Boss!! Aliko Dangote Named Africa’s Wealthiest Person For Ninth Year in A Row
The Chairman of the Dangote Group, Aliko Dangote has been named the wealthiest person in Africa for the ninth consecutive year.
However, the latest ranking of the world’s billionaires by Forbes estimated that his net worth dropped by $200m from $10.3bn to $10.1bn in one year.
The American media company attributed this to the slightly lower stock price for Dangote Cement.

Meanwhile, Nigeria’s Mike Adenuga with investments in the mobile phone network, Globacom, Conoil, and real estate, was named as number three in Africa on the Forbes billionaire list and was valued at $7.7bn.

Adenuga shared the third position with a South African, Nicky Oppenheimer.

The report stated that only eight countries have billionaires with South Africa and Egypt dominating not only the top 10 richest people in Africa list but in the rankings overall with five billionaires each.
Nigeria comes second with four billionaires, including Africa’s richest man, Aliko Dangote.

Nigeria’s Abdulsamad Rabiu, with 98.5 percent stakes in BUA Cement Plc, is in number eight position among the top 20 African billionaires.

In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed first, Cement Company of Northern Nigeria, which he controlled.

Closing the 20 top African billionaire list is the Vice-Chair of Nigeria’s Famfa Oil Folorunso Alakija, with a net worth of $1bn.

According to Forbes, the second woman on the top 20 billionaire’s list is the eldest daughter of Angola’s former president, Isabel dos Santos, whose fortune declined to an estimated $2.2bn, by $100m from a year ago.

The Forbes report stated that the fortune of Strive Masiyiwa of Zimbabwe dropped by $1.2bn to $1.1bn in 2019, and ranked the 19th richest man, due to the introduction of a new (weaker) currency in the country, affecting his stakes in Econet Wireless, Zimbabwe and Cassava Smartech in dollar terms.

Nassef Sawiris of Egypt, who has stakes in a shoemaking company, Adidas, and a fertilizer company, OCI N.V, merged as the new number two richest man on Forbes list with assets valued at $8bn.

In 2019, Forbes said Sawiris and a United States investor, Wes Edens, purchased the remaining stake they didn’t own in the United Kingdom Premier League team, Aston Villa Football Club.

The report said altogether, Africa’s billionaires are richer than a year ago as the continent’s 20 billionaires are worth a combined $73.4bn, up from $68.7bn a year ago.

Explaining the methodology used in the ranking, Forbes Africa said “Our list tracks the wealth of African billionaires who reside in Africa or have their primary businesses there… We calculated net worth using stock prices and currency exchange rates from the close of business on Friday, January 10, 2020.”

It said country rankings were unchanged from a year ago.

Boss!! Aliko Dangote Named Africa’s Wealthiest Person For Ninth Year in A Row
The Chairman of the Dangote Group, Aliko Dangote has been named the wealthiest person in Africa for the ninth consecutive year.
However, the latest ranking of the world’s billionaires by Forbes estimated that his net worth dropped by $200m from $10.3bn to $10.1bn in one year.
The American media company attributed this to the slightly lower stock price for Dangote Cement.

Meanwhile, Nigeria’s Mike Adenuga with investments in the mobile phone network, Globacom, Conoil, and real estate, was named as number three in Africa on the Forbes billionaire list and was valued at $7.7bn.

Adenuga shared the third position with a South African, Nicky Oppenheimer.

The report stated that only eight countries have billionaires with South Africa and Egypt dominating not only the top 10 richest people in Africa list but in the rankings overall with five billionaires each.
Nigeria comes second with four billionaires, including Africa’s richest man, Aliko Dangote.

Nigeria’s Abdulsamad Rabiu, with 98.5 percent stakes in BUA Cement Plc, is in number eight position among the top 20 African billionaires.

In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed first, Cement Company of Northern Nigeria, which he controlled.

Closing the 20 top African billionaire list is the Vice-Chair of Nigeria’s Famfa Oil Folorunso Alakija, with a net worth of $1bn.

According to Forbes, the second woman on the top 20 billionaire’s list is the eldest daughter of Angola’s former president, Isabel dos Santos, whose fortune declined to an estimated $2.2bn, by $100m from a year ago.

