General News
Behold, the 10 Richest Presidents In the World

With power comes not only fame but immense fortunes. Heads of state or government are supposed to be the servants of the people, but it this appears a Herculean task in this time and age.
Those who serve should have genuine of their motherland at heart and provide leadership to the citizenry.
True leaders are those that are in tune with the pain and plight the people and know what the ordinary man really feels.
Little wonder, there is great admiration for Jose Mujica, the President of Uruguay, who has eschewed all the perks of power to live a simple life among ordinary Uruguayans.
It is in this light that we are taking a look at the top 10 world’s richest presidents and their style of leadership.
1. Vladimir Putin, President of Russia – $40 billion
Vladimir Putin has been the Russian President since 2012, though he also served in the post from 2000 to 2008.
Though his reported income is only $80,000, Putin is said to be a multi-billionaire because of his stakes in various Russian companies.
He has had several houses built ostensibly as official residences of the head of state or government. One in Praskoveevka near the Black Sea is said to cost around a billion dollars.
2. Bhumibol Adulyadej, King of Thailand – $30 billion
Bhumibol Adulyadej is the beloved King of Thailand. He is the longest currently serving head of state and the longest reigning monarch in the history of his country.
He has been the country’s King since 1946. He has made generous contributions to various sectors of Thai society.
He is considered to be the richest royal in the world.
3. Hassanal Bolkiah, Sultan of Brunei – $20 billion
Hassanal Bolkiah’s complete name is Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar Ali Saifuddien Sa’adul Khairi Waddien.
He became the Sultan of Brunei after the abdication of his father in 1967. He has one of the largest car collections in the world, with some companies making new cars exclusively for him. He even has a Rolls Royce coated with 24K gold.
4. Abdullah bin Abdulaziz Al Saud, King of Saudi Arabia – $18 billion
Abdullah bin Abdulaziz Al Saud is the third richest monarch in the world. He became King of Saudi Arabia in 2005 after the death of his half brother King Fahd.
As the Saudi King, he is also the Custodian of the Two Holy Mosques. Under his regime, the country has slowly been undertaking reforms, including allowing more rights to women.
He is known for his immediate response to international disasters, like the 2008 earthquake in China and Hurricane Katrina in New Orleans.
5. Khalifa bin Zayed Al Nahyan, President of United Arab Emirates – $15 billion
As the Emir of Abu Dhabi, Khalifa bin Zayed Al Nahyan is also the President of the United Arab Emirates.
He took over as President in 2004 after the death of his father. He is the chairman of the Abu Dhabi Investment Authority.
His family has an estimated wealth of more than $150 billion. He is known for his philanthropic work, making donations to orphanages in Turkmenistan, hospitals in the US and schools in Wales.
6. Mohammed bin Rashid Al Maktoum, Emir of Dubai – $4 billion
As the ruler of Dubai, Mohammed bin Rashid Al Maktoum is also automatically the Prime Minister and Vice President of the United Arab Emirates.
He came to power in 2006, succeeding his older brother Maktoum bin Rashid Al Maktoum. He owns 99.67 percent of Dubai Holding.
He is also responsible for the construction of landmarks like the Palm Islands, Burj Al Arab and the Burj Al Khalifa. His family’s total wealth is estimated to be around $44 billion.
7. Hans-Adam II, Prince of Liechstenstein – $4 billion
His full name can be a mouthful: Johannes Hans Adam Ferdinand Alois Josef Maria Marko d’ Aviano Pius von und zu Liechtenstein.
He owns the LGT banking group. His family also owns an extensive collection of art pieces. These are displayed for public viewing at the Liechtenstein Museum in Vienna. He is considered as the wealthiest monarch in all of Europe.
He holds broad powers as head of state, including the ability to introduce legislation and the power to veto laws passed by the parliament.
8. Hamad bin Khalifa Al Thani, Emir of Qatar – $2.5 billion
The ruler of Qatar comes from the Al Thani dynasty that began its reign in 1850 when Muhammad bin Thani ruled the country.
The family comes from one of the largest tribes in the Arabian Peninsula called the Banu Tamim. The current Emir came to power in 1995 after deposing his father.
He was one of the primary backers of the Al Jazeera news network, even providing a $137 million loan to help the company in its first years of operation.
The Emir is also known as a huge football fan, having made bids to take over clubs like Manchester United and Rangers FC
9. Mohammed VI, King of Morocco – $2.5 billion
Mohammed VI became the King of Morocco in 1999 after the death of his father.
He drew a lot of attention after promising to tackle the triple issues of poverty, corruption and human rights violations.
These have yet to be solved, however, as evidenced by widespread protests in 2011. Corruption issues have also led to the King himself.
He holds significant amount of shares in Omnium Nord Africain, or the ONA Group, that owns diverse investments in retail, financial services, mining and other sectors
10. Sebastian Pinera, President of Chile – $2.4 billion
Sebastian Pinera came to power in 2010 after being elected as the first billionaire to be sworn in as President of Chile.
He owned Chilevision, a terrestrial television channel that broadcasted all over Chile. He also owned 27 percent of LAN Airlines after purchasing the shares of Scandinavian Airlines in the former state-owned firm in 1994.
He also held a 13 percent share in Colo Colo, one of the country’s most popular football clubs. He was also responsible for introducing credit cards to Chile in the 70s.
General News
Court Remands Akujobi, Ex Access over alleged Theft of N294.5m

Chinonso Akujobi, former staff of Access Bank in Lagos, has been remanded in Ikoyi prison after she was arraigned on a five-count charge bordering on stealing to the tune of N294.5m.

