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Adebutu is born to the family of Kesington Adebukunola Adebutu, Founder and Chairman, Premier Lotto Nigeria Limited, who hails from Iperu Remo, Ikenne Local Government, and Caroline Oladunni, from [[Odogbolu]], both in Ogun State, South West Nigeria.<ref>{{cite web |title=Meet ‘Segun Adebutu, the billionaire owner of Skales’ record label, Baseline Records |url=http://thenet.ng/2016/06/meet-segun-adebutu-the-billionaire-owner-of-skales-record-label-baseline-records/ |newspaper=TheNET |date=1 June 2016 |author=Adedayo Showemimo |access-date=6 February 2017 |archive-url=https://web.archive.org/web/20170206195912/http://thenet.ng/2016/06/meet-segun-adebutu-the-billionaire-owner-of-skales-record-label-baseline-records/ |archive-date=6 February 2017 |url-status=dead }}</ref> In 2017, he founded Petrolex Oil & Gas Limited, as a part of Petrolex Group. In December 2017, he constructed Sub-Saharan Africa’s largest tank farm as a part of his Mega Oil City project in Nigeria.<ref name="guardian1">{{cite news |newspaper= [[The Guardian]] |title= Petrolex Group to launch sub-Saharan Africa’s largest tank farm |url= https://guardian.ng/energy/petrolex-group-to-launch-sub-saharan-africas-largest-tank-farm/ |date= 4 February 2020}}</ref>
Adebutu is born to the family of Kesington Adebukunola Adebutu, Founder and Chairman, Premier Lotto Nigeria Limited, who hails from Iperu Remo, Ikenne Local Government, and Caroline Oladunni, from [[Odogbolu]], both in Ogun State, South West Nigeria.<ref>{{cite web |title=Meet ‘Segun Adebutu, the billionaire owner of Skales’ record label, Baseline Records |url=http://thenet.ng/2016/06/meet-segun-adebutu-the-billionaire-owner-of-skales-record-label-baseline-records/ |newspaper=TheNET |date=1 June 2016 |author=Adedayo Showemimo |access-date=6 February 2017 |archive-url=https://web.archive.org/web/20170206195912/http://thenet.ng/2016/06/meet-segun-adebutu-the-billionaire-owner-of-skales-record-label-baseline-records/ |archive-date=6 February 2017 |url-status=dead }}</ref> In 2017, he founded Petrolex Oil & Gas Limited, as a part of Petrolex Group. In December 2017, he constructed Sub-Saharan Africa’s largest tank farm as a part of his Mega Oil City project in Nigeria.<ref name="guardian1">{{cite news |newspaper= [[The Guardian]] |title= Petrolex Group to launch sub-Saharan Africa’s largest tank farm |url= https://guardian.ng/energy/petrolex-group-to-launch-sub-saharan-africas-largest-tank-farm/ |date= 4 February 2020}}</ref>


