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T.Y Danjuma Worth $1.2bn, Owns International Hotels – Bloomberg

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Interestingly, renown United States-based financial data media house, Bloomberg, says a former Minister of Defence, Lt.Gen Theophilus Danjuma (retd.), is worth an estimated $1.2bn (N432bn).

This is the first time Danjuma’s net worth would be made public.

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Danjuma was mentioned in the Panama Papers in 2017 among prominent Nigerians that operated foreign accounts and had foreign companies while holding public office.

The retired general was also among global personalities found to maintain secret accounts, operated with codes, with the Swiss branch of banking giant, HSBC.

According to Bloomberg’s latest report, Danjuma owns not less than 30 properties worldwide some of which include hotels, luxury apartments and others.

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Bloomberg said in a report that Danjuma had also acquired the ‘Kings Arms Hotel’, a 300-year-old inn next to London’s Hampton Court Palace, once the home of King Henry VIII.

It’s set to open soon after refurbishment, with rooms costing about 250 pounds ($318) a night.

The report read in part, “In this most English of settings, it’s fitting the owner is a retired military man still referred to as “General.” But for Theophilus Danjuma, this is just one investment in a network of assets that span at least three continents.

“The 80-year-old Nigerian is worth $1.2bn, according to the Bloomberg Billionaires Index, with his family office managing a portion of that wealth, often through low-key holdings such as the 14-room hotel.”

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Hannatu Gentles, the second daughter of the retired general, confirmed to Bloomberg in an interview that the property was indeed bought by the family and would bear the ‘Danjuma’ name.

She said they paid 2.4m pounds (N1.09bn) for the hotel.

Gentles said redevelopment work was expected to end in March, filings show, but the inn’s age and protected status resulted in higher costs and delays.

“This is the first, and will possibly be the last, listed building we’ve worked on,” Gentles said. “It’s taken longer than we wanted, but our name is attached to the building and we want to be proud of our work. It’s been a hard slog.”

Danjuma’s new venture is far removed from civil war and deepwater oil fields, the spheres where he amassed his power and fortune.

In 2006, his South Atlantic Petroleum Ltd. sold almost half its contractor rights for a section off Nigeria’s coast to a state-backed Chinese firm for $1.8bn.

The ex-minister was awarded the block in 1998 by the regime of former dictator and fellow army officer Sani Abacha, making him one of a handful of Nigerians made extraordinarily wealthy from the country’s energy reserves.

“Basically, these people got winning lottery tickets,” said Antony Goldman, founder of West Africa-focused ProMedia Consulting. “At the time, you had a government desperate for credibility that was isolated internationally.” Danjuma was “someone who’s not really a politician, who is respected in business and in the army.”

Danjuma was born in 1938, the year Royal Dutch Shell received its first oil exploration license for the country and more than two decades before it gained independence from Britain.

He dropped out of college in 1960 to join the army, according to “Nigerian Politics in the Age of Yar’Adua” by Bayode Ogunmupe. He gained prominence after participating in the 1966 counter-coup against Nigeria’s first military dictator.

A decade later, he was stepping out of a Rolls-Royce in central London to meet British military officials in his role as chief of staff for Nigeria’s army. He left the military in 1979 and founded his oil firm and a shipping company, NAL-Comet, which now has more than 2,000 employees in Nigeria. Danjuma paid $25m in 1998 for the oil field exploration license that made him a billionaire. A year later, he became Nigeria’s defence minister as the country returned to democracy.

He originally teamed up with Total SA and Brazil’s Petroleo Brasileiro SA on the block. The minority stake that Danjuma’s company now owns is worth $450m, according to Bloomberg’s wealth index.

“Beyond the UK, they own real estate in California and have bought and sold property in Singapore. Their family office also oversees private equity investments, trust funds and a venture capital arm that backs family-run art and film companies. The Danjumas own more than 30 properties worldwide, filings show,” the report stated.

Confirming this, Danjuma’s daughter added, “We invest in real estate in other jurisdictions, but in the UK we always thought let’s stick to areas that we know.”

She noted that her father bought a residence in Singapore years ago, “and it made sense then to buy some more,” she said, adding they’ve since sold the properties because of tax law changes.

In addition to the Kings Arms Hotel, the Danjumas have developed residential properties this year in Esher and Wimbledon. They also own a boutique hotel in Lagos, serving beef carpaccio and lobster bisque in one of three dining areas and displaying works from the family’s art firm.

