The Economic and Financial Crimes Commission (EFCC) is currently wading into the feud between Nigerian businessman popularly known as Baba Ijebu and Senator Buruji Kashamu and is allegedly investigating Baba Ijebu for alleged tax fraud and economic sabotage, ABUJAPEOPLE has learnt.
It was gathered that one of the management of the Premier Lotto, Segun Adebutu, who is also one of Baba Ijebu’s children is said to have been detained at the EFCC office in Lagos for questioning.
According to officials of the commission, the investigation is as a result of a petition submitted by Western Lotto, another betting company which is run by Buruji Kashamu, a former senator.
Adebutu and Kashamu both hail from Ogun state.
EFCC sources are quoted to have said that they have identified N5 billion revenue that should have been remitted to the federal government but was allegedly kept aside by the company.
The probe might be expanded to include other betting companies and investigate claims of sharp practices and how some firms allegedly withhold funds from winning customers.
The EFCC has not filed any charges against Premier Lotto.
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