Without question, Adenuga should be the richest.
He has his fingers sooo deep in the three most lucrative sectors of the economy- Oil & Gas(upstream), Telecoms and Banking! That's deep!
Dangote on the other hand is basically a trader.(no disrespect intended)

The reason Adenuga is not on Forbes is simple- no PLCs. Forbes basically makes assessments based on quantifiable wealth and for Nigeria they make do strictly with stock values.
Otedola is on the list this year because of his shares in AP. Zenon was probably barely taken into consideration!

Depilot:


Without question, Adenuga should be the richest.
He has his fingers sooo deep in the three most lucrative sectors of the economy- Oil & Gas(upstream), Telecoms and Banking! That's deep!
Dangote on the other hand is basically a trader.(no disrespect intended)

The reason Adenuga is not on Forbes is simple- no PLCs. Forbes basically makes assessments based on quantifiable wealth and for Nigeria they make do strictly with stock values.
Otedola is on the list this year because of his shares in AP. Zenon was probably barely taken into consideration!

afam4eva:

Who cares, as long as he's not inthe list then he's not the richest.

chidichris:

this is just forbes list.
any list that does not have the likes of obj, babangida, odili, tony annenih, atiku is not a complete list as long as nigerian rich men are concerned.

chidichris:

this is just forbes list.
any list that does not have the likes of obj, babangida, odili, tony annenih, atiku is not a complete list as long as nigerian rich men are concerned.

samparian:

They will be named when Forbes decides to issue a list of  SUCCESSFUL THEIVING politicians
if they are not on such a list, then something is wrong

See how many Hausa, Yoruba, Ibo and Igbo on this list. This makess me wonder which group really wears the productivity crown in Nigeria.

It is the lesson of life for our kids. They must draw from the wisdom of the ancients. Education is not all about going to school. It is the totality of human experience and existence. I learnt another great lesson from the life of Dr Mike Adenuga Jnr. I used to wonder why the man was so elusive. He does not indulge in the usual socializing that is so common in our land. He's very quiet, but focus and extremely successful. He’s at his desk longer than any human being I know. He personally supervises all his businesses, and takes the glory for the successes, and the blame for the failures. I was told the near-reclusive man understands our kind of society too well. He’s faced too many disappointments in life, and he had to learn how to dodge the many vampires that claim to be your friends. Today, his unusual lifestyle has paid off for him. His companies are liberating Africans the world over.

how many of these so called rich men has billions of dollars in bank loans dangling over their heads unpaid, both in their business name and on their name, and yet you list them here as tem richest people in Nigeria- remove their bank loans and you will see that they are not as rich as you are claiming here.

i_laugh:

how many of these so called rich men has billions of dollars in bank loans dangling over their heads unpaid, both in their business name and on their name, and yet you list them here as tem richest people in Nigeria- remove their bank loans and you will see that they are not as rich as you are claiming here.

Lagosboy:

The list is just the wishful imagination of the poster.

Cecila Ibru works for her husband and the ibru family.

Some publication (may be City People, I cannot remember) about three years ago revealed Mike Adenuga (Jr.) to be wealthier than Dangote.

Jarus:


By the way, can anyone please tell me why Jim Ovia is rated that high? Does he have more than Zenith, and lately Visafone?

RichyBlacK:

A cacophony of armchair connoisseurs of the wealthy, properly biased by their preconceived agendas of who should be on what list. Their hypocrisy is firmly exposed by their questioning of some names on this list but happy with the ranking of others. They prefer Encomium's list to Forbes' because they claim Forbes' list is "incomplete". In essence, they believe Forbes' list is not inclusive enough and Encomium's list is too inclusive. The truth is that no list will satisfy those who view lists of "richest Nigerians" vicariously, with their parochial biases and prejudices.

I find it laughable that any Nigerian is interested in the names of people who have, for the most part, made their wealth through the manipulations of supporters in the string of Nigeria's failed governments. Most of these "richest men" are greedy imbeciles whose cronies in government have used corrupt means to guarantee profits for their buddies. In this foolish drama, the laughable tragedy is that these same admirers of wealthy criminals will throw all manner of aspersions on the known cronies of these criminals. Names like Babangida, Abacha and Obasanjo will make them revolt in disgust and scream "corrupt Nigerian leaders", but names like Dangote, Otedola and Adenuga make them smile with stupid pride and shout "these Nigerians are putting us on the global map of billionaires". They find it all too easy to dissociate the "wealthy criminals" from their coconspirators that have institutionalized corruption in Nigeria and ensured that Nigeria remains one of the most corrupt, poverty-stricken, dangerous, failed states on the planet!

Thank you jare, the people that are listed made their money legitimately.