Nigerian govt seeks worldwide seizure of multibillion dollar assets of ex-President Jonathan’s allies

Jide Omokore
Jide Omokore

The Nigerian government on Monday kicked off legal processes that will enable it freeze local and foreign assets of Jide Omokore and Kola Aluko, allies of former petroleum minister, Diezani Alison-Madueke, who are being investigated in connection with a series of multi-billion dollar petrol import and crude export deals.

Mr. Omokore, who is also an ally of former President Goodluck Jonathan, is the chairman of Atlantic Energy Concept Nigerian Limited (AEDC) and Atlantic Energy Brass Development Limited (AEBD). Both companies were listed as the first and second defendants in the suit.

Atlantic Energy Limited was one of the companies that allegedly received multibillion dollar worth of public assets without due process by the Jonathan administration in 2011.

The company, which was created less than a year earlier and had not produced a droplet of oil, was awarded controlling stakes in two lucrative oil blocks – OML 30 and 34 – for just over $50 million each.

The deal, which was signed by the immediate past minister of petroleum, Diezani Alison-Madueke, gave Atlantic Energy Limited a controlling 55 percent stake in the oil block.

Curiously, Shell, which owned the remaining 45 per cent stake, fetched $1.3 billion for a single field after an open and competitive bidding process.

The Federal Government, alongside its co-plaintiff, Nigerian Petroleum Development Company Limited (NPDC) and Nigerian National Petroleum Corporation (NNPC), filed a motion before a Federal High Court in Lagos, seeking an order of mareva injunction, directing 19 Nigerian banks, eight foreign banks and eight local and international firms to freeze the funds and assets they hold on behalf of the Mr. Omokore, Mr. Aluko, AEDC, and AEDB.

The government is also seeking an order to freeze several local and international luxury properties owned by the defendants, including the Galatica Star, a $50 million “Super yatch” owned by Mr. Aluko and three private jets.

According to the motion ex-parte, Oladipo Okpeseyi, lead counsel to the Federal Government, prayed the court for an order restraining the defendants from “giving any sale or transfer instruction, demanding, accepting or receiving any payment or sale or dividend on the shares owned by the defendants,” in any of any of the eight local and international companies.

The company include Mia Hotels Limited, First Motors Limited, V.I Petrochemical, Evergreen Realty and Management, Ox Trade Limited, De First Union Integrated Services, Amity Plus Limited, and Seven Energy International Limited.

The government is also asking the court for an order to “confiscate within seven days of all sums of money and negotiable instruments of credit of the defendants domestic accounts held in 19 domestic banks.  The government estimated the total sum held by the defendant to be $1.76 billion.

The plaintiffs also prayed the court for an order for a freeze on sale or mortgage on the following properties in Nigeria and abroad: Houses on 755 Sarbonne Road, Los Angeles, 952 North Alphine Drive, Los Angeles, 815 Cima Del Mondo, Los Angeles, 1049 Fifth Avenue, New York, 1948 and 1952 Tollis Avenue, Santa Barbara, 157 West 57thStreet, New York, and 4100 Le Reve Dubai.

Other Houses include, Avenue Towers, Lagos, Colina D’Oro Montagnola, Switzerland, Block A consisting of 26 Flats at No 46, Gerrard Road, Ikoyi, Lagos, Mason apartments situated at No6 Gerrard Road, Ikoyi, Lagos, Marion Apartment located at 4 and 5 Onikoyi Estate, Banana Island, Ikoyi, 33A Cooper Road Ikoyi, Lagos, 8 Gerrard Road, Ikoyi, Lagos, Griove End Road, London, Land, 807 Cima Del Mundo, Mont Tremblant, Canada.

Other assets the government is also requesting to be seized are the Galatica Star yatch, a 20-year Berth Lease in Barcelona, Watch collection, a collection of 58 vehicles, a Global Express S5-GMG jet, a Bombadier Global 600 9H-OPE, Bombardier.

When the case came up for hearing, the lead counsel for the defendants, Tokunbo Jaiye-Agoro, told the trial judge, Oluremi Oguntoyinbo, that they were served the motion in court. He, therefore, requested an adjournment for defence counsel to study the motion and come up with its response.

The judge subsequently adjourned the case to the 29 June, 2016 for allow the counsels of the defendants to response to the motion.


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  • Kevin Peter

    Endless fight with no positive impact!

    • ailandaaa

      seems you know these thieves? barawo

  • separation is the answer-

    Any Nation that uses fake war on corruption as a cover to deceive the masses will continue to groom in the dark until thy kingdom cometh–Buhari should stop twisting the brain of Nigerians with his lies—————————-

    • ailandaaa

      barawo

    • ayo

      You sef wan drive bentley abi even if you no go school?…..Go ask Jona and im gang of crooks how them spend all the moni?…..

