Abdulsamad Rabiu Net Worth is$675 $Million
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Isyaku Rabiu (born 1928) is a prominent Nigerian businessman from Kano. In 1984, he was one of the commodity traders arrested and jailed by the administration of General Muhammadu Buhari on charges of hoarding rice.
Rabiu was born into the family of a religious scholar, Rabiu Dan Tinki. Isyaku's religious upbringing influenced his development as a young man, as a youth, he embraced Islamic scholarship and was popularly known as a Mallam. It wasn't until the early 1960s that Rabiu delved into commercial enterprise. As a close confident of Kano businessman Ibrahim Musa Gashash, he established a procurement agency for textiles produced by the Kaduna Textile Factory, a firm controlled by Gashash. After success in trading textiles, he established his own textile factory, and was also involved in selling sewing machines. In the 1970s, three economic events, the oil and construction booms and the movement towards indigenization, helped cement his status among Kano's industrious elites. He capitalized on the favorable conditions by building housing estates and buying up shares of some foreign nationals in the country.
Isyaku Rabiu is the father of billionaire Abdulsamad Rabiu, chairman of BUA group. During the 1980s, Rabiu built for himself a palatial mansion near the Goron Dutse Mosque, and for the society, he constructed a Jummat mosque in Kano.

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Abdulsamad Rabiu Latest News

Mines Ministry Accuses BUA’s Group of Illegal Mining on site No. 2541M

The statement read” the attention of the Ministry of Mines and Steel Development has been drawn to a misleading publication signed by the Executive Chairman of the BUA Group Abdulsamad Rabiu, published in several newspapers as an open letter to the Presi ...
Posted: December 6, 2017, 10:49 am

BUA petitions Buhari, accuses Dangote, Mines Ministry of sabotaging facility

The Executive Chairman/CEO, BUA Group, Abdulsamad Rabiu, has called on President Muhammadu Buhari to intervene and investigate alleged acts of sabotage against BUA Cement operations by Dangote Group in connivance with top officials of the Ministry of Mines ...
Posted: December 7, 2017, 4:41 pm

BUA Group writes Open Letter to President Buhari over alleged Abuse of Power by Kayode Fayemi and Dangote Group

The attention of the Ministry of Mines and Steel Development has been drawn to a misleading publication signed by the Executive Chairman of the BUA Group Abdulsamad Rabiu, published in several newspapers as an open letter to the President and titled ...
Posted: December 7, 2017, 12:50 am
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