Episode 208: Bola Ahmed Adekunle Tinubu Part 1

Grubstakers · Episode 208: Bola Ahmed Adekunle Tinubu Part 1

This week we cover the life and misdeeds of Bola Ahmed Adekunle Tinubu also known as Yekini Amoda Ogunlere Hamid Sangodele Adekunle Tinubu or my favorite Bobo Chicago join us on this 2-part series on how he used his time to be a bagman in Chicago, a ruffian in his youth and why he definitely needs giant trucks of money or gold to come to his house. This episode was suggested to us by a listener and we encourage those reading this to reach out with any suggestions or hey maybe a review? Part 2 of this will be released on SoundCloud more billionaire shenanigans on our Patreon enjoy!


  • Bola Tinubu Background
  • So Iyaloja title is now hereditary, from mother to daughter. Anyway,Ahmed Bola Tinubu's first daughter, Folashade Tinubu Ojo has been crowned the new Iyaloja of Lagos State and the President General of the Market Men and Women of Nigeria. The installation took place at the palace of the Oba of Lagos, Oba Rilwan Akiolu. Bola Tinubu's mum held the position before she passed away recently. Congrats to her!
  • The National Leader of the APC, Bola Tinubu had a bad year in 2017 after he lost his son. Dr. Jide Tinubu passed at 37 after having a heart attack in London.
  • “On Tuesday, when the curfew was announced we heeded the governor’s warnings and didn’t want our staff in any danger, hence by 3pm our staff had been ordered to leave the site and the board was switched off based on the governor’s curfew request. “We had no idea what was going to happen and we feel the same anguish, pain and shock at the events that unfolded and our hearts and prayers go out to the victims and families of this ungodly act.”
  • On one occasion, during her final sojourn in Abeokuta, she was alleged to have sold a young boy into slavery and was accused of it. When arraigned before Ogundipe Alatise over the matter, she reportedly explained: 'I have a large house-hold and I must feed them well. I need money to do that, that's why'. — Oladipo. Yemitan, 'Madame Tinubu: Merchant and King-maker' Another section of Yemitan's Tinubu biography, referred to as the Amadie-Ojo Affair, captures a slave trading deal gone sour in 1853 (notably after the 1852 Treaty abolishing slavery in Lagos) wherein Madam Tinubu tells another slave trader (Domingo Martinez) that "she would rather drown the slaves [20 in number] than sell them at a discount".
  • Police Brutalize Persons With Disabilities At National Assembly
  • By Stephanie Busari, Nima Elbagir, Gianluca Mezzofiore and Katie Polglase Video by Barbara Arvanitidis, Muhammad Darwish and Oscar Featherstone Updated 5:05 PM ET, Thu November 19, 2020 "This story contains graphic imagery of injury and death. The full names of some interviewees and the identities of others have been withheld for their safety."
  • The National Leader of All Progressives Congress (APC), Asiwaju Ahmed Bola Tinubu, has lost his ex-wife.
  • 'No one influenced Oba of Lagos’ CHIEF (Mrs.) Folashade Tinubu-Ojo is the first daughter of Asiwaju Bola Ahmed Tinubu. She was on Tuesday, October 29, 2013, decorated by Oba Rilwan Akiolu of Lagos as the new Iyaloja-General of Nigeria. The new Iyaloja-General who is married to Hon. Oyetunde Ojo, a member of House of Representatives told ENCOMIUM Weekly that she never dreamt of being the new Iyaloja-General, until Kabiyesi Oba Rilwan Akiolu, the Eleko of Eko, told her she was going to be the next Iyaloja-General…
  • https://www.youtube.com/watch?v=kCXZqywM6Xw
  • Apara had revealed that Tinubu controlled the company, which was receiving 10 per cent of the taxes collected on behalf of the state. by SaharaReporters, New York Oct 27, 2020
  • In addition to the accusations mentioned above, his untouchable status becomes more obvious, if you consider this. The authorities never investigated numerous rumors of fraud surrounding his persona. But rumors are just rumors. Although in 2007, he was actually brought to the court for alleged illegal activities with his 16 foreign bank accounts. In 2009, he was cleared of all charges.
  • By Dr Bolaji O. Akinyemi It is the gamut of corruption that Lagos has become and must be sustained that the crowd at the Lekki Toll Gate must be dispersed to keep the money flowing.
  • Friday Olokor, Abuja THE United Nations Children’s Fund on Monday expressed concern over the increase in gender-based violence but regretted that minors and toddlers were becoming victims of the ignoble acts.
  • Loyalists of a former governor of Lagos State, Bola Tinubu, on Monday stormed Ibadan and Oyo town to seek the support of the traditional rulers in the two towns for the candidature of Mr Tinubu ahead of the 2023 presidential polls.
  • The man called Tinubu the JAGABAN of Southwest Before 1999, Tinubu had none of these: 1. Oriental Hotel 2. Falomo Shopping Complex 3. First Nation Airline 4. Lekki Concession Company 5. Apapa Amusement Park 6. Maiyegun Land Project 7. De Nation 8. Renaissance Hotel 9. Tejuoso Market (Joint ownership) 10. Ikeja Shopping Mall 11. TV Continental 12. Converted Lagos Poly land for TVC 13. Owned NNPC Office building in Lagos 14. Radio Continental 15. Owned School of Nursing building in Lagos 16. Tax Collector of Lagos State (Alpha Beta) 17. Wife is a member of the National Assembly 18. Son-in-law is a member of the National Assembly 19. Daughter is the President-General of Market Women Association in Lagos 20. N4 billion government financed property for self at Queens Drive, Lagos. Tinubu acquired all of the above and many more not listed after he became Governor of Lagos State, first in 1999 and won his second term in 2003. He remains Governor Emeritus of Lagos, controlling the State’s treasury through his protege Governor Fashola.
  • Dayo Ojerinde Some section of twitter users on Sunday trolled the National Leader of the All Progressives Congress, Chief Bola Tinubu, following the declaration of Governor Godwin Obaseki of the People’s Democratic Party as the winner of the September 19 governorship election in Edo State.