==Controversy==
==Argument ==
In an Exclusive report, one of Nigeria's leading investigative Newspaper, [[Premium Times]], reported that Segun Adebutu was detained and questioned by the Economic and Financial Crimes Commission on January 28, 2020 at the anti-graft Lagos office for economic sabotage and tax fraud of about Five Billion Naira, associated with Premier Lotto, a company he is an Executive Director of. Other newspapers such as [[New Telegraph]], [[TheCable]] and Pulse Nigeria also substantiated this report.<ref>{{cite web |title=EXCLUSIVE: EFCC goes after ‘Baba Ijebu’ over alleged multi-billion naira tax fraud |url=https://www.premiumtimesng.com/news/headlines/374794-exclusive-efcc-goes-after-baba-ijebu-over-alleged-multi-billion-naira-tax-fraud.html |newspaper=Premium Times |date=28 January 2020 |author=Samuel Ogundipe}}</ref><ref>{{cite web |title=All eyes on Kessington Adebutu as EFCC takes him on |url=https://www.newtelegraphng.com/all-eyes-on-kessington-adebutu-as-efcc-takes-him-on/ |newspaper=New Telegraph |date=2 February 2020}}</ref><ref>{{cite web |title=Report: EFCC investigating ‘Baba Ijebu’ for alleged tax fraud |url=https://www.thecable.ng/report-efcc-investigating-baba-ijebu-alleged-tax-fraud |newspaper=TheCable |date=28 January 2020}}</ref><ref>{{cite web |title=EFCC goes after 'Baba Ijebu' over alleged tax fraud |url=https://www.pulse.ng/news/local/efcc-goes-after-baba-ijebu-over-alleged-tax-fraud/6mcp753 |newspaper=Pulse NG |date=28 January 2020 |author=Seun Adeyeye}}</ref>
In an Exclusive report, one of Nigeria's leading investigative Newspaper, [[Premium Times]], reported that Segun Adebutu was detained and questioned by the Economic and Financial Crimes Commission on January 28, 2020 at the anti-graft Lagos office for economic sabotage and tax fraud of about Five Billion Naira, associated with Premier Lotto, a company he is an Executive Director of. Other newspapers such as [[New Telegraph]], [[TheCable]] and Pulse Nigeria also substantiated this report.<ref>{{cite web |title=EXCLUSIVE: EFCC goes after ‘Baba Ijebu’ over alleged multi-billion naira tax fraud |url=https://www.premiumtimesng.com/news/headlines/374794-exclusive-efcc-goes-after-baba-ijebu-over-alleged-multi-billion-naira-tax-fraud.html |newspaper=Premium Times |date=28 January 2020 |author=Samuel Ogundipe}}</ref><ref>{{cite web |title=All eyes on Kessington Adebutu as EFCC takes him on |url=https://www.newtelegraphng.com/all-eyes-on-kessington-adebutu-as-efcc-takes-him-on/ |newspaper=New Telegraph |date=2 February 2020}}</ref><ref>{{cite web |title=Report: EFCC investigating ‘Baba Ijebu’ for alleged tax fraud |url=https://www.thecable.ng/report-efcc-investigating-baba-ijebu-alleged-tax-fraud |newspaper=TheCable |date=28 January 2020}}</ref><ref>{{cite web |title=EFCC goes after 'Baba Ijebu' over alleged tax fraud |url=https://www.pulse.ng/news/local/efcc-goes-after-baba-ijebu-over-alleged-tax-fraud/6mcp753 |newspaper=Pulse NG |date=28 January 2020 |author=Seun Adeyeye}}</ref>


In a reaction, the family stated that he only honoured the invitation of the anti-graft agency, but was not detained.<ref>{{cite web |title=Segun Adebutu not detained by EFCC – Family |url=https://www.chronicle.ng/2020/01/segun-adebutu-not-detained-by-efcc-family/ |newspaper=Chronicle |date=30 January 2020}}</ref> [[The Nation (Nigeria)]] reported that, "According to sources, Segun was never arrested nor detained contrary to rumours being peddled. He was invited and honoured the invitation by visiting the EFCC office in [[Lagos]] for few questioning and answer." <ref>https://www.thenationonlineng.net/segun-adebutus-self-confidence/amp/</ref>
In a reaction, the family stated that he only honoured the invitation of the anti-graft agency, but was not detained.<ref>{{cite web |title=Segun Adebutu not detained by EFCC – Family |url=https://www.chronicle.ng/2020/01/segun-adebutu-not-detained-by-efcc-family/ |newspaper=Chronicle |date=30 January 2020}}</ref> [[The Nation (Nigeria)]] reported that, "According to sources, Segun was never arrested nor detained contrary to rumours being peddled. He was invited and honoured the invitation by visiting the EFCC office in [[Lagos]] as a law-abiding citizen." <ref>https://www.thenationonlineng.net/segun-adebutus-self-confidence/amp/</ref>
Other Media houses This Is Lagos and Todays Echo substantiated this with pictures of adebutu out and about during the period of the said arrest. <ref>https://thisislagos.ng/what-is-segun-adebutu-celebrating-o/</ref>
Other Media houses This Is Lagos and Todays Echo substantiated this with pictures of Adebutu out and about during the period of the said arrest. <ref>https://thisislagos.ng/what-is-segun-adebutu-celebrating-o/</ref>
<ref>https://www.todaysecho.com/lifestyle/segun-adebutu-not-detained-by-efcc-family/</ref> The reliable source has told the newsmen that malicious rumors related to his detention are nothing but petty attempt to damage the reputation of the lottery tycon.<ref>{{Cite web|url=https://thisislagos.ng/segun-adebutu-not-detained-by-efcc-family/|title=Segun Adebutu not detained by EFCC - family|date=2020-01-30|website=This Is Lagos|language=en-US|access-date=2020-02-13}}</ref>
<ref>https://www.todaysecho.com/lifestyle/segun-adebutu-not-detained-by-efcc-family/</ref>


