₦airaland Forum

BigIyanga:
Oga read deep not gossip blog sites abd whatsapp msgs…He was an average 9-5worker in the US until he got a Naija oil contract. His co CAMAC was registered to trade in agricultural products like rice and cocoa… but his Naija connect, he pivoted to Oil/Energy.

Well those 4 and maybe the Seal the singer. This chap Lawal does not qualify. Seal is another one, na only oyinbo girls he dey date. I don’t think he has been back home since he left Naija.

richard870:
You forgot "Chicago Billionaire" Harry Akande, was once named the 7th wealthiest man in the world and wealthiest in Africa

He returned to Nigeria.

Yankee101:
A good number of political actors have homes abroad in the UK, US, Dubai etc

They and their kids have residencies and citizenship of these countries

Do not be deceived. They’re wrecking the country knowingly and preparing a plan B for themselves

But they still live in Nigeria. Having a home abroad is not d criteria. It is having a home abroad and no send Naija at all.

BigIyanga:
Not true.
Hernandez families came back from Brazil during slavery.. They became huge slave, cocoa, and mineral merchants during colonialism…

Per Kase Lawal, he made his $$$ 100% from Naija thru Rilwan Lukman when Shagari/GMB was the president.

I don’t believe that. I think he made his money in the US

entrepreneur Kase Lawal is the epitome of the American dream. Arriving to the US a young, idealistic student, Lawal has carved a name for himself in one of the most competitive industries in the world: Oil.
Now head of a multi-billion dollar empire, his Houston-based company, CAMAC, is one of the largest black-owned businesses in the U.S., generating over $2 billion dollars a year.
Founded nearly 25 years ago, Lawal built CAMAC (which stands for Cameroon-American) from a small agriculture business into a global oil company. But it's taken a lot of hard work, determination and guts to get him to the top.
Born and raised in Ibadan, Nigeria in 1954, Lawal became interested in America and its civil rights movement during his teens. After finally persuading his father, a local politician, to send him to university in America, Lawal headed to Georgia and then Houston, where he attended the Texas Southern University.
After graduating with a Bachelor of Science in chemical engineering in 1976, Lawal, like many of his classmates, started out as a graduate in the energy industry. First as a chemist for Dresser Industries (now Halliburton) and then as a chemical engineer with Shell Oil Refining Co.
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During this time he met his wife, Eileen through a mutual friend and had his three children.
Now married and settled, it wasn't long before the innovative young Nigerian started to implement his business ideas.
In 1986 he established CAMAC, a company trading agricultural commodities such as sugar, tobacco and rice. In the early 90s he made the leap into the energy sector after the Nigerian government started to develop its energy market.
With his knowledge of Nigeria and his Houston address, Lawal was ideally positioned to attract major oil companies. In 1991 CAMAC made a deal with the oil giant Conoco, agreeing to jointly operate and share production from any Nigerian discoveries.
This turned out to be Lawal's big break.
With his political contacts, local market knowledge and now with the backing of a major oil firm, Lawal's Houston-based company became an instant player in the energy industry.
As Lawal told CNN: "That partnership I believe was the cornerstone of the CAMAC that you know today. Subsequently with that credibility and the advantage of partnering with Conoco, we were also able to partner with BP and also with Statoil of Norway and currently we have made a partnership with Eni, the largest Italian company, which is one of the top five oil companies in the world."
Now CAMAC has offices in London, Johannesburg, Lagos and Port Harcourt, Nigeria and is involved in oil exploration, refining and trading.
He was awarded the USAfrica Business Person of the Year in 1997 and in 2002 CAMAC was named the largest African-American owned company on the Black Enterprise 100s list.

BigIyanga:
Not true.
Hernandez families came back from Brazil during slavery.. They became huge slave, cocoa, and mineral merchants during colonialism…

Per Kase Lawal, he made his $$$ 100% from Naija thru Rilwan Lukman when Shagari/GMB was the president.

The Lawal is doing great in the US hardly comes home.

Seyi Tinubu, Mr Tinubu’s 37-year-old son who has long cornered the outdoor advertising market in Lagos, was said to have bought the property in 2017, according to a report by business outlet Bloomberg.

