Business Maverick: Bola Tinubu wins tightest Nigerian presidential election in decades

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Millions of Nigerians voted over the weekend for a new president to succeed Muhammadu Buhari, whose eight-year rule of Africa’s most populous nation saw the economy fall into a fiscal crisis and insecurity become increasingly rife. The election was ...

that he has long denied. He studied accounting in the US and entered Nigerian politics in 1992, opposing the military dictatorship before serving for eight years as Lagos’ governor.In 1993, he forfeited $460,000 to resolve a lawsuit in Chicago after US federal authorities said that bank accounts in his name held the proceeds of heroin trafficking. On the eve of the last national elections in 2019, two armored bank vans were spotted entering Tinubu’s Lagos compound.

Still, the movement he built — mostly made up of engaged, energized young people fed up with the status quo — has. His nearly quarter share of the electorate delivered an unprecedented rebuke of the two main parties that have dominated Nigeria’s politics since democracy returned in 1999. His victory over Tinubu in his political stronghold Lagos was the biggest upset in years.— its economy in crisis and insecurity rampant.

 

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And every new one appointed turns out to be just as much of a failure as the previous one.

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