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Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos - Politics - Nairaland

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Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Larufa(m): 3:50am On Dec 15, 2012
The massive looting of Lagos state by the Leader of the Action Congress of Nigeria, Asiwaju Bola Tinubu has reached monumental proportion. Tinubu whose companies recently conered a multi billion road construction job in Ogun State, has in his pocket all the juicy contract in all the Action Congress’ states.
In retrospect, it might be difficult to come to terms with the fact that an individual could hold the entire south west to ransom. There is no doubt that Tinubu has succeeded in buying the Lagos State government, and he has done this using government funds.
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Whenever someone in Lagos begins to wonder where their 4th mainland bridge went, or what was the fate of the pipe-borne water project, or even where the schools and hospitals had vanished to, there is a silence that contains it all. The largest landlord in Lagos has done as he has pleased, and the rest of the state just has to deal with it. For instance: Number 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.
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.
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.
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.
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.
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.
The 14-hectare Parkview Ikoyi Estate foreshore land reclaimed by Lagos State Government is now owned by Bola Tinubu.
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.
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.
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.
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.
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.
It took several months of horse trading and underhand payments before Fashola could allow the new owners of 1004 flats to redevelop the complex. 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.
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.
Tinubu solely 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.
Eludoyin, fronting for Tinubu, built the estate directly opposite Goshen Beach Estate in Lekki area.
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.
Tinubu owns the Fara Park Estate and the Beach Wood Estate both in Lekki.
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.
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.
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.
(b) Rauf Aregbesola, Osun State Governor, who was a former Commissioner in Lagos as well as Muiz Banire, also a former commissioner, got detached houses at Ladoke Akintola Street, GRA Ikeja for their “good job” while serving under Tinubu.
(c) Yemi Cardoso and Wale Edun, both former commissioners, were sold houses on Iru Close, and another location in old Ikoyi at give-away prices by Tinubu.
Source: http://pointblanknews.com/pbn/exclusive/tinubus-massive-looting-of-lagos-uncovered/

2 Likes

Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by achi4u(m): 4:07am On Dec 15, 2012
Why is it that this old-cargos that has been milking this nation dry for sometime now hadly get tired of dirty deals? imagine a man that have ruled that state for past 8years still need more money to embezzle?
Fashola mighty be preparing himself for(with public cash) a more bigger position in this country.
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by luvinhubby(m): 7:05am On Dec 15, 2012
It's even worse than this, wait till ACN loose Lagos in 2015, that is when the concealed rot will be exposed.
Despite it's massive IGR, Lagos is the most indebted state in Nigeria.
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Pygru: 1:12pm On Jul 12, 2013
Nawa oo
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Pygru: 1:22pm On Jul 12, 2013
Ewww
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Nobody: 1:43pm On Jul 12, 2013
The Big Story now is

JONA. Plus HIpO Patience plus John Bipi Cena-----------

Jona must be IMPEACHeD NOW!!!!!!!

NO to Diversionary tactics....
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by solomon111(m): 1:45pm On Jul 12, 2013
Lol.
I won't be surprised if Tinubu is richer than dangote.
Bunch of unrepentant criminals.
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by solomon111(m): 1:49pm On Jul 12, 2013
Kamanda: The Big Story now is

JONA. Plus HIpO Patience plus John Bipi Cena-----------

Jona must be IMPEACHeD NOW!!!!!!!

NO to Diversionary tactics....
Buhari should go and force GEJ out,and let us see if Nigeria would be governable for him.
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by mike404(m): 1:50pm On Jul 12, 2013
NO MUSLIM WILL RULE LAGOS AGAIN
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by mike404(m): 1:51pm On Jul 12, 2013
OYA MAKE UNA ATTACK ME
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Nobody: 1:57pm On Jul 12, 2013
Where is the source of this rubbish

1 Like

Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Pygru: 2:48pm On Jul 12, 2013
Kamanda: The Big Story now is

JONA. Plus HIpO Patience plus John Bipi Cena-----------

Jona must be IMPEACHeD NOW!!!!!!!