The medium in a story out Tuesday morning said Seyi used an offshore shell company Aranda Overseas Corporation to close the purchase, which was facilitated through Deutsche Bank. The property is reportedly tucked in an elite neighbourhood in North London.


The report further described the property as a private three-floor residence in St. John’s Wood, equipped with an eight-car driveway, two gardens, electric gates and a gym.

The property had been previously confiscated around 2016 from Kola Aluko, a notorious oil dealer who reportedly connived with former oil minister Diezani Alison-Madueke to fleece Nigeria for nearly half a decade. Shortly after assuming office in May 2015, President Muhammadu Buhari started going after people suspected to have illegally enriched themselves under President Goodluck Jonathan (2010-2015).

Mr Aluko bought the property for about $15 million in 2013, indicating that it was sold four years later for a lower price, an uncommon scenario for such an upmarket neighbourhood.

Bloomberg said it could not immediately find indications that Mr Tinubu, 71, was involved in the purchase, but the affair could nonetheless strengthen critics’ arguments that Mr Buhari was transferring stolen assets he seized from cronies of his predecessor to his own cronies. Mr Tinubu has publicly claimed credit for making Mr Buhari president in 2015, although the Nigerian leader, in a rare pushback last year, said his victory was a collective effort.

Kay25:
Add harry akande too to the list

Harry Akande returned to Nigeria in 1971 and had a lot of business in Nigeria. He did not abandon his homeland.

An appointee threatening an elected officer. What was she smoking 🚬

BigIyanga:
Bayo also made his $$ from Naija. His friend Dr Hakeem Belo Osagie was a special adviser to Naija and they went to the same school… connected him to a US company handling LNG project… he got drafted to handle the project because of his Naija background, accounting and law degrees.

Hard to find any Naija rich person who made money without Naija connect.

The only that stands out is Deinde Farnendez, but there is one Lawal guy in the US who is stupendously rich that has nothing to do with Nigeria.

onadana:
I wonder why the writer chose to align the Late Fernández with those shady characters. The writer didn't not even apply due diligence in the write up,not knowing Fernández is late.

The topic is Nigerians who abandoned their homeland living the life abroad. It is not about how they made their money.

Jasonekah98:
What kind of list is this??...

You didn't add Alhaji Mikano, Ibn Dubai, Atiku "Generator", "Say no to steady power supply" Abubakar.

Oya, edit your list ASAP!.
Someone who comes back home only when it's time for elections??..Lol

Atiku is living in Nigeria. This people have not stepped foot in Nigeria for years.

ppogba:
Your list is incomplete without the mention of PAUL OGWUMA, a former CBN Governor who died like a chicken abroad in exile.

Did he live large b4 he died or was he living like a pauper b4 he died. If he lived like a pauper then you can say he died like a chicken but if lived large b4 he died then he died honourable knowing everyone would one day die.

My feeling about agriculture investment it takes time before they start harvesting, by that time in some cases 3 years and no politician is ready to wait 3 years of nothing to show when they know elections are coming the following year. They rather build a 10 km road to nowhere to show the people that this is what we have done.

They should build a broad walk where people can take a walk and see the river on the other side.

EreluRoz:
Just say celebrity and it'll make sense.

Mine is Junior Pope, I cried so much like a baby maybe because I earlier watched his video where he was saying he cautioning the boat rider and saying he has not trained his kids ooo and na only him his mama born. I cried cried and cried when I read about his death

That one was like a premonition.

illicit:
Well I don't know if they are heroes

I feel bad when kidnapped victims get killed or ritualists kill someone

They faceless people since you don’t know them.

thesicilian:
The only non family death that has ever pained me is that of Michael Jackson

That gay🤫. Anyways there must be something u like about him.

illicit:
Too many

Name one, e be like say u get too many heros.

NewDea4:
Nigerina has the lowest average IQ in the world because people like you are in the majority

U are very stuuuupid. During the colonial days goods were shipped from the coast to Baro. 64 years later the idea seems like something from space 999. I think this generation and people like u who have low iq cannot fathom that such idea is feasible.

