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Why Tinubu Forfeited $460,000 In US — APC Tells Court - Politics (11) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Why Tinubu Forfeited $460,000 In US — APC Tells Court (68618 Views)

Forfeited $460,000 Was A Civil Matter: Tinubu's Witness, Bamidele Tells Tribunal / Bola Tinubu Forfeited $460,000 To US Govt For Narcotics Trafficking - Paul Ibe / Ondo Election: There Is Gang Up Against Us – APC Spokesman (2) (3) (4)

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Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by UNDFTD: 12:24am On Apr 12, 2023
APC and the likes of Funny Food Kayode and Fraudstus Keyamo might insist that the Drug Baron-in-Chief, Tiefnubu, was NOT indicted for drug trafficking. That may be true but to claim that his forfeiture was a civil case is a lie. The truth of the matter was that Tiefnubu forfeited the amount of $446,000 under a Criminal Statute 18 U.S. Code § 1956 & 1957 and NOT under a Civil Statute. Below are the facts of the case and the findings by the United States District Court, Northern District of Illinois, Eastern Division in 1993:

1. That there was in fact a proceeding in the United States District Court Northern District of Illinois Eastern Division in 1993 in which the United States of America was the Plaintiff and the funds in 10 accounts held by Bola Tinubu and Compass Finance and Investment Co. at First Heritage Bank and Citi Bank International in the United States were the Defendants. 



2. The substance of the application filed by the United States Attorney was an in rem forfeiture case brought pursuant to 22 U.S.C.
Section 881 and 18 U.S.C. Section 981 which provides for the forfeiture of property representing the proceeds of drug trafficking and property involved in money laundering.” 



3. Bola Tinubu defended the said publication through his counsel Patrick S. Coffey and there was a stipulation and compromise
settlement (plea bargain) of claims to the funds held by Heritage Bank and Citi Bank.


4. The United States and the Individual Claimants i.e. Bola Tinubu and others agreed to settle and to compromise (plea bargain) this
action upon terms previously presented to the court. 



5. The court made the following findings “The United States filed a verified complaint for forfeitures against the funds in the above-captioned defendant accounts because there was probable cause to believe that the property represented proceeds of narcotics trafficking or was
property involved in financial transactions in violation of 18 U.S. Code § 1956 & 1957 and therefore was forfeitable to the United States pursuant to 21 U.S.C. Section 881 (a) 6 and 18 U.S.C. 981. The funds in the defendant's accounts were seized initially by seizure warrants.”



6. From the findings of the court, Bola Tinubu has admitted and acknowledged that the funds traced to his account represented
proceeds of narcotics trafficking or property involved in financial transactions in violation of 18 U.S.C. 1956 and 1957 and therefore was forfeitable to the United States pursuant to 21 U.S.C. Section 881 (a) and 18 U.S.C. 981. The funds in the defendant's accounts were seized initially by seizure warrants.



7. Following from (6) above, Bola Tinubu has also admitted that he was involved in laundering proceeds of drug trafficking in the United States of America and the proceeds of such illicit drugs or money laundering in the amount of 460,000 US dollars be forfeited to the United States Government. 



8. Although Bola Tinubu was not charged to court for trafficking in narcotics, he was nonetheless indicted for laundering proceeds of drug trafficking being financial transactions forfeitable to the United States Government. 



9. Bola Tinubu opted for a settlement (plea bargain) so that he would not forfeit the whole money. He would have forfeited the whole money if the matter had gone through a full trial. 




So, it's very disingenuous of Tiefnubu's acolytes and supporters to try to use semantics to try to deceive Nigerians who are NOT legally savvy.

4 Likes

Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by Lithiumite: 1:11am On Apr 12, 2023
Allardyce:
They are admitting that he forfeited that huge sum.
Good, dem go hear am grin

When did they ever deny in the first place......you should rather show us a proof of conviction and were he was found guilty by any court of law for drug related offences anywhere in the world........let obi keep pulling wools over your eyes by making you chase after irrelevance while he is cutting a good deal for himself.
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by lexy2014: 1:28am On Apr 12, 2023
Corn247:


What kind of useless question is that, i have a friend who just forfeited a land because he was scammed. To forfeit is not conviction

Still doesn't answer the simple question. Why did Tinubu forfeit the said money and where did he get d money from in the first place?

1 Like

Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by lexy2014: 1:29am On Apr 12, 2023
PulaPower:

Everything would be clarify to you when court starts

If you aren't defending, then what are you clarifying?

How did Tinubu come by the $460k that he forfeited?

Why does the "clarification" admit that Tinubu forfeited the $460k?

Although not convicted of any crime, why did the US govt ask Tinubu to forfeit the money?

2 Likes

Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by Pointnoire(m): 3:09am On Apr 12, 2023
Obidient google lawyers

Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by broadman20: 3:57am On Apr 12, 2023
Raskimonojendor:

You better go and read your book and don't let a motivational speaker tell you that you can make it with a 3rd class.

https://archive.businessday.ng/uncategorized/article/soyinkas-mythical-third-class-and-our-excuse-for-failure/#:~:text=Titled%20'I%20didn't%20make,as%20widely%20believed%20by%20Nigerians.



