Kashamu goes after Adebutu’s lotto business, petitions EFCC over alleged tax fraud

Buruji Kashamu has petitioned the Economic and Financial Crimes Commission (EFCC) over alleged tax fraud by Kessington Adebutu’s lottery company, Premier Lotto, which is widely known as Baba Ijebu.

Following Kashamu’s petition, the EFCC has begun investigating a case of alleged tax fraud on Premier Lotto.

According to a report by Premium Times, the billionaire’s son, Segun Adebutu, was questioned on Tuesday, January 28, 2020, at the EFCC office in Lagos on issues relating to alleged tax fraud and economic sabotage.

The report further claimed EFCC officials have since discovered at least N5 billion in revenue losses against the government.

The EFCC has instituted an investigation against Adebutu’s company, Premier Lotto.

Kashamu, who is the brain behind Western Lotto, another lottery company says his petition shouldn’t be seen as a fight against his competitor.

“All the taxpayers’ billions they diverted should have been paid into the lottery commission trust fund to build infrastructure and alleviate poverty amongst the Nigerian masses.

“I urge Nigerians to continue to pressure the EFCC to investigate and charge all those responsible for sabotaging the country’s economy without any pity for the masses,” Kashamu said.

Meanwhile, Adebutu is yet to make any official statement on the petition and EFCC’s investigation.

The investigation into Adebutu’s company is said to have opened the door to probe the finances of other betting companies.

Officials at the lottery commission have been notified of the raging investigation, with concerned companies already asked to submit their financial records to anti-graft detectives in Lagos and Abuja.

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