Breaking News
Probe Tinubu, Bisi Akande’s source of wealth -Ayo Adebanjo to EFCC
Chief Ayo Adebanjo, leader of the Yoruba socio-political organization, Afenifere, on Thursday called on the Economic and Financial Crimes Commission, EFCC, to probe Bola Tinubu, National Leader of the All Progressives Congress, APC, and Bisi Akande, APC founding member.
The Afenifere chieftain said EFCC should probe Tinubu and Akande’s sources of wealth.
Adebanjo also lambasted Chief Bisi Akande, for saying he (Adebanjo) pestered APC chieftain, Bola Tinubu, to build him a house in Lekki, where he now resides.
The 93-year-old Afenifere leader, who explained how he gathered funds to build his Lekki residence, also asked the Economic and Financial Crimes Commission to probe the sources of the wealth of Tinubu and Akande.
Adebanjo made the call at a press conference in Lagos on Thursday in response to the allegation made against him by Akande in his 559-page autobiography, titled ‘My Participations’, launched in Lagos last week.
“One day, Sir Olaniwun (Ajayi) was launching a book at Muson Centre, Lagos. After the book presentation, Tinubu said I should not go and that he would like to see me. We met in a small room where he also invited Sir Olaniwun Ajayi. ‘Papa, you can see that this document is old, Tinubu said as he handed over a big envelope to Ajayi. This is your C of O (Certificate of Occupancy)!’
“Tinubu told me later that after he presented Adebanjo’s C of O to him, Adebanjo was always pestering Tinubu until he helped built a house on the plot. The street was also named in honour of Adebanjo and he is living in that house now at Lekki Phase One,” Akande had alleged.
Reacting at the press conference, Adebanjo said it was shocking that Tinubu had yet to set the records straight on the allegation made by Akande despite that the former Lagos governor once praised him (Adebanjo) for his “incorruptibility and strength of character”.
Continuing Adebanjo said, “A lot has been said in the press and the social media to demolish tantrums. But I owe a duty to myself and to put the record straight for posterity about the big lie that Bola Tinubu built my house in Lekki for me. I therefore deny categorically that my house at Lekki was built with my resources through the sale of 3 developed properties, loan from GTBank and the sale of undeveloped landed property given me by my late leader Chief Obafemi Awolowo of blessed memory.
“The details are as follows:
“1. A 4 bedroom duplex with 2 bedroom flat enclosed with 2 undeveloped plots at plot 4, block 14, Nuru Oniwo Street, Aguda Surulere, Lagos State, this is where I was living before moving to Lekki. The house was commissioned in 1972 by Chief Obafemi Awolowo.
“A wing of the duplex was once occupied by a staff of the security outfit then known as “special branch” headed then by the late Alhaji M.D. Yussuf who later became Inspector General of Police when General Olusegun Obasanjo was the Head of State. It was later occupied by one of the wives Chief Pius Akinyelure, who often visit his wife there in company of Senator Bola Tinubu.
“The gate of this property was forced open by Abacha security forces when NADECO was holding a sendoff party for American ambassador Walter Carrington in my house, I took the Federal Government to court for damages and I was awarded #1million naira which has not been paid till today by the Federal Government, Mr. Olisa Agbakoba SAN, was my counsel. The house was sold to St Baths Aglican Church, Aguda, Surulere.
“2. Two storey building at Odedola Street, Surulere, Lagos State. I bought it through an Estate Agent by name Mr. Shiwoniku who has relocated to UK, he has a brother who is a legal practitioner in Abuja.
The house was sold to a Ghanaian by name Mr Akappo. He is still alive and he lives in one of the flat in the building.
“3. Four storey building with a warehouse on the ground floor and six flats on top. It was commissioned by Chief Awolowo in 1977.
I inherited the plot of 45’X100’ from my mother Salamotu Anomo-Adebanjo, who built a bungalow on it.
