2017 Forbes list of top 10 richest Nigerians

In the latest release, nine others made the billionaires club to join Africa’s Richest man Aliko Dangote with a net worth of $12.5 billion. In 2014, Dangote ranked as the 24th richest man in the world but has since then fallen to positions below 100 due to Naira’s depreciating value.

Others on the rich men’s list, according to Forbes ranking, are: Globacom and ConOil Chairman Mike Adenuga with a net worth of $10.5 billion, with interest in oil and gas and telecoms and Zenon Oil and Gas and Forte Oil Plc Chief Executive Officer Femi Otedola, who has interest in real estates amongst other sectors with a net worth of $2.3 billion.

Also in the club are: business tycoon Mrs. Folorunsho Alakija, who has interest in fashion, oil and printing industries. Mrs Alakija, who is the richest African woman has a net worth of $2.1 billion; former Chief of Army Staff (COAS) Gen Theophilus Danjuma, who is the Chairman of Atlantic Petroleum with a net worth $1.7 billion and BUA Group Founder Abdusalam Rabiu, who has interest in sugar refining, cement production, real estate and port operations.

In September 2015, the BUA Group signed a $600 million deal with a Chinese cement equipment service provider Sinoma International Engineering to construct a second production line in Edo State. He is worth $1.5 billion.

The others are: United Bank for Africa and The Tony Elumemu Foundation Chairman Mr. Tony Elumelu. The philanthropist is worth $1.4 billion. There is also former Abia State Governor Orji Uzor Kalu. The Slok Holding founder and Chairman runs a conglomerate with interest in shipping, banking, oil, trading, manufacturing and the media. He is worth $1.1 billion.

Zenith Bank Founder and Chairman Jim Ovia is the largest shareholder with a stake of almost 10 per cent. Ovia is worth $1 billion.

The Chairman and Founder of the Honeywell Group, Oba Otudeko is said to worth $650 million. He is the chairman of FBN Holdings Plc. His operations spread across oil and gas, flour milling, real estate and marine transportation.

Below are top 10 richest men in Nigeria according to Forbes ranking 2017, ranging from the least to the top.

10. Oba Otudeko:

Oba Otudeko is the Chairman and founder of the honeywell group.
He is also the chairman of FBN Holdings Plc. His operations spread across oil and gas, flour mining, real estate, and marine transportation. Net Worth: $650 million.

9. Jim Oviah:

Jim Oviah is the founder of Zenith Bank. He is the chairman and the largest shareholder with a stake of almost 10%.
He also manages a mobile telecom Visafone which has over 3 million subscribers. Net Worth: $1 billion.

8. Orji Uzor Kalu: 

The former governor of Abia State. He is the founder and chairman of Slok Holding. A conglomerate with interest in shipping, banking, oil, trading, manufacturing and the media. He became a real business man at the age of 19 after being expelled from a Nigerian University for allegedly spearheading a series of student riots. Net Worth: $1.1 billion.

7. Tony Elumelu: 

A philanthropist and founder of the Transcorp and Heirs Holdings. He was the chairman of United Bank for Africa and was estimated to worth $1.4 billion.

6. Abdusalam Rabiu: 

Abdusalam is the founder of the famous BUA Group. A conglomerate active in sugar refining, cement production, real estate and port operations. In September 2015, his Group signed a $600 million deal with a chinese cement equipment service provider Sinoma International Engineering to construct a second production line located in Edo State Niger Delta, Nigeria. Net Worth: $1.5 billion.

5. Theophilus Danjuma: 

Former Nigerian Chief of Army staff between 1975 to 1979. He is the current chairman of Athlantic Petroleum. Net Worth: $1.7 billion.

4. Folorunsho Alakija: 

Folorunsho is a business tycoon who has interest in fashion,oil and printing industries. She is the richest Woman in Nigeria and the richest woman of the African descent in the world. Net Worth: $2.1 billion.

3. Femi Otedola: 

He is the CEO of Zenon Oil and Gas and Forte Oil Plc. He has interest in real estates amongst other sectors. Net Worth: $2.3 billion.

2. Mike Adenuga: 

Mike Adenuga is the second richest man in Nigeria with interest in Oil and Gas and telecoms. He is the owner of Globacom, Nigeria’s second biggest telecom operators and the chairman of Conoil. Net Worth: $10.5 billion.

