Tinubu reveals source of stupendous wealth

Bola Tinubu, the presidential candidate of the All Progressive Congress (APC) has revealed the source of his stupendous wealth.

Aside his known investments in the media, other sources of his wealth have largely been unknown. At the eve of the 2019 general election, two bullion vans used in conveying large sums of money arrived at his Lagos residence.

At a later date, the former Lagos governor who left office in 2007 defended the funds, claiming they were all his, having been out of government for a long time.

His critics describe him as a drug peddler, having forfeited $460,000 to the government of the United States three decades ago in what is now claimed to be tax deductions from one of his campaign spokesman, Festus Keyamo.

In an interview aired on Tuesday by the BBC, the ruling party’s candidate said he inherited real estate which he has continued to deal on.

“Are they (critics) enemies of wealth?” he queried, retorting, “If they are not enemies of wealth, investments do yield.”

He cited an example of Warren Buffett, an American business magnate, investor, and philanthropist who he claimed started from stock buying and brokerages.

“I inherited great real estate, I turned the values around, I am not denying my wealth,” Mr Tinubu added, claiming he is the most probed opposition former governor and “since I left the office, I have not taken any government appointment, no government contract.”

He also denied receiving shares from the Lagos State treasury as insinuated in some quarters, saying the purveyors of the allegations were envious of him.

“Hey, excuse me, share, what? Have they proven it? The World Bank, (and) the International Monetary Fund have investigated the records in Lagos. What’s wrong with them? It’s envy,” the APC candidate added.