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Adenuga, Dangote, Otedola, Rabiu Make 2026 Forbes Africa Billionaires List

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Aliko Dangote, Mike Adenuga, Femi Otedola, and Abdulsamad Rabiu have been named among Africa’s richest individuals in 2026.

According to the latest Africa Billionaires ranking released by Forbes, Dangote retained his position as Africa’s richest man, with an estimated net worth of $28.5 billion. He added about $4.6 billion to his fortune over the past year, largely driven by the strong performance of Dangote Cement on the Nigerian Exchange Limited.

Telecommunications magnate Adenuga also retained his place among Africa’s billionaires.

The founder of Globacom and chairman of Conoil Producing remains one of Nigeria’s most influential entrepreneurs with diversified interests spanning telecoms, oil and gas, and banking.

Otedola, chairman of Geregu Power Plc, also featured on the list despite a slight dip in his wealth over the past year. Forbes estimates that the billionaire investor lost about $200 million following the sale of a majority stake in the power generation company at a discount to its market price.

The increase in Rabiu’s net worth was largely driven by the performance of BUA Cement, whose shares rose 135% over the past year, outperforming the broader rally on the Nigerian stock market.

The 23 billionaires on the continent are now worth a combined $126.7 billion, representing a 21% increase from 2025 after they collectively added $20.3 billion to their net worth.

Across the continent, billionaire fortunes were boosted by strong equity market performance, record corporate profits, and improving currency stability in several African economies.

South Africa remains the highest number of billionaires on the list, with seven individuals, followed by Egypt with five, Nigeria with four, and Morocco with three.

No female billionaires from Africa appeared on the 2026 ranking list.

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ADC Presidential Primary: Hayatu-Deen Alleges Rigging, Withdraws from Results Announcement

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One of the presidential aspirants of the African Democratic Congress (ADC), Mohammed Hayatu-Deen, says he will not attend the announcement of the party’s presidential primary election results, citing allegations of widespread vote rigging.

In a statement on his X handle on Tuesday, Hayatu-Deen expressed concern over reports of electoral irregularities from across the country.

The ADC aspirant noted that he witnessed some of the incidents.

“I will not be attending the announcement of the ADC Presidential Election Results today. I am concerned by reports from across the country of widespread vote rigging, some of which I myself observed, and will therefore be taking advice on my next steps,” the statement read.

The development comes amid keen competition for the ADC presidential ticket involving former Vice President Atiku Abubakar, former Minister of Transportation and former Governor of Rivers State, Chibuike Rotimi Amaechi, and Hayatu-Deen.

The ADC presidential primary election collation exercise will take place in Abuja. Results are expected from across the nation.

Ahead of the nationwide presidential primary held on Monday, the ADC had urged aspirants, party leaders, delegates, and members to conduct themselves peacefully and uphold party unity.

In a statement issued in Abuja on Sunday, the party’s National Publicity Secretary, Bolaji Abdullahi, described the exercise as a defining moment for both the ADC and Nigerians seeking a credible political alternative.

According to him, the party remained committed to internal democracy and a transparent leadership selection process.

“The ADC remains proud to stand today as the only truly democratic party in Nigeria because it is the only political party whose choice of presidential candidate is determined through open primaries,” Abdullahi stated.

The party also stressed that the conduct of aspirants and party members during the exercise would reflect the leadership culture the ADC seeks to promote.

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You’re Not Different from APC, INEC, Amaechi Slams ADC, Rejects Presidential Primary Results

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A former Minister of Transportation, Chibuike Rotimi Amaechi, has rejected the results of the African Democratic Congress (ADC) presidential primaries, alleging widespread voter disenfranchisement and electoral malpractice.

Amaechi, in a statement posted on his X handle on Tuesday, described the outcome of the exercise as “concocted results.”

He said he had earlier made it clear that he would only accept the outcome of the primaries if the process was free, fair and transparent.

“I will not accept results from a process that does not reflect the values that the ADC had pledged to uphold,” he said.

Amaechi alleged that about 80 percent of party members across the country were prevented from voting during the exercise.

“There’s no way that about eighty percent of members of the party were not allowed to vote, and you expect me to accept such results,” he stated.

The former Governor of Rivers State accused the party of engaging in practices it had previously condemned in the ruling All Progressives Congress (APC) and the Independent National Electoral Commission (INEC).

According to him, the ADC cannot criticize vote buying, rigging and manipulation of election results by others while allegedly engaging in similar acts during its own primary.

Amaechi added that the development was unacceptable and contrary to the ideals upon which the party was founded.

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Court Clears Jonathan to Contest 2027 Presidential Election

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A Federal High Court in Abuja has dismissed a suit seeking to bar former President Goodluck Jonathan from contesting the 2027 presidential election, effectively clearing the way for him to participate in the polls if he chooses to run.

Justice Peter Lifu, who delivered judgment in the matter, held that the suit instituted by Johnmary Jideobi lacked merit and amounted to an abuse of court process.

The court further ruled that the plaintiff lacked the legal standing to institute the suit, noting that he failed to show how Jonathan’s possible participation in the election directly affected his interest.

Justice Lifu consequently awarded a total cost of N21 million against the plaintiff — N20 million in favour of Jonathan and N1 million in favour of the Attorney General of the Federation.

The judge described the suit as frivolous and a waste of judicial time, particularly after previous courts had already dismissed similar cases on the same subject.

He cited earlier judgments in Andy Solomon v. Jonathan at the Federal High Court and Cyracus Njoku v. Jonathan at the Court of Appeal, aligning with the decisions and stating that he had “nothing else to add.”

Justice Lifu also expressed dismay that the plaintiff and his counsel continued with the suit despite being aware of the earlier judgments.

The suit, filed in October 2025, sought a determination on whether Jonathan remained constitutionally eligible to contest the presidency in 2027.

The plaintiff argued that Jonathan had exhausted the constitutional two-term limit under Sections 1(1), (2), (3) and 137(3) of the 1999 Constitution, having completed the unexpired tenure of late President Umaru Yar’Adua between 2010 and 2011 before serving a full four-year term after winning the 2011 presidential election.

Jideobi had asked the court to restrain Jonathan from presenting himself as a presidential candidate and to stop the Independent National Electoral Commission (INEC) from accepting or publishing his name as a candidate in the 2027 election or any future presidential contest.
The plaintiff also sought an order directing the Attorney General of the Federation to enforce the requested injunctions if granted.

During proceedings, counsel to the plaintiff maintained that Jonathan had served more than twice in office and was therefore constitutionally barred from seeking another term as president.
Jonathan, INEC and the Attorney General of the Federation were listed as defendants in the suit.

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