Bola Tinubu, the party’s presidential candidate, is said to have received funding through investments in blue-chip firms, according to Dele Alake, the All Progressives Congress (APC) Presidential Campaign Council’s director of strategic communication.
During an interview on Sunday Politics on Channels Television, Mr. Alake discussed Tinubu’s wealth.
He responded, “What I know is that right from his days in the corporate sector, he has been trading in stocks, and he acknowledged so when asked where the former Lagos Governor got his riches from.
“He has been buying stocks and bonds and all of that. I am not a finance person. So, I am not going to be interested in the nitty-gritty of it all. But I know he has been trading in stocks.
“I know that when you trade in stocks and are a finance person, you know how to juggle the stock market. Those who are adept at it see what I am talking about. They wouldn’t start questioning how he made his money from stocks.
“He was buying stocks of blue chip companies and all of that. He was making money, and he was spending money. He has been doing all these years before he got into office.”
Critics have frequently questioned the origin of APC presidential contender Bola Tinubu’s wealth.
The former governor of Lagos State has been criticised and opposed, and others have continued to cast doubt on his fortune by charging him with corruption and secretly holding stock in businesses. However, Mr. Tinubu and his associates have persisted in denying the accusations and maintaining that he obtained his fortune legally.
Election season has raised more doubts, but Mr. Alake thinks they are motivated by jealousy, anger, and the “pull-him-down” syndrome.
“Why people are querying the source of his wealth is because he had been a successful governor of Lagos and a successful politician even after office,” he said.
“He is the only one of the class of 1999 who is at that enviable political height today. He is bound to attract all of these negative comments.”
Mr. Alake emphasised that he was aware of Tinubu’s expenditures and riches before his election to office. That was essential to him.
“He made his money well before he got into office. I think what is important to Nigerians is to know that this man was not a pauper before he came into office, like some others,” he said.
Mr Alake declined to reveal whether or not Tinubu owns or has investments in any company in Nigeria.
He said, “What is my business about the company he owns in Nigeria? If tomorrow you become like Bola Ahmed Tinubu, why should I be bothering about the companies you own as long as it is not proved that you have taken the money of your state or whatever company you work for?
“It is not proven, and you are not indicted in any court of law. Why should I now be bothering my head?
“It is an extraneous issue and, like I always say, pandering to the whims and caprices of those who are jealous and extremely envious and suffering from OCH, obsessive-compulsive hatred, of Asiwaju.”