Atiku Abubakar Net Worth

What is Atiku Abubakar Net Worth

Atiku Abubakar is a Nigerian Politician and Businessperson who has a net worth of $1.4 Billion. He served as Nigeria’s president from 1999 to 2007 while serving as Olusegun Obasanjo’s vice president.

He unsuccessfully campaigned for governor of Adamawa State in 1990, 1996, and later in 1998 before joining Olusegun Obasanjo’s ticket in the 1999 presidential election and was re-elected in 2003.

Background

In the town of Jada, which was then administered by the British Cameroons, Atiku Abubakar was born on November 25, 1946.

The territory joined the Federation of Nigeria following a referendum in 1961. His mother was Aisha Kande, while his father, Garba Abubakar, was a Fulani merchant and farmer.

In memory of his paternal grandpa, who emigrated from Wurno, Sokoto State, to the hamlet of Kojoli in Jada, Adamawa State, Atiku was given the name Atiku Abdulqadir.

His maternal grandfather, Inuwa Dutse, relocated from Dutse, Jigawa State to Jada, Adamawa State.

When Atiku’s only sister died in infancy, he and his parents were left with only him. When crossing a river from Jada’s adjacent town of Toungo, his father drowned in 1957.

Education

In an effort to keep Atiku Abubakar out of the conventional educational system, his father, who disliked the idea of Western education, tried to do so.

Atiku’s father had to spend a few days in jail while the authorities collected the fee after learning that he was skipping out on required education. Finally, the sentence was paid for by Aisha Kande’s mother.

At age eight, he started going to Adamawa’s Jada Primary School. He graduated from primary school in 1960 and was one of 59 pupils accepted the same year into Adamawa Provincial Secondary School.

Atiku obtained his secondary education credential in 1965 after receiving a grade of three in the West African Senior School Certificate Examination.

Atiku Abubakar was enrolled in the Nigeria Police College in Kaduna for a brief period of time after finishing secondary school.

After failing to submit his O-Level maths results, he eventually dropped out of college, worked briefly as a tax officer at the local ministry of finance, and was then accepted in 1966 to the School of Hygiene in Kano.

Atiku served as the interim student union president at the university and received a diploma in 1967.

In 1967, he took part in the Law Diploma program at the Ahmadu Bello University Institute of Administration thanks to a grant from the local government.

After graduation in 1969 and throughout the Nigerian Civil War, he worked for the Nigeria Customs Service. He served as the interim student union president at the university and received a diploma in 1967.

Subsequently, he received a grant from the local government and participated in the Ahmadu Bello University Institute of Administration’s Law Diploma program in 1967.

Upon graduation in 1969 and throughout the Nigerian Civil War, he went to work for the Nigeria Customs Service.

Business Career

Customs

Atiku spent twenty years working for the Nigeria Customs Service, possibly reaching the status of Deputy Director, which was at the time the second-highest position.

In April 1989, he retired and began actively engaging in politics and business. He started off in the building business as a young Customs Officer.

Career as a Real Estate Developer

In 1974, he applied for and was granted a loan of 31,000 nairas in order to build his first house in Yola, which he later rented out. He used the money from the rent to purchase a second plot and build a second residence.

In Yola, Nigeria, Atiku continued in this fashion, building up a significant portfolio of real estate. He began farming in 1981, purchasing 2,500 hectares of land close to Yola to establish a maize and cotton farm.

The company struggled and shut down in 1986. In an April 2014 blog post, he lamented that his initial attempt into agriculture in the 1980s was a disaster. Then Atiku later began trading, purchasing, and disposing of truckloads of rice, flour, and sugar.

Early Career in Polities

He eventually met General Shehu Musa Yar’Adua, who served as Supreme Headquarters’ Chief of Staff from 1976 to 1979, toward the end of his time in customs.

Abubakar was drawn into Yar’Adua’s frequent political gatherings at his Lagos home when the People’s Front of Nigeria was born.

Members of the People’s Front included politicians including Umaru Musa Yar’Adua, Baba Gana Kingibe, Bola Tinubu, Sabo Bakin Zuwo, Rabiu Kwankwaso, Abdullahi Aliyu Sumaila, and Abubakar Koko.

Vice President of Nigeria

First term

Second Term

Third term

Misconduct

Misconduct He was accused of participating in a worldwide bribery scheme together with William Jefferson and Jennifer Atiku Abubakar, one of Atiku’s wives.

The U.S. government issued a statement in January 2017 declaring that it will seek the politician’s consent before publishing the specifics of his immigration status in response to assertions made by critics that Atiku was unable to enter the nation.

The real reason, in Abubakar’s opinion, is that his visa application is still being handled. On January 17, 2019, however, Atiku and Bukola Saraki made a recent trip to the US with the aid of Brian Ballard.

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