  • April 10, 2014 by contributed by: Hannah Foster Efunporoye Osuntinubu Olumosa (often shortened to Efunroye Tinubu) was a shrewd and ambitious Nigerian business tycoon who wielded enormous economic power across Western Africa and political power in Abeokuta and Lagos. She was born around 1805 in the Yoruba town of Abeokuta in Western Nigeria. She married a man and had two sons with him, but he died soon thereafter. Newly a widow and single mother, she started trading tree bark and leaves to make a living. She had learned valuable market skills from her grandmother, Osunsola, who traded in tree bark, roots, herbs, and leaves. She also learned business skills from her mother, Nijeede, who had been a food seller.
    Unfunny video that is labeled comic.
  • Child sexual abuse in Nigeria is rampant and as high as one in four girls and one in 10 boys. Cece Yara is an organization dedicated to preventing and ending the sexual abuse and exploitation of children. The words, Cece Yara, are from the Hausa language which means “save the child” and truly encompasses the mission of the foundation.
  • Mrs. Bola Tinubu
  • The horror of Slavery (diasporablogg)
    Do they look alike !!yes they do!! not only physical look but genotical. from https://www.blackpast.org/global-african-history/tinubu-madam-efunroye-ca-1805-1887/. I encourage you to follow link and read more. I quote “Efunporoye Osuntinubu Olumosa (often shortened to Efunroye Tinubu) was a shrewd and ambitious Nigerian business tycoon who wielded enormous economic power across Western Africa and political power in Abeokuta and Lagos. She was born around 1805 in the Yoruba town of Abeokuta in Western Nigeria. She married a man and had two sons with him, but he died soon thereafter. Newly a widow and single mother, she started trading tree bark and leaves to make a living. She had learned valuable market skills from her grandmother, Osunsola, who traded in tree bark, roots, herbs, and leaves. She also learned business skills from her mother, Nijeede, who had been a food seller.
  • Ignatius Sancho (British Library)
    Thomas Gainsborough Ignatius Sancho, 1768 Oil on canvas, 73.7 x 62.2 cm © National Gallery of Canada, Ottawa. / Thomas Gainsborough Ignatius Sancho, 1768 Huile sur toile, 73.7 x 62.2 cm © Musée des beaux-arts du Canada, Ottawa Writer, composer, shopkeeper and abolitionist, Ignatius Sancho was celebrated in the late 18th-century as a man of letters, a social reformer and an acute observer of English life. Early life
  • She did not move to end slavery because she hated it, she only decided to end it because of the suffering she learnt slaves went through on high sea.
  • Quote from: Gideon on August 26, 2018, 02:29:54 AM Well,the tales about slavery shall continue to be disclosed and reveal to the present generation so that Nigerians and indeed Africa can look at the past and learn from it to become better..She was an accomplice to slave trade but later stopped selling her people to the whites... Did she ever really stop? From the article, it appears that there was as power tussle between she and the British slave traders probably over control of Lagos/Bagary slave outlets. She lost the power tussle and was forced to relocate to further inland in Abeokuta. While there, she went back to all her traders, including, at the very end, slavery.
  • The True History of Slavery and Slave Acquisition in Africa By Africason (Information Europe Don’t Want You to Know About Slavery) This message is for black people of non-African nationalities. I mean, black people in countries like Jamaica, USA, Haiti, Bahamas, French Guiana, Guyana, Suriname, Brazil, Mexico, Colombia, Venezuela, Ecuador, Peru, Uruguay, Bolivia, Argentina, Vanuatu, Paraguay, Grenada, Tuvalu, Solomon Islands, Chile, Peru, Panama, Belize, Costa Rica, El Salvador, Kiribati, Trinidad and Tobago, Saint Kitts and Nevis, Saint Lucia, Guatemala, Lucia, Sri Lanka, Saint Vincent and the Grenadines, Maldives, Honduras, Nicaragua, Barbados, Tonga, Panama, Samoa, Nauru, Cuba, Dominican Republic, Martinique, Puerto Rico, Papua New Guinea, Fiji, India, and also people of ALL AFRICAN NATIONALITIES.
  • British anti-slavery measures and naval bombardment of Lagos in 1851 In Britain's early 19th century fight against the Trans Atlantic Slave Trade, its West Africa Squadron, or Preventative Squadron as it was also known, continued to pursue Portuguese, American, French, and Cuban slave ships and to impose anti-slavery treaties with West African coastal chiefs with so much doggedness that they created a strong presence along the West African coast from Sierra Leone all the way to the Niger Delta (today's Nigeria) and as far south as Congo.[2] In 1849, Britain appointed John Beecroft Consul of the Bights of Benin and Biafra, a position he held (along with his governorship of Fernando Pó) until his death in 1854.[3] At the time of Beecroft's appointment, the Kingdom of Lagos under Oba Kosoko was in the western part of the Consulate of the Bights of Benin and Biafra and was a key slave trading port. In 1851 and with pressure from liberated slaves who now wielded political and business influence, Britain intervened in Lagos in what is now known as the Bombardment of Lagos (or Reduction of Lagos). The British installed Oba Akitoye, ousted Oba Kosoko, and signed a treaty on January 1, 1852 between Great Britain and Lagos that outlawed the slave trade, ushering in the consular period in Lagos' history, wherein Britain provided military protection to Lagos.
