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Dangote only Nigerian on 500 billionaires list

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Business mogul, Aliko Dangote, is the only Nigerian to make a list of 500 billionaires published by Bloomberg Billionaires Index on Tuesday.

The index which was updated by the close of business at the New York Stock Exchange and showed that Dangote, ranked 115th, was the richest African and the only Nigerian on the list with a net worth of $17.8bn, an increase from $14.8bn the previous year.

“In calculating net worth, Bloomberg strives to provide the most transparent calculations available, and each individual billionaire profile contains a detailed analysis of how that person’s fortune is tallied,” Bloomberg said.

Dangote is the largest shareholder in Dangote Industries Limited, which owns investments in cement, sugar, salt and fertiliser.

Other Nigerian billionaires, including Mike Adenuga and Abdulsamad Rabiu, were missing on the list. Their net worth fell short of American billionaire Buba Cathy, who placed 500th with a net worth of $5.83bn as estimated by Bloomberg.

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PHOTOS: Fani-Kayode dines at residence of another Buhari’s Minister

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Since Thursday when his defection to the All Progressives Congress (APC) was made public, Femi Fan-Kayode, former Minister of Aviation, has been under fire.

From Social media to traditional media, the former critic of President Muhammadu Buhari and the ruling party, has been lampooned.

But FFK has waved critics aside, sharing pictures of his visit to the residences of key APC figures.

On Saturday, he released pictures of his visit to Ali Isa Pantami, Minister of Communication and Digital Economy, whom he had labelled a terrorist and asked Buhari to sack a few months ago.

While the dust raised by the post is yet to settle, Fani-Kayode released fresh pictures of his visit to the residence of George Akume, Minister of Special Duties.

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Armed gang invade Lagos streets, injure many, loot shops

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Mushin area of Lagos State was yesterday, thrown into commotion as some armed gang invaded some streets, inflicting injuries on residents and destroying property worth millions of naira.

It was gathered one person died in the mayhem that forced churches within the affected communities to close for fear of being attacked.

Information had it that a notorious armed robber was arrested sometime by the police and was transferred to Abuja. But his release was allegedly facilitated by some big shots he worked for.

After his release, his loyalists from the Idi-Araba area of the state reportedly invaded some areas of Mushin to attack some persons whom they accused of being the cause of his arrest. The areas affected were Alafia, Daniel and Morgan.

A resident, who simply gave his name as Mitchy, explained that “the fight has been going on since midnight (Saturday)and the perpetrators came from Idi-Araba. This has been happening for almost six months. But last night and today’s(Sunday) were the most violent.

“Surprisingly, the armed thugs were teenagers between 16 and 19 years. They looted people’s shops and carted away goods. They were armed with machetes, guns and bottles.

“Holy Trinity Anglican Church at Alafia junction and Christ Gospel Apostolic Church on Da-Silva street could not conduct Sunday service.”

It was gathered teams of policemen from the Tactical Unit of the Lagos State Police Command were ordered by the Commissioner of Police, CP Odumosu to contain the situation.

When contacted, the command spokesman, CSP Ade Ajisebutu, said 15 suspects had been arrested in connection with the clash. He said axes, cutlasses and expended cartridges were recovered in the process.

According to Ajisebutu, “Normalcy has returned to the area. CP Odumosu has assured residents to go about their lawful businesses. At the end of an investigation, the suspects will be charged to court.”

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Ondo Govt seals off Shoprite, popular market

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The Ondo State Government has sealed off Shoprite and the neighborhood market in Akure, the Ondo State capital.

The popular facilities were sealed on Monday by the Ondo State Waste Management Authority, ODSWMA, over what was described as unsanitary and unhygienic practices.

A few days ago, the agency had taken similar action against five notable buildings in the state for flouting the environmental laws of the state.

Shoprite, which is located on Igbatoro road in Akure and the Neighborhood market at NEPA axis of the State capital, were accused of ignoring a series of warnings from the agency.

The General Manager of the Authority Mrs Ayo Adeyemo, who disclosed this, said the owners of the affected facilities violated environmental laws and failed to comply with the laid down hygienic practices.

Adeyemo, who maintained that further sanctions would be taken, warned that anyone found culpable will not be spared

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