Exclusive: Fayemi Buys N1.2bn Mansion In Lagos, Rakes In N2bn From Primary Election
The immediate past Minister of Solid Minerals Development and the All
Progressives Congress (APC) candidate in the coming Ekiti State
Governorship election has bought a property at the GRA, Ikeja, Lagos.
The property according to sources is worth N1.2 billion.
The property is located at Tayo Ayeni Street, and bounded by Oduduwa
Crescent and Ladipo Bateye Street.
Fayemi bought the mansion from Mr. Tayo Ayeni, the Chairman of Skymit Motors.
Negotiation for the property started before the APC primary election
which turned rowdy at Ado-Ekiti. The primary was later rescheduled and
Our sources revealed that he concluded the deal and moved into the
property the very week he won the primary election.
The Minister was seen driving into the palatial house at exactly
5.56pm on Friday, May 18, 2018 with his security aides. He wore a
black kaftan with his trademark cap.
This building is about 500 yards from the Ekiti Liaison Office on
Oduduwa Crescent, which has turned into an abandoned property for more
than five years. During his tenure as Ekiti governor, Fayemi secured a
N25 billion bond which his government stated was for the development
of infrastructure in Ekiti. N2.5 billion out of the bond was earmarked
for the building of the Liaison Office.
Despite the fact that the Ekiti building was not completed, Fayemi,
immediately after leaving office as governor, bought a property on the
same Oduduwa crescent which he used as both office and home, before
acquiring the new house.
No 58, Oduduwa Crescent is on the upper part of the street. It
contains a twin duplex. While one serves as office for both Fayemi and
his wife, the other serves as residence. He still had a meeting with a
team of selected journalists and editors at the office last Friday
Sources revealed that Fayemi bought his new property from funds he
received from friends of President Muhammadu Buhari to aid his
governorship campaign. Two leading Nigerian businessmen of northern
extraction were said to have given him substantial amount of money to
prosecute the election campaign. One gave him N2 billion, while the
other dolled out $5 million.
One of the sources, a prominent aide of the APC candidate said he is
comfortable buying the property since he had been assured of more
funds as the election approaches.
A budget of N25 billion was reportedly presented to President Buhari
by Fayemi to prosecute the July 14 election.
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