“She bought the land when I was in primary school in 1940 from one Pa. Idowu Onitiri for £20, which she paid by installment of £10, £7, £3. His son Akanbi Onitiri, executed the conveyance for me without extra payment after showing him the purchase receipts from his father, when I was developing it in 1976. Akanbi Onitiri is the father of Sumbo Onitiri, a well known estate surveyor in Lagos. The building was sold to a woman through an estate agent.
“I then took a loan from GTBank to complete the house in Lekki where I am living now. When the interest on the loan became unbearable, I was compelled to sell the undeveloped land given to me by Chief Awolowo in Dide-Olu Estate in Maroko Victoria Island. One Mr. Ade Otusanya a friend of my son Femi Ayo-Adebanjo bought the land.
“The contractor who built my Lekki house is Engr. Hakeem Sulaiman, Senior Partner of Messrs HA associates. The Electrical and Mechanical Contractor is Engr. Tokunbo Oshokoya, Senior Partner of Messrs Oshea Projects. The Architect is Mr. Deji Johnson. The Quantity Surveyor is the late Otunba T.B Adebayo.
“The Lekki property, the house in my village, Isanya Ogbo, and 3 Bedroom flat in a town house, at Omorinre Street in Lekki are the properties I have in the whole world.
“I hereby authorize the EFCC to verify the above facts.
“It is alleged that Chief Bisi Akande’s building at Ila-Orogun, which I understand is more than double in expanse of my house in Lekki and some other properties he has in Lagos and abroad were financed by Bola Tinubu. His house in Ibadan was also alleged to have been built by the contractor that built the secretariat in Osogbo, when he was the Governor of Osun State.
“I hereby challenge Chief Bisi Akande to clear the air by disclosing the source of financing these properties as I have done above.
“Asiwaju Bola Tinubu, the great philanthropist should also disclose the source of his wealth with which he bankrolled the elections of APC in the Southwest and that of General Muhammad Buhari and his various properties in Lagos. He should also authorize the EFCC to verify such details as I have done above.”
Breaking News
Tax Reform Expert Taiwo Oyedele Nominated As Minister Of State For Finance
President Bola Ahmed Tinubu has officially nominated Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Dr. Taiwo Oyedele as the new Minister of State for Finance.
Oyedele replaces Dr. Doris Anite-Uzoka, who has been redeployed to the Ministry of Budget and National Planning as Minister of State, her third portfolio in the administration.
The President on Tuesday conveyed Oyedele’s nomination to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio, according to a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, on Tuesday.
Until Tinubu nominated him as a minister, Oyedele from Ikaram, Akoko, Ondo State, was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.
The 50-year-old is an economist, accountant, and public policy expert who led the comprehensive overhaul of Nigeria’s tax system through the Presidential Committee on Fiscal Policy and Tax Reforms.
The committee, inaugurated in August 2023, delivered four executive bills that consolidated over 60 taxes into fewer than 10 statutes and introduced significant reforms, including zero income tax for Nigerians earning N800,000 annually or less.
The Tax Reform Acts, which became effective on January 1, 2026, also exempted small businesses with turnover below N50m from company income tax, capital gains tax, and development levy.
Other provisions include a 50 per cent tax deduction for companies hiring new workers for three years, a 50 per cent deduction for wage increases to the lowest-paid employees, and a five-year corporate tax holiday for agricultural enterprises.
Oyedele attended Yaba College of Technology, where he obtained a Higher National Diploma in Accountancy and Finance, before proceeding to Oxford Brookes University for a BSc in Applied Accounting.
He also completed executive education programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.
Oyedele spent 22 years at PricewaterhouseCoopers, joining in 2001 and rising to become the Fiscal Policy Partner and Africa Tax Leader before his appointment to head the tax reform committee.
He is currently a professor at Babcock University in Ogun State and a visiting scholar at the Lagos Business School.
As Minister of State for Finance, Oyedele is expected to oversee the implementation of the tax reforms he championed, particularly as the government seeks to improve revenue generation and deepen economic reforms.
