The National leader of the ruling APC has not always been all powerful,
wealthy and influential, as he reveals how he made his first millions
working for a multinational company.
Former Lagos State Governor and a leader of the ruling All
Progressives Congress, APC, Bola Tinubu, has narrated how a working trip
he made while serving as an auditor for auditing giant, Deloitte and
Touche, made him an “instant millionaire”.
Mr. Tinubu first served as a senator in the short-lived third republic
and later as governor of Lagos State between 1999 and 2007. He has been
accused of making a fortune from politics.
“At Deloitte and Touche, I chose to travel more than 80 per cent of
my working years there. And that is because if a staff chose to travel,
he would make more money because he would get travel allowances,” Mr.
Tinubu said in a lengthy interview he granted TheNews Magazine on March
29 about his journey through life as he celebrated his 64th birthday.
Mr. Tinubu said he was sent on an assignment to help set up a an
accounting and auditing system for a joint-venture between National Oil
and Aramco in Saudi Arabia but by the time he returned to the United
States, he discovered that his account had been credited in millions.
“We had gone there to set up their accounting and auditing system.
It was while on that service that I got my financial break. When I
returned to the United States, my employers gave me a huge bonus, which
instantly turned me into a millionaire.
“The bonus was $850,000, before taxes. My salaries were also being
paid into the bank and I was not touching them. At the time, my salary
deposits in the bank had risen to about $1.8 million.”
Asked if he was not frightened by the development, Mr. Tinubu said, “No.
This is because I had a strong grasp of financial matters. I was happy.
I bought a house from the money and invested the rest in the U.S. I was
living well. I was living in one of the most affluent neighbourhoods in
the south of Chicago.”
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