How tinubu made his money
Bola Tinubu, a Nigerian politician and former Governor of Lagos State, has been involved in various business ventures and investments throughout his career. Here are some of the ways he is believed to have made his money:
- Import and Export Business: Tinubu started his business career in the 1970s as an importer and exporter of textiles, electronics, and other goods. He established a company called Tinubu's Ventures, which became a successful business venture.
- Real Estate: Tinubu invested in real estate, buying and selling properties in Lagos and other parts of Nigeria. He is believed to own several properties, including apartments, houses, and commercial buildings.
- Oil and Gas: Tinubu has been involved in the oil and gas industry, investing in companies that explore and produce oil and gas in Nigeria. He is a shareholder in several oil and gas companies, including Oando Plc.
- Banking and Finance: Tinubu has invested in several banks and financial institutions in Nigeria, including the defunct Oceanic Bank International Plc, which he helped to establish.
- Agriculture: Tinubu has invested in agriculture, particularly in the production of rice, cocoa, and other crops. He is believed to own several farms in Nigeria and has invested in agricultural processing companies.
- Construction: Tinubu has invested in construction companies, which have been involved in various infrastructure projects in Nigeria, including the construction of roads, bridges, and buildings.
- Telecommunications: Tinubu has invested in the telecommunications industry, owning shares in companies such as Globacom, a Nigerian telecommunications company.
- Stock Market: Tinubu has invested in the Nigerian stock market, owning shares in several companies listed on the Nigerian Stock Exchange (NSE).
- Property Development: Tinubu has developed several properties, including the prestigious Eko Atlantic City project in Lagos, which is a major urban development project.
- Political Patronage: As a politician, Tinubu has had access to government contracts and patronage, which has helped him to accumulate wealth. He has been involved in various government projects and has received contracts for infrastructure development, among other things.
It's worth noting that Tinubu's wealth is not without controversy. He has been accused of corruption and mismanagement of public funds during his time as Governor of Lagos State. However, he has denied these allegations and has not been convicted of any wrongdoing.