News
“Forbes” Richest Men List is Bad Copy of Original
The recent ranking of the richest men in Nigeria reportedly credited to Forbes has stirred a varied assortment of comments not just for the controversial listing of some of greatest debtors in the country but for revealing some golden fishes that have hid in the background for some time.
But for what it was worth, that list was a bad photocopy of the original: it was original to a blog called Strategic Business Team.
Anyways, Forbes Africa has cleared the air on the purported list saying “The information that was published in a recent article that made reference to a list of the wealthiest Nigerian businessmen was not created nor produced by Forbes Africa or its parent company, Forbes”
“Forbes Africa, its parent company in the United States, its affiliates and subsidiaries including staff, hereby unequivocally disassociates itself from the article, the content, thereof and any information that is related to it” it said.
But at the risk of maligning the list, Aliko Dangote was justifiably ranked as the richest African in the world just as “Forbes “ was spot on with Mike Adenuga who has hands in every profitable pie.
There are a few others where “Forbes “got it right after looking at the shares they held in quoted companies; the size; and market share of their companies; the number of companies they own; and its assumed value; the market value of their company’s brand; and the impact of their companies on the Nigerian economy.
But one name that stood out in the Forbes list is Leonard Stanley Nnamdi Ekeh generally known as Leo-Stan, a man who nearly lost his head selling international commodities.
Leo-Stan, a first rate economist, risk manager and digital entrepreneur has built an enviable business empire with his bare hands and special God’s favour.
Nigeria CommunicationsWeek assumes that “Forbes did not contemptibly rank its list in the order it appeared because Leo-Stan and his companies are arguably the only ones in the country not trading with banks’ or other peoples’ money.
He is a solid digital entrepreneur and an Icon of Hope, who has given Nigeria IT identity in the international community.
Leo-Stan is a motivational leader whose vision to “Computerize Nigeria” has reshaped the history of information Technology in the Nigeria in particular and the Third World in general.
He pioneered Desktop Publishing and Computer Graphics in Nigeria, with his first company, Task Systems Ltd in 1989.
Through Task Systems Ltd, he succeeded in computerizing 95% of the Print Media, Advertising Agencies and Publishing Houses in Nigeria! This was just the first step in a journey that would revolutionize the Nigerian Media and Multi – Media sector.
Following his success with his first company, he pioneered the distribution of ICT products in West Africa with Technology Distributions Ltd.
This company is now the No.1 ICT distribution company in Sub Saharan Africa. Under his leadership, Technology Distributions Ltd. has become one of the most recognized and decorated distribution companies in Nigeria and Africa as a whole.
For years, TD has consistently won awards for outstanding performance in areas such as market penetration, revenue generation and preferred partner status.
The Securities and Exchange Commission has revealed plans to commence investigation into the activities of an entity operating under FF Tiffany, allegedly running a fraudulent investment scheme that has defrauded citizens.
A statement by the SEC on Tuesday in Abuja said preliminary information revealed that the scheme, which promised investors unusually high and unrealistic returns, had resulted in the loss of several billions of naira.
The SEC said it viewed the activity as a threat to investor confidence and the overall integrity of the financial system.
The commission assured the public that it was working closely with law enforcement agencies and other relevant bodies to bring everyone involved in the unlawful operation to justice.
According to SEC, those found culpable will be prosecuted in accordance with the Investment and Securities Act and regulatory provisions.
SEC reiterated its earlier warnings to the general public to desist from engaging in Ponzi or unregistered investment schemes that promised guaranteed or exaggerated returns.
“These schemes are not registered with the SEC and do not offer investor protection under the law.
“The commission is currently investigating 79 schemes and will make a statement on its findings at the conclusion of the investigation,” the SEC said.
The commission encouraged investors to conduct due diligence and verify the registration status of any investment firm or product by visiting the SEC website or contacting the commission directly through official channels.
SEC said it remained committed to its mandate of protecting investors, ensuring fair practices, and maintaining confidence in Nigeria’s capital market.
The Ogun Tech Hub in Abeokuta, Nigeria received a significant step towards increasing digital access and empowering young people as US Embassy in Nigeria launched the ‘Window on America’ facility.
The newly opened centre will offer free high-speed internet, computer access, and targeted programs to help young Nigerians build essential skills in technology, entrepreneurship, and leadership.
In a post on X (previously Twitter), the US Embassy described the hub as a modern ICT and resource centre meant to promote digital inclusion and provide youths with skills.
“Hello Abeokuta! We’re thrilled to announce the opening of the Ogun Tech Hub Window on America. This dynamic space offers free high-speed internet, computers, and programs to help young people gain tech, leadership, and entrepreneurial skills,” the Embassy wrote.
The facility was established in collaboration with the Ogun State and GFA Technologies, a software solutions provider for startups and SMEs.
The Embassy said the facility is part of its wider network of 29 American hubs across Nigeria, designed to empower youth and broaden access to global knowledge and opportunities.
Speaking during the launch, Ogun State governor Dapo Abiodun urged young people to use the ICT industry for self-sufficiency and competitiveness globally.
He lauded the program as a public-private cooperation that connects Nigerian youngsters with global innovations.
The governor said: “The Ogun Tech Hub serves as a collaborative space for technologists, startups, and social entrepreneurs to develop tech-driven solutions for societal challenges. The partnership is aimed at positioning Ogun State as a leading tech hub in Africa, supporting creative problem-solving and commercial innovation.”
With the ‘Window on America’ program fully operational, Ogun State is well-positioned to boost youth empowerment and digital literacy.
MTN @ Swish Fusion Summit, Showcases 5G Rollout Strategy
Zenith Banks Leads as 8 Banks Suffer N156Bn Impairment Charges
SEC Flags FF Tiffany as Ponzi Scheme
Olatunji, NDPC Boss Calls for Integrated Strategy on Data Privacy, Cyber-Security
AccionMonie App to Empower Low-Income Households
Broadcasting3 days agoNigeria Week Ahead: Inflation, Oil and Naira in focus
News3 days agoEFCC: Accusations Against Our Chairman Are Baseless and Misleading
Telecom2 days agoNCC Introduces N10m Licence Fee for Bulk SMS Service
Telecom2 days agoMTN Nigeria Targets $1Bn Cloud Market with Largest Modular Data Centre
General News2 days agoWoodhall Capital and Partners Launch ₦1.5Bn Fund
E-Business2 days agoFirm Highlights Top Risks of Quantum Computing
General News2 days agoBurna Boy Distances Himself from Meme Coin, Labels Crypto as Fraud
Telecom2 days agoPAT Taps Osi as CEO