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Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion - Business (5) - Nairaland

Nairaland Forum / Nairaland / General / Business / Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion (47381 Views)

Mike Adenuga Net Worth Hits $7.4 Billion, Becomes Nigeria’s Second Richest / Abdulsamad Rabiu Gives Emir Of Kano, Aminu Ado, A N200M Worth Rolls Royce Car / Bernard Arnault Replaces Bill Gates As World’s Second Richest Man (2) (3) (4)

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Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Myer(m): 7:59am On Jan 07, 2022
Cognitivereason:


Loud?...yes.

Empty?..lol...

The average southerner is a middle class and rich type yet they don't boast extreme rich billionaires....the average southern is loud because he/she has something to show for it...
The north or the other hand have 87% of it population in extreme poverty...let me repeat it....extreme poverty!!.. But ironically have two record breaking billionaires...
Compare both regions and receive sense

The north has both extremes.
The richest in Nigeria and the poorest in Nigeria.
Just like their weather. Extreme heat and extreme cold.

4 Likes 2 Shares

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Lightorder: 8:00am On Jan 07, 2022
princeade86:
Congratulations to the two abokis. Na adenuga dey waste him money on yeyebritie ontop useless network. The money his wasting, he should have use it to better his network. If ur network is good, u don't need much advert like glo. Every channels, na glo advert.
I have been reasoning it
Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Lightorder: 8:03am On Jan 07, 2022
hatchy:
This is a Northern Nigeria Billionaire. All they do for their brothers like Dangote, Indimi and the rest is to grant them tax free on imported raw materials, machinery etc. that is supposed to be used to develop the economy.
Upon their wealth, North is the poverty capital of Nigeria. A serving governor from the North once said that the Northern cap represents poverty. If you see the cap,you have seen poverty. He also said that it is only in the North you still have mud houses in Nigeria.

Meanwhile, I have never seen Billionaire from the South East. Perhaps all they have are plenty millionaires. Don't count the owners of Air peace, Innoson as Billionaires because their money is borrowed from banks and hire purchase aircraft. Although Igbo dey try sha pass Ndi skullers in South West.
oga, you are still living under the rock o. Show me any business billionaire and I will show you huge bank loans . Dangote leading the pack

2 Likes 1 Share

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Jalaw: 8:05am On Jan 07, 2022
Poverty in the North is beyond measure, I can recall my NYSC camp stay in Jigawa state. You go see full grown adults/almajiri in their good numbers come inside camp come follow struggle food meant for corpers at every meal time, their leaders are evil, it was pathetic.
hatchy:
This is a Northern Nigeria Billionaire. All they do for their brothers like Dangote, Indimi and the rest is to grant them tax free on imported raw materials, machinery etc. that is supposed to be used to develop the economy.
Upon their wealth, North is the poverty capital of Nigeria. A serving governor from the North once said that the Northern cap represents poverty. If you see the cap,you have seen poverty. He also said that it is only in the North you still have mud houses in Nigeria.

Meanwhile, I have never seen Billionaire from the South East. Perhaps all they have are plenty millionaires. Don't count the owners of Air peace, Innoson as Billionaires because their money is borrowed from banks and hire purchase aircraft. Although Igbo dey try sha pass Ndi skullers in South West.

1 Like 1 Share

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by SmartMen: 8:31am On Jan 07, 2022
Senomi:
OLE!!!
After evading tax ( courtesy of the FG) and underpaying workers, even writing petitions to FG so his competitors will be pushed out of the way ( E.g ibeto cement)...... And his co- criminal ned nwoko who fish braindead nigerians are praising and worshipping without questioning the source of his wealth not knowing his net worth was acquired through loot and corruption, at the end he's squandering nigerians money by marrying underage girls and disposing his brownish grey watery sperm on their faces and hypnotizing them with private jets and lamborghini aventador...... rubbish!
That is Dangote... not this man. Dangote even wanted to chase him out of business too cos that is his style.

This man is even more accommodating than Dangote, very welcoming. Has more philantropic projects in the South. Donated heavily to the South East a few months back... October or a month before that.

I like him more than Dangote.

