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Meet 10 Nigerian Billionaires All From The Same Town Nnewi by Ekakamba: 1:03pm On Aug 17, 2017
NAIJ.com earlier reported that a church in Ozubulu, not far from Nnewi had attacked by unknown gunmen. Governor Willie Obiano of Anambra state said two persons from Ozubulu who are known drug barons in South Africa were the prime suspects of the attack on St Philips Catholic church.

Nnewi, Anambra state is once again in the news and this time it is because of a well-researched story written by journalist Eromo Egbejule for Forbes Africa on the number of billionaires in the town.

Nnewi has possibly bred more billionaires than any other town in Africa and is nicknamed the Japan of Africa.

According to Forbes Africa, these are 10 of the most prominent naira billionaires from Nnewi, in no particular order:

1. Cletus Ibeto

Cletus Ibeto is the chairman of the Ibeto Group. According to Wikipedia, he started out as a spare parts import dealer, after spending some time as an apprentice in the motor parts business, a gradual step taken by many eastern traders.

In March 1988, he stopped direct importation of lead acid automotive battery and plastic motor accessories after completing his factory in Nnewi. By 1995, The Ibeto Group had become one of the largest auto spare parts manufacturing outfits in the country.

2. Cosmas Maduka

Dr Cosmas Maduka according to his website is the founder, President/CEO of Coscharis Group. He started Coscharis Motors as a one-man business and over the years has transformed it into one of the largest car dealerships in Nigeria that deals in BMW, Jaguar, Range Rover and Rolls-Royce.

3. Innocent Chukwuma

Dr Innocent Ifediaso Chukwuma started trading in spare parts under the name of Innoson trading Nigeria Ltd in 1981.

It now produces sport utility vehicles, commercial buses and passenger cars at the first indigenous assembly plant in Nigeria.

4. Gabriel Chukwuma

Gabriel Chukwuma is the owner of former club side, Gabros International FC, and ex-Vice Chairman of the Nigeria Professional Football Association.

He is also the elder brother of Innoson who began business as a patent medicine dealer.

5. Alexander Chika Okafor

In 1981, Chief (Dr) Alexander Chika Okafor, founded Chicason Group of Companies. A-Z Petroleum and other of his products are now household names in Nigeria.

6. Augustine Ilodibe

Late Augustine Ilodibe pioneered the interstate luxury bus transport service; for years, he was the sole importer of these buses.

After helping organize vehicles for the Biafran side during the civil war, he established the hugely popular Ekene Dili Chukwu Transport, his main cash cow and later diversified into brewery and agriculture.

7. Ifeanyi Ubah

Due to the inability of his parents to cater for the educational and material needs of their needs, Ifeanyi dropped out of Okongwu Memorial Grammar School, Nnewi, Anambra State to learn trade at a young age.

In 2001, he founded Capital Oil and Gas Limited which has since went on to become one of the largest distributors of petrol products around Nigeria with a combined capacity to berth 3-6 vessels simultaneously and 32 loading arms.

He is the founder of The Authority Newspaper, a Nigerian daily newspaper and also the owner of Ifeanyi Ubah F.C., a football club in the Nigeria Premier League.

8. Louis Onwugbenu

A profile by The Guardian of him in 2016 said:

"Born into economic challenges 63 years ago, the intellectually promising young Louis had to forgo his education midway at the outbreak of the Nigerian civil war in 1967.

"He later started business in 1972 by selling of bolts and nuts, oil filters and plugs with the meager capital from his parents.

"It was his resilience that propped him on till he graduated into the importation of auto spare parts and rose above his peers in almost all respect.

"Between 1972 and 1977 when his extra hardworking started paying off, he became one of the few pioneer traders that made weekly shuttles to motor/motorcycle spare parts markets at Idumota, Lagos directly under the Carter Bridge; hence he was nicknamed ‘Louis Carter Bridge.’"

The headquarters of his conglomerate sits in the Carter Industrial Estate, spanning many acres in Nnewi.

