REVEALED: The Woman who Spent N850,000 on Food in one day

It was revealed yesterday at the National Assembly probe that the Director General of the Security and Exchange Commission, Ms Arunma Oteh, spent N850,000 on food in one day, in violation of regulations on how chief executives can spend. She also allegedly stayed eight months in Transcorp Hilton Hotel Abuja at the cost of N30Million.

The House committee that probed her said she's compromised her position by engaging in a spending spree in the last one year she's been in office. But no one said anything abut her resigning.

N850k on food in one day? Well, it's possible. 24ct gold plated amala and ewedu...:-)

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REVEALED: Meet The 2012 African Billionaires

Forbes Magazine has compiled and released the list of richest people in Africa 2011.
The billionaires are mostly South Africans, Nigerians and Egyptians.

This year, a record 1,226 billionaires made it to FORBES’ annual ranking of the World’s richest people. (Carlos Slim Helu is still No.1). African billionaires occupied a little over 1% of the positions on the list. Here are the 16 Africans who made the cut:

Aliko Dangote, $11.2 billion
Nigeria, Sugar, Cement, Flour

Nicky Oppenheimer & family, $6.8 billion
South Africa, Diamonds

Nassef Sawiris, $5.1 billion
Egypt, Construction

Johann Rupert & family, $5.1 billion
South Africa, Luxury Goods

Mike Adenuga, $4.3 billion
Nigeria, telecom, banking, oil

Naguib Sawiris, $3.1 billion
Egypt, Telecom

Christoffel Wiese, $3.1 billion
South Africa, Retailing

Onsi Sawiris, $2.9 billion
Egypt, construction, telecom

Miloud Chaabi, $2.9 billion
Morocco, Real estate

Patrice Motsepe, $2.7 billion
South Africa, Mining

Othman Benjelloun, $2.3 billion
Morocco, banking, insurance

Mohamed Mansour, $1.7 billion
Egypt, Diversified

Anas Sefrioui, $1.6 billion
Morocco, Real estate

Yasseen Mansour, $1.6 billion
Egypt, Diversified

Youssef Mansour, $1.5 billion
Egypt, Diversified


Mohamed Al Fayed, $1.3 billion
Egypt, retailing

Source: Forbes