₦airaland Forum

SarkinYarki:
Keep fooling yourself ..Till you people expose your Tinubu don't expect anyone to support your agenda to expose anyone .. Geroout

Stevechoko45:
Hmmmm tinibu richer than him ke ?
You don’t know who danjumas family are ���������

OAUTemitayo:
The role model of IPOBS. He is currently fighting for Christians.

ChiefkeefGB4:
United States-based financial data media house, Bloomberg, says a former Minister of Defence, Lt.Gen Theophilus Danjuma (retd.), is worth an estimated $1.2bn (N432bn).

This is the first time Danjuma’s net worth would be made public.

Danjuma was mentioned in the Panama Papers in 2017 among prominent Nigerians that operated foreign accounts and had foreign companies while holding public office.

The retired general was also among global personalities found to maintain secret accounts, operated with codes, with the Swiss branch of banking giant, HSBC.

According to Bloomberg’s latest report, Danjuma owns not less than 30 properties worldwide some of which include hotels, luxury apartments and others.

Bloomberg said in a report that Danjuma had also acquired the ‘Kings Arms Hotel’, a 300-year-old inn next to London’s Hampton Court Palace, once the home of King Henry VIII.

It’s set to open soon after refurbishment, with rooms costing about 250 pounds ($318) a night.

The report read in part, “In this most English of settings, it’s fitting the owner is a retired military man still referred to as “General.” But for Theophilus Danjuma, this is just one investment in a network of assets that span at least three continents.

“The 80-year-old Nigerian is worth $1.2bn, according to the Bloomberg Billionaires Index, with his family office managing a portion of that wealth, often through low-key holdings such as the 14-room hotel.”

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Hannatu Gentles, the second daughter of the retired general, confirmed to Bloomberg in an interview that the property was indeed bought by the family and would bear the ‘Danjuma’ name.

She said they paid 2.4m pounds (N1.09bn) for the hotel.

Gentles said redevelopment work was expected to end in March, filings show, but the inn’s age and protected status resulted in higher costs and delays.

“This is the first, and will possibly be the last, listed building we’ve worked on,” Gentles said. “It’s taken longer than we wanted, but our name is attached to the building and we want to be proud of our work. It’s been a hard slog.”

Danjuma’s new venture is far removed from civil war and deepwater oil fields, the spheres where he amassed his power and fortune.

In 2006, his South Atlantic Petroleum Ltd. sold almost half its contractor rights for a section off Nigeria’s coast to a state-backed Chinese firm for $1.8bn.

The ex-minister was awarded the block in 1998 by the regime of former dictator and fellow army officer Sani Abacha, making him one of a handful of Nigerians made extraordinarily wealthy from the country’s energy reserves.

“Basically, these people got winning lottery tickets,” said Antony Goldman, founder of West Africa-focused ProMedia Consulting. “At the time, you had a government desperate for credibility that was isolated internationally.” Danjuma was “someone who’s not really a politician, who is respected in business and in the army.”

Danjuma was born in 1938, the year Royal Dutch Shell received its first oil exploration license for the country and more than two decades before it gained independence from Britain.

He dropped out of college in 1960 to join the army, according to “Nigerian Politics in the Age of Yar’Adua” by Bayode Ogunmupe. He gained prominence after participating in the 1966 counter-coup against Nigeria’s first military dictator.

A decade later, he was stepping out of a Rolls-Royce in central London to meet British military officials in his role as chief of staff for Nigeria’s army. He left the military in 1979 and founded his oil firm and a shipping company, NAL-Comet, which now has more than 2,000 employees in Nigeria. Danjuma paid $25m in 1998 for the oil field exploration license that made him a billionaire. A year later, he became Nigeria’s defence minister as the country returned to democracy.

He originally teamed up with Total SA and Brazil’s Petroleo Brasileiro SA on the block. The minority stake that Danjuma’s company now owns is worth $450m, according to Bloomberg’s wealth index.

