The 2023 presidential candidate of the All Progressives Congress (APC), Bola Tinubu has revealed how he became a millionaire while still working as an accountant and auditor.
The former Lagos State Governor explained that he became a millionaire while still working with a company known as Deloitte and Touche in the United States of America. According to Tinubu, during his time with the firm, he chose to travel more and work in various locations because staff members who do that would get travel allowances. He stated that it was after one of the travel assignments that he got his financial breakthrough as according to him, the company paid him a huge bonus for an accounting and auditing system assignment with National Oil which turned him into an instant millionaire. Explaining further, Tinubu revealed that the bonus was $850,000, before taxes while his salaries which were been paid into the bank without him touching it had risen to about $1.8 million. Naija News reports Tinubu made the revelation as part of an interview with TheNews, a special publication titled ‘Asiwaju: Untold Story of The Leader’ which was initially published in 2021 during his 69th birthday celebrations. “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. That got me into National Oil, which became the Joint Venture Partner of Aramco Oil in Saudi Arabia, which is like the Nigerian National Petroleum Corporation. 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,” he said. He added that “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.” Speaking on how he managed such a huge sum of money at that time, Tinubu explained that his background in accounting and firm grip of financial matters helped him to manage the funds and invest it without freaking out. “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 US. I was living well. I was living in one of the most affluent neighbourhoods in the south of Chicago,” he said.
This article was originally published on Naija News