Nigerian Billionaire, Tony Elumelu among 2020 100 most influential people

TIME has named Nigerian billionaire Tony Elumelu, in the 2020 Time 100, the annual list of the 100 most influential people in the world.

The other two Nigerians include Tomi Adeyemi and Tunji Funsho.

Mr Elumelu is acknowledged as one of Africa’s leading investors and philanthropists for his achievements in business, industry and development not only in Nigeria in particular, but also in Africa in general.

The list, now in its 17th year, recognises the activism, innovation, and achievement of the world’s most influential individuals in their respective fields of human endeavour.

Tony Elumelu is the Founder and Chairman of Heirs Holdings, his family owned investment company, committed to improving lives and transforming Africa, through long-term investments in strategic sectors of the African economy, including financial services, hospitality, power, energy and healthcare.

He is chairman of top pan-African financial services group, the United Bank for Africa (UBA), which operates in 20 countries in Africa, the United Kingdom, France, and is the only African bank with a commercial deposit taking licence in the United States.

UBA is reputed to be the only African bank with a commercial deposit taking licence in the United States.

The bank provides corporate, commercial, SME and consumer banking services to more than 21 million customers globally, The Nation reports.