Business
PBUA RESPONDS TO DANGOTE
Published
2 years agoon

BUA RESPONDS TO DANGOTE
It’s with a profound sense of responsibility and a heavy heart that we address the claims and very cheap attempts at blackmail levelled against BUA by Aliko Dangote in a recent 7-page editorial following months of sponsored campaigns of calumny against us using third-party platforms. To put things in perspective, it’s imperative to revisit history—a history not of rivalry but of resilience; not of enmity, but of endurance.
In August 1991, a young BUA was doing its commodities trading business just as Nigeria faced a scarcity of sugar. As sugar was scarce, BUA was lucky to be one of the few with any stock for sale, and we stood prepared to supply the nation’s needs as best as our stock could. It was during this period Aliko Dangote approached us to purchase sugar. If only we knew he was setting the first of many traps in our business history. He gave us a Societe Generale Bank of Nigeria Cheque, which bounced upon presentation to the bank. Unbeknown to us, this was a ruse that would lead to a court-sanctioned freeze of our assets orchestrated by Dangote.
For three agonising months, our accounts were garnisheed, warehouses shuttered, and our spirit tested. Yet, from the ashes of deceit, BUA survived. (see attached court order)
Fast forward a few years later, we decided that since we were making good progress in our various businesses, we should open a sugar refinery. We approached one Usman Dantata (now late), Aliko Dangote’s uncle, and leased his NPA waterfront land (4.5 hectares) at the Tincan Island port, ‘Polo House’. We took the land, signed an agreement with the consent of NPA, and paid all applicable dues. Dangote waited until our contractors and equipment had been mobilised to the site, then he went to former President Obasanjo. President Obasanjo had the land revoked entirely and gave the lease to Dangote. As a result, even his uncle lost the land. BUA was only given 24 hours to vacate the land.
It took us over a year to get another land. How?
Our survival as a business especially our Lagos sugar refinery is a legacy handed to us by a loving father who, seeing his son’s distress, did what only the noblest and kindest of hearts could do. With unwavering faith, our Chairman’s late father—may his soul rest in eternal peace—handed him the land on which our Lagos Sugar Refinery stands today. This land was the location of one of his thriving businesses with a warehouse, which he shut down and handed to us without asking for compensation. He just saw the pain of our chairman, Abdul Samad Rabiu, called him one day and handed him the papers to the land. His gesture was a beacon of hope in one of our darkest hours. And so, BUA survived again another Dangote trap. Today, we are now the largest Sugar refining concern in West Africa.
Our businesses continued to surge forward amid several other attempts, too many to mention now. In 2007, under President Yar’Adua’s visionary mandate to broaden Nigeria’s cement industry and break the monopoly in the sector, BUA was among the six companies selected and granted licenses. Our approach was unconventional but effective: we introduced a floating terminal – ‘BUA CEMENT I’, which is a cement factory built into a large ship, as a stopgap while we were working on securing our land-based cement plant.
What followed, however, was another act intended to drive us out of business. Our application to dock the floating terminal in Lagos met with resistance. We then decided to berth the ship at the terminal we owned in Port Harcourt. Despite this, we faced considerable pushback and it took the decisive intervention of late President Yar Adua, who directed that the Minister of Transport and the Chairman of NPA honour our right to contribute to the nation’s growth.
But the hurdles didn’t end there. The drama intensified when Orwell Brown, a Deputy Comptroller General who was also an older brother to a Dangote Staff, launched a sudden strike, attempting to deport our vessel’s entire expatriate crew. It was a Friday that is forever seared into our memory—the shock of our expatriates rounded up, their confusion as they were shepherded onto a Dangote-funded one-way local flight from Port Harcourt to Lagos en-route Asia via Emirates.
Upon hearing of what had happened, we reached out to Tanimu Yakubu, the then Chief Economic Adviser, who acted with the urgency that the situation demanded. His call to the CG of Immigration was a lifeline, and our expatriate team was brought back from the Emirates aircraft and not deported. The aftermath was swift action by the President, who ensured that such a misuse of power would not go unchecked. DCG Brown, caught in a tangle of undue influence, admitted what he did to the Minister, and he was later dismissed.
Through all these tribulations, BUA’s resolve has only strengthened. These events narrate not just the trials of a company but the resolve of its people, bound together by a shared vision and an unwavering belief in justice and fairness.