Hmmmmm!

So this is your proof?

So unconvincing!
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by broadman20: 3:59am On Apr 12, 2023
GogetterMD:


Sigh. Here brethren, on this very table you would find the children of hate. Do you even have the slightest idea of what it means to win a Nobel Laureate? Like the faintest idea at all?


He can win the heavens and earth but it doesn't change the obvious fact about his 3rd class degree result.
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by rippa(m): 4:31am On Apr 12, 2023
citygarden:
Finger Cross, tinubu will win this case. Is dead on arrival. Obi only want to try his luck. You can see the petition obi wrote to the court. He only want the Court to disqualify tinubu and court should order fresh election. He didn't claim he won the election as stated before he went to court. This case of drug have been tested in the courts doing obasanjo regime tinubu won upon being opposition to the government . Talk less of when is now awaiting gcfr.
Ignorance is bad
U didn't even read Obi case🤣🤣🤣
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by shogz89: 4:54am On Apr 12, 2023
Believeintruth:


Haaaaa!!!!!!! Fear God oooo so they paid $460k to Tinubu's account in error abi. And instead of going to the bank to investigate, he forfeited to the US government abi!!!! Ahhhh this is gaslighting probably walahi.
Donake:
Nobody is asking of any arrest,warrant but to ask the investigative team to affirm what the civil o criminal forfeiture was for?

Can a government ask anybody to forfeit funds when there is no crime, fraud or illegal funds suspected to be routed through such accounts? The enquiry through the IGP isn't enough. Get a DEA agent to testify before the courts so these matters can be laid to rest.


Abeg rest, I was responding to this quote and not whether money paid into BAT account was in error.
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by alade00: 4:54am On Apr 12, 2023
IamDietiesGod:
Well, irrespectives of any thorough claims, evidences, verdict or judgement, some individuals would still believe what they want or like to believe but that won't stop the court of law from giving a deserved judgement based on fact (s) and substantial evidence (s) lay before the Court of law.
Na to sue any bastard that carry fake news to come and defend their lies
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by alade00: 5:04am On Apr 12, 2023
SKIBiNSKI:
This case will show us and the whole world how and if the naigerian courts and judges are credible and incorruptible. grin let the courts decide.
US already cleared him,what else do you think will happen,despite trying to make the drug case all over the world,still nothing comes out of it,am sure some media house in US would have made their own investigation and discovered it was a futile effort
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by misano(m): 5:06am On Apr 12, 2023
LP Party has no case here. But this Tinubu worwor sha.
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by alade00: 5:09am On Apr 12, 2023
lexy2014:


Why did Tinubu forfeit the said money and where did he get d money from in the first place?
So u want Tinubu and his supporters to do that for u? Go and ask uberfact na
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by GogetterMD(m): 5:15am On Apr 12, 2023
broadman20:



He can win the heavens and earth but it doesn't change the obvious fact about his 3rd class degree result.

Alright dear. Whatever makes you sleep at night
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by alade00: 5:18am On Apr 12, 2023
maestroferddi:
You are not subpoenaing any IGP which will be system coming to help the system...

Subpoena Illinois/State of Georgia authorities to come and declare you innocent...
And how are you going to do that? Thru the 🇺🇸 embassy that already cleared him?
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by alade00: 5:25am On Apr 12, 2023
PulaPower:

But USA didn’t charge him and he was never indicted for any crime..
Let them teach US their job since they know everything
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by broadman20: 5:26am On Apr 12, 2023
GogetterMD:


Alright dear. Whatever makes you sleep at night


Good for you too my dear.
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by madampresh(f): 5:27am On Apr 12, 2023
In my humble opinion, some Nigerians are the ones killing Nigeria.
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by bewla(m): 5:28am On Apr 12, 2023
IamDietiesGod:
Well, irrespectives of any thorough claims, evidences, verdict or judgement, some individuals would still believe what they want or like to believe but that won't stop the court of law from giving a deserved judgement based on fact (s) and substantial evidence (s) lay before the Court of law.
You mean like some criminal will like to steal our 8.62 million vote giving to the president elect , buy treachery when they no them have this why not bring it before the election

Ole

1 Like 1 Share

Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by alade00: 5:29am On Apr 12, 2023
jaxxy:


what are u saying? He was guilty and forfeited to avoid jail. There was no conviction like okupe because tinubu knowing he stood no chance admited to guilt and was offered a settlement.

okupe didn't admit to guilt bt rather claimed he was innocent bt the court proceeded and found him guilty.

if tinubu didn't accept the Forfeiture settlement he was going to jail as he was clearly guilty.
He was guilty and forfeited to avoid jail?,this is a drug case we are talking about and it's very serious in US,Tinubu wasn't arrested,no mugshot or record of his arrest

1 Like 1 Share

Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by occfx: 5:38am On Apr 12, 2023
Gucciblog:


Me wey no be even Lawyer go carry lighter burn this kind defense brought by APC. Kai.

