Exposed:Tinubu's Alleged Multi Billion Naira Properties Revealed (See List)

These are purported choice properties said to belong to a Chieftain of APC and former governor of Lagos State,Asiwaju Bola Ahmed Tinubu.

The choice properties scattered across the country runs into billions of Naira




1. 4, Oyinkan Abayomi (formerly Queens) Drive, Ikoyi: A 5-bedroom detached house on one acre of land which was originally the Lagos State Governor’s guest house since 1979, but which now belongs to Tinubu. The certificate of occupancy of the property valued at N450 million was signed and released to him by Fashola in 2007 shortly after he assumed office.

2. Tinubu’s residence at 26 Bourdillon Road, Ikoyi was initially falsely presented as Oando Plc Guest House. Later, he purportedly bought it from Oando, and used public funds to rebuild and renovate it. The Lagos State Government bought the property and paid an undisclosed sum to him and thereafter gave the property back to him under the bogus Pension Bill he signed to law shortly before he left office in 2007. The property is worth over N600 million.

3. The annex of the Lagos State Guest House in Asokoro, Abuja was bought by the State Government in 2006 for N450 million, purportedly to protect the main house from security breach. Shortly after Tinubu left office, the property was transferred to him under the pension plan he signed into law before leaving office.

4. The 250-hectare land valued at about N35billion and strategically located at the Ajah junction on Lekki Road was initially meant for a General Hospital for the people of Eti-Osa Local Government but was stolen by Tinubu and handed over to Trojan Estate Ltd – a company owned by Deji and Wale Tinubu – to develop as Royal Garden Housing Estate at the expense of the taxpayers of Lagos.

5. The 1,000 hectares of land valued at about N75billion located at Lakowe near Abijo at Ibeju-Lekki Local Government and given to Lekki Concession Company (LCC) which is partly- owned by Tinubu and Fashola and being developed as golf course and housing estate by Assets and Resource Management Ltd (ARM) as ADIVA project.

6. The prime land of 157 hectares with 2.5km of Atlantic beachfront valued at about N10billion and stolen by Tinubu from the communities of Siriwon, Igbekodo, Apakin, etc in Ibeju-Lekki Local Government and given to Ibukun Fakeye – his crony to build a golf course and luxury villa with little or no compensation to the villagers. In addition, Tinubu paid $20million (N3billion) out of public treasury to Ibukun Fakeye to commence the project in late 2006. Fashola has since released additional funding for this project, which is not owned by the state government.

7. The 14-hectare Parkview Ikoyi Estate foreshore land reclaimed by Lagos State Government is now owned by Bola Tinubu.

8. While in office, he allocated to himself the former Strabag yard beside the Lagos State Secretariat at Alausa, Ikeja. The property is now being developed into a shopping mall as big as the Palms in Lekki. This is public property brazenly stolen and now owned by Tinubu, aided by Fashola.

9. The choice property at Lekki-Epe road on which he built and owns the multi-billion naira Oriental Hotel and the extension of multi-storey car park beside it. Also, the multi-level recreation centre by Mobil in Oniru Estate on Lekki-Epe road jointly owned with ARM and Tunji Olowolafe. All these assets valued at over N25billion were obtained without paying a kobo to the Lagos State Government.

10. Tinubu and Fashola sold the following prime Lagos properties to their personal friend and front – Prince Dipo Eludoyin at very ridiculous prices:

• The 3.8-hectare of land of Lagos State Fisheries office in VI (beside the Institute of Oceanography) valued at N3billion.

• The fishery landing jetty at Badore (where the Ilubirin fishermen were to be relocated) valued at N500million

• The entire Ogudu foreshore scheme initially earmarked for a low-cost housing scheme valued at N5billion

• The Ilubinrin housing estate (which used to house Lagos state civil servants and judges up till 2007) valued at N2.5billion.

• The former Julius Berger yard at Oko Orisan, Epe valued at N450million.

11. Tinubu raised a loan of N4.7billion on Eko Akete project for which nothing was achieved before he turned around to sell the property to his Chagouri friends of Chagouri & Chagouri and Hitech Construction Ltd at a ridiculously low price at the expense of the taxpayers of Lagos.

12. Tinubu applied to personally purchase the Federal Secretariat building while in office. When he couldn’t get to buy it, he directed Fashola to stop the eventual owner of the complex to develop it. The complex is presently wasting away courtesy of the Lagos State Government.

13. It took several months of horse trading and underhand payments before Fashola could allow the new owners of 1004 flats to redevelop the complex.

