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Africa Richest man, Aliko Dangote said he has no residential property outside Nigeria.Are you shocked? He told journalists durning an interview session. Read the story in full courtesy Leadership newspaper. Africa’s richest man and foremost business mogul, Alhaji Aliko Dangote, has disclosed that despite his wealth, he has no residential property outside Nigeria. Dangote, whose 2015 net worth was put at $21.6billion, according to Forbes, also revealed how the late Chief M. K. O. Abiola discouraged him from

  President Goodluck Jonathan's close associate, Kola Adeshina just bought a multimillion Naira mansion in Ikoyi. Adeshina is a Nigerian millionaire and MD of Sahara Power,a major electricity distribution company in Nigeria.    Kola Adeshina (second left) and others   Following the privatization process, Kola Adeshina's Sahara Power acquired Ikeja Electricity Distribution Company, the largest distribution network in the country.Sahara is also in charge of Egbin Power Station, the largest power generation plant in partnership with a Korean company.  The Ikoyi mansion,which according to The Capital is in Osbourne Estate, is a wonder on earth.It is said to have cost him several millions of Naira.   Those who know the cost of property in prime areas in Ikoyi will tell you that if you are not super rich, you should just forget it.

    President Jonathan Goodluck has less than a month to rule Nigeria. Mohammadu Buhari will formally take over after the May 29 inauguration in Abuja.I don't know if Forbes  see this coming to past,but i can humbly predict that the country will definitely produce a new set of billionaires.  The new government will bring on

   Aliko Dangote is not just the richest african alive, he is the richest man of all times.in a recent article published by Forbes on its website, Dangote's profile appeared as the first African businessman and billionaire to reach the $20 billion line.

Like you all already know, Sunday, May 27, 2012 is the D-day all roads would be leading to the Harbour Point Event Centre, Wilmot Road, Victoria Island. On that day by 2P.M, what has taken all of 35 years to plan and to make happen would finally be seen by 800 guests only. Those lucky enough to gather to watch 2 of the biggest musical legends of our time play in the persons of Chief Commander Ebenezer Obey and King Sunny Ade, would be

   Mr. Bassey, a character in Basi & Company, a tele-comedy series on TV (written and produced by late Ken Saro Wiwa) was fond of the statement "To be a millionaire, think like a millionaire). Don't just think like a millionaire or billionaire, read about them as much as you can. Below is one of such report that you should digest.lol Carlos Slim, the telecommunications tycoon who controls Mexico's America Movil SAB (AMXL) , is the richest person on Earth, according to the Bloomberg Billionaires Index , a daily ranking of the world's 20 wealthiest individuals. The 72-year-old's net worth fell $478.4 million in a day to $68.5 billion as of the close of markets on March 2, as U.S. moguls Bill Gates and Warren Buffett placed second and third on the list compiled by Bloomberg News. Brazil's Eike Batista , who ranks 10th, still covets the top spot after vowing a year ago that he'd become the world's wealthiest man by 2015. "I'm comp...

By Adelani Adepegba Diamond Bank Plc has begun moves to declare an oil magnate, Mr. Emeka Offor, bankrupt following an alleged N2bn debt owed by his company, Chrome Oil Services. According to a document obtained by SUNDAY PUNCH, the bank had granted a series of loans to Chrome oil which amounted to N750m, but the firm defaulted in the payment of the facility which had accrued to over N2bn by December, 2011. Investigations further showed that the oil firm allegedly reneged on its promises to pay the loan contrary to the agreement it entered with the bank, before it was granted the facility. According to the bank, after repeated demands to pay the debt, then in excess of N1.3bn, the company in October, 2006 made a proposal to the bank to pay N750m as final settlement within 12 months, through monthly instalments of N62.5m with effect from December, 2010. "The bank accepted the offer on the condition that if the company failed to abide by the monthly payment agre...

  The Economic and Financial Crimes Commission (EFCC) last week arrested and briefly detained Wale Babalakin, a Lagos-based businessman, on charges of facilitating money laundering by former Governor James Ibori of Delta State. The EFCC detained Mr. Babalakin overnight last Saturday and subsequently granted him administrative bail. A source close to suspect, a lawyer whose company owns the new wing of the Ikeja domestic airport, told SaharaReporters that Mr. Babalakin was “shaken when the EFCC came for him,” adding that the businessman quickly contacted his political sponsors to arrange his “administrative” release. When SaharaReporters called EFCC spokesperson, Wilson Uwujaren, he confirmed that the anti-corruption agency arrested Mr. Babalakin and detained him

[caption id="attachment_6668" align="alignleft" width="426" caption="Mrs. Folashade Okoya"] [/caption] By Niyi Tabiti Top socialite and industrialist, Chief Rasaq Akanni Okoya and his wife, Folashade have awarded schorlaships to 40 less priviledged students in tetiary institutions in Lagos State. Folashade Okoya said the schorlaship scheme is part of her husband's vision to empower youth through education.She noted that her husband, who is the Chairman of Eleganza Group of Companies,RAO Property and other business concerns has been a great supporter of the educational sector through his philantropic gestures. He has been helping a lot of indigent students, he has also donated books and given support to various schools in the past.The students would get N100,000 each. Before now,the Okoya's are known to host some of the most flamboyant parties in town. Only few people in Nigerian can out do the Okoyas when it come to hosting parties. Click...

