FEATURES
On January 11, 2024, Brigadier General Mohammed Aminu, the Commander of the 35 Artillery Brigade, turned over 365 packages of Cannabis Sativa, each about the size of a pawpaw and collectively weighing approximately 176kg, to the National Drugs Law Enforcement Agency, Ogun State Command.
This was made known by the command on its X page on Saturday.
The suspect was apprehended during a routine patrol on January 6, 2024, at Olodo Imeko along the Imeko-Abeokuta Road in Ogun State.
Representing the Commander, the Garrison Commander, Colonel Legborsi Nule, affirmed the Brigade’s ongoing collaboration with security agencies to combat crime, emphasising their commitment to maintaining high standards and professionalism among troops.
Commandant of NDLEA Ogun State Command, Jane Odili, praised the Brigade’s efforts and called for increased collaboration with the military and other security agencies in the state.
Since a documentary by the British Broadcasting Corporation’s ‘Africa Eye’ about the late preacher, Prophet TB Joshua, of the Synagogue Church of All Nations, was released earlier in the week, the media has been agog with people holding different views about the controversies that surrounded the late cleric.
The three-part documentary alleged that the late cleric was guilty of raping and torturing some of his church members. It also claimed that the prophet staged some of his miracles.
As the controversy continues to rage, Saturday Beats recalls that some entertainers had been to the church for one reason or the other over the years.
In 2013, a popular actor, Jim Iyke visited the SCOAN. In a video that went viral at the time, Iyke was purportedly being ‘delivered’ from an evil spirit. The spirit, allegedly speaking through him, claimed to have been tormenting the actor’s life, and threatened to destroy Joshua.
However, in a subsequent interview, Iyke stated that he had been advised to take his ailing mum to the church for healing, adding that he was desperate. He said, “I will never be desperate again. Desperation took me there, believing the man of God would heal her (his mother).”
Another actor, Hanks Anuku, stated that he was taken to the church, where he was allegedly healed of a mental illness. Speaking in an interview, he said, “Yes, I got my healing through TB Joshua. It is our Lord’s doing. I was having issues with mentality (sic) for over seven years. You will notice I have not been that frequent in movies for long. I spent so much money visiting hospitals, orthodox and unorthodox doctors without positive results, until I was introduced to T.B Joshua. I was only watching his TV programme in Ghana and was healed.”
However, at different times in 2023, pictures and videos of Anuku appearing unkempt surfaced on social media, with some of his colleagues and fans expressing concern that he was mentally unstable.
A rapper and former Most Beautiful Girl in Nigeria, Munachi Abii, also visited the church at some point and allegedly met with Joshua, though her reason for going there was not disclosed.
Some years ago, a singer, Victor AD, had also claimed that Joshua healed him of skin disease when he was just six years old. Reiterating the impact Joshua had on his family, AD took to social media during the week to state that the late prophet cured his sister of blindness, and healed his mum of a gunshot injury on her hand. He added that the prophet was kind to his family.
A former Big Brother Naija contestant, Kesiena Adjekpovu, simply known as Kess, also pledged his unwavering support for the late Joshua in the wake of the documentary’s release. He wrote on X, “T.B. Joshua is still my pastor. BBC should try again.”
Yet, another former BBN housemate, Chukwuemeka Okoye, aka Frodd, stated that the late Joshua gave him a scholarship when he was in the university, and also gave him an allowance of N8000 every day in 2010.
A veteran actress, Fausat Balogun, aka Madam Saje, also pledged her support for the late prophet. Reposting a video of one of the late cleric’s sermons, she opined that his impact and the fight he led for the betterment of lives could not be overshadowed by any claims or institutions, including the BBC.
Nigerian music star Asake has dropped a groovy new song titled ‘Only Me,’ which signifies his journey to self-acceptance and contentment, without the need for comparison to others. This special release holds a significant meaning for the artist.