We also know what transpired whilst we were building our Edo Cement Plant. Everyone knows the issues we faced. The plant we are operating in Edo would not have been operating and contributing immensely to the economy, if not for the former President Buhari who had to intervene by calling Governor Obaseki that no staff must lose their jobs and the plant must not be shut down, no matter what happens. We cannot say more as the matter is currently sub-judice – and is at the Supreme Court. During that time, Edwin Devakumar and Sunday Esan (two long-time and current staff of Dangote) were caught in leaked emails, whose content were not limited to sending thugs to foment trouble, close our factory as well as pushing bad press against us (See emails attached).
Same thing happened again with our Port Harcourt sugar refinery – the only sugar refinery in Nigeria that is outside Lagos. Dangote utilized every means possible to ensure the refinery did not take off and we raised the alarm. At some point, the terminal was taken away from us and was to have been given to someone else at the behest of Dangote. There had to be a presidential intervention again for NPA to do the right thing. Yet, we survived.
For over 32 years, we have been cast as the antagonists in a narrative woven with malice. We have not just survived; we have thrived, expanding our operations and contributing to Nigeria’s economy without resorting to subterfuge.
To Mr. Dangote and the Dangote Group, we say: Let us build, not belittle. Let us cultivate, not conquer. While we may share the marketplace, we need not share malice. We have nothing to do with your self-inflicted issues. Blame no one but yourself.
In closing, we at BUA remain committed to our ethos of innovation, integrity, and inclusiveness. Our history is not one of being handed anything on a silver platter. We will continue to serve our beloved country and its people with the diligence and honour they deserve. Our past, present, and future activities are rooted in the prosperity of Nigeria, undeterred by the winds of unfounded criticism. We remain focused on building and developing Nigeria.
Signed:
Management
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Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

Business
Jemras Homes Unveils Treasure Mall in Lekki with a Star-Studded Grand Opening Ceremony
Published
3 days agoon
May 16, 2025
Jemras Homes Unveils Treasure Mall in Lekki with a Star-Studded Grand Opening Ceremony
Jemras Homes, one of Lagos’ fastest-growing real estate firms, held a vibrant and star-studded grand opening of its debut commercial property, Treasure Mall, on Thursday, May 15, 2025, at Abijo GRA, Lekki-Ajah.
The colourful ceremony brought together top political figures, industry leaders, celebrities, and business stakeholders to celebrate the launch of this landmark development.
The event was graced by notable personalities, including Hon. Moshood Aro, member of the Lagos State House of Assembly; Hon. Fatiu Salisu, the immediate past Chairman of Ijede LCDA; and veteran actor and brand ambassador of Jemras Homes, Alhaji Taiwo Hassan, popularly known as Ogogo.
While addressing the press, Ogogo shared his deep connection with the brand “My relationship with Jemras Homes goes beyond mere brand representation — it’s a partnership rooted in trust, shared values, and a commitment to excellence. I believe in what the company stands for and the vision it’s bringing to life in the Nigerian real estate space.”
The Founder of Jemras Homes, Mr. Tayo Razaq, also delivered a heartfelt speech during the event, describing the company’s mission and the long-term value Treasure Mall offers “Treasure Mall is more than a building — it is a statement of our dedication to quality, innovation, and strategic investment. We are creating not just spaces, but opportunities that empower businesses and elevate communities.”
The grand opening was a lively affair, complete with music, entertainment, and testimonials from satisfied clients and partners who praised the transparency, quality, and professionalism of Jemras Homes. The atmosphere reflected the company’s growing reputation for delivering smart and stylish real estate developments.
Treasure Mall is a 1,350-square-meter, three-floor commercial complex offering business spaces ranging from 25 to 110 square meters. Located in the heart of Lekki’s flourishing Abijo GRA, it features ample parking, 24/7 security, and cutting-edge infrastructure — ideal for retail outlets, cafés, restaurants, and office spaces.
Strategically positioned near landmarks such as Lagos Business School, Novare Mall, and over 15 private estates, Treasure Mall also shares a boundary with the soon-to-be-completed Treasure 2 Residence — adding significant residential appeal to the area.
With this successful launch, Jemras Homes has not only unveiled a premium commercial destination but also reinforced its position as a visionary leader in Nigeria’s real estate sector.
