Biography

Billionaire Dahiru Mangal: Biography, Education, Career, Marriage, Children and Net worth

Published

2 years ago

2022/08/13

Sub-editor

Biography

Dahiru Barau Mangal is a Nigerian businessman. He founded Max Air in 2008.

Mangal is the founder of Max Air, Nigeria’s leading airline operating a domestic, regional and international flight network. His other investments includes transportation, oil and gas and construction. He was a Non — Executive Director of MRS Oil Nigeria Plc who resigned on November 17, 2017.

Wife and children

A devote Muslim, Alhaji Mangal is married has numerous children. In 2010, he was accused of having a son out of wedlock.

Dahiru Barau Mangal was born in Katsina State to the family of Alhaji Barau Mangal. He grew up with his siblings Alhaji Bashir Barau Mangal, Alhaji Hamza Barau Mangal, Hajiya Zulai Barau Mangal, Hajiya Yar Goje and his Mother Hajiya Murjanatu Barau Mangal in Katsina. He later started as a truck driver and eventually went on to buy his own car for hire.

Early Life

Mangal had a humble beginning. From the lineage of late Barau Tukut of Manasawa Quarters of Kastina Metropolitan City, he attended Gafai Primary School from the mid-1960s to 1971 before proceeding to Kastina Arabic Teachers’ College for Higher Islamic Certificate, graduating in 1976.

Age

born August 3, 1957

Career

Alhaji Dahiru is a business mogul who calls the shots at AFDIN Group (Nigeria) Limited, the holding company of his vast business empire that includes but is not limited to Max Airlines, AFDIN Construction Company Nigeria Limited, Manasawa Oil, Mangal Oil, and Manasawa Enterprises.

Mangal is said to have found his opportunity later in life from his association with the leadership echelon in Katsins state. His relationship with the then military administrations of Colonel Yahaya Madaki and Navy Captain Emmanuel Acholonu as well as the civilian administration of Saidu Barda in the 1990s exposed him to legitimate business in government contracts. This paved the way for the emergence of his expansive political empire. And with his stupendous wealth came political relevance following his massive funding of PDP, the ruling party both in the state and the federal level since the return to democratic governance on May 29th, 1999.

Mangal has been a Non-Executive Director at MRS Oil Nigeria Plc since March 20th, 2009. He is the Chairman and Chief Executive Officer of Max Air Limited and Katsina Dyeing and Printing Textiles Limited. He is also an Executive Director on the board of Massanawa Travel & Tours and Massanawa Enterprises Limited amongst others.

Source of wealth

He is a major shareholder in Oando Plc where he had a conflict with the firm’s management that led to the suspension of Oando’s trading on both the Lagos and Johannesburg stock exchanges. The conflict arose in 2017 when Mangal and a Gabriel Volpi controlled shell company wrote a petition to the Nigerian Securities Exchange Commission alleging financial mismanagement by Oando’s management prompting an audit by the commission into the matter including possible insider trading. The conflict was resolved by the intervention of Emir of Kano, Lamido Sanusi in January 2018.

Construction Of $600m Cement Plant In Kogi

On 4 November 2021, Mangal Industries has signed an agreement with a Chinese firm, Sinoma, for the construction of a three million metric tons per year Cement Plant and 50 megawatts captive power plant in Moba, Kogi State. The project is expected to be completed in early 2024. Chief Executive of Mangal, Engr. Fahad Mangal, in a statement, noted that the total project cost is approximately $600 million. According to him, the investment is part of an ambitious investment program under implementation by Mangal Industries Limited. “The factory will rely on best available technology for cement production and in line with highest environmental standards. It is designed to be one of the most sustainable in the sector. “Mangal is investing strategically in the West African Cement Industry to enable the Nigerian economy to bridge the huge infrastructure and housing deficit in the largest economy of the region,” he said. He further noted that the investment reinforces Mangal’s commitment to Nigeria’s infrastructural and economic development and reflects its confidence in the favorable outlook of the economy in the country and the region.

Net Worth

Dahiru Mangal net worth is estimated at around $2.2Billion (N1 Trillion Naira) which makes him among the top 10 richest people.

Controversies

In 2006, the erstwhile chairman of the Economic and Financial Crimes Commission, EFCC, Malam Nuhu Ribadu ordered the arrest of Alhaji Dahiru Barau Mangal. His arrest followed series of complaints from some concerned interests who were alarmed by the amazing scale of his smuggling activities and their devastating negative effects on the country’s economy.

Mangal was said to have influenced the election of President Umaru Musa Yar’Adua under the flag of the People’s Democratic Party (PDP). On March 5th, 2008, he bought a full-page colour in the New Nigerian newspaper to congratulate Yar’Adua on the verdict of the Presidential Election Tribunal which upheld Yar’Adua’s election as the duly elected President of the Federal Republic of Nigeria.