Source of Tinubu’s wealth revealed

The upcoming presidential elections in Nigeria have created an avenue for Nigerians to question the source of wealth of some of the top politicians contesting in the polls.

Bola Ahmed Tinubu, the presidential candidate of the ruling All Progressives Congress (APC) is one figure that has come under intense scrutiny with the issue of his wealth being questioned not only by political rivals but well-meaning Nigerians.

As a way of responding to comments of such nature, Dele Alake, the Director of Strategic Communication of the All Progressives Congress (APC) presidential campaign council has reiterated the source of the wealth of the political stalwart.

Speaking in a recent interview on Channels TV on Sunday, September 11, Alake insisted that Tinubu became rich by buying stocks in blue-chip companies.

For the uninitiated, a blue chip company (blue-chip stock) is a large company that is well-established and financially sound, having operated for several years and with dependable earnings. They often pay dividends to shareholders.

Alake further noted that the ex-Governor of Lagos was not a “pauper” before he became a senator in 1992.

“What I know is that right from his days in the corporate world, he has been trading in stocks even in foreign currencies.

“He has been buying stocks, bonds, and all of that. I’m not a finance person. I’m not going to be interested in the nitty-gritty of it all,” Alake said.

He added that people are questioning Tinubu’s wealth because he has remained rich after leaving office.

“He is about the only one of the class of 1999 who is at that enviable height, politically. He’s bound to attract all of these negative comments,” Alake added.