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Trouble looms for Baba Ijebu as EFCC investigates Premier Lotto over alleged N5bn Tax fraud

The Economic and Financial Crimes Commission (EFCC) is allegedly investigating Adebutu Kessington, Nigerian businessman popularly known as Baba Ijebu after a petition is submitted to the commission by Western Lotto, another betting company which is run by Buruji Kashamu, a former senator.

The owners of the two lotto companies, Adebutu and Kashamu both hail from Ogun state.

According to PREMIUM TIMES, Segun Adebutu, one of Kessington’s children who is one of the management officials of Premier Lotto, is reported to have been detained at the EFCC office in Lagos for questioning.

EFCC has reportedly 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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