‘Money talks, but wealth whispers,’ he says with a smile, sitting back in the bar at Claridge’s – his idea – and lazily sipping an elderflower juice. No wonder the managing director of Harrods and the chief executive of Gieves & Hawkes inveigh against the government’s proposed policy of demanding a £3,000 cash bond for a visa from visitors from Nigeria, Ghana and four Asian countries. ‘So I’m looking for a Porsche or an Aston Martin.’ He laughs. He gave himself a £28m jet in April 2010, as a 53rd birthday present. Dangote has a net worth of $19.2 billion, based on May 8 stock prices, up from the $16.1 billion net worth FORBES calculated for the 2013 Billionaires list … Today’s front covers of newspapers around the world, COVID-19: CACOVID donates Incinerator, 260 Oxygen cylinder to LASG, AVON, UBA Partner on Bespoke Health Plans for Children, FIRSTBANK UNVEILS FIRSTSME ACCOUNT, REITERATES ITS COMMITMENT TO THE CONTINUED GROWTH OF SMES, Dangote Grooms Nigerian Engineers to Manage Refinery Complex on Completion, Hollandia Yoghurt Signs On Zainab Balogun-Nwachukwu As Brand Ambassador, Cameroon jails Notorious Cross Dresser, vindicate Runsewe’s stand against Culture deviant, CDFIPB reviews Immigration ranking, elevates spokesman, thousand others, ROBBERY SCANDAL ROCKS INTERCONTINENTAL HOTEL, OPINION: Jonathan’s neglect of Yorubas exposed, Nigeria prisons congested, inadequately funded-Prisons CG raises alarm, News Of The People Crafted By Every Man Technologies. Let’s party!”‘. Kessie Edewor-Thorley was there, and Nacho Figueras, and two of Karim’s own polo ponies, outside the store – the other 10 were, as usual, at the Royal County of Berkshire Polo Club. But in the entertainment industry, no – it’s just not spilling over.’ But soon, maybe…. You wouldn’t get good money for it if it wasn’t polished. Group Managing Director and Chief Executive Officer, Shoreline Natural Resources. All of which might seem jarring from a country of 170 million people, 70 per cent of whom live on under £1.25 a day. But far more important for Karim is showing that there are ‘better and better prospects’ for his continent. Perhaps William would be more in tune with Anthony Adebo. ‘I’ve got an aunt who runs a port authority.’ As Cuppy says: ‘We’ve got a cabinet with five or six female members, which is pretty much unheard of. Reply Delete. The Super Lifestyle Of Nigerians In London: Kola Karim, Richard Vedelago, Rotimi Alakija, Other Top the List Cuppy and Father with father's boat below : Richard Vedelago is 29 years old and worth more millions than he’s prepared to tell. Television commercial for the Dangaote Group. ‘Closely followed by Prince Charles, of course.’ Nigeria and the UK; a special relationship indeed. ‘There’s a lot of money to be made; you don’t have to be the one on TV, the one in the forefront. When I went back, there was an open audition to be the new face of a channel, and I got it.’ She’s been with her show for five seasons and she’s now the only presenter – ‘It’s a bit like E! Who is Kola Karim? It further gained $600m in the first seven days of 2021, but lost all of it and more last Friday. Required fields are marked *. She felt suffocated. ‘You could make a killing,’ says Cuppy Otedola, who loves Topshop – perhaps Sir Philip Green should take note. Others have risen, such as Kola Karim (pictured second from left) of Shoreline and and Austin Avuru of Seplat Petroleum. The Super Lifestyle of Nigerians in London: Kola Karim, Richard Vedelago, Rotimi Alakija, others top the list, Richard Vedelago is 29 years old and worth more millions than he’s prepared to tell. Shoreline Group, the conglomerate he founded and controls, has tentacles in oil exploration and … But, for Nigerians, home is a pressure cooker and London is where they relax. If you give yourself a year and a half to settle in… But it was tough for me. Karim is said to owe FCMB loans given for “business”. Grow Africa: Technological Impediments To Fundamental Human Rights... October 23, 2018. A discussion with Shoreline Natural Resources Chairman Kola Karim November 10, 2017 no comments 1617 Business , Education , Entertainment , Top Stories Kola Karim… His net worth had climbed to 25 billion several years ago. A