United States-based financial data media house, Bloomberg, says a former Minister of Defence, Lt.Gen Theophilus Danjuma (retd.), is worth an estimated $1.2bn (N432bn).

This is the first time Danjuma’s net worth would be made public.

Danjuma was mentioned in the Panama Papers in 2017 among prominent Nigerians that operated foreign accounts and had foreign companies while holding public office.

The retired general was also among global personalities found to maintain secret accounts, operated with codes, with the Swiss branch of banking giant, HSBC.

According to Bloomberg’s latest report, Danjuma owns not less than 30 properties worldwide some of which include hotels, luxury apartments and others.

Bloomberg said in a report that Danjuma had also acquired the ‘Kings Arms Hotel’, a 300-year-old inn next to London’s Hampton Court Palace, once the home of King Henry VIII.

It’s set to open soon after refurbishment, with rooms costing about 250 pounds ($318) a night.

The report read in part, “In this most English of settings, it’s fitting the owner is a retired military man still referred to as “General.” But for Theophilus Danjuma, this is just one investment in a network of assets that span at least three continents.

“The 80-year-old Nigerian is worth $1.2bn, according to the Bloomberg Billionaires Index, with his family office managing a portion of that wealth, often through low-key holdings such as the 14-room hotel.”

READ ALSO: Youths block Benin-Ore road over woman’s killing by suspected herdsmen

Hannatu Gentles, the second daughter of the retired general, confirmed to Bloomberg in an interview that the property was indeed bought by the family and would bear the ‘Danjuma’ name.

She said they paid 2.4m pounds (N1.09bn) for the hotel.

Gentles said redevelopment work was expected to end in March, filings show, but the inn’s age and protected status resulted in higher costs and delays.

“This is the first, and will possibly be the last, listed building we’ve worked on,” Gentles said. “It’s taken longer than we wanted, but our name is attached to the building and we want to be proud of our work. It’s been a hard slog.”

Danjuma’s new venture is far removed from civil war and deepwater oil fields, the spheres where he amassed his power and fortune.

In 2006, his South Atlantic Petroleum Ltd. sold almost half its contractor rights for a section off Nigeria’s coast to a state-backed Chinese firm for $1.8bn.

The ex-minister was awarded the block in 1998 by the regime of former dictator and fellow army officer Sani Abacha, making him one of a handful of Nigerians made extraordinarily wealthy from the country’s energy reserves.

“Basically, these people got winning lottery tickets,” said Antony Goldman, founder of West Africa-focused ProMedia Consulting. “At the time, you had a government desperate for credibility that was isolated internationally.” Danjuma was “someone who’s not really a politician, who is respected in business and in the army.”

Danjuma was born in 1938, the year Royal Dutch Shell received its first oil exploration license for the country and more than two decades before it gained independence from Britain.

He dropped out of college in 1960 to join the army, according to “Nigerian Politics in the Age of Yar’Adua” by Bayode Ogunmupe. He gained prominence after participating in the 1966 counter-coup against Nigeria’s first military dictator.

A decade later, he was stepping out of a Rolls-Royce in central London to meet British military officials in his role as chief of staff for Nigeria’s army. He left the military in 1979 and founded his oil firm and a shipping company, NAL-Comet, which now has more than 2,000 employees in Nigeria. Danjuma paid $25m in 1998 for the oil field exploration license that made him a billionaire. A year later, he became Nigeria’s defence minister as the country returned to democracy.

He originally teamed up with Total SA and Brazil’s Petroleo Brasileiro SA on the block. The minority stake that Danjuma’s company now owns is worth $450m, according to Bloomberg’s wealth index.

“Beyond the UK, they own real estate in California and have bought and sold property in Singapore. Their family office also oversees private equity investments, trust funds and a venture capital arm that backs family-run art and film companies. The Danjumas own more than 30 properties worldwide, filings show,” the report stated.

Confirming this, Danjuma’s daughter added, “We invest in real estate in other jurisdictions, but in the UK we always thought let’s stick to areas that we know.”

She noted that her father bought a residence in Singapore years ago, “and it made sense then to buy some more,” she said, adding they’ve since sold the properties because of tax law changes.

In addition to the Kings Arms Hotel, the Danjumas have developed residential properties this year in Esher and Wimbledon. They also own a boutique hotel in Lagos, serving beef carpaccio and lobster bisque in one of three dining areas and displaying works from the family’s art firm.
https://punchng.com/t-y-danjuma-worth-1-2bn-owns-international-hotels-bloomberg/

This are the former leaders that cornered oil blocks and looted the country blind to turn it to the poverty capital and one of the world's biggest shitholes. The present crop of polticians from 1999 to present continued where he left off and now they are all multi millionaires to billionaires in dollars.

And the poverty stricken masses will be shouting APC,PDP, afonja and Ipod-while the fantastically corrupt politicians in APC,PDP and APGA and Ex military Generals who make up 0.01% of the population smile to the bank.

