Fidelis Ayebae

Fidelis Ayebae is the founder and pioneer Chief Executive Officer of Fidson Healthcare Plc, which was established in 1995.

He graduated from the Mainland Institute of Technology in 1976 with a Diploma in Civil Engineering. He also obtained an Advanced Diploma in Business Administration from the University of Lagos in 1999.

He has experience in corporate management, having worked in Nigeria International Bank (now Citibank) as an Assistant General Manager and in Metalum Limited as a Project Manager.

He was appointed to the board of NEM Insurance Plc in September, 2009, and is currently Chairman.

Fidelis is an Associate of the Chartered Institute of Administration and also a member of the Nigeria Institute of Management.

He holds 446,534,443 units of shares at Fidson Healthcare Plc. As at our cut-off date, Fidson was trading at N5.68 per share. This gives him a net worth of N2.5 billion.

Lieutenant General Theophilus Yakubu Danjuma


T.Y. Danjuma, GCON, is the Chairman of May & Baker Nigeria Plc and had once single-handedly bailed the company from financial straits with a multi-billion Naira loan.

He served as a Minister of Defense for the Federal Republic of Nigeria from June, 1999, to March, 2003. He had once been the Chief of Army Staff of the Nigerian Army from 1975 to 1979.

Though largely known for his service in the military, Danjuma has also proven to be an astute businessman.

He has 254,841,302 units of shares in May & Baker Plc which was trading at N3.20 per share as at our cut-off date. This gives him a net worth of N815 million.

Danjuma could be worth much more, as he is known to have several holdings in other blue-chip firms outside the pharmaceutical sector.

Notable mentions
A.B.C Orjiako


Dr. ABC Orjiako has been the Chairman of Seplat Petroleum Development Company Plc since March 3, 2010, and has been its Director since December 14, 2009. He doubles as the Chairman of Neimeth Pharmaceuticals Plc.

Dr. Orjiako holds an MBBCH degree from the University of Calabar. He trained as a general surgeon in Lagos University Teaching Hospital (LUTH) from 1989 to 1991.

He sub-specialised in orthopedic and trauma surgery at National Hospital, Igbobi, and qualified as a Fellow of the West African College of Surgeons.

In 1996, he delved into business, after eleven years of active medical practice at LUTH and National Orthopedic Hospital, Igbobi, Lagos.

He has 372,377,503 units of shares at Neimeth Pharmaceuticals Plc. As at our cut-off date, Neimeth was trading at N0.82 per share. This gives him a net worth of N305 million.

Orjiako makes the cut, despite having pharmaceutical holdings worth less than a billion, due to his being a billionaire from his holdings in Seplat Petroleum Development Company Plc.

Prof. Elijah Ndajiya Sokomba
Elijah N. Sokomba is a Professor of Pharmacology at the University of Jos.

He is on the board of directors at Neimeth International Pharmaceuticals Plc. He has 409,857,176 units of shares at Neimeth.

As at our cut-off date, Neimeth was trading at N0.82. This gives him a net worth of N336 million.

Folarin Rotimi Abiola Williams Jnr.
Folarin is a son of the late legal luminary, Frederick Rotimi Alade Williams (popularly known as F.R.A Williams or Timi the law). Mr. F. R. A. Williams Jnr. is a Chemical Engineer and a legal practitioner.

He was educated at Imperial College of Science and Technology, London, where he graduated with a B.Sc. (Hons.) AGGI Chemical Engineering. Following a study at Selwyn College, Cambridge, from 1981 to 1983, Mr. Williams obtained an MA Cantab Law, and subsequently attended the Nigerian Law School from 1983 to 1984.

He holds a total of 72,587,449 shares in Pharma Deko Plc. As at our cut-off date, this gives him a net worth of N163,321,760.

Mazi S.I. Ohuabunwa


Mr. Ohuabunwa read Pharmacy in the University of Ife, graduating in 1976. He has a postgraduate degree in Business and Organizational Management at the Columbia University, N.Y., USA, and another one from the Lagos Business School.

He joined Pfizer Products Plc in 1978 as a Pharmaceutical Sales Representative and rose to become the Chairman/CEO in 1993.

In 1997, he led the management buy-over of Pfizer Inc shares in Pfizer Products Plc, transforming the resultant company, Neimeth International Pharmaceuticals Plc, into a medium-sized Nigerian R& Based Pharmaceutical company.

He voluntarily retired from the company after 33 years of service in the industry, 18 years of which were at CEO level.

He has 126,956,834 units of shares at Neimeth. As at our cut-off date, Neimeth was trading at N0.82. This gives him a net worth of N104 million.



Mrs. Funmilola Ayebae


Mrs. Olufunmilola O. Ayebae got her Professional Secretaries Diploma from the London College of Secretaries in the United Kingdom, after which she worked in many organisations in various capacities for a number of years, before establishing her own business, Goodness Supermarket, in 1995.

