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$460,000 ‘drug money’: Tinubu finally speaks! How US government begged me
That the prosecutors in the case of the $480,000 forfeiture case begged me not to return to press the matter further underscores the fact that there was no indictment, but that they were only after the tax on the money deposited in my accounts, presidential candidate of the All Progressives Congress (APC), Asiwaju Ahmed Bola Tinubu, has declared.
This was his quick riposte to the dust being raised after the surfacing in the public domain of the Certified True Copy (CTC), of the ruling of a US court on issue of the said settlement payment to the government by the former Governor of Lagos State.
Tinubu, who flatly denied that the money forfeited at the instance of the Northern District Court of Illinois, linked to “Bola Tinubu” had any link with drugs, spoke through Festus Keyamo, spokesman of the All Progressives Congress (APC) Presidential Campaign Council (PCC), who stated that there was no crime linked to the money and it was purely a tax issue.
Tinubu, National Leader of the APC, who is currently angling to replace incumbent, President Muhammadu Buhari, for the nation’s number one job in Abuja, next year, has been assailed by the a groundswell of Nigerians, including Peter Obi, the Labour Party (LP), candidate for the same election, who asked him to come clean on the ugly story.
In response, to the expose of the court documents, which also stated that there was probable cause to believe that the funds in bank accounts linked to the named Tinubu were proceeds of narcotics trafficking and therefore ruled that the sum of $460,000 in one of the accounts be forfeited to the US government, in the case that was concluded in in 1993, Keyamo, a guest on Politics Today, a Channels Television political programme, on Tuesday, said the former governor was not sued or indicted on any charge, adding that the case was regarding the funds in 10 bank accounts linked to Tinubu.
Emphasising that the $460,000 forfeiture to US authorities was tax deductibles that should ordinarily accrue to the government, he explained: “These processes are mere presumptions. They found money in his (Tinubu) accounts and they said he needed to come forward. In that affidavit of Kevin Moss, they said they interviewed Mobil and Mobil said this man is a treasurer in Mobil. Mobil said the funds are not for them.
“They confirmed his status not as a criminal but as a respected employee of Mobil. It is in that affidavit. After all the rigamarole trying to find out whether the accounts where the money came from are linked to drugs, they came to the conclusion that the deposits he made — what these bankers called investments — they said he had not paid tax on these interests. That is all. Look at paragraph 38. They said it is tax. They took what belonged to them. They even begged Tinubu not to return. Just allow us take what belongs to us and go. They were begging him. It was not punishment, it was no indictment, it was just forfeiture.”
“The deposits he made there (in banks) were what bankers call investments. He kept the money there and he was getting interests. They (US government) said he had not paid tax on those interests. That is all and guess what? The banks are supposed to deduct the tax from source.
“Out of the 10 accounts, it was only one account – the one in Heritage Bank – that they took $460,000 as tax on interest that he benefited on the investment he made in those accounts. In fact, all the money in Heritage Bank was not taken; they took only $460,000 as tax.”
Apparently pointing accusing fingers on Atiku Abubakar, the candidate of the Peoples opposition Peoples Democratic Party (PDP), as being behind the reincarnation of the controversial court document, following the former Vice President’s recent trip to the US, he said: “His (Tinubu’s) detractors kept bringing up these issues over and over when his political profile is rising, when he wants to run for office or any political turn in his life, they will bring up these issues.
“The date on the papers flying up and down, the date of certification is 2022, so they are using this to confuse people that these are fresh papers. If documents are 40 years old or 100 years old, once you go to court, and apply for certified true copies of those documents, they will give you those documents but they will stamp the day they are giving you those documents.
“This is what our detractors, the PDP, perhaps that is what they went to the US for when they pretended that they went for high-level engagement. This is part of the high-level engagement they went for.”
The Nigerian National Petroleum Company (NNPC) Limited has denied reports that it is selling scrap materials, equipment, or components from its refineries to individuals and private companies.
A Friday statement titled ‘Fraudulent Claims on Sale of Refinery Scrap and Equipment’ issued by its Chief Corporate Communications Officer, Andy Odeh, in Abuja, described the circulating reports as misleading and false.
