BUA founder, Abdulsamad Rabiu is owner of luxury yacht spotted in France with Nigerian flag

 

The Chief Executive Officer of BUA Group, Abdulsamad Rabiu, is the owner of the luxury Yacht spotted in France with the Nigerian flag.

The presence of the Yacht had caused uproar on social media with netizens wondering if the Nigerian government had quietly purchased it.

Former chairman of the National Human Rights Commission, Chidi Odinkalu, commented on it via X. “In St. Tropez, the crested #GreenWhiteGreen flutters aloft the #YachtForTheAges. At home, it is treason to even see it; say so or tell anyone,” he wrote.

In reaction on Saturday, Otega Ogra, Senior Special Assistant to President Bola Tinubu on Digital and New Media, said on X that the yacht belongs to a private individual and that flags used by the president or armed forces do not contain the coat of arms like the one on the yacht.

But a report by an online newspaper, TheNiche revealed that the yacht belongs to the chairman of BUA Group, Abdul Samad Rabiu, one of Nigeria’s publicity-shy billionaires.

 

Rabiu’s business success affords him the luxury of possessing some of the world’s most expensive and prized acquisitions.

Sources close to him revealed he has a penchant for grandeur and sophistication despite his quiet lifestyle.

The billionaire jets around the world on an 8-seater Gulfstream G550 worth $44.9 million. The jet is powered by a Rolls-Royce BR710 turbofan engine.

His 8-seater Gulfstream G550 private jet features a comfortable, productive and impeccably equipped cabin with up to four living areas and ample storage space.

Also for ease of travel, Rabiu owns a Legacy 600 business jet which carries 13 passengers in three partitioned sections for 3,050 nautical miles or 8 passengers for 3,450 nautical miles.

It was gathered that the businessman has a Bentley, Aston Martin, Armoured Mercedes Benz G-Wagon, Mercedes Benz S-Class and Toyota Land Cruiser Prado SUV parked in his courtyard.

Rabiu’s house in Gloucester Square, London, United Kingdom is reportedly worth about $16 million. The edifice stands as a masterpiece with state-of-the-art facilities.

 

The business magnate reportedly owns property worth millions of dollars in South Africa. One such is his Penthouse estimated at $12.6 million. His Penthouse offers unparalleled luxury consisting of four bedrooms, indoor and outdoor living areas, exquisite décor and exceptional South African art.