Haunted: Late Kashamu Buruji Troubles ‘’Baba Ijebu’’ Billionaire Kesssington Adebutu

Charles Oyelesi

Emerging details have that the actions of the late Kashamu Buruji are troubling Billionaire Kessington Adebutu and his businesses.

The account of the Adebutu’s immensely popular lottery company Premier Lotto better known as Baba Ijebu – and some other operators – has been frozen based on the order of the Central Bank of Nigeria (CBN) according to information monitored by societynow.ng on saharareporters.com.

According to the news breaker platform the circular that ordered the freezing of the accounts dated September 4, and signed by Bello Hassan, CBN’s Director of Banking Supervision reads in part ‘’ “You are hereby required to place the under listed accounts on Post-No-Debit with immediate effect and revert with the account names, numbers, currencies and balances of all accounts placed on PND.

“Note that only the listed entities should be placed on PND, all related accounts are excluded. Your response should be forwarded to the underlisted email addresses [email protected] or [email protected],”

Information at hand revealed that this development is part of an investigation into the allegation that Premier Lotto and others failed to remit mega-money inform of tax to the government.

The investigation was kick-started based on a petition made by Western Lotto owned by Kashamu Buruji.
Buruji’s petition resulted in the questioning of Billionaire Adebutu’s son Segun who runs Premier Lotto by the anti-corruption agency Economic and Financial Crimes Commission (EFCC) societynow.ng learned.

A report by Premiumtimesng.com revealed that Segun Adebutu, a director and some management staff of Premier Lotto were detained by the EFCC in course of the investigation in January 2020.

N5Billion tax fraud was bandied against Adebutu’s company as a result of the development.

Kashamu who later denied on Friday, August 8, 2020, stood by his petition then.

A leaked recording of the late politician’s ‘’Death-Bed’’ phone conversation with Billionaire Adebutu pleading for forgiveness over past actions was leaked after his burial.

The development caused a big blowback for the Adebutus as many interpreted the leak and the billionaire’s demeanor to mean ‘’gloating’’ over Kashamu’s helplessness in the face of death.

‘’What is clear is that whichever way you look at it, this is a major trouble that Kashamu brought on Adebutu because Premier Lotto is one of, if not the billionaire’s biggest sources of income’’ Societynow.ng learned.