Anite-Uzoka, who is being redeployed to the Ministry of Budget and National Planning, previously served as Minister of State for Industry, Trade and Investment before her appointment as Minister of State for Finance.
The Senate is expected to screen and confirm Oyedele’s nomination in the coming weeks, following which he will be sworn in to assume his ministerial duties.
The Finance Ministry, currently led by Wale Edun as substantive minister, oversees fiscal policy, revenue mobilisation, debt management, and economic planning.
Breaking News
Gospel Artiste Taiwo Adegbodu Of Adegbodu Twins Passes On
Taiwo Adegbodu, one half of the popular Nigerian gospel duo Adegbodu Twins, has passed away.
The tragic news was officially confirmed by his twin brother and musical partner, Kehinde Adegbodu, through a heartfelt post on the duo’s official Facebook handle.
In a heartfelt post, Kehinde conveyed his profound grief over the loss of both his brother and ministry partner.
He wrote: “TAIWO, why will you leave me and your kids without notification?
My heart is bleeding, Lord how do you want me to cope without him?
God why? This is too much for me to bear!!!”
Taiwo and Kehinde Adegbodu were renowned in gospel circles for their spirited worship sessions, twin-stage performances, and dynamic ministrations, which resonated with churches and Christian gatherings across Nigeria.
Their music and live performances earned them a devoted following, particularly in the South-West region.
As of the time of this report, the cause of Taiwo Adegbodu’s death and details of his funeral arrangements have not been disclosed.
Breaking News
BREAKING: Netanyahu Claims Signs Suggest Iranian Leader Khamenei Has Been Killed
Israeli Prime Minister Benjamin Netanyahu has stated there are growing signs that Iranian Supreme Leader Ayatollah Ali Khamenei has been killed following a massive joint military operation by Israel and the United States.
Netanyahu spoke in a televised address on Saturday evening saying that Israel’s military campaign in Iran will go on “as long as it is needed”, adding that the conflict will bring about “true peace”.
According to the Israeli leader, everyone knows that “such a murderous regime” should not have nuclear weapons that can “continue threatening the entire humankind”.
“We would like to thank the brave Iranian people, that they are being freed of those horrific ties with that regime,” he said.
He said that “Signs show that Khameini is no longer with us,” adding that airstrikes have destroyed Khameini’s compound.
“All indications show this tyrant is no longer with us,” he said.
This contradicts reports from the Iranian foreign ministry earlier claiming that the supreme leader and Iran’s president were both “safe and sound”.
Addressing the Iranian people, who he described as ‘courageous’, Netanyahu said the strikes will help them “unshackle themselves from tyranny”.
He said that Iranian people have a “once in a generation chance” to overthrow the Iranian regime, he said
He urged them to “take to the streets en masse” and “get the job done”.
It is “high time you came together” and “unite for a historic mission”, he said.
“This is an opportunity to do something. Do not sit with your arms crossed, because this moment will come and you will be demanded to go out of the streets in the masses, because you have to complete this work, and you have to bring down and eradicate this regime.”
Netanyahu said they managed to target senior members of Iran’s nuclear operation as well as senior officials.
-
News1 day agoWorld War III Fears: Zelensky Reveals Warning To Trump
-
News1 day ago2027 Shakeup: 12 Lawmakers Defect To APC, ADC
-
News2 days agoTensions Rise As Makoko Communities Vow To Resist Relocation Order
-
News23 hours agoTerror Surge: Tinubu Demands Results from Security Chiefs
-
News12 hours agoCorruption Probe: Court Grants ICPC Access To Data On El-Rufai’s Seized Gadgets
-
News8 hours agoMakinde Only In PDP Because He’s Not Seeking Re-election – Otitoju
-
News16 hours agoBeyond My Wildest Dreams: Disu Opens Up During Handover From Egbetokun
-
News7 hours agoCBN Bars Chronic Loan Defaulters from Accessing New Banking Services