The controversy trailing [[Segun Adebutu]] and Premier Lotto is reported to be in relation to business and political rivalry involving two of the major gambling companies in [[Nigeria]]. The Nigerian daily, [[P.M. News]] reported that the [[Economic and Financial Crimes Commission]] (EFCC) is yet to officially confirm the probe. <ref>https://www.pmnewsnigeria.com/2020/01/29/lotto-turf-war-kashamu-turns-whistleblower-for-efcc-against-baba-ijebu/amp/</ref>
The argument trailing [[Segun Adebutu]] and Premier Lotto is reported to be in relation to business and political rivalry involving two of the major gambling companies in [[Nigeria]]. According to him; "Some competitors in the lottery business are jealous of Premier Lotto's track of record success without recognizing the hard work and dedication has gone into company over the decades.<ref>{{Cite web|url=https://www.famouspeople.com.ng/premier-lotto-boss-kessington-adebutus-son-segun-is-not-detained-by-efcc-family.html|title=Premier Lotto Boss, Kessington Adebutu's Son, Segun Is Not Detained By EFCC - Family|last=People|first=Famous|date=2020-01-30|website=Famous People Magazine|language=en-US|access-date=2020-02-13}}</ref>

The Nigerian daily, [[P.M. News]] reported that the [[Economic and Financial Crimes Commission]] (EFCC) is yet to officially confirm the probe. <ref>https://www.pmnewsnigeria.com/2020/01/29/lotto-turf-war-kashamu-turns-whistleblower-for-efcc-against-baba-ijebu/amp/</ref>


==Philanthropy==
==Philanthropy==

Revision as of 21:59, 13 February 2020

Segun Adebutu
Born
Olusegun Oladiran Adebutu
EducationUniversity of Ibadan
Occupation(s)Founder, Chairman of Petrolex Oil & Gas Ltd
Parent(s)Kesington Adebukonola Adebutu
Caroline Oladunni Adebutu

Segun Adebutu is a Nigerian businessperson. He is the CEO of Petrolex Oil and Gas and a Director of Premier Lotto Nigeria, a gambling company based in Nigeria.[1][2]

Background

Adebutu is born to the family of Kesington Adebukunola Adebutu, Founder and Chairman, Premier Lotto Nigeria Limited, who hails from Iperu Remo, Ikenne Local Government, and Caroline Oladunni, from Odogbolu, both in Ogun State, South West Nigeria.[3] In 2017, he founded Petrolex Oil & Gas Limited, as a part of Petrolex Group. In December 2017, he constructed Sub-Saharan Africa’s largest tank farm as a part of his Mega Oil City project in Nigeria.[4]

Argument

In an Exclusive report, one of Nigeria's leading investigative Newspaper, Premium Times, reported that Segun Adebutu was detained and questioned by the Economic and Financial Crimes Commission on January 28, 2020 at the anti-graft Lagos office for economic sabotage and tax fraud of about Five Billion Naira, associated with Premier Lotto, a company he is an Executive Director of. Other newspapers such as New Telegraph, TheCable and Pulse Nigeria also substantiated this report.[5][6][7][8]

