Bola Ahmed Tinubu was born on March 29th, in 1952. He is also recognized as Jagaban or Asiwaju. In 1993, Bola Tinubu took over the senatorial post of Lagos West constituency. This was months before the military coup that occurred later that year. When Nigeria regained its democracy, he became the Lagos State’s governor. This is a post that he held from 1999 to 2007.
Early Life & Education
Born on 29 March 1952 in Lagos to the illustrious Tinubu family. Bola Tinubu attended St. John’s Primary School, Aroloya, Lagos and Children’s Home School in Ibadan before he traveled to the United States in 1975, where he had his secondary education at Richard J. Daley College Chicago, Illinois. After which he gained admission into the Chicago State University where he graduated with a Bachelor of Science degree in Accounting in 1979.
After graduation, Bola Tinubu worked with Arthur Andersen, Deloitte, Haskins & Sells, and GTE Services Corporation, all in the United States of America. In 1983, he returned to Nigeria and worked with Mobil Oil Nigeria, where he rose to the position of an executive in the company.
Bola’s journey into politics began in 1992 when he contested and won the seat of a senator of the Federal Republic of Nigeria, representing the Lagos West constituency.
After the annulment of the June 12, 1993 election, Bola Tinubu founded National Democratic Coalition (NADECO) with some other Nigerians, a group that advocated for the restoration of democracy and recognition of the 12 June results. In the year 1994, Bola Tinubu went into exile and later came back in the year 1998 when Sani Abacha had died.
Bola Tinubu contested for the position of the governor of Lagos State in the year 1999 and was elected in the platform of Alliance for Democracy (AD). In April 2003, after the expiration of his first term in office, he was re-elected for a second term.
He was involved in a struggle with the Federal government over whether Lagos State had the right to create new Local Council Development Areas (LCDAs) to meet the needs of its large population. The controversy led to the Federal government seizing funds meant for local councils in the state.
In 2007, Bola Tinubu was brought before the Code of Conduct Tribunal for trial over alleged illegal operation of 16 separate foreign accounts. Two years later, he and Governors James Ibori of Delta State and Obong Victor Attah of Akwa Ibom State were cleared of charges by the Economic and Financial Crimes Commission (EFCC).
Bola Tinubu is currently the National Leader of the All Progressive Congress (APC) party with president Gen Muhammadu Buhari (rtd).
Bola Tinubu ventured into politics in 1992. He was under the umbrella of Social Democratic Party. He was part of a political group that was headed by Shehu Musa Yar’Adua. With time, he became the senator to the Lagos West constituency. In 1993, following the annulment of the presidential results, Tinubu earned himself the recognition of being one of the co-founders of National Democratic Coalition. This party was established for the main reason of restoring democracy in Nigeria. Apart from this, it strived to ensure that the June 1993 presidential results were recognized.
The following year, Bola Tinubu was exiled from the country. He lived outside Nigeria for four years before later returning in 1998. He only returned since Sani Abacha, a military dictator, passed away.
Governor Of Lagos State
During the 1999 elections, Bola Tinubu was elected as the Lagos State governor. He had defeated his rivals including Wahab Dosunmu and Funsho Williams. Over his 8-year period as a governor, he brought several reforms more so in the line of education. Also, he also initiated new road construction projects all over Lagos State. Due to his passion for helping the state, he was re-elected to office in 2003.
In 2007, however, Babatunde Fashola from the Action Congress won the elections bringing an end to Tinubu’s gubernatorial career.
Bola Tinubu’s wife is called Oluremi Tinubu. She holds the senatorial office for Lagos Central. Tinubu’s mother named Abibatu Mogaji was a famous businesswoman. She passed away on June 15th, in 2014. She died at the age of 96 years.
Net Worth & Assets
Bola Tinubu is speculated to be richest politician in Nigeria after the likes of Ibrahim Babangida, Late Sani Abacha and Former vice president Alhaji Atiku Abubakar.
His assets are littered all over Lagos State raising eyebrows and whisperings by concerned and nosy taxpayers on the legitimacy of the acquisition processes.
Some of his investments and assets are worthy of mention and they include;
- Radio Continental
- Oriental Hotel, Victoria Island, Lagos
- Illubrin Housing Estate
- Oando oil
- Lekki Concession Company (Jointly owned)
- Trojan Estate Limited amongst other assets and investments reportedly acquired while he served as governor.
The Jagaban is not also exempted from the lavish lifestyle of his cohorts as he jets around the world with his private bombardier jet worth $60 million and cruises around in a bullet proof, bomb detector, camera coated Mercedes G-wagon worth N600 million.
His private residence at Bourdillon drive, Ikoyi, Lagos is worth a staggering N1. 5 billion.
Bola Tinubu’s net worth is quite a convoluted arithmetic but it’s estimated at N10 trillion Naira and $32.7 billion.