  • IZON Redeemer

    “If the herdsmen killing, raping and destroying farms across the South and Middle Belt of Nigeria are from Libya, then the people blowing up pipelines can not be identified as Ijaws without proof of identification, therefore the Nigerian military, navy, and airforce should stop criminalizing IJAWS and stop attacking Ijaw communities and killing Ijaws.”

    7. Ijaws will not continue to pay the price of all the failures of Nigeria as a nation. My opinion as a Niger Deltan and as an Ijaw indigenous person is that I STAND FIRMLY ON THE SIDE OF THE NIGER DELTA AND MY ETHNIC NATIONALITY that we demand a 100% OWNERSHIP OF OUR GOD GIVEN RESOURCES.

    8. That self-determination is a right of indigenous peoples guaranteed by the African Charter of Human and People’s Rights and the UN Declaration on Human and Indigenous Peoples Rights.

    On these truths and values, I stand! No amount of threats, lies, blackmail or terrorism will stop me as God is with me.

    Annkio Briggs is a respected leader of the Niger Delta struggle for human rights and environmental justice.

    • duke bolajo

      one question, do you support the looting. answer with a yes or no. no need to explain anything just a yes or no will do.

      • tundemash

        u r chatting with a mad man !

  • IZON Redeemer

    I Did Not And Will Never Condemn The Niger Delta Avengers’ – Annkio Briggs [MUST READ]

    By Annkio Briggs – Jun 13, 2016 0

    Annkio Briggs (right) with John Brambaifa at the National Conference in May 2014 (NAN Photo)

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    1

    It is unfortunate and distractive for a section of the Nigerian media and partisan activists on social media to twist my statements and positions to suit their political leanings and for financial gain.

    My attention has been drawn to a headline story presented by Premium Times, an online newspaper leaning towards the ruling All Progressives Congress (APC), saying that I blasted the new militant group, Niger Delta Avengers and said that they are from Somalia. The headline is not only misleading, but criminally tilted to suit the paper’s political motives.

    For the avoidance of any doubt, let me present below my position on the rights of the people of the Niger Delta and the continued perpetuation of injustice against my people, the people of the Niger Delta, by the Nigerian state.

    1. That any federal government of Nigeria should respect rule of law at all times and under all circumstances.

    2. The very minimum form of government acceptable and workable for Nigeria is FISCAL FEDERALISM.

    3. That any demand is open to dialogue.

    4. That after nearly 60 years of oil and gas exploration of oil and gas out of the Niger Delta region and people of the Niger Delta region, l am an UNAPOLOGETIC NON-VIOLENT AGITATOR for RESOURCE OWNERSHIP, not just for OIL AND GAS but all RESOURCES in all and any part of Nigeria SOLID AND MINERAL.

    5. The long term plan to discredit me will continue to fail. The act of constantly twisting what l say will continue to fail. It has been demanded of me on radio shows, on television and by electronic media reporters to CONDEMN the Niger Delta Avengers and my position remains the same; l refuse to condemn the Niger Delta Avengers but rather appeal to the Avengers not to continue to blow up pipelines, but rather to accept dialogue as their next option.

    6. I am disappointed but not surprised to see the latest distorted headlines by partisan newspapers. For the records, below is what I said at the meeting in Uyo on June 10, 2016 and the meeting in Enugu on June 12, 2016. I have been saying this long before the two assemblies.

    • IG

      You are always talking out of point. By the way what school did you attended? Or did you grew up in the creek?

    • ayo

      My guy the person weh do you this thing don skata your brain…..You are always all over the place like a lunatic….

  • PolyGon2013

    This news is too complicated for Ijaws to comprehend. Whatever a couple of their daughters and sons do with their oil money is considered their rights, even if most of them live in poverty.

    • Say Rikkky

      @PolyGon2013:disqus

      It is not
      good for history that Goodluck Jonathan will be let off whilst Jide Omokore –
      his cat’s paw – languishes in jail. Goodluck Jonathan is the author and
      finisher of the intentional economic sabotage of Nigeria today. He was
      particularly thievish for authorizing the money-laundering implicated in the
      transfer of $1.2billion criminally shared by five crooked persons, along with
      Chief Dan Etete, the 6th offender – being sums derived from illegal
      sale of Nigeria’s oil field, OPL 245.