“Beyond the UK, they own real estate in California and have bought and sold property in Singapore. Their family office also oversees private equity investments, trust funds and a venture capital arm that backs family-run art and film companies. The Danjumas own more than 30 properties worldwide, filings show,” the report stated.

Confirming this, Danjuma’s daughter added, “We invest in real estate in other jurisdictions, but in the UK we always thought let’s stick to areas that we know.”

She noted that her father bought a residence in Singapore years ago, “and it made sense then to buy some more,” she said, adding they’ve since sold the properties because of tax law changes.

In addition to the Kings Arms Hotel, the Danjumas have developed residential properties this year in Esher and Wimbledon. They also own a boutique hotel in Lagos, serving beef carpaccio and lobster bisque in one of three dining areas and displaying works from the family’s art firm.
https://punchng.com/t-y-danjuma-worth-1-2bn-owns-international-hotels-bloomberg/

hisexcellency34:
In a saner clime, this Danjuma ought to end his life in jail

Hedonini:
Those condemning Danjuma don't seem to have much sense. There's nothing Danjuma did that is different from what the likes of Folorunso Alakija and Mike Adenuga did. Everyone one owns an oil bloc in Nigeria is as guilty as Danjuma, so don't single out the old man and keep quiet about the rest.

ChiefkeefGB4:
This are the former leaders that cornered oil blocks and looted the country blind to turn it to the poverty capital and one of the world's biggest shitholes. The present crop of polticians from 1999 to present continued where he left off and now they are all multi millionaires to billionaires in dollars.

And the poverty stricken masses will be shouting APC,PDP, afonja and Ipod-while the fantastically corrupt politicians in APC,PDP and APGA and Ex military Generals who make up 0.01% of the population smile to the bank.

OAUTemitayo:
The role model of IPOBS. He is currently fighting for Christians.

Hedonini:
Those condemning Danjuma don't seem to have much sense. There's nothing Danjuma did that is different from what the likes of Folorunso Alakija and Mike Adenuga did. Everyone one owns an oil bloc in Nigeria is as guilty as Danjuma, so don't single out the old man and keep quiet about the rest.

Alcacer47:
its not just your opinion, its the truth!

engrchykae:
Nigeria`s progress is being checked.
any attempt to make any African nation better than south Africa will face worse punishments than Libya is facing.
the country was never designed to make progress .
the forces that ensured that sages like awolowo and zik never ruled are still at work at no 10 downing street.
any attempt to make NigerIa better will result in overthrow civilian or military coup as the case may be

engrchykae:
Nigeria`s progress is being checked.
any attempt to make any African nation better than south Africa will face worse punishments than Libya is facing.
the country was never designed to make progress .
the forces that ensured that sages like awolowo and zik never ruled are still at work at no 10 downing street.
any attempt to make NigerIa better will result in overthrow civilian or military coup as the case may be

ChiefkeefGB4:
Which rubbish thriving oil business-the Ex Military Generals and politicians cornered all the oil blocks and shared it among their families, girlfriends and cronies.
You become an automatic multi-millionaire or billionaire when you get an oil block. You sell the rights to Shell,Chevron and keep a percentage of of it and get royalties.
God blessed the country with oil for the benefit of 200 million people, not for the benefit of handful of corrupt politicians and Ex- military Generals who turned it to the poverty capital of the world and a shithole where nothing works.