Asake shared a heartfelt message on social media, saying, ‘I honour the journey I’ve been on and the journey yet to come. Happy birthday to a resilient soul.’
A few weeks ago, Asake received his first-ever Grammy nomination for his song ‘Lonely At The Top.’ The track is currently nominated in the Best African Music Performance category at the upcoming Grammy Awards, scheduled for next month.
Asake has had a busy year, recently releasing the remix of ‘Lonely At The Top’ featuring H.E.R. The original track became the longest No. 1 hit in Nigeria. Furthermore, his album ‘Untitled’ peaked at No. 4 on Billboard’s World Albums Chart.
Asake’s immense success has allowed him to amass a huge fanbase. In 2023, he sold out two major shows at London’s O2 Arena and New York City’s Barclays Center. Marking his first arena show in North America, Asake became the first African artist to headline and sell out this venue.
Niger DeltaBarely 24 hours after the Nigerian Navy, led by the Chief of Naval Staff, Vice-Admiral Emmanuel Ogalla, launched a new outfit, “Operation Delta Sanity” with pomp in Warri, Delta State, to halt oil theft, Tantita Security Services Nigeria Ltd (TSSNL), in collaboration with the Nigerian Security and Civil Defence Corps (NSCDC), has arrested another vessel allegedly engaged in stealing crude oil in Niger Delta.
The vessel, MT Kali with number 8782800, was intercepted on Thursday while allegedly transporting a voluminous tonnes of illegal crude oil from offshore Sokebolou Field base in Bayelsa State.
TSSNL, a pipeline surveillance security firm, is owned by a former militant commander in the oil-rich Niger Delta, Chief Government Ekpemupolo, alias Tompolo.
Among those arrested and kept in custody aboard the vessel as of Friday night are Promise Eze and David Adeboye who were identified as the engineer and captain of the vessel.
Adeboye was quoted as saying their accomplices included some folks in some oil communities in Bayelsa State.
Feelers had it that the crew and their local accomplices were engaged in the act of siphoning crude oil into the vessel from offshore Sokebolou Field in Bayelsa State when the combined operatives of TSSNL and NSCDC swooped on them.
It was gathered that the first manifold of the vessel was being loaded with the crude oil before the interception of the security operatives.
TSSNL is said to have intimated the incident to the National Security Officer (NSA), Mallam Nuhu Ribadu and the board and management of the Nigerian National Petroleum Company Ltd (NNPCL).
The two principal suspects, Eze and Adeboye were grilled by the Executive Director, Operations, TSSNL, Captain Warriedi Enisuoh.
He said the vessel was mobilised from Lagos to load crude oil illegally from offshore locations in Bayelsa State.
Ekiti State-born Adeboye, according to Enisuoh, said the vessel departed Lagos following assurances by their boss, whom they identified as one Adeniyi, that all security agencies (which he didn’t name) along the shore had been “settled” for a free passage.
He, however, identified the thieving company’s name as San-San
Meanwhile, the thieving vessel, MT Kali, is said to have been anchored at an NNPCL location in Oporoza, the headquarters of Gbaramatu Kingdom in Delta State, while further investigation are said to be ongoing.
Nollywood actress Ronke Ojo, popularly known as Oshodi-Oke, has rubbished the recent allegations against the late founder of the Synagogue Church of All Nations (SCOAN), Prophet TB Joshua.
Recall that the British Broadcasting Corporation (BBC) on Monday, January 8, released a documentary of alleged eyewitness accounts of rape, fake miracles, torture, and forced abortions committed by the late prophet.
In a video shared on her Instagram page on Friday, Ronke recounted her encounter with the late clergyman, insisting he was a nice and good man of God.
The movie star said TB Joshua miraculously healed her daughter of Asthma when they visited his church.
Media
The Gombe State Command of the Nigeria Security and Civil Defense Corps (NSCDC) has raised the alarm over proliferation of ladies allegedly infected with HIV/AIDS roaming the streets of Gombe, the capital city, with the sole aim of infecting unsuspecting men.
