within the party.

PDP has remained embroiled in internal leadership disputes following disagreements over the party’s convention, caretaker arrangements and recognition of key national officers ahead of the 2027 general elections.

Politics

2027: Wike Refuses To Confirm Or Deny Chinda’s Governorship Bid

Published

19 minutes ago

May 6, 2026

Editor

Minister of the Federal Capital Territory, FCT, Nyesom Wike, has reacted to reports that a federal lawmaker, Okey Chinda, has obtained forms to contest the Rivers State governorship election under the Peoples Democratic Party, PDP.

Speaking during a media chat on Wednesday, Wike neither confirmed nor denied the reports about Chinda’s alleged ambition.

However, he maintained that the PDP in Rivers State will participate in the upcoming election.

Responding to Dax George-Kelly, who is also said to have obtained a governorship nomination form under the All Progressives Congress, APC, Wike said George-Kelly is a member of the Rainbow Coalition in Rivers State.

He stated that the coalition will collectively decide which candidate to support when the time comes.