  • Efunroye Tinubu (wikipedia)
    From Wikipedia, the free encyclopedia Death and legacy Statue of Madame Tinubu in Abeokuta, Nigeria in 2019 Tinubu died in 1887.[20] Tinubu Square on Lagos Island, a place previously known as Independence Square, is named after her. Ita Tinubu (Tinubu's precinct or Tinubu Square) had long been known by that name before the country's independence, but it was renamed Independence Square by the leaders of the First Republic. She was buried at Ojokodo Quarters in Abeokuta.[21] Opinions on the Trans-Atlantic Slave Trade Some publications[22][23] have asserted without any substantiation that Madam Tinubu became a changed person after learning about the evils of the Trans Atlantic Slave Trade.[24][25][26] However, an often cited hagiography about Madam Tinubu by Oladipo Yemitan paints a different picture of an unapologetic and profit minded stance. On one occasion, during her final sojourn in Abeokuta, she was alleged to have sold a young boy into slavery and was accused of it. When arraigned before Ogundipe Alatise over the matter, she reportedly explained: 'I have a large house-hold and I must feed them well. I need money to do that, that's why'. — Oladipo. Yemitan, 'Madame Tinubu: Merchant and King-maker'[27] Another section of Yemitan's Tinubu biography, referred to as the Amadie-Ojo Affair, captures a slave trading deal gone sour in 1853 (notably after the 1852 Treaty abolishing slavery in Lagos) wherein Madam Tinubu tells another slave trader (Domingo Martinez) that "she would rather drown the slaves [20 in number] than sell them at a discount". [28]
  • By Tireni Adebayo - February 2, 2018
  • https://www.pushblack.us/news/after-making-fortune-slave-trade-african-woman-ended-it (https://www.pushblack.us/news/after-making-fortune-slave-trade-african-woman-ended-it)
    I dont know how I found thiss one but now its disspaeared
  • The House Tinubu Built (saharareporters)
    For well informed Yorubas and ardent students of history, the name “Tinubu” should readily call to mind the commendable exploits of one of West Africa’s greatest women liberators: Madam Efunroye Tinubu. by Idowu Ohioze Jan 18, 2011
  • “When he was still in office, if he came out and saw people waiting to see him he would say ‘haa! I can’t see anybody right now oh! I am tired’ and everybody would go and sit down, but when he would come out later, he would attend to them all.” He said Asiwaju showed characteristics of greatness right from his childhood as he was always looking for opportunities to assist people. Bintu Tinubu, the most senior wife in the Tinubu family and organizer of the walk, called the former Governor a darling husband and caring father, who one could rely on. “When you have Asiwaju, you have everything one can have in life,” she said, adding that she decided to organize the walk for medical practitioners to educate the people about their health and ways to preserve their lives.
  • FULL NAME: Bola Ahmed Adekunle Tinubu DATE OF BIRTH: 29 March 1952 (age 63) OCCUPATION: Accountant, Politician MARITAL STATUS: Married
  • Large archive of Bola links
  • By Omiko Awa 26 January 2020 | 3:52 am EFUNPOROYE Osuntinubu Olumosa, later known as Madam Efunroye Tinubu, was an astute businesswoman, kingmaker and the first woman to kick against British rule in Nigeria during the colonial era. She was a major figure in Lagos and Abeokuta (Egba) politics.
  • Just recently, some traders in computer village, Lagos, protested against the alleged decision of Folashade Tinubu-Ojo (Tinubu’s daughter), the Iyaloja of Lagos, to impose market heads in the outdated fashion of Iyaloja and Babaloja on them.
  • byBen Ezeamalu June 29, 2013 1 min read The ACN claimed Mr. Tinubu did not impose his daughter on the market men and women. The late President General of Lagos Market Men and Women, Abibat Mogaji, appointed her successor before she passed away, PREMIUM TIMES has learnt. Mrs. Mogaji, mother of former Lagos Governor, Bola Tinubu, named the latter’s daughter, Folashade Tinubu-Ojo, as the new Iyaloja of Lagos, a market leader has told PREMIUM TIMES.
  • Tinubu became involved in Abeokuta king-making activities as well, supporting Prince Oyekan over Ademola for the Alake of Egba title in 1879.The conferment of the title of Iyalode placed her in a position of power, which she was denied in Lagos, for, by virtue of it, she not only acquired the constitutional right to participate in Egba affairs but was also accorded honour and esteem in the community. She died in 1887 when she was at the height of her popularity. Today in Abeokuta, a monument stands in the town square named after her, Ita Iyalode (Iyalode Square
  • Key APC Leaders (apcnewsonline)
    ASIWAJU AHMED TINUBU: National Leader of APC 12th Governor of Lagos State Succeeded by Babatunde Fashola Political party All Progressives Congress (2013 to present) Other political affiliations Social Democratic Party (1992–1993) Alliance for Democracy (1998–2006) Action Congress of Nigeria (2006 to 2013) Spouse(s) Oluremi Tinubu Occupation Accountant, politician
  • Abibatu Mogaji will be buried on Sunday. Abibatu Mogaji, the mother of former Lagos State Governor, Bola Tinubu, is dead. Mrs. Mogaji, 96, died at her residence in Ikeja at about 6:00 p.m. on Saturday. She was until her death the President General of Lagos State Market Women Association. She will be buried on Sunday morning at the Ikoyi Muslim Cemetery according to Islamic rites; while reception and muslim prayers follow
  • Abibatu Mogaji (wikipedia)
    From Wikipedia, the free encyclopedia
  • Bola Ahmed Tinubu aka Jagaban a feared and popular figure in Nigeria politics now and in many years to come. Bola Ahmed Tinubu is currently the most successful Lagos state politician ever. The man that massively contributed to break the 16 years rule of PDP with the help of other political parties at that time. Bola Tinubu net worth shouldn’t come as a surprise to you, because he is the type of people that controls secret wealth.
  • by FADAKA LOUIS 30 June 2018
  • Born in the Egba Land of the Yoruba people of West Africa at the beginning of the nineteenth century, Madam Efunroye Tinubu was a politically significant figure in Nigerian history because of her role as a powerful female aristocrat and slave trader in pre-colonial and colonial Nigeria.
  • Days after the Board of Continental Broadcasting Services Ltd, owners of Television Continental and Radio Continental, fired 145 staff, the management of the media outfit have announced a multi-million dollar investment in the company. After the sacking, CBS had explained that the decision was part of its effort to restructure the enterprises. The Chief Executive Officer, Continental Broadcasting Services, Mr. Andrew Hanlon, in a statement on Thursday, said the recent investment will improve the general working conditions of its 350 staff. Mr. Hanlon said that the investments will cut across CBS three major properties which are: TVC Entertainment; TVC News and Radio Continental. “I am delighted to confirm today that substantial investments will be made in programming and content across our TV and radio stations to improve viewers and advertisers’ appeal in the CBS Group offering. This will involve a substantial spend on technology and transmission equipment. The plan, which was recently approved by the CBS Board, will also lead to improved general working conditions for our 350 staff who will be at the heart of everything we do” Hanlon said.
