Sunday Igboho Hails IBD Dende’s Exceptional Generosity and Loyalty

By Adeyemi Obadimu

A prominent Yoruba nation activist, Sunday Igboho, has publicly commended renowned businessman and philanthropist, Ibrahim Egungbohun, popularly known as IBD Dende, for what he described as extraordinary generosity and unwavering support during one of the most challenging periods of his life.

Speaking about his experience following his release from detention in the Benin Republic, Igboho disclosed that IBD Dende reached out to him immediately to inquire about his welfare and next destination. According to him, when he explained that he was planning to travel to Germany and that the cost of flight tickets for himself and his wife amounted to ₦6 million, Dende requested his bank details.

In a remarkable show of goodwill, Igboho revealed that Dende transferred ₦20 million to his account far above the stated travel expenses with the reassurance that the extra funds could assist with other pressing needs.

Igboho further recounted that upon his eventual return to Nigeria, despite ongoing financial restrictions, IBD Dende was the first person he met. At that meeting, the businessman reportedly provided an additional ₦10 million to enable him host visitors and manage immediate responsibilities, particularly as his bank account remains frozen.

The activist also expressed profound gratitude to former Oyo State Governor, Rasheed Ladoja, whom he credited for resolving issues between him and President Bola Ahmed Tinubu.

Describing Dende as a man of rare loyalty and compassion, Igboho stated that anyone who harbours ill feelings toward the businessman “is under a curse,” emphasizing the depth of gratitude he holds for the support he received.

The development has sparked conversations across social and political circles, further highlighting IBD Dende’s reputation as a philanthropist and influential figure known for standing by associates in difficult times.

BUA Chairman Abdul Samad Rabiu Tops Africa’s Wealth Gains in the 2026 Forbes Rankings as His Fortune Jumps 120% to $11.2 Billion, Rising to 3rd Place; Aliko Dangote Remains No.1

Billionaire Industrialist, Philantropist, and Chairman of BUA Group, Abdul Samad Rabiu, has emerged as Africa’s biggest wealth gainer in the 2026 Africa’s Richest People ranking published by Forbes, after his net worth rose sharply over the past year.

According to the latest Forbes list, Rabiu’s wealth surged 120 percent to $11.2 billion, representing the largest increase recorded among the continent’s billionaires in the latest ranking. The jump moves Rabiu, who is Nigerian, to third place among Africa’s richest individuals, up from sixth position a year ago.

The rise in Rabiu’s fortune was driven largely by the strong performance of BUA Cement, his flagship publicly listed company, whose shares surged by 135 percent over the past year. The rally significantly outpaced gains in the broader Nigerian Exchange, which has itself recorded strong growth amid improving investor confidence.

Forbes estimates Rabiu’s net worth at $11.2 billion, placing him behind luxury goods tycoon Johann Rupert, whose fortune is estimated at $16.1 billion, and Africa’s richest man Aliko Dangote, who retains the top position with an estimated $28.5 billion.

Rabiu’s rise underscores the growing influence of Nigeria’s industrial sector and the expanding footprint of BUA Group, which has built major operations across cement manufacturing, food processing, sugar refining, infrastructure, mining and energy.

The latest Forbes ranking also highlights a broader surge in wealth across Africa’s billionaire class. The continent’s 23 billionaires now hold a combined net worth of $126.7 billion, representing a 21 percent increase from the previous year, as major equity markets rallied and regional currencies stabilised.

Nigeria remains one of the continent’s leading centres of billionaire wealth, accounting for four individuals on the list, including Dangote, Rabiu, telecommunications magnate Mike Adenuga, and energy investor Femi Otedola.

Forbes said the 2026 ranking was calculated using stock prices and exchange rates as of March 1, 2026, with privately held companies valued using comparable industry benchmarks.

Rabiu’s leap in the ranking reflects not only the strong performance of BUA Cement but also the broader momentum of Nigeria’s capital markets and the continued expansion of large scale industrial enterprises across Africa’s largest economy.

Analysts say the development signals growing investor confidence in African manufacturing and infrastructure driven businesses, sectors that are increasingly central to the continent’s economic transformation.

COAS Ties Battlefield Success to Constitutional Allegiance and Civil Authority

During his operational visit to the 4 Special Forces Command in Doma, the Chief of Army Staff, Lieutenant General Waidi Shaibu, delivered a stark message, intertwining the elite unit’s combat effectiveness with an unshakeable pledge of allegiance to President Bola Ahmed Tinubu and the Nigerian Constitution.

While directing troops to intensify high-impact operations, the COAS made it clear that their mission is a direct expression of their constitutional oath. He reaffirmed that the Nigerian Army’s primary role is to defend the nation against external aggression and provide aid to civil authority, all in strict adherence to the supreme law of the land and under the leadership of the Commander-in-Chief.

This emphasis on loyalty served as a powerful backdrop to his operational directives. By linking the “decisive defeat” of terrorists to the Army’s constitutional mandate and loyalty to the President, Lt. Gen. Shaibu sought to galvanise the Special Forces, framing their upcoming engagements not just as military objectives but as a sacred duty to the democratically elected government and the nation’s founding charter. The message was clear: their fight is a fight for the Constitution and the president it empowers.