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Meet The First Billionaire In Nigeria And Founder Of NSE by Lowkeygee: 8:39am On Sep 01, 2022
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

Source: Facebook, Igbo History.

13 Likes

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by eagleae7(m): 8:48am On Sep 01, 2022
Great man

4 Likes 1 Share

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by Anieke77(m): 8:52am On Sep 01, 2022
My mentor proudly obidients even in grave

1 Like

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by gasparpisciotta: 9:11am On Sep 01, 2022
Despite the billions, Nnewi face no show and her shoe no shine

5 Likes 2 Shares

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by Blake755: 10:09am On Sep 01, 2022
Legend

3 Likes 1 Share

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by Geo4646: 10:27am On Sep 01, 2022
He go far

1 Like

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by LordIsaac(m): 10:42am On Sep 01, 2022
How did they come about his being the first billionaire? Pride mixed with lies destroys a people!

9 Likes 2 Shares

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by WhatCanIsay(m): 10:49am On Sep 01, 2022
LordIsaac:
How did they come about his being the first billionaire? Pride mixed with lies destroys a people!

Do you have any counter information from Forbes or any respected body?

Envy and hatred destroy the society.

13 Likes 1 Share

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by grandstar(m): 11:18am On Sep 01, 2022
He wasn't a billionaire but he was very wealthy. Billionaire no easy.

I'm shocked he died so young! Just 57 years.

2 Likes

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by colonelwealth(m): 11:36am On Sep 01, 2022
Lowkeygee:
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

Source: Facebook, Igbo History.



Amazing history and beautiful piece of information.
Thanks OP for the educating the general public.

Sir. Lious Ojukwu did not just build business empires but also built men(Ekene Dili chukwu&Izuchukwu transport companies), he also built institutions (Nigerian stock exchange, NigerCement, Lagos chamber of commerce, Guinness etc) and finally he built governments(The British world war 2 efforts&the early Nigerian economic foundations and importantly the old Eastern region economy).
His wealth that his son the legendary Gen. Odumegwu Emeka Ojukwu inherented also financed the Biafran war to a good extent.

Sir. Lious Ojukwu Snr. was a great Igbo man with many positive firsts to his belts and records in wealth creation and billionaire status in Nigeria.

Finally, it is important for everyone to learn from him to build people, institutions and governments and not themselves or families only.

Respect to a great man and a senior legend !!
May his soul continue to rest in peace.

6 Likes

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by OkCornel(m): 11:41am On Sep 01, 2022
But but BAT built Lagos for Louis Odumegwu Ojukwu to prosper.

Ojukwu would not have prospered if Tinubu didn’t develop Lagos tongue

Faulty BAT logic…

By the way, I’m impressed with Tinubu’s short speech here;


https://www.youtube.com/watch?v=YTyRtTNofCk


But I can no longer be deceived. Nigerians are still waiting for the steady light and 3 million jobs per year promised to them in 2014.

4 Likes

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by SlayerofSatan: 11:59am On Sep 01, 2022
Odimegwu Ojukwu is his father's identical twin.

eagleae7:
Great man
Re: Meet The First Billionaire In Nigeria And Founder Of NSE by Daniel058(m): 12:33pm On Sep 01, 2022
SlayerofSatan:
Odimegwu Ojukwu is his father's identical twin.

identical twin or you mean Carbon copy?


angry
Re: Meet The First Billionaire In Nigeria And Founder Of NSE by Baronthecelebri: 12:37pm On Sep 01, 2022
Anambra is the home of billionaires, but they should try to make it look like new York. One thing about IGBO people is a that, once you're loyal to an igbo man, forget it you'll prosper.

5 Likes

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by Kingnelson9: 1:52pm On Sep 01, 2022
gasparpisciotta:
Despite the billions, Nnewi face no show and her shoe no shine

Then how did you know a place called NNEWI ?
Re: Meet The First Billionaire In Nigeria And Founder Of NSE by YorubaSlur: 2:09pm On Sep 01, 2022
gasparpisciotta:
Despite the billions, Nnewi face no show and her shoe no shine

Nnewi has the highest number of millionaires concentrated within a location in Africa. You're right though, in case of development and town building, Nnewi ,just like other overhyped cities in Nigeria, needs replanning and state of the art infrastructural development

1 Like

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by Rexymania(m): 2:18pm On Sep 01, 2022
He only utilised his opportunities

1 Like

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by fortunez1(m): 2:57pm On Sep 01, 2022
So what happened to the wealth and name.

1 Like

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by tiswell(m): 3:10pm On Sep 01, 2022
igbo amaka
Re: Meet The First Billionaire In Nigeria And Founder Of NSE by eagleae7(m): 5:14pm On Sep 01, 2022
SlayerofSatan:
Odimegwu Ojukwu is his father's identical twin.
Carbon copy, great resemblance, great men
Re: Meet The First Billionaire In Nigeria And Founder Of NSE by Authoreety: 5:26pm On Sep 01, 2022
OJUKWU.. Onye ego
Re: Meet The First Billionaire In Nigeria And Founder Of NSE by Nova1982: 6:23pm On Sep 01, 2022
Afoonja:


Nnewi has the highest number of millionaires concentrated within a location in Africa. You're right though, in case of development and town building, Nnewi ,just like other overhyped cities in Nigeria, needs replanning and state of the art infrastructural development

Nnewi? Highest number of millionaires concentrated within a location in Africa? Ment?

Do you have any proof to back up your claim?

1 Like

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by owolabi5: 7:08pm On Sep 01, 2022
CAR PAPERS
Re: Meet The First Billionaire In Nigeria And Founder Of NSE by Nobody: 7:31pm On Sep 01, 2022
ODUGWU!! Trust Igbo people they never disappoint in terms of wealth cheesy

1 Like

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by rusher14: 8:08pm On Sep 01, 2022
Son wasted everything.
Re: Meet The First Billionaire In Nigeria And Founder Of NSE by 5991ayo: 9:29pm On Sep 01, 2022
This is one of d reason i love d igbo

1 Like

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by NomzyJust(m): 9:33pm On Sep 01, 2022
War is not cheap. It was his money Ojukwu used in the Biafran war that lasted nearly 3 years

1 Like

Re: Meet The First Billionaire In Nigeria And Founder Of NSE by Bkchoixe: 11:52pm On Sep 01, 2022
Legendary
Re: Meet The First Billionaire In Nigeria And Founder Of NSE by Hotfreeze: 12:56am On Sep 02, 2022
NomzyJust:
War is not cheap. It was his money Ojukwu used in the Biafran war that lasted nearly 3 years

Biafra was supported by France, China, Germany, Israel, Portugal, Spain, Vatican City, South Africa, Rhodesia (Zimbabwe), Haiti, Gabon, Ivory Coast, Tanzania, Czechoslovakia, yet you are saying it was Louis Ojukwu's money that was used in a war that lasted for 3 years. You are very daft.
Re: Meet The First Billionaire In Nigeria And Founder Of NSE by Nobody: 3:44am On Sep 02, 2022
SlayerofSatan:
Odimegwu Ojukwu is his father's identical twin.

Honestly.
This one no need DNA at all

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