    • FEMI A

      Many love lawlessness. They told us during Ibori that it is their money leave him alone similar was said recently the SS governors to leave looters from prosecutions. They are above the laws.

  • Awards Committee 2016

    Criminal of the Year Award

    In all of Nigeria’s history, beginning since October 1st 1960, no other criminal nears his gross infamy.
    In tandem with Dizeani Allison-Madueke and Goodluck Jonathan, this criminal has set new records.
    He is the only known criminal who singly emptied $4.5b = 20% of Nigeria’s treasury at a go.

    This criminal of the year does not talk much. He just steals, and, he robs and then plunders.
    Ladies and gentlemen, the criminal of the year award 2015 goes to the one and only…
    the deadliest of them all, the worst thief Nigeria has ever had: JIDE OMOKORE!!!!!

  • Du Covenant

    How much does an individual need for an average life span?.

    • Ashibogu

      They are cats, very fat cats, they have nine lives, so they need so much.

    • Saydo Shan

      I wonder.

    • Usman

      big question

  • ayo

    How can people be so wicked to their own just bewilders me….It is Nigeria that people steal so much and it can just be explained as nothing but madness….What really is all this loot used for?…To f**ck anything in pants….Drink imported drinks like Champagne, Buy fancy Jets, and all sort of useless cars….
    All these guys need to have their heads checked…..Many of them now have incurable diseases and terminal illnesses with death knocking on their doors…..
    It is all vanity upon Vanity…..
    On their final day on this earth nothing will be taken with them….

    • Du Covenant

      My broda, it is only a black man that is capable of being so pathologically GREEDY!. See the contrast with Bill Gates, Warren Buffet to mention just two. The only connection these two people have with Nigeria is our common humanity yet, you see what Nigerians are doing to their fellow citizens and what useless things they are spending money stolen from all of us on in a country that imports everything from razor blades!.

  • Dejandon

    Ol’ boy! My mouth no fit close for a while after reading all these assets from these crooks! Chai, Jona see how you take damage our Country with your lack of control of government management. Chai, Chai, there is god ooooo

  • emmanuel kalu

    it is crazy how Nigerian’s just waste money. I guess if you didn’t earn it, you can afford to waste it. why so many property in the same city. it appears the man wanted to buy up ikoyi?

    • Du Covenant

      The man is just atypical hyena, can’t you see how he looks?. He needs all these to compensate for his ugliness….

    • UNAFFECTED

      They bought the land for the building on 46, Gerrard Road for N700 million. Just land alone. One of the flats rents for $100, 000 a year.

  • vagabonds in power

    Asset forfeiture is the most blatant violation of your constitutional rights that exists on the books today. It allows the government to take all of your money and properties without even charging you with a crime and it’s all legal. They’re just counting on you to not have enough $ abroad to fight back–Sadly the neite money came from the south south

    • Saydo Shan

      CRAP.

    • Concerned

      Nobody has the constitutional right to steal/engage in corrupt practices

      Any assets thus acquired must by definition be forfeited

    • Paul Young

      Cry baby

    • FEMI A USA

      Govt is not after real people who are working for their money. It’s deterrent from steal from public purse. They should keep their hands to themselves.

  • Saydo Shan

    Very confounding. Utterly disgusting. These guys steal like lunatics.

  • Contact Point

    Someone should tell me again that Goodluck Ebelemi Jonathan was a good president. Who is blaming Rev. Mbaka for telling us that Nigeria actually met badluck and not Goodluck

    • Ebele Yucki

      so what is your presidiot buharia doing now, giving you bl.wj.b

  • Paul Young

    Niger delta avengers are fighting for greater control of oil blocs, yet when GEJ had oil blocs to award he didn’t see it fit to award to a Niger deltan, instead he awarded to two Yoruba men, some of the same people NDA is against now. What an irony

    • Tori Tautes

      Those people are crazy. The 2 weeks will soon be over. they should be ready for war since they asked for it.

    • Tanko Maihula

      What that has to do with their tribe? Are they stealing on behalf of yoruba people? this’s one of our greatest problem in Nigeria. instead of looking at things that are purely criminal. we end up bringing tribal or regional difference. When they gather to steal our commonwealth they careless about their tribe of religion, it’s only when they lost out, that’s when they will remember their ethnic block or region.
      My broda, THEY ARE CRIMINAL PURE AND SIMPLE, regardless of their faith, tribal or regional location.

      • Sammy

        Thank you very much. They were not awarded those oil blocks because they are Yoruba. They were awarded them because they were the ones those in power had a deal with. These people don’t check tribe or religion when they want to steal, that I can assure you of

      • FEMI A

        Thank you for your fine reply. May be some people need to check FFK debacle and others who are serving their own interests not Yoruba.

