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Forbes 2023 Index: Dangote Still Africa’s Richest for 12th Consecutive Year  

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Aliko Dangote

 

…Listed among world’s top 200 richest persons

For the 12th year consecutively, Aliko Dangote, President of the pan-African Conglomerate, the Dangote Group has emerged the richest man in Africa, despite economic headwinds that affected the fortunes of half of the world’s reported billionaires.

Dangote, whose business flagship, Dangote Cement Plc is the largest producer of cement in Africa, is the only Nigerian in the list of first 200 richest men in the world with an estimated net worth of $14.2 billion, up from last year’s $12.1 billion.

Forbes, in its latest ranking of world billionaires for 2023 reported that falling stocks, wounded unicorns and rising interest rates translated into a down year for the world’s wealthiest people.

Dangote, presently ranked 124th among the world’s richest billionaires, is the only Nigerian in the top 200 world billionaires and one of the two Africans within that bracket; with South Africa’s Johann Rupert, who deals in luxury goods ranked 157th with a net worth of $11.1 billion.

The Africa’s richest man founded and chairs Dangote Cement, the continent’s largest cement producer. Dangote Cement has production capacity of 51.6 million tonnes per year across ten countries in Sub-Saharan Africa, with integrated factories in seven countries, a clinker grinding plant in Cameroon, and import and distribution facilities in Ghana and Sierra Leone.

Dangote also owns stakes in publicly traded Dangote Salt (NASCON) and Dangote Sugar manufacturing companies. His Dangote Petroleum Refinery, touted to be the world’s largest single-train refinery, was recently commissioned and is expected to process 650,000 bpd of petroleum for domestic consumption and export; in what experts have described as a game changer in the oil and gas sector.

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The foremost philanthropist had earlier been rated 11th of the 50 World’ Greatest men and women of all time by the Fortune Magazine, an American multinational business magazine which premised the ranking of the world’s greatest mainly on the businesses run by the men and how they have used it to impact their society positively.

The time-tested magazine, which first edition was published in February 1930, said the world’s greatest men and women are transforming the world and inspiring others to do so in business, government, philanthropy and the arts. “These thinkers, speakers, and doers make bold choices and take big risks- and move others to do the same”, the magazine declared.

Specifically, Dangote earned nomination after being adjudged as having used his business to acquire wealth and is now converting his wealth into impactful philanthropy through his Aliko Dangote Foundation.

The top 10 greatest men and women, according to Fortune Magazine are: Bill and Melinda Gates, Jacinda Ardem, Robert Mueller, Pony Ma, Satya Nadella, Greta Thunberg, Margrethe Vestager, Anna Nimiriano, Jose Andres, and Dough Mcmillon and Lisa Woods.

 

The ranking of Dangote as one of the greatest business leaders had attracted comments by eminent persons around the world who described him as worthy of the nomination going by his business acumen and philanthropic gestures.

On the billionaires ranking for 2023, Forbes, the global media company said nearly half the world richest list are poorer than a year ago, including Elon Musk with net worth of $180b, falling from No. 1 to No. 2 after his pricey acquisition of Twitter helped sink Tesla, his multinational automotive and clean energy company.

Benard Arnault, the 74-year old French, who is the head of luxury goods giant LVMH, was ranked number one richest man in the world with a net worth of $211b, the very first time a France national will top the list.

Forbes reported that the party is over for many of the world’s richest people. For the second straight year, both the number of billionaires around the globe has declined from 2,668 in 2022 to 2,640 in 2023 and total billionaire wealth has dropped, too – down by $500 billion, to $12.2 trillion – as turbulent times have hit both public and private markets.

Nearly half the planet’s billionaires are poorer than they were a year ago. A total of 254 people have lost their billionaire status altogether yet others recorded gains.

Overall, the United States still boasts the most billionaires, with 735 list members worth a collective $4.5 trillion. China (including Hong Kong and Macau) remains second, with 562 billionaires worth $2 trillion, followed by India, with 169 billionaires worth $675 billion. To calculate net worths, Forbes used stock prices and exchange rates from March 10, 2023.

