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Fact-Check: Is President Tinubu’s Son, Seyi’s Wristwatch Worth ₦346million?

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First with the News

Fact-Check: Is President Tinubu’s Son, Seyi’s Wristwatch Worth ₦346million?

February 25, 2024
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By Emmanuel Nduka and Mavis Lucky

Former presidential aspirant and Convener of #RevolutionNow, Omoyele Sowore, on Sunday, February 25, 2024 made claims that the wristwatch of Seyi Tinubu, son of Nigeria’s President, Bola Tinubu, is worth a whooping ₦346million.

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Seyi Tinubu adorns a Richard Mille wristwatch

“Only 5% Of Nigerians Have Over ₦500,000 In Their Bank Accounts’” – Tinubu’s Finance Minister, Wale Edun. Meanwhile, Seyi Tinubu @STinubu’s watch is ₦346,000,000. ‘Justice for all just ain’t specific enough!” he wrote on his X handle on Sunday.

Findings by Heritage Times HT revealed that the said wristwatch seen on Seyi’s hand, is a Richard Mille RM11-03.

Richard Mille wristwatches and price ranges seen on Chrono24

However, the Richard Mille watches ranges between $2,000 ( ₦3,214,000) to $720,000 (₦1,157,040,000), (www.chrono24.com) at ₦1,607 to $1 official rates as at Saturday, February 24, 2024.

READ ALSO: Where Is Niger’s Mohammed Bazoum?

While Heritage Times HT is not certain of the particular range worn by Seyi, or if the one he wore is a counterfeit product, the president’s son has a passion for luxury collections. His estimated net worth is between $50million to $100million, according to williamkamkwamba.com.

Richard Mille wristwatches

Heritage Times HT reports that he recently came under fire for urging Nigerians to endure the current hardship caused by his father’s leadership policies. “There is no joy in seeing the people of this nation shoulder burdens that should have been shed years ago. I wish today’s difficulties did not exist. But we must endure if we are to reach the good side of our future,” he wrote on Instagram last Monday.

His post came at a time when all economic indices of Africa’s most populous nation has dipped to an all-time low, especially with the rise in inflation, food crisis, forex woes, removal of Petroleum subsidy and rising insecurity.

Seyi Tinubu began his career in the family business, Rotimi Tinubu & Co., a Real Estate and Property Development Company. He co-founded Loatsad Promomedia Limited, an Advertising Company in Nigeria. He is also the founder and CEO of Red Dot Media, another Advertising Agency, and is into entertainment.

 

 

Tags: Omoyele SoworeRichard MilleSeyi Tinubuwristwatch
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