  • For Bola Ahmed Tinubu, former Lagos State governor and a national leader of the All Progressives Congress (APC), these are certainly not the best of times. The politician popularly called Jagaban, a chieftaincy title of the Borgu Kingdom of Niger State which he holds, is visibly worried, agitated and appeared quite unsure of what the future holds. Tinubu is currently fighting what may be the battle of his political life.
  • Ahmed Bola Tinubu Another MKO in the Making (I rest my case. Dr Wunmi Akintide)
    By Dr. Wunmi Akintide WUMIONE@aol.com This piece has taken so long for me to complete The delay is informed by my patiently waiting for the outcome of some developments in the life of this unusual American trained southern Nigerian politician, and another Yoruba leader with a few myths around him, as we speak..
  • This is part two of an exclusive interview with Wale Tinubu, Group Chief Executive Officer of Oando PLC, a sub Saharan African indigenous integrated energy group.
  • its beginnings as a fuels marketer to becoming Nigeria’s largest non-government owned company in the energy industry, Oando is one of the many success stories coming out of Africa’s corporate space. The pan-African multinational energy corporation is headquartered in Lagos, Nigeria, and active in various African countries, engaging actively in the entire energy value chain, including Petroleum marketing, exploration and production; refining, and power generation. It’s aggressive pursuit of innovate measures to grow landed it the honours of the first Nigerian company to achieve a dual-listing–Nigeria and South Africa–and is currently the country’s largest indigenous oil player. These achievements, however, have been overseen by Adewale Tinubu, Oando’s Group CEO.
  • Who Owns Oando Oil? (globalpentorch)
    The news that former Nigeria's Delta State governor, James Ibori, serving jail terms in London for corruption owns substantial stake in Oando, has sets tongues wagging about who owns the company, and whether the world has heard the whole truth about the corrupt connections that may have given life to the company. Wale Tinubu is the chief executive officer of Oando. He is a nephew to Bola Tinubu, former governor of Lagos State and leader of APC, Nigeria's opposition party in the South West of the country. As chief executive of Oando, he has been telling stories of what is reminiscent of poverty to riches; of a man who rose from servicing a leaking vessel to become the African King of Oil. Of course, he has never mentioned anything like Ibori having a substantial share in the company at anytime or that the company has ever helped Ibori transferred such a large amount of money, as papers unsealed in a London country has revealed. Just as he has never mentioned Bola Tinubu having any interest in the company. And if the has not been a leak about Ibori's interest, everything would have continued like the company has no connection in anyway with Ibori. Wale said in an interview posted on Youtube video that he started early at the age of 25, and with an interview with a magazine such as Forbes, the impression is that Wale may have hit the gold on his own without any corruptible influence. There are people who are vouching for Wale that he comes from a well-to-do background and that Oando is his baby. People are saying that there is nothing specifically weird in anyone hitting the gold, but how one hits that gold is the moral question that will need to be addressed. For a long time, people have been asking questions as to who owns Oando. Wale's last name and relationship to Bola Tinubu has made people to often think that the company may be Bola Tinubu's, and that Wale may just be fronting for the Nigerian politician who is now considered to be one of the richest Nigerians who ever lived. And the question is still making its round like the debate in Nairaland publication about whether Wale has merely tapped his uncle's connections to get what he wants, like the connection to Ibori that ensures the felon's shares in the company, and cementing a relationship so close that the company will agree to transfer such an amount for him? And if the case is otherwise, how much does Bola Tinubu owns in Oando? This question has become imperative, people say, because if Ibori could have shares in Oando, there is no way he could have and Wale's uncle would not. Many Nigerians have said that sources of wealth are often stinking that one may just not bother to seek how some people get to own what they claim belong to them. The same is true of the web of corruption in Nigeria, where corruption is almost becoming like water for humans, and without which life will be impossible to live. At the end of the day, the question will dovetail to the sources of Bola Tinubu's wealth; his-net worth before he became a governor, and how much his net-worth has transformed into after he left the governor's lounge? It will have effect on his political leadership in the country, and the claim that he is the one who has solution to the country's problem, because people will no longer buy his political pronouncements with this connection with Ibori, and that will make the APC a lame duck as an opposition party.
  • Mfonobong NseheFormer Contributor Billionaires I chronicle Africa's success stories and track its richest people This article is more than 3 years old. Nigerian integrated energy solutions provider, Oando PLC, is under investigation by the Nigerian Securities and Exchange Commission (SEC) over alleged malpractices in its financial statements. According to a report by Nigerian newspaper, Punch, the investigation was triggered by series of petitions filed by some foreign investors in relation to some changes in the shareholding structure of the company following a 2014 deal in which Oando paid $1.65 billion for the acquisition of oil producing assets owned by ConocoPhillips.
  • Oando PLC (Oando PLC)
    Lagos, Nigeria -July 14,2017Our attention has been drawn to a report released by Channels TV on Friday the 14th day of July, 2017 stating that Oando PLC (“the Company” or “Oando”) is “...under a comprehensive investigation by the Securities and Exchange Commission.....following petitions filed by some foreign investors in Oando Nigeria PLC, in relation (sic) shareholding structure following the 1.65 billion Dollars cash that Oando paid in June 2014 to acquire the oil production assets of Conoco-Phillips in Nigeria...”.The Company understands that the SEC is in receipt of correspondence containing (in our opinion) unsubstantiated, misleading and defamatory claims with respect to various matters that had already received board, shareholder and where required SEC approval. The Company is fully co-operating with the SEC in the discharge of its duties as the capital markets regulator by providing all appropriate clarifications and rebuttals on the matters raised in the said correspondence. Oando will be happy to provide full disclosure of the outcome as soon as the SEC review is completed. Oando's corporate communications team is always available to respond to any enquiries by members of the public and media. The Company is concerned about media houses going public with information withoutfirst obtaining a balanced view as this may in some cases lead to the publication of unconfirmed, misleading and damaging information. Oando is a public listed company quoted on both the Nigerian and Johannesburg Stock Exchanges and any damaging information in the public domain could have a material impact on the Company. We therefore demand an immediate retraction of the report and urge media houses to refrain and/or desist from further publications in future, without first verifying the accuracy of such facts from Oando.Ends.For further information, please contact:Ayotola JagunChief Compliance Officer & Company Secretary2, Ajose Adeogun Street,Victoria Island,Lagos, Nigeria.Tel: +234 (1) 270400, Ext: 6159ajagun@oandoplc.com
  • It has been more than two years since Wale Tinubu, Group Chief Executive Officer of Oando PLC, a sub Saharan African indigenous integrated energy group, described as the “plucky young eaglet,” covered Forbes Africa magazine. Back in November 2011, Tinubu ended his first interview with the magazine, saying "Africa is a challenging continent; you fight for water, you fight for food, you fight for shelter. We compete by nature, so it's always difficult but we don't always know it is difficult because we have a spirit of survival. Here at Oando, we deliver on the tough things."
