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Two Money Scandals That Dented The Image Of Kiddwaya’s Billionaire Dad, Terry Waya

Terry Waya, the billionaire father of BBNaija season 5 housemate Kiddwaya, has been on a low.

He has toned down the way he rocked the social scene many years ago.

But those who really know Terry Waya,  remember how he made waves in 2001 with his 40th birthday party held in the United Kingdom

The party had over 10 Nigerian governors in attendance.

Terry Waya showed and still shows that he is indeed a billionaire, however on a low key. He displays pictures of his plush houses and very expensive designers wears. The 59-year-old billionaire wears mainly Gucci and Versace clothing brands.

Terry Waya

He once boasted of drinking only bottle water imported from Paris.

Two Money Scandals That Once Rocked Terry Waya’s Life

1. Firstly, the police in London once arrested him in London for alleged money laundering offences.

An official of the Scotland Yard, Alan Crockford, confirmed Terry Waya’s arrest.

He said: “Officers from Serious Crime Directorate arrested a man (Terry Waya) aged 44 on November 23 2005 at his home address in North London ICW (in connection with) a money laundering enquiry.

“Items were recovered from the property. He was bailed to return on a date in June 2006.”

The court reportedly found him guilty and convicted him in 2007.

2. Secondly, he once faced media scandal over a £500,000 (N248.3 million) bail, he claimed he posted to secure late Diepreye Alameiseyegha.

At that time, the police also arrested the former Bayelsa governor for money laundering.

Waya, a Benue State-born businessman, had on October 19, 2005 issued paid advertisements in newspapers.

He claimed to have been one of the sureties of the Alamieyeseigha, who at the previous weekend jumped bail while on trial.

In the advertisement, he accused President Olusegun Obasanjo of masterminding the Bayelsa governor’s arrest.

He declared that the British Police accepted his offer to stand surety for the governor after finding him blameless in business and personal conducts.

But the Governor’s camp immediately denied the claim by Waya that he stood surety for Alamieyeseigha’s bail to the tune of £500,000 (about N248.3 million).

But the governor’s aides reportedly dismissed Waya’s “false claims”. The accused him of dampening the morale of the real people who put up the money for the bail.

An Alamieyeseigha aide said: “Mr. Waya’s claim quite disturbed the governor.

“Even if it were true that he put up the money, and he did not, would he go about shouting on rooftops that this is what he has just done?

“His Excellency is also not at all pleased with the name calling that he (Waya) embarked upon. He referred to some people as the ‘anti-Christ’.

“I can tell you that he (governor) is, extremely embarrassed to have been associated with this whole Waya affair. In fact, we believe Mr. Waya may be acting out a script which has very little to do with recent travails of the governor.”

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