
News
Three Nigerians who made Forbes’ 2023 Billionaires List
Forbes magazine released a list of 2,460 individual billionaires for its 2023 Billionaires list.
Three Nigerians were on the list of the 2,460 individual billionaires globally
Here are the three Nigerians on the list:
1. Aliko Dangote:
Aliko Dangote is the founder and president/chief executive of the Dangote Group, the largest conglomerate in West Africa. He is the richest person in Africa.

One of the Group’s subsidiaries, Dangote Cement Plc, is the largest listed company in West Africa and the first Nigerian company to join the Forbes Global 2000 Companies list.
2. Abdul Samad Rabiu:
Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining, and real estate.
The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.2% of it.
He set up his own business in 1988 importing iron, steel, and chemicals.
He is No. 4 on the Africa’s billionaires list
3. Mike Adenuga:
Chief Michael Adeniyi Agbolade Ishola Adenuga Jr is a Nigerian billionaire businessman and the third richest person in Africa.
His company Globacom is Nigeria’s second-largest telecom operator and also has a presence in Ghana and Benin.
He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company).
Forbes estimated his net worth at $6.2 billion as of May 2021
He is the sixth on Africa’s billionaires list.
Entertainment
Dolly Parton, Queen of Country Music, dies at 80
Country music legend and Hollywood star, Dolly Parton, has died at the age of 80, her family has announced.
Parton’s nephew, Brian Seaver, announced her death on Tuesday in a video shared on her social media account, describing the moment as one of “absolute pride and great sadness”. The family did not immediately disclose the cause of death.
The Tennessee-born singer, songwriter, actress and philanthropist enjoyed a career spanning more than six decades and became one of the most recognisable figures in American popular culture.

Late Dolly Parton
Known as the “Queen of Country”, Parton sold more than 100 million records worldwide and earned numerous honours, including multiple Grammy Awards. Her enduring hits included “Jolene”, “I Will Always Love You”, “9 to 5” and “Coat of Many Colors”.

Her death came after a period of health challenges. In May, Parton announced the cancellation of a Las Vegas performance, revealing that she had been undergoing treatment for kidney stones and was also dealing with problems affecting her immune and digestive systems.
Just days before her death, Parton had indicated that she was still determined to work despite acknowledging that she had slowed down following the death of her husband, Carl Dean, in March 2025.
“Even though I’m still healin’, I’m still workin’!” she said, insisting that she still had many things she wanted to accomplish.
Parton was born on January 19, 1946, in Locust Ridge, Tennessee, the fourth of 12 children in a poor family. She grew up in the Appalachian region, where her mother’s love for traditional music helped nurture her passion for singing and songwriting.
She began performing as a child and moved to Nashville shortly after graduating from high school in 1964. Her songwriting talent soon earned her recognition, before she established herself as a major recording artiste.
Parton’s breakthrough included “Jolene”, which became one of her signature songs. Her composition “I Will Always Love You” later became a global hit for Whitney Houston after the singer recorded it for the 1992 film The Bodyguard.
Beyond music, Parton built a successful acting career, starring in films including 9 to 5, Steel Magnolias and The Best Little Whorehouse in Texas. She also became a prominent businesswoman through Dollywood, the theme park she established in Tennessee in 1986.
Her influence extended well beyond entertainment. Parton founded the Dollywood Foundation and its Imagination Library initiative, which provides free books to children, making childhood literacy one of the major causes associated with her name.
She also donated $1 million to coronavirus research at Vanderbilt University in 2020, funding that contributed to research that later helped in the development of Moderna’s COVID-19 vaccine.
Parton’s personal life also attracted public interest. She married Carl Dean in 1966, and the couple remained together for nearly six decades until his death in 2025. They had no children.
Despite her global fame, Parton remained closely connected to her Tennessee roots and used her success to support communities, education, healthcare and other charitable causes.
Her death brings to an end the life of an entertainer whose influence crossed generations, musical genres and national boundaries, leaving behind a vast catalogue of songs and a philanthropic legacy that extended far beyond country music.
News
NFIU uncovers how terrorist financiers use women’s bank accounts, crowdfunding in operations
Terrorist financiers are opening bank accounts in women’s names and secretly using them to move illicit funds, according to the Nigerian Financial Intelligence Unit (NFIU).
NFIU, in its recently released 2025 Annual Report, stated that the tactic was among the emerging terrorist-financing methods identified in its analysis of financial crime trends for 2025.
It said terrorists’ male commanders and logistics managers secretly control accounts opened in the names of wives, sisters and female associates.
“Terrorist financiers are opening bank accounts in women’s names while male commanders and logistics managers secretly control them.
“They exploit cultural norms that make women less likely to be suspected by authorities, using wives, sisters, or female associates as fronts to distance illicit funds from the true operatives,” the report stated.