  • Forbes, the international business magazine recently launched its African edition – “Forbes Africa“.
  • National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu, on Saturday went down the memory lane, recounting the immense contribution of former United States Ambassador to Nigeria, Walter Carrington, to the growth of democracy in the country. In a special tribute to the man he called ‘Citizen of One Nation, Son of Two’ Tinubu said Carrington “openly and unconditionally championed the advent of democratic freedom and constitutional governance in the country.”
  • Bola has 2 jobs listed on their profile. See the complete profile on LinkedIn and discover
  • By Elitestaff - March 30, 2019
  • bySamuel Ogundipe April 2, 2016 2 min read
  • Apart from watching the current crisis rocking the party swallow some of his henchmen and loyalists, the situation has also threatened his relevance in Nigeria's topmost political circle and also his purported plan to run for the country's presidency in 2023.
  • Against all odds, Bola Ahmed Tinubu, the national leader of the All Progressives Congress (APC), has continued to enjoy news mention more than any politician in the last 20 years. Since 1999, when he was elected Governor of Lagos State, the maverick politician has remained a man of all seasons. Perhaps more than any individual, he has, since the beginning of the current democratic experience, faced and led many ‘wars’ more than any known politician around and came out unscathed. Few weeks ago, in commemoration of his 68th birthday, his political friends and foes explored many platforms; including hundreds of paid advertorial in the newspapers, radio and television to celebrate his contribution to democracy.
  • Oando-Headquarters-in-Lagos The potentials and downsides of the biggest onshore Niger Delta asset sale in History Oando’s ongoing purchase of the Nigerian assets of ConocoPhillips, the American independent, is a historical event. The price on the table is larger than the proceeds of any single bid round in the country in the last 10 years. The invoice total comes to $1.79Billion, of which $1.6Billion will be paid by the Nigerian company for 20% stakes in four onshore assets, all of them operated by Agip and producing roughly 100,000 Barrels of Oil Per Day(BOPD) gross, which translates to 20,000BOPD net to Oando, on final purchase, around March 2013. The remaining $190Million is what Oando is paying for ConocoPhillips’ deep-water hydrocarbon properties. The $1.6Billion bill for onshore assets is the biggest price any one company has paid for an onshore asset or group of onshore assets in Nigeria. The company will have to raise $1billion of equity and $790Million of debt, which it is hoping to raise from Nigerian banks. Oando has commenced proceedings on a $350MMilion rights issue, on the Nigerian and the Johannesburg Stock Exchanges. The company has thought of selling its rig services unit, which has four rigs. It is also mulling a disposal of half its downstream assets. The purchase of ConocoPhillips’ Nigerian assets is the result of a very competitive exercise, involving over 10 companies and consortia, the last of which were Seplat Petroleum Production Company, Lekoil, Midwestern/Transcorp consortium and Oando. The winner is getting the prize because it has agreed to pay over $400Million more than most of the other finalists were willing to part with. The deal comes across as a desperate effort by a company faced with the stark reality that the Nigerian state is not disposed to conducting regular, periodic, open transparent bid rounds. Oando is not buying assets directly in this transaction, but rather, paying for ConocoPhillips’ four subsidiaries in Nigeria. By the time the last kobo has changed hands, Oando would have secured ownership of: 1)Phillips Oil Company Nigeria Limited (“POCNL”), which holds a 20% non-operating interest in Oil Mining Leases (“OMLs”) 60, 61, 62, and 63 as well as related infrastructure and facilities in the Nigerian Agip Oil Company Limited (“NAOC”) Joint Venture (“NAOC JV”), and Phillips Brass Limited (“PBL”), which holds a 17% shareholding interest in Brass LNG Limited, which is developing the Brass LNG project, a Greenfield project to develop a two-train, 10 million ton per year, Liquefied Natural Gas (“LNG”) facility in Bayelsa State, Nigeria. These two constitute the onshore business. Oando is also purchasing: (3)Conoco Exploration and Production Nigeria Limited (“CEPNL”), which holds a 95% operating interest in OML 131, and (4)Phillips Deepwater Exploration Nigeria Limited (“PDENL”), which holds a 20% non-operating interest in OPL 214. The other partners are ExxonMobil (20% and operator), Chevron (20%), Svenska (20%), Nigerian Petroleum Development Company (15%) and Sasol (5%). These constitute the offshore business. The Nigerian minnow will thus be 20% owner of approximately 213 million barrels of oil equivalent (“MMBOE”) of Proved plus Probable Reserves, 198 MMBOE of Best Estimate Economic Contingent Resources, and approximately 110 MMBOE of Risked Prospective Resources in four Nigerian Onshore Assets. With 112Million standard cubic feet of gas(112MMscf/d), most of it sold to the NLNG, the daily sale of hydrocarbon fluids from ConocoPhillips’ onshore assets in Nigeria comes to roughly 43,000 Barrels Of Oil Equivalent Per Day(BOEPD). This, in addition to the proceeds from sale of 450MW power to the National Grid, by Agip operated gas fired plant in Okpai, Delta State, is what Oando is paying for. This purchase will move Oando up from the rank of small Nigerian oil producers(currently it is doing 4,500BOPD net), domiciled in the marginal field space, to the mid league populated by Conoil(25,000BOPD net), SEPLAT (18,000BOPD net) and SAPETRO(25,600BOPD net). Oando’s long term target itself is between 50,000-10,000BOPD, according to a November 2012 presentation it gave at an investor conference. It is hoping to have 2P reserves of 300MMBO, “though a mixture of acquisition and organic growth”. The timeline defined as “long term” is not stated in the report. Oando has always fancied itself as a big, integrated energy company, with significant tentacles in the upstream, midstream and downstream sectors of the oil and gas sector, as well as the country’s emerging electricity supply industry(ESI). Through a hectic annual calendar of conferences and appearances on the glitziest global media platforms, it advertises itself as one of Africa’s leading energy solutions providers, claiming a large space on the oil patch: “the largest publicly quoted energy company in Nigeria and sub-Saharan Africa’s largest indigenous energy company, based on revenues”. Every year the company’s CEO is positioned to speak, after the Petroleum Minister’s speech