1. Aliko Dangote: 

Aliko Dangote is the richest man in Nigeria, Africa and of course the richest black man in the world. In 2014, he ranked as the 24th richest man in the world but has since then fallen to positions below 100 due to Nigeria’s poor Naira. Net Worth: $12.5 billion.

[Nigeiran Eye]

REVEALED: How corruption caused Boko Haram uprise in Nigeria – Osinbajo

Vice President Yemi Osinbajo has said corruption led to the rise of Boko Haram insurgency in Nigeria.

He stated this at the OECD global forum in France on Thursday.

Osinbajo said there was no way one could ignore the link between corruption and insurgency.

“Besides, we have seen in Nigeria, in recent years, how corruption directly fueled the terrorist insurgency in the North-East. And how in turn that has led to one of gravest humanitarian disasters in the world.

“Also the adverse implications for education, healthcare, social services, infrastructure and indeed the quality of life no longer requires making a case .

“Corruption and illicit financial flows are different. But they really must be twinned. This is because for practical purposes it is an eminently more sensible approach to treat most of the sources of illicit financial flows as corrupt activity, within a broader use of the term,” he said.

[Daily Post]

Abacha did not loot Nigeria’s money – Ishaya Bamaiyi

Former Chief of Army Staff (COAS), Lt. General Ishaya Bamaiyi has insisted that his then principal, General Sani Abacha, did not loot Nigeria’s treasury.

Bamaiyi said the stories of Abacha’s loot was a creation of the Nigerian media.

He stated this while speaking at the launching of a tell-all memoir, which covers his military career, in Abuja on Thursday.

Bamaiyi explained that Abacha only kept the monies in places, where they could be easily accessed.

“I am not defending Abacha, I am not saying things did not go wrong,” Ishaya Bamaiyi noted, adding that “What I know is that we sat down and agreed that the monies should be kept in a place so that we can have access to them. I don’t know if something else happened after that period.”

Bamaiyi’s account of Abacha’s handling of Nigeria’s treasury during his regime, which lasted between November 17, 1993, and June 8, 1998, contradicts an estimate that shows Abacha channeled up to $2.2 billion from Central Bank of Nigeria into private accounts.

On March 8, 2016, Nigeria and Switzerland entered into an agreement, which will see the European nation return $321million stolen by the former military head of state.

[Daily Post]

Nigerian students in India cry out – “Help us, our lives are in danger” [Photos]

Following continuous attacks on Nigerian living in New Delhi, India, some Nigerian students in that country have cried out that their lives are in danger just as the Nigerian High Commission there has not done anything to protect them

This call is coming on the heel of recent xenophobic attacks on Nigerians and other Africans living in the Asian country, India, following the death of a teenager identified as Manish Khari, who was found dead outside his house in NSG colony of Greater Noida.

The family members of the deceased alleged that five Nigerians had kidnapped him and drugged him, leading to his death.

Hindustan Times reports that the family members staged a protest on Saturday, March 25, 2017, at Kasna police station demanding that the suspects be arrested immediately.

The injured Nigerian students

Photo Credit: True Viber


On the evening of Monday, March 27, the family with the support from locals in the area, organized a candlelight march and when the crowd reached Pari Chowk in Greater Noida, few protestors attacked a car passing by with four African people.

That same Monday, four Nigerian students were reportedly mobbed by locals with some of them beaten with sticks and chairs till they became unconscious in the presence of security men who did not go to their aid.

Three Nigerian students, Endurance Amarawa, Ibgiya Malu Chukwuma and Precious Amalcima were seriously injured during the attack from the crowd.

With the seeming apathy of the Nigerian government and the reluctance of their High Commission to wade into the matter, the Nigerian students in the area have cried out that their lives are in danger.

One of such students shared details of the attack and what they are currently going through in the hands of the Indians:

“I am a student of Sharda University in Greater Noida, India. On Saturday, March 25th, 2017, an Indian teenager of class 12 was reported dead due to cardiac arrest caused by drug overdose.

An injured Nigerian student receiving treatment

Photo Credit: Indian Express

His parents began to suspect that his Nigerian friends were the people who supplied the drugs to him.

His family reported to the police officers about the current situation. The police later picked up the 5 Nigerian students for questioning.

After further investigations, no evidence was found to link the students to the incident, so they were released.

On Monday, 27th March 2017, in the evening, a Nigerian student from Benin went to Ansal plaza in Greater Noida, India, to purchase something. On getting there, he was attacked by over 200 Indians and was beaten seriously with all sorts of things.

