Femi Abodunrin is a speaker, motivator and internet "hopeful" based in Lagos, Nigeria. His company had some problems with investors in his native Nigeria through the Netdom network and the use of the Internet.

Born in Offa, Kwara State, Nigeria in 1974, he had his primary education at Hordle House School, Hampshire, England.

His secondary education was at Mayflower School, Ogun State, Nigeria under Dr Tai Solarin where became the Senior Prefect Boy.

He obtained a degree in Estate Management from the Federal University of Technology, Akure where he became Students Union President.

It was at the Federal University of Technology, Akure that he started Netdom Network, his first company. He now renders online based services to people in Nigeria, Benin Republic, Malawi, Ghana and other African countries.

smile4kenn:

google

Mindspring:

I don't know who the first internet entrepreneur is in Nigeria, but perhaps the question should be "Are there Nigerians online who are making millions (in USD) not Naira?", and the answer is an unequivocal YES. Here is proof of a company owned by a Nigerian (30 something year-old Nigerian) and I know their family well: Read it for yourself:

http://www.entrepreneur.com/magazine/entrepreneur/2006/september/165976.html

niyyie: Do not get me wrong "smartsoft".

I have not said I don't believe he had "hammered" before. My point is, I need evidence to point to the fact that he had ever been rich from working online and I said no mention was made of his previous wealth, in that Wikipedia entry.

No harm in asking - is there?

Also, I never knew about this guy.

akintun:
Valuing a business is not as simple as u put it. U have actually wrongly explained 2 methods of valuing a business. No one whose monthly profit is 25,000 dollars can be called a millionaire, even if he owns 100% of d company. Valuing dat type of business involves discounting d future profit by d cost of capital. An individual can actually be a millionaire if investors invest 5 million dollars in his business. If investors invest 5 million 4 a 60% stake, then d person automatically is a millionaire.

smartsoft:
niyye i will tackle you there, this is the person i know well, all information might not be posted online but the guy ran into millions, later he got himself into trouble, any internet business guy way back then should know him 4real because he was the first person. www.netdomng.net

His major business way back then was ,

Credit Card Ordering /Debit Card
Payment Solution
Make Payment online
Domain registration
Web hosting
Website design
Make money online
he runs a big seminar on website design and online payment, creditcard

Alotta people payed him big money to start their own company, payed money to order cards for them, have been to his seminar longtime ago, there i met one of his website designer which happend to be my friend uptill date

So the guy don hammer and later rundown