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EFCC After Baba Ijebu Over Multi-Billion Naira Tax Fraud (See Full Details)

PublishedBy: in Nigeria NewsJanuary 29, 2020


Kessington Adebutu, Founder and Chairman, Premier Lotto Nigeria Limited whose business empire has enjoyed decades of patronage as a household name across the country.

As part of the investigation on Tuesday, anti-graft detectives at the EFCC office in Lagos detained and questioned Segun Adebutu, son of the octogenarian, questioning him on matters ranging from alleged tax fraud to economic sabotage, sources familiar with the development told PREMIUM TIMES.

Anti-graft officials said Mr Adebutu’s business activities recently became a subject of their suspicion following a petition from another betting company, Western Lotto. The December 2019 petition from Western Lotto, run by politician Buruji Kashamu, asked the EFCC to investigate billions of naira in lost government revenues and tax fraud against Mr Adebutu’s Premier Lotto. PREMIUM TIMES saw a copy of the petition on Tuesday.

Officials told PREMIUM TIMES they have identified at least N5 billion in revenue losses against the government since the investigation began — directly blaming the management of Premier Lotto for allegedly shortchanging Nigerians.

Mr Adebutu did not return PREMIUM TIMES’ request for comments about the arrest and ongoing investigation into his company. Officials at Premier Lotto office in Abuja declined comments.

Tony Orilade, chief spokesperson for the EFCC, did not immediately return a request seeking comments about the arrest and ongoing investigation into Premier Lotto and other lottery operators.

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About Solomon Alozie

Solomon Alozie AKA (KingSolomon) is the founder and CEO of Soloplay.ng, he is a web designer and a blogger from Imo State. This website is designed to bring to you breaking News on Sports, Entertainment and Politics.

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