Pandora Papers: Gov Oyetola responds to claims of ownership of offshore accounts

Governor of Osun State, Adegboyega Oyetola, has denied reports by the Pandora Papers linking him to multi-billion naira business and property ownership overseas.

The Pandora Papers, an investigation carried out by the International Consortium of Investigative Journalists, exposed hidden wealth owned by hundreds of politicians and serving heads of governments in countries across the world.

According to the investigation, Oyetola was said to have bought a multi-billion naira property in Westminster, London, which formerly belonged to Kolawole Aluko, an international fugitive wanted by law enforcement agencies in Nigeria and the US for money laundering.

The property was said to have been purchased in 2017, via Aranda Overseas Corporation, a company in which Oyetola served as director.

He was also said to have held a position as Director in Global Investments Offshore Limited up until 2018, and throughout his tenure as Chief of Staff in former Governor Aregbesola’s administration, thereby violating Nigeria’s code of conduct law for public officers.

In response to the Papers which were published on October 3, Chief Press Secretary to the governor, Ismail Omipidan, has released a statement denying the allegations.

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The statement reads, “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.

“While we appreciate family members, friends, associates and well-wishers for their show of concern over the development, we assure them that there is nothing to worry about. Mr. Oyetola has always shown that he is a man who knows and respects the law in his corporate and political endeavours. The God that has brought us thus far will never forsake us.”

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