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First with the News

Pandora Papers: Nigerian Governor Denies Purchasing Property In London

October 10, 2021
in Economy, Legal, Top Stories
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By Chioma Iruke

Governor Adegboyega Oyetola of Osun State, has described as unfounded and untrue, the report linking him to the purchase of a property in London, United Kingdom.

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Oyetola insisted that he resigned from the company, ‘Aranda Overseas Corporation’, that was allegedly used to buy the said property in 2011 upon his appointment as the Chief of Staff to the then Osun Governor, Rauf Aregbesola.

He explained that he had no relationship whatsoever with Adebayo Aluko, the alleged owner of the said property, let alone have any business transaction with him.

In a statement issued by his Chief Press Secretary, Ismail Omipidan, Oyetola revealed that he had not broken any law of the land, as he also resigned his Directorship of Global Investments Offshore Limited upon his appointment, in 2011.

“We have seen reports in some online media platforms concerning the PANDORA PAPERS’ allegations. This is, therefore, to set the record straight.

“Mr. Adegboyega Oyetola, Governor of Osun State, resigned his directorship of Aranda Overseas Corporation in 2011, when he took up political appointment. He also surrendered his shareholding of the same company.

“Since 2011 till date, he has had no association, dealings and business transactions with the said company, as he is neither a director nor shareholder of the said company.

“He, therefore, could not have acquired the said property in 2017 either directly or through the said company as being alleged.

“As a matter of fact, Oyetola has no relationship or link with the alleged owner of the property, Mr Kolawole Aluko, let alone go into a business dealing or transaction with him.

“He also complied fully with the law of the land by exiting Global Investments Offshore Limited, as a Director in 2011, upon his appointment as the Chief of Staff to the immediate past governor of Osun, Rauf Aregbesola.

“Oyetola has always shown that he is a man who knows and respects the law in his corporate and political endeavours,” the statement read.

Tags: Adegboyega OyetolaOsun State GovernmentPandora Papers
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