Chief Folawiyo was a cheerful philanthropist during his life.
He invested time and money in the Muslim community, endowed the professorial chair at the University of Lagos and upgraded the University of Lagos’ health centre to a full-fledged hospital.
Since his death, his children have continued to expand and enjoy their father’s wealth.
The most prominent of them, Kola Abiola managed what’s left of his father’s companies, choosing to maintain a low profile. The Danjuma Family The Danjuma family owes its wealth to Theophilus Danjuma, who is one of the most influential persons in Nigerian history.
The former, Adedeji Adeleke, is the founder and Chief Executive of Pacific Holdings Limited which has investments in real estate, banking, transport and oil.
He is also the founder of Adeleke University, a privately-owned tertiary institution in Ede, Ondo State.
Growing up in a family that is anything other than insanely wealthy in Nigeria means there are certain lifestyles you will never have a taste of, except fortune and generational wealth decide to smile on you.
Nigerians know the distinct sound and mannerisms of wealth.
It was from here that he spread his span, starting off a ring of businesses, including the now-defunct Okada Air, Igbinedion University, Kada Plaza and Igbinedion Television.Before his death in 2012, the older Saraki served as a senator in Nigeria’s Second Republic and as chairman of the now-defunct Societe Generale Bank.Bukola Saraki served as Governor of Kwara for two terms before joining the Senate. Perhaps due to its presence in politics and public service, the family has managed to keep most of its financial dealings private.The recently-released Paradise Papers however suggest the presence of real estate assets outside the country. The Tinubu Family The Tinubus The Tinubu name is one that commands heavy respect in most circles in Lagos.However, the pending uncertainties about the parenthood of its most popular member, former Lagos State Governor, Bola Ahmed Tinubu pose a challenge in ascertaining the true extent of the family’s ties.Still, the lists exist and this one compiled by MANUCHE, a youtube channel, seems a bit close to the mark in bringing up some of the most familiar names and a few that have flown beneath the radar for quite a while. The Igbinedion Family: The Igbinedion Family’s patraich is Chief Michael Igbinedion, the Esama of Benin (Kemi Filani) Hidden in the town of Okada, the Igbinedion Family is one of the most powerful families in Edo State and Nigeria’s culturally-diverse South-South.The family’s patriarch is the Esama of Benin, a chief of the Bini Kingdom who was conferred by Oba Akenzua II.Today, these families control wealth, the economy and power in certain areas in ways that only money can in Nigeria where power is the ultimate currency.Whatever attempts to create an exhaustive list or ranking of Nigeria’s wealthiest families would be frustrated by the clear absence of public records or any form of honesty from the members as to how much they are worth.Before deciding to run for office in 1993, Abiola was seen as the wealthiest man in Nigeria.His effusive philanthropy was matched by the extent of his business investments, stretching from banking, finance and education to transport, publishing and oil.