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10 Nigerian Multi-millionaires Never Heard Of........ by MyTime3(m): 3:55pm On Nov 05, 2012
In the month of November, FORBES will publish its annual official ranking of the 40 richest people in Africa. A lot of research has gone into the making of this list and this year, we’ve uncovered several hidden holders of wealth across the continent.

Many of them are names you’ve probably never heard. In the coming days, this author will list at random, ten relatively unknown high net-worth individuals from various African countries, pulled from our extensive wealth database.

This is the first part in the series. Here are ten low-key, ultra-wealthy Nigerian tycoons, entrepreneurs and business leaders. Each of them is worth at least $50 million. There are no politicians or criminals here — just good, successful businessmen.

Kola Aluko

Source: Oil, Aviation services

Kola Aluko, a Nigerian energy and aviation tycoon, founded oil trading firm Fossil Resources in 2001, then went on to become CEO of Exoro Energy- an indigenous oil exploration and production firm. In 2007, the company merged with Seven Energy, a leading independent oil exploration company. Aluko is now Deputy CEO and a leading shareholder of Seven Energy, which has operations and key interests in four onshore fields in the Niger Delta. Aluko is also a member of the advisory board of Vista Jet, a Swiss-based private jet charter company founded by Thomas Flohr. A passionate car racing enthusiast, Aluko has competed in major European races with the Swiss team Kessel racing. In June 2012, Kola Aluko was reported to have purchased two luxury ultra-modern estates in Beverly Hills for $40 million. He reportedly has business ties with Nigeria’s current Minister of Petroleum Resources, Diezani Alison-Madueke.



Eddy Martins Egwuenu

Source: Banking

A former bank chief, Egwuenu is the second largest individual shareholder of the Zenith Bank Group. His 1.5% stake in Zenith Bank alone is worth about $60 million.



Jide Omokore

Source: Steel, Oil, Dredging

Omokore is the chairman and founder of Energy Resources Group, one of Nigeria’s largest privately-held conglomerates. ERG has interests in oil trading and exploration, haulage services, steel, dredging engineering and property development. The group’s annual revenue exceeds $400 million.



ABC Orjiakor

Source: Oil

The trained orthopedic and trauma surgeon might have thrived due to his formidable connections with Nigerian military bigwigs such as former President Ibrahim Babangida, but ABC Orjiakor is a successful businessman on all parameters. One of Nigeria’s wealthiest men, Orjiakor is the Chairman and CEO of Shebah E&P Company Limited, an oil exploration firm which has a 40% stake in the offshore block OML 108 which produces over 8,000 barrels per day. Orjiakor is also chairman of Zebbra Energy Limited which owns the deepwater concession OPL 248 offshore Nigeria.



Sam Iwuajoku

Source: Commodities, Aviation services

Iwuajoku made his fortune importing rice and steel rods, while leveraging his extensive political connections to obtain a series of generous import duty waivers from the Nigerian government. Among other ventures, he reinvested in private aviation services. His company, Quits Aviation services is one of the few fixed-base operators in the country. Quits Aviation Services owns a large maintenance hangar at the Murtala Muhammed International airport in Lagos and a jet charter service.



Gbenga Oyebode

Source: Law, Investments

One of Nigeria’s most renowned commercial lawyers, Gbenga Aluko is a founder and Managing Partner of Aluko & Oyebode- a successful corporate and commercial law firm in Nigeria. He owns a minority shareholding in MTN Nigeria, and sits on the company’s board. Oyebode also serves as chairman of Access Bank PLC, Okomu Oil and Crusade Insurance. The value of his shareholdings in these companies is worth tens of millions of dollars.



Arthur Eze

Source: Oil

The Nigerian oilman sits atop Atlas Oranto Petroleum, a West African exploration company which owns several producing and non-producing oil and gas assets across Nigeria, Liberia, Equatorial Guinea and the Gambia. In 2010, Oranto Atlas sold off a set of oil blocks in Liberia for $250 million. Eze pocketed $200 million from the sale.



