Questions bordering on why the United States has failed to probe Bola Ahmed Tinubu’s daughters, Zainab and Habibat for allegedly laundering cash in the North American country is trending....CONTINUE READING
The questions followed Bloomberg’s report about how Tinubu’s son, Oluwaseyi also paid an $11 million cash for a London mansion President Muhammadu Buhari’s administration was seeking to confiscate as part of a probe into one of the biggest corruption scandals in Nigeria…..CONTINUE READING
David Hundeyin, an investigative journalist had also revealed how Tinubu’s daughters paid $2.1m & $2.45m cash for apartments In New York as fresh graduates.
In one of his articles, Hundeyin wrote: “Two of the three youngest members of Bola Tinubu’s family have managed to escape scrutiny, mostly because Freedom Of Information in Nigeria is still more aspiration than fact. Not so in America, where a plethora of services can pull up all kinds of records including birthdays, criminal convictions and real estate transactions. Especially real estate transactions.
“Such as the ones where a 25 year-old with no known employment or source of income was able to pay $2,150,000 in 2014 for a deluxe condo at 55, Berry Street, Brooklyn, New York, NY 11249.
“Full and upfront cash payment, by the way. No mortgage. Or real estate transactions where the 25 year-old’s 22 year-old sister who was fresh out of music school with no known source of income, was able to pay $2,400,000 cash to buy a deluxe apartment at 255 Hudson Street, New York, NY 10013, using the 1-inch thick fig leaf that was a company she herself owned.”
Yesterday, after reports of Tinubu’s son, Seyi’s fraud-Linked mansion made waves, some one said: “We are told that a deposit of over $10,000 dollars would have the IRS sweeping around you. Told to declare money over $10,000 cash when traveling.
“So excuse me when I wonder how these monies are moved abiotic in cash forms and the securities in the western world keeps mute.”
David Hundeyin replied: “You’re asking the right questions. Because if you’re doing anything in America that requires a transfer exceeding $10,000, FinCEN will be all over you, and you will have SO MUCH PAPERWORK. Yet a 22 year-old unemployed fresh graduate was able to spend $2.5m cash on real estate.”
Another concerned Nigerian asked:“Does it mean the US and authorities in Europe are colluding with criminal Nigerians to launder cash?”
The international media company, Bloomberg added that there are documents showing that Oluwaseyi’s firm bought the $11 million London mansion…..CONTINUE READING