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Nollywood loses another veteran actor

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Nollywood loses another veteran actor

Nollywood loses another veteran actor

 

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The Nigerian movie industry has again been thrown into mourning after the news of the death of another veteran Nollywood actor, Zulu Adigwe, surfaced on social media on Tuesday.

 

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Nollywood loses another veteran actor

Adigwe’s death was announced by a movie producer, Stanley Nwoko, in a post on his Instagram page .

Mourning the actor, Nwoko wrote, “Rest in peace, good actor.”

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Adigwe’s death is coming two weeks after Junior Pope and three other Nollywood actors died in a boat accident in Anam River.

 

The actors were said to be on their way to a location when the incident occurred.

 

 

Adigwe gained recognition primarily for portraying fatherly characters in Nollywood films.

His breakthrough role came as Mr. B in the popular sitcom “Basi and Company.”

He also appeared in the highly successful 2019 movie “Living in Bondage: Breaking Free.”

Although born in Enugu State and spent his early years there, he later moved to Austria, where he completed his primary and secondary education.

 

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ERELU OLAJUMOKE, AN ALLURING CHARMING BEAUTY MAJESTICALLY CLIMBED THE FIFTH FLOOR

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ERELU OLAJUMOKE, AN ALLURING CHARMING BEAUTY MAJESTICALLY CLIMBED THE FIFTH FLOOR

…Celebrates Golden Jubilee In Glitz and Amazing Glory

 

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She is a damsel, an embodiment of beauty, brain and brawn, possessing the best of qualities any discerning mind would dream of. She is no one else than Erelu Olajumoke, Erelu of Ifetedo Kingdom and founder/Chief Executive Officer of Erelu Olajumoke Foundation. Very industrious, illustrious and extremely hardworking, Erelu Olajumoke, the Iya Ijo of Bishop Court Chapel in Alagbaka Akure will on Saturday, the 20th of April, 2024 celebrate her 50th birthday, stepping majestically into the fifth floor and marking a golden jubilee that looks every inch, good on her.

 

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The effervescent, glamorous and charismatic Erelu Olajumoke is an enigma, a colossus who has contributed immensely to humanity and the entire global economy. She is graciously blessed with the spirit of giving. Erelu Olajumoke, a magnanimous lady of substance, value and valor has been practically involved in various forms of empowerment, spreading love, passion and absolute generosity to the poor, the needy, the old (elderly), orphans, widows/widowers, the impoverished, the underprivileged and the intimidated members of the society. Endowed with an uncommon traits of great-heartedness, Erelu Olajumoke took it upon herself to alleviate the poverty levels of the people by directly, impacting on their lives.

 

Oftentimes, this legendary philanthropist, who is very much aware of the fact that health is indeed wealth, has organized various medical outreach programmes that yielded great impact on beneficiaries. Through Erelu Olajumoke Foundation, this amazon of beauty has transformed the lives of many, bringing in, health care professionals from around the globe to give succor to those with health challenges. Her roles in the rejuvenation and revamping of people’s health are awesome and iconic. Those who have benefitted from her tremendous medical contributions would always say lofty tales about her.

 

 

As an outstandingly committed child of God, Erelu Olajumoke who is currently basking in the euphoria of clocking 50, has been and still involved in fundraising activities towards her church and evangelism. Her passion and zeal for spreading the good news of God, winning souls into the Kingdom of God and expunging sinners from the gory dungeons of sin are highly recognized and commendable. She is absolutely emotional and animated to the church, the Gospel and everything about her Creator.

 

 

An extremely supportive partner, Erelu Olajumoke is simply, the strongest pillar of support to the political and democratic achievements of her beau, the distinguished Senator Oluwole Olubiyi Fadeyi, the dynamic and zestful Senator representing Osun Central Senatorial District at the Upper Chamber of the National Assembly, Abuja.

 

 

As a matter of fact, Erelu Olajumoke has displayed so much affection for the amiable Senator through unwavering support, unalloyed devotion to his democratic ideologies and strategies coupled with her reciprocating fondness for the people her hubby represents at the Red Chambers. Erelu Olajumoke synergized her benevolent acts with those of her beloved Senator Olubiyi Fadeyi by catering for constituency needs under his Osun Senatorial District covering Osogbo, Ila, Boripe, Odo-Otin, Boluwaduro, Ifedayo, Irepodun, Olorunda and Orolu Local Government Areas.