9. Obiajulu Uzodike

Engr Gilbert Obiajulu Uzodike, founding Chairman/CEO of Cutix Plc was born on March 25, 1949, in Nnewi, Anambra state.

Founded in 1982 by Gilbert Obia­julu Uzodike, after returning from a stint with Raychem Corporation in the United States, Cutix has today grown in leaps and bounds, becoming a multi-award winning manufacturer of electric and telecoms cables, making it one of the best-performing indigenous companies quoted on the Nigerian Stock Exchange (NSE).

10. Odumegwu Ojukwu

Late Odumegwu Ojukwu, reportedly Nigeria's first black billionaire, and founding President of the Nigerian Stock Exchange, was knighted by Queen Elizabeth II.

The royal honor came after he helped the British during World War II with his fleet of trucks. He was so wealthy that during the Queen's visit in 1956, she was chauffeured around in his Rolls-Royce - apparently the only one in the country at the time - on the request of the colonial administration.

Profiled in September 1965 by TIME magazine, Ojukwu made his money by importing dried fish for resale, and diversifying into textiles, cement and transport. When he died a year later, his wealth was an estimated $4 billion in today's economic value.

2 Likes

Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by Ekakamba: 1:04pm On Aug 17, 2017
Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by fuckingAyaya(m): 1:07pm On Aug 17, 2017
Ojukwu billionaire manhood still live

3 Likes

Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by Bayajidda1: 1:08pm On Aug 17, 2017
shocked
Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by Nobody: 1:12pm On Aug 17, 2017
The thing about Igbo billionaires is they all started with nothing. No rich uncle like Dantata to loan them Money, nor do they have rich father like Gov. Otedola, or Textile millionare mother of Mike Adenuga.

16 Likes 4 Shares

Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by seunny4lif(m): 1:25pm On Aug 17, 2017
Please, which kind of Billionaires?Naira or Cedis ?
Becos we all know it's not Dollar and Euros

3 Likes

Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by Almaiga: 1:39pm On Aug 17, 2017
liberalsinnerx:
The thing about Igbo billionaires is they all started with nothing. No rich uncle like Dantata to loan them Money, nor do they have rich father like Gov. Otedola, or Textile millionare mother of Mike Adenuga.
And you want us to believe that all their wealth are legit? They all got their wealth like their Son, Evans. Who no know IBO men? Ourmumudondo cool cool

12 Likes 2 Shares

Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by iluvdonjazzy: 1:44pm On Aug 17, 2017
how do they make their money?
Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by brize(m): 1:47pm On Aug 17, 2017
The great IGBO tribe........................ ihe dika unu akokwana m

6 Likes

Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by muller101(m): 2:15pm On Aug 17, 2017
Bigots will kill the thread

1 Like

Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by ChimaAdeoye: 2:19pm On Aug 17, 2017
Ekakamba:
NAIJ.com earlier reported that a church in Ozubulu, not far from Nnewi had attacked by unknown gunmen. Governor Willie Obiano of Anambra state said two persons from Ozubulu who are known drug barons in South Africa were the prime suspects of the attack on St Philips Catholic church.

Nnewi, Anambra state is once again in the news and this time it is because of a well-researched story written by journalist Eromo Egbejule for Forbes Africa on the number of billionaires in the town.

Nnewi has possibly bred more billionaires than any other town in Africa and is nicknamed the Japan of Africa.

According to Forbes Africa, these are 10 of the most prominent naira billionaires from Nnewi, in no particular order:

1. Cletus Ibeto

Cletus Ibeto is the chairman of the Ibeto Group. According to Wikipedia, he started out as a spare parts import dealer, after spending some time as an apprentice in the motor parts business, a gradual step taken by many eastern traders.

In March 1988, he stopped direct importation of lead acid automotive battery and plastic motor accessories after completing his factory in Nnewi. By 1995, The Ibeto Group had become one of the largest auto spare parts manufacturing outfits in the country.

2. Cosmas Maduka

Dr Cosmas Maduka according to his website is the founder, President/CEO of Coscharis Group. He started Coscharis Motors as a one-man business and over the years has transformed it into one of the largest car dealerships in Nigeria that deals in BMW, Jaguar, Range Rover and Rolls-Royce.