The Command warned men who patronise cheap ladies and young girls to be cautious and confirm the HIV status of their “side chicks” in order not to fall victims.
Commandant of the NSCDC, Mohammed Bello Muazu, said that the revelation followed the arrest of an 85 years old man (names withheld) who was said to have lured uncountable number of young girls into sexual intercourse and after examination, was confirmed to be HIV positive including his four wives.
While briefing newsmen on the Command’s activities for 2023, the State Commandant warned members of the public against illicit sexual relationships, adding they must ensure they confirm the status of their sex mates before engaging in any sexual relationship.
“HIV is like a time bomb in Gombe because the prevalence rate is alarmingly high. Many unsuspecting carriers are in their window period, as such, we are warning men to watch out and confirm the HIV status of their ‘Side Chicks’.”
Muhammad Muazu also revealed that the Command faced serious challenges with some NGOs who are backing same-sex relationships and marriage, a situation that had been prevalent in the state and involving many youths below 25 years.
Meanwhile, the State Government had ordered the closure of all nightclubs in the state popularly known as ‘Gala Houses’ where these activities were taking place without any hindrance.
He stated however that throughout the hurdles with the pro same-sex NGOs, the Command was on the same page with the Human Rights Commission of Nigeria which resulted in the successes achieved in the operations against immoral activities involving youths in the state.
He also said that the Command had done its best under the purview of its mandate to meet the demands and needs of the public in seeking justice and settling disputes.
Recall that the Gombe State Government had set up a committee over the issue of same-sex relationships and marriage in order to ensure that the state is free of such in line with the relevant laws of the country.
The Convener, Arewa Think Tank, Muhammad Alhaji Yakubu, has said President Bola Tinubu is tackling insecurity successfully because no political godfather placed him in power.
Yakubu noted that Tinubu’s non-tolerance for corruption has shown the world what he is made of, adding that no one can control and distract him.
The Arewa chieftain stated this during an interview with the The Sun.
When asked if Tinubu should probe the ministers of former President Muhammadu Buhari, Yakubu responded in the affirmative.
He insisted that Tinubu’s emergence as the President of Nigeria was as a result of hard work, determination and the will of God, hence he is free to fight corruption and insecurity to a standstill.
He encouraged the president to probe ministers from the former administration who might have skeletons in their cupboards.
According to him, “With what is happening now and the actions Mr President has taken so far, he is telling Nigerians and the whole world the stuff he is made of. And his actions are signs of good things to come.
“Tinubu is ready to take head-on anybody who wants to boast of a godfather somewhere or feels he or she is a sacred cow that cannot be touched. This is because Tinubu’s emergence as the President is divine. Nobody can claim he made Tinubu President.
“He campaigned and promised to tackle most of these issues, particularly the issue of corruption, revival of the economy and boosting of power and insecurity.
“So he has the backing of Nigerians. In fact, the actions he had taken in the last few weeks have overshot his ratings. His ratings have greatly improved among Nigerians. We encourage him to probe anybody found wanting from the past administration of President Buhari.”
A former Military Head of State, Ibrahim Babangida, popularly known as IBB, has said he tried to be friends with the late human rights lawyer and activist, Gani Fawehinmi.
Speaking during an interview on Channels Television on Friday night, Babangida stated that during his tenure as Head of State, he employed all possible means to make the deceased his friend.
The former military president said Fawehinmi was a very good friend with one of his ministers, Alex Akinyele, who tried to make them very good friends but failed.
Babangida added that in the process of formulating many of his policies, he always queried members of his inner circle on the reaction he would receive from Fewehinmi.
Babangida described the late lawyer as a good critic, saying he valued his comments on national issues and loved listening to his views.
He said: “If we come up with a policy, my first question to my staff was: What would Gani Fawehinmi say? I like listening to him. I made it a point to become his friend.
“He was very friendly with one of my former ministers, the late Alex Akinyele. They were very good friends, and he (Alex) tried to make us very good friends.
