Bola Tinubu is a Nigerian politician who was elected senator for the Lagos West Constituency in Lagos State, Nigeria in 1993. The election was just prior to a military take-over in December 1993. After the return to democracy, he was elected governor of Lagos State, holding office from 29 May 1999 to 29 May 2007.
He is a member of the All Progressives Congress party; he also holds both the chieftaincies of the Asiwaju of Lagos and the Jagaban of the Borgu Kingdom in Niger State, Nigeria. He has been routinely referred to as the national leader of the APC during the presidency of Muhammadu Buhari.
This post talks about the Biography of Bola Ahmed Tinubu, his history, early years and estimated net worth.
Bola Tinubu Biography
Bola Ahmed Adekunle Tinubu was born on 29 March 1952 in the city of Lagos, Nigeria. His mother, Chief Abibatu Mogaji, was a trader who eventually became the Iyaloja of Lagos. Bola Tinubu is regarded as an elder statesman and is nicknamed as ‘BAT’, ‘Jagaban’ and ‘Asiwaju’. He is also considered to be the most rugged politician in Nigeria and the most powerful politician in South-Western Nigeria.
He attended St. John’s Primary School, Aroloya, Lagos and Children’s Home School in Ibadan, South West of Nigeria. Tinubu then went to the United States in 1975, where he studied first at Richard J. Daley College in Chicago, Illinois, and then at Chicago State University. He graduated in 1979 with a Bachelor of Science degree in Accounting.
Tinubu worked for the American companies Arthur Andersen, Deloitte, Haskins, & Sells, and GTE Services Corporation. After returning to Nigeria in 1983, Bola Tinubu joined Mobil Oil Nigeria, and later became an executive of the company.
Tinubu’s Early Political Career
Bola Ahmed Tinubu’s political career began in 1992, on the platform of the Social Democratic Party (SDP), in Nigeria, where he was a member of the faction of the Peoples Front led by Shehu Musa Yar’Adua and made up of other politicians such as Dapo Sarumi, Abdullahi Aliyu Sumaila, Rabiu Kwankwaso, and Yomi Edu.
He was elected to the Nigerian Senate, representing the Lagos West constituency in the short-lived Nigerian Third Republic. After the results of the June 12, 1993, presidential elections were annulled, Tinubu became a founding member of the pro-democracy National Democratic Coalition (NDC), a group which mobilized support for the restoration of democracy and recognition of the results of the 12th of June. He went into exile in 1994 and returned to the country in 1998 after the death of the military dictator Sani Abacha, which ushered in a transition to civilian rule.
In the run-up to the 1999 elections, Bola Tinubu was a protégé of Alliance for Democracy (AD) leaders Abraham Adesanya and Ayo Adebanjo.
He won the AD primaries for the Lagos State gubernatorial elections in competition with Funsho Williams and Wahab Dosunmu, a former Minister of Works and Housing. In January 1999, he stood for the position of Executive Governor of Lagos State on the AD ticket and was elected.
Tinubu’s Corruption Charges
In April 2007, after the elections but before the new governor had taken over, the Federal Government brought Asiwaju Bola Tinubu before the Code of Conduct Tribunal for trial over the alleged illegal operation of 16 separate foreign accounts.
In January 2009, the Economic and Financial Crimes Commission (EFCC) cleared Bola Tinubu and governors James Ibori of Delta State and Obong Victor Attah of Akwa Ibom State of charges of conspiracy, money laundering, abuse of office and official corruption in relation to a sale of V-mobile network shares in 2004.
In September 2009, however, there were reports that the British Metropolitan Police were investigating a transaction in which the Lagos State government made an investment in Econet (now Airtel). Bola Tinubu said the transaction was straightforward and profitable to the state, with no intermediaries involved. The Federal Government rejected a request by Britain to release evidence needed for further investigation and prosecution of the three Nigerian ex-governors in a London court.
Tinubu’s Assassination Attempt
In March 2009, there were reports that a plot had been identified to kill Chief Bola Tinubu. The Alliance for Democracy called on the Inspector General of Police, Mike Okiro, to conduct a thorough investigation.
Tinubu & APC Formation
Following the victory of the People’s Democratic Party in the April 2007 elections, Bola Tinubu was active in negotiations to bring together the fragmented opposition parties into a “mega-party” capable of challenging the PDP in 2014. Thus, the All Progressives Congress (APC) was formed after a major merger between Tinubu’s Action Congress of Nigeria (ACN), Buhari’s Congress for Progressive Change (CPC), the All Nigeria Peoples Party (ANPP), a faction of the All Progressives Grand Alliance (APGA) and the new PDP – a faction of then ruling People’s Democratic Party (PDP), in 2013.
The APC would go on to defeat the PDP in the presidential election. Tinubu was fingered to be the brain behind the newly formed party’s victory as the APC candidate, Buhari had contested and lost under the platform of the CPC on three different occasions.
