Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • US-Israel-Iran War Hits Nigerian Homes As Petrol, Cooking Gas Prices Jump
    • Reps Move To Recover $7bn Debt From Foreign Airlines
    • Hearing Of El-Rufai Rights Suit Against ICPC, Others Stalled
    • NCDMB, Radisson, Edison Sign Management Deal For Yenagoa Hotel
    • Gombe APC Endorses President Tinubu As Sole Presidential Candidate In 2027
    • ‘Justice Must Not Be Selective,’ ADC Faults Handling Of Malami, El-Rufai Cases
    • Ramadan Q And A With Sheikh Muhammad Usman – Day Fifteen
    • How FRSC Failures Worsen Road Tragedies – By Boma West
    Facebook X (Twitter) Instagram
    NEWS POINT NIGERIANEWS POINT NIGERIA
    • HOME
    • NEWS

      US-Israel-Iran War Hits Nigerian Homes As Petrol, Cooking Gas Prices Jump

      March 4, 2026

      Reps Move To Recover $7bn Debt From Foreign Airlines

      March 4, 2026

      Hearing Of El-Rufai Rights Suit Against ICPC, Others Stalled

      March 4, 2026

      NCDMB, Radisson, Edison Sign Management Deal For Yenagoa Hotel

      March 4, 2026

      Gombe APC Endorses President Tinubu As Sole Presidential Candidate In 2027

      March 4, 2026
    • COLUMN

      How FRSC Failures Worsen Road Tragedies – By Boma West

      March 4, 2026

      Economic Cost Of Indulging Non-Performing, ‘Sit-Tight’ Politicians – By Yemi Kolapo

      March 3, 2026

      Osun State’s Staff Payroll Debacle – By Kazeem Akintunde

      March 2, 2026

      Andrew’s Arrest And Other Epstein Casualties: Lessons For Nigeria (2) – By Martins Oloja

      March 2, 2026

      How Many More Graves Before We Are Seen As Humans? – By Hafsat Salisu Kabara

      March 2, 2026
    • EDUCATION

      FG Names Prof. Adamu Acting Vice-Chancellor To Steer UniAbuja For Three Months

      August 9, 2025

      13 Countries Offering Free Or Low-Cost PhD Programmes For Non-Citizens

      January 25, 2025

      NECO: Abia, Imo Top Performing States In Two Years, Katsina, Zamfara Come Last

      October 3, 2024

      NBTE Accredits 17 Programmes At Federal Polytechnic Kabo

      August 20, 2024

      15 Most Expensive Universities In Nigeria

      May 19, 2024
    • INTERNATIONAL

      Trump Says Iran Navy, Air Force Destroyed, Germany ‘Helping Out’

      March 4, 2026

      Travellers, Stranded, Airlines Under Pressure As Iran War Escalates

      March 4, 2026

      Trump Says Iran War Projected To Last Five To Five Weeks, Could Go ‘Far Longer’

      March 3, 2026

      Spain Refuses To Let US Use Bases For Iran Attacks

      March 3, 2026

      More Explosions Across Dubai, Qatar, Kuwait As Iran’s Retaliatory Strikes Continue Monday

      March 2, 2026
    • JUDICIARY

      FULL LIST: Judicial Council Recommends Appointment Of 11 Supreme Court Justices

      December 6, 2023

      Supreme Court: Judicial Council Screens 22 Nominees, Candidates Face DSS, Others

      November 29, 2023

      FULL LIST: Judicial Commission Nominates 22 Justices For Elevation To Supreme Court

      November 16, 2023

      Seven Key Issues Resolved By Seven Supreme Court Judges

      October 26, 2023

      FULL LIST: CJN To Swear In Falana’s Wife, 57 Others As SANs November 27

      October 12, 2023
    • POLITICS

      What Peter Obi May Lose If He Joins Coalition As VP Candidate

      May 25, 2025

      Atiku Moves To Unseat Wike’s Damagum As PDP Chairman, Backs Suswam As Replacement

      April 15, 2024

      Edo’s Senator Matthew Uroghide, Others Defect To APC

      April 13, 2024

      Finally, Wike Opens Up On Rift With Peter Odili

      April 2, 2024

      El-Rufa’i’s Debt Burden: APC Suspends Women Leader For Criticising Kaduna Gov

      March 31, 2024
    • SPORTS

      Super Falcons Fight Back To Defeat Cameroon In Pre-WAFCON Game

      March 4, 2026

      Ronaldo Leaves Saudi Arabia For Madrid Following Iran Air Strikes

      March 4, 2026

      Dutch Attacker, Dillion Wants To Play For Super Eagles

      March 3, 2026

      ‘Clubs Refused To Look At Me After My Crash’, Antonio On Qatar Move

      March 3, 2026

      Nigeria Waits As FIFA Delays Review Of DR Congo Eligibility In 2026 World Cup Race