The Forbes report stated that the fortune of Strive Masiyiwa of Zimbabwe dropped by $1.2bn to $1.1bn in 2019, and ranked the 19th richest man, due to the introduction of a new (weaker) currency in the country, affecting his stakes in Econet Wireless, Zimbabwe and Cassava Smartech in dollar terms.

Nassef Sawiris of Egypt, who has stakes in a shoemaking company, Adidas, and a fertilizer company, OCI N.V, merged as the new number two richest man on Forbes list with assets valued at $8bn.

In 2019, Forbes said Sawiris and a United States investor, Wes Edens, purchased the remaining stake they didn’t own in the United Kingdom Premier League team, Aston Villa Football Club.

The report said altogether, Africa’s billionaires are richer than a year ago as the continent’s 20 billionaires are worth a combined $73.4bn, up from $68.7bn a year ago.

Explaining the methodology used in the ranking, Forbes Africa said “Our list tracks the wealth of African billionaires who reside in Africa or have their primary businesses there… We calculated net worth using stock prices and currency exchange rates from the close of business on Friday, January 10, 2020.”

It said country rankings were unchanged from a year ago.

Boss!! Aliko Dangote Named Africa’s Wealthiest Person For Ninth Year in A Row
The Chairman of the Dangote Group, Aliko Dangote has been named the wealthiest person in Africa for the ninth consecutive year.
However, the latest ranking of the world’s billionaires by Forbes estimated that his net worth dropped by $200m from $10.3bn to $10.1bn in one year.
The American media company attributed this to the slightly lower stock price for Dangote Cement.

Meanwhile, Nigeria’s Mike Adenuga with investments in the mobile phone network, Globacom, Conoil, and real estate, was named as number three in Africa on the Forbes billionaire list and was valued at $7.7bn.

Adenuga shared the third position with a South African, Nicky Oppenheimer.

The report stated that only eight countries have billionaires with South Africa and Egypt dominating not only the top 10 richest people in Africa list but in the rankings overall with five billionaires each.
Nigeria comes second with four billionaires, including Africa’s richest man, Aliko Dangote.

Nigeria’s Abdulsamad Rabiu, with 98.5 percent stakes in BUA Cement Plc, is in number eight position among the top 20 African billionaires.

In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed first, Cement Company of Northern Nigeria, which he controlled.

Closing the 20 top African billionaire list is the Vice-Chair of Nigeria’s Famfa Oil Folorunso Alakija, with a net worth of $1bn.

According to Forbes, the second woman on the top 20 billionaire’s list is the eldest daughter of Angola’s former president, Isabel dos Santos, whose fortune declined to an estimated $2.2bn, by $100m from a year ago.

The Forbes report stated that the fortune of Strive Masiyiwa of Zimbabwe dropped by $1.2bn to $1.1bn in 2019, and ranked the 19th richest man, due to the introduction of a new (weaker) currency in the country, affecting his stakes in Econet Wireless, Zimbabwe and Cassava Smartech in dollar terms.

Nassef Sawiris of Egypt, who has stakes in a shoemaking company, Adidas, and a fertilizer company, OCI N.V, merged as the new number two richest man on Forbes list with assets valued at $8bn.

In 2019, Forbes said Sawiris and a United States investor, Wes Edens, purchased the remaining stake they didn’t own in the United Kingdom Premier League team, Aston Villa Football Club.

The report said altogether, Africa’s billionaires are richer than a year ago as the continent’s 20 billionaires are worth a combined $73.4bn, up from $68.7bn a year ago.

Explaining the methodology used in the ranking, Forbes Africa said “Our list tracks the wealth of African billionaires who reside in Africa or have their primary businesses there… We calculated net worth using stock prices and currency exchange rates from the close of business on Friday, January 10, 2020.”

It said country rankings were unchanged from a year ago.

Assault of Amotekun Officers Will Attract N250,000 fine or jail term
Assaulting an Amotekun officer will attract a fine of N250,000 or a prison term of one month or both.
However, an Amotekun officer cannot be sued for whatever he does in the course of duty but only what he does in his personal capacity.
This is according to the Ekiti State Security Network Agency Bill 2020 which has been submitted to the Ekiti State House of Assembly.

Other South-West governors have submitted similar bills to their respective houses of assembly.

