Former Minister of Defence, Lt. Gen. Theophilus Danjuma is estimated to be worth $1.2 billion (N432bn) according to a new report by the US-based financial data media house, Bloomberg.
This report brings Danjuma’s net-worth to the public for the first time. It was reported that the retired general was among global personalities found to maintain secret accounts operated with codes, with the Swiss branch of the banking giant, HSBC.
Danjuma was mentioned in the Panama Papers of 2017 as one of the prominent Nigerians that operated foreign accounts and had foreign companies while holding public office.
According to the latest report by Bloomberg, Danjuma owns more than 30 properties worldwide, including hotels like the ‘Kings Arms Hotel’, a 300-year-old inn next to London’s Hampton Court Palace, once the home of King Henry VIII, which is said to open soon, with rooms costing £250 ($318) a night and other luxury properties.
The ex-minister was awarded an oil block in 1998, by the regime of Nigeria’s former dictator, Gen. Sani Abacha, from which he made so much money from the country’s oil reserves.