at the opening session of the Nigerian Oil and Gas Conference(NOG), the country’s top notch gathering of petroleum professionals, ranking bureaucrats, government and business leaders. It has been a key sponsor of segments of the World Petroleum Congress (in South Africa in 2005, in Spain in 2008 and in Qatar in 2011), appearing at these glittering events with large entourage, and sharing the limelight with companies who could buy it many times over. But for all the glamour that comes with showing up on the cover of Forbes Africa as King Of African Oil, Oando has been, in reality, a rather small player in Subsaharan Africa, and an also-ran, in the upstream ranking, in its home country Nigeria. For example Oando’s 228km of piped gas supply in Nigeria doesn’t compare anywhere with, say, Sasol’s gas supply network through 2 500 kilometres (km) of pipeline, including the 865-km cross-border pipeline linking the gas fields in Mozambique to the Sasol Gas network in South Africa. Sasol has built a 140MW gas fired plant in South Africa, utilizing the Mozambican gas to power its own operations. The company is involved in constructing another gas fired plant capable of delivering in excess of 107MW, to end users in both Mozambique and South Africa. This is a small slice of Sasol’s operations, which include assets in Canada, and the United States. But Sasol is an indigenous Subsaharan African company, primarily listed on the Johannesburg Stock Exchange, an African Stock Exchange. Ninety percent(90%) of Oando’s total annual revenue of 584Billion naira or $3.72Billion, comes from its downstream activities. This means that petroleum products supply and crude oil trading brought in 525.6Billion naira (or $3.353Billion) in the last year it reported. Its midstream effort, largely the piped natural gas supply market(it supplies companies like Cadbury in Ikeja and Flour Mills in Apapa), brought in 3% of the total revenues: 19.6Billion naira or $125Million. The upstream (Exploration and Production)business turns in 7% of the earnings: 41.3Billion naira or $263Million. Nigeria’s downstream business is fraught with uncertainties. With the knowledge that E &P is a far more profitable than downstream activity, Oando wants to turn the upstream revenue around. The offshore business constitutes one of the key downsides of this purchase. Neither of these assets is anywhere close to development in the next five years. Appraisal has not started on the Chota-Bolia structure, which is the main prospect in OML 131(which Oando will be operator). OPL 214 is squarely in the exploration phase. Yet these two have attracted close to $200MM. This pay out is quite large. To assemble the $1.79Billion for the purchase, Oando can only raise $800Million, which they are most likely to raise from Nigerian banks. Foreign banks have said that the debt capacity of that transaction is $600Million at the most. To raise a total equity of about $1billion, Oando is embarking on a rights issue to raise $350Million (N54.6 Billion) from the Nigerian and Johannesburg Stock Exchanges. It is issuing 4,548,236,276 (4.5Billion) ordinary shares of 50 Kobo at N12.00 per share, on the basis of two (2) new ordinary shares for every ordinary share of 50 Kobo each by all its registered shareholders in Nigeria and South Africa. The company says that proceeds from the rights issue will be used for “part-repayment of N60 billion($380Million) syndicated loan used to fund the acquisition of upstream assets and swamp drilling rigs, part-financing of acquisition of upstream and midstream assets by Oando’s Upstream subsidiary, Oando Energy Resources (“OER”) as well as investment in working capital to support increased level of business”. This simply means that they won’t apply all those monies to consummating this deal, but it’s hard to think that Oando will not apply all the $350Million realizable from this rights issue when it has $1.79Billion invoice to pay for a transaction it considers life-changing. But, assuming it is using all the $350Million raised from the rights issue, to pay for the ConocoPhillips assets purchase, Oando will still be needing $650Million from other equity holders. If Oando is able to raise $650Million outside of the rights issue, it would mean that the debt-equity split is 65: 35. Remember that these assets are going to Oando Energy Resources(OER), the Company’s relatively new 94% owned subsidiary listed in Canada? In the event of this transaction, those investors bringing in the $650Million will be owning 65% of the equity in OER. That company itself will be saddled with a debt of $800Million. Oando’s own shares in OER will be so diluted it’d become like just any other investor in Oando Energy Resources, having a small stake. From the proceeds (sale of roughly 25,000Barrels of Oil Per Day and 112Million standard cubic feet of gas as well as part payments for power generated from Okpai), OER will pay cash call on the projects as well as service the debt with roughly $150Million per year for the next seven years. Oando must desperately need this asset to have agreed to do this. Oando is taking a huge risk with the company’s ownership structure with this transaction. What Ocean and Oil(the original Oando) currently owns in the company is 10.63%. IBTC Pensions owns 11.5% of the company. Other shareholders own 77.37%. Is this a recipe for a take over? Oando’s CEO Wale Tinubu and his team must have acknowledged this possibility. But for whatever it is, this is a very expensive route to own 25,000BOPD. Save Share 19 1 comment Ikechukwu G Okafor January 10, 2013 at 2:20 pm The use of 100,000bopd gross and later 20,000bopd net as Oando’s share of 20% equity isnt right in my view. Gross conotes water inclusive. while net connotes near dry crude. Reply Leave a comment Name* Email (will not be published)* Website (including http://) All fields marked (*) are required Send comment « LUKOIL Extends Footprint In GOG Uganda Goes To The Market in 2013 » Oando’s ongoing purchase of the Nigerian assets of ConocoPhillips, the American independent, is a historical event. The price on the table is larger than the proceeds of any single bid round in the country in the last 10 years. The invoice total comes to $1.79Billion, of which $1.6Billion will be paid by the Nigerian company for 20% stakes in four onshore assets, all of them operated by Agip and producing roughly 100,000 Barrels of Oil Per Day(BOPD) gross, which translates to 20,000BOPD net to Oando, on final purchase, around March 2013. The remaining $190Million is what Oando is paying for ConocoPhillips’ deep-water hydrocarbon properties. The $1.6Billion bill for onshore assets is the biggest price any one company has paid for an onshore asset or group of onshore assets in Nigeria.