[5/16, 8:41 AM] Peace: Pix
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Business
Nigerian Excellence in Medicine: Dr. Dennis Agbazue Makes History in South Africa with Groundbreaking Spine Surgery
Published
4 days agoon
May 15, 2025
Nigerian Excellence in Medicine: Dr. Dennis Agbazue Makes History in South Africa with Groundbreaking Spine Surgery
By George O. Sylvester
On March 22, 2025, a new chapter was written in the annals of spinal surgery in South Africa. In what medical professionals are hailing as a major breakthrough in minimally invasive spine treatment, Nigerian-born orthopaedic and spinal surgeon, Dr. Dennis Agbazue, successfully performed Gauteng Province’s first fully endoscopic lumbar spinal decompression and fusion at Mediclinic Vereeniging. This landmark procedure has not only redefined the surgical possibilities within the province but has also elevated South Africa’s standing in the realm of advanced spinal care. More importantly, it represents the growing global footprint of Nigerian professionals who are transforming lives and industries in their host countries.
The patient, a 55-year-old male suffering from spondylolisthesis; a condition where one vertebra slips over another, often causing debilitating nerve compression and spinal stenosis underwent a complex yet precise surgical procedure executed entirely through two tiny incisions. Known as the bi-portal endoscopic technique, this method allows for bilateral laminectomy (removal of part of the vertebral bone), disc removal and spinal fusion all done with minimal disruption to muscle and tissue. This technique, relatively new in South Africa, reduces hospital stay, speeds up recovery and offers patients immediate relief from pain.
This is a monumental stride, not just for Mediclinic Vereeniging but for the entire province of Gauteng. Until now, endoscopic spinal surgeries, especially bi-portal decompression and fusion, were rarely performed in the region due to their high level of technical difficulty and the need for specialized training and equipment. Dr. Agbazue’s success now opens the door to a future where such procedures become commonplace, benefiting thousands of patients suffering from chronic spinal conditions.
A Surgeon of Many Firsts
Dr. Agbazue is not new to trailblazing. Since 2022, he has emerged as one of the few spinal surgeons in South Africa proficient in both uni-portal and bi-portal endoscopic spinal techniques. His journey into endoscopic spine surgery began with the uni-portal approach, a technique that involves a single incision for both visualization and surgical instruments. Since adopting it, he has successfully completed approximately 330 cases, earning him accolades from both peers and patients.
What sets him apart is not just his technical expertise, but his commitment to patient-centered care and surgical innovation. The transition to the bi-portal technique in 2024 allowed Dr. Agbazue to tackle more complex spinal conditions with enhanced surgical visibility and dexterity. Unlike open surgery, which often requires long incisions and extended recovery periods, the bi-portal method uses two small portals, one for a camera and another for surgical tools enabling more precision and less trauma to surrounding tissues.
“This technique represents the future of spine surgery,” Dr. Agbazue noted. “We are now able to offer patients the best of both worlds: surgical efficacy and a rapid return to normal life. It’s truly transformative.”
Building a Hub of Excellence in Vereeniging
Since leading the first endoscopic spinal surgery at Mediclinic Vereeniging on August 9, 2022, Dr. Agbazue has been instrumental in transforming the facility into a center of excellence for minimally invasive spine care. By March 2024, he had performed over 200 successful endoscopic spinal procedures, with outstanding outcomes and low complication rates.
His collaboration with Q Surgical, a medical instrumentation firm, has played a pivotal role in advancing the hospital’s capabilities. Together, they have introduced state-of-the-art endoscopic equipment and surgical tools, ensuring that local patients receive world-class care without the need to travel abroad.
As a result, Mediclinic Vereeniging has seen an influx of patients from across Gauteng, including metropolitan hubs like Johannesburg and Pretoria, seeking treatment under Dr. Agbazue’s expert care. For many, this represents not only hope but a second chance at life free from the chronic pain and disability associated with spinal disorders.
Representing Nigeria with Pride
At a time when negative narratives often dominate discussions about Nigeria and its citizens abroad, individuals like Dr. Dennis Agbazue offer a powerful counter-narrative. A proud Nigerian, Dr. Agbazue embodies the resilience, intellect and work ethic that define the best of the Nigerian spirit. His achievements are not isolated; rather, they are part of a broader wave of Nigerian professionals excelling globally in medicine, law, academia, technology and business.
