Former presidential aide, Reno Omokri has countered arguments that Globacom owner, Dr Mike Adenuga’s wealth increased under President Muhammadu Buhari.
Those that pushed the argument noted that it was wrong to blame the present administration’s economic policies for the nearly $2billion drop in the wealth of Africa’s richest man, Alhaji Aliko Dangote in one year.
They used Adenuga’s wealth, which Forbes estimated rose from $5.3 billion in January 2018 to $9.2 billion in January 2019, as example.
However, Omokri has come out to counter the argument.
Taking to his verified Twitter handle, the former Special Assistant to President Jonathan on New Media said, For those saying Mike Adenuga’s wealth increased under President Muhammadu Buhari, stop peddling lies.
“According to Forbes, they previously UNDERREPORTED his wealth, so he provided documents, and they reassessed his wealth. Don’t be deceived by APC’s propaganda.”
See tweet:
For those saying Mike Adenuga’s wealth increased under @MBuhari, stop peddling lies. According to @Forbes, they previously UNDERREPORTED his wealth, so he provided documents, and they reassessed his wealth. Don’t be deceived by @OfficialAPCNg propaganda https://t.co/CH79iIkHpa
— Reno Omokri (@renoomokri) January 14, 2019
According to Kerry A. Dolan of Forbes, “The continent’s second richest is Mike Adenuga, also of Nigeria, worth an estimated $9.2 billion. Adenuga owns Globacom, which is Nigeria’s third-largest mobile phone network, plus oil exploration firm Conoil Producing, extensive real estate holdings in Nigeria and a network of 12,000 cellphone towers. His net worth has climbed dramatically from $5.3 billion in January 2018 as a result of more detailed information provided by him about his assets.”
However, the respected American financial magazine reported a decline in the general wealth of African billionaires, not just Dangote.
Dolan wrote: “Buffeted by plunging stock prices and weaker currencies, the number of African billionaires has shrunk to just 20, down from 23 a year ago. Four people fell off Forbes’ annual list of the continent’s richest since last year while one returned to the ranks after a four-year absence. All but four members of the list have smaller fortunes than a year ago.
“For the eighth year in a row, Aliko Dangote of Nigeria is Africa’s richest person. His estimated $10.3 billion net worth, however, is nearly $2 billion less than a year ago, primarily due to a roughly 20% drop in the stock price of Dangote Cement, his most valuable asset.”
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