Nigerian Multimillionaire Oilman Igho Sanomi Raises USD 1.5 Million For UK-based Cancer Research Fund 

By  |  April 19, 2019

Nigerian multi-millionaire and oil tycoon Igho Sanomi’s Dubai-based oil trading company Telaveras DMCC has cumulatively raised over USD 1.5 Mn in sponsorship for the Bobby Moore Fund and Cancer Research in the United Kingdom. The news comes as the 43-year-old businessman received commendation from the foundation for his philanthropy towards bowel cancer research.

The Bobby Moore Fund was named after World Cup-winning England soccer captain Bobby Moore, who suffered and died from bowel cancer in 1993 at the age of 51.

The UK-based charity organisation was founded by Bobby’s wife, Stephanie Moore in partnership with Cancer Research UK (CRUK). The contrivance was in a move to pursue funds for research into bowel cancer and create more awareness regarding the condition and has since raised about USD 30 Mn.

An Epic Event, at One Whitehall Place, London. £201,672 raised for Bowel Cancer, at the Dining with Stars Charity Event. 6th Year of Taleveras DMCC partnership and £1.16 M raised so far for Cancer Research UK and Bobby Moore Fund… We can beat Cancer! Can’t stop, Won’t Stop ?— Igho Sanomi (@IghoSanomi) March 9, 2019

The Nigerian business mogul who received appreciation from Stephanie Moore herself for his financial contributions towards the cause, is the founder of Taleveras, a USD 2 Bn revenue international commodities trading company active in an array of energy markets, including crude oil, refined petroleum products, natural gas and power.

His company’s trading arm which now has based in Dubai and Abuja, is one of Africa’s largest energy traders, with offices in Europe, West Africa and Asia

According to Forbes, Taleveras moves over 170 million barrels of crude and oil products each year, with upstream as well and downstream assets in many African countries. The media-shy entrepreneur also runs Dickens Sanomi Foundation, giving millions of dollars in donations each year to support causes in education and health, especially in Africa.

Among the NGO’s financial contributions, the most remembered is its NGN 100 Mn comprehensive funding package to flood victims in Delta and Bayelsa States of Nigeria, doing its bit to curb the effects of the flood which stormed nine Local Government Areas in the two states in October 2012.

Meanwhile, Sanomi is reported to be in USD 3 Mn debt dilemma that will cost him his three apartments in London and a private jet to the Swiss Bank. Per the Bloomberg post, the oil trader was a guarantor for a credit facility extended to one of his companies by Credit Suisse Group AG.

While his private jet has already been claimed and put up for sale by the bank, Banque Cantonale de Geneve has made a freezing order against the London properties, just as ING Groep NV has drawn a suit against Sanomi for Taleveras’ unpaid debts.

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