“Fawehinmi was a good critic, and he didn’t want to be seen with someone that people already perceived as ‘an evil genius’.”
A chieftain of the Peoples Democratic Party (PDP), Ibrahim Abdullahi, has said that it would be difficult to wrestle power from the All Progressives Congress (APC) in the 2027 presidential election.
Recall that the 2023 presidential candidate of the PDP, Atiku Abubakar, had suggested that political parties should merge together to form a strong opposition against the APC.
The former Vice President warned against the likelihood of Nigeria slipping into a one-party state.
He said, “We have all seen how the APC is increasingly turning Nigeria into a dictatorship of one party. If we don’t come together to challenge what the ruling party is trying to create, our democracy will suffer for it, and the consequences of it will affect the generations yet unborn.”
Speaking during an interview with The Punch, Abdullahi, the PDP Deputy Publicity Secretary, said Atiku made the call to protect the future of Nigeria.
Abdullahi insisted that only a coalition of political parties would successfully push out President Bola Tinubu-led APC administration from power.
He said, “We believe only merger or coming together of all opposition political parties will produce a better result. So there is a need for other political parties to understand that it will be difficult to defeat the All Progressives Congress without a merger.
“So the other political parties must see the reason and identify with the PDP’s clamour for coalition. So, if they see this, then the better for Nigeria’s opposition and the people.
“But if other political parties want to go about it individually, they are not as strong as the PDP. It is very difficult for us to attain the objective of taking charge of the government and sacking this army of occupation that has decided to inflict maximum penury and anguish on Nigerians.”
An official of the Nigerian Police Force (NPF), Inspector Bulus Joel was on Tuesday allegedly killed by a suspected hit-and-run driver on the Lagos-Ibadan Expressway.
According to an eyewitness account, the 43-year-old inspector was on official duty at 11:55 p.m. on Tuesday when the car struck him down along the expressway corridor, injuring his head severely.
Another anonymous source stated that the deceased was on a routine patrol along with his other colleagues when they discovered there was traffic congestion in the corridor.
While attempting to relieve traffic congestion, a car allegedly ran off his line and knocked the officer to the ground.
The eyewitness said, “It was as if the driver intentionally knocked down the officer because he didn’t stop even after seeing that he had knocked down a police officer.
“I’m also shocked that none of the other motorists made any attempt to pursue him. He was taken to the Olabisi Onabanjo University Teaching Hospital, Sagamu, for medical attention.”
However, Inspector Joel was confirmed dead by a doctor on duty.
Confirming the unfortunate occurrence to New Telegraph on Thursday, the state Police Public Relations Officer, Odutola Omolola said; “Policemen are human. And they also have family members. Did no one see the driver knock down a police officer who was on duty and who was helping to ease traffic? Social media is quiet. No one is calling the police headquarters.
“All the other motorists who were there didn’t take pictures or videos. None of the motorists whom the policeman was helping made any attempt to stop the driver. Are policemen not humans? Don’t we also have family members? No one could even pursue the hit-and-run driver.”
However, Odutola reported that the cop’s body had been deposited in the teaching hospital morgue.
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An Ikeja Sexual Offences and Domestic Violence Court has been informed as to how a class teacher, Igwe Ngozi, allegedly fingered a 12-year-old student in the classroom. The survivor (name withheld) hinted to the court presided over by Justice Rahman Oshodi while providing evidence during a virtual hearing, that the incident took place when she was seven years old and that the Defendant was the primary three teacher of Linsy Nursery and Primary School, Igbo-Efon, Alpha Beach Road, Lekki, Lagos. Led in evidence by the counsel for the Lagos State Government (LASG), Bukola Okeowo, the alleged survivor insisted that Ngozi had, on several occasions, invited her to his table and sexually assaulted her by inserting his fingers in her vagina.