      March 2, 2026
    • MORE
      • AFRICA
      • ANALYSIS
      • BUSINESS
      • ENTERTAINMENT
      • FEATURED
      • LENS SPEAK
      • INFO – TECH
      • INTERVIEW
      • NIGERIA DECIDES
      • OPINION
      • Personality Profile
      • Picture of the month
      • Science
      • Special Project
      • Videos
      • Weekend Sports
    NEWS POINT NIGERIANEWS POINT NIGERIA
    Home - Akon’s Futuristic $6bn City Project In Senegal Abandoned, BBC Told

    Akon’s Futuristic $6bn City Project In Senegal Abandoned, BBC Told

    By EditorJuly 6, 2025
    Akon City 2

    PLANS for a futuristic city in Senegal dreamt up by the singer Akon have been scrapped and instead he will work on something more realistic, officials say.

    RAMADAN KAREEM

    “The Akon City project no longer exists,” Serigne Mamadou Mboup, the head of Senegal’s tourism development body, Sapco, told the BBC.

    “Fortunately, an agreement has been reached between Sapco and the entrepreneur Alioune Badara Thiam [aka Akon]. What he’s preparing with us is a realistic project, which Sapco will fully support.”

    Silk

    Known for his string of noughties chart hits, Akon – who was born in the US but partly raised in Senegal – announced two ambitious projects in 2018 that were supposed to represent the future of African society.

    The first was Akon City – reportedly costed at $6bn (£5bn). It was to run on the second initiative – a brand new cryptocurrency called Akoin.

    Initial designs for Akon City, with its boldly curvaceous skyscrapers, were compared by commentators to the awe-inspiring fictional city of Wakanda in Marvel’s Black Panther films and comic books.

    But after five years of setbacks, the 800-hectare site in Mbodiène – about 100km (60 miles) south of the capital, Dakar – remains mostly empty. The only structure is an incomplete reception building. There are no roads, no housing, no power grid.

    “We were promised jobs and development,” one local resident told the BBC. “Instead, nothing has changed.”

    Meanwhile the star’s Akoin cryptocurrency has struggled to repay its investors over the years, with Akon himself conceding: “It wasn’t being managed properly – I take full responsibility for that.”

    Nigerian TAX Reform - Federal Goverment

    There had also been questions over whether it would even be legal for Akoin to operate as the primary payment method for would-be residents of Akon City. Senegal uses the CFA franc, which is regulated and issued by the Central Bank of West African States (BCEAO), and like many central banks has expressed opposition to cryptocurrency.

    The plans for Akon City had been sweeping.

    National Orientation Agency - Down

    National Orientation Agency Page UP
    Akon Future City Senegal
    Share. Facebook Twitter WhatsApp LinkedIn Telegram Email

    Related Posts

    Belgium Detains Three Suspected Cameroon Separatists In War Crimes Probe

    March 4, 2026

    US Sanctions Rwanda’s Military, Top Commanders Over Fighting In DR Congo

    March 4, 2026

    At Least 169 People Killed In South Sudan ‘Surprise’ Attack

    March 3, 2026

    African Leaders Call For Restraint, Dialogue As Iran Crisis Intensifies

    March 3, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Latest Posts

    US-Israel-Iran War Hits Nigerian Homes As Petrol, Cooking Gas Prices Jump

    March 4, 2026

    Reps Move To Recover $7bn Debt From Foreign Airlines

    March 4, 2026

    Hearing Of El-Rufai Rights Suit Against ICPC, Others Stalled

    March 4, 2026

    NCDMB, Radisson, Edison Sign Management Deal For Yenagoa Hotel

    March 4, 2026

    Gombe APC Endorses President Tinubu As Sole Presidential Candidate In 2027

    March 4, 2026
    Advertisement
    News Point NG
    © 2026 NEWS POINT NIGERIA Developed by ENGRMKS & CO.
    • Home
    • About us
    • Disclaimer
    • Our Advert Rates
    • Privacy Policy
    • Terms of Use

    Type above and press Enter to search. Press Esc to cancel.

    Join Us On WhatsApp