Politicisation of Nigeria’s Capital Market …Why AP Shareholders will not get justice over Share Manipulation

There are growing worries by capital market stakeholders and, especially, …continues here.

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World’s Richest List: Why Mike Adenuga, Jimoh Ibrahim didn’t make it

In a direct confirmation of Fortune&Class Weekly news report of last week, the Forbes magazine, the United States of America’s compiler of the annual list of the world’s richest, Mr. Femi Otedola, Chief Executive Officer of Zenon Oil and Gas and largest shareholder of African Petroleum joined Alhaji Aliko Dangote on the world’s richest […]

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OTEDOLA, DANGOTE’S RELATIONSHIP GETTING MESSIER: AP N40BILLION PUBLIC OFFER MONEY TRAPPED IN BANKS

When a very top official of the National Accounting Standard Board told a gathering that a total N40billion being part of the money raised during the public offer of African Petroleum is trapped in some Nigerian banks, then there must be a cause for concern.
The offer which had closed since September last year has […]

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2009 Forbes Profile of Billionaires: Femi Otedola joins Dangote on World’d Richest List

Femi Otedola(l), Aliko Dangote(r)

Femi Otedola(l), Aliko Dangote(r)

Nigeria may have the honour of having two of its citizens listed in the 2009 edition of the annual Forbes list of the world richest. Fortune&Class Weekly can report that Mr. Femi Otedola, Chairman of African Petroleum Plc and Zenon Oil and Gas would join Alhaji Aliko Dangote, the first Nigerian on the list […] Continue reading here.

DANGOTE FIGHTS BACK

Businessman extra ordinaire, Alhaji Aliko Dangote has engaged his lawyers to sue some media houses for maligning his name and putting him in bad light before the public.

 

Dangote’s determination to hit at these media houses under the soft sell genre is because he believes that the tilt of the story over his recent face-off with his erstwhile friend – Femi Otedola may have been orchestrated by latter.

 

Prior to that, he had sent volume of unsolicited gift – sugar, pasta, which met with the journalists’ surprise as it is viewed as Greek gift.

 

Days after the story that may have prompted his action was revealed, as it was published “after we investigated, the undercurrents”, we gathered.

 

The battleline is drawn as Dangote is determined to go the whole hug, the media houses are confident in readiness for the challenge as they insist, “we are sure of our facts, we remain unbowed.”