AngelicBeing:
Well said, this has always been my position, I don't give a fvck to Buhari or PDP, the masses are suffering from hunger and starvation daily but some cretinous fuc.ktards are clapping hands for them, Na dem sabi, danjuma continue to eat your turkey and chicken jare and let idiots be shouting Sai baba, Sai PDP and continue to starve

Ugosample:
You don talk am finish

SarkinYarki:
He is still not worth a quarter of Tinubu so you SW Media people leave him alone jare

AngelicBeing:
Is it not pathetic and unfortunate for folks to be clapping hands for the politicians who have stolen generational wealth, just imagine Danjuma and other criminals, danjuma alone worth 432 billion naira and millions are on Nairaland and offline shouting Sai baba, Sai PDP, Sai DDD, Sai Oshiomole, Sai Tinubu, and all these criminals are eating fried chicken and turkey plus Hennessey and fúçkiñg hoes at Sheraton but zombies and patriotic citizens are dying of hunger and starvation daily, nonsense

ChiefkeefGB4:
Which rubbish thriving oil business-the Ex Military Generals and politicians cornered all the oil blocks and shared it among their families, girlfriends and cronies.
You become an automatic multi-millionaire or billionaire when you get an oil block. You sell the rights to Shell,Chevron and keep a percentage of of it and get royalties.
God blessed the country with oil for the benefit of 200 million people, not for the benefit of handful of corrupt politicians and Ex- military Generals who turned it to the poverty capital of the world and a shithole where nothing works.

NkayStory:
The Tinubu you worship daily,do you know how much he is worth?

Shame on you.

AngelicBeing:
Is it not pathetic and unfortunate for folks to be clapping hands for the politicians who have stolen generational wealth, just imagine Danjuma and other criminals, danjuma alone worth 432 billion naira and millions are on Nairaland and offline shouting Sai baba, Sai PDP, Sai DDD, Sai Oshiomole, Sai Tinubu, and all these criminals are eating fried chicken and turkey plus Hennessey and fúçkiñg hoes at Sheraton but zombies and patriotic citizens are dying of hunger and starvation daily, nonsense

Rolly22:
When you see Nigerians supporting these evil Cronies then you will understand why the country has become the world poverty Capital.

wirinet:
If you read the report devoid of the preconceived bias of "he was dashed an oil block" you will see that what he bought was an oil exploration licence;


If you remove the bias from your head, you will realise than an oil exploration license is different from an oil mining license.


An oil exploration licence is like a gamble. If you find substantial oil deposits, you hit jackpot; if you find nothing, you lose your millions of dollars spent on the exploration plus the exploration licence fee.

After finding oil in commercial quantities, you then apply and pay millions of dollars for oil mining licence which allows you to actually drill the oil.

RoyalPriesthuud:
Lol, joker. If you remove emotions from your head you would know TY would never pay $25mil for an exploration license in a barren field.

The comment I replied to was trying to paint Abacha a saint because TY played his game well and Abacha is dead and actual net worth unknown. The process of awarding OELs and OMLs are opaque and corrupt, bringing a 'bias' strawman to my mention doesn't change that.

Josh44s:
My brother, not just Him but thousands of politicians from all 4 geopolitical zone. Nigerians are too daft and divided.

ugosample:
it's a shame really

ugosample:
it's a shame really

ChiefkeefGB4:
You have a very low I.Q.

Chukazu:
Why do we trivialize such issues as regard people looting our Commonwealth when should all be United against them?

What do we really gain by such.?

Danjuma and the rest of NIGERIAN civil war generals(including Buhari) were awarded with Niger Delta oil blocks as a reward for genocide against South East Biafra

And TINUBU and his bullion vans has been competing to out do the evil generals with his own Lagos Agbero money

Pebcak:
Best post since slice bread

Hedonini:
Those condemning Danjuma don't seem to have much sense. There's nothing Danjuma did that is different from what the likes of Folorunso Alakija and Mike Adenuga did. Everyone one owns an oil bloc in Nigeria is as guilty as Danjuma, so don't single out the old man and keep quiet about the rest.

ChiefkeefGB4:
The Lagos tax collector is as rich as Danjuma. When "Mr Bullion Van' aka Bobo Chicago and his Lebanese business partner Chaugory complete Eko Atlantic. He will be one of the richest men in the country.

ayokellany:
If every political expose person can take on projects gigantic as Eko Atlantic Nigeria will be the next pardise.