She is also the MD/CEO of Townhouse Limited. She became a Director of Fidson Healthcare Plc in 2001. She has 64,220,000 units of shares in Fidson Healthcare Plc.

As at our cut-off date, Fidson was trading at N5.68 per share. This gives her a net worth of N364,769,600.

Mrs. Ayebae makes the cut by virtue of being on the board and married to the founder of the company.

Note that Prof. Elijah Ndajiya Sokomba has more stake than ABC Orjiako in Neimeth.

Gidgiddy, mrvitalis


I created this thread because you said igbo own 70% pharmaceutical companies in Nigeria..

These are the major Pharmaceutical companies own by Nigerians in Nigeria.

Great representation by the dozens of the industries they are commanding. Kudus!

Racoon:
Great representation by the dozens of the industries they are commanding. Kudus!

Hypocrite. Are they no more the highest manufacturer of drugs?

You guys think we are talking cocaina here shey?

alanto:
Gidgiddy, mrvitalis


I created this thread because you said igbo own 70% pharmaceutical companies in Nigeria..

These are the major Pharmaceutical companies own by Nigerians in Nigeria.

Na today you know them with exaggeration

Is that not how they are claiming 90% of house and businesses in Lagos is igbo owned

Difrent:


Na today you know them with exaggeration

Is that not how they are claiming 90% of house and businesses in Lagos is igbo owned

I just tire for them. But they'll be fact checked hence. We all are not illiterate. We will ecpose them.

alanto:
Gidgiddy, mrvitalis


I created this thread because you said igbo own 70% pharmaceutical companies in Nigeria..

These are the major Pharmaceutical companies own by Nigerians in Nigeria.

Firstly I said local pharmaceutical industries

You listed pharmaceutical companies and left out the biggest emzor lmaoo

Bros

NAFDAC
https://www.nafdac.gov.ng › ...PDF
List of Inspected Local Pharm. Manufacturing Facilities

Below is the 180 pharmaceutical companies in Nigeria and their facilities

U can browse the owners and compute them
If the ones owned by Nigerians 70% are not owned by igbos you get 200k

Only this few in a country of 200 million.
We definitely need more investors in different segment of Pharmaceutical productions especially in primary production of active ingredients of Pharmaceutical products. Most of these companies above are only involved in compounding and labeling.

EmeeNaka:
Only this few in a country of 200 million.
We definitely need more investors in different segment of Pharmaceutical productions especially in primary production of active ingredients of Pharmaceutical products. Most of these companies above are only involved in compounding and labeling.

Are you minding the lair?

NAFDAC
https://www.nafdac.gov.ng › ...PDF
List of Inspected Local Pharm. Manufacturing Facilities

There are over 180 Pharmaceutical manufacturering plants in Nigeria

You guys are very confused and full of envy for no reason.

List the pharmaceuticals in Nigeria even the one in your state with the names of their owners.

The Pharmaceutical company in Nigeria is dominated by igbos. My village alone has two pharmaceutical companies solemnly owned by two people from my village. They didn’t go public.

Other tribes who also dominate in different sectors. Eg farming by northerners. but the people of the eastern Nigeria respect that fact.

Confused Tribalist parading everywhere.

List the Pharmaceutical companies in Nigeria and you are here listening just 4 companies.

If e sure for una, list the companies in Nigeria with their owners.

Confuse people.

alanto:

I just tire for them. But they'll be fact checked hence. We all are not illiterate. We will ecpose them.

Oga I have dropped link of all the pharmaceutical companies in Nigeria Oya come and fact check ooh

The list is from NAFDAC

Op this your list is very poor and a disservice to the great men and women irrespective of tribe who have worked hard to make the pharmaceutical industry in Nigeria one of the best in Africa. But this is what happens when we allow tribalism to blind us. If I were you I would apologise and modify my post to reflect the enduring legacies and great opportunities still available in the pharmaceutical industry in Nigeria.

Smithkafors:
You guys are very confused. The Pharmaceutical company in Nigeria is dominated by igbos, the same with other tribes who also dominate in different sectors. Eg farming by northerners.

Confused Tribalist parading everywhere.

List the Pharmaceutical companies in Nigeria and you are here listening just 4 companies.

If e sure for una, list the companies in Nigeria with their owners.

Confuse people.

Imagine the fuul listed rich people in the pharmaceutical industry didn't mention emzor

Fidson he mentioned because he thought he was Yoruba is Edo... Fidson by raw material from emzor

He didn't even mention juhel of all people

Smithkafors:
You guys are very confused. The Pharmaceutical company in Nigeria is dominated by igbos, the same with other tribes who also dominate in different sectors. Eg farming by northerners.

Confused Tribalist parading everywhere.

List the Pharmaceutical companies in Nigeria and you are here listening just 4 companies.

If e sure for una, list the companies in Nigeria with their owners.

Confuse people.

