Elumelu seeks $2.5b Japanese investment for Africa
Chairman, Heirs Holdings, Tony Elumelu, has asked Japan to invest $2.5 billion representing five per cent of its $50 billion commitment to Africa. Elumelu, African investor and philanthropist, spoke at the seventh Tokyo International Conference on African Development (TICAD) in Yokohama, Japan. “At TICAD 2016 in Kenya, Japan pledged $30 billion for Africa. This year you have generously increased this to $50 billion. If we invested just five per cent in Africa’s new generation of entrepreneurs, following my Foundation’s robust, proven model of getting capital directly to those best placed to catalyse growth and create real impact, we could touch
Minority Leadership Crisis: PDP Committee meets Elumelu, others
The committee set up by the Peoples Democratic Party (PDP) Board of Trustees (BoT) on Thursday met with Ndudi Elumelu and six other lawmakers. The lawmakers are -Wole Oke, Lynda Ikpeazu, Anayo Edwin, Gideon Gwadi, Toby Okechukwu and Adekoya Abdul-Majid. The lawmakers were suspended by the party over House of Representatives Minority leadership crisis. The committee chaired by former Senate President, Iyorchia Ayu, met with the suspended lawmakers at his Abuja residence. The five-member committee was set-up on Tuesday to intervene in the matter and submit its report within seven days. Members of the committee include are two former Senate
Theresa May Meets Dangote, Otedola, Elumelu, Others In Lagos
British Prime Minister, Theresa May, has arrived at FMDQ Security Exchange building, Victoria Island, Lagos, for a meeting with the Nigerian business community. The prime minister, accompanied by members of her trade delegation, arrived the venue at 6.30 p.m. on Wednesday. He was also welcomed to Lagos by Governor Akinwunmi Ambode of Lagos State. Aliko Dangote, Femi Otedola and Tony Elumelu, among others, had earlier assembled at the venue. The meeting, expected to last for 40 minutes, would provide an opportunity for forging more bilateral relations between Nigeria and the United Kingdom. Ms May had earlier on Wednesday afternoon arrived