3 Likes

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by SocialJustice: 8:32am On Jan 07, 2022
hatchy:
This is a Northern Nigeria Billionaire. All they do for their brothers like Dangote, Indimi and the rest is to grant them tax free on imported raw materials, machinery etc. that is supposed to be used to develop the economy.
Upon their wealth, North is the poverty capital of Nigeria. A serving governor from the North once said that the Northern cap represents poverty. If you see the cap,you have seen poverty. He also said that it is only in the North you still have mud houses in Nigeria.

Meanwhile, I have never seen Billionaire from the South East. Perhaps all they have are plenty millionaires. Don't count the owners of Air peace, Innoson as Billionaires because their money is borrowed from banks and hire purchase aircraft. Although Igbo dey try sha pass Ndi skullers in South West.
You
Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Onuoha1234(m): 8:33am On Jan 07, 2022
What about it.The richest man in a starving country.The richest men in the wo=ld are all in THE USA where all human needs are provided.Give us this day our daily bread.Dollar is not edible.
.
Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by adamsmith914: 8:41am On Jan 07, 2022
Onuoha1234:
What about it.The richest man in a starving country.The richest men in the wo=ld are all in THE USA where all human needs are provided. Give us this day our daily bread.Dollar is not edible.
.
I remember when I got to Los Angeles for the 1st time, from LAX to downtown, never seen soo many homeless people in my life, & I ain’t even talking of skid row.

Quite obvious you are a blind kid in the mind living in an illusion?

3 Likes 1 Share

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by BestRicePlug28(f): 8:47am On Jan 07, 2022
haslaw:


Ndi nkporu miri cannibals and hate are like 5&6.
You Igbo carnivals always allow hate to rule you all the time
South East is the headquarters of poverty in Nigeria. Go and look at facts. Kano state alone can buy all the south east states.

The only thing you Igbo carnivals are good at is in crimes such as
1) nkporu miri
2) Hard drug smuggling
3) Armed robbery
4) baby fact0ry
5) ritualist killings
6) Ucuitic and cultism
7) 419
8 ) making fake and adulterated drugs
Etc

Here are pictures of Enugu, the most developed cities in South East.



Learn to argue without abusing, even the USA has slums too,

2 Likes

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Iro1989(m): 8:47am On Jan 07, 2022
Elbinawi:
Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion - Business - Nairaland

"BUA Foods Plc, one of the closely held businesses of Nigerian billionaire industrialist Abdul Samad Rabiu, completed the listing of its shares on the Nigerian Exchange on Wed., Jan. 5, after it received the requisite approvals from the regulatory authorities."

"Consequently, the net worth of Rabiu, the majority owner of one of Africa’s fastest-growing cement makers, BUA Cement, rose by nearly $1.9 billion to $7.2 billion thanks to the valuation of BUA Foods. His current net worth eclipsed the $6.6-billion wealth valuation of Nigerian telecom mogul Mike Adenuga."

Me:

To my Foreign Friends, Abdulsamad Rabiu is also from Kano state like Aliko Dangote, the richest Black man on earth.

I will still call out the Kano Billionaires to do more to uplift the standard of Education in Kano state and return the more than one million Out-of-school Children in Kano state back to school.

#ElbinawiTweets

Guy I love ur tweet. God bless you bro.
Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Dunga2345: 8:49am On Jan 07, 2022
princeade86:
Congratulations to the two abokis. Na adenuga dey waste him money on yeyebritie ontop useless network. The money his wasting, he should have use it to better his network. If ur network is good, u don't need much advert like glo. Every channels, na glo advert.
Good point bro..May God continue to bless your knowledge.
Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Soffyh(m): 8:50am On Jan 07, 2022
grin lol funny o
hatchy:
You are just a small boy still eating from his mother's pot otherwise how can you bring someone like Obi Cubana,Emoney and Ned Woko whose pre occupation is posting trash in the Internet.
So in your little mind Cubana and Emoney are Billionaires. These indomie children sef...

1 Like 1 Share

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by SmartPolician: 9:06am On Jan 07, 2022
ayindejimmy:

Mr Man don't impose your view on others
Else, this forum won't be as intriguing

No way. I won't allow anyone make senseless assumptions here and misinform the general public.
Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by SmartPolician: 9:11am On Jan 07, 2022
CSTRR:

A lot of Igbo men are rich, but sorry, they are not rich as this.

