₦airaland Forum

In 2005, P.M. News reported that President Olusegun Obasanjo’s wife, Stella, was linked to the acquisition of over ₦1 billion worth of government houses through family fronts.

According to P.M. News:

▶️ The scandal broke after an anonymous document detailing how the houses were sold got to President Obasanjo. The document alleged that due process was ignored and that the exercise was dominated by politically exposed persons, including presidential aides, former generals, governors and ministers.

▶️ Among those listed were Stella’s siblings and relatives:

▶️ Henry Abebe, who allegedly bought a house at 23 Milverton Road, Ikoyi for ₦158.4 million ▶️ Dr. Yemisi Abebe, who got a property at 12 Ikoya Avenue, Ikoyi for ₦80.4 million ▶️ Dr. John Abebe, Stella’s brother-in-law and personal assistant, who acquired 1B Iru Close for ₦64.8 million ▶️ Mrs. Franca Abebe, who paid ₦57.6 million for a house at 7B Maroko Close.

▶️ President Obasanjo cancelled the entire sale. In a strongly worded letter to the Housing Minister, Mrs. Mobolaji Osomo, he said he was “personally embarrassed” that members of his wife’s family appeared on the list. He ordered an immediate cancellation of the exercise, a refund of all payments, and a fresh public sale.

▶️ P.M. News also reported that Vice President Atiku Abubakar was offered the official Vice President’s residence in Ikoyi but declined it.

▶️ The sale was part of a broader policy based on the recommendations of a federal panel led by Brigadier Oluwole Rotimi (rtd.), which had advised the government to dispose of federal properties in Lagos.

▶️ Affected properties included 1004 Flats, Eric Moore Towers, Bar Beach Towers, LEGICO Quarters, Alagbon Towers, Awolowo Road Towers, and others in Ikoyi and Victoria Island.

▶️ When the first phase of sales began in 2004, it was immediately criticised. Tenants protested, civil servants complained, and court cases followed. Despite assurances that occupants would get first choice consideration, many said the houses were sold off cheaply to politically connected buyers.

▶️ One deal cited was the sale of Eric Moore Towers to Dock Management Nigeria Ltd, owned by PDP chieftain Moshood Salvador, for ₦570 million

Source: https://x.com/i/status/2015046931685453824

Obj crippled Nigeria no be small, he stole $16 billion meant for electricity, you can wonder how much it will be if we consider inflation. $160 trillion least if converted.

SpaceX:
Obj crippled Nigeria no be small, he stole $16 billion meant for electricity, you can wonder how much it will be if we consider inflation. $160 trillion least if converted.

Did you read the article? SMH

The usual tale of corruption. Nothing new here.

Olofofo247ng:
In 2005, P.M. News reported that President Olusegun Obasanjo’s wife, Stella, was linked to the acquisition of over ₦1 billion worth of government houses through family fronts.

According to P.M. News:

▶️ The scandal broke after an anonymous document detailing how the houses were sold got to President Obasanjo. The document alleged that due process was ignored and that the exercise was dominated by politically exposed persons, including presidential aides, former generals, governors and ministers.

▶️ Among those listed were Stella’s siblings and relatives:

▶️ Henry Abebe, who allegedly bought a house at 23 Milverton Road, Ikoyi for ₦158.4 million ▶️ Dr. Yemisi Abebe, who got a property at 12 Ikoya Avenue, Ikoyi for ₦80.4 million ▶️ Dr. John Abebe, Stella’s brother-in-law and personal assistant, who acquired 1B Iru Close for ₦64.8 million ▶️ Mrs. Franca Abebe, who paid ₦57.6 million for a house at 7B Maroko Close.

▶️ President Obasanjo cancelled the entire sale. In a strongly worded letter to the Housing Minister, Mrs. Mobolaji Osomo, he said he was “personally embarrassed” that members of his wife’s family appeared on the list. He ordered an immediate cancellation of the exercise, a refund of all payments, and a fresh public sale.

▶️ P.M. News also reported that Vice President Atiku Abubakar was offered the official Vice President’s residence in Ikoyi but declined it.

▶️ The sale was part of a broader policy based on the recommendations of a federal panel led by Brigadier Oluwole Rotimi (rtd.), which had advised the government to dispose of federal properties in Lagos.

▶️ Affected properties included 1004 Flats, Eric Moore Towers, Bar Beach Towers, LEGICO Quarters, Alagbon Towers, Awolowo Road Towers, and others in Ikoyi and Victoria Island.

▶️ When the first phase of sales began in 2004, it was immediately criticised. Tenants protested, civil servants complained, and court cases followed. Despite assurances that occupants would get first choice consideration, many said the houses were sold off cheaply to politically connected buyers.

▶️ One deal cited was the sale of Eric Moore Towers to Dock Management Nigeria Ltd, owned by PDP chieftain Moshood Salvador, for ₦570 million

This shows the uselessness of human beings, after acquiring all these mundane things, why not take it to the other side?

For we brought nothing into this world and it is certain we can carry nothing out 1Tim 6:7.

So why do all these politicians keep doing evil, or don't they know that are theives have no part in the kingdom of God except in the part that burns with Fire and Brimstone (Hell) forever and ever

Why not turn away from all these evil and rule as God wants you to?

When Obasanjo criticises other politicians that they are corrupt, he seems to present himself as a Saint. However, this is just one of the many huge cases of corruption under his nose.

We know how much he stole during his Operation Feed The Nation Project. We know how much he stole from the power sector during his tenure as president. We are also aware of the landed property he acquired in Lagos, Abuja, Oyo, Ogun and other states in Nigeria.

Late PMB made us to know how he manipulated the Federal Government to pay his workers' salary...those who work at his Sango-Ota farm.

Despite all these, you would see him attack the likes of Atiku, Fayose, Tinubu, Ibori, Jonathan and others, labelling them as corrupt. He would write letters to presidents as if he had any iota of morality, honesty or interest of the Nigerian people at heart when he was also in power (during the military and civil regime).

May God Bless Nigeria 🙏

Lol…it’s very obvious that the people commenting didn’t read the story…headline geng

Only Northerners and South-Easterners rate Obasanjo, Yorubas and Niger Deltans know that Obasanjo is a crook