Connect with us

General

Dangote, Ovia, Elumelu, Others Make Nigeria’s Top 10 Philanthropists

Published

on

By Dipo Olowookere

Nigeria’s foremost monthly publication, The Top10 Magazine, has released the list of Nigeria’s top 10 philanthropists under the title Top 10 Philanthropists Behind Nigeria’s Largest Private Foundations”.

In the latest edition of the magazine, which looks at the stakes and contributions of Nigeria’s largest private foundations, top 10 philanthropists leading the pack of individuals that have committed substantial part of their wealth to philanthropy and humanitarian services were listed.

On the list are Aliko Dangote, founder of Aliko Dangote Foundation; Rochas Okorocha, founder of Rochas Foundation; Tony Elumelu, founder of Tony Elumelu Foundation; Jim Ovia, founder of Jim Ovia Foundation and Theophilus Y. Danjuma, founder of TY Danjuma Foundation.

Others are; Emeka Offor, founder of Sir Emeka Offor Foundation; Oba Otudeko, founder of Oba Otudeko Foundation; Folorunso Alakija, founder of Rose of Sharon Foundation; Muhammadu Indimi, founder of Mohammadu Indimi Foundation and Subomi Michael Balogun, founder of Otunba Tunwase Foundation.

Publisher of The Top10 Magazine, Mr Tony Iji, said in a release that, “In line with our tradition of celebrating 10 leading lights in every sector of the society, this edition of the magazine focuses on the top 10 Nigerian philanthropists who have distinguished themselves with proven track record of commitment to philanthropy and service to humanity by committing substantial part of their wealth to the development of the society”.

He explained that the initiative behind this edition was in response to the continuous strategic important role of philanthropy to societal development in view of the inability of government to provide all societal needs.

In Nigeria, government is well behind in meeting the millennium development goals but philanthropy is on the way to the rescue.

Philanthropic agents have become a major balancing force as competing interests and many political hurdles have kept government intervention in human welfare continually sub-optimal.

He said the major criteria for selection of the top 10 were; size of their foundations, track record of activities, volume of interventions, strategic importance of areas of focus and evidence of impact created in the society by their foundations.

“In Nigeria, a good number of philanthropists through their foundations are involved in poverty reduction and employment creation, educational funding, creation and management of public works, social services/community infrastructures and combating environment deterioration.

“There are also a good number of activities of the foundations in defense of public interests, children’s and civil rights, elimination of discrimination and promotion of equal opportunities etc”.

He said that credit must be given to hundreds of philanthropic men and women making these great interventions in society in many fronts through the various foundations they have created.

He said that celebrating the few that have distinguished themselves among hundreds of other philanthropists behind all these interventionist activities in the society is our little way of encouraging other Nigerians to invest in the business of helping humanity for the good of the society.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General

Lagos Consumes 30% of Total Power Off-Take in Nigeria—TCN

Published

on

TCN EKEDC Total Power Off-Take in Nigeria

By Aduragbemi Omiyale

The General Manager in charge of Transmission for Lagos Region of the Transmission Company of Nigeria (TCN), Mr Adeshina Adeonipekun, has stressed the critical role of Lagos in the national grid.

While receiving the chief executive of Eko Electricity Distribution Company (EKEDC), Ms Wola Joseph Condotti, at his office on Monday, he said the Lagos region accounts for about 30 per cent of total power off-take in Nigeria.

He stated that TCN was implementing strategic expansion and project upgrades aimed at enhancing grid stability and operational efficiency in response to rising demand.

Mr Adeonipekun highlighted recent key milestones achieved in the region, including the commissioning of a 100MVA power transformer at the Ijora 132/33kV Transmission Substation, a 300MVA transformer at the Lekki 330/132kV Transmission Substation, and a 125MVA unit at the Agbara 132/33kV Substation, among others.

According to him, these additions have further increased the region’s installed capacity to 5,470MVA on the 132/33kV network and 4,110MVA on the 330/132kV network.

He further said that there were several ongoing rehabilitations at key substations within the region, including Amuwo GIS, Akoka 132/33kV, and Itire 132/33kV Transmission Substations, all geared towards further improving reliability, reducing system constraints, and enhancing the overall efficiency of power delivery.

In her remarks, Ms Condotti expressed appreciation for TCN’s continued partnership and support, underscoring the importance of sustained collaboration between transmission and distribution companies in building a more stable and efficient electricity transmission and supply network.

Both parties explored ways to strengthen collaboration and ensure a more stable and efficient power supply in Lagos, the nation’s commercial hub.

