Bola Tinubu linked to drugs trafficking, fraud, and money laundering–Daily Beast report

The presidential candidate of the APC ,Bola Ahmed Tinubu has a very corrupt history dotted with issues of deep corruption, money laundering  and drug trafficking that trails from West Africa to the USA.

According to a Daily Beast article published in 2015, Bola Tinubu is a former bagman for two heroin traffickers and had to forfeit nearly half a million dollars to the U.S. Treasury Department after being named as an accomplice in a white heroin-trafficking and money-laundering ring that stretched from West Africa to the U.S. Midwest.

According to the Daily Beast, Tinubu’s take home as a Mobil Oil Nigeria executive was a mere $2,400 a month and he claimed not to have any other revenue streams.

His source of wealth still remains hazy.

‘’Although his case has been bandied about the Nigerian press for years, Tinubu’s involvement in a federal drug and racketeering investigation waged jointly by the DEA, FBI, and IRS has gone unreported elsewhere, even after his ascendance to Karl Rove-like status last month. A recent gauzy Financial Times profile of him, for instance, neglected to mention that two decades ago Tinubu was identified as a bagman for two Nigerian heroin movers who operated out of Chicago and Hammond, Indiana. They were Adegboyega Mueez Akande and Abiodun Agbele, Akande’s nephew, who was exposed to law enforcement after selling white heroin first to Lee Andrew Edwards, another dealer later jailed for trying to murder a federal agent, and then to an undercover cop’’

The Daily Beast narrated how Tinubu’s wife ,Oluremi Tinubu also had links with the bank accounts used by those drug taffickers.

The reports continues ,

‘’In 1989, Moss said in an affidavit, Tinubu established an individual money market account, into which he deposited $1,000 in traveler’s checks, and a negotiable order of withdrawal account (NOW) at First Heritage Bank in Country Club Hills, Illinois. The address Tinubu gave the bank was the same as the listed headquarters of Globe-Link International, the front company owned by Akande and his relatives’’

 

‘’Bank employees told Moss that Akande had personally introduced them to Tinubu in December 1989 when who also opened a joint checking account with his wife, Oluremi Tinubu, who already kept a joint account with Akande’s wife at First Heritage. Five days after the NOW account was opened, $80,000 was wired into it from a bank in Houston maintained by one of Akande’s relatives. Tinubu would later use the NOW account to buy a $10,000 Certificate of Deposit for an $8,000 car loan, listing Akande as his cousin on the application.’’

 

‘’At the time, Tinubu’s take home as a Mobil Oil Nigeria executive was a mere $2,400 a month and he claimed not to have any other revenue streams. Yet he still managed to deposit $661,000 into his individual money market account in 1990 and then another $1,216,500 a year later. He also opened more accounts with Citibank in its worldwide personal banking unit, transferring over half a million dollars from his First Heritage money market account into one of them in early 1991.’’

The job description and his role at the organization he worked for did not involve the transfer of large sums of money as was traced to him, so the discovery was significant. 

‘’Mobil Oil Nigeria told Moss that Tinubu’s  role at the company never involved transferring large sums of money between banks and that it didn’t keep deposits in any institutions in the south suburbs of Chicago, where First Heritage was based. 

”Mobil Oil Nigeria told Moss that Tinubu’s  role at the company never involved transferring large sums of money between banks and that it didn’t keep deposits in any institutions in the south suburbs of Chicago, 

where  First Heritage was based.Moreover,although Tinubu moved back to Nigeria in 1983,he neglected to file U.S income tax returns after 1984,despite having sizeable interest-generating deposits in American banks

All of this was enough to persuade a magistrate judge of the Northern District to issue seizure warrants for Tinubu’s First Heritage and Citibank accounts. Collectively, more than $1.4 million belonging to the Nigerian was confiscated.’’

‘’Tinubu gave differing accounts for his wealth to Moss. In one phone call from Nigeria, shortly after the U.S. Treasury seized his money, he admitted to wiring $100,000 to Akande’s Houston bank account and to receiving the $80,000 from Akande into his First Heritage account. Tinubu also said that apart from one other account in Fairfax, Virginia, he had no other money stashed in U.S. banks.’’

He is unlikely to talk about fighting corruption -Bloomberg

 

Also in a recent report  Bloomberg,narrated how Bola Ahmed Tinubu was fingered in a heroine trafficking crime in the USA for which he had to forfeit about half a million dollars .

‘’In July 1993, when Tinubu briefly served as a Nigerian senator, the US government filed a forfeiture lawsuit in Chicago against bank accounts in his name, claiming there was “probable cause” to believe they held the proceeds of heroin dealing. The case followed a probe by the Internal Revenue Service and other agencies into a trafficking network involving Nigerian suppliers.

The IRS secured warrants in January 1992 to seize almost $2 million, according to court filings. While living in Chicago between 1989 and 1991, Tinubu had deposited more than $1.8 million into one of the accounts, before transferring large sums to another bank, according to the US government’s complaint. While disputing the US’s reason for targeting the accounts, Tinubu settled in September 1993, agreeing to give up $460,000 to the US government in exchange for the release of the rest of the money. Tinubu wasn’t indicted over the matter.’’

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