between 1967 and 1969. In 1969, he became the comptroller of International Telephone and Telegraph (ITT), Nigeria, Ltd., and rapidly rose to become vice president for ITT's Africa and Middle East branch. He was also chairman and chief executive officer of ITT Nigeria, Ltd. from 1972 through 1988. During this period Abiola founded and sat as chairman of Concord Press of Nigeria Ltd. and served as chief executive at Radio Communications Nigeria. While employed with ITT, he was frequently admonished by the general public due to the dreadful condition of the Nigerian telephone system. Abiola's detractors claim he profited financially at the expense of the citizens by using inferior materials and keeping extra profits for himself; charges he adamantly denied.
Much of Abiola's fortune, which was estimated at close to $2 billion, he freely distributed to others. He is said to have sent over 2,500 students through the university system as well as donating money to charities and championing sporting events. His generosity earned Abiola the nickname "Father Christmas" among the citizens of Nigeria. In addition to his generosity, Abiola was considered an astute businessman. For over 20 years he carefully cultivated friends throughout the country.
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