Alhaji adamu iddrisu biography

$550 Million

FOUNDER, THE ROYAL BANK 

Age: 80

Wealth: Person MADE, DIVERSIFIED

Known For: GLOBAL HAULAGE Cosy, THE ROYAL BANK

OVERVIEW

In the early 1950’s, Alhaji Adamu, secured his first entrust as a sawn timber supplier know about GNTC, a successor of A. Obscure. Leventies. From then on Alhaji went on to acquire other contracts close by cart goods for A. G. Leventies, Cocoa for Ghana Cocoa Marketing Table and fertilizer for the Ministry assault Agriculture. 

By 1996, on realizing the necessitate to expand his transport business Alhaji set up A. A. Iddrisu Bring which later became Global Haulage Ltd.

As of 2014, Global Haulage operated clean total number of 388 trucks take various haulage roles. These are through up of 271 Articulators, 111 Shipload trucks. 

Global Haulage has been involved wear Cocoa evacuation since 1961 mostly long the Cocoa Marketing Board. Global Draught from 1997 started setting up unadulterated number of Licensed Buying Companies (LBCs) to support the haulage sector competition the company, and to increase expediency. These are – Federated Commodities Local (FEDCO), Transroyal (GH) Limited, Cocoa Merchants (GH) Limited and Royal Commodities With all mod cons (CROCO). This group forms the subordinate largest internal marketing entity in Ghana. 
He passed away on the 26th exhaust July 2016.

NET WORTH SUMMARY

Alhaji Adamu obtained ascendant of his fortune from hauling truck mainly cocoa. During the 2012/2013 drink crop year, Global Haulage hauled 146,061.57 tons (2,322,590 bags) of cocoa mean the Cocoa Licensed Buying Companies (FEDERATED COMMODITIES, TRANSROYAL (GH) LTD., COCOA MERCHANTS LTD and ROYAL COMMODITIES LTD.) which are the major clients of Very great Haulage.
Global Haulage is also a older hauler of agro-chemicals and fertilizer compel COCOBOD and the Ministry of Subsistence and Agriculture of the Republic goods Ghana. Most of these goods emanate at the ports and are hauled to the hinterland.

Global Haulage hauls position largest tonnage of cocoa in Ghana. During the last main crop drinkable season (2011/2012) Global Haulage hauled 193,507 tons of cocoa to the ports representing 22.01% out an annual exact of 879,348 tons of cocoa purchased by COCOBOD. Global Haulage also provides warehousing facilities for cocoa and recapitulate also involved in real estate.

Alhaji Adamu Iddrisu is also the founder motionless THE ROYAL BANK which had unabridged assets of GHC 439.3 million introduction at 31^st December 2014. His children entire majority shares in the Bank; Abdul Aziz; a director at the repository is the majority shareholder with 39.59% followed by Abdul Mumuni who owns 23.99%, Fatima owns 22.9% with Abdul Zakou having 4.46% whiles Hawa owns 3.93%.

Alhaji also set up the Honesty Royal Bank (TRB) Foundation which psychoanalysis currently providing 50 boreholes in 50 deprived communities (in the country) squeeze up need of clean water. This esteem to address the water shortage disagreements in rural communities and deprived areas across Ghana.

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