T.Y Danjuma expands the treasure trove

With Funsho Arogundade
(08111813063) funshakin@gmail.com
 
Indeed, only very few Nigerian businessmen have built a fortune as quietly and enduringly as the retired General Theophilus Yakubu Danjuma. Since his retirement, 87-year old Danjuma has stepped effortlessly into the boardrooms of global energy and become one of Africa’s most respected oil magnates through his company, South Atlantic Petroleum Ltd. (SAPETRO) founded in 1995.
At a time when Nigeria’s deep offshore was still largely unproven and considered too risky and too expensive by many local players, Danjuma took a huge bet on deepwater. In 1998, his gamble paid off as the Federal Government awarded SAPETRO OPL 246, a...