NO to Diversionary tactics....
go impeach am na
wubish!
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Nobody: 3:38pm On Jul 12, 2013
luvinhubby: It's even worse than this, wait till ACN loose Lagos in 2015, that is when the concealed rot will be exposed.
Despite it's massive IGR, Lagos is the most indebted state in Nigeria.

As much as I wud av loved to gloss over this lengthy epistle as a diversionary propaganda,one thing I would earnestly beg d purveyor of this so called monumental 'atrocities' by either Tinubu or Fashola is to package all d evidences if there is any and proceed to d EFCC an organization wc have bcum comatose of late 4 lack of something to engage it all dez wyl

What I detest is 4 pipo to come to forum such as dis to huff n puff with d sole aim of just discrediting an individual while tactically refusing to take d legally acceptable route of prosecution

Its people like this that will scream that Buhari is d grandfather of Boko Haram yet wil refuse to stage a 1 million man march to Aso Rock to bring out dia evidence to substantiate dia assertion that Buhari is a Boko Haram sponsor but are only contented wt saying such to smear his image 4d purpose of electioneering advantage!

Its d same approach dey av always brought when attacking Tinubu,Fashola or anybody that suits their fancy.

While Tinubu's source of wealth though jealously guarded by him remains d fact that he was 4 several years in d downstream department of Mobil hence knows d ins n outs of making money before even joining politics which is evident in his almost sole financial sponsorship of d then NADECO against d Abacha Junta.Apart from Tinubu,Ladoja also was in Shell for abt 23years infact Ladoja is a silent Billionaire most peopel don't kno he has about 4 ocean-going vessels on-lease wt NNPC wc are used to freight cargo abroad on FOB basis.how could Ladoja have single-handedly finance Accord party and its candidates wtout recourse to funding from anywhere same with Abiola Ajimobi who was d MD of National Oil now Conoil as Ajimobi left Shell SGS to National Oil

For the young at heart,it is wrong to think evri1 joined politics as paupers in order to make money.infact u must have bn successful n attain a certain pedigree in life to be a successful power broker which I think is d only sin Tinubu has committed

Tinubu has bn around since 2007 without immunity yet all that have bn alleged about him has bn nothing but empty,hollow,unsubstantiable personal attacks

Fashola on his own wil become a multi-millionaire after his tenure principally because of our revenue sharing formula which allows for SECURITY VOTES which d constitution doesn't ask anybody to come n account for except d monthly allocation

Evri of our politician according to d monetisation policy of d RMAFC has d right to buy or refuse to buy(first right of refusal) any accomodation being occupied at any point in time for a value of about 30%.But where I might have an issue is if d state or Nation is further short-changed below that legally allowed 30%.

So a house might av a face value of 600million but if a public officer is to buy it,he or she wil pay 200million! That is what your law says 4 now until it is repealed

We can shout,wail or scream as much as we cared but d law is an as s which our politicians always used to have their way
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Pygru: 3:54pm On Jul 12, 2013
REHOZIBAH:

As much as I wud av loved to gloss over this lengthy epistle as a diversionary propaganda,one thing I would earnestly beg d purveyor of this so called monumental 'atrocities' by either Tinubu or Fashola is to package all d evidences if there is any and proceed to d EFCC an organization wc have bcum comatose of late 4 lack of something to engage it all dez wyl

What I detest is 4 pipo to come to forum such as dis to huff n puff with d sole aim of just discrediting an individual while tactically refusing to take d legally acceptable route of prosecution

Its people like this that will scream that Buhari is d grandfather of Boko Haram yet wil refuse to stage a 1 million man march to Aso Rock to bring out dia evidence to substantiate dia assertion that Buhari is a Boko Haram sponsor but are only contented wt saying such to smear his image 4d purpose of electioneering advantage!

Its d same approach dey av always brought when attacking Tinubu,Fashola or anybody that suits their fancy.