    • Hackers Associates

      Stop putting your foot in your mouth. Had GEJ awarded oil blocs to Niger Deltans people like you would have vilified himand called him a tribalistic leader. Get serious and get honest. The fact that he awarded it to two Yoruba men and yet the Yorubas voted against him goes to show what he was up against- a bunch of ingrate with an innate genetic disposition for ultimate betrayal.
      I SHALL REMAIN COLONEL MARIAM

      • wazobia scatter!!!!!!

        keep quiet …………….. the hausas that awarded multiple oil blocs to themselves have not been killed by anyone instead your ijaw folks keep whining about their citizens not owning any bloc…………… yorubas never benefited from those two men and obviously,they were ebele/dieziani’s fronts ………… whatever sweetheart deals given to them were purely for diezani/ebele’s ultimate PERSONAL benefit not because they merited it or were qualified ………. don’t try to mix it up …………………. yorubas are not ijaws …….they are far wiser and could never have voted for ebele based on his very personal relationship with kola and jide ………….the duo NEVER even bothered to campaign for him even if they contributed to financing his campaign ……………they were too bust popping champagne with leonardo di caprio ………………..the crap …………………..

      • Paul Young

        Why will I call him a tribalism leader? 1) Niger deltans are just as qualified as anyone else to own oil blocs. 2) I am from the Niger delta.
        My point to my argument is it doesn’t matter who owns the oil blocs. What matters is that the country at large should benefit from the proceeds and there should be transparency. NDA should stop fooling themselves

      • New Nigerian

        He did not award oil block to the Yorubas…he awarded oil blocks to 2 Yoruba men – to front for him in a criminal enterprise – and I bet they voted for him. So why are you hating on the general masses that were victims of his misadventures?

    • wazobia scatter!!!!!!

      GBAM!!!!

  • Otile

    How can anybody in his right senses say that Islam is still a religion of peace? A Canadian held by the Islamist group Abu Sayyaf in the Philippines has been killed, media reports say. Robert Hall was kidnapped in September along with three other hostages from Canada, the Philippines and Norway. Mr Hall was killed on Monday after a deadline for a ransom expired, security sources told Canadian broadcaster CBC and Philippine news website Rappler. Canadian Prime Minister Justin Trudeau said he believed it was “likely” that Mr Hall had been killed by his captors. “It is with deep sadness that I have reason to believe that a Canadian citizen, Robert Hall, held hostage in the Philippines since September 21, 2015, has been killed by his captors,” Mr Trudeau said in a statement. Abu Sayyaf had previously demanded a multi-million dollar ransom. The Philippine and Canadian governments are opposed to paying ransoms for hostages. Instead, the Philippines have launched military operations against the militant group.

    • Pat

      Your tactics of distracting people from subject matter of discussion will continue to fail.

    • wazobia scatter!!!!!!

      your ijaw dunce awarded oil blocks to yorubas instead of his ijaw folks ………………….. let me dare hear you complain of “marginalization” of the niger delta by northerners again ………………….unam ……………………….

    • marc umeh

      Why are you worried about Philippines when nigeria is burning ?

    • Rommel

      Abu Sayyaf has also been described if indeed you wished to be sincere by experts as not being an Islamist organization but rather a group of criminals using Islam as recruiting tool whose main aim is piracy,drugs smuggling and kidnapping for ransom

      • Julius

        Otile has no interest in the truth. Thanks for pointing that fact out. Good, decent people must speak up when evil men are spreading false rumors .

    • Tayo Patriot

      Do you know about the lords resistance Army that has killed and maimed hundreds of thousands in Uganda under the guise of establishing a christian state in that country .Then tell us if christianity is a religion of peace if we base our judgement on the activities of the Lords Resistance esistance Army.

    • Abdulmojeed Nojeemdeen

      Kidnappers in the south south are also Muslims,Henry awka who masterminded the Oct 1st abuja bombing was also a Muslims George bush who deliberately killed innocent Muslims are also Muslims,liar

  • share Idea

    …”The government is also asking the court for an order to “confiscate within seven days of all sums of money and negotiable instruments of credit of the defendants domestic accounts held in 19 domestic banks. The government estimated the total sum held by the defendant to be $1.76 billion.”…. does it mean the government will not apply to absorb all the liability of the companies too.

  • favourtalk

    This should be done on time to help recover our money from those that stole them away from the country pulse

  • Rommel

    My pain is not that these people stole or whatever but what they did with their loot,had they used this to open sensible investments in Nigeria,I would today have asked that we tread cautiously but how can I support this kind of stupidity?stealing from your own people,impoverishing them and going to live large in other people’s country,what kind of people are these?