Aderemi Makanjuola

Source: Offshore support services

The reclusive tycoon is the founder and Executive chairman of the Caverton Offshore Support Group, Africa’s first integrated offshore support service provider. The company provides marine, aviation and logistics support services to oil exploration and production firms based in West Africa. Some of its clients include Cameroon Oil Transportation Company (COTCO) and Shell Petroleum Development Company (SPDC). Caverton Helicopters- a subsidiary of the group owns a 10,000 square meter flight facility at the Murtala Muhammad International airport in Lagos, a 9,000 square-meter facility in Port Harcourt and a heliport in the elitist Victoria Island in Lagos.



Dele Fajemirokun

Source: Diversified

His father, Henry Fajemirokun, was a renowned shipping magnate and one of Africa’s most successful businessmen after Nigeria’s independence. Nigerian Maritime Services Limited, the shipping company he founded in 1962, is still one of the largest shipping companies in Nigeria today. Dele Fajemirokun, his 62 year-old son is now in charge. A prominent boardroom guru, Fajemirokun also owns key stakes and sits on the board of several Nigerian blue-chips including American International Insurance company and oil explorer First Hydrocarbon Nigeria Limited.



Michael Ade-Ojo

Source: Car distribution

Michael Ade-Ojo is the biggest seller of Toyota vehicles in West Africa. His Elizade Group accounts for over 10% of all Toyota sales in Nigeria. He is also chairman of Toyota Nigeria and is a key shareholder of RT Briscoe PLC, an NSE-listed distributor of Toyota cars in Nigeria.


Source:Forbes Magazine

http://www.forbes.com/sites/mfonobongnsehe/2012/11/02/10-nigerian-multi-millionaires-youve-never-heard-of/

1 Like

Re: 10 Nigerian Multi-millionaires Never Heard Of........ by bigtt76(f): 4:08pm On Nov 05, 2012
Wao! No IT big-wig named! All Oil and *&^%$#@@ based businesses!

2 Likes

Re: 10 Nigerian Multi-millionaires Never Heard Of........ by azpekuliar: 4:37pm On Nov 05, 2012
Real estate? our own Donald Trump?
Re: 10 Nigerian Multi-millionaires Never Heard Of........ by vislabraye(m): 4:53pm On Nov 05, 2012
Energy is the real source of wealth.
I just dey remember Abba song, Money money money. By the way, I think our NL Billionaire should be in the list.
 
 
Re: 10 Nigerian Multi-millionaires Never Heard Of........ by legalwealth(m): 6:26pm On Nov 05, 2012
Good list though...

Are you thinking of how to be among those that will be listed in 10 or 20 years to come?

1 Like

Re: 10 Nigerian Multi-millionaires Never Heard Of........ by legalwealth(m): 6:28pm On Nov 05, 2012
vislabraye: Energy is the real source of wealth.
I just dey remember Abba song, Money money money. By the way, I think our NL Billionaire should be in the list.

There are lots of reason behind him not listed among even the 1st ? ? ?

Who is intelligent in here that can tell me the reason[s]
Re: 10 Nigerian Multi-millionaires Never Heard Of........ by Nobody: 7:56pm On Nov 05, 2012
The unknown big boys.
Re: 10 Nigerian Multi-millionaires Never Heard Of........ by dejiswaggs(m): 8:10pm On Nov 05, 2012
My God, Please Make Me Too A Billionaire!

4 Likes 1 Share

 
Re: 10 Nigerian Multi-millionaires Never Heard Of........ by RickyRoss1(m): 9:54pm On Nov 05, 2012
Arthur Eze shouldn't be on that list. That guy has been a multi millionaire for long

2 Likes

 
 
Re: 10 Nigerian Multi-millionaires Never Heard Of........ by acidtalk: 11:56pm On Nov 05, 2012
This Forbe's people certainly don't hear word.
What is my name doing on that list? I thought I told them I want my utmost privacy.

15 Likes

Re: 10 Nigerian Multi-millionaires Never Heard Of........ by RickyRoss1(m): 7:38am On Nov 06, 2012
acidtalk: This Forbe's people certainly don't hear word.
What is my name doing on that list? I thought I told them I want my utmost privacy.