Nigeria billionaire, Mr. Jimoh Ibrahim has bought Newswatch magazine company. The oil magnate who is well connected within and outside the ruling Peoples Democratic Party recently held a meeting with members of staff of the company and he told them that he wont tamper with their editorial contents, rather his dream is to ensure that money is pumped into the company so that the publication can run smoothly.Gistmaster gathered that under the new arrangement, Mr. Ibrahim will among other things pay off the 7 months salaries being owed staff.  Newswatch was founded in the 80s by late Dele Giwa, Ray Ekpu and others. The magazine used to parade notable Nigerians such as Chief Tony Momoh, Otunba Mike Adenuga and Chief Alex Akinyele as directors.Newswatch was used as a platform to fight the tyranny and oppressive government of the  military at that time.    Newswatch magazine Editor in Chief in 1986, Mr. Dele Giwa was killed in a letter bomb attack, which many considered...

[caption id="attachment_4797" align="alignleft" width="247" caption="POLICE IG, HAFIZ RIGIM"] [/caption] By Gistmaster.com Unbelievable as the story seems to be, It is one of the most guided secrets in town at the moment. Nobody believe that the handsome son of one of Nigeria's richest men could be involved in such transaction problem. The young man who is regarded as one of the most eligible bachelors in Nigeria works with his father's telecom company as a top executive. According to news at the disposal of gistmaster.com, the young man was alleged to have reneged on his promise involving a business deal. The other fellow who felt cheated by the billionaire's son had to report him to a special anti- fraud unit of the Nigeria Police Force. Those who think that the man was too much  for police arrest were shocked when he was contacted, invited and interrogated by the men of the Nigerian Police Force. He was later rescued by his father ...

[caption id="attachment_4742" align="alignleft" width="219" caption="Niyi Adewunmi"] [/caption] By Nyi Tabiti Niyi Adewunmi, the ever bubbling businessman and close pal of Otunba Mike Adenuga, the Chairman of Globacom , will be having a talk of the town wedding for his son, Niyi Adewunmi Jnr this weekend in Lagos. Gistmaster.com gathered that the church service would hold inside Parkview estate, Ikoyi,followed by a  reception  at Lagoon Restaurant on Ozumba Mbadiwe road, Victoria Island. For a social commander of his calibre, nothing will fall short of maximum enjoyment as choice wines and food will be more than enough for the guests. Expectantly, the who is who in Nigeria A- list social  circuit are also expected to be at the wedding tomorrow. At the 2009 wedding of his daughter, Olsusola Adewunmi Oladiti in late 2009, it was a huge turnout of celebrities and trendsetters.  

By Gistmaster.com Femi Otedola, a 43 years old Nigerian businessman once listed as one of the richest billionaires in the world (2009) by Forbes is in the eye of financial storm over the  monumental debt he owes five banks in Nigeria. The total debt of Mr. Otedola, the chairman of Zenon Oil is about 168 Billion Naira (Over 1 billion US dollars) as at December 2010. A quick break down of the debt portfolio shows that Otedola and his companies are owing with Zenith Bank N68 Billion, while the one of GTBank is  stood at almost 31 Billion Naira, FCMB says Otedola is owing close to 19 Billion Naira while that of Access Bank Stood at N15.526 Billion Naira. The one of UBA reads N36.862 Billion. gistmaster.com learn that some of the banks are always making moves to take over his property in highbrow Victoria Island, Ikoyi,Abuja, Port Harcourt and other places. The shares also use as collateral for the loan will also go into it. At the moment, the total asset used as security for the debt is sa...

[caption id="attachment_3108" align="aligncenter" width="286" caption="DAKORE EGBUSON"] [/caption] By Niyi Tabiti Just as Nollywood and Nigerian socialites are looking forward to the wedding of Nollywood actress, Dakore Egbuson and Olumide, son of Africa billionaire, Chief Harry Akande on Sunday 16 January 2010, many people are already looking forward to their designer clothes,posh automobiles, make up artist and so on Gistmaster.com sources hinted that the bridal make up of the bride would be handled by celebrity make up artist, Bayo Haastrup of Ijade Egbin. Haastrup is one of Nigeria's leading make up artists and he has handled several jobs at local and international levels. Haastrup is a veteran in the business and many people are comfortable with his work.He would work towards giving Dakore the super look that every bride  desire on their wedding day. For event planning, Funke Bucknor- Obruthe the Chief planner of  Zapphire events have be...