3. Innocent Chukwuma

Dr Innocent Ifediaso Chukwuma started trading in spare parts under the name of Innoson trading Nigeria Ltd in 1981.

It now produces sport utility vehicles, commercial buses and passenger cars at the first indigenous assembly plant in Nigeria.

4. Gabriel Chukwuma

Gabriel Chukwuma is the owner of former club side, Gabros International FC, and ex-Vice Chairman of the Nigeria Professional Football Association.

He is also the elder brother of Innoson who began business as a patent medicine dealer.

5. Alexander Chika Okafor

In 1981, Chief (Dr) Alexander Chika Okafor, founded Chicason Group of Companies. A-Z Petroleum and other of his products are now household names in Nigeria.

6. Augustine Ilodibe

Late Augustine Ilodibe pioneered the interstate luxury bus transport service; for years, he was the sole importer of these buses.

After helping organize vehicles for the Biafran side during the civil war, he established the hugely popular Ekene Dili Chukwu Transport, his main cash cow and later diversified into brewery and agriculture.

7. Ifeanyi Ubah

Due to the inability of his parents to cater for the educational and material needs of their needs, Ifeanyi dropped out of Okongwu Memorial Grammar School, Nnewi, Anambra State to learn trade at a young age.

In 2001, he founded Capital Oil and Gas Limited which has since went on to become one of the largest distributors of petrol products around Nigeria with a combined capacity to berth 3-6 vessels simultaneously and 32 loading arms.

He is the founder of The Authority Newspaper, a Nigerian daily newspaper and also the owner of Ifeanyi Ubah F.C., a football club in the Nigeria Premier League.

8. Louis Onwugbenu

A profile by The Guardian of him in 2016 said:

"Born into economic challenges 63 years ago, the intellectually promising young Louis had to forgo his education midway at the outbreak of the Nigerian civil war in 1967.

"He later started business in 1972 by selling of bolts and nuts, oil filters and plugs with the meager capital from his parents.

"It was his resilience that propped him on till he graduated into the importation of auto spare parts and rose above his peers in almost all respect.

"Between 1972 and 1977 when his extra hardworking started paying off, he became one of the few pioneer traders that made weekly shuttles to motor/motorcycle spare parts markets at Idumota, Lagos directly under the Carter Bridge; hence he was nicknamed ‘Louis Carter Bridge.’"

The headquarters of his conglomerate sits in the Carter Industrial Estate, spanning many acres in Nnewi.

9. Obiajulu Uzodike

Engr Gilbert Obiajulu Uzodike, founding Chairman/CEO of Cutix Plc was born on March 25, 1949, in Nnewi, Anambra state.

Founded in 1982 by Gilbert Obia­julu Uzodike, after returning from a stint with Raychem Corporation in the United States, Cutix has today grown in leaps and bounds, becoming a multi-award winning manufacturer of electric and telecoms cables, making it one of the best-performing indigenous companies quoted on the Nigerian Stock Exchange (NSE).

10. Odumegwu Ojukwu

Late Odumegwu Ojukwu, reportedly Nigeria's first black billionaire, and founding President of the Nigerian Stock Exchange, was knighted by Queen Elizabeth II.

The royal honor came after he helped the British during World War II with his fleet of trucks. He was so wealthy that during the Queen's visit in 1956, she was chauffeured around in his Rolls-Royce - apparently the only one in the country at the time - on the request of the colonial administration.

Profiled in September 1965 by TIME magazine, Ojukwu made his money by importing dried fish for resale, and diversifying into textiles, cement and transport. When he died a year later, his wealth was an estimated $4 billion in today's economic value.


Please where is Joe Igbokwe? The self acclaimed high achiever?

Even in his town he is considered a tout with his mama-put restaurant business after Bsc in engineering grin cheesy

3 Likes

Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by possibility99: 5:18pm On Aug 17, 2017
Ekakamba:
NAIJ.com earlier reported that a church in Ozubulu, not far from Nnewi had attacked by unknown gunmen. Governor Willie Obiano of Anambra state said two persons from Ozubulu who are known drug barons in South Africa were the prime suspects of the attack on St Philips Catholic church.

