Lest WE Forget:
DANJUMAH SAYS HE DOESN’T KNOW WHAT TO DO WITH HALF BILLION DOLLARS
A former Minister of Defence, Lt.-Gen Theophilus Danjuma, shocked his audience at a consultative meeting his Foundation and some Non-Governmental Organisations had in Abuja on Wednesday when he narrated how he made $500m from an oil business and was in a fix on how to spend it.
The chief executives of the NGOs at the meeting could not believe their ears after hearing Danjuma’s narration.
The former Chief of Army Staff said the $500m, came as his profit from the total of $1bn he had realised from selling an oil block, which was allocated to him 12 years ago.
About $500m had been used to settle some pressing personal issues, pay his staff, and tax to the government. He also said that he was left with ‘just’ $500m after he had taken care of the essentials of life.
(Source: From Pointblanknews.com, February 17, 2010.)