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Tony Elumelu Bags Three Nominations On African Economic Merit Awards



Nigerian billionaire entrepreneur-investor and founder of the Tony Elumelu Foundation, Mr Tony Elumelu, has been nominated into three categories of the 2019 African Economic Merit Awards (AEMA).

Elumelu was nominated Philanthropist of the Year alongside Tsitsi Masiyiwa (Zimbabwe), Manu Chandaria (Kenya) and Williams Uchemba (Nigeria).

He was also nominated as the African Economic Merit Awards Man of the Year and his NGO, the Tony Elumelu Foundation, was also nominated as the NGO of the year.

It would be recalled that last week, Richtopia, a digital periodical that covers business, economic and financial news, based in the United Kingdom (UK) recognised Elumelu as one the most charitable people on earth alongside Africa’s richest man, Aliko Dangote.

The list was unveiled at the weekend at World Plaque ceremony by the organisers of the continental award. Founder of AEMA, McEva Temofe, said it is designed to recognise hard work, creativity and prudency. He said the platform was built on merit to pioneer growth for Africans and gives Africa an economic face-lift.

Temofe explained that AEMA aims to unveil successful African entrepreneurs and unrecognised Non-Governmental Organisations (NGOs) that have contributed immensely to the development of communities through humanitarian and empowerment initiatives to the world.

Elumelu owns a controlling interest in Transcorp, a publicly traded Nigerian conglomerate with interests in hospitality, agriculture, oil production and power generation.

He came into limelight in 1997 when he led a small group of investors to take over a small, floundering commercial bank in Lagos.

He turned it profitable within a few years and in 2005, he merged it with the United Bank for Africa. That banking group now has subsidiaries in 20 African countries and in the US and UK. Elumelu also owns extensive real estate across Nigeria and a minority stake in mobile telecom firm, MTN Nigeria, among other assets.

Other Nigerians nominated for the award include; Aliko Dangote for African Economic Merit Awards Hero Of The Year Award, Mo’ Abudu for African Economic Merit Awards Woman of the Year and Obiageli Ezekwesili was nominated for African Economic Merit Awards Africa’s Leading Voice.

Also, late Dora Akunyili was nominated for African Economic Merit Awards Posthumous Hero Of The Year Award and the Sultan Abubakar III and Oba Ewuare II African Economic Merit Awards Monarch Of The Year. Others are Globacom and Peak Milk for African Economic Merit Awards Africa’s Brand Choice Awards.



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