In her words: “The Defendant’s desk is at the back of the class, while the pupils’ seats face the board. “He always calls me to his table, puts his hands under my dress and puts his fingers in my vagina. “I cannot remember the exact number of times, but I know he did that to me, numerous times. “When I told my mother, she took me to the police station, Child Protection Unit and Mirabel Medical Centre where a medical examination was conducted on me.
“The doctor did not tell me anything about the result of the report, but he told my mother.” While being cross-examined by the lawyer for the Defence, Mr Onome Akpeneye, the alleged survivor declared that she did not scream while the Defendant allegedly assaulted her. The alleged survivor further confirmed that there was no demarcation in her classroom, as pupils sat in the front while the Defendant sat at the back. In stating that there was no CCTV camera in the school, the alleged survivor maintained that Ngozi put his fingers in her vagina while the class was in session, but she did not scream. Earlier, the Defence lawyer had urged Justice Oshodi to allow the alleged survivor to appear in court for her to be cross-examined.
In his submission, Akpeneye hinged his reasons for his request on the grounds of the alleged survivor’s demeanour and gesticulation in her evidence-in-chief. The lawyer had said: “My lord, looking at the demeanour of the witness, I cannot cross-examine her virtually. “I humbly urge the court that the witcourt to bear in mind that I am doing this case at no cost.” Akpeneye also added that the offence in which the Defendant was charged, was a capital offence and would not want to take chances.
But in her response, the prosecutor prayed to Justice Oshodi to allow the defence counsel to cross-examine the alleged survivor via virtual hearing. In her submission, Okeowo revealed that the alleged survivor was traumatised to come to court and that her presence in court could not be guaranteed. Okeowo posited: “My lord, we cannot guarantee her presence because she was traumatised. “While I was conducting the pre-trial, she was crying uncontrollably. “Also in the last adjourned date, we had informed the court that the second prosecution witness would be examined virtually, in which the Defence counsel did not object.”
In a short ruling, Justice Oshodi over-ruled the submission of the Defence, just as he declared that the Child Rights Act allowed children to provide evidence behind closed doors. Ngozi is standing trial on a count charge of sexual assault by penetration, contrary to Section 261 of the Criminal Laws of Lagos State, 2015. The defendant had pleaded not guilty following his arraignment, and trial had commenced on the criminal case.
Operatives of the Niger State Police Command have arrested a suspected car thief, Nathaniel Andrew, in Minna and recovered a stolen Toyota Corolla vehicle.
Spokesperson of the command, DSP Wasiu Abiodun, who disclosed this in a statement on Friday, January 12, 2024, said the suspect was arrested along the Minna-Suleja road while driving the stolen vehicle to Gbaiko to see his parents.
“On 03/01/2024 at about 1700hrs, the Police patrol team attached to Paiko Division arrested one Nathaniel Andrew aged 32yrs of Gbaiko area of Minna, with a Toyota Corolla LE vehicle, red in colour without a registration number suspected to have been stolen,” the statement read.
"The suspect was arrested along Minna-Suleja road, when he was sighted on the highway by the patrol team, driving a vehicle without registration number.
"The vehicle developed a mechanical fault on the way and he attempted to sell the spare tyre in order to repair the vehicle, as he claimed that he had no money in his possession.
"These actions were suspicious and he was arrested. During interrogation, he confessed that he stole the vehicle from the Central Area, Abuja and that he was driving the vehicle to Gbaiko to visit his parents.
"He claimed that he met the vehicle key on the door of the car, and he used the key to drive the vehicle away to Minna. He said he was planning to sell the vehicle soon in Kaduna before his arrest.
“The suspect has been transferred to the Crack Squad unit for further investigation and prosecution.”