My is Herbert Wigwe, even though I have never seen or met him before. But because of the investment he was making in his state bringing a fantastic University to his community, I wished he had enough time to nuture it a reasonable standard. Anyways those left behind I am sure would do a good job.

Why the death is painful is because it took away the wife & his first born.

Guys whose death pain you pass of recent.

YorubaLord:
OP, what wealth, abeg?

You mean loot?

Deinde Fernandez did not loot. Some of you Nigerians are on autopilot anytime you heard someone is rich he or she are looters. Of course 98% of d time u are correct but know some made their money genuinely.

Elzazzi:
That Man was stupendously wealthy. He hanged out with the rich and mighty. Had several private jets.

He's my mentor. Reason I put him on my profile here on NL

Nice one, he was a true patriot that Nigerians should be proud off. But that his quote about 2 rams eating from a bucket make me think that the meaning of that proverbs is “why struggle with the poor Nigerians feeding from crumbs coming out of from kleptomaniac Nigerian leaders “ when he can conquer the world which is a bigger fish. I have a feeling he can speak Portuguese too referencing his relationship with both Angola and Mozambique.

read
A former Nigerian oil minister, Dan Etete, has hailed the verdict of an Italian court that acquitted Shell, Eni and their managers in the Malabu scandal.

PREMIUM TIMES reported how the oil giants and their managers were all acquitted by the court last Wednesday.

The verdict ended a trial that has seen officials of the oil giants battle to prove their innocence.


Prosecutors had charged that executives involved in the Malabu deal knew that much of the $1.1 billion they deposited into an escrow account controlled by the Nigerian government would be disbursed as bribes.



The oil companies and its officials have consistently denied any wrongdoing. However, in 2018, two middlemen named in the Malabu deals were found guilty of corruption in a separate trial.

Yahaya Bello vs EFCC

Several former executives of the companies were also cleared of wrongdoing, including Malcolm Brinded and Paolo Scaroni.

Environmental and social justice groups on Wednesday condemned the verdict, describing Italy’s anti-corruption laws as “unfit for purpose”.

“Significant” decision
But an unsigned statement issued on Monday said Mr Etete “notes with satisfaction that the Courts in Milan have rightly acquitted him of corruption and corrupt behaviour following a brutal and diligent 36 months trial.”

PREMIUM TIMES reached out to Anthony George-Ikoli, one of Mr Etete’s lawyers, who confirmed that the former oil minister authorised the release of the statement.

Adoke AD
The statement said the Milan judgement “independently follows the path of the UK’s trial and decision (double jeopardy) on the malicious prosecution of the Nigerian Government.”

The former oil minister described the decision as “significant and wide ranging”, adding that it also affirms that the “settlement agreements on transfer from Malabu to Shell and ENI were valid.”

The minister also said that the court has confirmed that no bribes were paid to anyone and that there is no case to answer on the issue.

“These matters have occupied the Milan Courts for over 3 years, with almost 200 witnesses. The FGN and Prosecutor’s position has been found to be entirely baseless——No Case to even answer said the Court,” he said.

“Milan was actively chosen by FGN to determine the issue of alleged corruption on OPL 245. They lost and must rightly live with that decision.

“The High Court in London ruled that FGN made the conscious choice to determine all alleged corruption on OPL 245 in Milan, both civilly and criminally. Both have now rightly lost in the jurisdiction they themselves chose.

“The acquittal in Milan is therefore determinative in all jurisdictions, including Nigeria. Any and every Order made against Chief Dan Etete in any Nigerian Court or directly or indirectly in any other court on alleged corruption on OPL 245 are hereinafter entirely invalid and will be struck out.”

Mr Etete said he and Malabu have jointly and separately suffered “massive and unquantifiable losses” as a result of what he described as “malicious and politically motivated wrongful allegation of corruption.”

he US department of justice has announced the final resolution of two civil cases seeking the forfeiture of the luxury assets that were laundered in and through the country in a case involving Diezani Alison-Madueke, former minister of petroleum resources, and her associates.