Some of the women whose accounts were used may have remained unaware of the transactions and the volume of funds moving through their accounts, the report revealed.
It also identified disconnected phone registration as another method used by terrorist facilitators.
The Unit described the practice as identity laundering, saying the men may possess the ATM cards, mobile-banking credentials and PINs associated with the accounts.
“This tactic functions as identity laundering: women’s accounts are managed by men who hold ATM cards, mobile-banking credentials, and PINs, while the women often remain unaware of the transactions and volumes,” it said.
Phone numbers
According to the report, facilitators use phone numbers for mobile banking or account alerts that are not registered to the actual account holder or beneficiary.
The Unit said pre-registered SIM cards, SIMs registered to deceased persons and SIMs connected to gender-based proxies could be used to break the link between the phone number and the actual beneficiary, making it more difficult for investigators to trace the transactions.
“They bypass the security link between SIM cards and Bank Verification Numbers (BVNs) by using pre-registered SIMs, SIMs registered to deceased people, or SIMs tied to gender-based proxies.
“This severs the audit trail: when a transaction is flagged, investigators trace the phone to an unrelated person, letting the real facilitator stay anonymous and continue operations,” NFIU stated.
Coded transaction descriptions
NFIU also said terrorist cells, particularly those linked to the Islamic State West Africa Province (ISWAP), use detailed transaction narrations as part of their internal financial accounting.
It said the groups use precise descriptions for logistics-related payments sent from a single source to multiple recipients.
The report said the apparently detailed narrations could create an internal audit trail for the terrorist organisation, even though they appear counterintuitive from a financial-monitoring perspective.
The Unit further identified the use of coded messages in transaction descriptions, saying facilitators use innocuous words, secret codes and alphanumeric strings, sometimes switching languages, to avoid automated filters that could flag terms associated with terrorism.
NFIU said the tactic obscures the purpose of transfers and can allow terrorist financing to continue.
“Facilitators use this coded language, often switching languages to evade banks’ automated keyword filters that flag terms like ‘Jihad,’ ‘Arms,’ or ‘Boko.’
“This practice obscures the true purpose of transfers, preventing detection and enabling continued financing,” the Unit revealed.
Crowdfunding, remittance apps
NFIU also documented a four-stage crowdfunding network through which terrorist funds could be collected and moved to Nigeria.
It said a foreign-based facilitator could launch social-media campaigns presented as humanitarian relief or educational support, directing donors to payment pages or bank accounts.
According to the report, hundreds of sympathisers could make relatively small donations, which NFIU said were less likely to trigger automated anti-money-laundering alerts.
“Hundreds of sympathizer donors contribute $50–$500 each, amounts small enough to avoid most automated AML alerts,” it said.
The funds would then be consolidated in a master account before being split into smaller payments and transferred through international money-transfer operators and remittance applications to a network of Nigerian money mules.
NFIU said students, small-business owners and relatives could be used as money mules in the process.
It added that the recipients could convert the funds to cash, purchase dual-use items or transfer the money through mobile banking to logistics managers and field operatives.
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