Wednesday, May 27, 2020
Home > Uncategorized > How Bola Tinubu Made His First Million

How Bola Tinubu Made His First Million

image_pdfimage_print
Bola Tinubu

Bola Tinubu, Former Lagos State Governor and a leader of the ruling All Progressives Congress, APC, 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.”

READ  What is Skepta net worth?

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.”

Mr. Tinubu said he stayed back working for several years in the United States after completing his degree in Chicago. He worked in Deloitte and Touch before returning to Nigeria to serve as an accounting executive for Mobil.

Share Button
Pls SUBSCRIBE below to our mailing list to get fresh updates on money making and inspiring articles.
Akinola
Akinola
Akinola Olusegun is a blogger and publisher of this blog, money247.com.ng. You can also check out his other blogs : segtv.com.ng (videos & news), letgoonline.com.ng (e-commerce), letgoonline.com.ng/blog (news) among others. Follow him via any or all of his social media pages to get fresh posts update.
http://www.money247.com.ng

Leave a Reply

Your email address will not be published. Required fields are marked *