In a reaction, the family stated that he only honoured the invitation of the anti-graft agency, but was not detained.[9] The Nation (Nigeria) reported that, "According to sources, Segun was never arrested nor detained contrary to rumours being peddled. He was invited and honoured the invitation by visiting the EFCC office in Lagos as a law-abiding citizen." [10] Other Media houses This Is Lagos and Todays Echo substantiated this with pictures of Adebutu out and about during the period of the said arrest. [11] [12] The reliable source has told the newsmen that malicious rumors related to his detention are nothing but petty attempt to damage the reputation of the lottery tycon.[13]

The argument trailing Segun Adebutu and Premier Lotto is reported to be in relation to business and political rivalry involving two of the major gambling companies in Nigeria. According to him; "Some competitors in the lottery business are jealous of Premier Lotto's track of record success without recognizing the hard work and dedication has gone into company over the decades.[14]

The Nigerian daily, P.M. News reported that the Economic and Financial Crimes Commission (EFCC) is yet to officially confirm the probe. [15]

Philanthropy

Ooni of Ife, Kessington Adebutu and Segun at the launch of OOA Foundation in Abeokuta, Ogun State

In 2014, Adebutu founded Oladiran Olusegun Adebutu (OOA) Foundation, a not-for-profit and non-political organisation, that was formally launched on Saturday, October 22, 2016 at Abeokuta, Ogun State, South West Nigeria.[16] The organization works primarily on the economic empowerment, health, community investments, women and children in crisis in Nigeria.[17]

References

  1. ^ "Petrolex Plans 250,000 Barrel Refinery In Ogun". Brand Spur. 2019-04-08. Retrieved 2020-02-03.
  2. ^ "I started multi-billion dollar business with 50 litres of fuel I sold to my father — Adebutu". Vanguard News. 2018-05-12. Retrieved 2020-02-03.
  3. ^ Adedayo Showemimo (1 June 2016). "Meet 'Segun Adebutu, the billionaire owner of Skales' record label, Baseline Records". TheNET. Archived from the original on 6 February 2017. Retrieved 6 February 2017.
  4. ^ "Petrolex Group to launch sub-Saharan Africa's largest tank farm". The Guardian. 4 February 2020.
  5. ^ Samuel Ogundipe (28 January 2020). "EXCLUSIVE: EFCC goes after 'Baba Ijebu' over alleged multi-billion naira tax fraud". Premium Times.
  6. ^ "All eyes on Kessington Adebutu as EFCC takes him on". New Telegraph. 2 February 2020.
  7. ^ "Report: EFCC investigating 'Baba Ijebu' for alleged tax fraud". TheCable. 28 January 2020.
  8. ^ Seun Adeyeye (28 January 2020). "EFCC goes after 'Baba Ijebu' over alleged tax fraud". Pulse NG.
  9. ^ "Segun Adebutu not detained by EFCC – Family". Chronicle. 30 January 2020.
  10. ^ https://www.thenationonlineng.net/segun-adebutus-self-confidence/amp/
  11. ^ https://thisislagos.ng/what-is-segun-adebutu-celebrating-o/
  12. ^ https://www.todaysecho.com/lifestyle/segun-adebutu-not-detained-by-efcc-family/
  13. ^ "Segun Adebutu not detained by EFCC - family". This Is Lagos. 2020-01-30. Retrieved 2020-02-13.
  14. ^ People, Famous (2020-01-30). "Premier Lotto Boss, Kessington Adebutu's Son, Segun Is Not Detained By EFCC - Family". Famous People Magazine. Retrieved 2020-02-13.
  15. ^ https://www.pmnewsnigeria.com/2020/01/29/lotto-turf-war-kashamu-turns-whistleblower-for-efcc-against-baba-ijebu/amp/
  16. ^ Adejoke, Adeloye. "Project of Baba Ijebu's son: VP Commissions Africa Largest Tank Farm in Ibefun". The News Nigeria. Retrieved 29 January 2019.
  17. ^ Akinfenwa, Gbenga (19 November 2017). "OOA Foundation bags international recognition". guardian.ng. Retrieved 2020-02-04.{{cite web}}: CS1 maint: url-status (link)
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