Monday, October 1, 2018

The Humongous Wealth Tinubu is Protecting

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1. 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 owned by Tinubu being developed as golf course and housing estate by Assets and Resource Management Ltd [ARM]

2. The prime land of 157 hectares  with 2.5km of Atlantic beachfront valued at about N10Billion.

3. The 14 hectares Parkview Ikoyi Estate foreshore land reclaimed by Lagos State Government is also believed to be owned by Ahmed Bola Tinubu and its valued at N3Billion

4. The Annex of the Lagos State Guest House in Asokoro, Abuja bought by the State Govt in 2006 for N450Million to protect the main house from security breach. Shortly after he left office, the property was transferred to him under the Lagos State pension plan.

5. #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 was acquired by Ahmed Bola Tinubu. The property valued at N450M was released to him by Fashola in 2007

6. Tinubu's residence at 26Bourdillon Road, Ikoyi is said to worth over N1.5 Billion which is also part of his net worth.

7. The 250-hectares of land valued at about N35Billion & strategically located at the Ajah junction on Lekki Road which was initially meant for a General Hospital for d people of Eti-Osa is now his property. The property has been developed as Royal Garden Housing Estate.

8. He also acquired for himself sophisticated private jet worth $60Million.
Tinubu also owns some first class luxury cars, one of them is G-Wagon said to worth N600 Million and built with bullet proof and bomb detector apparatus as well as surveillance cameras.

9. The choice property at Lekki- Epe road on which he built the multi- billion naira Oriental Hotel and the extension of a multi storey car park beside it is said to worth N120Billion together with the hotel.

10. A Multi-level recreation center by Mobil in Oniru Estate on Lekki-Epe Expressway jointly owned with ARM and Tunji Olowofe is said to worth N25Billion.

11. Another 3.8 hectare of land at the Lagos State Fisheries Office in Victoria Island valued N3Billion is also his property.

12. The Fishery Landing jetty at Badore [where the Ilubirin fishermen were to be relocated] valued at N500Million is another choice property of Mr Tinubu.

13. The entire Ogudu foreshore scheme valued at N5Billion. Adding to the Bola Ahmed Tinubu Net Worth.

14. The Ilubinrin housing estate [which used to house Lagos State civil servants and judges up till 2007. This housing estate is worth N2.5Billion has been since acquired by Mr. Bola Ahmed Tinubu.

15. The former Julius Berger yard at Oko Orisan, Epe valued at N450Million.

16. Tinbu's wife, Remi Tinubu, built the massive New Era foundation youth camp at  the junction of Eleko, off the Lekki-Epe express road which is also part of Tinubu's wealth.

17. TVC Radio Continental is owned by Bola Ahmed Tinubu as part of his media investments. These two media outfits is valued at N2.6Billion.

18. Oando Oil which is manged by his younger brother, Wale Tinubu is in reality owned by Bola Ahmed Tinubu himself. This oil and gas company with revenue of ₦449.8 Billion and total equity of ₦162 Billion is the largest indigenous oil company in Nigeria.
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