14. Several other buyers of Federal Government properties and developers of properties in Ikoyi, Victoria Island and Government Reservation Area Ikeja were forced to succumb to the outrageous demands of Tinubu, Fashola, Commissioner Abosede and other officials of the Lagos State Physical Planning Ministry and were made to pay ridiculous amounts to private accounts before their redevelopments were approved. Those who refused or were unable to pay could not develop their properties. This is a major economic strangulation of property developers and has contributed largely to the skyrocketing rent in Ikoyi, VI and Lekki axis.

15. Tinubu converted all the plots of land where Lagos Polytechnic was located at Ikosi near the old toll gate. He chased away the Polytechnic in 2006 and went ahead to locate the choice plots to himself, his cronies and political associates. The headquarters of Television Continental (TVC), which is owned by him, is located there. He deprived the youths of Lagos of decent education because of his greed.

16. Tinubu singlehandedly sold the prime land on Aboyade Cole, Victoria Island which was recovered from some allotees, to UACN Properties Plc. The amount of proceeds was shrouded in secrecy.

17. Eludoyin, fronting for Tinubu, built the estate directly opposite Goshen Beach Estate in Lekki area.

18. Tinubu’s wife, Remi Tinubu, built the massive New Era Foundation youth camp at the junction of Eleko, off the Lekki-Epe express road, with Lagos State funds and has now converted it to personal use.

19. Tinubu owns the Fara Park Estate and the Beach Wood Estate both in Lekki.

20. The Critical Care unit at the Lagos State University Teaching Hospital (LASUTH) in Ikeja, built and equipped with state funds, is now owned personally by Tinubu. He has put one Dr. Sikiru Tinubu, (a supposed cousin of his) to run the outfit. It is run as a private unit and the proceeds are pocketed by the duo. The unit charges its users exorbitantly and most Lagosians can hardly afford to pay its high charges. Much of the revenue is derived from fees paid by the State Government for patients referred there by its General Hospitals.

21. Several prominent Nigerians in the judiciary, police, INEC, and other sensitive agencies have obtained prime land from former Governor Tinubu and incumbent Governor Fashola over the years without paying a kobo. Many of them had turned around to sell the land to third parties at substantial profit. Many top officials in the police, INEC and the judiciary who participated in the 2003 and 2007 elections and tribunals in states where Tinubu has interest were compromised with parcels of free prime Lagos land and cash. If the Lagos State Land’s Bureau could publish the names and identities of beneficiaries of land allotees from 2000 to date, the scandal that will result is better imagined. Gbenga Ashafa, now a Senator, and Mrs. Awofisayo were the conduits through which these acts were being perpetrated. Both were also personally involved in various dubious land transactions on their own.

22. Prime land and properties have been used to pay off public officials who are personally close to Tinubu and Fashola for “jobs well done” or for being privy to sensitive information, notably:

(a) Dele Alake, former Commissioner for Information and Strategy, was sold a whole house on Alexander Road, Ikoyi where he lived as official quarters at a give-away price.

 

Source: myondostate.com/Liberty Report


CKN NEWS

Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

44 Comments

  1. Vanity upon vanity....

    ReplyDelete
  2. Na wha o! But he will die some day and leave all dis behind

    ReplyDelete
  3. There is God oooo

    ReplyDelete
    Replies
    1. my broda na true talk...there is God oooo

      Delete
  4. Get all u can, can all u get and sit on d can all is vanity

    ReplyDelete
  5. At least it all said in Lagos and some of them are providing accommodation and job for the people of the state. If other politicians who stole our money invest them locally Nigeria would have been developed by now. If Abacha has invested his loot here we won't be struggling to get them back. As many of you who have the brain of the uneducated local Ekiti people who preferred an impeached Governor who did nothing but a poultry whose birds does not defecate to the one who wanted infrastructural development, sound education system and was not sharing the state money among politicians. I will say continu. Da ris God ooooo.

    ReplyDelete
    Replies
    1. D house is not for d masses nau

      Delete
    2. Nigerians are wiser than the politics of destruction this site is meant to achieve , Tinubu is a devil as GEJ but in this circumstance , he is a better devil than the 'I once had no shoes' who has paupersed the entire country, turned to a an unrepentatly corrupt nation in the commity of Nations and continue to abuse our collective intelligence by brazingly putting back corrupt politicians back into power and making us look like an unintelligent fool.
      At least Tinubu still respect our collective psyche and intelligence by giving us credible candidates to fool us to expand his estate.
      Is better to be fooled by intelligent people than to be made a fool through unintelligent means.
      Whichever way, the choice is fr Nigerians!

      Delete
  6. If this is all he has, he no get anything. He is still a poor man. Mtcheeeew.