Nnewi, Anambra state is once again in the news and this time it is because of a well-researched story written by journalist Eromo Egbejule for Forbes Africa on the number of billionaires in the town.

Nnewi has possibly bred more billionaires than any other town in Africa and is nicknamed the Japan of Africa.

According to Forbes Africa, these are 10 of the most prominent naira billionaires from Nnewi, in no particular order:

1. Cletus Ibeto

Cletus Ibeto is the chairman of the Ibeto Group. According to Wikipedia, he started out as a spare parts import dealer, after spending some time as an apprentice in the motor parts business, a gradual step taken by many eastern traders.

In March 1988, he stopped direct importation of lead acid automotive battery and plastic motor accessories after completing his factory in Nnewi. By 1995, The Ibeto Group had become one of the largest auto spare parts manufacturing outfits in the country.

2. Cosmas Maduka

Dr Cosmas Maduka according to his website is the founder, President/CEO of Coscharis Group. He started Coscharis Motors as a one-man business and over the years has transformed it into one of the largest car dealerships in Nigeria that deals in BMW, Jaguar, Range Rover and Rolls-Royce.

3. Innocent Chukwuma

Dr Innocent Ifediaso Chukwuma started trading in spare parts under the name of Innoson trading Nigeria Ltd in 1981.

It now produces sport utility vehicles, commercial buses and passenger cars at the first indigenous assembly plant in Nigeria.

4. Gabriel Chukwuma

Gabriel Chukwuma is the owner of former club side, Gabros International FC, and ex-Vice Chairman of the Nigeria Professional Football Association.

He is also the elder brother of Innoson who began business as a patent medicine dealer.

5. Alexander Chika Okafor

In 1981, Chief (Dr) Alexander Chika Okafor, founded Chicason Group of Companies. A-Z Petroleum and other of his products are now household names in Nigeria.

6. Augustine Ilodibe

Late Augustine Ilodibe pioneered the interstate luxury bus transport service; for years, he was the sole importer of these buses.

After helping organize vehicles for the Biafran side during the civil war, he established the hugely popular Ekene Dili Chukwu Transport, his main cash cow and later diversified into brewery and agriculture.

7. Ifeanyi Ubah

Due to the inability of his parents to cater for the educational and material needs of their needs, Ifeanyi dropped out of Okongwu Memorial Grammar School, Nnewi, Anambra State to learn trade at a young age.

In 2001, he founded Capital Oil and Gas Limited which has since went on to become one of the largest distributors of petrol products around Nigeria with a combined capacity to berth 3-6 vessels simultaneously and 32 loading arms.

He is the founder of The Authority Newspaper, a Nigerian daily newspaper and also the owner of Ifeanyi Ubah F.C., a football club in the Nigeria Premier League.

8. Louis Onwugbenu

A profile by The Guardian of him in 2016 said:

"Born into economic challenges 63 years ago, the intellectually promising young Louis had to forgo his education midway at the outbreak of the Nigerian civil war in 1967.

"He later started business in 1972 by selling of bolts and nuts, oil filters and plugs with the meager capital from his parents.

"It was his resilience that propped him on till he graduated into the importation of auto spare parts and rose above his peers in almost all respect.

"Between 1972 and 1977 when his extra hardworking started paying off, he became one of the few pioneer traders that made weekly shuttles to motor/motorcycle spare parts markets at Idumota, Lagos directly under the Carter Bridge; hence he was nicknamed ‘Louis Carter Bridge.’"

The headquarters of his conglomerate sits in the Carter Industrial Estate, spanning many acres in Nnewi.

9. Obiajulu Uzodike

Engr Gilbert Obiajulu Uzodike, founding Chairman/CEO of Cutix Plc was born on March 25, 1949, in Nnewi, Anambra state.

