Skip to main content

Retired General Danjuma is worth $1.2bn - US media organisation says



A retired Nigerian Army general and former minister of defence, Lt-Gen Theophilus Danjuma, is currently worth an estimated $1.2 billion, Bloomberg, a US-based media organisation has said.

 This amounts to N432 billion in the Nigerian currency as the media organisation declares that the 80-year-old’s family office managing a portion of the wealth. According to Bloomberg, the retired officer now owns the Kings Arms Hotel, “a 300-year-old inn next to London’s Hampton Court Palace, once the home of Henry VIII.”

Theophilus Danjuma is estimated to worth $1.2 billion Source: UGC When it finally starts operating, the medium said each of its rooms would cost about 250 pounds or $318 a night. “We never tend to look at trophy assets.

We’re not going to head to Mayfair to buy a 15 million-pound apartment primarily because we are a yield business,” the report quoted Hannatu Gentles, the second daughter of Danjuma’s five children and chief operating officer of his London-based family office, as saying. Born in 1938, Danjuma made his fortune from the Nigerian oil sector. He was reportedly awarded an oil block by the military government. 

The retired Army General was said to have dropped out of college in 1960 to join the Nigerian security organisation where he gained prominence after allegedly participating in the 1966 counter-coup against Nigeria’s first military dictator. 

He retired from the Nigerian Army in 1979 and founded an oil and shipping company which currently has over 2,000 workers.

Meanwhile, Legit.ng earlier reported how Femi Falana, Nigeria’s senior lawyer and rights activist, recently accused the military administration of Ibrahim Babangida of being partly responsible for the current economic challenges facing the country currently. Falana hinged the challenges on the introduction of the Structural Adjustment Programme (SAP) by the administration of military government of Babangida in 1986, which led to the selling of public assets to wealthy Nigerians. 


Legit.ng

Comments

Post a Comment

Popular posts from this blog

Taraba State University Joins ASUU Ultimatum to 21 Universities Over 2025 Agreement

The Academic Staff Union of Universities (ASUU), Taraba State University (TSU) chapter, has joined 20 other state-owned universities placed on a 14-day ultimatum over the alleged non-implementation of key provisions of the 2025 Federal Government-ASUU agreement. The ultimatum was issued following resolutions reached at ASUU’s National Executive Council (NEC) meeting held at the University of Abuja, where the union expressed concern over what it described as the “haphazard implementation” of the agreement. ASUU warned that the affected universities could face industrial action if the outstanding issues are not resolved within the 14-day window. The union authorised the affected branches to begin formal processes for strike action should their respective university authorities fail to address the issues. Taraba State University, Jalingo, was specifically listed among the 21 universities affected by the directive. Other institutions on the list include Nasarawa State Universit...
Post a Comment
Read more

Truck Drivers Block Jalingo–Zing–Yola Road Following Dispute at NDLEA Checkpoint

Taraba Facts Truck drivers have reportedly blocked the Jalingo–Zing–Yola road following a disagreement with a soldier at an NDLEA checkpoint last night. The incident has disrupted movement along the major highway, leaving motorists and other road users stranded. As of Thursday morning, the road remains blocked, with the situation reportedly affecting the free movement of vehicles along the route. The circumstances surrounding the disagreement between the truck drivers and the security personnel remain unclear. Residents and road users are calling on relevant authorities to urgently intervene, investigate the incident and resolve the dispute to restore normal traffic. Authorities are also urged to ensure that the matter is properly addressed and that the safety and movement of commuters along the busy route are not further compromised.
Post a Comment
Read more

Taraba Begins ₦5,000 Deduction for Teachers’ Permanent Identity Cards

The Taraba State Universal Basic Education Board (TSUBEB) has initiated a ₦5,000 deduction from teachers as part of arrangements for the production of Permanent Identity Cards for teachers across the state. According to UBEC, the identity cards are expected to strengthen staff records, improve security and enhance administrative efficiency in the management of teachers across Taraba State. UBEC further said the Permanent Identity Card project is also expected to assist the state government in developing an accurate and verifiable database of teachers. Such a database will provide Governor Agbu Kefas with reliable information on personnel within the basic education system and support more effective planning, monitoring and personnel management. The initiative is therefore expected to strengthen security measures, improve staff verification and provide a more efficient system for managing personnel across Taraba State’s basic education sector.
Post a Comment
Read more