Well, for those that care to hear what APC said as reason for the forfeiture;

The forfeiture order was made against the bank account of Bola Tinubu and not the person of Bola Tinubu, claims BAT.

With this, all the boys EFCC are arrested in regards bank fraud can now appeal there cases.
Na their account get case no be them 😆 😂

APC'S defense be like

LOL, a nuclear Nigeria is possible.... If I kidnap person and collect ransom, I will simply go to court and plead with the court that the problem is the huge sum ransom in my account and not me. They can arrest the Ransom and I am ready to forfeit it. I am innocent. cheesy
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by a4cube: 5:44am On Apr 12, 2023
Lithiumite:


When did they ever deny in the first place......you should rather show us a proof of conviction and were he was found guilty by any court of law for drug related offences anywhere in the world........let obi keep pulling wools over your eyes by making you chase after irrelevance while he is cutting a good deal for himself.
Kayemo said it was a tax deduction.
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by lexy2014: 5:54am On Apr 12, 2023
alade00:

So u want Tinubu and his supporters to do that for u? Go and ask uberfact na
Why did Tinubu forfeit the said money and where did he get d money from in the first place?
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by OgaSeun: 6:01am On Apr 12, 2023
Allardyce:
They are admitting that he forfeited that huge sum.
Good, dem go hear am grin

Mumu, it has never been denied
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by Amspecial: 6:33am On Apr 12, 2023
What is this foolishness you keep posting up and down about one idowu in U.S. Embassy
The jokes on you agbadorian
PulaPower:
[/b]
Bone of contention is..
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by FireUpNow(m): 6:36am On Apr 12, 2023
A good name is worth more than silver and gold. The current president of Brazil was a factory worker
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by wonderr(m): 6:39am On Apr 12, 2023
Tntsi:
You cannot defend indefensible.
Druggie is in for it. He must personally show up to discuss this matter that he has managed to suppress and repress since 1999.

PODATTI has finally brought it to the world stage. Druggie must show up to testify.
even if the angels come down and testify for him you know your blunt head won't still believe. USA don talk say Dem no get any criminal record against am you still dey shout make he kon testify
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by Thomasankara(m): 6:44am On Apr 12, 2023
[/color]is that what he meant by saying he will prove it to the world that they won the election?[color=#770077]
Tntsi:
You cannot defend indefensible.
Druggie is in for it. He must personally show up to discuss this matter that he has managed to suppress and repress since 1999.

PODATTI has finally brought it to the world stage. Druggie must show up to testify.
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by youngrichnigga: 6:45am On Apr 12, 2023
“The said decision is not against the 2nd Respondent (Tinubu) but against the funds in the various account opened in the name of Bola Tinubu with First Heritage Bank and City Bank N.A.
This quoted part is so hilarious, how can you say the decision was against the money and not the owner, APC will turn the law on its head o undecided undecided undecided undecided undecided undecided
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by PulaPower: 6:47am On Apr 12, 2023
lexy2014:


If you aren't defending, then what are you clarifying?

How did Tinubu come by the $460k that he forfeited?

Why does the "clarification" admit that Tinubu forfeited the $460k?

Although not convicted of any crime, why did the US govt ask Tinubu to forfeit the money?
I'm clarifying that a civil forfeiture is different from criminal justice financial obligations. This was why tinubu wasn't charged for any wrong doing..

The money he forfeited isn't his own personal money. IRS traced the money and found it was money from drug proceedings..

Tinubu was an accountant in USA with many clients. Any of his clients might have used his account without telling him the source of the money..

IRS forwarded the case to DEA/FBI, both found tinubu not to be involved in the drug whatever. This was why tinubu was never arrested, no indicted, nor charged!

The case was closed after forfeiting the money and it ends their..

If you buy a stolen phone in USA unknowingly, you'll forfeit it but won't be charged.

Infact, I read a case of a woman that embezzled money to finance her kids wedding. All the clothings they bought with the money were forfeited grin. E no concern USA say them don wear ham before. But that doesn’t mean everyone that wore the cloths the woman bought were charged. They just forfeited and that’s all!
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by Jones4190(m): 6:48am On Apr 12, 2023
colorsofrainbow:


OBJ had no solid direct evidence as it is now. Was more like a rumour at that time.. Now,all the documents regarding the criminal drug case are intact dug out & in the public domain with witnesses in line. Don't try to compare this to obj cos u will be making huge mistakes on that basis.
you means tinunu fortified $460k after obj tenure?
Re: Why Tinubu Forfeited $460,000 In US — APC Tells Court by PulaPower: 6:49am On Apr 12, 2023
Amspecial:
What is this foolishness you keep posting up and down about one idowu in U.S. Embassy
The jokes on you agbadorian
E pain you say Wetin you wan hear no happen.

The fact that he wasn’t indicted would give you people migraine for a long time shuu..

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