Business magnate and MTN director,Tunde Folawiyo just took delivery of a new yacht.The Yacht has FAFA inscribed on it.On Friday 16 October 2015 the new yacht was towed into Folawiyo jetty opposite the billionaire's family home on Queen's drive,Ikoyi.
Before his death,Tunde's father,Alhaji Wahab Iyanda Folawiyo was one of Nigeria's richest men.The younger Folawiyo is estimated to be worth $650 million by Forbes magazine.
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