    ReplyDelete
  7. Few out of the large! The important once are keep silent unknown! The onces mentioned are just peanuts compare to the actual source ; abeg Seh we look like omo Ghana! Heyyy there iis GOD ooooooooo

    ReplyDelete
  8. Few out of the large! The important once are keep silent unknown! The onces mentioned are just peanuts compare to the actual source ; abeg Seh we look like omo Ghana! Heyyy there iis GOD ooooooooo

    ReplyDelete
  9. Have you investigated Tony Anieni? How did Dokubo Asare get the money to open 3 universities in Republic of Benin? Nigerian politicians are curruption except Buhari, quote me.

    ReplyDelete
  10. the list still goes on and on.... oriental hotel@ lekki toll gate, renassiance
    hotel beside shoprite @ alausa. der is God oooo

    ReplyDelete
    Replies
    1. The entire Lekki Expressway nko?? Infact I learnt he owns the whole of Lekki! Lol

      Delete
  11. Go and check the accounts of all political office holders and govt officials, you will have a hypertensive stroke from the shock that will come out of your findings, like Bob Marley sang " if you see their dog'a dinner you'll know that them people are sinners" is it not in this country that our present day govt tried to make one million Naira pocket size by proposing to introduce 5000 Naira note we refused to be swayed by that your cheap blackmail can anyone tell us what our presido was worth as a governor and what he's worth today in 1993 MKO Abiola in a debate told Nigerians a very simple truth that there's enough In this country for every Nigerians need and greed or do you think we have forgotten that, can we talk about how much all the people in power and their cronies are worth truthfully please leave sponsored blackmail and roll out a full dossier of what all the people we have trusted to lead/ represent us were worth before call to service and what they are worth now then we'll follow you.

    ReplyDelete
    Replies
    1. Please let's stop being sentimental! There is a problem here. Let's talk about it.

      Delete
  12. Go and check the accounts of all political office holders and govt officials, you will have a hypertensive stroke from the shock that will come out of your findings, like Bob Marley sang " if you see their dog'a dinner you'll know that them people are sinners" is it not in this country that our present day govt tried to make one million Naira pocket size by proposing to introduce 5000 Naira note we refused to be swayed by that your cheap blackmail can anyone tell us what our presido was worth as a governor and what he's worth today in 1993 MKO Abiola in a debate told Nigerians a very simple truth that there's enough In this country for every Nigerians need and greed or do you think we have forgotten that, can we talk about how much all the people in power and their cronies are worth truthfully please leave sponsored blackmail and roll out a full dossier of what all the people we have trusted to lead/ represent us were worth before call to service and what they are worth now then we'll follow you.

    ReplyDelete
  13. Indeed, God has blessed him. HE has being faithful to him 'cos HE alone can give power to get wealth. Before you blackmail Tinubu, 1st publish the worth of Oxford Grammarian (Patience Jonathan) u'll see that all these are just peanut.

    ReplyDelete
  14. These guys are greedy and wicked.. where will they take all these wealth to after their death

    ReplyDelete
  15. These are peanuts o.. Investigate more and you will be shocked

    ReplyDelete
  16. APC can never rule Nigeria..They are thieves

    ReplyDelete
    Replies
    1. This look like a sponsored attempt to smear Tinubu's image. Please assets list like this should not be done only about Tinubu. Political leaders in Nigeria are terrible & PDP leaders are worse in comparism with APC leaders. Why has Goodluck Jonathan refused to declare his assets till date? What about the assets of Patience Jonathan? Asari Dokubo? Edwin Clark? Abacha son that Jonathan recently pardoned at the expense of Nigerians in order to win Kano? Ayo Fayose? David Mark? Godswill Akpabio? Chime in Enugu? etc. Please let all leaders in Nigeria declare their assets. There is no one like Buhari! On this, I doff my hat for Buhari a million times.

      Delete
  17. He sleeps in one room, drives one car, and one day will die and finally stay in one 6feet grave. Haba we need to grow up in this country and maybe his children will drag all the properties and begin to kill themselves after and my probably sell those properties as ridiculous price, why don't we channel our strengths and resources into creating sound and quality men via education and job creation. If I were Tinubu, I will train millions of people and bring then up in life so that when I die, I can be remembered. Cos all is vanity.when your eyes are closed, you don't know any thing again. Food for thought for all politicians and wealthy men and not only Tinubu.

