Big Trouble For Billionaire Adebutu’s Cash Cow ‘’Baba Ijebu Lotto’’ Over N5billion Tax Fraud Allegation

Charles Oyelesi

Details available have it that this is a rough period for the operation of Premier Lotto the lottery business better known by the street name Baba Ijebu.

The mega lottery business owned by billionaire Kessignton Adebutu – with his children as stakeholders – is facing an alleged N5billion tax fraud.

Information monitored by societynow.ng on the news breaker platform, premiumtimesng.com revealed that investigation has commenced into the allegation of multi-billion naira.

The Economic and Financial Crimes Commission is handling the investigation and Segun, one of the sons of billionaire Adebutu is in detention over the issue.

Segun who is a management staff at Premier Lotto is being interrogated over the allegation made in a petition written to the anti-corruption agency by Kashamu Buruji, the founder of rival business Western Lotto.