In December 2009, there were reports that Babatunde Fashola and Bola Tinubu had fallen out over the issue of whether Fashola should run for reelection in 2011, with Tinubu said to be supporting the commissioner for environment, Muiz Banire. Tinubu later bowed to pressure and supported Fashola’s candidature which had been adjudged by the public as good. Another scuffle on the successor of Fashola put Tinubu against him in 2015. Fashola later relented and threw his full weight behind Akinwunmi Ambode, the then gubernatorial candidate of the APC, who later succeeded him.
Akinwunmi Ambode, who succeeded Fashola at the detriment of Fashola and Tinubu’s relationship spent only a term in officer for allegedly sidelining his mentor, Tinubu, in his governance. Ambode made a couple of changes to the Lagos structure and replaced them with new ones, something many claimed greatly offended Tinubu. His wings were eventually clipped after he lost the party’s primary to Babajide Sanwolu who took over as the governor of Lagos.
Bola Tinubu’s Family
Bola Ahmed Tinubu is married to Oluremi Tinubu, a Senator of central Lagos State. A woman described and well know by her good taste immense respect for the people of Lagos and her husband.
They have three children together: Oluwaseyi Tinubu, Abibat Tinubu, and Folashade Tinubu-Ojo. His youngest daughter, Abibat Tinubu, graduated from a Music college in Boston, Massachusetts, USA in 2013.
His mother, Chief Abibatu Mogaji died on June 15th, 2014 at the age of 96. She was a businesswoman and the President-General, Association of Nigerian Market Women and Men. He also lost his son Jide Tinubu to cardiac arrest in London on 31st October.
Bola Tinubu Net worth
Bola Ahmed Tinubu is net worth is estimated at $3 billion (over N1 trillion). He is no doubt a billionaire and reportedly owns a fair percentage of properties across Lagos With many expensive properties and investments that are worth billions of Naira linked to him, Bola Tinubu is the richest Lagos state politician and one of the richest politicians in Nigeria.
According to reports, Tinubu’s properties include but are not limited to:
- Prime land of 157 hectares with 2.5km of Atlantic beachfront valued at about N10 billion
- The 1,000 hectares of land valued at about N75Billion located at Lakowe near Abijo at Ibeju-Lekki Local Government and given to Lekki concession company [LCC] which is partly-owned by Tinubu and Fashola and being developed as a golf course and housing estate by Assets and Resource Management Ltd [ARM] as ADIVA project.
- 14 hectares Parkview Ikoyi Estate foreshore land reclaimed by Lagos State Government
- The annex of the Lagos State Guest House in Asokoro, Abuja, which the state Government purchased in 2006 for N450 million
- A 5-bedroom detached house on one acre of land valued at N450 million.
- His home at Bourdillon is reportedly worth over N1 billion
- The 250-hectares of land valued at about N35Billion and strategically located at the Ajah junction on Lekki Road which was initially meant for a General Hospital for the people of Eti-Osa is now the property of Tinubu currently in the control of Trojan Estate Ltd, a company owned by Tinubu. The property has been developed as Royal Garden Housing Estate and now worth over N200 Billion.
- He is also said to own a 1,000 hectares of land located at Lakowe close to Abijo at Ibeju-Lekki Local Government Area and valued at about N75 billion.
- Another property belonging to him is a Fishery Landing Jetty in Badore, the Ogudu Foreshore Scheme worth N15 billion naira.
- Tinubu is allegedly the owner of Oando Oil Company which is managed by his blood brother. The company is said to be the largest oil production company in Nigeria with equity of N162 billion and a revenue of N449 million.
- He also owns several costly private jets with the most exquisite known as Bombardier Global Express XRS. The jet is estimated at 60 million dollars (N21.7 billion)
- Tinubu also owns luxury cars including a G-Wagon worth N600 million, built with bomb detector apparatus, surveillance camera and bulletproof.
- He also owns TVC and Radio Continental, located along Aladelola Road, Ikosi, Ketu.
- Tinubu reportedly owns Oriental Hotel, located on Admiralty Way, and is valued to be around N120 billion.
- He also owns the recreational center at Oniru, which he jointly owns with ARM and Tunji Olowofe.
Worthy of note is the fact that some of the properties were said to originally meant for the development of the public by Lagos State government but were converted by him.
Tinubu’s Oriental Hotel
Asiwaju Bola Tinubu is rumored to own different real estate properties worth billions of Naira. One of such massive investments includes Oriental Hotel located along Admiralty Way, Victoria Island.
The hotel has the best facilities for a luxury traveler and as expected commands one of the highest room rates with the president suite going for more than 400 hundred Naira a night. The cheapest room in the 5-star hotel is estimated at sixty thousand Naira per night. The rooms are furnished in an extremely beautiful manner. Also, each of the rooms ( which ranges from size 60 to 300 square meters) provides stunning views of the lagoon.