Former Defence Minister, TY Danjuma Splashes N1bn On 300 Years Old London Hotel

Published 2 weeks ago by: kacy lee
at 06:53 AM, 27/06/2019 (2 weeks ago)

(22940 | Addicted Hero) (f)


Theophilus Danjuma, a former minister of defence, has acquired a 300-year-old hotel in London for N1 billion.
TY Danjuma, as he is popularly referred to, is now worth $1.2 billion according to Bloomberg Billionaires Index.
The latest acquisition of the 80-year-old retired army general is a 14-room inn in London.

The Kings Arms Hotel is a 300-year-old inn next to Hampton Court Palace, which once housed Henry VIII, the king of England in 1509.
At present, the hotel is undergoing renovation. Upon launch, a room is estimated to cost £250 per night.





Hannatu Gentles, the second daughter of Nigerian billionaire, Theophilus Danjuma, says the family does not invest in trophy assets.
“We never tend to look at trophy assets. We’re not going to head to Mayfair to buy a 15 million-pound apartment primarily because we are a yield business,” Gentles, who is the chief operating officer of her father’s London-based family business, told Bloomberg.

“We invest in real estate in other jurisdictions, but in the UK, we always thought let’s stick to areas that we know.”
Asides the £2.4 million (1,096,662,240) hotel, the family has invested in more than 30 properties across three continents.

In 1998, Danjuma was awarded an oil block by Sani Abacha, now deceased head of state.
He left the military in 1979 to start his oil and shipping firm, NAL-Comet. He partnered with Total SA and Petrelo Brasileiro SA on the block. His minority stake in the oil block is now worth $450 million.

The family office also manages private equity investments, trust funds and a venture capital arm that funds film companies.
His charity work is done through his foundation after he pledged to give away $100 million.
*£1 = N456

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Henrybobo at 07:29 AM, 27/06/2019 (2 weeks ago)
(987 | Upcoming) (m)

Hmm ok
Reply
Wazubia at 07:38 AM, 27/06/2019 (2 weeks ago)
(5168 | Gistmaniac) (m)

OUR OIL MONEY,,
Reply
horizontal at 07:38 AM, 27/06/2019 (2 weeks ago)
(2751 | Gistmaniac) (f)

AFRICAN LEADER'S WHAT WILL YOU TELL GOD TOMORROW ,KIDS GOES TO BED HUNGRY,KIDS NO SCHOOL UNIFORM,TEXTBOOK EVEN SCHOOL FEES,KIDS ARE GETTING EARLY EMPLOYMENT,KIDS ARE ALL OVER ON THE STREET,THEY ARE INVESTING IN OVERSEAS ...OK
Reply
nametalkam at 08:10 AM, 27/06/2019 (2 weeks ago)
(16383 | Hero) (m)

foreign landlord

Reply
Baye77 at 08:14 AM, 27/06/2019 (2 weeks ago)
(2834 | Gistmaniac) (m)

Yea...that's our oil money...
Reply
kp45 at 08:54 AM, 27/06/2019 (2 weeks ago)
(9948 | Hero) (m)

Wasteful leaders fighting corruption.
Reply
ngfineface at 10:51 AM, 27/06/2019 (2 weeks ago)
(8921 | Hero) (f)

With stolen money. Devil fire all of una
Reply
Brave5500 at 11:10 AM, 27/06/2019 (2 weeks ago)
(548 | Upcoming) (m)

Bubuhari said he is fighting corruption wat can one say EFCcat going after less privilege go and fight from d top not from d buttom A*#Ss useless idoitic fools from d pit of hell.. U r looking for fraud this is one of them
Reply

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