The children of the late Chief M.K.O Abiola have publicly aired their dissociation from an alleged fraudulent actions being done by two of their siblings.

In a statement released by the late Nigerian politician’s descendants, the family disclaims any business transactions conducted by their siblings who are self-appointed directors of Summit Oil Company Limited.

History had that the late MKO Abiola was one of the wealthiest men in Africa when he was alive. By the late 1980s, he was recognized as the richest man in Nigeria – a notion he constantly denied, but he agreed that he was the biggest philanthropist in Africa.

His wealth wasn’t only accrued from his involvement in the Nigerian oil sector as a magnate but from a varied number of investments and businesses that included aviation, farming, printing, publishing, communication and well as banking.

While he was alive, he had in his business empire Abiola Farms, Abiola Bookshops, Radio Communications Nigeria, Wonder Bakeries, Concord Press, Banuso Fisheries, Concord Airlines, Summit Oil International Ltd, Africa Ocean Lines, Habib Bank, Decca W.A. Ltd, and Abiola Football Club.

In the 1980s, Abiola’s firms and companies employed over 5,000 people in Nigeria and all over the West African subregion.

Unconfirmed reports estimated Abiola’s net worth to be over $1 billion before death.

This was arrived at by valuing his major and flourishing businesses which were said to be at over $1 billion in assets.

Abiola was a jolly good fellow and he lived to the fullest. Long before a report that he was one of the richest Africans, Abiola had been flying private jets with several luxurious properties scattered across Nigeria, United Kingdom and the United States of America.