The oil well was the corner stone

Oil money

The role model of Igbos. He is currently fighting for Christians.

OAUTemitayo:
The role model of Igbos. He is currently fighting for Christians.

You have a very low I.Q.

Fulani Jihadists are currently killing his people and occupying their houses in Taraba state as we are talking so. All that the Hausafulanis Muslims killing machine could dig out is TY Danjuma owns Abuja bla bla bla..

God punish una

He is still not worth a quarter of Tinubu so you SW Media people leave him alone jare

SarkinYarki:
He is still not worth a quarter of Tinubu so you SW Media people leave him alone jare

Auditor General of Lagos, please tell us how much Tinubu is worth.

rusher14:


Auditor General of Lagos, please tell us how much Tinubu is worth.

About 18 billion dollars if I am to be modest

SarkinYarki:


About 18 billion dollars if I am to be modest

180 billion dollars.

He's the richest man in the world.

Hope you can adjust your figures now.

rusher14:


180 billion dollars.

He's the richest man in the world.

Hope you can adjust your figures now.

He is not the richest man in the world but one of the richest politically exposed local politician in the world..Tell your SW Media to expose him first before exposing another person

OAUTemitayo:
The role model of Igbos. He is currently fighting for Christians.

You Role model Tinubu is far far far richer than him so go and face him and leave this quiet man alone

ChiefkeefGB4:
This are the former leaders that cornered oil blocks and looted the country blind to turn it to the poverty capital and one of the world's biggest shitholes. The present crop of polticians from 1999 to present continued where he left off and now they are all multi millionaires to billionaires in dollars.

And the poverty stricken masses will be shouting APC,PDP, afonja and Ipod-while the fantastically corrupt politicians in APC,PDP and APGA and Ex military Generals who make up 0.01% of the population smile to the bank.

Deep as it touches the bottom of my heart...
The older generation as encouraged more corruption than the youth

Great

TooMuchStuff:
Fulani Jihadists are currently killing his people and occupying their houses in Taraba state as we are talking so. All that the Hausafulanis Muslims killing machine could dig out is TY Danjuma owns Abuja bla bla bla..

God punish una

Your mind dey there

Next thing is for Efcc to knock on his door

You are only corrupt once you castigate and condemn evil deeds of Buhari

SarkinYarki:


About 18 billion dollars if I am to be modest

So Bloomberg is now your south west media?

Chai.. Nigeria will never recover from the looting of the ex generals.. Buhari included...


Those guys Stole the country blind recklessly... Sometimes I feel Abacha might even be a saint complained to what these animals stole

kemicalreaction:
So Bloomberg is now your south west media?

No the punch that is re broadcasting is SW Media ..we know what they are upto

Instead of Nigerians to call a thief a thief we are tribalising it. Most of our leaders have stolen substantially from the country. Our division is why we can’t fight them.

CLEAR PIMPLES AND ACNE IN TWO WEEKS.
Checkout my signature for more details

jumobi1:
Instead of Nigerians to call a thief a thief we are tribalising it. Most of our leaders have stolen substantially from the country. Our division is why we can’t fight them.

Where did Danjuma steal your money , he retired from govt in the 70s and set up a thriving oil exploration business ..Go and call your Tinubu Thief and leave Danjuma alone

rusher14:


180 billion dollars.

He's the richest man in the world.

Hope you can adjust your figures now.

He can't be as rich as Vladmir Putin

yinkeys:

He can't be as rich as Vladmir Putin

Ask SarkinYaki.

ChiefkeefGB4:
This are the former leaders that cornered oil blocks and looted the country blind to turn it to the poverty capital and one of the world's biggest shitholes. The present crop of polticians from 1999 to present continued where he left off and now they are all multi millionaires to billionaires in dollars.

And the poverty stricken masses will be shouting APC,PDP, afonja and Ipod-while the fantastically corrupt politicians in APC,PDP and APGA and Ex military Generals who make up 0.01% of the population smile to the bank.

Yes they will be shouting IPod, while serious Africans will be shouting IPOB.

Danjuma murdered Ironsi, is a war criminal, but see what the Nigger Area did for criminals, turning them into billionaires while the land is a shythole

Where is Davido and Adeboye naaah

No, the same TY Danjuma that is fighting hard for Christians? Nah bloombergunut is a Muslim's website. It is only because TY is showing Muslims pepper.

Yeye dey smell

ChiefkeefGB4:
United States-based financial data media house, Bloomberg, says a former Minister of Defence, Lt.Gen Theophilus Danjuma (retd.), is worth an estimated $1.2bn (N432bn).

This is the first time Danjuma’s net worth would be made public.

Danjuma was mentioned in the Panama Papers in 2017 among prominent Nigerians that operated foreign accounts and had foreign companies while holding public office.

The retired general was also among global personalities found to maintain secret accounts, operated with codes, with the Swiss branch of banking giant, HSBC.

