10. MATTHEW OKPEBHOLO
Net worth: $35 million
Origin of wealth: Ashpalt,
Constructions/engineering
Industry: Construction
Age: 78
Residence: Uromi

Matthew Okpebholoh is the CEO of the Ray Royal construction company and founder of the Okpebholoh foundation.
He is heavily devoted to philanthropic activities which includes Yearly scholarships for the hundreds of randomly selected students nationwide, widows empowerment, and in 2017; construction of the entire road network of the Benson Idahosa University college of medicine.

9. MARGARET IDAHOSA
Net worth: $59 million
Origin of wealth: Schools
Industry: Education
Age: 79
Residence: Benin City

Margaret idahosa is the chancellor of Benson Idahosa University, BIU and the proprietress of the Word of Faith group of schools with over 108 branches spread across Nigeria.
She is the first female chancellor of a private university in Nigeria, the proprietress of the largest nursery, primary and secondary schools in Nigeria (WOF group of schools) and she’s the first female Pentecostal Bishop/Archbishop in Africa.
She is the wife of the late Archbishop Benson Idahosa and stepped into the office of the Archbishop of the Church of God mission international, CGMi (with thousands of branches worldwide) after her husband’s demise.

8. OBA EWUARE II
AGE: 69

Explicit details reserved.

7. MANSUR SAMBO
Net worth: $80 million
Origin of wealth: Construction and engineering
Industry: Oil and Gas
Age: 61
Residence: Benin City

Mansur Sambo is the immediate past managing director of NPDC.
Sambo joined the services of the Nigerian National Petroleum Corporation (NNPC) in 1999, and was posted to Pipelines and Product Marketing Company (PPMC) as a Mechanical/Planning Engineer, rose through the ranks over the years to become the Managing Director, of Nigerian Petroleum development company (NPDC).
Sambo’s achievements in the oil and gas industry include: coordinating government’s crude oil entitlement from all NNPC/ Federal Government Crude Oil Production Contracts Joint Ventures, Production Sharing Contracts (PSCs), and Modified Carry Agreements (MCAs), pioneering the establishment of a sustainable framework for the recovery of overriding crude oil royalties by marginal oil fields operators, developing of an enduring mechanism for improved government revenue shares from dispute-ridden 1993 production sharing contracts (PSCs), contributed significantly to Fund Sourcing Processes (FSPs) for various NNPC and federation projects, including cash calls arrears repayment, participated in the Petroleum Industry Bill –(PIB) reframing exercise from OGIC, participated in the development of Akpo field production – lifting agreement, established an electronic database of crude oil loading, transportation, and off-take; and participated in the development of operational guidelines, training manuals, and organising training exercises for all NNPC operators across 24 terminals.

6. ARUMEMI JOHNSON AND FAMILY
NET WORTH: $150 million
Origin of wealth: Airlines, farms, Constructions
Industry: Diversified
Age: 78

Johnson is the founder of one of Nigeria’s biggest airline companies, ARIK Air. He also owns, Ojemai investments Limited and Ojemai farms.
His 39yr old son Dr. Michael Arumemi Ikhide is now the MD of Arik air and one of the youngest billionaires in Nigeria
Johnson is sadly watching his world crumble as he’s gradually loosing ownership of majority of his establishments due to high level of debts and mismanagement.

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