    • New Nigerian

      Ineffectual buffoons – that is the kind of people they are. Perpetual parasites and low lives!

  • UOU

    Then what happens to all other oil block owners like danjuma, atiku, otedola, adenugu, tinubu etc? yoruba press supporting hausa/fulani govt, we would see where it will land the country. Anyway, same newspaper trial, in the end now, efcc will keep reducing the charges till non would be left then they will shift the blame to the judiciary, in connivance with their internet arm of anti corruption group, full of hate, lies, propaganda and mischief

    • New Nigerian

      Do you not know that the assets in question are in the name of a Northerner – Jide Omokore and a Westerner – Kola Aluko? So what are you protesting?

      • UOU

        Your cup of tea

      • Abdulmojeed Nojeemdeen

        ROTIMI Amechi is also a westerner or norherner

  • share Idea

    When Danjuma was given oil well, please can someone tell us how many barrels of oil it was producing then. Is the FG requesting for freezing of the account because small amount was paid for the oil wells that were given or that the companies did other things that are wrong.

    When MTN broke the law of the country, they assets were not frozen rather a fine was imposed, why freezing company account without telling the nation what the company did wrong. When CBN told the whole world that Dangote is free to source its foreign exchange at official rate while so many Nigerians are not given such privilege, what do we call it. If the government want us to believe all these charade as genuine efforts of fighting corruption, they should tell us the whole truth and allow the citizens to make informed judgement.

    I will ask again, does it mean that GEJ and Dezeani do not like wealth that they were giving all these privileges to other people without enriching themselves like other past people that had such opportunity. Buhari and his government should tell us another story. How is the budget implementation going though? I thought the government said that once the budget is passed everything will become normal. Have they released the 350B naira as promised to stimulate the economy.

    Just before I forgot, please can someone confirm that construction company have returned to site on Lagos/Ibadan express way as promised by Fashola last week or has NDA prevented them from returning to site. Nigeria we hail thee

    • Rommel

      The license of MTN was legitimately acquired,Dangote was building a refinery in Nigeria which is an investment the FG has interests in,governments all over the world give incentives to investors,Danjuma’s oil well had problems with OBJ administration,as a matter of fact,OBJ criticized it publicly and seized it only for courts to return after same ascertaining that it was secured legitimately,

      • share Idea

        Clap for yourself….

    • monica

      maybe you do not even know that Omokere is a Northerner also. maybe you think is a South South man and that is why you are writing this rubbish.

    • Abdulmojeed Nojeemdeen

      Why are they on the run and not come home to defend the source of their wealth

      • share Idea

        Please can you tell us who and who is on the run?. Omakere is in EFCC detention without charge and same with Aluko. For Dezeani it is even known to a 10 year old that she is undergoing Cancer treatment in UK. In addition, Nigerian government have not charged her to court.

        EFCC raided her property in her absence, and the best they could come up with, was that she has property worth billions of naira and that her jewellery is also worth billions of naira. I thought Sanusi and his like said that over $49B was missing from NNPC. Since Buhari came onboard, we have been waiting for his own report of the missing billions. Sanusi served CBN and there were allegations by FRC against him, has Buhari ordered EFCC to invade his house – No, please can you provide justification for this persecution.

        Did you know that Sanusi gave contract of 5B naira to El-Rufai for CBN work without following due process, has that been investigated by Buhari – no, because the people involved are from part of the country that can do anything and get away with it. Nigeria we hail thee

  • Tayo Patriot

    Do you know about the Lords Resistance Army that has killed and maimed hundreds of thousands in Uganda under the guise of establishing a christian state in that country. Google and read about it, then tell us if christianity is a religion of peace.

    • Ebele Yucki

      do you know about isis, Hezbollah, Islamic jihad, alqeada, ayatollah khomeni, Janjaweed militia, bokoharam, Fulani herdsmen and the others, please tell me which religion they are from and if islam is a religion of peace mbok

      • Pat

        You must just be waking up from sleep, you’re off context.

      • Abdulmojeed Nojeemdeen

        Type now on your phone for Google to search for you, wars in the holy Bible,you will know why ,bokoharam,Isis,alkaeda,janjaweed,are all Christians

    • Pat

      You are just a war monger! You allowed the leaders to manipulate your senses through religion differences to continue their looting of public funds. Fight the common enemy of Nigeria development, corruption.