According to Bloomberg’s latest report, Danjuma owns not less than 30 properties worldwide some of which include hotels, luxury apartments and others.

Bloomberg said in a report that Danjuma had also acquired the ‘Kings Arms Hotel’, a 300-year-old inn next to London’s Hampton Court Palace, once the home of King Henry VIII.

It’s set to open soon after refurbishment, with rooms costing about 250 pounds ($318) a night.

The report read in part, “In this most English of settings, it’s fitting the owner is a retired military man still referred to as “General.” But for Theophilus Danjuma, this is just one investment in a network of assets that span at least three continents.

“The 80-year-old Nigerian is worth $1.2bn, according to the Bloomberg Billionaires Index, with his family office managing a portion of that wealth, often through low-key holdings such as the 14-room hotel.”

READ ALSO: Youths block Benin-Ore road over woman’s killing by suspected herdsmen

Hannatu Gentles, the second daughter of the retired general, confirmed to Bloomberg in an interview that the property was indeed bought by the family and would bear the ‘Danjuma’ name.

She said they paid 2.4m pounds (N1.09bn) for the hotel.

Gentles said redevelopment work was expected to end in March, filings show, but the inn’s age and protected status resulted in higher costs and delays.

“This is the first, and will possibly be the last, listed building we’ve worked on,” Gentles said. “It’s taken longer than we wanted, but our name is attached to the building and we want to be proud of our work. It’s been a hard slog.”

Danjuma’s new venture is far removed from civil war and deepwater oil fields, the spheres where he amassed his power and fortune.

In 2006, his South Atlantic Petroleum Ltd. sold almost half its contractor rights for a section off Nigeria’s coast to a state-backed Chinese firm for $1.8bn.

The ex-minister was awarded the block in 1998 by the regime of former dictator and fellow army officer Sani Abacha, making him one of a handful of Nigerians made extraordinarily wealthy from the country’s energy reserves.

“Basically, these people got winning lottery tickets,” said Antony Goldman, founder of West Africa-focused ProMedia Consulting. “At the time, you had a government desperate for credibility that was isolated internationally.” Danjuma was “someone who’s not really a politician, who is respected in business and in the army.”

Danjuma was born in 1938, the year Royal Dutch Shell received its first oil exploration license for the country and more than two decades before it gained independence from Britain.

He dropped out of college in 1960 to join the army, according to “Nigerian Politics in the Age of Yar’Adua” by Bayode Ogunmupe. He gained prominence after participating in the 1966 counter-coup against Nigeria’s first military dictator.

A decade later, he was stepping out of a Rolls-Royce in central London to meet British military officials in his role as chief of staff for Nigeria’s army. He left the military in 1979 and founded his oil firm and a shipping company, NAL-Comet, which now has more than 2,000 employees in Nigeria. Danjuma paid $25m in 1998 for the oil field exploration license that made him a billionaire. A year later, he became Nigeria’s defence minister as the country returned to democracy.

He originally teamed up with Total SA and Brazil’s Petroleo Brasileiro SA on the block. The minority stake that Danjuma’s company now owns is worth $450m, according to Bloomberg’s wealth index.

“Beyond the UK, they own real estate in California and have bought and sold property in Singapore. Their family office also oversees private equity investments, trust funds and a venture capital arm that backs family-run art and film companies. The Danjumas own more than 30 properties worldwide, filings show,” the report stated.

Confirming this, Danjuma’s daughter added, “We invest in real estate in other jurisdictions, but in the UK we always thought let’s stick to areas that we know.”

She noted that her father bought a residence in Singapore years ago, “and it made sense then to buy some more,” she said, adding they’ve since sold the properties because of tax law changes.

In addition to the Kings Arms Hotel, the Danjumas have developed residential properties this year in Esher and Wimbledon. They also own a boutique hotel in Lagos, serving beef carpaccio and lobster bisque in one of three dining areas and displaying works from the family’s art firm.
https://punchng.com/t-y-danjuma-worth-1-2bn-owns-international-hotels-bloomberg/

[s]

Banmeallday:


Yes they will be shouting IPod, while serious Africans will be shouting IPOB.

Danjuma murdered Ironsi, is a war criminal, but see what the Nigger Area did for criminals, turning them into billionaires while the land is a shythole

Where is Davido and Adeboye naaah

[/s]

iPod are the most pathetic things you will ever come across. The same TY that murdered blabla is an iPod hero, the same obj they hated for defeating beerfraud in war is an ipob hero, the same FFK that claimed to have slept with Bianca is an ipob hero, no group comes as pathetic as Ipob in all ramifications.

ChiefkeefGB4:

You have a very low I.Q.

With an I.Q. that low it's a miracle that he can talk!

I should tag this"PRAISING THE MILITARY KILLERS AND LOOTERS OF NIGER DELTA OIL"
This is a country where we celebrate looters as they walk free and we burn to death yam thieves...I need cold sachet water to calm my nerves ��