Atiku reveals how he made his money

Okay…Former Vice President, Atiku Abubakar, is arguably one of the richest men in Africa. He has now revealed how he made his money.

He made the revelation in Chapter six of his new book titled “My Life”.Atiku.

In the chapter titled “Making Money”, Atiku said his wealth started from property investment. According to him, a nose for business at an early age prompted him to apply for and obtained a Federal Housing loan to the tune of N31,000, which he said was the equivalent of his salary for five years as a customs officer.

His words: “I was granted a plot of land by the Gongola State Government at Yola Government Reserved Area. I hired a foreman and began building my first house.

“With close personal supervision, the bungalow was completed on time and to my taste. I rented it out immediately. The rent I collected in advance on the house was substantial enough for me to purchase a second plot.  I built my second house and rented it out.

“I continued to plow back the rent into the building of new houses and within a few years, I had built eight houses in choice areas of Yola. I also built a new house for my mother and rebuilt the old mud house I bought for her in Ganye when I was a 15-year-old student.”

Atiku, who is one of the presidential aspirants of the all Progressives Congress (APC) stressed that property investment could be rewarding. He however added that a lot depended on the location.

.He gave an example of Kaduna as being a good place to invest in property before Abuja emerged.
The former V.P explained that he built his first house in Kaduna with the rent he made from other property. He later bought six more plots and built residential houses and rented them out to individuals and institutions.

Now hear this: Of all the businesses into which he later ventured, Atiku  listed what he described as a small oil services company as the most successful and most lucrative.