  • javscong javscong

    I am afraid that this move is coming rather too late. We are dealing with first class rogues and ought to have anticipated their every move. I recall that SR reported that Kola Aluko had sold the Sorbonne property in Los Angeles for much less than he paid for it, just to make a quick get away. Same would have happened to most if not all the other foreign assets. Let the government seek the order but we must not expend too much scarce resources in trying to secure these foreign assets. Rather, we should go after every thing they have in Nigeria, prosecute them and jail them for 30-50 years so they NEVER get out of jail to “enjoy” their loot.

    • Adewumi Adegbenro

      If these guys were Americans, I tell you the truth, they will get nothing less than 100 yrs imprisonment.

  • Burning Spear

    Asset forfeiture is the most blatant violation of your constitutional rights that exists on the books today. It allows the government to take all of your money and properties without even charging you with a crime and it’s all legal. They’re just counting on you to not have enough $ abroad to fight back–Sadly the neite money came from the south south

    • Uzoma John

      So, desist from stealing public funds, if you don’t want asset forfeiture. Devil’s advocate.

  • separation is the answer-

    Bola Ahmed Tinubu Net Worth And

    Properties

    These are the purported choice properties said to

    belong to the chieftain of APC and former Governor

    of Lagos State, Asiwaju Bola Ahmed Adekunle

    Tinubu.

    1. 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.

    2. The prime land of 157 hectares with 2.5km of

    Atlantic beachfront valued at about N10Billion.

    READ ALSO: Officials of Indorama, Intels, insist

    Wike duped them over repair of East/West Road

    3. He paid $20Million [N4.4Billion] to Ibukun

    Fakeye to commence the project in late 2006.

    Fashola was said to have released additional

    funding for this project when he was in power as

    Lagos State Governor.

    4. The 14 hectares Parkview Ikoyi Estate foreshore

    land reclaimed by Lagos State Government is also

    believed to be owned by Ahmed Bola Tinubu and

    its valued at N3Billion.

    5. The annex of the Lagos State Guest House in

    Asokoro, Abuja bought by the State Government in

    2006 for N450Million to protect the main house

    from security breach. Shortly after he left office, the

    property was transferred to him under the Lagos

    State pension plan as part of his pension as

    former governor of Lagos State.

    6. 4, 0yinkan Abayomi [formerly Queens] Drive,

    g developed as Royal Garden

    Housing Estate.

    9. Tinubu also owns some first class luxury cars,

    one of them is G-Wagon said to worth N600

    Million and built with bullet proof and bomb

    detector apparatus as well as surveillance

    cameras.

    READ ALSO: Self Promotion: Customs in massive

    de-ranking of officers

    10. He also acquired for himself sophisticated

    private jet worth $60Million.

    One of the Tinubu’s private jet, Bombardier

    Challenger worth $60Million

    The interior of the Tinubu’s Bombardier Challenger

    11. The choice property at Lekki- Epe road on

    which he built the multi- billion naira Oriental

    HOTEL AND the extension of a multi storey car

    park beside it is said to worth N120Billion together

    with the hotel.

    Oriental HOTEL

    12. A Multi-level recreation center by Mobil in

    Oniru Estate on Lekki-Epe Expressway jointly

    owned with ARM and Tunji Olowofe is said to

    worth N25Billion.

    13. Another 3.8 hectare of land at the Lagos State

    Fisheries Office in Victoria Island valued N3Billion

    is also his property.

    14. The Fishery Landing jetty at Badore [where the

    Ilubirin fishermen were to be relocated] valued at

    N500Million is another choice property of Mr

    Tinubu.

    15. The entire Ogudu foreshore scheme valued at

    N5Billion. Adding to the Bola Ahmed Tinubu Net

    Worth.

    16. The Ilubinrin housing estate [which used to

    house Lagos State civil servants and judges up till

    2007] worth N2.5Billion has been since acquired

    by Mr. Bola Ahmed Tinubu.

    17. The former Julius Berger yard at Oko Orisan,

    Epe valued at N450Million.

    18. Tinbu’s wife, Remi Tinubu, built the massive

    New Era foundation youth camp at the junction of

    Eleko, off the Lekki-Epe express road which is also

    part of Tinubu’s wealth.

    19. TVC Radio Continental is owned by Bola

    Ahmed Tinubu as part of his media investments.

    These two media outfits is valued at N2.6Billion.

    20. Oando Oil which is manged by his younger

    brother, Wale Tinubu is in reality owned by Bola

    Ahmed Tinubu himself. This oil and gas company

    with revenue of ₦449.8 Billion and total equity of

    ₦162 Billion is the largest indigenous oil company

    in Nigeria.

