First Thoughts

Sayyu Dantata

Femi Otedola Mike Adenuga Federal Government Fola Adeola Mahmud Tukur Vice Presidential


The list of top 21 Richest Nigerian billionaires has been based on: The value of their shares held in quoted companies, the size and market share of their companies, the number of companies they own and its assumed value, the market value of their company’s brand and the impact of their companies on the Nigerian economy. In a country with a population of over 160 million inhabitants and millions of businesses; these 21 entrepreneurs diligently carved their names in the sands of time. See the list below. 1. Alhaji Aliko Dangote – founder of Dangote Group, Richest man in Africa and Richest black man in the world 2. Mike Adenuga – Conoil, Equatorial Trust Bank, Globacom 3. Femi Otedola – ZENON Oil and Gas 4. Orji Uzor Kalu – Slok Group 5. Cosmos Maduka – Coscharis Group 6. Jimoh Ibrahim – Nicon Insurance, Global Flee 7. Jim Ovia – Zenith Bank, Visafone 8. Pascal Dozie – MTN Nigeria, Diamond Bank 9. Oba Otudeko – Honeywell Group Nigeria 10. Alhaji Sayyu Dantata – MRS Group 11. Umaru Abdu ...
Nigerian billionaires to raise money for Jonathan’s campaign Twelve top Nigerian businessmen, including billionaires Aliko Dangote, Femi Otedola and Mike Adenuga, were selected yesterday in Abuja by the People’s Democratic Party to join a committee that will raise funds to support President Goodluck Jonathan’s presidential campaign. Others in the Donor Committee are Tony Elumelu, former chairman of the United Bank for Africa; Jimoh Ibrahim, chairman of NICON Insurance; Emeka Offor, Kashim Bukar, Sayyu Dantata, Jim Ovia, Dahiru Manga, Abdulsamad Rabiu and Kola Salako. The ruling party also named a nine-member finance and fundraising committee headed by former chairman of the Nigeria Stock Exchange, Oba Otudeko. The members of the committee are Atedo Peterside, Aigboje Aig-Imoukhuede, Funsho Lawal, Bola Shagaya, Tukur Mani, Tony Onoh, Funsho Awoyemi and the party’s director of finance. A list, which was obtained at the party secretariat in Abuja, also has former president, Olusegun Obasanjo and form ...
HISTORY ALHASSAN DANTATA/DANGOTE.STORY (part 1) Alhaji Alhassan Dantata (1877-Aug 17th 1955). The wealthiest man in West Africa. Alhaji Alhassan Dantata was a Nigerian businessman who was the wealthiest man in West Africa at the time of his death. Ancestors and Heritage Dantata's father was Abdullahi, a man from the village of Danshayi, near Kano. Dantata was born in Bebeji in 1877, one of several children of Abdullahi and his wife, both of whom were traders and caravan leaders. Bebeji was on the Kano to Gonja (now in northern Ghana) and Kano to Lagos routes. The people of Bebeji, at least those from the Zango (campsite) were great traders. Bebeji was considered a miniature Kano. There was a saying which went “If Kano has 10 kolas, Bebeji has 20 halves" or in Hausa: "Birni tana da goro goma, ke Bebeji kina da bari 20". The town attracted many people of different backgrounds in the 19th century, such as the Yorubas, Nupes, Agalawas, etc. It was controlled by the Sarki (chief) of Bebeji who was responsib ...
MRS Fire: Our Safety Measures Averted a Major Disaster, says Dantata THISDAY 19/01/03 Chairman and CEO of MRS Plc, Sayyu Dantata, tells SHAKA MOMODU that last Wednesday’s fire incident involving one of their barges in Lagos could have been much worse barring what he call the company’s impressive safety system How exactly did the fire incident happen? Fire incidents do happen every now and then especially during the dry season. In fact let me borrow from what Governor Fashola said when he visited our facility. He stated that in the dry season we experience fire and in the rainy season we experience flood. But that is beside the issue. Obviously there must have been something that caused the barge to catch fire and explode, but investigations are still ongoing to ascertain what actually caused the fire. The important thing for me personally and the company is that we took precautionary measures to match international standards of modern Oil installations in terms of safety. And because of the investmen ...
