Finance
Forbes releases 2019 list of richest men in Africa; Dangote tops [See top 21]
Nigeria’s Aliko Dangote has retained his place as the richest man in Africa.
He remained number one on the newly released Forbes’ list of African billionaires.
He, however, lost almost $2bn compared to his last year’s worth.
The list was released on Wednesday.
Dangote’s estimated $10.3 billion net worth is nearly $2 billion less than a year ago.
Another Nigerian, Folorunsho Alakija was one of the billionaires, who suffered a drop in their net worth between last year and this year, as she held No 19 on the 20-man list.
The rating magazine reports that Alakija’s net worth dropped due to a decline in the value of one of Nigeria’s most productive oil fields.
Mike Adenuga, the owner of Globacom, emerged Africa’s 5th richest man. He is worth an estimated $9.2 billion.
Others are Nigeria’s cement mogul Abdulsamad Rabiu, who runs and owns the BUA Group, standing at number 16 on the list for the first time since 2015.
Here are the richest Africa’s Billionaires
1. Aliko Dangote – $12.2 billion net worth
2. Nicky Oppenheimer – $7.7 billion net worth
3. Johann Rupert – $7.2 billion net worth
4. Nassef Sawiris – $6.8 billion net worth
5. Mike Adenuga – $5.3 billion net worth
6. Naguib Sawaris – $4 billion net worth
7. Issad Regrab – $4 billion net worth
8. Koos Becker – $2.8 billion net worth
9. Mohamed Mansour – $2.7 billion net worth
10. Patrice Motsepe – $2.4 billion net worth
11. Aziz Akhannouch – $2.2 billion net worth
12. Yasseen Mansour – $1.9 billion net worth
13. Strive Masiyiwa – $1.7 billion net worth
14. Othman Benjelloun – $1.6 billion net worth
15. Mohammed Dewji – $1.5 billion net worth
16. Youssef Mansour – $1.4 billion net worth
17. Stephen Saad – $1.2 billion net worth
18. Michiel Le Roux – $1.2 billion net worth
19. Onsi Sawiris – $1.2 billion net worth
20. Desmond Sacco – $1.1 billion net worth 21. Christoeffel Wiese – $1.1 billion net worth
Finance
Banks To Now Charge 0.5% Cybersecurity Levy As Directed By CBN; Netizens React
The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on some transactions done by their customers.
The apex bank gave the directive in a circular dated May 6, 2024 and sent to all commercial, merchant, non-interest and payment service banks as well as mobile money operators and payment service providers.
“Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 and pursuant to the provision of Section 44 (2) (a) of the Act, ‘a levy of 0.5% (0.005) equivalent to a half percent of all electronic transactions value by the business specified in the Second Schedule of the Act’, is to be remitted to the National Cybersecurity Fund (NCF), which shall be administered by the Office of the National Security Adviser (ONSA),” the circular partly read.
The apex bank said that the implementation of the levy would start two weeks from the date of the circular.
“The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. The deducted amount shall be reflected in the customer’s account with the narration, ‘Cybersecurity Levy’. Deductions shall commence within two weeks from the date of this circular for all financial institutions and the monthly remittance of the levies collected in bulk to the NCF account domiciled at the CBN by the fifth business day of every subsequent month,” the circular said
The apex bank added that this new levy will not be applied on transactions such as loan disbursements and repayments, salary payments, intra-account transfers within the same bank or between different banks for the same customer, intra-bank transfers between customers of the same bank.
Also exempted from the levy were inter-branch transfers within a bank, cheque clearing and settlements, Letters of Credits, Banks’ recapitalisation-related funding only bulk funds movement from collection accounts, savings and deposits including transactions involving long-term investments, among others.
This current implementation however is not sitting well with some netizens as they reacted to the new development.
Here were some of their reactions from X.
Finance
EFCC Chairman Tasks Nigerian Youths Against Crimes And Fraudulent Acts
The Chairman of Economic Finance Crime Commission (EFCC), Ola Olukoyede, has stressed the need for Nigerian Youth to see themselves as agents of positive change that have a lot to contribute to the socioeconomic development of the Nation.
Speaking at the 2nd edition of a Leadership Trainings Programme in Abuja, Olukoyede, who was represented by the Head Enlightenment and Re-orientation unit, (EFCC), Aisha Mohammed, said the commission’s dream is to see the youth contribute meaningfully to the society, emphasizing on the need to work together in bringing positive change to society.
The Economic and Financial Crimes Commission Boss declared the readiness of his agency to work with all Stakeholders, including the youth towards changing the narrative and reposition the country to greater exploit.
Also speaking, the representative of the Executive Secretary of Tertiary Education Trust Fund (TETFUND), Sonny Echono, appealed to the youths is to eschew social vices that could deter their full potential in life.
Other speakers at the event, including the Chairperson, Zero Tolerance for Social Immoralities Initiative (ZEITI) Africa, Rasak Jeje called on all stakeholders to join hands in collective pursuit of empowering new generation of leaders to curb the rising tides of social Vice among Nigerian youths.
The Chairperson, Zero Tolerance for Social Immoralities Initiative (ZEITI) Africa, Rasak Jeje made the call while addressing journalists at the 2nd edition of it Leadership Trainings Programme in Abuja on Thursday.
He said the training was aimed to intimate students leaders with knowledge and insights that will help them drive positive change and become exemplary leaders in their respective spheres.
Finance
AISA Has Refunded The Fees Paid By Yahaya Bello To EFCC
The Economic and Financial Crimes Commission (EFCC) says the American International School Abuja (AISA) has refunded the fees paid by the immediate past governor of Kogi state, Yahaya Bello, for his children attending the school.
In response to a letter addressed to the Lagos zonal commander of the EFCC, the school said $845,852 was paid in tuition “since the 7th of September 2021 to date”.
AISA said the sum to be refunded is $760,910 because it had deducted educational services already rendered.
“Please forward to us an official written request, with the authentic banking details of the EFCC, for the refund of the above-mentioned funds as previously indicated as part of your investigation into the alleged money laundering activities by the Bello family.
Since the 7th September 2021 to date, $845,852.84 (Eight Hundred and Forty-Five Thousand, Eight Hundred and Fifty Two US Dollars and eighty four cents) in tuition and other fees has been deposited into our Bank account.
We have calculated the net amount to be transferred and refunded to the State, after deducting the educational services rendered as $760,910.84. (Seven Hundred and Sixty Thousand, Nine Hundred and Ten US Dollars and Eighty Four cents).
No further additional fees are expected in respect of tuition as the students’ fees have now been settled until they graduate from ASIA.”
In a chat with The Cable, the spokesperson of the EFCC, Dele Oyewale, confirmed that the school has refunded the money.
‘’The money has been paid into public account,” Dele Oyewale was quoted as saying
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