Monday , 12 April 2021
Home > Beer Parlour Gist > Babatunde Fashola aka “Mr Real Estate in Atlanta, Georgia”
Fashola, 2nd left, during a visit to the US Capitol building in Washington

Babatunde Fashola aka “Mr Real Estate in Atlanta, Georgia”

Babatunde Fashola, the current minister for power, works and housing and two-term governor of Lagos State, is alleged to be the “owner of multiple mansions” in the city of Atlanta in the southern US state of Georgia.

A source in Atlanta told that the minister acquired the properties during his time as governor.  Fashola ran Lagos State from 2007 to 2015, carefully cultivating an image of efficiency in the media.  However, since he left office, allegations of corruption have swirled around him.

He was accused of awarding massively inflated contracts and left his successor, Akinwunmi Ambode, with debts of $2.1bn.  He reportedly spent 78m naira ($216,840) upgrading his website, 139m naira ($386,420) on drilling two boreholes and 640m naira ($1.7m) on the construction of a car park.

The Coalition Against Corrupt Leaders (Cacol), a civil society group, were among several that led calls for Fashola to be investigated.   The group forwarded eight petitions to the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Related Offences Commission (ICPC) detailing the allegations.

However, President Muhammadu Buhari, who came to power on an anti-corruption platform in 2015, ignored all those allegations and rewarded Fashola with a cabinet position.  The Atlanta-based source was angry that many Nigerians still sing Fashola’s praises and described the minister as “very corrupt”.

According to, a one-bedroom home in Atlanta goes for around $165,000. A two-bedroom place will cost around $230,000.  You’ll pay around $314,000 for three bedrooms. Four bedrooms will cost you $485,000. That means the average price for all properties is $265,000.  The source claimed that Fashola’s “real estate investment” of “multiple mansions” were well beyond this price range.

Download PDF

Check Also

How Atiku atikulated the VP position to Peter Obi

18 November 2019 The presidential candidate of the Peoples Democratic Party (PDP) Atiku Abubakar’s choice …