Section 36 of the bill states, “Any person who willfully hinders, delays, obstructs or assaults a member of the Ekiti State Amotekun Corps in the course of the exercise of his lawful duties under this law shall be guilty of an offence and liable on conviction to imprisonment for a term of one month or to a fine not exceeding two hundred and fifty thousand naira only (N250,000.0 or to both such fine and imprisonment.”

The bill further states that the security organisation must be headed by a retired law enforcement agent who is not lower than the rank of Major or its equivalent in any other security agency.
Section 14 reads in part, “There shall be appointed by the governor, a corps commander for the agency, who shall be a retired law enforcement officer or military officer not below the rank of a major or its equivalent in other security services.

“The corps commander shall be a person with at least 10 years cognate experience in security matters; (b) be responsible for the day-to-day running of the affairs of the Ekiti State Amotekun Corps and implementation of the decisions of the board; (c) hold meetings with his counterparts in other states, particularly Ogun, Lagos, Ondo, Osun and Oyo states on a quarterly basis or as may be collectively determined by the corps commanders in those dates.”

The bill also provides for the establishment of an Amotekun board which is expected to meet not less than four times a year.

The bill will comprise the Commissioner of Police in the state and representatives of other military representatives.

Section 6 reads in part, “There is established for the agency a governing board (referred to in this law as the board). The board shall comprise: a chairman, who shall be a person of proven integrity with experience in security matters and shall be a retired law enforcement or military officer not below the rank of a Major or its equivalent in the other security services; the commissioner of police in the state or his/her representative; one member representing the different services of the Armed Forces of Nigeria operating in the state; the state commandant of the Nigeria Security and Civil Defence Corps in the state or his/her representative; the Executive Secretary, Ekiti State Security Trust Fund or his/her representative; one representative each of the Community Development Associations drawn from the three senatorial zones the state; the Chairman, Ekiti State Council of Traditional Rulers or his representative; the Ekiti State Amotekun Corps Commander.”

Meanwhile, the Ekiti State Attorney General and Commissioner for Justice, Wale Fapohunda, on Tuesday called for comments from members of the public on the bill for the enabling law for the establishment of Amotekun corps.

Fapohunda said the state Ministry of Justice posted the bill on its website on Monday to enable Ekiti residents and other stakeholders to view it and make comments.

The AG said “Deadline for the submission of comments is Wednesday, 12 February, 2020, at midnight.

The bill, which the AG presented to the state governor, Dr Kayode Fayemi, on Monday, will be discussed at the State Executive Council on Wednesday (today).

The ministry stated that Amotekun Corps would also “ensure that all persons travelling along the highways, major roads, remote areas, are free to participate in their normal social and economic life without hindrance” and as well “assist the police to carry out any other lawful activity for maintaining law and order in the state”.

However, the Osun State House of Assembly says it has not officially received the bill for Amotekun.

The Speaker, Timothy Owoeye, said this on Tuesday. Speaking through his Press Secretary, Kunle Alabi, Owoeye said the parliament was however expecting the bill “any moment from now.”

But one of our correspondents learnt Osun State Executive Council extensively discussed the bill in its weekly meeting on Monday.

In the same vein, the Oyo State House of Assembly said on Tuesday that the bill on Amotekun was being expected to be transmitted to the House from the executive, adding that the passage of the bill would be prioritised.

The Deputy Speaker, Oyo State House of Assembly, Abiodun Fadeyi, said, “In Oyo State, the transmission of the bill from the executive arm to the state assembly should happen in due course. We still have between now and 12pm on Friday before we can say that the bill fails to arrive as scheduled.”

Also, the Ondo State House of Assembly has declared that it was in support of the Operation Amotekun security outfit in the South-West, but it had not received the bill to legalise it from the executive.

The Attorney-General and Commissioner for Justice, Mr Kola Olawoye, had earlier said the report of the bill had been presented to the governor after which it would be sent to the State Executive Council for deliberation and approval and thereafter it would be sent to the House of Assembly.

The House Committee Chairman on Information, Mr Gbenga Omole, however, said the House was on recess and had not received any bill from the state governor.

Omole said, “We are currently on recess and we will resume on February 24 ( 202 but in spite of that we are yet to receive the bill as I am talking to you now (Tuesday).”

