In March this year, Forbes published its annual rankings of the world's richest people. Mike Adenuga, who debuted on the list, was ranked as the second richest Nigerian, with a net worth of $2 billion, while Nigerian Aliko Dangote was valued at$13.8 billion.
But shortly after the list was published, controversy erupted in Nigerian media circles. Several Nigerian analysts and Adenuga’s staff refuted our valuation. Iwas bombarded with emails and messages requesting to know the criteria we used in valuing individuals’ wealth, and our rationale for valuing Adenuga so low. Read more http://lindaikeji.blogspot.com/2011/07/mike-adenuga-might-be-africas-richest.html#more
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