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Dangote’s Net Wealth Doubles to $28bn on New Refinery 

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Nigerian billionaire and Chief Executive Officer of Dangote Refinery, Aliko Dangote, has seen his net worth double to $28 billionollowing the commencement of operations at his long-anticipated oil refinery.

As reported by the Bloomberg Billionaires Index on Thursday, the launch of Nigeria’s highly anticipated oil refinery, now fully operational, has substantially boosted the wealth of the nation’s industrial magnate.

Dangote’s refinery, situated within the Lekki Free Trade Zone in Ibeju-Lekki, Lagos, stands as the world’s largest single-train oil refinery and one of the most advanced, with the capability to process a wide range of global crude oil types.

“It has the potential to transform Nigeria’s economy by making the country self-sufficient in fuel production. And it has more than doubled his net worth to $27.8 billion,” stated Bloomberg.

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Expectations are high, with reports suggesting the refinery is set to reshape Nigeria’s energy sector by producing refined petroleum products domestically, potentially ending the country’s dependence on fuel imports.

Analysts predict Dangote’s wealth could grow even further in the coming months.

As the refinery ramps up production and expands its portfolio of refined products, Dangote is poised to dominate Nigeria’s fuel market, with plans to export a portion of the output to other African nations.

At 67, Dangote has built most of his wealth through his 86 per cent stake in Dangote Cement, a company valued at over $9 billion, with operations in ten African countries.

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In addition to cement, the Dangote Group has interests in sectors such as food production, fertilisers, and real estate.

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Ooni’s Ex- Wife, Naomi, 7 Others, In Trouble As 35 Kids Killed In Oyo Stampede

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The Oyo State Police Command has confirmed the arrest of Prophetess Naomi Silekunola, the estranged wife of the Ooni of Ife, Oba Adeyeye Ogunwusi, and seven others for the Christmas party tragedy in Ibadan, Oyo State.

The police also in a statement by SP Osifeso Adewale, added that 35 children had been confirmed dead so far with six others critically

Recall that Agidigbo FM, a prominent private radio station, disclaimed involvement in the ill-fated children’s festive party that tragically resulted in multiple deaths on Wednesday morning in Ibadan, Oyo State capital.

SaharaReporters earlier broke the news about how tragedy struck on Wednesday morning at the Islamic High School in Bashorun, Ibadan when a stampede occurred during a children’s Christmas party.

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The station’s management clarified they were not sponsors or organisers of the event, contrary to initial reports. It identified the organiser as WINGS (Women In Need Of Guidance and Support), whose founder is Queen Naomi Silekunola Ogunwusi, the ex-wife of the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi.

Eyewitnesses report that many children were trampled in the chaos, with several others injured.

Meanwhile the police statement said, “Sequel to the stampede incident recorded on Wednesday 18/12/2024 at the Islamic High School, Basorun, Ibadan venue of the family event Organized by Wings Foundation and Media partners Agidigbo FM, the Oyo State Police Command wishes to inform the good people of the State that (8) Persons have since been arrested for their various involvements.

“These persons include the main event sponsor, Prophetess Naomi Silekunola ’f’ age 31yrs, Fasasi Abdulahi, ’m’ age 56yrs (School Principal Islamic High School, Ibadan), Genesis Christopher, ’m’ age 24yrs, Tanimowo Moruf,’m’ age 52yrs, Anisolaja Olabode, ‘m’ age 42yrs, Idowu Ibrahim, ‘m’ age 35yrs and Abiola Oluwatimilehin, ’m’ age 25yrs.

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“So far (35) Thirty-Five Minors have been documented Dead while (6) Six others are critically injured and on various Medical Interventions.

“In furtherance of the above, the case has since been transferred to the Homicide Section of the State Criminal Investigation Department, Iyaganku with the Deputy Commissioner of Police in charge leading the investigations.

“So also, residents around the axis are advised not to panic as they would witness high level patrols and visible Police presence to prevent hoodlums from taking advantage of the unfortunate situation.

“Finally, the Oyo State Police Command sympathizes with all the families and loved ones affected by the tragedy and assures the good people of the State that Justice will be served accordingly.”

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Rashford leaving Man United could bring him to form-Keane

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Roy Keane believes leaving Manchester United could do Marcus Rashford the “world of good” as he fears the forward will never regain his hunger at Old Trafford.

Rashford’s future appears to be in the balance after the 27-year-old, a product of United’s youth system, was left out of the Manchester derby.

United won 2-1 at Manchester City on Sunday, with Rashford telling journalist Henry Winter on Tuesday that he was “ready for a new challenge and the next steps”.

“I don’t mind what he said. I think it’s spot on,” former United captain Keane told the Stick to Football podcast.

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“Sometimes a deal just works for everybody. It’s been going on for a year or two now, there’s obviously a bit of talent in there, he’s been at the club since he was a kid.

A change would probably do him the world of good, for him and his team and his family. Just go and play, maybe go abroad or whatever it might be.”

Rashford’s current contract at Old Trafford runs until 2028 and although he has been linked to several other clubs, United manager Ruben Amorim is keen for the England forward to stay.

But Keane said: “I always think if you lose that hunger, it is hard to get it back.

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“Forget about the few bob (pounds) he’s earned over the years — and listen, good for him — but we know, the great players, it’s nothing to do with that.”

Keane added that leaving United could revive Rashford’s “real hunger” for on-field success.

“I think there’s a good chance he might get it back with a change of a club and scenery, a new country, a new league, whatever, but I don’t think he’ll get it back at United.”

Amorim, talking to reporters ahead of Thursday’s League Cup quarter-final at Tottenham, urged Rashford to “speak with the manager” rather than air his grievances publicly.

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Rashford has scored 138 goals in 426 appearances for the club since making his senior debut in 2016.

However, he has lost form over the last 18 months with United and was also axed from England’s Euro 2024 squad.

Rashford has scored just 15 goals in 67 appearances since signing a lucrative new contract 18 months ago, with speculation over his future increasing in recent days.

The forward, who was absent from training on Monday through illness, is set to miss the League Cup quarter-final at Spurs.

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Amorim is keen to keep Rashford but he admitted he would have handled the situation differently when he was a player.

“If this was me, probably I will speak with the manager,” he told reporters on Wednesday. “But, guys, let’s focus on Tottenham. Tottenham is the most important thing.”

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Wike revokes Abuja lands of Buhari, Akume, Abbas, others

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The Minister of the Federal Capital Territory (FCT) has revoked lands belonging to former President Muhammed Buhari, the Speaker of the House of Representatives, Tajudeen Abbas; and the Secretary to the Government of the Federation, George Akume.

Also, 759 other prominent figures and organisations in Maitama II, Abuja. were also affected by the revocation which was for non-payment of Certificate of Occupancy.

This was contained in a publication by the FCT Administration and made available to Channels Television by the Special Adviser to the FCT Minister, Lere Olayinka.

In a separate publication, the minister also threatened to revoke lands belonging to the Minority Leader of the House of Representatives, Kingsley Chinda; former presidents of the Senate, Iyorchia Ayu and Ameh Ebute; the Chief Whip of the Senate, Tahir Monguno; and 610 others for outstanding fees owed to the FCTA for certificate of occupancy not paid within two weeks.

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This revocation by the minister comes months after he made several pleas to residents of the FCT, particularly those residing in hybrid areas of the nation’s capital, to pay outstanding fees owed to the FCTA or risk revocation of their lands.

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