PDP Candidate, Atiku Says Earn Paltry 20 mln Naira yearly
By Olumidagreaton October 26, 2018
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Atiku Abubakar, the candidate of Peoples Democratic Party (PDP) in the February 2019 presidential election in Nigeria who is believed to be a multi-billionaire has declared a paltry yearly personal income of 20 million naira.
According to papers filed with the Independent National Electoral Commission (INEC) in compliance with the electoral law.
Atiku, who prides himself as a businessman and job creator said he earned only 60.2 million naira in three years and paid a paltry 10.8 million naira tax between 2015 and 2017.
Some reports have estimated Atiku’s wealth at about $1.4 billion.
In 2014, Atiku boasted that he was the greatest employer of labour in Nigeria, with about 50,000 Nigerians on his payroll.
“As an individual, I believe my record in employing young Nigerians is unrivalled by any single private investor in Nigeria,” the former vice president said.
He has investments in media, shipping, education, and other sectors. One of the companies, where he has a substantial interest is Intels, which recently ran into trouble with the Nigerian government for not remitting revenue due to the Nigerian treasury.
He is also the founder of American University in Yola and has a chain of schools under ABTI brand.
He owns Prodeco, a property development company and Prodeco International, operating in Oil & Gas Free Zones.
Prodeco, founded in 1996, engages in building, marine, and infrastructural construction in the oil and gas industry.
He also has an interest in agriculture, with Atiku Abubakar Farms.
The PDP candidate’s credentials indicate his highest educational qualification as a Diploma in Law of 1969 from the Ahmadu Bello University (ABU).