From the corridors of Johns Hopkins and Mayo Clinic in the United States to the consulting rooms of top hospitals in the UK, Canada and Australia, Nigerian doctors have built a formidable reputation for excellence. According to a 2021 report by the UK’s General Medical Council, over 7,000 Nigerian-trained doctors were registered to practice in the UK, one of the largest contingents of foreign-trained doctors. In the United States, Nigerian-Americans are among the most highly educated immigrant groups, with medicine ranking among the top professions.
In South Africa, despite facing xenophobic challenges, Nigerians like Dr. Agbazue continue to distinguish themselves through competence and integrity. They fill critical gaps in healthcare and education and contribute to national development in quiet yet powerful ways.
The Global Shift Toward Minimally Invasive Surgery
Dr. Agbazue’s success must also be seen within the global context of medical innovation. The past two decades have seen a seismic shift from traditional open surgeries to minimally invasive procedures across all specialties. Spinal surgery, once known for long recovery periods and high complication risks, has now embraced technologies such as robotics, navigation systems and endoscopic tools.
In endoscopic spinal surgery, the benefits are indisputable. Studies published in peer-reviewed journals such as The Spine Journal and Journal of Neurosurgery: Spine have shown that endoscopic techniques result in less blood loss, shorter operative times, lower infection rates and faster functional recovery compared to open surgery. This approach is particularly beneficial for older patients or those with comorbidities who might not tolerate extensive surgery well.
Dr. Agbazue’s use of bi-portal endoscopy aligns South African spinal care with these international best practices, giving local patients access to treatment modalities previously reserved for developed countries.
A Call to Celebrate Nigerian Excellence
As Nigerians, we must learn to recognize, amplify and celebrate our own. In a world quick to highlight the failures and shortcomings of African professionals, stories like that of Dr. Dennis Agbazue remind us of our boundless potential. These are the narratives that must dominate our airwaves, newspapers and social platforms not only as a source of national pride but as an inspiration to young Nigerians at home and in the diaspora.
The future of Nigeria lies in the excellence of its people. Whether in medicine, innovation or public service, it is those who dare to push boundaries and defy odds that will shape our nation’s global identity. In Dr. Agbazue, we find one such individual a healer, a pioneer, and a worthy ambassador of the Nigerian dream.
Final note
The March 22 procedure at Mediclinic Vereeniging was more than a surgical first, it was a testament to the transformative power of skill, vision and perseverance. Dr. Dennis Agbazue’s achievement has not only raised the bar for spinal surgery in South Africa but has also positioned him as a beacon of excellence among Nigerian professionals abroad.
As we look to the future, may we continue to support and celebrate the likes of Dr. Agbazue, whose work reminds us that, regardless of where we come from, greatness knows no boundaries.
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Business
A Home for Heritage: ILÉ IYÁN Opens Headquarters to Celebrate Nigerian Roots
Published
5 days agoon
May 14, 2025
A Home for Heritage: ILÉ IYÁN Opens Headquarters to Celebrate Nigerian Roots
ILÉ IYÁN, a proudly Nigerian culinary brand, has officially unveiled its state of the art headquarters with a 200 guest capacity facility. The grand opening ceremony not only marked a milestone in the company’s growth but also paid tribute to Nigeria’s rich cultural heritage, drawing attention to the role of indigenous cuisine and tradition in promoting tourism across Lagos State.
The historic launch of the ILÉ IYÁN Headquarters held on Sunday the 11th May, 2025, now officially recognized as a national monument, took place in grand style, marking a significant milestone in the celebration and preservation of Nigerian cultural heritage and a major boost to the tourism industry.
The atmosphere was electric as the official opening ceremony of Ile Iyan’s new edifice commenced with a symbolic ribbon-cutting by the proud parents of the CEO, Alhaji and Alhaja Sanni. The emotional moment was met with cheers and applause from attendees, marking a significant milestone in the brand’s journey.
In a heartfelt speech, the CEO’s mother Alhaja Sanni shared her immense joy and pride in her son’s achievements. “I never imagined this day would come so soon. He defied all odds and has made us proud,” she said, her voice filled with emotion.
Celebrating Nigeria’s cultural richness, the event featured vibrant performances by Yoruba, Igbo, and Hausa cultural troupes. Dressed in colourful traditional attire, the troupes dazzled the audience with electrifying dances that underscored the Ile Iyan brand’s commitment to promoting indigenous cuisine and cultural values.