While Tinubu's source of wealth though jealously guarded by him remains d fact that he was 4 several years in d downstream department of Mobil hence knows d ins n outs of making money before even joining politics which is evident in his almost sole financial sponsorship of d then NADECO against d Abacha Junta.Apart from Tinubu,Ladoja also was in Shell for abt 23years infact Ladoja is a silent Billionaire most peopel don't kno he has about 4 ocean-going vessels on-lease wt NNPC wc are used to freight cargo abroad on FOB basis.how could Ladoja have single-handedly finance Accord party and its candidates wtout recourse to funding from anywhere same with Abiola Ajimobi who was d MD of National Oil now Conoil as Ajimobi left Shell SGS to National Oil

For the young at heart,it is wrong to think evri1 joined politics as paupers in order to make money.infact u must have bn successful n attain a certain pedigree in life to be a successful power broker which I think is d only sin Tinubu has committed

Tinubu has bn around since 2007 without immunity yet all that have bn alleged about him has bn nothing but empty,hollow,unsubstantiable personal attacks

Fashola on his own wil become a multi-millionaire after his tenure principally because of our revenue sharing formula which allows for SECURITY VOTES which d constitution doesn't ask anybody to come n account for except d monthly allocation

Evri of our politician according to d monetisation policy of d RMAFC has d right to buy or refuse to buy(first right of refusal) any accomodation being occupied at any point in time for a value of about 30%.But where I might have an issue is if d state or Nation is further short-changed below that legally allowed 30%.

So a house might av a face value of 600million but if a public officer is to buy it,he or she wil pay 200million! That is what your law says 4 now until it is repealed

We can shout,wail or scream as much as we cared but d law is an as s which our politicians always used to have their way
story... Story.....
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by kingofpool: 4:08pm On Jul 12, 2013
i blame our shoeless ruler and him kpuf kpuf hand bag wife
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Pygru: 4:32pm On Jul 12, 2013
king of pool: i blame our shoeless ruler and him kpuf kpuf hand bag wife
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Nobody: 4:35pm On Jul 12, 2013
@ OP by the time Eko ile and his gang of 'APC' sympathisers invade this thread... Your mouth will reject meals for the next one week.
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by tpia5: 4:40pm On Jul 12, 2013
see what i was saying about the spambot?
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Pygru: 4:46pm On Jul 12, 2013
INNO18: @ OP by the time Eko ile and his gang of 'APC' sympathisers invade this thread... Your mouth will reject meals for the next one week.
grin grin grin
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Nobody: 4:49pm On Jul 12, 2013
Look at my signature.
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by dolphinife: 4:55pm On Jul 12, 2013
This OP is as daft as the 5 lawmakers of rivers state. Do you want to telll us that EFCC and ICPC are sleeping? What you are trying to imply is that Jonathan and his cohort are non-challant and bigot for not prosecuting Tinubu. I thought you should be alive when Tinubu was prosecuted and charged to court by EFCC. was he not discharged?

You are here spitting rubbish from your mouth, and yet, it doesn't take Jonathan nothing to sent a presidential jet prior to 2011 elections to take Tinubu to Abuja so that his favour can be bought. If Bode George could be jailed by the court, what's stopping the same process to happen to Tinubu?

Next time you want to talk, look at the pros and cons so that you don't shoot yourself at the foot. Is it a sin for someone to be an industrialist?
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Nobody: 5:34pm On Jul 12, 2013
dolphinife: This OP is as daft as the 5 lawmakers of rivers state. Do you want to telll us that EFCC and ICPC are sleeping? What you are trying to imply is that Jonathan and his cohort are non-challant and bigot for not prosecuting Tinubu. I thought you should be alive when Tinubu was prosecuted and charged to court by EFCC. was he not discharged?

You are here spitting rubbish from your mouth, and yet, it doesn't take Jonathan nothing to sent a presidential jet prior to 2011 elections to take Tinubu to Abuja so that his favour can be bought. If Bode George could be jailed by the court, what's stopping the same process to happen to Tinubu?

Next time you want to talk, look at the pros and cons so that you don't shoot yourself at the foot. Is it a sin for someone to be an industrialist?

