Nigerian President Bola Tinubu (@officialABAT) was employed as Treasurer of Mobil Oil Nigeria Ltd. when, according to @TheJusticeDept @FBI @DEAHq records, he was alleged to have been connected to a criminal organization involved in smuggling heroin from #Nigeria into the United States.
Mobil later became part of the cvmorporate lineage of what is today @exxonmobil. Funds associated with Tinubu were xseized as proceeds of drug trafficking by the DOJ, but strangely, Tinubu was allowed to leave the United States without being criminally charged./sbs;;v;
As Nigeria’s President, #Tinubu’s government has maintained significant relations with ExxonMobil, including direct engagement with the company and major policy, regulatory, and investment decisions affecting its Nigerian operations. Reports show that ExxonMobil has benefited tremendously under President Tinubu through major state reforms:
The Fuel Subsidy Removal: The elimination of the multi-trillion-naira fuel subsidy freed up national revenues that allowed Nigeria to pay its obligations and joint-venture cash calls to major international oil operators like ExxonMobil.
The $1.28 Billion Seplat Approval: President #Tinubu’s administration broke a long-standing regulatory deadlock by officially greenlighting ExxonMobil’s asset divestment to Seplat Energy, clearing the firm’s capital path out of older shallow-water assets.
Deepwater Tax Breaks: President #Tinubu introduced massive tax credits—up to $11.50 per barrel—enabling ExxonMobil to shift its full operational weight toward more profitable, export-heavy offshore projects.
Production Pledges: Following direct meetings with the presidency, ExxonMobil has reinvested in local operations to bring an additional 40,000 barrels per day (bpd) into the Nigerian crude stream.
Disclaimer: The information above is presented for public-interest, research, and commentary purposes. References to President Bola #Tinubu and historical drug-trafficking allegations concern allegations and matters reflected in U.S. government and court records. Nothing in this post should be interpreted as asserting that ExxonMobil participated in, had knowledge of, or was connected to any alleged criminal activity. The references to actions benefiting ExxonMobil are not intended to allege a quid pro quo or unlawful conduct by ExxonMobil.
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