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How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks (428 Views)

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How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks by ilovenicloe(f): 11:51am On Jun 25, 2022
Asiwaju Bola Ahmed Tinubu illegally took over Lagos State Governor’s Lodge, demolished it and spent over N25billion to remodel and furnish the former 5-bedroom detached house located at Oyinkan Abayomi, (formerly Queens Drive), Ikoyi, Lagos.

This is even as the former Lagos State Governor and leader of the All Progressives Congress, APC, allegedly lost over $500million stashed away in several banks in Lebanon.

Sources conversant with the deal Leaked that Tinubu had blackmailed former Governor Babatunde Fashola to award him the property which had long been the accommodation of previous Lagos State Governors.

After successfully arm-twisting Fashola to acquire the property, which was then worth N450million, sources confirmed that Tinubu then made Gov. Fashola to pay for the property using Lagos State government funds. The payment was said to have rolled over to immediate past Governor Akinwunmi Ambode.

It was gathered that as soon as the property was paid for, Tinubu immediately employed the services of Dori Construction and Engineering Company Limited, owned by an Israeli.

The Construction Company started the remodeling of the property, demolishing the 5-bedroom and putting up another building which has cost over N25billion to complete and furnish, according to a source who is a close ally of the APC National Leader.

Meanwhile, Tinubu is said to have lost over $500million laundered through his long-standing business partners and friends, the Chagoury brothers (Gilbert R. Chagoury and Ronald Chagoury) in Lebanese Banks following the collapse of that country’s economy. The Chagourys and Tinubu are co-owners of Hitech Engineering, a civil engineering company, at the heart of most construction works in Lagos and some South West states where Tinubu exercises his political influence.

Lebanon’s biggest banks, including Blom Bank BLOM.BY, Bank Audi AUDI.BY, Byblos Bank BYB.BY, Bank of Beirut BOB.BY and SGBL (Societe Generale De Banque Au Liban SAL), all ran into trouble following the country’s economic meltdown in early 2020.

Blom Bank, one of Lebanon’s largest, had lowered its weekly withdrawal ceiling from $2,500 to $500 for depositors with less than $100,000 in their accounts. At Bank Audi, the limit is $300.

Most of the funds stolen from Lagos State by Tinubu ended up in Lebanon through a money-laundering scheme put together by the Chagourys.

Tinubu and the Chagoury’s are long time business partners. They are joint owners of Hitech Engineering which has been involved in major construction jobs in Lagos State. Choice jobs like the multi-carriageway Airport Road and the commercialized Lekki Roads are a few of the many construction jobs executed by the company courtesy of Tinubu’s vice grip on successive Lagos governments.

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Re: How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks by seyiolumuyiwa: 11:52am On Jun 25, 2022
Omo dis election go mad

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Re: How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks by Jennyjay283: 11:52am On Jun 25, 2022
Money to buy fame?
The true leader will be the true leader not by money.

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Re: How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks by Totilopussylick(m): 11:58am On Jun 25, 2022
Jennyjay283:
Money to buy fame?
The true leader will be the true leader not by money.

There can never be a true leader without a sacrifice tongue

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Re: How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks by orisa37: 11:59am On Jun 25, 2022
"TORONTO ACCOUNTANT"!

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Re: How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks by Deborah98(f): 12:05pm On Jun 25, 2022
I've missed commenting on threads like this. Tinubu people,Atikulated people and Obidient people as well. It's well ooooooooooooooo.

1 Like

Re: How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks by Golan007: 12:05pm On Jun 25, 2022
Just like me telling you a story about Obi's tail.

Without evidence, how can you even believe he has one?

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Re: How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks by orisa37: 12:10pm On Jun 25, 2022
I'M BEGINNING TO SEE WHY AMBODE DOESN'T FIT INTO THE PAST AND PRESENT GOVERNANCE OF LAGOS STATE.
IT'S A CULT THAT IS ALSO BECOMING IRRITATING TO Osinbajo.
Osinbajo WILL BAIL US OUT WHEN HE BECOMES THE PRESIDENT OF NIGERIA.

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Re: How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks by ayoolataiwo(m): 12:11pm On Jun 25, 2022
Like other aspirants are different,Obi,Atiku ain't a saint,channel same energy elsewhere

Re: How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks by Mfetenang: 12:12pm On Jun 25, 2022
May Tinubu visit you in your dreams tonight.
Re: How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks by willyo(m): 12:12pm On Jun 25, 2022
Wow
Re: How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks by ilovenicloe(f): 12:20pm On Jun 25, 2022
Mfetenang:
May Tinubu visit you in your dreams tonight.

grin grin grin grin grin grin
Re: How Tinubu Spent N25billion On Lagos House, Loses $500million In Lebanese Banks by limeta(f): 12:39pm On Jun 25, 2022
They have Osinbajo but rather want to force a scammer on themselves

1 Like

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