 

 

 

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Former Humanitarian Minister Sadiya Farouq Asks Court to Set Aside Arrest Warrant Against Her

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By Yusuf Danjuma Yunusa

Sadiya Farouq, a former Minister of Humanitarian Affairs, Disaster Management and Social Development, on Monday prayed an Abuja High Court to set aside a bench warrant issued against her.

The court had granted the Economic and Financial Crimes Commission (EFCC) leave to arraign Ms Farouq on April 16, alongside a former permanent secretary in the ministry, Bashir Alkali and Sani Mohammed.

Again, Ms Farouq failed to appear as ordered by the court, but both the second and third accused persons were present.

The Prosecution Counsel, Oluwaleke Atolagbe, told the court that the first defendant was absent.

Ms Farouq’s counsel, Oladipo Opeseyi, SAN, told the court that his client was not in court on medical grounds.

He prayed that the court hear his application.

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Mr Atolagbe, however, objected to the request, arguing that the arraignment had not been done.

“According to the records of the court, the application cannot be heard until after arraignment,” he said.

He said that the first defendant’s counsel promised to produce his client.

“I object to the submission of the prosecution, saying the application cannot be heard until after arraignment,” Mr Opeseyi said.

He said the application was preliminary in a criminal matter and was ripe for hearing under the law.

“If the court cannot hear it, it is tantamount to abandonment. An arraignment is the prosecution presenting the accused person to the court,” he said.

At this juncture, the court asked the first defendant’s counsel when his client would be in court.

In response, Mr Opeseyi told the court that the 10-day holiday in Egypt made it impossible to communicate with his client.

Secondly, he said, “We are not the medical doctors to give the conditions of her health.”

He further stated that the application in question sought that the court set aside the warrant of arrest issued against the first defendant on April 16.

Justice Jude Onwuegbuzie said, “The court needs to know how to act.

“The court is aware that you are not the medical doctor and neither is the court”.

The judge, however, allowed the first defendant‘s application to be heard.

The first defendant’s counsel, Mr Oluseyi, argued his application, urging the court to grant it and set aside the warrant of arrest issued on his client.

Opposing the application, Mr Atolagbe urged the court not to grant the application.

In addition, he urged the court to discountenance all the medical reports submitted by the first defendant, because they lacked credibility.

Justice Onwuegbuzie, after listening to the submissions, adjourned until June 10 to rule on the application.

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Kano Thuggery: Residents Flee, Raise Alarm Over Rising Violence, Criminal Activities in Bachirawa Community

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Residents of Bachirawa and surrounding communities in Kano State have raised concerns over what they describe as a worsening security situation marked by violent clashes, criminal activities, and the displacement of residents.

The concerns were contained in a statement issued by the Bachirawa Consensus Development Association (BCDA), which alleged that recurring violence linked to rival groups has continued to threaten lives and property in the area.

According to the association, tensions have escalated in recent weeks, particularly around Bachirawa, Ungogo, Kwanar Ungogo, NRC Road, and the Bayan Waya (Makera) axis. The group claimed that the unrest has been fueled by activities attributed to rival factions identified by residents as Habun Daidai and Tsalha Maikare.

The association further alleged that criminal elements involved in drug trafficking and other unlawful activities have established strongholds in parts of the area, particularly around Kwanar Ungogo Market and adjoining communities. The claims, however, have not been independently verified by security authorities.

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Residents said the persistent violence has created fear among community members, forcing many families to flee their homes in search of safety. They also alleged that several houses had been destroyed during the unrest, leaving affected residents homeless and facing significant economic hardship.

According to the statement, the violence intensified during the Eid-el-Kabir celebrations and continued through June 6, 2026, disrupting normal activities and creating an atmosphere of insecurity across the affected communities.

The BCDA expressed concern over what it described as inadequate intervention by relevant authorities, urging security agencies to take decisive action to restore peace and order in the area.