    With shares and interest in hundreds of other

    businesses and interests, Bola Ahmed Tinubu Net

    Worth is estimated to be N10Trillion

    • Pat

      Bola Tinubu was never the president of Nigeria. We will give our opinion on him if the state he governed bring up charges against him and release any atrocity he committed out to public domain. The issue now is on going probe of Jonathan, the ex president of Nigeria by his successor. Jonathan handed over looted treasury to Buhari, and Buhari has decided to investigate and authenticate the true state of Nigeria treasury and why and how we are having nearly empty treasury. The manifesting revelations are strongly suggesting that Jonathan duped Nigerians and deliberately thrown the common Nigerians into abject poverty that could last for ever except by drastic economy policies with discipline on the part of government and the citizens. Tinubu you’re talking about was investigated by the same looter, Jonathan and he found him not guilty. If you have any problem with that, take Jonathan responsible. You can only make sense if you can be sincere and give your candid opinion on the outpouring and continuous revelations of Jonathan corrupt acts and the looting of Nigeria treasury by him and his aides.

    • Abdulmojeed Nojeemdeen

      You are a shame

  • Shorte & Sharpe

    • Arraign ex-president Goodluck Jonathan and his proxy – Jide Omokore –

    for prosecution on criminal negligence, conspiracy and theft over a

    whopping $4.5 billion dollars found in Jide Omokore’s pocket.

    • Bade O. Elliot

      @Uzoboy:disqus

      He hides in shame but sends folks out to beg President Buhari to be spared.
      Emeka Anyaoku who ran that fool’s errand lost his reputation as accomplice.
      Like a crooked child stealing meat from a pot, Goodluck Jonathan unravels.

      He started out as a destiny-favoured chap and ended up in infamy like a thief.
      The ruling PDP party he destroyed with his messes agrees to his prosecution.
      His wife too does not speak out in his defence over alleged multi-billion thefts.
      An only companion is his fellow criminal; Jide Omokore, with whom he looted.

  • Dr Pat Kolawole Awosan

    Assets of all former president Goodluck Ebele Jonathan and his former oil minister,Mrs Diezani Alison Madueke and their criminal associates like Jide Omokore,Kola Aluko,with others who were connected with their nefarious criminal activities while in power in Nigeria,must all be confiscated by Nigerian Federal Government,in order recover part of our stolen national wealth.

    • IZON Redeemer

      Ibo man stop using fake Yoruba names to post comments————–u are becoming a disgrace to your ethnic group—– with your dirty demonic acts———Fresh findings have revealed that Chibuike Amaechi, the immediate past governor of Rivers state and current minister of transport, allegedly acquired and diverted not less than N40 billion of the state funds into the presidential campaign of the All Progressives Congress (APC). According to SIGNAL, an online medium, the minister plunged the huge amount into the campaign which saw the emergence of Muhammadu Buhari as president, emerging details are revealing. Sources informed Rivers State’s treasury was emptied into private concerns of the former governor as well as the APC presidential campaign.

      • Abdulmojeed Nojeemdeen

        The usual ma dness.Amechi and Jonathan former aid,Any correlation? You dey kreiz

  • Peter_Edo

    I think EFCC has been compromised… Jide and Kola both owned G5s but we don’t see that here. Jide and Kola were responsible for a big part of the missing $20 billion according to Sanusi at the time, but here we are seeing a paltry $1.46 billion… EFCC we are watching!!!

  • Islander

    Ok, they will seize the assets and then Buhari & Co will tell Nigerians they can’t disclose who they seized the assets from. The word ‘TRANSPARENCY” is missing from the APC dictionary.

    • Pat

      Learn how to fight the right fight at the right time! We need the assets seized and confiscated by government.

    • Abdulmojeed Nojeemdeen

      So you don’t know who that money has been seized from? Abeg gar out aia. Nonen TT

  • vagabonds in power

    Asset forfeiture is the most blatant violation of your constitutional rights that exists on the books today. It allows the government to take all of your money and properties without even charging you with a crime and it’s all legal. They’re just counting on you to not have enough $ abroad to fight back–Sadly the neite money came from the south south

    • Pat

      But, is it really their money? Just be sincere with yourself!

    • Abdulmojeed Nojeemdeen

      And stolen by the south Southerner.

      • igboham

        how do you steal your money?

        • Abdulmojeed Nojeemdeen

          Igbo man + corruption=?

          • igboham

            Fulani man + violence = ?

          • Abdulmojeed Nojeemdeen

            =Igbo madness

          • igboham

            = Fulani armed robbery and parasitism.

