Saturday, December 21, 2024

Nigeria 2023: Will past US Drug Cash Settlement Saga Dent Tinubu’s Electoral Chances?

As the Nigeria presidential electiond draws close, details of a 1993 settlement between United States authorities and Nigerian Presidential hopeful, Bola Tinubu, which led to the forfeiture of $460,000 suspected to be the proceeds of drug trafficking have resurfaced ahead of the 2023 election.

And the logical question to ask is: Will this affect Tinubu’s fortunes at the polls?

This is really an issue Tinubu’s team thought was dead and buried since it happened some 30 years ago.

READ MORE: Zambia Anglo-American Copper Mining Prospects Lifted as Cadastre Office Reopens

However, it has now resurfaced and dominated the social media space for the past 48 hours in Nigeria, Africa’s largest democracy.

It is posited that between the late 80s and the early 90s, Tinubu came under investigation after funds suspected to be proceeds of drug trafficking were traced to his bank accounts.
And this development quite has the potential of turning the electoral tables against this presidential hopeful, at the polls.

Hot this week

Sudan’s Crisis in Focus as U.S. Pledges New Humanitarian Funding

U.S. Secretary of State Antony Blinken is set to...

Nigeria’s Telecom Regulator Pushes for Simplified Tariffs, Ensures Service Quality

Nigeria’s telecom users can expect clearer tariff plans and...

Nigeria’s Electricity Subsidies Rise to ₦199.64bn in December

Nigeria’s Federal Government spent ₦199.64 billion on electricity subsidies...

Peter Obi Offers to Fulfill Bail Conditions for Activist Dele Farotimi

Former Anambra State Governor, Peter Obi, has pledged to...

2025 Budget: FG Sets N27bn Aside for Obasanjo, Buhari, Gowon, and Others

The Nigerian government has earmarked N27 billion for the...

Peter Obi Offers to Fulfill Bail Conditions for Activist Dele Farotimi

Former Anambra State Governor, Peter Obi, has pledged to...

2025 Budget: FG Sets N27bn Aside for Obasanjo, Buhari, Gowon, and Others

The Nigerian government has earmarked N27 billion for the...

Apple Denies DRC Claims, Faces Legal Challenges Over Conflict Minerals

Apple has denied claims by the Democratic Republic of...

Yahaya Bello Regains Freedom After Meeting Bail Terms

Former Kogi State Governor Yahaya Bello was released from...

U.S. Announces $230 Million in New Aid for Sudan Amid Humanitarian Crisis

The United States has pledged an additional $230 million...

Stampede at Ibadan Event Leaves 35 Dead, Families Devastated

At least 35 children lost their lives in a...

Nigeria’s Supreme Court, 14 MDAs Fail 2024 Ethics Test, ICPC Report Reveals

The Independent Corrupt Practices and Other Related Offences Commission...

Hackers Breach Nigeria’s Statistics Website, Disrupt Access to Vital Data

Nigeria's National Bureau of Statistics (NBS) is scrambling to...

Related Articles

Popular Categories