Hahahaha, Nwanne take legal action immediately...

1 Like

Re: 10 Nigerian Multi-millionaires Never Heard Of........ by Asiwaju9ja(m): 9:11am On Nov 06, 2012
Does anyone know where I can get Cycling protective Helmets for my Team? I want to buy them today. Sorry for derailing the Topic
Re: 10 Nigerian Multi-millionaires Never Heard Of........ by ektbear: 9:12am On Nov 06, 2012
why are they all yoruba and igbo
Re: 10 Nigerian Multi-millionaires Never Heard Of........ by naptu2: 9:12am On Nov 06, 2012
I won't describe Arthur Eze, Michael Ade-Ojo, Fajemirokun and ABC Orjiakor as "unknown".

1 Like

Re: 10 Nigerian Multi-millionaires Never Heard Of........ by Ocutegan(m): 9:13am On Nov 06, 2012
Hmmmm. I have a dream.........
Re: 10 Nigerian Multi-millionaires Never Heard Of........ by dridowu: 9:16am On Nov 06, 2012
Speechless
Re: 10 Nigerian Multi-millionaires Never Heard Of........ by DailyNews(m): 9:18am On Nov 06, 2012
Where are the Nzeribe's, Uba's, Ogboru's There are many more to be uncovered! Good list though...nice job @forbes but u contradicted your initial claim that most aren't politically linked whereas majority on that list are...
Re: 10 Nigerian Multi-millionaires Never Heard Of........ by Nobody: 9:21am On Nov 06, 2012
, I think i'll just wake up a billie guy one day, tongue
Re: 10 Nigerian Multi-millionaires Never Heard Of........ by lucom: 9:23am On Nov 06, 2012
Money money and money, My God the world is waiting for me oo
Re: 10 Nigerian Multi-millionaires Never Heard Of........ by DailyNews(m): 9:24am On Nov 06, 2012
There are even more left...the Uzodimma's of Orange drug ltd, the Brick's, the Ogbuawa's and many more...our comprehensive list is on the way to assist forbes
ekt_bear: why are they all yoruba and igbo
Re: 10 Nigerian Multi-millionaires Never Heard Of........ by Abagworo(m): 9:24am On Nov 06, 2012
This is a list of accomplices. They are all linked to politicians and oil.

1 Like

Re: 10 Nigerian Multi-millionaires Never Heard Of........ by Nuzo1(m): 9:25am On Nov 06, 2012
ekt_bear: why are they all yoruba and igbo

They are managing the businesses for the real owners...Hausas.

Since when did Yorubas and Igbos begin owning oil blocs? undecided

1 Like

Re: 10 Nigerian Multi-millionaires Never Heard Of........ by anishe(m): 9:25am On Nov 06, 2012
I have a Dream. In the nearest future, O Allah, let my name hit the list.

2 Likes

Re: 10 Nigerian Multi-millionaires Never Heard Of........ by gen2briz(m): 9:25am On Nov 06, 2012
I keep seeing oil oil oil,I beg is it vegetable oil or palm oil

1 Like

Re: 10 Nigerian Multi-millionaires Never Heard Of........ by Nobody: 9:25am On Nov 06, 2012
@op, abeg, are they still single?? As in bachelor?? Do u ve their contacts, like fone num?? If u ve it, just inbox it asap. ** off to dress seductively**

2 Likes

Re: 10 Nigerian Multi-millionaires Never Heard Of........ by bee444: 9:26am On Nov 06, 2012
My_ Time. There are no politicians or criminals here — just good, successful businessmen



Why not let us decide, instead of you defending them. Do you know these guys personally? If not, let us tell you about them!

2 Likes

Re: 10 Nigerian Multi-millionaires Never Heard Of........ by dvdon(m): 9:28am On Nov 06, 2012
I can list ten more
Tonye cole (sahara group)

Innocent chukwuma (innoson group)

Tompolo (Ex millitant)

Abdulsamad rabiu (bua group)

Dvdon (real estate n offshore servises)

Remaining 5 coming.

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