You can make a list to prove it instead of making wild claims without data, back your claims with data not asking others to do it for you.

JagabanB:

You can make a list to prove it instead of making wild claims without data, back your claims with data not asking others to do it for you.

Why will I?.

This is a joke taking too far.
Pharmaceuticals?… you guys seriously need to travel so that you will put respect on the name “Igbos”.

Jess.

Even Nafdac will laugh at you.

Smithkafors:


Why will I?.

This is a joke taking too far.
Pharmaceuticals?… you guys seriously need to travel so that you will put respect on the name “Igbos”.

Jess.

Even Nafdac will laugh at you.

You haven't travelled more than me.
Make a list and quit the noise.

No Emzor
No Orange Drugs

This mumu op na tribal mumu.

Difrent:


Na today you know them with exaggeration

Is that not how they are claiming 90% of house and businesses in Lagos is igbo owned

I don't know why you Yorubas are always battling with inferiority complex? You Yorubas should understand that you are not equals with the Igbos no matter how you try, that is a fact..
Firstly, the Op mentioned just few names he knew for ego sake and fellow haters like him are commenting in estacy... He forgot to mention Orange drugs, he forgot Emzor, et El.
Ok, most of you Yorubas don't see beyond your hamlets in Osogbo that's why you will just wake up one morning after sipping fermented palm wine get a data of 100 naira to be typing trash becos we Igbos imported cheap techno Phones for you to use in insulting us

For your information, the three Biggest drugs wholesale and distribution markets in Nigeria are located at , Onitsha, Aba and Kano all controlled by the Igbos, fact! Go and verify.

Even if your Yoruba brothers finish producing whatever drugs he is producing without going to Onitsha to chew Kola, that drugs will not sell in Nigeria, go and verify.

So I wonder the level of ignorance you Yorubas are harbouring in your DNAs that is a product of jealousy and hate, you people should seek help.

Difrent:


Na today you know them with exaggeration

Is that not how they are claiming 90% of house and businesses in Lagos is igbo owned

I don't know why you Yorubas are always battling with inferiority complex. You Yorubas should understand that you are not equals with the Igbos no matter how you try, that is a fact..
Firstly, the Op mentioned just few names he knew for ego sake and fellow haters like him are commenting in estacy... He forgot to mention Orange drugs, he forgot Emzor,
Ok, most of you Yorubas don't see beyond your hamlets in Osogbo that's why you will just wake up one morning after sipping fermented palm wine get a data of 100 naira to be typing trash becos we Igbos imported cheap techno Phones for you to use in insulting us

For your information, the three Biggest drugs wholesale and distribution markets in Nigeria are located at , Onitsha, Aba and Kano all controlled by the Igbos, fact! Go and verify.

Even if your Yoruba brothers finish producing whatever drugs he is producing without going to Onitsha to chew Kola, that drugs will not sell in Nigeria, go and verify.

So I wonder the level of ignorance you Yorubas are harbouring in your DNAs that is a product of jealousy and hate, you people should seek help. .. Igbo no be una mate know this and know peace.

alanto:
Gidgiddy, mrvitalis


I created this thread because you said igbo own 70% pharmaceutical companies in Nigeria..

These are the major Pharmaceutical companies own by Nigerians in Nigeria.

Good article bro

You simply made the list out of fear. Imagine listing share holders without listing the owners.
Imagine leaving out Emzor, 🍊 Orange drugs and Juhel. Your post shows how badly southwest have been left behind and how desperately this present ronu generation are fighting it off via useless propaganda.

Scam list without the biggest of them all being Prince Julius Adelusi-Adeluyi of Juli Pharmacy

The owners of MedPlus and HealthPlus, Joke Bakare and Bukky George that redefined the pharmaceutical retail space from the chemists we once knew run by the fake drugs and fake everything cartel

The list is incomplete.
No Juhel, Orange drugs, Emzor and Nkoyo pharmaceuticals. ah

COMRADES, op could have included their pix in order to add vibe to the info

Is it the Neimeth that is burdened with loans and debt?

Smithkafors:


Why will I?.

This is a joke taking too far.
Pharmaceuticals?… you guys seriously need to travel so that you will put respect on the name “Igbos”.

Jess.

Even Nafdac will laugh at you.

Which school una go sef

He asked you to back up your claims with verifiable stats and this is all u could say


Everywhere in the world, statistical Data from a verifiable medium have always been the best way to confirm factual figures

yoruboid:
Scam list without the biggest of them all being Prince Julius Adelusi-Adeluyi of Juli Pharmacy

The owners of MedPlus and HealthPlus, Joke Bakare and Bukky George that redefined the pharmaceutical retail space from the chemists we once knew run by the fake drugs and fake everything cartel

I told u yesterday that Fergie was gonna delete your comment on that One Port thread

Interesting

When we churn out facts and figures, the chest billionaires disappear.
The “We developed Lagos” crew