Abimbola Akinde

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Nigerian billionaire gifts $20.7 million to long-serving employees
The founder and chairman of BUA Group has handed out $20.7 million in cash to long-serving employees, underlining his commitment to the people powering one of Africa’s largest industrial conglomerates.

From senior executives to frontline staff, nearly 1,800 employees shared in the windfall, a move that reinforces Rabiu’s reputation as a billionaire who invests not just in factories and infrastructure, but in the livelihoods of those who make his business thrive.
The payouts were announced on Saturday, Dec. 13, 2025, at the BUA Night of Excellence.