Exactly my point! As much as I hate corruption n corrupt people,what I will not stand for is casting blanket aspersion on people in other to hang them or discredit them

If anybody has any shred of evidence against a public officer,don't come here and scream to high heavens,approach a fiery lawyer who is intent at making a name for himself n tell him all you know who will in turn go to either ICPC or EFCC

All dis Tinubu dis,Buhari dat wtout any deliberate effort to use hard,naked evidence to prove yr point is purile to say d least.
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Nobody: 5:39pm On Jul 12, 2013
Pygru:
story... Story.....

My comment sure sounded like a story to u cos its either u don't know all I have said hence they sounded incredulous or u re too young to know a bit of our history n personalities

You wil do well to be a bit open-minded n not just take evrityn u read frm d newspaper whose publishers all av political inclinations n economic agenda
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by ochukoccna: 5:50pm On Jul 12, 2013
mike404: NO MUSLIM WILL RULE LAGOS AGAIN
Do not bring religious sentiments to Lagos and the rest of Yoruba states
Religion is something Yorubas do not hold to heart in their families and politics
Keep your fuel that has been burning the North to yourself

luvinhubby: It's even worse than this, wait till ACN loose Lagos in 2015, that is when the concealed rot will be exposed.
Despite it's massive IGR, Lagos is the most indebted state in Nigeria.
What about salaries?
What about some projects?
What about security funding?
You really must be daft
The Niger Delta states get more funding than any other state yet apart from Akwa Ibom and Rivers which state is 'working'
Fashola is no saint (my opinion) yet he has not been observed to be prodigal like many a politician
If you believe all he this is a front,then forward your evidence to the authorities who'd gladly arrest him
Esp Abuja people
If you dont then please,shut your black oral cavity up
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Pygru: 6:17pm On Jul 12, 2013
ochukoccna:
Do not bring religious sentiments to Lagos and the rest of Yoruba states
Religion is something Yorubas do not hold to heart in their families and politics
Keep your fuel that has been burning the North to yourself


What about salaries?
What about some projects?
What about security funding?
You really must be daft
The Niger Delta states get more funding than any other state yet apart from Akwa Ibom and Rivers which state is 'working'
Fashola is no saint (my opinion) yet he has not been observed to be prodigal like many a politician
If you believe all he this is a front,then forward your evidence to the authorities who'd gladly arrest him
Esp Abuja people
If you dont then please,shut your black oral cavity up
story... Story...
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Nobody: 6:25pm On Jul 12, 2013
ochukoccna:



What about salaries?
What about some projects?
What about security funding?
You really must be daft

A little education will suffice here!

In d Ministries,Departments n Agencies(MDAs) d extant civil service rules stays that u must retire or return any unspent fund into d federation account at d end of any budgetary year

But 4 elected representatives or public officers-President,VP,Governors down to d Councillors u re not expected to return or account 4 how u spent yr security vote or allocation

It is dis security votes that turns people into Billionaires or Millionaires over night. infact it is d money that dem Godfathers used to ask dia surrogates or Godson to share wt dem like Adedibu n Ladoja of Oyo's state

Lagos,Rivers,Akwa-Ibom n d ND states gets security votes in billions alongside dia normal monthly allocations

After settling d police(OP-Mesa,RRS n wateva name dey bear),party chieftains n hangers-on,d left overs are simply pocketted by elected politicians from d president down 2d least elected person. A good example n departure frm d norm is Rochas Okorocha who pledged to use part of his 6billion annual security vote to subside education n all dat

So if u hear that a former governor buys a house of N1billion after his tenure,before u go into a fit of fury n conclude its our money they stole without any evidence linking it wt d monthly allocation...Ladies n Gentlemen,that person be he d governor or Senator or House of Rep member must have used his Security votes accumulated over time to buy such house which technically n in d eyes of d law is not ILLEGAL tho insensitive we myt say!

The only way out is 4 us all to insist that all monies be it d security and normal allocation be subsume under d appropriation law

Without that we wil all just be shouting 4 nothing!