And this happened in a mall! Was there no security? It was really BRUTAL! He was later rescued by the police and taken to the hospital.

Later that evening, a person from Eastern Nigeria (Igbo) was attacked in his car, by breaking of his car glass in order to penetrate and he was beaten seriously and injured.

Ever since this incident, the African Union of India has instructed all Africans to remain indoor till further notice.

1. We are unable to go to school for lectures.

2. We are unable to buy food stuff.

3. We have been indoors for the past 2 days with the fear of losing our lives. It’s totally unbearable. We are only hoping on GOD. Our lives are in danger.”

One of the injured Nigerian students

Photo Credit: India Today

The Indian police have, however, pleaded for calm, saying that five people have been arrested in connection with the attacks on the Nigerians.

A statement by the police reads:

‘Five people were picked up from the spot after the incident; besides that, we have registered FIR against 44 other people who we suspect were part of the group.

Further investigations are on, appropriate force is deployed in the area. All the four Nigeria nationals who are students at colleges in Noida are safe. FIR under section IPC 145, 148(rioting), 304, 332(causing hurt), 504, 307(attempt to murder) and 153A(causing hurt based on race) has been registered by the police.’

President of the Association of African Students in India, Samuel Jack has also condemned the attack in a press briefing by saying:

This is a hate crime on the African community in the country; locals in Greater Noida say that they do not want Africans in their country anymore.

Samuel Jack addressing a press conference

Photo Credit: China Daily

These are actually hate crimes towards African community. Africans are not secure in this country.”


Tonto Dikeh’s estranged husband, Churchill – Domestic violence is against my tradition

Tonto Dikeh’s husband, Oladunni Churchill, has shared another one.

The businessman who keeps dropping the bomb one at a time says it’s against his tradition to beat women.

Tonto Dikeh's evidence of physical abuse.Tonto Dikeh’s evidence of physical abuse.(Instagram)


Churchill in a post shared on Instagram yesterday replied a followers question asking him if he indeed beat his wife.

On the post which reads, “Don’t compare your real life to someone else’s controlled online content,” a follower asked, “Do you beat women yes or no.”

Between Churchill and a fan (Instablog9ja)


He, however, replied, “against my tradition.

This comes closely after Tonto Dikeh apologised to fans for lying about being in a comfortable marriage.

The actress threw a subtle shade at her estranged husband calling him a psychopath.

Between Tonto Dikeh and a fan (Instablogja)

Then a fan accused her of abusing everybody for hyping the ‘so-called psychopath while married to him.

The actress had alleged in a separate interview that her husband subjected her to physical abuse providing evidence of this on her Instagram account.

This also comes after her estranged husband, Oladunni Churchill, released  evidence to refute many of his ex-wife’s claims.

The businessman’s brother, Tokunbo, in a recent interview, says he once witnessed Tonto Dikeh in “one of her moods”.

According to him, she slapped her husband and began to destroy things in their home.


Stephanie tells Apostle Suleman – God will destroy you for seeing my nakedness

Alleged estranged mistress of Apostle Johnson Suleman of Omega Fire Ministries, Stephanie Otobo has declared that having seen the pastor’s nakedness, her God which is greater than that of the clergyman would put him shame.

Recall that Ms Otobo had accused the Edo-born preacher of impregnating and abandoning her.

Following her initial allegation against the preacher, the Canadian-based singer went ahead to release more intimidating details about her alleged romance with Suleman.

Just last Sunday, mother of the Canadaian-based stripper, Tope Otobo, was at the OFM headquarters in Auchi, Edo State where she begged the pastor on behalf of her daughter.

But in a new video she released, Ms Otobo accused Suleman of desperately trying to hide his evil deeds by conspiring with her mother to carry out such action.

Stressing that she has no physical power, the Canadian-based singer warned that shame and destruction will come on the clergyman in all he does.

She said, “I want to say thank you to all those who have being supporting me and for those not supporting me, I hope one day you will see the truth.

“This is not just my fight but it is for those that have been abused but could not come out to say the truth or stand for the truth. If I was the daughter of a prominent person, will you go to my mother, call Canada for information, would you go to my father, would you do these things?

“If my parents had powers to fight you, would you still be doing these or you will just end this in the closed door. Apostle Suleman is really getting too desperate. I have seen your pictures with your wife that is what I hope God for in all marriages and I know she would be thanking God for making this happen.