Founded in 1982 by Gilbert Obia­julu Uzodike, after returning from a stint with Raychem Corporation in the United States, Cutix has today grown in leaps and bounds, becoming a multi-award winning manufacturer of electric and telecoms cables, making it one of the best-performing indigenous companies quoted on the Nigerian Stock Exchange (NSE).

10. Odumegwu Ojukwu

Late Odumegwu Ojukwu, reportedly Nigeria's first black billionaire, and founding President of the Nigerian Stock Exchange, was knighted by Queen Elizabeth II.

The royal honor came after he helped the British during World War II with his fleet of trucks. He was so wealthy that during the Queen's visit in 1956, she was chauffeured around in his Rolls-Royce - apparently the only one in the country at the time - on the request of the colonial administration.

Profiled in September 1965 by TIME magazine, Ojukwu made his money by importing dried fish for resale, and diversifying into textiles, cement and transport. When he died a year later, his wealth was an estimated $4 billion in today's economic value.
Why is Evans not included

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Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by IamBornToWin(f): 5:56pm On Aug 17, 2017
What of Ogbuawa and Ekenedilichuwu
Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by SlayerForever: 6:22pm On Aug 17, 2017
Chairmen from the East. Ekenem unu. Igbo mmamma nu!
Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by BiafraMyAss(m): 8:31pm On Aug 17, 2017
Billionaire in naira... people like Shina Peller. I have never heard of igbo billionaire in dollars

1 Like

Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by investnow2013: 11:38pm On Aug 17, 2017
IamBornToWin:
What of Ogbuawa and Ekenedilichuwu
Ogbuawa is not from Nnewi town.
Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by hardywaltz(m): 11:49pm On Aug 17, 2017
Nnewi home of the Billionaires...
Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by IJOBA2: 12:03am On Aug 18, 2017
seunny4lif:
Please, which kind of Billionaires?Naira or Cedis ?
Becos we all know it's not Dollar and Euros
IS DOLLAR YOUR OFFICIAL CURRENCY




SLAVE

2 Likes

Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by seunny4lif(m): 12:48am On Aug 18, 2017
grin grin grin grin grin
OLODO grin grin grin grin
Billions in Cedis jooor grin grin
IJOBA2:
IS DOLLAR YOUR OFFICIAL CURRENCY




SLAVE
Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by Sard(m): 2:03am On Aug 18, 2017
You mean the self-acclaimed naira billionaires!??
We all know who the real dollar billionaires in Nigeria are and also know who the chest-beaters are.

May God bless everyone's hustles sha.

1 Like 1 Share

Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by AlwaysPad(m): 2:31am On Aug 18, 2017
diemods:

[s]But you diabolical afonjas got your wealth from stolen Igbo money in Nigerian banks and from robbing the ND of their oil wealth, and mining skull in Oshogbo[/s]
I wouldn't be surprised to know you are still a JSS2 pupil with the trash u wrote up there.

Afonjas stole Igbo money in Nigerian banks? Which of the Igbo's money and bank? And what's ur business with ND oil, why don't u stick to ur barren IPOB land?

2 Likes 1 Share

Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by eunisam: 3:37am On Aug 18, 2017
ndi Igbo
Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by Smoothie01(f): 4:19am On Aug 18, 2017
See shameless pple talking about dollar billionaires..... I've said this on another thread; wealth is spread in Igboland that's why every little village / kindred can boast of at least 5-10 naira millionaires...

I'd be bothered if we had just a few dollar billionaires and millions of touts / almajiris looking up to the so called "dollar billionaires" for crumbs

1 Like

Re: Meet 10 Nigerian Billionaires All From The Same Town Nnewi by laurel03(m): 6:30am On Aug 18, 2017
liberalsinnerx:
The thing about Igbo billionaires is they all started with nothing. No rich uncle like Dantata to loan them Money, nor do they have rich father like Gov. Otedola, or Textile millionare mother of Mike Adenuga.
that means ibo just started having first generation of billionaires and do you think all ds billionaires will not past the wealth to their children Seriously must you make everything tribal war?? Dangote make good use of his uncle wealth and if all nnewi billionaires join their wealth together they are not up to Dangote refinery alone...

2 Likes 1 Share

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