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Two Nigerian Billionaires had Another Public Feud over the Weekend 

Aliko Dangote, Africa’s wealthiest businessman, published a seven-page advertisement in local newspapers where he laced allegations against his biggest Nigerian competitor, Abdul Samad Rabiu. According to Dangote, Rabiu was behind an attempt to get President Bola Tinubu’s government to embroil Dangote Industries Ltd. in a probe into the Central Bank of Nigeria. Dangote’s companies aren’t under any investigation. Rabiu responded hours later via social media, accusing his rival of a litany of infractions against his business since the early 1990s, including giving him a dud cheque on one occasion. It’s not the first time Nigerian billionaires have publicly expressed beef with one another. Earlier this year, one happened between Femi Otedola and Tony Elumelu over the ownership of Transcorp Plc, a Nigerian conglomerate.

SOURCE: BLOOMBERG