The All Progressives Congress (APC) has shed light on the circumstances that led to its candidate and president-elect, Bola Tinubu, forfeiting $460,000 to the government of the United States of America, USA, in 1993 as a result of a drug trafficking allegation.
The Party maintained in its processes filed at the Presidential Election Petition Court that Tinubu simply surrendered funds in ten bank accounts opened in his or Compass Finance and Investment Co.’s name.
The Labour Party’s Presidential Candidate, Peter Obi, had challenged Tinubu’s election victory, claiming, among other things, that the APC candidate was not qualified to run in the election.
He said Tinubu’s forfeiture of his funds to the US government over a drug trafficking allegation was an indication that he engaged in infractions that were enough to disqualify him from contesting an election.
The APC, however, told the tribunal that funds in the said accounts, which were domiciled in two commercial banks, were subject to a civil forfeiture proceeding in Case No: 93C4483.
According to the APC, the purported decision of the United State District Court Northern District of Illinois, Eastern division in the said case, was not a fine but a decree of forfeiture of the amount of $460,000 to the United State pursuant to the settlement of claim by the parties to the case.
Besides, the APC, through its team of lawyers led by Prince Lateef Fagbemi, SAN, told the court that the Federal Government had as far back as 2003, through the American Consulate in Nigeria, inquired about Tinubu’s criminal record.
It said the outcome of the inquiry which FG made through the Inspector-General of Police, yielded a clean bill of health that unequivocally and unreservedly cleared Tinubu of any criminal record, in the United States of America.
It further argued that the said forfeiture Tinubu made to the US government, having lasted a period of 29 years, was no longer a valid ground to challenge his eligibility to contest the presidential election.