T.Y. Danjuma worth $1.2bn, owns international hotels, oil block – Bloomberg

A United States based financial data media house, Bloomberg, says a former Minister of Defence, Lt. Gen. Theophilus Danjuma (retd.), is worth about $1.2bn (N432bn).

This is the first time Danjuma’s net worth would be made public.

Danjuma was mentioned in the Panama Papers in 2017 among prominent Nigerians that operated foreign accounts and had foreign companies while holding public office.

The retired general was also among global personalities found to maintain secret accounts, operated with codes, with the Swiss branch of banking giant, HSBC.

He has neither been investigated nor charged by the Federal Government till today.

According to Bloomberg’s latest report, Danjuma owns not less than 30 properties worldwide some of which include hotels and luxury apartments.

Bloomberg said in a report that Danjuma had also acquired the ‘Kings Arms Hotel,’a 300-year-old inn next to London’s Hampton Court Palace, once the home of King Henry VIII.

It’s set to open soon after refurbishment, with rooms costing about 250 British pounds ($318) per night.

The report read in part, “In this most English of settings, it’s fitting the owner is a retired military man still referred to as “General.” But for Theophilus Danjuma, this is just one investment in a network of assets that span at least three continents.

“The 80-year-old Nigerian is worth $1.2bn, according to the Bloomberg Billionaires Index, with his family office managing a portion of that wealth, often through low-key holdings such as the 14-room hotel.”

The second daughter of the retired general, Hannatu Gentles, confirmed to Bloomberg in an interview that the property was indeed bought by the family and would bear Danjuma’s name.

She said they paid 2.4m British pounds (N1.09bn) for the hotel.