Most are naira billionaires, or dollar millionaires.

The only Igbos closest to dollar billionaires are Jim ovia and Tony elumelu.

That is if it is agreed that they are igbos.


Arthur Eze should be far richer than Jim Ovia. I don't know where to place Tony Elumelu.
Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by LILTJAY: 9:20am On Jan 07, 2022
Verysmart101:


Your problem is Forbes list please.Do u think Igbos showoff just as d north does?
shutup your mouth everybody knows that igbos are the loudest nigerians ...
Igbos like to show off yet they have nothing. .

2 Likes 1 Share

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Nobody: 9:23am On Jan 07, 2022
nedekid:

Ned's money is not from corruption, get your facts right.
Ned litigated and recovered moneys that was refunded to states and local government from the Paris club. He did that based on agreement he will operate on a no win no fee basis. He financed the litigation and won. He got and is currently getting a commission for the Paris club refund.
What ever he chooses to do with his money is nobodies business.
Can he swear on his children's life that a part of his money was not gotten through corruption? Remember he was a senator and currently his net worth as I've heard is $2.3 billion dollars....... Which kind yeye litigation and nonsense agreement did he have FG that he'll be allowed to acquire that huge amount of money? Isn't it nigerians money? That guy is a motherfucking theif!!!! simple and short, if nigeria was a system that works his net worth won't even be up to $500k

1 Like

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Themandator: 9:27am On Jan 07, 2022
princeade86:
Congratulations to the two abokis. Na adenuga dey waste him money on yeyebritie ontop useless network. The money his wasting, he should have use it to better his network. If ur network is good, u don't need much advert like glo. Every channels, na glo advert.


Oga both this man and Dangote are not richer in real terms than Adenuga

The money you read about now is called paper money. It is not in his bank account and will not be even if he decides to sell of the company

Paper money is what stock trader attributes to a company using their valuation and perception of how profitable the business is or ought to be.

He will make money from the shares he listed just once... That is this period that he has pushed it to the public to buy... Once they buy it becomes their property to be sold or kept for div8deneds

1 Like 1 Share

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Themandator: 9:37am On Jan 07, 2022
Senomi:
OLE!!!
After evading tax ( courtesy of the FG) and underpaying workers, even writing petitions to FG so his competitors will be pushed out of the way ( E.g ibeto cement)...... And his co- criminal ned nwoko who fish braindead nigerians are praising and worshipping without questioning the source of his wealth not knowing his net worth was acquired through loot and corruption, at the end he's squandering nigerians money by marrying underage girls and disposing his brownish grey watery sperm on their faces and hypnotizing them with private jets and lamborghini aventador...... rubbish!


Get your facts right

Ned didn't make his money from Nigeria.


He has been based in the UK. He owns the largest black owned law firm in England and Wales. This was as at the age of 40.

His only transaction with Nigeria is this local government Paris issue and he is on the side of the law. He will ultimately get his money back

2 Likes 1 Share

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Nobody: 9:40am On Jan 07, 2022
donforeign:
No wonder dangote dey fear
If na you you no go fear? Dude is treatening to take over food and cement production and may be next would be refining....by then dangote done cash out sha
Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Nobody: 9:42am On Jan 07, 2022
[quote author=SmartMen post=109153550] That is Dangote... not this man. Dangote even wanted to chase him out of business too cos that is his style.

This man is even more accommodating than Dangote, very welcoming. Has more philantropic projects in the South. Donated heavily to the South East a few months back... October or a month before that.

I like him more than Dangote.[/
This guy and dangote both chased ibeto and other businesses out of the market and ended up fighting themselves over whose products should be more superior.

If dangote and bua were into automobile, they would have chased innoson and other auto investors from the country,

If they were involved in the banking sector they would hv chased out almost all the modern banks in nigeria just to make their own thrive......

At the end these two theives and scamming bastards keep churning out inferior goods and underpaying workers...