The association specifically appealed to the Kano State Commissioner of Police to review the deployment of personnel within the Bachirawa and Ungogo Police Divisions as part of efforts to strengthen security and rebuild public confidence.

The group also called on the Kano State Government under Governor Abba Kabiru Yusuf to conduct an independent assessment of the security challenges facing the area.

“We appeal to His Excellency to either visit the community personally or send a high-powered delegation to investigate the situation and assess the conditions in Kwanar Ungogo Market, which residents believe has become a major hub for criminal activities,” the statement said.

The association further referenced an incident involving an alleged assault on a resident, claiming that a suspect identified as Baffa remains at large. The group expressed concern over the alleged lack of progress in the case and called for a thorough investigation by security agencies.

Community leaders said the deteriorating security situation has continued to affect social and economic activities, with many residents living in fear of further violence.

They urged security agencies and government authorities to take immediate steps to address the underlying causes of the unrest, apprehend those responsible for criminal acts, and provide protection for law-abiding residents.

The residents maintained that urgent intervention is needed to prevent further escalation and restore peace to Bachirawa and neighboring communities.

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Kebbi Police Arrest Seven Suspected Terrorists in Intelligence-Led Operations

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The Kebbi State Police Command has recorded a major breakthrough in its ongoing fight against terrorism and banditry with the arrest of seven suspected terrorists during coordinated intelligence-led operations in Bagudo Local Government Area of the state.

The suspects were apprehended on June 5, 2026, during a series of security operations targeting criminal networks operating within the Soda Forest axis and surrounding border communities. The operations form part of the Command’s sustained efforts to dismantle terrorist cells, disrupt logistics channels, and curb violent crimes across affected areas.

According to a statement issued by the Police Public Relations Officer, Kebbi State Command, SP Bashir Usman, security operatives acting on credible intelligence intercepted three suspects along the Illo–Lolo Road while they were travelling on a Haojue motorcycle from the Soda Forest area towards nearby border communities.

Preliminary investigations revealed that the suspects were allegedly on a mission to procure food supplies intended for criminal elements hiding within the forest. The suspects were identified as Muhammadu Bande, Aliyu Abubakar, and Muhammadu Aliyu. The motorcycle used by the suspects was also recovered during the operation.

In a separate operation conducted along the Bakin Ruwa–Ka’oje axis, security operatives arrested four additional suspects identified as Haruna Abubakar, Abubakar Lawali, Anme Shehu, and Yahaya Shehu. The arrests were made as police intensified efforts to dismantle criminal networks and deny suspected terrorists freedom of movement within the area.

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Police authorities disclosed that all seven suspects are currently in custody and are assisting investigators. Ongoing investigations are expected to determine the full extent of their alleged involvement in criminal activities and establish possible connections to recent security incidents in the area, including an attack that resulted in the deaths of three officials of the Federal Road Safety Corps (FRSC).

The Command stated that the suspects would be charged to court upon the conclusion of investigations.

Speaking on the development, the Commissioner of Police, Kebbi State Command, CP Umar M. Hadejia, described the arrests as a significant operational success in the state’s ongoing campaign against terrorism, banditry, and other forms of violent crime.

He commended the professionalism, resilience, and dedication of the operatives involved in the operations, noting that their efforts had contributed significantly to improving security in affected communities. The police commissioner also expressed appreciation to members of the public whose timely and credible information aided the success of the operations.

CP Hadejia reaffirmed the Command’s commitment to sustaining intelligence-driven policing strategies aimed at dismantling criminal networks, disrupting their supply chains, and restoring lasting peace and security across Kebbi State.

He further urged residents to remain vigilant and continue collaborating with security agencies by providing useful and timely information on suspicious activities. According to him, all information received from members of the public would be treated with the highest level of confidentiality.

The Kebbi State Police Command assured residents that efforts to combat terrorism, banditry, and related crimes would continue unabated, adding that further updates would be provided as investigations progress.

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