money and also built a house for his mother at the age of 15.
Atiku, who is one of the presidential aspirants in the All
Progressives Congress, in his new book titled 'My Life', which he
authored, said he bought a mud house for her mother in Ganye, Adamawa
State.
He gave the explanation under chapter six of the book, entitled 'Making Money'.
He said he recognised very early in life that he had a good nose for
business and this made him to apply for and obtained a Federal Housing
loan.
The loan, he said, which amounted to N31,000, was the equivalent of
his salary for five years as a customs officer.
He said, "I was granted a plot of land by the Gongola State Government
at Yola Government Reserved Area. I hired a foreman and began building
my first house.
"With close personal supervision, the bungalow was completed on time
and to my taste. I rented it out immediately.
"The rent I collected in advance on the house was substantial enough
for me to purchase a second plot. I built my second house and rented
it out.
"I continued to plow back the rent into the building of new houses and
within a few years, I had built eight houses in choice areas of Yola.
I also built a new house for my mother and rebuilt the old mud house I
bought for her in Ganye when I was a 15-year-old student."
The former Vice President said property investment could be rewarding,
because, according to him, returns on it could also be high depending
on the location.
Kaduna, for instance, he added, was a good place to invest in property
before the emergence of Abuja.
He explained that he built his first house in Kaduna with the rent he
made from other property and that later, he bought six more plots and
built residential houses and rented them out to individuals and
institutions.
Atiku also added that of all the businesses into which he would
venture, he listed what he described as a small oil services company
as the most successful and most lucrative.
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