Both are big theives who wouldn't smell a chance to be who they're now if nigeria was a sane country
Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by leksite120(m): 9:45am On Jan 07, 2022
Verysmart101:


Your problem is Forbes list please.Do u think Igbos showoff just as d north does?
Lol, the king of showoff in the world is Igbo. Everyone knows how u people showoff even small change. Obi cubana for example, Obi is just 80milion dollars worth, and he appears as if he's worth some billions of dollars

3 Likes 1 Share

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Torylanez(m): 9:54am On Jan 07, 2022
Senomi:
OLE!!!
After evading tax ( courtesy of the FG) and underpaying workers, even writing petitions to FG so his competitors will be pushed out of the way ( E.g ibeto cement)...... And his co- criminal ned nwoko who fish braindead nigerians are praising and worshipping without questioning the source of his wealth not knowing his net worth was acquired through loot and corruption, at the end he's squandering nigerians money by marrying underage girls and disposing his brownish grey watery sperm on their faces and hypnotizing them with private jets and lamborghini aventador...... rubbish!

Evidence to this lies or you will taken as a user of mpuru-miri

1 Like

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Nobody: 10:03am On Jan 07, 2022
Themandator:



Get your facts right

Ned didn't make his money from Nigeria.


He has been based in the UK. He owns the largest black owned law firm in England and Wales. This was as at the age of 40.

His only transaction with Nigeria is this local government Paris issue and he is on the side of the law. He will ultimately get his money back

The federal government is a bastard, they'll like behaving like drug addicts!

An individual shouldn't have any dealing with government money, cos that money also belongs to nigerians

whatever percentage they agreed to give ned from paris club refund was bullshit, on a normal level he shouldn't be allowed to have any business with that.

He only allowed himself to be used as a front by FG and blow big big grammar so through him the system can effortlessly loot the money, his percentage and networth is a combination fraud and corruption, and he was also a senator which makes him a certified theif, nothing like bullshit UK firm he acquired 85% of his money through the corrupt system.

Ok so what happened or happening to the paris club refund? No evidence of it's presence in the lives of nigerians

No one especially the igbos are saying anything instead they're all nodding head like lizards and smiling like sheeps cos they're proud of their brother who is a theif, As expected of them.

1 Like 1 Share

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by JayB11(m): 10:10am On Jan 07, 2022
hatchy:
This is a Northern Nigeria Billionaire. All they do for their brothers like Dangote, Indimi and the rest is to grant them tax free on imported raw materials, machinery etc. that is supposed to be used to develop the economy.
Upon their wealth, North is the poverty capital of Nigeria. A serving governor from the North once said that the Northern cap represents poverty. If you see the cap,you have seen poverty. He also said that it is only in the North you still have mud houses in Nigeria.

Meanwhile, I have never seen Billionaire from the South East. Perhaps all they have are plenty millionaires. Don't count the owners of Air peace, Innoson as Billionaires because their money is borrowed from banks and hire purchase aircraft. Although Igbo dey try sha pass Ndi skullers in South West.

With the Mass population in the North, you can never expect wealth to reach the cup of every Northerner. Meanwhile, with the massive wealth in the South, coupled with low population and higher Federal Allocation, the South should have been developed beyond what we see today where untarred and deplorable roads are as much as the number of poor people in the North undecided

2 Likes

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by laskab(f): 10:18am On Jan 07, 2022
Ndi skullers. I laugh in Chinese

hatchy:
This is a Northern Nigeria Billionaire. All they do for their brothers like Dangote, Indimi and the rest is to grant them tax free on imported raw materials, machinery etc. that is supposed to be used to develop the economy.
Upon their wealth, North is the poverty capital of Nigeria. A serving governor from the North once said that the Northern cap represents poverty. If you see the cap,you have seen poverty. He also said that it is only in the North you still have mud houses in Nigeria.

Meanwhile, I have never seen Billionaire from the South East. Perhaps all they have are plenty millionaires. Don't count the owners of Air peace, Innoson as Billionaires because their money is borrowed from banks and hire purchase aircraft. Although Igbo dey try sha pass Ndi skullers in South West.
Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Verysmart101: 10:20am On Jan 07, 2022
leksite120:

Lol, the king of showoff in the world is Igbo. Everyone knows how u people showoff even small change. Obi cubana for example, Obi is just 80milion dollars worth, and he appears as if he's worth some billions of dollars
That's y I said Forbes is ur problem.How can u know Obi's true worth because of a newspaper publication? Social media is different from reality please.Forbes said that dangote is worth $10b but the refinery he is building has surpassed $12b and still counting.Pls grow up man.Not every publication u see in someone's networth is true please

1 Like

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by ariesbull: 10:21am On Jan 07, 2022
Verysmart101:

That's y I said Forbes is ur problem.How can u know Obi's true worth because of a newspaper publication? Social media is different from reality please.Forbes said that dangote is worth $10b but the refinery he is building has surpassed $12b and still counting.Pls grow up man.Not every publication u see in someone's networth is true please
no one will even give you his networth
Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Verysmart101: 10:25am On Jan 07, 2022
LILTJAY:
shutup your mouth everybody knows that igbos are the loudest nigerians ...
Igbos like to show off yet they have nothing. .