Akujobi who is being prosecuted by the Economic and Financial Crimes Commission (EFCC) was arraigned before Justice I.O. Ijelu of the State High Court sitting in Ikeja, Lagos.
EFCC alleged that Akujobi stole the money between January and December 2025 while under the employment of Access Bank Plc.
As stated in one the charges, the defendant stole the money through unauthorized payments from the general ledger of Access Bank to her account number 0036668871 with the name Chinonso A., Uchechi A. and Florence A., thereby committing an offence of stealing, contrary to Section 280 and punishable under Section 287 of the Criminal Law of Lagos State, 2015.
The defendant pleaded “not guilty“ to the charges when they were read to her.
In view of this, S.M.Yabo, prosecution counsel, asked the court for a trial date and also prayed for the remand of the defendant in a Correctional centre.
Justice Ijelu, thereafter, adjourned the case till October 8, 2026, for the hearing of the bail application and the commencement of trial.
The Judge also ordered that the defendant be remanded in the Ikoyi correctional Centre.
General News
NSIB Faults Runway Identification, Reveals Cockpit Disagreement in Asaba Jet Incident

The Nigerian Safety Investigation Bureau (NSIB) says the flight captain of the VMO Aero aircraft that landed on a roadway near Asaba Airport in Delta State told investigators that the observer pilot mistakenly identified the paved road as the runway before touchdown.

The bureau disclosed this in a preliminary report released on Thursday on the June 10 incident, which prompted the Nigeria Civil Aviation Authority (NCAA) to ground the private jet.
The aircraft had seven people on board, including the pilot-in-command (PIC), second-in-command (SIC), an observer pilot, a cabin crew member and three passengers.
According to the report, the aircraft was cleared by Air Traffic Control (ATC) to approach Runway 11 at Asaba Airport after the crew requested a right orbit.
The crew initially discontinued the approach, executed a missed approach and repositioned for a second landing attempt.
NSIB said the crew reported that the aircraft’s navigation systems indicated it was correctly established on the published RNAV Runway 11 approach.
“The PIC and SIC reported that the observer pilot identified the paved surface ahead as the runway,” the report stated.
However, the observer pilot gave investigators a different version of events.
According to NSIB, he said the aircraft remained inside cloud until late in the approach and that the Ground Proximity Warning System (GPWS) repeatedly issued “TERRAIN, TERRAIN, PULL UP” alerts.
He also said he observed a telecommunications mast directly ahead and instructed the flight captain to abandon the approach and climb immediately.
The bureau further disclosed that a cabin crew member reported that one of the passengers became concerned after overhearing discussions among the pilots and asked whether one of them was undergoing training. The passenger was reportedly reassured that all three pilots on board were experienced captains.
NSIB said no abnormal events were reported in the cabin before touchdown.
The aircraft eventually landed at about 8:57 a.m. on an under-construction paved roadway near Asaba Airport instead of the designated runway.
The bureau said its investigation into the incident is ongoing, while the preliminary report highlights conflicting accounts among the cockpit crew over the circumstances that led to the erroneous landing.
General News
EU warns Meta over addictive Facebook, Instagram designs, threatens fines

European Union has warned Meta Platforms Inc. that it could face a significant financial penalty unless it changes what regulators describe as the “addictive design” features of Facebook and Instagram.

The European Commission issued the warning in preliminary findings released on Friday, saying Meta had failed to sufficiently address risks posed by its platforms, particularly to children and vulnerable users.
The Commission said features such as infinite scrolling, personalised content recommendations and automatic video playback were designed in ways that encouraged excessive engagement with the platforms.
EU Executive Vice-President for Tech Sovereignty, Security and Democracy, Henna Virkkunen, said protecting the physical and mental well-being of European citizens should be a priority for social media companies.
The Commission said Meta should consider introducing design changes, including disabling autoplay and infinite scrolling by default, providing effective screen-time reminders and adjusting recommendation systems to reduce the focus on maximising user engagement.
The findings were issued under the European Union’s Digital Services Act (DSA), which sets obligations for major online platforms to address risks associated with their services.
Meta, however, rejected the Commission’s conclusions, saying it disagreed with the findings but would continue engaging with European regulators.
The company said it had already implemented measures aimed at protecting younger users, including Teen Accounts that allow parents to manage screen time limits and restrict access during night hours.
The EU said its investigation, which began in 2024, found that existing time-management tools on Facebook and Instagram could easily be bypassed, while parental controls required technical knowledge that limited their effectiveness.
Regulators also expressed concerns over children’s nighttime use of the platforms and the possibility that features such as Reels and Stories could encourage compulsive behaviour.
If the Commission’s preliminary findings are confirmed, Meta could face a fine of up to six per cent of its annual global revenue under the DSA.
The warning comes as the EU steps up efforts to strengthen online safety measures for children, with an expert panel established by European Commission President Ursula von der Leyen expected to present recommendations on protecting minors online.
Several EU member states, including France, have also supported discussions on restricting social media access for children, following Australia’s decision to ban users under 16 from accessing social media platforms.
Meanwhile, the Commission is continuing a separate investigation into whether Meta’s recommendation algorithms create “rabbit hole” effects by directing users towards increasingly extreme content.
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