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Dangote Scales 18 Hurdles, Becomes World’s 65th Richest Person

By Eric Elezuo
Africa and Nigeria’s richest person, Alhaji Aliko Dangote, has up his game in the billionaire’s list, clearing 18 huedles to become the 65th richws person in the world.
Dangote, who is the president of Dangote Industries Limited and the Dangote Refinery, achieved this feat inspite of the dwindling Nigerian economy, which has adversely affected the performance of the Naira against the dollar and other currencies of the world.
Dangote’s sporadic rise in the list of Billionaires is attributed to the final kickoff of the commercial activities of the 650,000bpd refinery.
The businessman increased his wealth to $28 billion after his $20 billion refinery located in Lagos commenced operations this year and produced premium motor spirit (PMS), otherwise known as petrol, in September.
In its latest Top 500 Billionaires Index released on Thursday, the Bloomberg Billionaires Index revealed that Mr Dangote moved to a new level from the 83rd he was in 2022.
The Bloomberg Billionaires Index ranks the world’s richest people daily. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, and each individual billionaire profile contains a detailed analysis of how that person’s fortune is tallied.
The index is a dynamic measure of personal wealth based on changes in markets, the economy and Bloomberg reporting. Each net worth figure is updated every business day after the close of trading in New York. Stakes in publicly traded companies are valued using the share’s most recent closing price. Valuations are converted to U.S. dollars at current exchange rates.
The report stated that Mr Johann Rupert of South Africa is 174 on the world list, with a wealth of $13.6 billion and Nicky Oppenheimer also of South Africa is number 224 with a wealth of $11.6 billion.
Other Africans on the list are South African’s Natie Karsh on number 297 in the world with a wealth of $9.25 billion, Egypt’s Nassef Sawiris on number 302 in the world with a wealth of $9.16 billion, and Naguib Sawiris also of Egypt with a wealth of $7.37 billion on number 407 in the world.
Ellon Musk and Jeff Bezos are the richest in the world with $242 billion and $210 billion, respectively in their kitties, while Mark Zuckerberg and Larry Ellison followed, respectively with $204 billion and $185 billion on the world’s billionaires’ chart.
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Boko Haram Among Terror Groups Funded by USAID, Says US Congressman, Perry

US Congressman, Scott Perry, has said that US aid agency, United States Agency for International Development, funded terrorist organisations, including Boko Haram.
Perry, a Republican representing Pennsylvania, made the claim during the inaugural hearing of the Subcommittee on Delivering on Government Efficiency on Thursday.
The session, titled “The War on Waste: Stamping Out the Scourge of Improper Payments and Fraud,” focused on alleged misappropriations of taxpayer funds.
“Who gets some of that money? Does that name ring a bell to anybody in the room? Because your money, your money, $697 million annually, plus the shipments of cash funds in Madrasas, ISIS, Al-Qaeda, Boko Haram, ISIS Khorasan, terrorist training camps. That’s what it’s funding,” Perry said.
According to the subcommittee’s website, it will “actively work with President Trump’s Department of Government Efficiency to root out waste, shore up vulnerable payment systems, and fully investigate schemes to defraud taxpayers.”
Perry further cited USAID’s reported funding of $136 million for building 120 schools in Pakistan, alleging that there was “zero evidence” of the schools’ construction.
Perry added, ” If you think that the programme under Operation Enduring Sentinel entitled Women’s Scholarship Endowment, which receives $60 million annually, or the Young Women Lead, which gets about $5 million annually, is going to women who, by the way, if you read the Inspector General’s report, is telling you that the Taliban does not
allow women to speak in public, yet somehow you’re believing, and American people are supposed to believe, that this money is going for the betterment of the women in Afghanistan. It is not.
“You are funding terrorism, and it’s coming through USAID. And it’s not just Afghanistan, because Pakistan’s right next door.
“USAID spent $840 million in the last year, the last 20 years, on Pakistan’s education-related programme. It includes $136 million to build 120 schools, of which there is zero evidence that any of them were built. Why would there be any evidence? The Inspector General can’t get in to see them.
“But you know what? We doubled down and spent $20 million from USAID to create educational television programs for children unable to attend the physical school. Yeah, they can’t attend it, because it doesn’t exist. You paid for it.
“Somebody else got the money. You are paying for terrorism. This has got to end.”
US President Donald Trump has previously called for the closure of USAID, accusing the agency of corruption in a post on his Truth Social platform.
The move is part of Trump’s–and his billionaire ally Elon Musk’s–drive to shrink the US government.
Musk, whom Trump appointed to lead the Department of Government Efficiency, has also criticised USAID, alleging that it engages in rogue operations.
Musk has called USAID “a viper’s nest of radical-left Marxists who hate America” and has vowed to shut it down.
Among other criticisms, which Musk has claimed that USAID does “rogue CIA work” and even “funded bioweapon research, including COVID-19, that killed millions of people.”
Trump said DOGE would “dismantle government bureaucracy, slash excessive regulations, cut wasteful expenditures, and restructure federal agencies — essential to the ‘Save America’ movement. This will send shockwaves through the system, and anyone involved in government waste, which is a lot of people!”
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CDS Visa Denial: No Comments, Canadian Embassy Declares

The Canadian High Commission in Nigeria has refused to make further comments on circumstances surrounding the denial of visas to some senior Nigerian military officials, including the Chief of Defence Staff, General Christopher Musa, citing privacy policies.
The Authorities however, acknowledged social media reports of the situation.
Musa and some military officials were denied visas to attend an event in Canada honouring war veterans, a situation the CDS revealed during an event in Abuja on Thursday.
Responding on Friday, via its social media handle, the Canadian High Commission stated, “The High Commission of Canada in Nigeria is aware of media reports related to planned travel by senior officials. However, for privacy reasons, we are unable to comment on the status of visa applications of specific individuals.”
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Afenifere Leader, Pa Ayo Adebanjo Dies at 96

Pa Ayo Adebanjo, the Afenifere leader, is dead.
He died on Friday morning at his Lekki residence in Lagos, according to a family statement. He was aged 96.
It reads: “With a heart full of gratitude for a selfless life spent in the service of God, the nation and humanity, we announce the passing on of our beloved patriarch, Chief Samuel Ayodele Adebanjo.
“He died peacefully this morning, Friday, February 14, 2025 at his Lekki, Lagos Nigeria home at the age of 96.
“The foremost nationalist, elder statesman, distinguished lawyer, very distinct politician, apostle of true federalism, former organising secretary of Action Group and the national leader of Afenifere is survived by his 94 year-old wife, Chief Christy Ayo-Adebanjo, children, grandchildren and great grandchildren.
“We will forever cherish his commitment to fighting for truth, equity and justice. His belief and struggle for a truly independent and progressive Nigeria was total and this he fought for until he breathed his last breath.
“The family is consulting with Papa’s friends, associates, numerous interest groups across the length and breadth of Nigeria and beyond, to fine tune plans for a befitting funeral details which will be communicated in due course.
“A condolence register is open at his residence in Lagos (8, Ayo Adebanjo Close, Lekki Phase 1, Lagos) and his country home in Isanya Ogbo, near Ijebu Ode Ogun State.”
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