M.R.S Oil which is owned by Sayyu Dantata, Dangote's brother was implicated in the Aigboje Imoukhede Fuel Subsidy Probe. Oando which former Lagos State Governor; Asiwaju Bola Ahmed Tinubu is a shareholder was equally implicated, but none of the C.E.O'S of these companies was humiliated the way Capital Oil boss; Ifeanyi Ubah was treated by the Special Fraud Unit of the Nigerian Police Force.His arrest came on the day he was supposed to go to Anambra State to donate relief materials worth millions of naira to flood victims in the state. The Federal Government angry with his rising political profile and philatrophic gestures decided to humiliate him, because he is the only Igbo man that plays big where the cabal have taken as their own territory. This was the same way Ibeto was crippled economicaaly for daring to compete with Dangote in the cement industry where the later holds sway by the Obasanjo government. What is good for the goose is good for the gander.
Some billionaire debtors, whose firms, directors and shareholders were barred from securing further loans from b...
Former Power Minister, Prof. Barth Nnaji and others to face the law for Bank debt - CBN -
How do these individuals and companies in Niigeria get to borrow tens of millions of dollars from banks. It is no wonder that the banks are reduced to mere deposit taking. Had these banks focused on loans for farmers and manufacturers certainly these loans would have been paid back. Please read list below of the rich debtors. The Central Bank of Nigeria (CBN), in a circular released at the weekend, listed prominent Nigerians and their companies as part of debtors who have allegedly refused to pay up debts they owe to banks. The apex bank listed 113 companies and 419 directors/shareholders and directed banks in the country not to extend further credit facilities to them. Prominent among the blacklisted names and companies are Femi Otedola, Sayyu Dantata, Johnson Arumemi-Ikhide, Barth Nnaji, Elizabeth Ebi and Wale Babalakin. "The debtors have refused to pay back their loans despite the purchase of the debts at an agreed price by the Asset Management Corporation of Nigeria (AMCON)," stated the circular. The ...
Mr. Adenuga’s company, which was once accused of tax evasion, has been accused of being behind the current fuel scarcity. Nigerian billionaire, Mike Adenuga, through his company, Conoil Plc, is one of those behind the fuel scarcity being experienced in Abuja, the Federal Government has said. Mr. Adenuga is not alone in this alleged misdemeanour, according to Finance Minister Ngozi Okonjo-Iweala. Companies owned by other wealthy Nigerians such as Eterna Oil, whose directors are Mahmud Tukur, son of Peoples Democratic Party National Chairman, Bamanga Tukur, and Fola Adeola, the Vice Presidential candidate of the Action Congress of Nigeria in the last presidential elections; and MRS Oil and Gas, believed to be owned by businessman Sayyu Dantata were also found to be instigators of the fuel crisis. Mr. Adenuga, listed by Forbes Magazine as one of the world’s richest billionaires, is not new to controversy. In 2009, the Ogun State born businessman was indicted by Nigerian tax authorities. The Federal Inlan ...
Femi Otedola, under the aegis of friends of Obasanjo and Atiku, contributed N25m towards the rehabilitation of the National Mosque in Abuja. He was also one of the co-launchers of Obasanjo Presidential Library Project, where he donated N200 million. He also contributed well over N100 million to the President’s re-election expenses and is among the President’s economic team, having direct access to the President and giving credence to the insinuation in many quarters that the whole mess is orchestrated by the PDP-led government to shield its cronies. On February 11th last year, some prominent billionaires met at the Eko Hotel in Lagos and at the end of their meeting, the Presidential Campaign Council (PCC) was given birth to with the mandate of making the money to oil Jonathan’s campaign available. In attendance was Femi Otedola, Jimoh Ibrahim, Sayyu Dantata, Emeka Offor among others. What was seen afterwards was the Federal Government paying out huge sums of money promptly in settlement of bills to ...
is is a screen grab. the server seems to crash. EFCC has detained , Mike Adenuga, Femi Otedola, Sayyu Dantata
EFCC arraigns Dr Sani Teidi Shuaibu the former Director Pension Administration and 39 suspects over N4.5B pension scam.
Hydro Alternative Energy, Inc. Announces Execution of Binding Letter of Intent ... - 24-7PressRelease.com (press...
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