Assault of Amotekun Officers Will Attract N250,000 fine or jail term
Assaulting an Amotekun officer will attract a fine of N250,000 or a prison term of one month or both.
However, an Amotekun officer cannot be sued for whatever he does in the course of duty but only what he does in his personal capacity.
This is according to the Ekiti State Security Network Agency Bill 2020 which has been submitted to the Ekiti State House of Assembly.

Other South-West governors have submitted similar bills to their respective houses of assembly.

Section 36 of the bill states, “Any person who willfully hinders, delays, obstructs or assaults a member of the Ekiti State Amotekun Corps in the course of the exercise of his lawful duties under this law shall be guilty of an offence and liable on conviction to imprisonment for a term of one month or to a fine not exceeding two hundred and fifty thousand naira only (N250,000.0 or to both such fine and imprisonment.”

The bill further states that the security organisation must be headed by a retired law enforcement agent who is not lower than the rank of Major or its equivalent in any other security agency.
Section 14 reads in part, “There shall be appointed by the governor, a corps commander for the agency, who shall be a retired law enforcement officer or military officer not below the rank of a major or its equivalent in other security services.

“The corps commander shall be a person with at least 10 years cognate experience in security matters; (b) be responsible for the day-to-day running of the affairs of the Ekiti State Amotekun Corps and implementation of the decisions of the board; (c) hold meetings with his counterparts in other states, particularly Ogun, Lagos, Ondo, Osun and Oyo states on a quarterly basis or as may be collectively determined by the corps commanders in those dates.”

The bill also provides for the establishment of an Amotekun board which is expected to meet not less than four times a year.

The bill will comprise the Commissioner of Police in the state and representatives of other military representatives.

Section 6 reads in part, “There is established for the agency a governing board (referred to in this law as the board). The board shall comprise: a chairman, who shall be a person of proven integrity with experience in security matters and shall be a retired law enforcement or military officer not below the rank of a Major or its equivalent in the other security services; the commissioner of police in the state or his/her representative; one member representing the different services of the Armed Forces of Nigeria operating in the state; the state commandant of the Nigeria Security and Civil Defence Corps in the state or his/her representative; the Executive Secretary, Ekiti State Security Trust Fund or his/her representative; one representative each of the Community Development Associations drawn from the three senatorial zones the state; the Chairman, Ekiti State Council of Traditional Rulers or his representative; the Ekiti State Amotekun Corps Commander.”

Meanwhile, the Ekiti State Attorney General and Commissioner for Justice, Wale Fapohunda, on Tuesday called for comments from members of the public on the bill for the enabling law for the establishment of Amotekun corps.

Fapohunda said the state Ministry of Justice posted the bill on its website on Monday to enable Ekiti residents and other stakeholders to view it and make comments.

The AG said “Deadline for the submission of comments is Wednesday, 12 February, 2020, at midnight.

The bill, which the AG presented to the state governor, Dr Kayode Fayemi, on Monday, will be discussed at the State Executive Council on Wednesday (today).

The ministry stated that Amotekun Corps would also “ensure that all persons travelling along the highways, major roads, remote areas, are free to participate in their normal social and economic life without hindrance” and as well “assist the police to carry out any other lawful activity for maintaining law and order in the state”.

However, the Osun State House of Assembly says it has not officially received the bill for Amotekun.

The Speaker, Timothy Owoeye, said this on Tuesday. Speaking through his Press Secretary, Kunle Alabi, Owoeye said the parliament was however expecting the bill “any moment from now.”

But one of our correspondents learnt Osun State Executive Council extensively discussed the bill in its weekly meeting on Monday.

In the same vein, the Oyo State House of Assembly said on Tuesday that the bill on Amotekun was being expected to be transmitted to the House from the executive, adding that the passage of the bill would be prioritised.

The Deputy Speaker, Oyo State House of Assembly, Abiodun Fadeyi, said, “In Oyo State, the transmission of the bill from the executive arm to the state assembly should happen in due course. We still have between now and 12pm on Friday before we can say that the bill fails to arrive as scheduled.”

Also, the Ondo State House of Assembly has declared that it was in support of the Operation Amotekun security outfit in the South-West, but it had not received the bill to legalise it from the executive.

