DANGOTE TELLS WEALTHY NIGERIANS TO STOP BUYING ROLLS-ROYCE. (PHOTO).

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 Dangote tells wealthy Nigerians to stop buying Rolls-Royce Africa’s number one billionaire and Chairman of Dangote Group, Alhaji Aliko Dangote, has called on wealthy Nigerians to redirect funds currently spent on luxury items such as Rolls-Royce cars and private jets into establishing industries that drive economic growth and create employment opportunities. Speaking after a meeting with President Bola Tinubu at Aso Rock Villa on Saturday, Dangote lamented the culture of extravagant consumption, stressing that the nation’s development depends heavily on the responsibility of local investors. “If you look at the Nigerian policy before, during the military, everybody from the president downwards used Peugeot 504. That was the highest. So, when a president is using 504, you cannot come as a commoner, as a businessman, or whoever you are, to be using Rolls-Royce,” he said. Dangote criticised the proliferation of private jets at Nigerian airports, arguing that such wealth would be bett...
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NIGERIA & SWITZERLAND,HAVE SIGNED AN AGREEMENT THAT PAVES WAY FOR THE RETURN OF $300 MILLION ABACHA LOOT.

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                        Vice President of Nigeria Yemi Osinbajo said yesterday tuesday that Nigeria and Switzerland have signed an agreement that paves the way for the return of more that $300 million confiscated from the family of the Nigeria's former military ruler,Sani Abacha.Laolu Akande,a spokesman for Nigerian Vice President Yemi Osinbajo,said in an emailed statement that Nigeria's attorney general signed a letter of intent,under the terms of which Switzerland will award Nigeria $321 million acquired by the Abacha family.Swiss authorities said the letter of intent was also signed by its head of the Federal Department of Foreign Affairs,Didier Burkhalter and marks an important step toward the return of assets monitored by the world bank.Transparency International,a corruption watchdog,has accused Abacha of stealing up to $5 billion of public money during the five years he ran Nigeria as president from 1993 until his death in 1998.More photos below.                                           

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