“The Company wishes to categorically state that this information is untrue. NNPC Limited has not issued any request for bids, tenders, expressions of interest, or approvals for the sale of scrap materials, refinery components, or any items from the warehouses or inventories of any of its refineries”.
It also distanced itself from persons reportedly presenting themselves as the company’s representatives or agents, claiming to facilitate the sale of so-called “scrap metals” or refinery equipment.
“These individuals are not authorised by NNPC Limited and are attempting to mislead members of the public.”
The Company therefore advised the public, corporate organisations, and industry stakeholders to disregard any such claims or solicitations and to exercise caution in dealing with anyone making such representations.
“For the avoidance of doubt, NNPC Limited is not conducting, nor has it authorised, any sale of scrap metals, equipment, or refinery components from any of its facilities”, the statement added, saying that any legitimate disposal of assets by NNPC Limited will only be conducted through established and transparent processes, publicly communicated through the Company’s official channels and in accordance with applicable regulations.
“Members of the public who encounter individuals or entities making such claims are encouraged to report the matter to the appropriate law enforcement authorities.
“NNPC Limited remains committed to transparency, accountability, and the responsible management of national energy assets”, the statement added.
“Disorder cannot be rebranded as authenticity simply because it occurs in public. The allegations regarding judicial interference are equally speculative and irresponsible,” were the words with which the Presidency, pushed back on Saturday to the allegation suppression of democracy in Nigeria by the African Democratic Congress (ADC).
Sunday Dare, spokesman to President Bola in a quick riposte after the ADC’s National Legislators Serving and Former Forum criticised President Bola Tinubu over remarks describing the convention as “noise and a street convention,” dismissed the coalition party as suffering from internal disarray.
Ukeje, on the heels of the ADC national convention recently at the Rainbow Event Centre in Abuja, despite a last-minute alleged attempt to block the gathering had argued that Nigeria is at a critical democratic juncture and accused the administration of shrinking political space.
The group also referenced Tinubu’s past as an opposition leader who once advocated political pluralism and judicial independence, saying his current leadership posture appears inconsistent with those democratic values.
Dare, who described the ADC as a party struggling to maintain “coherence and balance” in a statement titled: ‘WHAT’S THAT NOISE! Response to Hon. Nnenna Elendu Ukeje and the ADC Forum of National Legislators- Nigeria’s latest bunch of conspiracy theorists,’ wrote: “Even before the official commencement of the election season and before the Polls open, the “opposition”, a hurriedly stitched together contraption in search of a launch pad are screaming blue murder.
“The script is familiar: attack and blackmail the President, discredit and second guess the electoral process and hold Press briefings to flaunt unsubstantiated allegations and lies against the administration.
“All of these so that the international community will “help” them. In Honorable Nnenna, the ADC legislators found someone fit for the role. As former chair, foreign affairs committee, 7th and 8th House of Representatives she was their best voice.
“Sadly, ADC will need more than the sophistry and phonetics in her delivery. Let’s begin to tear apart her claims and that of her ADC Forum. The so-called ADC National Legislators Coalition delivered an outing remarkably full of theatrics but expectedly short on substance, restraint, and constitutional fidelity.
“What Nigerians just witnessed from the ADC motley crowed is not a principled defense of democracy, but a calculated attempt to weaponize rhetoric, manufacture outrage, and distract from internal disarray within a political party struggling to maintain coherence and balance. Ironically, the ADC press conference began on a note of truth.
“In their own words, they painstakingly chronicled the democratic credentials of President Bola Ahmed Tinubu—his historic role in strengthening opposition politics, expanding democratic space, defending pluralism, and standing firm even under military and authoritarian pressures.
“They reminded Nigerians that he mobilized resistance, nurtured political contestation, and remained a central pillar in sustaining democratic governance.
“On that point, they were correct and that is because they could not change that solid democratic foundation and narrative of President Bola Tinubu. Let’s give them some acknowledgement for stating it plainly.
“But having established those facts, they took a curious turn—attempting, without evidence, to portray the very same individual as a threat to the democratic values he has consistently upheld.