The Attorney-General and Commissioner for Justice, Mr Kola Olawoye, had earlier said the report of the bill had been presented to the governor after which it would be sent to the State Executive Council for deliberation and approval and thereafter it would be sent to the House of Assembly.

The House Committee Chairman on Information, Mr Gbenga Omole, however, said the House was on recess and had not received any bill from the state governor.

Omole said, “We are currently on recess and we will resume on February 24 ( 202 but in spite of that we are yet to receive the bill as I am talking to you now (Tuesday).”

Assault of Amotekun Officers Will Attract N250,000 fine or jail term
Assaulting an Amotekun officer will attract a fine of N250,000 or a prison term of one month or both.
However, an Amotekun officer cannot be sued for whatever he does in the course of duty but only what he does in his personal capacity.
This is according to the Ekiti State Security Network Agency Bill 2020 which has been submitted to the Ekiti State House of Assembly.

Other South-West governors have submitted similar bills to their respective houses of assembly.

Section 36 of the bill states, “Any person who willfully hinders, delays, obstructs or assaults a member of the Ekiti State Amotekun Corps in the course of the exercise of his lawful duties under this law shall be guilty of an offence and liable on conviction to imprisonment for a term of one month or to a fine not exceeding two hundred and fifty thousand naira only (N250,000.0 or to both such fine and imprisonment.”

The bill further states that the security organisation must be headed by a retired law enforcement agent who is not lower than the rank of Major or its equivalent in any other security agency.
Section 14 reads in part, “There shall be appointed by the governor, a corps commander for the agency, who shall be a retired law enforcement officer or military officer not below the rank of a major or its equivalent in other security services.

“The corps commander shall be a person with at least 10 years cognate experience in security matters; (b) be responsible for the day-to-day running of the affairs of the Ekiti State Amotekun Corps and implementation of the decisions of the board; (c) hold meetings with his counterparts in other states, particularly Ogun, Lagos, Ondo, Osun and Oyo states on a quarterly basis or as may be collectively determined by the corps commanders in those dates.”

The bill also provides for the establishment of an Amotekun board which is expected to meet not less than four times a year.

The bill will comprise the Commissioner of Police in the state and representatives of other military representatives.

Section 6 reads in part, “There is established for the agency a governing board (referred to in this law as the board). The board shall comprise: a chairman, who shall be a person of proven integrity with experience in security matters and shall be a retired law enforcement or military officer not below the rank of a Major or its equivalent in the other security services; the commissioner of police in the state or his/her representative; one member representing the different services of the Armed Forces of Nigeria operating in the state; the state commandant of the Nigeria Security and Civil Defence Corps in the state or his/her representative; the Executive Secretary, Ekiti State Security Trust Fund or his/her representative; one representative each of the Community Development Associations drawn from the three senatorial zones the state; the Chairman, Ekiti State Council of Traditional Rulers or his representative; the Ekiti State Amotekun Corps Commander.”

Meanwhile, the Ekiti State Attorney General and Commissioner for Justice, Wale Fapohunda, on Tuesday called for comments from members of the public on the bill for the enabling law for the establishment of Amotekun corps.

Fapohunda said the state Ministry of Justice posted the bill on its website on Monday to enable Ekiti residents and other stakeholders to view it and make comments.

The AG said “Deadline for the submission of comments is Wednesday, 12 February, 2020, at midnight.

The bill, which the AG presented to the state governor, Dr Kayode Fayemi, on Monday, will be discussed at the State Executive Council on Wednesday (today).

The ministry stated that Amotekun Corps would also “ensure that all persons travelling along the highways, major roads, remote areas, are free to participate in their normal social and economic life without hindrance” and as well “assist the police to carry out any other lawful activity for maintaining law and order in the state”.

However, the Osun State House of Assembly says it has not officially received the bill for Amotekun.

The Speaker, Timothy Owoeye, said this on Tuesday. Speaking through his Press Secretary, Kunle Alabi, Owoeye said the parliament was however expecting the bill “any moment from now.”

But one of our correspondents learnt Osun State Executive Council extensively discussed the bill in its weekly meeting on Monday.

In the same vein, the Oyo State House of Assembly said on Tuesday that the bill on Amotekun was being expected to be transmitted to the House from the executive, adding that the passage of the bill would be prioritised.