…Says Nigerians Frustrated With How Politicians Run Nation
Professor Pat Utomi, a political economist, and management expert alongside like-minded individuals, is actively involved in merger of opposition parties leading up to the 2027 general elections. In an interview monitored by OLADIPUPO AWOJOBI, Utomi shares insights on the essential steps required to rejuvenate Nigeria and bring it in line with developed economies. Excerpts:
A couple of years ago, you theorised about the political space of Nigeria and you brought a lot of people to- gether, and recently you joined others to work with the Labour Party and you didn’t win, you are planning another coalition again, what is the assurance that this will work. Also, what can you say about the government of your friend, President Bola Ahmed Tinubu?
I have not spoken with President Bola Tinubu in five years. What I can say is that what is happening in Nigeria is inevitable, the country was not constructed to suit the Nigerian people, it was constructed to suit the politicians. You have all these corruption everywhere. But I want to say that the Labour Party didn’t lose the election. All what happened is a farce. There is a legitimacy problem in Nigeria. I go around the world and I talk in very important places around, and I know what other people think about Nigeria, this is not a disputable matter at all. I have said it regularly what the EU, FDI and others said about the last general elections. But I don’t want us to go back to the election.
I am just trying to say that the Nigerian people have become so frustrated about the way Nigerian politicians carry on such that when Peter Obi came out, he resonated and around the world, and Nigerians in the Diaspora wanted him. If you look at the resurgence of many of the success stories in the world, they had the Diaspora base; from Japanese to Indian and Chinese Diaspora. So, the Nigerian Diaspora rallied very strongly around Peter Obi and a campaign that Nigerians had not seen in a long time happened. The point remains that how do we go forward from here. The fact is that the majority of Nigerians are young. A significant part of our population is under 25 and they are fed up, they are looking for something new and the generation is trapped in their values. Why is Nigeria not growing, why are the multinationals leaving? Nigerian politicians are cheating every term, they cheat during elections, and they cheat in offices.
United States public office holders are found in economy class, but a Nigerian minister would charter a plane to go somewhere next door. In a very poor country, you see a disconnect between the political actors and the people of Nigeria. When that is what happens what do you expect to hap- pen on moving forward with this population that is the majority? You need to know that they would not be able to hold down the majority anymore and it might be very costly for them. My friend from the United States of America, who would soon come to Lagos, imagined a scenario where there would be increased violence in Nigeria as an expression of frustration and you have seen it happening already. You have Boko Haram in the North, kidnapping in the South East, Niger Delta militancy and others.
A lot of your critics said you are just theoretising that you once supported the emergence of former president Muhammadu Buhari and you were even a member of the All Progressives Congress (APC) and that you are part of them. They said theory does not solve the problem…
Aren’t you see it happening? Ehat is the point of theory, it leads to action.
They said you are part of the ruling class and that you played a role in the founding of the APC…
How am I a part of them? I played a role in the founding of the APC with the expectation that we could make a difference, but we absorbed a lot of people from the Peoples Democratic Party (PDP) and created a worse PDP and I walked away from the beginning. I was never involved in anything in the APC in any shade, form or anything.
You took part in the governorship primary in Delta State and they showed you politics…
That story going round is not true at all. The correct story was that they called a meeting and Gen. Lawrence Onoja (rtd) was the chairman, but it was a pre-determined scam and I literally walked away. I was going to move to the venue, but they advised me not to go. There was no plan to have an election there, there was no democracy. Nigerian politicians don’t believe in democracy and I needed to prove it, once I proved it, I just walked away and I wrote a book about it. You cannot just sit in one place and be complaining.
Having seen what happened, I am superior to somebody who sits in one corner and complaining. Do something before you die like the late Jerry Rawlings said. But as I wanted to do something I found out that we have people who are inappropriate about where the country is going.
In the event that the merger works, who would lead the party. You know the PDP feels that everybody should rally round Alhaji Atiku Abubakar, who would be 81 years old by November 2027, or will they pick a younger person like Mr Peter Obi?
It is too early to be talking about who, let’s talk about how, what do we need to do to make Nigeria one. When the time comes, we will tell you who will lead. I can tell you that in the last few days, I have had significant conversations with Alhaji Atiku Abubakar, Eng. Rabiu Kwankwaso, Mr Peter Obi and we are very clear on this matter. Let’s build a party that we desire and when we do, the people with the social movement subscribing to so- cial value and how they want the country to be would determine who would lead. This is what our country should be and not one individual claiming to be the best.