  • Dapo Apara, a Nigerian chartered accountant, has accused a former governor of Lagos State, Bola Tinubu; a consulting firm, Alpha-beta, and a former commissioner in the state, Akin Doherty, of money laundering, fraud, tax evasion, and sundry corrupt practices.
  • In writ of summons marked LD/7330GCMW/2020 deposed at a Lagos high court, Apara, who claims to own 30 per cent stake in the company, alleged that the former governor reneged on certain agreements reached in the past about the management and control of the consulting firm.
  • NIGERIAN PRINCES Nigerian Pres’ Svengali Tied to Heroin By Michael Weiss General Muhammed Buhari’s political partner is a former bagman for two heroin traffickers. But that’s just business as usual in Nigeria. Drug charges do indeed appear to be the sine qua non for Nigerian high office. The year 1993, when Tinubu’s assets were seized, was a turbulent period for Nigeria following the cancellation of a national election and the establishment of a military dictatorship. Moshood Abiola, the rightful winner of that election, was accused of narcotics trafficking according to Campbell. So too is “Prince” Buruji Kashamu from the People’s Democratic Party, who has faced extradition back to the United States since 1998. Kashamu was indicted by a federal grand jury in Chicago for being the elusive “Alaji,” a globetrotting drug kingpin who smuggled heroin into O’Hare International Airport from Europe and Asia. Piper Kerman, the memoirist who inspired the Netflix series Orange is the New Black, famously worked for Alaji. Kashamu denies the charges and insists that he was purportedly a counterterrorism informant to the U.S. government before and after 9/11, and that the real trafficker was his now-deceased brother. Despite his party’s general loss to the All Progressives Congress, Kashumu was elected in March as senator of the southwest Ogun state. In what appeared to be a magnanimous gesture to the winner, he took out an advertisement praising Tinubu as a role model. The Jagaban was distinctly unimpressed. He trashed the comparison in a statement signed by his media adviser, claiming that for Kashamu “to liken himself to Bola Tinubu is for a small rut to call itself a mountain.” Tinubu instructed the “false praise singer” to go face the music in the Windy City before deigning to talk to him.
  • Nigeria’s election last month was celebrated as an unlikely victory for democracy in an African country with a tenuous record of free and fair representation. But the man most responsible for midwifing General Muhammed Buhari’s ballot triumph over current President Goodluck Jonathan has a spotty CV. Former Lagos provincial governor Bola Tinubu, affectionately nicknamed the Jagaban, is today seen as a shrewd if not “deeply Machiavellian” Svengali in Nigeria’s politics as well as the architect of a hugely successful anti-corruption platform. But 20 years ago he had to forfeit nearly half a million dollars to the U.S. Treasury Department after being named as an accomplice in a white heroin-trafficking and money-laundering ring that stretched from West Africa to the U.S. Midwest.
  • They say "the evil that men do lives after them" but then we know now that the evil that men do lives with them and the foregoing is one of the reasons why the Nigerian state is impoverished, a nation where the leaders are all for the satisfaction of their own bellies, a nation where poverty mentality has pushed political office holders to the point of brutal greed to the detriment of the nation. Nigerians are by far the most sentimental people i know, because the fact that Bola Tinubu the former governor of lagos state, leader of the former ACN political now merged and now APC was a long time drug baron and probably still is, is a highly proven fact, yet a typical Nigerian loyal to Bola Tinubu will argue to the last that it doesnt matter, my country Nigeria is where you'll see criminals holding political positions and are never prosecuted even when damning evidences are
  • by Sahara Reporter Sep 15, 2008 Facts have emerged that the erstwhile Governor of Lagos state, Asiwaju Bola Tinubu may have been involved in a white heroin trafficking network which operated in Chicago and some parts of Indiana and led by one Adegboyega Mueez Akande between 1988 and 1993. The source of the white heroine was identified as one Mr. Lee Andrew Edwards who was incarcerated for attempting to murder a federal agent while the agent was executing a search warrant on him.
  • Nigeria’s unity and stability do not matter as much now in 2015 to Bobo Chicago as his freedom from prosecution.
  • by SaharaReporters, New York Feb 18, 2009
  • A contractor (name withheld) needed to collect his payment for a contract he executed for the Lagos State Government. Having met a brick wall everywhere he went in the pursuit of his payment, his boon came up with a quick-fix. “Let’s go and see the ‘Lion of Bourdillon,’” he suggested to his contractor-friend. The contractor and his friend eventually managed to arrange a meeting with the ‘Lion’ at his Bourdillon Road, Ikoyi residence in the wee hours of the day. And as the ‘Lion’ listened to the contractor as he narrated his story, it was apparent that he was tired as all he could do in response was to yawn as he dragged himself from his chair. “Lagos is tired,” the ‘Lion’ muttered, walking towards his bedroom, adding, “Eko wants to rest,” without minding his guests.
  • Although this was 27 years ago, Bola Tinubu is still frequently being invited for questioning whenever he steps foot in the United States.
  • Oriental Hotel belonging to the national leader of the All Progressives Congress (APC) Bola Tinubu, has been set ablaze at Lekki Phase One, Lagos State.
  • The management of Afriland Properties Plc, a firm being promoted by former UBA boss, Tony Elumelu has disagreed with Lagos state governor, Akinwunmi Ambode over the latter’s claim that the contract between the state government and the firm on the notes with concern, recent reports redevelopment of Falomo Shopping Centre, Ikoyi Lagos. While Ambode announced on Wednesday that the concession contract with the firm has been terminated because it paid only N50 million for a 50 years lease, the property development company in a statement today by its MD/CEO Uzo Oshogwe, said the governor’s claim was not true.