1 Like

Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by kaze4blues(m): 6:27pm On Jul 12, 2013
I don't know why some people want to develop unnecessary hypertension over tinubu.


Tinubu is not a billionaire of yesterday. He became a senator as far back as the 1990's.

He worked as an accountant in Mobil corporation for several years where he became an executive and spent numerous years in the usa beforee returning back into the country.

He was also d governor of lagos state for 8 good years.


Tinubu is not in the category of small billionaires in nigeria.

He is an already made-man far before he became governor of lagos state.

He was one of the major financiers of NADECO during the regime of abacha.

By now if he is not a mega billionaire, then he should be scolded.

It will be better if you find facts about tinubu next time before you post baseless comments.

This might be of help for you:

en.m.wikipedia.org/wiki/Bola_Tinubu
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Pygru: 6:36pm On Jul 12, 2013
kaze4blues: I don't know why some people want to develop unnecessary hypertension over tinubu.


Tinubu is not a billionaire of yesterday. He became a senator as far back as the 1990's.

He worked as an accountant in Mobil corporation for several years where he became an executive and spent numerous years in the usa beforee returning back into the country.

He was also d governor of lagos state for 8 good years.


Tinubu is not in the category of small billionaires in nigeria.

He is an already made-man far before he became governor of lagos state.

He was one of the major financiers of NADECO during the regime of abacha.

By now if he is not a mega billionaire, then he should be scolded.

It will be better if you find facts about tinubu next time before you post baseless comments.

This might be of help for you:

en.m.wikipedia.org/wiki/Bola_Tinubu
story... Tory.....
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Gold2NairaCom(m): 6:56pm On Jul 12, 2013
Omo, na only 1 person get all dis properties?
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Pygru: 7:12pm On Jul 12, 2013
Larufa: The massive looting of Lagos state by the Leader of the Action Congress of Nigeria, Asiwaju Bola Tinubu has reached monumental proportion. Tinubu whose companies recently conered a multi billion road construction job in Ogun State, has in his pocket all the juicy contract in all the Action Congress’ states.
In retrospect, it might be difficult to come to terms with the fact that an individual could hold the entire south west to ransom. There is no doubt that Tinubu has succeeded in buying the Lagos State government, and he has done this using government funds.
.
Whenever someone in Lagos begins to wonder where their 4th mainland bridge went, or what was the fate of the pipe-borne water project, or even where the schools and hospitals had vanished to, there is a silence that contains it all. The largest landlord in Lagos has done as he has pleased, and the rest of the state just has to deal with it. For instance: Number 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.
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.
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.
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.
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.
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.
The 14-hectare Parkview Ikoyi Estate foreshore land reclaimed by Lagos State Government is now owned by Bola Tinubu.
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.
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.
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.
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.
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.
It took several months of horse trading and underhand payments before Fashola could allow the new owners of 1004 flats to redevelop the complex. 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.
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.
Tinubu solely 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.
Eludoyin, fronting for Tinubu, built the estate directly opposite Goshen Beach Estate in Lekki area.
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.
Tinubu owns the Fara Park Estate and the Beach Wood Estate both in Lekki.
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.
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.
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.
(b) Rauf Aregbesola, Osun State Governor, who was a former Commissioner in Lagos as well as Muiz Banire, also a former commissioner, got detached houses at Ladoke Akintola Street, GRA Ikeja for their “good job” while serving under Tinubu.
(c) Yemi Cardoso and Wale Edun, both former commissioners, were sold houses on Iru Close, and another location in old Ikoyi at give-away prices by Tinubu.
Source: http://pointblanknews.com/pbn/exclusive/tinubus-massive-looting-of-lagos-uncovered/
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Tobbie9(m): 10:41am On Jul 13, 2013
they are all THIEVES
Re: Can All These Be True: Fashola/tinubu’s Massive Looting Of Lagos by Acidosis(m): 12:39pm On Oct 08, 2014
Just to remind Nigerians grin


You can f00l the people, but you cannot f00l google grin grin

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