    ReplyDelete
  18. What's more shocking about Naija is that if someone steals a loaf of bread in the market people will descend on them and beat them to a state of stupor (maybe even some pepper in their private parts to add flavour)..but someone that has robbed them blind like tinubu will be hailed and celebrated, they will dobale in front of him and say "baba! Help me now"! ..smh! We have a long long long way to go..dia is no god oh! There are only lazy Nigerians that won't act even when they are being robbed in broad daylight..as the saying goes "God helps those who help themselves"..

    ReplyDelete
  19. Why are you on and on about this man who is doing his best to liberate us? At least he fights for us and invests in Nigeria. Did you know this man was doing well before he became governor? Did you know the part he played during the Abacha regime and NADECO? Ask the likes of Prof Wole Soyinka, Prof Bolaji Akinyemi, and even Gov Mimiko to mention a big and reputable few.
    I believe if he wasn't governor, with the kind of intellectual he is, he would have been very rich notwithsatnding

    ReplyDelete
  20. Can we also know how much Tinubu worth and his business structures before becoming the governor of Lagos. Again what exactly is this story trying to tell an intelligent and productive Mind.

    ReplyDelete
  21. JAGABAN The Thief stealing South West blind

    ReplyDelete
  22. See the calibre of people who want to take over from Jonathan

    ReplyDelete
  23. The 2 private jets nko?. There was one yacht parked at Marina sometime ago, that one sef don escape. Jagaban de jugunu.

    ReplyDelete
  24. Na every body be barawo,eni ti ile ba moba ni,every individual has dat blood too.

    ReplyDelete
  25. This look like a sponsored attempt to smear Tinubu's image. Please assets list like this should not be done only about Tinubu. Political leaders in Nigeria are terrible & PDP leaders are worse in comparism with APC leaders. Why has Goodluck Jonathan refused to declare his assets till date? What about the assets of Patience Jonathan? Asari Dokubo? Edwin Clark? Abacha son that Jonathan recently pardoned at the expense of Nigerians in order to win Kano? Ayo Fayose? David Mark? Godswill Akpabio? Chime in Enugu? etc. Please let all leaders in Nigeria declare their assets. There is no one like Buhari! On this, I doff my hat for Buhari a million times.

    ReplyDelete
  26. book your hotel online at www.hostelbag.com. Security is key

    ReplyDelete
  27. Before everybody starts casting aspersions on this man called TINUBU, have u all investigated and found all these stories to be true? Nigerians let us learn to know the truth before casting the stones. Let us stop jumping into conclusion.

    ReplyDelete
  28. Something need to be done if this report is true..But you know what? Nigerians are so daft in a situation like this..so how should we thwat Tinibu and his like? Ole and Barawo steeling from the poor , shamefull and disgraceful..

    ReplyDelete
  29. Let raise arm against them

    ReplyDelete
  30. A know a commissioner In this presents Lagos state govt. That was my former boss dat involves in 419 business on Lagos island around kakawa in d early 2000

    ReplyDelete
  31. This is 9ja; It's a normal thing to do......kudos to your leaders.

    ReplyDelete
  32. This is not peculiar to tinubu alone. Virtually all nigerian politicians can be found wanting in this respect. Stop being hypocritical, reveal the secrets of all those siphoning nigeria.

    ReplyDelete
  33. Very obviously these were sponsored to deliberately smear the man's image. Can all these claims be verified, or is it just mudslinging by the PDP whose transgressions are very visible in our daily lives? At least people in Lagos can attest to some degree of increment in infrastructure development. The PDP robs us blind and doesn't even see fit to try to do small work, as palliative measures to ease the pains their stealing inflict on the masses. Let us not allow ourselves to be used as tools to achieve some selfish political desires.

    ReplyDelete
  34. There is time for every thing, this is his time to shine and by the grace of GOD mine will come soon. Do you guys remember MKO Abiola, Jakande, Abasha, Yaradua and co, they all came and went but only a few made any significant impact in the lives of the people. Most are old enough to see what the families of this past leaders care going through. I know for a fact that a lot of people who are in their 40s now wouldn't have seen the for corners of a school if not for Jakande but today they have some level of education. Is this what our current leaders are doing? Insha allah l will be alive to witness the end of this so called leaders that only enrich themselves only for their next generation to lay waste to all the wealth they leave behind.

    ReplyDelete
  35. Tinubu wise no be small, ofo ninu ofo!

    ReplyDelete
  36. If human being can think of the day he will die and leave everything and also know that naked he came and naked he will leave ,I think he will not acquire much of this world treasures.ori olori lo n se fun

    ReplyDelete
  37. Guys. This is very interesting. This is why I have my Nigeria passport for SALE!!.

    I am praying for my people. One day they will see the light and be liberated.

    ReplyDelete
Previous Post Next Post

نموذج الاتصال