Home » Tinubu – ‘I made my wealth from inheritance’

Tinubu – ‘I made my wealth from inheritance’

by Family Reporter
Tinubu - 'I made my wealth from inheritance'

According to Bola Tinubu’s most recent version of his narratives about how he acquired the billions of dollars, he is rumoured to be sitting on, real estate inheritance is the source of his incredible wealth.

In contrast to previous interviews where he mentioned bonuses from earnings as a mid-level official at Deloitte, the All Progressives Congress presidential candidate for 2023 claimed he inherited a sizable real estate that grew even bigger as a result of wise investing decisions.

In the past, Mr Tinubu has asserted that his retirement expenses from his position as senior treasurer at the oil company Mobil in the late 1980s led to his wealth.

Tinubu - 'I made my wealth from inheritance'
Tinubu – ‘I made my wealth from inheritance’

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However, the former governor of Lagos claimed in an interview with the BBC that went live online on Wednesday that he received a sizable estate upon which he built an investment portfolio.

Who left the money, he did not reveal.

The identity of Mr Tinubu’s father is unknown, and his foster mother, Abibatu Mogaji, passed away in July 2013 in a modest home that Mr Tinubu had given her after he was elected governor in 1999.

“I inherited great real estate. I turned the value around. I’m not denying my wealth,” Mr Tinubu said in the interview posted on BBC Africa’s Facebook page.

The 70-year-old Mr Tinubu attacked his detractors as “enemies of wealth” for questioning how he was planning to create a multibillion-dollar empire despite having no experience as an industrialist or corporate executive.

“Are they enemies of wealth? If they are not enemies of wealth, investments do yield,” Mr Tinubu said.

Anti-graft agencies have been reluctant to look into the finances of the controversial presidential candidate because they are concerned about political backlash from a man close to the country’s president, Muhammadu Buhari, who has accused him of corruption.

A number of financial documents revealed in the Peoples Gazette in 2020 how Mr Tinubu was stealing to enrich himself through dubious tax administration in Lagos.

The newspaper also revealed how Mr Tinubu diverted billions to shell companies and his well-known ventures, including TVC and the Lagos rapid transit plans, through tax consultants Alpha Beta.

Recently, news of Mr Tinubu’s connections to drug trafficking organizations from the 1990s made headlines throughout Nigeria.

The politician has persisted in denying all wrongdoing, including allegations of drug use and treasury looting in Lagos.

For the presidency of the most populous nation in Africa, Mr Tinubu will compete against former vice president Atiku Abubakar of the Peoples Democratic Party, presidential front-runner Peter Obi of the Labour Party, Omoyele Sowore of the African Action Congress, and Rabiu Kwankwaso of the NNPP.

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