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SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE - Politics - Nairaland

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SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by Macphenson: 6:36am On Aug 01
1. Sir Louis Ojukwu was a great man. He accomplished and made so much wealth before he died. All without Oil.

He was so Rich he did not need official papers to visit the Britain.

Sir Ojukwu's Rolls-Royce Silver Wraith LWB

was used to chauffeur Queen Elizabeth during her 1956 visit.

2. According to Forbes Africa, Sir Louis Odumegwu Ojukwu, who founded the Nigerian Stock Exchange (NSE), was the first Billionaire in Nigeria.

He practically owned Victoria Garden, Lagos.

3. Sir Ojukwu went to lagos with nothing in 1929 aged just 20 but 10 years later, he was already managing his own chain of businesses which included, Ojukwu Stores, Ojukwu textiles and Ojukwu transportation company.

4. By 1950, just Ojukwu Transportation company had over 200 trucks in its fleet. How did he do it?

Born Louis Philip Odumegwu Ojukwu in Nnewi in 1909, the only boy and second of four children,Sir Ojukwu went to Government primary School Asaba.

5. In 1922, he proceeded to the only secondary School in the Eastern region at the time, Hope Waddell training institute, Calabar. After completing his secondary School education in 1928.

Sir Louis secured a job as a tyre sales clark with John Holt lagos in 1929.

6. It was working as a tyre clark the Sir Louis Ojukwu noticed that many Igbo traders who came to lagos to buy tyres also bought textiles as well.

With his meagre saving, Sir Louis travelled down to Onitsha where he opened his first business venture called "Ojukwu stores"

7. and employed one of his relatives to oversee it.

He then returned to lagos and started sending down textiles on Lorries to his shop while still working for John Holt. Sir Louise's textile boomed.

By 1930, Louis bought a second hand truck

8. and employed a driver in other move his goods himself and 'Ojukwu transport company' was born. Sir Ojukwu worked tirelessly and by end of the 1930's, was the major transporter on the East-West Road.

In 1939, on the outbreak of world war 2, the British Government requested

9. use of Sir Ojukwus fleet of trucks for the War effort to which he agreed.

When the war ended in 1945, the British Goverment recognised the sacrifice he made and he was awarded a KBE (Knight of the British Empire).

10. The end of the war also created a high demand for raw materials from West Africa and Sir Ojukwus Transport business exploded sky high and he diversified into other businesses.

Some of Sir Ojukwu's early drivers such as Chief Ilodibe (Ekene Dili Chukwu)

11. and Chief Izuchukwu (Izuchukwu Transport) would later become Transport moguls themselves (Igbo wealth Creation).

Sir Louis was also a financial pillar of Ziks NCNC party and when the party came to power in 1960, Sir Louis was offered the position of Finance Minister

12. which he turned down, the position ultimately went to Okotie-Eboh. Sir Louis died in Nkalagu, present day Ebonyi state, in 1966.

Some.of his key achievements includes ;

- The first President of the Nigerian Stock Exchange.

- President, African Continental Bank

13. - Chairman, Nigerian cement company (NIGERCEM)

- CEO, Ojukwu Transport company...over 5000 fleet of trucks.

- Chairman, Nigerian National Shipping Line...over 100 ships and vessels

- Chairman, Lion Of Africa Insurance Company

14. - Chairman, BISCO Nigeria Limited cool Chairman, Nigerian Industrial Development Bank. founded to specifically give loans to industries

- Vice President, lagos Chamber Of Commerce

- Chairman, Palmline Shipping company

- Chairman, Nigerian Produce Marketing board

15. - Director, Shell D'Arcy Petroleum

- Director, Thomas Wyatt & Son

- Director, Nigerian Coal corporation

- Director, Guiness Nigeria Limited

- Director, Nigerian Tobacco Company

- Director, Daily Times of Nigeria

16. Sir Louis Ojukwu also owned numerous building, landed properties and stocks.

It is estimated that as at the time he died in 1966, he was worth about 40 Billion Dollars in today's money.

