Forbes Says Nigerian Mogul Tony Elumelu Makes $123 Million In 3 Weeks...Well Not Physically

Forbes  says It’s just paper gains, but it counts. Nigerian banker Tony O. Elumelu has become at least $123 million richer between November 1 and November 21 as shares of Transcorp PLC, a Nigerian-Stock Exchange-listed conglomerate surged 186% in that period.




''Transnational Corporation Of Nigeria, usually referred to as Transcorp, is an emerging conglomerate holding investments in