The event was graced by notable dignitaries, including Lagos State Commissioner for Agriculture, Hon. Abisola Olusanya; Commissioner for Youth and Social Development, Hon. Mobolaji Ogunlende; Special Adviser to Governor Sanwo-Olu on Culture and Tourism, Mr. Idris Aregbe; SSA on New Media, Mr. Jubril Gawat; Hon. Remi Durojaiye; Engr. Bola Babarinde; Prince Olu Kosoko of Badagry, Guiness World Record Holder, Dr Fola David; Mr Chigozie Okwara, Vice President of Culinary Arts Practitioners of Nigeria,Chef Dee; Culinary expert and Hospitality Consultant, Chef Gibbs; CEO of Novarick Homes and Properties Limited Mr Noah Ibrahim; Barrister Lateef Oyefeso, Barrister Gbolahan Oluyemi, Alhaji Mohammed Luqman, Alhaji Mojeed Animashaun, Alhaji Qudus Animashaun, Mr Emmanuel Akinseloyin, Alhaja Onigbanjo, Captain Dare, Alhaji Luqman Obileye, Mr Fola Gbemisola(Fatgbems), Mr Taiwo Kafidipe, Mr Ihuoma Raymond, the iconic music executive and cultural ambassador, Otunba Dayo Adeneye (D1) of Kennis Music, alongside Dr. Agarawu, numerous captains of industry, and cultural enthusiasts.
ILÉ IYÁN, long revered for its authentic celebration of Yoruba gastronomy particularly the traditional preparation of pounded yam has now been elevated to a symbol of national pride, serving as a cultural hub that connects history, heritage, food, and tourism. With its headquarters now officially open, ILÉ IYÁN is positioned as a dynamic force in reviving indigenous food practices, promoting cultural tourism, and offering immersive experiences rooted in Nigerian traditions.
In her keynote address, Mrs. Bisola Olusanya praised the initiative, stating: “ILÉ IYÁN is not just a space for food, it is a celebration of our roots, our resilience, and our creativity as Nigerians. This headquarters will play a vital role in our agricultural value chain while preserving culinary heritage for future generations.”
Hon. Mobolaji Ogunlende emphasized the importance of youth engagement in cultural sustainability, while Hon. Idris Aregbe lauded ILÉ IYÁN as a “trailblazer in cultural entrepreneurship,” bridging the gap between tradition and innovation.
Mr. Sanni Afeez, General Manager of ILÉ IYÁN, Shares His Thoughts on the Launch
Speaking at the launch, the General Manager, Mr. Sanni Afeez, expressed his excitement and optimism about the future of the brand.
“This launch represents more than just a new building, it’s a bold step toward redefining the culinary and cultural experience in Nigeria,” he said. “ILÉ IYÁN is not just a restaurant; it’s a celebration of who we are as a people. From our locally inspired menu to the cultural performances that marked today’s opening, we are showcasing the beauty, depth, and unity of Nigerian heritage. This headquarters will serve as a hub for not only great food but also for cultural exchange and tourism growth in Lagos.”
Founder, CEO, and cultural curator of ILÉ IYÁN, Mr. Sanni Sheriff, shared a powerful message during the launch event, emphasizing the deeper vision behind the brand.
“This is not just a building; it is a movement,” he declared. “A space where the stories of our people, our food, and our shared heritage are honored and preserved.”
Mr Sanni Sheriff, known for his passion for cultural preservation and storytelling through cuisine, reiterated his commitment to creating a space that celebrates Nigeria’s diverse identity, promotes local tourism, and empowers future generations to take pride in their roots.
With this launch, ILÉ IYÁN cements its place as a cornerstone of Nigeria’s cultural renaissance and a must-visit destination for locals and tourists alike.
EKAABO SI ILÉ IYÁN
EYIN OLOLUFE WA
For ILÉ IYÁN dining experience and food delivery kindly visit or contact any of our locations
ILÉ IYÁN HEADQUARTERS
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(OPPOSITE KINGFISHER/MARCOPOLO RESTAURANT)
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ONLINE FOOD DELIVERY KINDLY CONTACT: 09024475402
FOR RESERVATIONS KINDLY CONTACT 09075603234 or simply send an
Email: ileiyan234@gmail.com
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