 

 

The ‘birthday girl’, Erelu Olajumoke regularly extends her olive oil of love, passion and care for all widowed women and men in these communities not excluding helpless and hopeless orphans, out of school children, those experiencing excruciating poverty amongst other less-privileged within the Osun Central Senatorial District and beyond. Erelu stands as a rock of Gibraltar, upholding the democratic values of her hubby with in-depth determination, perseverance and tenacity. As the First Lady of Osun Central Senatorial District, Erelu Olajumoke has performed meritoriously contributing immensely to the successful foray and great achievements of her best friend, her best adviser, best confidant and above all best lover, the distinguished Senator Ajagunla Oluwole Olubiyi Fadeyi, the Tayese II of Ifetedo Kingdom.

 

 

 

With the input and advise from Erelu Olajumoke, Senator Olubiyi Fadeyo has brought new hope to the good people of Osun Central Senatorial District, giving our palliatives and economic empowerment equipments like buses, cars, motorcycles, tricycles, hairdressing equipments, barbing gadgets, grinding machines, freezers amongst other vital poverty alleviation to drastically and astronomically reduce poverty from the shores of that senatorial district.

In a nutshell, Erelu Olajumoke, who will be gathering high net-worth dignitaries, top celebrities, society bigwigs, powerful political stalwarts, family, friends and well-wishers come Saturday to celebrate her joining the club of the 50s, could be described as an awesomely delectable queen with an uncommon heart of gold.

Happy birthday to this rare gem, a blessing to humanity and the solid pillar of support behind one of Nigeria’s most reliable Senators, Ajagunla Olubiyi Oluwole Fadeyi.

Barrister Olaitan Ilori

 

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Celebrating Aare Sir Shina Akanni : The Pinnacle of Fuji Music (Photos) – Alhaji Arems

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Celebrating Aare Sir Shina Akanni : The Pinnacle of Fuji Music (Photos) – Alhaji Arems

 

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As the dawn breaks on April 19, the vibrant and rhythmic world of Fuji music celebrates a monumental occasion—the birthday of Aare Sir Shina Akanni, a maestro whose name is synonymous with the genre itself. Today, not only does he add another year to his illustrious life, but he also cements his place as the most highly rated act in the realm of Fuji music.

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Aare Sir Shina Akanni, often hailed as the Fuji Scorpido, has been a beacon of innovation and excellence in Fuji music for decades. His unique voice and high level of composition have earned him the respect and admiration of fans and peers alike. On this special day, we reflect on the journey of a man who has not only mastered his craft but has also become the yardstick by which all other Fuji acts are measured.

Born into the vibrant culture of Mushin, Lagos, Aare Sir Shina Akanni’s musical journey began at a young age. His passion for Fuji music was evident from the start, and over the years, he has released over 30 albums, each one a testament to his dedication and talent. His works such as “Fuji Discovery Medley” and “Shina Medley” have become staples in the Fuji music scene, played and replayed by those who appreciate the depth of his artistry.

But what truly sets Aare Sir Shina Akanni apart is his ability to stay at the pinnacle of Fuji music for over two decades. It’s a feat that speaks volumes about his consistency and the unwavering quality of his music. His latest album, “ABCD,” is yet another example of his musical prowess and innovation, showcasing a blend of traditional Fuji rhythms with contemporary elements.

As we celebrate Aare Sir Shina Akanni’s birthday, it’s not just another year that we’re marking; it’s the celebration of a legacy that has shaped and will continue to shape the future of Fuji music. His influence extends beyond the borders of Nigeria, touching lives and inspiring musicians around the globe.

On this day, the Fuji music community comes together to honor a legend. Aare Sir Shina Akanni’s contributions to the genre are unparalleled, and his status as the most highly rated of all Fuji acts is undisputed. As he celebrates his birthday, we join in the chorus of well-wishes and gratitude for the music that has enriched our lives.

Happy Birthday, Aare Sir Shina Akanni, the undisputed king of Fuji music. May your melodies continue to resonate, and your legacy endure for generations to come.

 

Celebrating Aare Sir Shina Akanni : The Pinnacle of Fuji Music (Photos) - Alhaji Arems

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