Dats y I said ur a kid young man.Do u think Igbos will pay Forbes to deceive Nigerians about their true networth? Ur a kid indeed.Can u tell me the networth of Ibeto,innoson,cosharis,Arthur Eze and co and ur here blabbing? Jeez grow up kid
Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by NOETHNICITY(m): 10:25am On Jan 07, 2022
Chatflick:
Igbo men are richer. Dem no just like dey make noise.
Ibos make the most noise when they are rich
Northerners are much more quite when rich
Imagine Kanayo O Kanayo, how much does he have that he had to go home with convoy of both soldiers and Police

1 Like

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by seunaj: 10:26am On Jan 07, 2022
IGBOSON1:


You understand exactly what's going on!

Few weeks ago MTN and a new kid on the block MAFAB (that emerged out of nowhere) 'won' the bidding for the 5G licence in Nigeria! I immediately suspected that MAFAB was quickly formed by muslim core north oligarchs to equally become a player in the communications sector! You've got to fear these peoples ability to act as one in a bid to control the Nigerian political-economy!

Hardly any of their big businesses grows organically, but are the end result of all these backroom and coded 'arrangements'! See how they suddenly found $2 billion and are laying pipes at breakneck speed to take gas from the south-east to the north. This is a loan all of us will pay back, and bear in mind that the industrial centres of Onitsha and Nnewi are yet to be hooked up to any gas supply! Similar thing is happening with the Maradi rail line that they're borrowing billions of dollars to construct while the south-east and south-south are still waiting for their own!

Any sector they don't control or have a big player in....or one in which they see a southern competitor as a threat (Ibeto) they will use their control of Aso Rock to try to frustrate said compatition out of contention; or....like with Air Peace, they will find a way to launch a publicly owned competition (Nigeria Air) to reduce the market leaders share of the market. They're good at engineering things codedly, so you wouldn't suspect they're involved, and i suspect they had a hand in the saga that led to the removal of Kemi Adeosun and the one that led to the removal of Fowler....both replaced by northerners.....ditto Onnoghen. They don't have a 1st tier bank they control, and i suspect they have a hand in the aquisition of Union Bank by a much smaller new entrant in the finance sector.

They control NNPC, NPA, Customs, Judiciary, Armed Forces, and any other body that's significant in Nigerias' political-economy! You can now understand why they just had to find a way to capture Mazi Kanu as he was a thorn in their flesh and capable of derailing their gravy- train!
Thank you!

1 Like

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Verysmart101: 10:27am On Jan 07, 2022
BestRicePlug28:


Traveling is part of education. Let me know when u are free to take a business tour to the north, mind u, I'm not talking about the "Behind office business" I mean the ones in dirty trousers and mud houses

I wasn't talking perverts when I made my posts, the last time I checked, perverts are not only in the North. Tell me they don't invest in their states I'll accept but tell me they are poor, uncle u are just lying to yourself.

Ok u made some tangible points now.

1 Like

Re: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by SmartMen: 10:28am On Jan 07, 2022
Senomi:
This guy and dangote both chased ibeto and other businesses out of the market and ended up fighting themselves over whose products should be more superior.

If dangote and bua were into automobile, they would have chased innoson and other auto investors from the country,

If they were involved in the banking sector they would hv chased out almost all the modern banks in nigeria just to make their own thrive......

At the end these two theives and scamming bastards keep churning out inferior goods and underpaying workers...

Both are big theives who wouldn't smell a chance to be who they're now if nigeria was a sane country

Don't let hate drive you. When IBETO ish happened, this man hadn't even become as big as he is today. It was Dangote that was having a full monopoly

1 Like 1 Share

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