Former Defence Minister, TY Danjuma Splashes N1bn On 300 Years Old London Hotel
Theophilus Danjuma, a former minister of defence, has acquired a 300-year-old hotel in London for N1 billion.
The latest acquisition of the 80-year-old retired army general is a 14-room inn in London.
The Kings Arms Hotel is a 300-year-old inn next to Hampton Court Palace, which once housed Henry VIII, the king of England in 1509.
Hannatu Gentles, the second daughter of Nigerian billionaire, Theophilus Danjuma, says the family does not invest in trophy assets.
“We invest in real estate in other jurisdictions, but in the UK, we always thought let’s stick to areas that we know.”
In 1998, Danjuma was awarded an oil block by Sani Abacha, now deceased head of state.
The family office also manages private equity investments, trust funds and a venture capital arm that funds film companies.
Share it Let Friends Know
Make A Reply Below!