However, Abubakar’s next move is probably one of the main reasons why he is so rich. Along with an Italian businessman by the name of Gabrielle Volpi, he created NICOTES, which stands for Nigeria Container Services. The company is now known as Intels, and it is an oil servicing business that has extensive operations inside and outside of Nigeria.
Nevertheless, along with large sums of money, Atiku’s involvement in the creation of NICOTES/Intels has also brought various accusations of money laundering and conflict of interest. But, as you can see, not much has come out of those accusations, and Atiku Abubakar is still one of the wealthiest people in Nigeria.
You might be surprised, but Abubakar is actually not like many other businessmen and politicians. He does not like to flash his undoubtedly expensive houses/cars/jets, even though he has large platforms to do that on. Continue reading to find out what he chooses to do with his wealth.
Atiku Abubakar and philanthropy
As we have mentioned before, Atiku Abubakar is a philanthropist, but we think that it is an understatement. He frequently donates large sums to various charities, organisations and causes.
One of his most generous donations was to the National Peace Corps Association, United States. He donated $750,000 to the Association, which, unsurprisingly, was the biggest donation from one individual in its history.
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