“That contradiction is not just weak—it is intellectually untenable. A leader’s record is not a switch that flips overnight. The same discipline, convictions, and democratic instincts that defined President Tinubu’s political journey have not suddenly evaporated.
“You cannot spend the first half of a press conference affirming a man’s lifelong commitment to democracy, and the second half alleging—without proof—that he has abandoned it. It simply does not hold.
“On the specific issue that triggered this reaction: the President did not mention the ADC—by name or by implication. His remarks were general, as is consistent with his style as a national leader addressing a broad audience.”
Dare noted that the decision by the ADC to assume those remarks were directed at them is, at best, an exercise in self-indictment. If the description of “noise” resonates, perhaps the issue is not with the statement—but with the conduct it reflects.
“This is not a matter of suppression; it is a matter of standards. Democracy thrives on competition, yes—but it also demands organization, coherence, and credibility. Disorder cannot be rebranded as authenticity simply because it occurs in public. The allegations regarding judicial interference are equally speculative and irresponsible.
“Nigeria’s judiciary remains constitutionally independent, and no amount of conjecture can substitute for evidence. Attempting to cast doubt on the integrity of the courts based on political disagreements is a dangerous path—one that weakens institutions rather than protects them.”
Arsenal returned to the top of the Premier League as Eberechi Eze’s rocket sealed a tense but vital 1-0 win against Newcastle on Saturday.
For the first time since October, Arsenal had started a league game out of pole position after Manchester City’s 1-0 win at Burnley on Wednesday sent them to the summit.
But Eze lifted the Gunners back into first place with his sublime strike in the first half at the Emirates Stadium.
Eze’s 10th goal this season opened up a three-point lead over second-placed City, who were booking their place in the FA Cup final with a 2-1 win against Southampton, while Arsenal were in league action.
It was an essential victory for Arsenal, whose 2-1 defeat at City last weekend was a huge blow to their title hopes.
After losing just three of their first 49 matches in all competitions this season, Arsenal had been beaten in four of the previous six, suffering successive league defeats for the first time since 2023.
Having blown substantial leads in the title race in 2023 and 2024, allowing City to pip them in the trophy, the north Londoners’ recent slump has left them in danger of squandering another golden opportunity to win their first English crown since 2004.
City have a game in hand on Arsenal, keeping the destiny of the title in their hands.
However, they do not play their next league game until May 4 when they visit Everton, giving Arsenal the chance to move six points clear when they host Fulham next weekend.
Before that, Arsenal visit Atletico Madrid in the Champions League semi-final first leg on Wednesday.
City’s win against Burnley had ended Arsenal’s 209-day run as leaders due to their superior goals scored tally.
While Arsenal are back on top with a one-goal better goal difference than City, their failure to run up the score on toothless Newcastle could come back to haunt them.
Newcastle have been in even worse form than Arsenal, and this was their ninth defeat in 12 league games, adding to the pressure on under-fire boss Eddie Howe.
Eze drilled narrowly wide from the edge of the area, a warning that Newcastle failed to heed as the England midfielder put Arsenal ahead in the ninth minute.
Once again, Arsenal’s set-piece mastery paid dividends, but Newcastle were guilty of woeful defending.
Martin Odegaard found Kai Havertz inside the area, and he teed up Eze — left unmarked in virtually the same position as his shot moments earlier — to smash a superb curler into the top corner from 18 yards.
Arsenal’s 17th goal from a corner this season set a new Premier League record for a single campaign.
After playing just six short corners in the league all season prior to facing Newcastle, Arteta’s men deployed three in the first half alone to exploit a vulnerability in the visitors’ defence.
Arsenal were far from flawless themselves, and keeper David Raya was almost caught out by Sandro Tonali’s dipping drive from distance.
Havertz limped off in the 34th minute to extend his injury-plagued season.
And there was more bad news for Arteta on the injury front when Eze was forced off early in the second half.
Arsenal lost their rhythm after the injuries, and Yoane Wissa should have made them pay when he volleyed over from eight yards.
Arsenal’s anxiety was palpable in the stands and on the pitch as Dan Burn’s header was clutched by Raya in the closing stages.
Shaking his head on the touchline, Arteta breathed a sigh of relief as a gripping title race took another twist.
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