In a shocking and unsettling revelation, Babalola Sufian Ashorobi, the son of prominent Peoples Democratic Party, PDP figure in Lagos State, Alhaji Mu
In a shocking and unsettling revelation, Babalola Sufian Ashorobi, the son of prominent Peoples Democratic Party, PDP figure in Lagos State, Alhaji Muritala Ashorobi, is alleged to be at the center of a financial scandal that threatens to shake the foundations of both the political elite and the Nigerian financial system.
This scandal has sent shockwaves through the community, as Babalola known for his social prominence and political connections, is suspected of orchestrating a fraudulent scheme that allegedly defrauded Abiodun Olapeju of a staggering $523,327.57 US Dollars through his company, 27th & 4th Limited.
What makes this scandal even more disconcerting is the close association between Babalola’s father and former Vice President Atiku Abubakar, the PDP Presidential Candidate in the 2023 elections.
This nexus of political affiliations and elite connections has raised concerns about the possibility of high-level intervention to sweep this crime under the carpet.
The alleged modus operandi was as audacious as it was cunning. Babalola who is no stranger to the corridors of power, presented himself as a representative of a well-respected financial organization licensed to conduct currency trading.
Under this guise, he received a substantial sum of approximately N450 million on behalf of Abiodun Olapeju, assuring him of a swift currency exchange. However, as soon as the funds changed hands, Babalola vanished, leaving his partner in this alleged crime, Miss. Samait Abimbola Are, to grapple with the fallout.
The Nigerian Police Force, alongside the Economic and Financial Crimes Commission (EFCC), have united to ensure that they uphold the rule of law, regardless of the perpetrator’s status.
