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Summit Oil palaver: Kudirat Abiola’s son, Abdumumuni, accuses Kola Abiola and sibling of monopolising $50m

Discordant tunes continue to surround the legacies of politician and business mogul, MKO Abiola, 26 years after his death as one of his children, Abdumumuni, has accused MKO’s first son, Kola Abiola, of monopolising an alleged $50m generated by their father’s top company, Summit Oil....For More READ THE FULL STORY▶▶

Abdumumuni said Kola and his sibling (from MKO’s first wife, Simbi) have excluded him and other children from the operation of the business and the ownership of the money.

In an interview on Channels Television’s Mic on Podcast on Saturday, Andumumuni, a son of Abiola’s second wife, Kudirat, claimed: “We are writing a letter to Mr President, seeking his intervention in this matter. Whichever way, he is the Minister for Petroleum. He should see what they have done with my father’s oil company, and know that if this can be happening in such a company, God knows how many companies are also using that, and that might be a reason why our subsidies and all these things are becoming unbearable.

“He (Tinubu) is my father’s friend, he knows everything, my father suffered [sic]. He too has all these assets. Would he like things like these to happen to his children? I’m appealing to him to look into this matter…Let it not be that in Asiwaju’s administration, we’ll be having this conversation come this time next year. Let him solve this problem once and for all. Call all the parties to order! Call Kola to order! Enough is enough!

“There were some revelations made to me which stated that since 2017, Summit Oil had been lifting crude and this was an agreement that he (Kola) had done with a third party, Duport Midstream Limited. Since that time, they had lifted over 566,000 barrels of oil and between that time, $50 million has passed between the operator, Brother Kola’s and his sister, Wura’s hands.

“I wonder where’s all that money going to. That money was never declared. We never even knew that they were lifting. We wouldn’t have known of this problem if not that my brother is now suing the operator for corruption and fraud. And I wonder who is doing the fraud.

“You are depriving me of my inheritance and yet you have the guts to go and accuse somebody of fraud. So, I’m a little bit worried about how he came up with the idea that he’s going to prosecute somebody else because you are doing an illegal thing, lifting without telling anybody in the family.”…For More READ THE FULL STORY ▶▶

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