“Are you trying to hide something here, are you trying to hide the fact that you are not who you have been showing people that you are by playing with your wife, making people think you are so much in love with her.

“Where were you last year, two years ago with your wife? Anyway, I know my God is stronger than you and he has more connection than you. No matter what I’m still standing, I don’t care the agreement you had with my mother or my family that made them bought whatever you are saying to them.

“On that Sunday, you sent private cars to pick up my mother from Delta State to Auchi which is like five to six hours away. You are so desperate to get something; you want to be God that you are not. God is in heaven and he can never allow anyone takes his place and this is why I’m still standing.

“Physically I have no power to fight, it’s just God that is fighting for me and this God will fight you to the last and the truth will come out.

“No matter what you do with my family or calling people in Canada, the truth will come out, I will not bow. You are just an ordinary man that I have seen your nakedness, you are like an Agbero, a vulture, so skinny like a rat.

“I’m not scared of you, you can make anyone bow to you but I’m standing for the truth, I have seen your nakedness on and on and I’m not shaken.

“I’m placing a curse on you for doing that to my mother; you went too far to take my mother from her home to Auchi your church and made her kneel before you. For this you have done shame and destruction will come upon you.

“I can’t be scared of you because I have seen your nakedness, you have used your tongue on my body, given church money to me instead I will curse you that God of truth will send his fire to destroy you.”

Watch video here

[Daily Post]

REVEALED: How I got my football breakthrough – Wilfred Ndidi

Leicester City and Nigeria midfielder, Wilfred Ndidi, has recounted the moment that paved the way  and carve a breakthrough for a career in football for him.

The Super Eagles star completed a £17 million move from Genk to Leicester City in January and has gone on to put up some fine displays in England.

However, Ndidi says he could have easily been doing something else, after his father insisted he faced his books.

He also revealed that he was the only one of 500 boys to be invited for a trial at Genk, which sent scouts to watch a Nigerian football tournament.

“I didn’t score [to impress Genk], I was actually playing in central defence,” Ndidi told Goal.

“I was told not to play long balls, so I just made a one-two and another one-two and then I gave a pass, made an assist.

“It was important because we were an academy, we played a team from the Nigerian Premier League [and we were only an academy], 3SC Shooting Stars, who were winning 1-0. I gave that pass and it made it 1-1.

“I was the only one selected out of 40 teams, 500 players. I had to go and do trials in Genk after that. Then I did the trials in Genk, After a year, they gave me a contract.

“It was difficult [coming to Europe] but I stayed with a family who tried to make me feel like I was at home. It was the time of the trial. So when I came home every day I felt like part of the family, it felt like home and made it easier.”

[Daily Post]

Nigeria is doomed if Buhari does nothing about the economy – Tinubu

National Leader of the All Progressives Congress (APC), Bola Tinubu, has said that Nigeria is doomed, if the President Muhammadu Buhari-led administration does not reform the economy.

Tinubu said this while speaking on Tuesday in Lagos at the 9th Bola Tinubu Colloquium, organised by his friends and well-wishers to celebrate his 65th birthday, today, March 29.

Speaking on the theme of the colloquium ‘Use What We Make, Make What You Use’, the former Lagos Governor said: “There is widespread poverty, gross inequity, and high unemployment. I don’t see why this nation should continue to be poor with all its human capital and resources.

“Our challenges as a nation are manifold, but so are our capabilities, talent and resources, therefore we need to revolve the political economy in a manner that will put our huge population into productive use.

“If we do nothing to reform our economy, we are doomed as a nation.

“I know this administration has begun the process of salvaging the economy through reforms, but we need to create that enabling environment and make credit facilities accessible for creative individuals.

“Not only must we use what we make and make what we use, we must make what the world values.

Tinubu also commended President Muhammadu Buhari for temporarily transferring power to vice-president Yemi Osinbajo during his medical vacation in London.

“I want to applaud President Muhammadu Buhari for meticulously following the constitution in temporarily transferring power to his deputy, Professor Yemi Osinbajo.

“As such, these two excellent men exemplified teamwork and the true meaning of unity of purpose.

“Buhari set the pace by giving strategic direction to the VP and Osinbajo performed excellently well while the president was away by putting action into what the president told him to do,” he said.

[Daily Post]

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