FLASHBACK: In 2006, EFCC ‘Detained’ Tinubu’s Appointee Muhammed Babangida Over Globacom Ownership

On July 18, President Bola Tinubu appointed Muhammed Babangida, the son of Ibrahim Babangida, former military head of state of Nigeria, as the chairman of the Bank of Agriculture.

It was rumoured that the younger Babangida had rejected the president’s appointment.

On July 21, however, the chairman-designate officially accepted the appointment offered by Tinubu.

While accepting the offer, Babangida said rumours of the appointment rejection were false and the entities behind the “fake report” would be identified and held accountable.

7 Business Grants & Programs You Need to Apply for Before the Month Ends and How to Apply

Politics Is Local: Hon. Bolanle Aminat Sarumi (BASA) Returns Home to ADC, Picks Up Membership Card from Ward 5, Ibadan North

Interestingly, it was once reported that the former military leader’s son was once detained by the Economic and Financial Crimes Commission (EFCC). Neither Babangida nor the EFCC addressed the incident or shared more details afterwards.

ALSO READ: REVEALED: Why President Tinubu Appoints Yoruba Man, Shamseldeen Ogunjimi as New ‘Federation Accountant General-

EFCC DETENTION OVER GLOBACOM SHARES

In August 2006, the EFCC detained Babangida over an allegation that he owned and controlled 24 per cent of Globacom, a telecommunications service provider in Nigeria.

At the time of Babangida’s reported arrest, Globacom was worth $1.5 billion.

Prior to the incident, Babangida had once been invited by the commission to explain how he came about the wealth used in purchasing the shares at Globacom, but he denied knowledge of such investments.

How to Register Your Business/Company With Corporate Affairs Commission (CAC)
https://wa.me/qr/IYYFWQX57SR4M1

The commission later claimed it got to confirm Babangida indeed had such shares with the Nigerian telco through revelations made by Mike Adenuga, the founder of the company.

ALSO READ: FACT-CHECK: Was Kaduna Police Deputy Commissioner Caught Supplying Ammunition to Kidnappers?

Babangida was later released by the commission. The commission gave no public update on the matter.

On Monday, FIJ emailed Dele Oyewale, the spokesperson of the EFCC. FIJ asked why the outcome of the investigation carried out by the commission on Babangida was never made public, but the email had received no response at press time.

Credit: FIJ