When the time is right, let us have those values, strategies that can take us away from these elites that take away the little that we get from oil into a sprawling growing economy the way India is happening and we can make progress. There are so many people who complain and they do nothing. Let’s get people who are thinking, sit down and think of how Nigeria can make progress. Is it not a shame, are we not ashamed to see the way Nigeria is, the poverty in the land, the anger in the land with all endowments that we have? Imagine that a huge percentage of foreign doctors in the USA are from Nigeria, why is this happening to our country?
You were a young man, when you had close contact with the government and some of the things we talk about were there and they are still there and nothing has changed. Why is it that we keep going back in this cycle of thinking, over 40 years the same thing are still there, how will the new party not go the same way?
There is enough evidence to prove this, the Nigerian political class has become anti-intellectual, we need to examine what the problems are and try and do something. In the 1950s, there were massive growth and development, essentially we had competitive communalism in the struggle among the regions, when they competed among themselves and this led to massive development. The jump in the phenome- nal growth in Nigeria is what you study and study again. But what happened between 1957 and early 1965 was the growth of manufacturing in Nigeria, after that what happened? A number of things, we had a convergence of soldiers and oil and this led to what my friend called bureaucratic prebendalism.
You see a big man at the top handing out stipends, the turning upside down of the Nigerian constitution prevented a federal structure and prevented us from bringing development and progress the way it happened between 1957 and 1965. Someone said it has got to a point that the civil servants own most of the big houses in Abuja. If we can sit down and talk to one another and recognise where things went wrong, if we can have a constitution that goes back to where we were in terms of sensitivities and sensibility of the ground norm, then it will be better. It’s not true that when things go wrong they cannot get better.
Look at the Malaysian story, when we had the civil war in Nigeria, Malaysians too were killing each other in 1969, but look at what happened when someone criticised the prime minister and he was expelled from the party, and he wrote a book. What he wrote in the book led to the resignation of the prime minister and he went back into the party and became the prime minister and pulled the Malaysian elites together. He then said to them; “look, I want everybody to sit down in this room and see where we are going because it is better for everybody to be inside the house pissing outside than be outside and pissing inside.”
That was how they were able to turn around the economy of Malaysia. It is possible to do it if we have people who are determined. There are Nigerians who are making sacrifice continually and we can find those Nigerians to make sacrifice to make this country work.
Billionaire investor Femi Otedola back on Forbes Billionaire list, ranked as 4th richest man in Nigeria
AdminBillionaire investor Femi Otedola is currently ranked as the fourth richest individual in Nigeria with a valuation of $1.1 billion.
According to the Forbes Billionaire Index seen on Thursday, Jan. 11, Otedola, who fell below the billion-dollar mark in 2017, returned to the list this year to occupy the fourth position,
The surge in his wealth is attributed to his ownership of over 70% of Geregu Power, a power generation business. Otedola strategically sold down his Geregu stake from over 95% during 2022 and 2023, bringing in institutional investors such as the Afrexim Fund for Export Development in Africa, the State Grid Corporation of China, as well as some pension funds and other institutional investors.
Apart from his energy ventures, Otedola holds significant real estate assets in Lagos, Dubai, London, and Monaco. He also owns shares in Zenith Bank and FBN Holdings.
He follows Aliko Dangote, the CEO of Dangote, whose current net worth is $14.6 billion, as well as the telecom giant Mike Adenuga with $7.4 billion, and BUA Group founder Abdulsamad Rabiu with a net worth of $6.3 billion.
In Africa, Otedola is ranked the 17th richest individual and he is ranked 2,353 globally.
The Forbes ranking comes after Otedola gave back to his community by donating N1 billion to the Lagos State Security Trust Fund.