weekly update of what’s on the Global Agenda. Chin Okeke – whose father is a prominent lawyer who’s been honorary legal counsel to the British High Commissioner since 1989, and whose partner was once Nigeria’s foreign minister – manages both Eku and ‘music superstar’ Lynxxx and is setting up an innovative branding/music enterprise. ‘Because Africa’s like a pair of shoes. You don’t have to go to Mars, or Lagos, to see the fruits of that in action. ‘I’m a TV presenter. But that ‘premium economy’ jibe sums up a claustrophobic sense that all social eyes are upon you in Lagos, one that has contributed to Adora Mba leaving her oil-world job in Lagos and moving into a job in marketing consultancy in Mayfair. Either the guy wants to collect your money, or not.’. Total consumption reached 752,879 bottles in 2011 and the country is spending around 41.41bn naira (£159m) on the drink annually. ‘It’s glitzy and glamorous,’ says Vedelago. Style bogger Temi Otedola, 19, is the daughter of one of Nigeria's richest men and has dined with Valentino and attended the opera in Milan with her mother as guests of Bottega Veneta. They don’t necessarily want to shop in Abuja, because they may think the quality of the food is better here. ‘Who knows if I’ll go back? A Porsche to go to the gym.’, Kola Karim does drive a very lovely, very yellow Ferrari Italia 458 here in London, one of two he was given by ‘generous friends – good friends’. Kola Karim is the founder and CEO of Shoreline Energy International which is an oil and gas company based out of Nigeria. Very successful.’ (Misan Harriman helped set it up, and Cartier have been in touch with him about a similar event; he sees great potential in acting as a conduit between Nigeria and the West.) He had it parked recently in Chelsea, ‘and this lady said her son wouldlove to have a picture with the car. It’s ‘if someone wants basic food – milk, bread, cheese, yogurt – I’ll go somewhere like Whole Foods, and I’ll pick up the principal [her employer] on the way to Farnborough and load it on the plane and send it off.’ It could be for a dinner or ‘it could be their everyday food. He said that the goose needs to be protected and that is why Guyanese must make it their business to find out what is going on in preparation for first oil. There’s a market for expensive cars, despite the potholed state of most Nigerian roads, and Porsche has opened up there; its Cayenne 4x4s do well, as do Jeep Wranglers and the Mercedes G-Wagon. There’s a lot of ignorance around.’ Ignorance that ranges from stewardesses automatically shepherding you towards economy to policemen pulling you and your Ferrari over. Kola has dedicated is time and focus on Environmental Law and principles in the natural resources sector in Africa and holds a LLM Masters of Laws degree in international business Law. Think about the marketing. Ibori had plenty of it: he paid £2.2m in cash for his house in Hampstead when his official salary was £3,700 a year. It’s normal. Was she being racist? One’s owned by Cuppy’s father, Femi Otedola -his net worth is an estimated £2.2bn – and the other belongs to Aliko Dangote, Africa’s richest man, with a net worth of £10.1bn via a conglomerate ranging from cement to sugar refining by way of oil. Meantime, Akinloye hangs out with a ‘creative’ Nigerian crowd in London, one that detests the moneyed scene. ‘York because that’s where the trade really started in the UK – all the mills were up there. So I have one family who loves the sausages they get from Whole Foods. ‘What team did I play for? MAN ABOUT TOWN View my complete profile. Kola Karim becomes Agbaoye of Ibadan land AFTER the passing away of Harry Akande on December 5, 2020, at the age of 77, the race for who succeeds the billionaire as the Agbaoye of Ibadan land begun. Premier Tax Free also says that Nigerians account for 46.3 per cent of total African sales in London, and that the fastest-growing region for international sales in the UK this year has been Africa, whose spend has risen by 45 per cent year on year. Selfridges is a favourite, as is Harrods, which has been looking for Yoruba-speaking staff – the research unit at the shopping company Premier Tax Free reports that, for Knightsbridge, ‘Nigerian spend so far this year has increased by 52 per cent’. And the scones.’ Private: it’s the only way for scones to travel. And money certainly sloshes around Lagos today, the product not just of the black gold that oil brings and has brought since oil production started in 1958, but of the property boom (land on Lagos’s Banana Island is as expensive as any on earth), the banking boom, the telecoms boom, the high-life boom. She spent only four of her very young years in Nigeria. So the Ferrari in the garage hasn’t done 500 miles in three years.’ Vedelago had a Lamborghini in London, as well as a Bentley, but he drove it so little that he ditched it. January 10, 2021; ENTERTAINMENT; INSIDE STORY; LIFESTYLE; NEWS; VIDEOS; Follow. That sort of background isn’t uncommon among Nigerians who’ve been educated here. Even on Victoria Island – ‘the Island,’ as the locals call the smartest part of Lagos – the roads are potholed and the electricity intermittent at best. The scene’s moved on, but £10,000 nights are spoken of, though not admitted to, by all the beautifully spoken and exquisitely mannered people I speak to. About. When Vedelago returned to Nigeria – like many in this story, he went to prep and boarding school in England (King Edward’s School, in Surrey, in his case) – a friend told him, ‘You’ve got to learn to swim with the sharks.’ Eku (who went to Benenden) has done that, but others find the cut-throat hustling, the hassle, the corruption, the sheer in-your-faceness too much to handle. For them, ostentation is symptomatic of the destruction of moral values in Nigeria. But, says one English Africanist, ‘Nigerians respect power, and they respect money.’ People believe ‘my time will come’, says Folarin Gbadebo-Smith, director of the Centre for Public Policy Alternatives in Lagos. Meanwhile, they can have a good time. Karim… Nigerians are this country’s sixth-highest foreign spenders, racking up an average £628 in each shop, four times what the average British shopper coughs up. ‘Yeah,’ cackles Kessie, relishing the absurdity, ‘you hear people saying, “And they travelled premium economy!”‘. 8 Layers of Prosper Assouline. Others too are keen on private jets, not least because BA’s London flights are packed and expensive – Nigerian newspapers rage at the comparative cost of first-class tickets to London from Lagos and Accra, both being much the same distance and Accra half the cost. Kenya Unveils Tourism Promotion Plans … Kola has 1 job listed on their profile. He worked as an adviser to Oriental Energy, a Nigerian Exploration and Production company from 2004 to 2010. Mordashov’s net worth is estimated to $18,7 billions. There’s been an explosion of beach culture on the Island – think Miami, a favourite Nigerian haunt – and the young things go to clubs like Likwid and Rhapsody’s, dancing to the likes of Wizkid, a singer who marked his 24th birthday in London with what was reported to be a £1.2m diamond-encrusted bottle of Taste of Diamonds champagne (created by ‘luxury designer’ Alexander Amosu) bought for him by Liam Payne of One Direction. Dangote recently praised the government’s policies, and he, Otedola and many others have had close ties to Nigeria’s politicians – as has the ‘stupendously rich’ Senator Andy Uba, who’s married to Richard Vedelago’s beautiful sister, Faith, herself the founder of Faith Ministries, a popular and successful church. Karim’s son plays polo too, as does his brother, though Karim’s handicap’s gone down from +2 to 0, ‘with so much work going on. For some time now, one of the probing questions on the lips of many, especially those who are familiar with his antecedents, is: What is Kola Karim up to? More than 140,000 Nigerians come here annually – why make Paris a more welcoming option? If you go to Lagos thinking that’s what you deserve, then it’s going to be very hard for you – you’ve got to adapt. The Nigerian now residing in London whom he’d really like to interview is James Ibori, a former governor of Delta State who’s in jail for 13 years for money laundering and fraud. But Karim, a very successful businessman who’s taken his mother’s trading company into construction and oil, does indeed encounter racism. And first class it just has to be. ‘When mankind finally gets to Mars,’ chortles Ateh Jewel, who has both a film production company and a beauty business, ‘they’ll finda Nigerian already there, cutting a deal.’