The Deputy Speaker, Oyo State House of Assembly, Abiodun Fadeyi, said, “In Oyo State, the transmission of the bill from the executive arm to the state assembly should happen in due course. We still have between now and 12pm on Friday before we can say that the bill fails to arrive as scheduled.”

Also, the Ondo State House of Assembly has declared that it was in support of the Operation Amotekun security outfit in the South-West, but it had not received the bill to legalise it from the executive.

The Attorney-General and Commissioner for Justice, Mr Kola Olawoye, had earlier said the report of the bill had been presented to the governor after which it would be sent to the State Executive Council for deliberation and approval and thereafter it would be sent to the House of Assembly.

The House Committee Chairman on Information, Mr Gbenga Omole, however, said the House was on recess and had not received any bill from the state governor.

Omole said, “We are currently on recess and we will resume on February 24 ( 202 but in spite of that we are yet to receive the bill as I am talking to you now (Tuesday).”

Ighalo Set To Feature United squad for Chelsea clash
Manchester United forward Odion Ighalo will be in the squad for Monday’s Premier League game at Chelsea, says manager Ole Gunnar Solskjaer.
Ighalo missed the club’s training camp in Spain due to fears the coronavirus outbreak may have led to him being refused entry back into the UK.
The Nigerian, 30, joined United on loan from Shanghai Shenhua on 31 January.

“We want to integrate him as quickly as we can because he is desperate to play for us,” Solskjaer said.
“He is going to travel with us [to Stamford Bridge]. We will just see on his fitness work this week and I think we will get him sharp.”

The former Watford forward moved to the Chinese Super League in 2017, first with Changchun Yatai.

After two seasons he moved to Shanghai Shenhua and has scored 10 times in 19 games.

Ighalo’s form for his country has been impressive, finishing as top scorer in African Cup of Nations qualifying with seven goals, before scoring five at the tournament during the summer
owever, he last played on 6 December, when he came on as a substitute in Shanghai Shenhua’s 3-0 victory over Shandong Luneng in the Chinese FA Cup final.

Ighalo Set To Feature United squad for Chelsea clash
Manchester United forward Odion Ighalo will be in the squad for Monday’s Premier League game at Chelsea, says manager Ole Gunnar Solskjaer.
Ighalo missed the club’s training camp in Spain due to fears the coronavirus outbreak may have led to him being refused entry back into the UK.
The Nigerian, 30, joined United on loan from Shanghai Shenhua on 31 January.

“We want to integrate him as quickly as we can because he is desperate to play for us,” Solskjaer said.
“He is going to travel with us [to Stamford Bridge]. We will just see on his fitness work this week and I think we will get him sharp.”

The former Watford forward moved to the Chinese Super League in 2017, first with Changchun Yatai.

After two seasons he moved to Shanghai Shenhua and has scored 10 times in 19 games.

Ighalo’s form for his country has been impressive, finishing as top scorer in African Cup of Nations qualifying with seven goals, before scoring five at the tournament during the summer
owever, he last played on 6 December, when he came on as a substitute in Shanghai Shenhua’s 3-0 victory over Shandong Luneng in the Chinese FA Cup final.

Ighalo Set To Feature United squad for Chelsea clash
Manchester United forward Odion Ighalo will be in the squad for Monday’s Premier League game at Chelsea, says manager Ole Gunnar Solskjaer.
Ighalo missed the club’s training camp in Spain due to fears the coronavirus outbreak may have led to him being refused entry back into the UK.
The Nigerian, 30, joined United on loan from Shanghai Shenhua on 31 January.

“We want to integrate him as quickly as we can because he is desperate to play for us,” Solskjaer said.
“He is going to travel with us [to Stamford Bridge]. We will just see on his fitness work this week and I think we will get him sharp.”

The former Watford forward moved to the Chinese Super League in 2017, first with Changchun Yatai.

After two seasons he moved to Shanghai Shenhua and has scored 10 times in 19 games.

Ighalo’s form for his country has been impressive, finishing as top scorer in African Cup of Nations qualifying with seven goals, before scoring five at the tournament during the summer
owever, he last played on 6 December, when he came on as a substitute in Shanghai Shenhua’s 3-0 victory over Shandong Luneng in the Chinese FA Cup final.