How many Billionaires in Nigeria today do we know their background?

17. It is not a coincidence that his town, Nnewi, has the highest number of Billionaires in Nigeria today. You can clearly see the effect of wealth distribution. He inspired many of those Billionaires from Nnewi and beyond. Until a man that believes & understands wealth distribution
Rule Nigeria, we will not make progress. It will continue to be a wild goose chase. Feudal mentality is nothing but slavery.
Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by MetaPhysical: 7:15am On Aug 01
- The first President of the Nigerian Lagos Stock Exchange.

Mobolaji Bank-Anthony

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Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by helinues: 7:17am On Aug 01
sad
Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by StaffofOrayan(m): 7:28am On Aug 01
Jacob Sogboyega Odulate invented the Alabukun Powder in 1918.
Pic credit: Nigerian Monitor

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Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by Inkopere: 7:35am On Aug 01
And these days, all 80% of us think about is oil money, well a new economy is coming and it's gonna make common people trillionaire

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Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by Is04970: 7:37am On Aug 01
What was the GDP of Nigeria then?
He could even be richer than the present day billionaires due to inflation but I doubt if he was ever a billionaire.
Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by IamWonderful: 7:45am On Aug 01
Billionaires? is all Nigerian resources going into his pocket? how much does Nigeria herself worth then.
Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by Abouwaza(m): 8:53am On Aug 01
Dey decieve yourself
Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by Macphenson: 8:58am On Aug 01
IamWonderful:
Billionaires? is all Nigerian resources going into his pocket? how much does Nigeria herself worth then.

He was estimated to worth about FOUR BILLION US DOLLARS.

His Royce Royce was used to carry Queen Victoria when she visited Nigeria.

Google can help you confirm.

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Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by Nobody: 9:25am On Aug 01
Sir Louis Philip Ojukwu’s legend still lives on! May his soul rest in peace. I pray to become another Louis Ojukwu in my own way. So help me God.

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Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by MudRaker: 9:32am On Aug 01
He was rich but not billionaire wealthy.

The patriach of the Ibru dynasty was far richer as his business empire spanned aviaton, fishing, palm oil , hospitality and print media which are all in business today.

Ojukwu's father left only buildings in high brow areas in Lagos , PH and Calabar which the Nigerian govt commandeered during the civil war.
Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by Tranquillity360: 9:35am On Aug 01
children of hate from waste will start hating now.



All they wish Igbo is evil.

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Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by MudRaker: 9:35am On Aug 01
Macphenson:


He was estimated to worth about FOUR BILLION US DOLLARS.

His Royce Royce was used to carry Queen Victoria when she visited Nigeria.

Google can help you confirm.

Do you know what $4bn back then is worth in today's money?

The world's richest men back then were not worth that amount other than the Rockerfellers and the Rothschilds heirs would have surpassed that figure.

I am calling bullsh!t on your figures
Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by Itohanprefa: 9:40am On Aug 01
Nnewi people didn't start today

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Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by Itohanprefa: 9:42am On Aug 01
People of hate and envy coman and hate o grin

Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by Macphenson: 10:25am On Aug 01
MudRaker:


Do you know what $4bn back then is worth in today's money?

The world's richest men back then were not worth that amount other than the Rockerfellers and the Rothschilds heirs would have surpassed that figure.

I am calling bullsh!t on your figures

Why not do your research. Have you not heard that his son used his father's money to fight the civil war?

How much do you think can be used to fight a war.

That's no joke.
Please kindly do your independent research, and come up with facts.

Once again, Google is your friend.

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Re: SIR LOUIS OJUKWU: FIRST NIGERIAN BILLIONAIRE by JIMMY1393: 8:17am On Oct 25
Macphenson:


He was estimated to worth about FOUR BILLION US DOLLARS.

His Royce Royce was used to carry Queen Victoria when she visited Nigeria.

Google can help you confirm.

Which one is royce royce again grin

1 Like

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