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.
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.”
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.
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