          • Abdulmojeed Nojeemdeen

            ×greed=drug pedlar

          • igboham

            In my country Fulanis will be called free loaders – just seize power and go to Abuja to collect money stolen from other people’s land and sweat. You produce absolutely nothing to Nigeria outside violence and corrupting others. What positive thing do you contribute? Zero

  • start from 9ja

    Bola Ahmed Tinubu Net Worth And

    Properties

    These are the purported choice properties said to

    belong to the chieftain of APC and former Governor

    of Lagos State, Asiwaju Bola Ahmed Adekunle

    Tinubu.

    1. 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.

    2. The prime land of 157 hectares with 2.5km of

    Atlantic beachfront valued at about N10Billion.

    READ ALSO: Officials of Indorama, Intels, insist

    Wike duped them over repair of East/West Road

    3. He paid $20Million [N4.4Billion] to Ibukun

    Fakeye to commence the project in late 2006.

    Fashola was said to have released additional

    funding for this project when he was in power as

    Lagos State Governor.

    4. The 14 hectares Parkview Ikoyi Estate foreshore

    land reclaimed by Lagos State Government is also

    believed to be owned by Ahmed Bola Tinubu and

    its valued at N3Billion.

    5. The annex of the Lagos State Guest House in

    Asokoro, Abuja bought by the State Government in

    2006 for N450Million to protect the main house

    from security breach. Shortly after he left office, the

    property was transferred to him under the Lagos

    State pension plan as part of his pension as

    former governor of Lagos State.

    6. 4, 0yinkan Abayomi [formerly Queens] Drive,

    g developed as Royal Garden

    Housing Estate.

    9. Tinubu also owns some first class luxury cars,

    one of them is G-Wagon said to worth N600

    Million and built with bullet proof and bomb

    detector apparatus as well as surveillance

    cameras.

    READ ALSO: Self Promotion: Customs in massive

    de-ranking of officers

    10. He also acquired for himself sophisticated

    private jet worth $60Million.

    One of the Tinubu’s private jet, Bombardier

    Challenger worth $60Million

    The interior of the Tinubu’s Bombardier Challenger

    11. The choice property at Lekki- Epe road on

    which he built the multi- billion naira Oriental

    HOTEL AND the extension of a multi storey car

    park beside it is said to worth N120Billion together

    with the hotel.

    Oriental HOTEL

    12. A Multi-level recreation center by Mobil in

    Oniru Estate on Lekki-Epe Expressway jointly

    owned with ARM and Tunji Olowofe is said to

    worth N25Billion.

    13. Another 3.8 hectare of land at the Lagos State

    Fisheries Office in Victoria Island valued N3Billion

    is also his property.

    14. The Fishery Landing jetty at Badore [where the

    Ilubirin fishermen were to be relocated] valued at

    N500Million is another choice property of Mr

    Tinubu.

    15. The entire Ogudu foreshore scheme valued at

    N5Billion. Adding to the Bola Ahmed Tinubu Net

    Worth.

    16. The Ilubinrin housing estate [which used to

    house Lagos State civil servants and judges up till

    2007] worth N2.5Billion has been since acquired

    by Mr. Bola Ahmed Tinubu.

    17. The former Julius Berger yard at Oko Orisan,

    Epe valued at N450Million.

    18. Tinbu’s wife, Remi Tinubu, built the massive

    New Era foundation youth camp at the junction of

    Eleko, off the Lekki-Epe express road which is also

    part of Tinubu’s wealth.

    19. TVC Radio Continental is owned by Bola

    Ahmed Tinubu as part of his media investments.

    These two media outfits is valued at N2.6Billion.

    20. Oando Oil which is manged by his younger

    brother, Wale Tinubu is in reality owned by Bola

    Ahmed Tinubu himself. This oil and gas company

    with revenue of ₦449.8 Billion and total equity of

    ₦162 Billion is the largest indigenous oil company

    in Nigeria.

    With shares and interest in hundreds of other

    businesses and interests, Bola Ahmed Tinubu Net

    Worth is estimated to be N10Trillion

    • monica

      Shame on You. evil men!!. So you are very happy that the common wealth of Nigeria was vandalized by few people. Tufiakwa. Shame on you again. Bringing up irrelevant things to divert attention. even if you are paid sure-P money ,think about your children.

    • Pat

      Failed detractor!

    • Abdulmojeed Nojeemdeen

      Face the issue and stop this lunatic distraction. Are you cra z y ?why unnecessary distraction

    • muazu wali

      Where do we go from here! What next!

  • Comfortkay

    PDP has finished Nigeria completely.