Diezani’s associates who were named in the forfeiture case are Kola Aluko, a Nigerian businessman, and Jide Omokore, chairman of Atlantic Energy Drilling Concepts Nigeria Limited.

The department said the forfeited assets were the “proceeds of foreign corruption offenses”.

In a statement released on its website on Monday, the US department of justice disclosed that “roughly $53.1 million in cash, plus a promissory note with a principal value of $16 million” have been recovered as part of “proceeds of illicitly awarded contracts” involving the trio — Diezeani, Aluko, and Omokore.

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Adebayo Ogunlusi

Would have been another name on that least but he comes home. Saw him the other day with Ogun State Governor. Although based abroad but comes home.

omowolewa:
Which kin question is that, they are as many as the sea sands.

If I list those from my area this place no go contain am

Mention them. You can’t hide wealth. If you rich all you need to do is google the person’s name and it would pop up. To say u know people wey nobody know is an illusion. Me sef I be billionaire. 😅

Antonio Oladeinde Fernandez, billionaire business magnate, diplomat, mining tycoon, Permanent Representative of Central African Republic to the United Nations, is dead.

Deinde Fernandez, as he was popularly known, died on Tuesday in a private hospital in Belgium.

Born in Lagos in 1936 to one of the first European migrants to the city, Mr. Fernadez grew up to become one of Nigeria’s most mysterious and reclusive billionaires with properties in several African countries as well as in Europe and America.


Not much is known about his early days, but in 1982, he was appointed an advisor to the Angolan government on Economic Matters.



Two years later, he became a Deputy Permanent Representative of Mozambique to the United Nations.

Yahaya Bello vs EFCC

In 1992, he was made a Special Adviser to the President of Mozambique on International Economic Matters, a position he held till 1995.

In addition to his diplomatic duties, Mr. Fernandez ran a string of companies such as Petro Inet‎t, a mining firm that had extensive oil, gold, and diamond interests in Angola as well as in the Central African Republic.

He also owned Sandcat Enterprises, View, Grantdale, Inuola, Sandcat Goldfields, Voguehope, Woods, Goldfields, and Petro-Inett Equatorial Guinea.

He also owned a string of properties, including a £3 million seven storey Gerogian town house in Edinburgh; a £4 million New York estate; a 25-acre £1 million 19th-century Chateau de Bois Feuillette in Paris; a £10 million property on the Premium Point peninsula, New York, among others.

Stanleymaster1:
They are enjoining their stolen fund in other countries while their country is in big mess. This was the mentality they gave the upcoming ones.

Deinde Fernandez made his money independently. Had oil wells in Angola not even Nigeria. Don’t paint everyone with the same brush.

Deinde Fanendez,

the man who said “ two ram cannot drink water from the same bucket” made millions abroad became ambassador extra potentially for several Caribbean Nations, died abroad never ever settling Nigeria. One would think since you have made enough money you would want to return home. Anyways he died abroad stupendously wealthy.

Dan Etete

Abacha’s oil minister who after the death of Abacha has made the French chateau his new home. He has be living France ever since. Wondering why he has not return home at least he is rich and those looking for him are no more in government.

Deziani Maduake

Another oil minister who is now permanently resident in the UK has a Dominican passport at present. I understand she is negotiating with this regime to come back but to no avail at the moment. No wonder President’s after Buhari kept the minister of petroleum portfolio to themselves. With d example of Deziani and Dan Etete u would think twice b4 giving that portfolio to just anyone.

Kola Aluko

A protégée of Diziani, was supposed to have fleeced Deziani to the tune of $200.00 million dollars. Said to be large amongst the world’s oligarchs. He was once said to rent his yacht to Jay Z and his wife when they went on holiday. I don’t see him coming home anytime soon.

Guys , Do you know of any other bucks up Nigerian that seems to scared of coming home

When a person is saying that they have not taken loan. My Gut instinct is telling me their eyes are on that loan as last “ Claro” when the tide turns.

Did you know SA Central Bank is privately owned. By of course white people what kind of independence does SA have that they can’t even print there own money.

I heard Malema saying if he wins he would nationalise the reserve bank.

Malema is my man, I like him.