Alh.AbdulSamad Rabiu


Alh.AbdulSamad Rabiu

Billionaire bizman, AbdulSamad Rabiu no doubt towers above his contemporaries by all indices.

The BUA Group boss bestrides Nigeria, nay Africa, like a colossus. Rabiu is something of a visionary, but at the core of his vision is a profound passion for the industry. Right now, his BUA Group and other core investors are subtly showing deep interest in buying off the moribund telecoms company, Etisalat now 9Mobile, Nigeria. The company, which recently unveiled its new logo and brand identity as 9Mobile, is said to be open to new investors that are willing to invest heavily in such a way that it can get the required amount of money to offset its $1.2 billion bank loan.

The BUA Group has indicated genuine interests to invest in heavily in 9Mobile with a view to acquiring the company. BUA Group and the two operators along with the others are already making plans to submit their memoranda of interest and technical presentations to a consortium of banks.

According to the CEO of 9Mobile, Mr Boye Olusanya, the company is open to new investors and that some of them investors have already shown interest to invest in 9Mobile, with the BUA Group, a fully-fledged, diversified business with big stakes in a wide range of business sectors, is one of these core investors. The avenue appears clear for multi-billionaire businessman, AbduSamad Rabiu, whose business acumen knows no bounds.

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