Continue Reading

General

Anambra to Regain Economic Strength After End to Sit-at-Home—Soludo

Published

on

soludo second term

By Adedapo Adesanya

The Governor of Anambra, Mr Chukwuma Soludo, says the years-long sit-at-home is now a thing of the past in the state as it will bring back lost economic viability to the South East state.

The governor spoke on Tuesday during his inauguration for a second term as the leader of the state, noting that security has improved in Anambra.

“The debilitating one-sit-at-home is over, and our schools, markets, businesses, and public servants are back to work. Reports say that ours is now the safest, or at least one of the safest states in Nigeria,” Mr Soludo said.

The second inauguration of the former governor of the Central Bank of Nigeria (CBN) witnessed eminent Nigerians, including ex-presidents Mr Goodluck Jonathan and Mr Olusegun Obasanjo, as well as the Vice President, Mr Kashim Shettima, among others.

“I’m sure many of you flew into Anambra yesterday, being Monday. Previously, it was not possible,” he said at the Alex Ekwueme Square in Awka, the state capital.

Primarily associated with the Indigenous People of Biafra (IPOB), a separatist group advocating for an independent Biafran state, the sit-at-home saw millions of South-East residents remain indoors, shut their businesses, and stay off the roads on Mondays. Initially, it was declared as a weekly protest (especially on Mondays) to demand the release of IPOB leader, Mr Nnamdi Kanu, in 2021 by the Federal Government and draw attention to the separatist cause.

The cause had significant socio-economic consequences in the South-East states like Abia, Anambra, Ebonyi, Enugu, and Imo.

However, Mr Soludo referenced several milestones, including the destruction of criminal camps and the “mass return” of Anambra indigenes during the Yuletide, as evidence of improving security in the state.

“Some 62 criminal camps have been dismantled, and 8 local governments previously under total siege have been liberated,” the governor said.

“Anambra had its best Christmas season in decades last December with a mass return and over 10,000 visitors per day to the Solution City every day until the 10th of January.”

Part of the measures to address insecurity in Anambra was the Homeland Security Law 2025, a measure the governor said contributed to the reduction in criminality.

The Independent National Electoral Commission (INEC) declared Mr Soludo as the winner of the November 8, 2025, governorship election in Anambra State. The APGA candidate polled a total of 422,664 votes, defeating his closest rival, the candidate of the All Progressives Congress, Mr Nicholas Ukachukwu, who scored 99,445 votes, while the candidate of the Young Progressives Party, Mr Paul Chukwuma, came third with 37,753 votes.

Continue Reading

General

Don’t Pay Any Agent, Official for SCUML Registration—EFCC

Published

on

Pay for SCUML Registration

By Aduragbemi Omiyale

The Economic and Financial Crimes Commission (EFCC) has cautioned members of the public against making any payment for Special Control Unit Against Money Laundering (SCUML) certificate registration, stressing that it is free.

During a live radio programme on Enugu State Broadcasting Service, the Head of SCUML Department in Enugu Zonal Directorate of the EFCC, Mr Promise Oluigbo, said obtaining the certificate is now seamless.

According to him, with the introduction of electronic certification, which has improved efficiency and eliminated the risk of fake certificates, over 480,000 entities have been registered nationwide.

He warned members of the public against engaging agents who charge fees for SCUML registration, stressing that the commission does not authorise third-party registrations.

“The EFCC frowns at any individual or group collecting money from businesses under the guise of facilitating SCUML registration. The process is seamless and free of charge,” Mr Oluigbo declared.

He charged operators of Designated Non-Financial Businesses and Professions (DNFBPs) in the South-East to comply with mandatory SCUML registration to combat money laundering, terrorism financing, proliferation of weapons of mass destruction, safeguard businesses and strengthen the integrity of Nigeria’s financial system.

“DNFBPs are categories of businesses identified under Section 30 of the Money Laundering Act and include sectors such as automobile dealerships, real estate businesses, construction firms, hospitality services, supermarkets, legal practitioners, consultants, and non-profit organisations.

“As a regulatory body responsible for overseeing the activities of these businesses to curb money laundering and financing of terrorism, it’s important I say it here that the registration process is completely free.

“Business owners do not need to engage any third party. All they need to do is visit the SCUML portal and complete the registration process,” he said.

While emphasizing on the need for businesses to register and collect the certificate, he urged them to ensue adherence to statutory requirements such as Know Your Customer (KYC) procedures, customer due diligence, record keeping and reporting of suspicious transactions, adding that failure to comply constitutes a violation of the law and may attract fines, imprisonment or other regulatory sanctions as stipulated under the Act.

“The objective of the SCUML framework is not to stifle businesses but to protect the financial system and ensure transparency in commercial activities. It is designed to safeguard businesses and strengthen the integrity of Nigeria’s financial system,” he said.

Continue Reading

Trending