  • With shares and interest in hundreds of other businesses and interests, Bola Ahmed Tinubu Net Worth is estimated to be N10Trillion making him probably the richest politician in Nigeria after General Ibrahim Faculty of Education and Arts,ibrahim Badamasi Babangida University Lapai
  • Published 3 years ago on May 14, 2018 By The Society The operations of the First Nation Airways have been suspended indefinitely. And this is not an internal affair of the airline with politician Asiwaju Bola Ahmed Tinubu as the chief investor. Sources confirmed the development is a sanction by regulating agency Nigerian Civil Aviation Authority (NCAA) for “illegal operations”. “First Nation Airways was suspended for unauthorized and illegal operations” societynow.ng learned. The sanction comes via indefinite suspension of the Air Operators Certificate of the airline by the NCAA. According to agency spokesman Sam Adurogboye “The suspension is sequel to the flagrant and continuous violation of the terms and conditions of issuance of it AOC by the airline thereby carrying out unauthorised and illegal operations.” “The letter revealed that when the AOC of First Nation Airways expired, the airline did not have at least two airworthy aircraft capable of servicing its approved schedule as required by Part (ii) of Nigerian Civil Aviation Regulation (Nig.CARS) 2015.
  • “I have no dime, no kobo investment in the toll gate,” Asiwaju Bola Ahmed Tinubu, APC Leader disclosed today amid claims that he instructed soldiers to disperse protesters because of the daily loss of income at the toll gate allegedly owned by him..
  • Tinubu missing in action (Naijah For Real Blog)
    Former Governor of Lagos State and a leading founder of the All Progressives Congress (APC), Asiwaju Bola Tinubu, has been absent from public engagements in the past few weeks because of health issues. Bola Tinubu Going by the statement from Tinubu Media Office, the cause is a previous sports injury, which at the moment became aggravated as a result of rigorous political and family related activities.
  • The first is the fraud called Bola Ahmed Tinubu who literally worships Buhari and literally prays and makes supplications to him every night . The second is the foul-mouthed, pot-bellied creek Haramite from Rivers state called Rotimi Amaechi who has sold his own people down the river, who said that saturday’s presidential election would be “a battle and not an election” and who has threatened violence against the people of Rivers state for the sake of Buhari. The third is the pamper-wearing and over-bloated pregnant frog from Imo state called Rochas Okorocha who once said that Buhari was the best thing that has ever happened to the Igbo since sliced bread. The fourth is the cruel, violently aggressive, abusive, mentally-unstabe delinquent and unconciable sociopath from Kogi state called Yahaya Bello who once said “Christians are angry with Buhari only because they can no longer steal to pay tithe”.
  • By Olasunkanmi Akoni & Monsur Olowoopejo LAGOS — Lagos State Government has shut the popular Apapa Amusement Park and demolished many structures in the park, citing environmental and security concerns for its action. Read more at: https://www.vanguardngr.com/2012/03/lagos-shuts-apapa-amusement-park/
  • National leader of the All Progressives Congress, APC, insisted yesterday that he had no stake in the Lekki Toll gate operated by Lagos Concession Company, LCC, proposing that the facility be shut indefinitely to traffic, if that would exonerate him of allegations that he ordered the shooting of #EndSARS protesters there last Tuesday. Read more at: https://www.vanguardngr.com/2020/10/lekki-no-stake-in-lcc-says-tinubu-calls-for-shutdown-of-toll-gate/
  • The Massive Looting Of Lagos By Tinubu and Co. (Ocnus.Net News Before It's News)
    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 cornered a multi billion road construction job in Ogun State, has in his pocket all the juicy contract in all the Action Congress’ states.
  • Tinubu: My Life, My Story (pmnewsnigeria)
    Tinubu: My Life, My Story Tuesday, April 3, 2012 12:34 pm | Daily News Headlines | 31 Comment(s) Former governor of Lagos State, Asiwaju Bola Ahmed Tinubu, tells his story in a marathon interview with TheNEWS editors in Lagos
  • Colonel Tony Nyiam (rtd) who is a chieftain of the National Democratic Coalition (NADECO) has said that the late Moshood Abiola’s son, Kola Abiola, got it wrong in his statement regarding his father’s relationship with Chief Bola Tinubu. Read more: https://www.legit.ng/1243809-june-12-the-facts-tinubus-relationship-abiola-nadeco-chieftain.html
  • How NADECO was formed, by Osoba (thenationonlineng)
    Elder statesman and veteran journalist Aremo Olusegun Osoba, has reflected on the formation of the umbrella pro-democracy organisation, the National Democratic Coalition (NADECO), saying that members of the group made enormous sacrifices for democracy.
  • The June 12 1993 presidential election, won by Moshood Abiola was adjudicated the freest and fairest election in Nigerian history. Lamentably, the military government of General Ibrahim Babangida annulled the election. In place of Abiola, he appointed Ernest Shonekan to head an interim government. The Shonekan government wobbled under its own weight of illegitimacy, inherent weakness and lack of moral authority. It finally collapsed when General Sani Abacha, the Minister for Defense in the interim government, shoved aside Shonekan and seized power.
  • Posted by Odinaka on Thu 09th Nov, 2017 - tori.ng Here are the faces of the children of the powerful national leader of the ruling All Progressive Party (APC), Asiwaju Bola Ahmed Tinubu.
  • Let’s take a closer look at the life of former governor of Lagos State and current National Leader of the All Progressive Congress, Bola Tinubu. How did he spend his early years? What is he up to now? What is known about his children? Find out below.
  • By IKECHUKWU NNOCHIRI ABUJA—THE Code of Conduct Tribunal, CCT, sitting in Abuja, yesterday, quashed the entire 3-count criminal charge that was preferred against the erstwhile governor of Lagos state and leader of the opposition Action Congress of Nigeria, ACN, Asiwaju Ahmed Bola Tinubu by the federal government. Read more at: https://www.vanguardngr.com/2011/12/tinubu-floors-fg/
  • Mr Tov (celebsmoney)
    Mr Tov‘s source of wealth comes from being a tiktok star. How much money is Mr Tov worth at the age of 28 and what’s his real net worth now?