Seyi Tinubu, the son of Nigeria’s President-elect, Bola Tinubu, has been accused of purchasing a property in London worth approximately $11 million. The mansion, located in North London, was allegedly bought by the 37-year-old son of the former Governor of Lagos State in 2017, and his father received President Muhammadu Buhari at the house in 2021.

According to Bloomberg, the property in St. John’s Wood, a reputable area of London, has an eight-car driveway, two gardens, electric gates, and a gym. The house was being investigated for seizure by the Nigerian government due to its link with fraud proceeds by a Nigerian citizen, Kola Aluko. The younger Mr Tinubu purchased the house through an offshore company, Aranda Overseas Corporation, which paid £9 million ($10.8 million) to Deutsche Bank for the mansion. The house sits on a 7,000-square-foot plot.

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Bloomberg describes Seyi Tinubu as the main shareholder of Aranda, which documents from the Pandora Papers leak of offshore companies data showed that the former Governor of Osun State, Adegboyega Oyetola, who is also a relative of the President-elect, was on the board until 2010. Seyi Tinubu has been in control of British Virgin Islands-registered Aranda since June 2011.

The report said that Mr Aluko is suspected of owning the property before it was allegedly acquired by Mr Seyi Tinubu. But Mr Aluko, who was accused of $1.6 billion fraud by the Nigerian government, denied all allegations of wrongdoing. The spokespersons of the Tinubus did not respond to comments on the issue, while a British lawyer listed as Aranda’s agent in the UK refused to speak on the matter due to confidentiality rules.