. Followers. Meanwhile, Florence (‘Cuppy’) Otedola, the 20-year-old ex-King’s School Canterbury daughter of Femi Otedola, one of Nigeria’s richest men, studies business and French at King’s College London, while DJing at Privé, Jalouse, District, Funky Buddha and D’Den, a truly Nigerian club in Finchley Road. Not that Nigerian old money is entirely happy with what it sees as gross ostentation: it is, says another founding father’s daughter, ‘vulgar’. Newer Post Older Post Home. Nigerian Multi-Millionaire Kola Karim Signs Joint Venture With Portuguese Construction Giant July 16, 2018 Daily News Europe and MENA Top Stories Shoreline Group , a Nigerian energy and industrial conglomerate controlled by Nigerian multi-millionaire Kola Karim, has formed a joint venture with Mota-Engil , a pubic listed Portuguese contractor with a strong presence in southern Africa. Still, champagne’s the thing: even in fast-food joints like Southern Fried Chicken in Abuja, the capital, there are bottles of Moët in the fridge. He is dogged and determined, and … (Sixty-two per cent of them are under 25.) Reply. Top 5 Restaurants With The Best Food And... November 28, 2018 . Still, he thinks that in 2015 a new political grouping, the All Progressive Congress, may unseat the People’s Democratic Party, the conservative and economically neoliberal party that has held power since 1999. ‘I can’t go out in my sweats any more; I’m always seeing people I know.’ People who’ll tell her mother, a restaurateur and decorator who’s the daughter of the Obarisi and Olokun (which, Kessie helpfully explains, mean ‘King of All Kings’ and ‘King Maker’) of the Urhobo Kingdom of Delta State; her maternal grandmother was a princess, educated at UCL and called to the bar at Lincoln’s Inn. And Cuppy, who toured Nigeria with her first single, ‘I Love My Country’, this summer (which led to online abuse, saying, effectively, ‘Of course she does, she’s a billionaire’s daughter’), is going to do a master’s in music business in New York. You’ll find 44-year-old Kola Karim, the boss of Shoreline Energy International, playing polo with the Duke of Cambridge and Prince Harry at Lord Lloyd-Webber’s private estate; see old Wykehamist Anthony Adebo, who sprinted and fenced for England, having breakfast at Colbert and late nights at Boujis; hear Kessiana (‘Kessie’) Edewor-Thorley roaring with laughter over drinks at Bluebird as she mockingly says that for moneyed young Nigerians in London, it’s Cirque du Soir on a Monday, ‘that awful place Dukebox’ on a Tuesday and Loulou’s on a Thursday. An avid polo player, Karim was named Young Global Leader class of 2008 by the World Economic Forum, Forbes.com reports. The share price of Dangote Cement Plc, the country’s biggest listed company and Africa’s largest cement producer, tumbled by 8.13 per cent to close at N225 on Friday from N244.90 on Thursday. Your email address will not be published. 3K. But for those who go private… Well, Ansemu Fagonpa is a 36-year-old South African who manages ‘the family office’ of a very select group of families from ‘very much the upper end of Nigerian society’; all are worth more than £100m and 10 per cent of that is in liquid cash. Although he knows – and put me in touch with – many in this article, he’s less on the scene, working as a journalist for the London-based Think Africa Press. Downstream marketers, some of whom made unseen fortunes from opaque contracts signed with the Nigerian National Petroleum Corporation, will … That whispering is not, the oil, gas, property, telecoms and menswear tycoon goes on, typical of a Nigerian mindset: ‘Very loud, quite brash, larger than life -even if you’re just having a family meal, everything’s over the top all the time. Beautifully turned out in a silverish-grey suit of his own design, a mildly hungover Adebo sits before me, picking at an omelette in a central London restaurant. Share on Facebook; Share on Twitter; Share via Email ; Categorized in : Culture.
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