General
Dangote’s Net Worth Grows to $14.8bn
By Dipo Olowookere
It has been revealed that the net worth of Africa’s richest man, Mr Aliko Dangote, grew to $14.8 billion in 2019 after raking the sum of $4.3 billion from his various investments during the year.
Business Post gathered that the industrialist increased on the back of investments in cement, flour and sugar, with more expected to come from his foray into the oil and gas industry.
The billionaire businessman is close to completing one of the world’s largest oil refineries in Lagos, Nigeria. The plant has the capacity to meet more than the country’s entire fuel consumption and could transform an economy that currently imports all its refined product needs. Mr Dangote is also constructing a fertilizer factory on the same site.
According to the Bloomberg Billionaires Index, the 62-year-old Nigerian businessman and Africa’s most prominent industrialist ended the decade as the 96th wealthiest man in the world.
Mr Jeff Bezos remains the richest in the world with $115 billion in his kitty while Mr Bill Gates and Mr Bernard Arnault followed as 2nd and 3rd respectively with $113.7 billion and $105 billion. Mr Warren Buffett was the fourth with $89.3 billion on the world billionaires’ chart.
Mr Dangote’s estimated worth in the latest Bloomberg ranking far outstrips an earlier ranking by the Forbes Magazine, another elite publication which placed his fortune at $10.8 billion in the 2019 Forbes Africa’s Billionaires’ list released in January, although he retained the rank as the richest African for the 8th consecutive year in the latter ranking.
Bloomberg is a global information and technology company, that connect decision makers to a dynamic network of data, people and ideas – “accurately delivering business and financial information, news and insights to customers around the world” Bloomberg L.P. provides financial software tools such as an analytics and equity trading platform, data services, and news to financial companies and organizations through the Bloomberg Terminal.’
Born into a wealthy Muslim family of traders in the north, Mr Dangote incorporated his own business selling cement at 21. He shifted to manufacturing the building material in the 1990s, helped by government policies that encouraged ways to reduce the need for imports.
His critics still accuse him of taking advantage of his closeness to the government to gain an unfair market advantage, a claim he has repeatedly dismissed.
His conglomerate, Dangote Industries, includes the biggest cement company on the continent, the Lagos-listed Dangote Cement Plc. That’s one of four publicly traded companies under the Dangote umbrella that account for more than a fifth of the value of the Nigerian stock exchange.
By Modupe Gbadeyanka
The acting Inspector-General of Police (IGP), Mr Tunji Disu, has been charged to do everything within his powers to restore peace and strengthen security across the nation.
This task was given to the new police chief by President Bola Tinubu after being decorated at the State House in Abuja on Wednesday.
Mr Disu was chosen to succeed Mr Kayode Egbetokun on Tuesday. His appointment is expected to be approved by the Nigeria Police Council and confirmed by the Senate next week.
President Tinubu described Mr Disu’s appointment as coming at a critical moment, urging him to rebuild public confidence in the police’s capacity to do their job in collaboration with other security forces.
“I made this decision for you to assume this responsibility. I know your record. I saw the dedication you exhibited while you were in Lagos when I was governor,” the President said.
“Lead firmly but fairly, demand professionalism at every level and ensure that the safety of lives and property remains our highest priority. It’s a daunting challenge. I know you can do it. You have my word, you have my full support,” he added.
Mr Tinubu urged him to advance the security pillars of his administration’s Renewed Hope Agenda. He expressed confidence in the Acting IGP’s discipline, operational experience and leadership capacity.
“Nigeria is challenged with banditry, terrorism and other criminal activities. You will be part of the thinking and innovation to overcome them,” the President said, reaffirming his belief that Nigeria would prevail under a committed leadership.
The President also paid tribute to Mr Egbetokun, who was present with his spouse, saying, “We are a grateful nation. Nigeria appreciates your contribution to maintaining law and order.”
He urged Egbetokun to be ready to offer useful advice to his successor and wished him and his family peace, good health and success in future endeavours, noting,
“You have not succeeded without a good successor. His success will also be part of your legacy.”
Mr Tinubu urged all security stakeholders to work collectively to safeguard lives and property during this critical period.
By Modupe Gbadeyanka
The chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, has lamented how “people now defraud the government and individuals and invest in real estate.”
He raised this concern when he received the executives of the Association of Real Estate and Property Managers (AREAPM) in Edo State on Wednesday.
The EFCC chief, represented by the acting Zonal Director and Deputy Commander of the Commission, Mr Sa’ad Hanafi Sa’ad, warned real estate managers against money laundering.
“We have noted with grave concern that fraudsters are laundering money and hiding proceeds of crime through real estate and property. People now defraud the government and individuals and invest in real estate,” he stated.
He noted that the agency would continue to discharge its statutory mandate of bringing those who seek to circumvent the system to book.
“As a commission, we recognise the role of Real Estate and Property Managers. Property Managers are designated non-financial businesses and professions.
“So, we expect them to be professionals and uphold the relevant rules and regulations in the discharge of their duties,” he stated, adding that, “The commission will apply the laws when there is a breach of relevant rules and regulations.”
He assured the AREAPM executives of the organisation’s willingness to collaborate with them in dealing with fraud and criminality in the sector.
“We have a unit, the Land and Property Fraud Section, which attends to issues in that regard. So, when you have challenges, you can report to us,” he stated.
In his remarks, the chairman of AREAPM in Edo State, Mr Akpesiri Michael Egbonoje, stated that the essence of the visit was to seek areas of collaboration with the commission and work out ways of combating real estate financial crimes and fraud in the state.
“Part of our strategy is to familiarise ourselves with law enforcement agencies in the state and seek for collaborative relationships. As a body, we cannot do it alone; we need help in the areas of financial crimes.
“We have tried to sanitise the space, but we realised that your agency is at the apex when it comes to dealing with financial crimes.
“We believe that structured collaboration between AREARM and the EFCC will promote financial transparency, investor confidence, and accountability within the real estate sector.”
By Adedapo Adesanya
The Coroner’s Court sitting at the Yaba Magistrate Court has announced April 14, 2026, for the commencement of an inquiry into the death of 21-month-old Nkanu Nnamdi Esege, son of renowned Nigerian author Chimamanda Ngozi Adichie and Dr Ivara Esege.
Magistrate Atinuke Adetunji fixed the date on Wednesday when the matter came up before the court.
The twin child, Nkanu, died on January 7, 2026, after receiving care at Atlantis Hospital and undergoing medical procedures at Euracare Multi-Specialist Hospital in Lagos.
The child was initially admitted to Atlantis Hospital in Lagos for what was described as a worsening but initially mild illness.
The family had sought initial care as arrangements were being made to transfer him to Johns Hopkins Hospital in the United States. Atlantis referred him to Euracare for pre-flight diagnostic procedures, including an MRI, lumbar puncture, and insertion of a central line.
However, the child passed away following the procedures.
His parents have alleged medical negligence and professional misconduct in connection with his death.
According to a leaked internal message sent privately to family members and close friends at the time, Ms Adichie blamed the staff of Euracare Multi-Specialist Hospital, located in Victoria Island, Lagos, for causing the demise of the lad.
“My son would be alive today if not for an incident at Euracare Hospital on January 6th,” she wrote in a broadcast message confirmed later on.
“We have now heard about two previous cases of this same anesthesiologist overdosing children. Why did Euracare allow him to keep working? This must never happen to another child,” she also wrote in the lengthy message.
The 48-year-old writer had her first child, a daughter, in 2016. In 2024, her twin boys were born using a surrogate.
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