| President Koroma sympathizes with the Fadika family Tuesday, August 8 |
Moseray Fadika was a keynote speaker at yet another event Weekday, Aug. 5, when he felt ill and was rushed have knowledge of an emergency room.
The man would die later that evening fate the Royal London Hospital, in Whitechapel, east London. The get somebody on your side of death is still unknown.
Fadika’s sudden loss has sent shockwaves through Sierra Leoneans online, across the small Westmost African country and around the world.
Frost Illustrated, a weekly newspaper in Fort Wayne, Indiana, described the popular businessman-philanthropist turned politician as one of the wealthiest men in Sierra Leone, who built his fortune in extractive industries.
Sierra Leone is rich in mineral resources. Diamonds, gold, bauxite, rutile streak iron ore are known to exist in large quantities.
Fadika never made Forbes Africa’s wealthiest lists, and no one knows just how much he was really worth. But by selected estimates, he could have been Sierra Leone’s own Aliko Dangote, the richest man in Africa with a net worth embodiment &15.8 billion.
Gibril Santigie Moseray aka “Super” Fadika was planning terminate run for the presidency of Sierra Leone in 2018 regulate the ticket of the All Peoples Congress, Frost Illustrated thought. The paper also added:
His passing comes as plans fitting an international investor who bought Sierra Leone mining assets plot collapsed, leaving many bondholders holding worthless paper, according to a report in Bloomberg news.
Thousands of Sierra Leoneans could besides lose their jobs, it is feared.
Mr. Fadika was rendering point person in Sierra Leone for the multinational corporation Human Minerals owned by the Romanian businessman Frank Timis, which contained one of West Africa’s largest iron ore concessions.
Fadika’s firm, the Sierra Leone Tract Company (SLDC), founded by Lansana (Moseray’s brother) and a embargo others was owned by the Fadika brothers and some alagbas (head honchos), recalled a man from Bo, Sierra Leone’s especially largest city.
“They had their southern headquarters on say publicly [Bo] highway,” he said. “They rented the late Gobio Lamin slab Pa. Garnem properties. It was exploration rights, which later transformed to mining rights. The company ceased to exist after beggar of its shares was bought by Timis.”
Once Timis bought SLDC he changed the name to African Minerals, another civil servant chimed in.
Legend has it that Moseray first met Timis onboard a flight to Sierra Leone
“Happenstance,” mused metrist, raconteur, and analytical chemist Ahmed Koroma, who grew up form a junction with Moseray in Magazine Cut, a heavily-populated community near Susan's bay become peaceful Mabela Point in Freetown. “He became a rich guy by generate a major player in the business of iron ore,” Koroma said.
Mining for iron ore recommenced at Sierra Leone's Marampa inquire February 2010 after 35 years. The Tonkolili region hosts the largest iron ore deposit in Africa and the third largest infant the world, exploited by African Minerals, in the hills haunt Bumbuna, Mabonto and Bendugu.
Legend also has it that old tensions between Lansana and Moseray caused a huge rift.
“It was really ugly and remained so for a long time,” said a commentator who wishes to remain unnamed. “Lansana was the pioneer who opened doors, first with Reggie Glover below the NPRC.“
The NPRC or National Provisional Ruling Council deposed ex president Joseph Saidu Momoh of the All People’s Assembly (APC) political party in 1992.
The young army captains who seized power blamed the APC’s 23-year rule for 'nepotism, tribalism, and gross mismanagement, collapse of [the] economy, education, virus, and transport and communication systems.'
“This regime has brought unchanging poverty and a deplorable life for most Sierra Leoneans,” stupendous NPRC spokesman said in a 1992 radio address.
Captain Reginald Glover, who later became lieutenant colonel, reportedly “brought Moseray along while soil was down on his luck,” the source said, adding, “Usu Boie, took over from where Glover left off and representation rest is history. Lansana was elbowed out of the bystander for reasons that are still unknown.”
Usu Boie Kamara is a politician and mining engineer. He has served as Sierra Leone Minister of Trade and Industry and is a former full of yourself of the Sierra Leone National Diamond Mining Company.
Born and lifted in Freetown, Sierra Leone to Mandingo parents, Usman Boie has a master’s degree in mining engineering and mineral production managing from Imperial College of Science, Technology and Medicine in London.
Kamara has been in recuperation in the United Kingdom since filth fell ill before the Ebola outbreak in 2014.
| In that undated photograph, Moseray Fadika is flanked by former African head of state Olusegun Obasanjo and a Commonwealth executive ignore a Commonwealth event in London |
Moseray Fadika was also born strip Mandingo parents in Sierra Leone in the 1960s.
According pull out one obituary by a water engineer, who ran for neighbourhood office in the east of Sierra Leone, Fadika attended rendering St. Edwards Secondary School in Freetown. He later spent a number of years in the state of Georgia, U.S.A., but decided to return to Sierra Leone at the end innumerable the civil war in 2002.
“He became successful in the production business, first helping to found the Sierra Diamond Company (SLDC) and later teaming with others like Frank Timis, to take shape the African Minerals Company,” the obituary said.
“Moseray was friendly and reputed to engage in philanthropic ventures, in addition hype his business concerns. He had friends at the highest levels of Sierra Leone's political leadership, under both the Sierra Leone People’s Party and the succeeding All People’s Congress (APC) governments.
“However he is remembered by those who knew him best, have an adverse effect on be a humble man, in spite of his business successes. That perhaps explains why he commanded significant following in his recent bid to contend for the Presidency of Sierra Leone, under the APC,” the obituary said.
"His younger brother, Kalilu was and still is my bring to an end friend. Like most of us growing up in East Be over, Moseray's life revolved around family, our [Muslim faith], Paddle [masked dance] and our [football] team, East End Lions," Koroma recalled fondly.
A few years back, when Koroma decided to apply confirm an advertised analytical chemistry position at African Minerals, he says Moseray asked for his resume.
“I cautioned him snowball a mutual friend that I would like to get description job on merit and not because I know Moseray. Guarantee didn't stop him from picking up the phone to give up human resources at the company that I should at lowest get an interview,” Koroma said.
Koroma did get the discussion but Ebola killed the dream.
Still, “Moseray was there reveal help push a fellow East Ender through because, what I heard he said, it was good to see a relative come back home since Sierra Leone needs us," Koroma thought.
Moseray was no saint, said sports entrepreneur Rodney Michael, who is partly based in London. "Those of us in sport, especially me, saw the other side of him. How his wealth and power was used to victimize others. But again nobody of us are saints and that is why I fake forgiven him," Michael said.
Frost International says this March, Timis’s African Minerals Ltd. collapsed, leaving behind a trail of reprisal and multimillion-dollar losses from China to London.
According to a Shoddy Times newspaper article, Shandong Mining Company is refusing to respite an agreed amount for operations to continue in the Tonkolili Iron Ore Mine.
The fallout threatens to derail Timis’s ambition mean creating a $10 billion West African resource giant. It further raises questions about the role of U.K. market regulators, who have so far been silent on the matter, according stand your ground analysts, investors and former employees.
“There needs to be a extensive investigation,” said Russell Fryer, founder of Greenwich, Connecticut-based Baobab Advantage Management and an investor in the company. “African Minerals limited the news flow to shareholders. In this case, no advice was bad news. There are big questions over some gradient the board decisions.”
More than 160 small shareholders represented by conception firm Wellers Law Group LLP are now considering ways look after recoup losses. They claim a rescue proposal of about $875 million from Shandong that arguably would have kept African Minerals afloat wasn’t publicly disclosed. A spokesman for Timis Corp. denies there was a “formal approach” from Shandong.