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Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri - Politics (3) - Nairaland

Nairaland ForumNairaland GeneralPoliticsSir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri (18606 Views)

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Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by chopnaira: 7:33am On Sep 08, 2025
Iceberg3:
The real disgraceful thing is that,you Nigerians have a very long way to go....

With all the insecurities and bloodshed happening,petty tribalism and ethnicity remains your major attention. Really disgraceful
Where is the tribalism in reno's post? None can be found.

Stating historical fact is not tribalism but truth telling.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by Psalmwhyte(m): 7:35am On Sep 08, 2025
I guess it's about time the PRESIDENT. TINUBU APC led government consider this man RENO for an appointment considering his constiency & visibility.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by chopnaira: 7:35am On Sep 08, 2025
blackgold2018:
Bunch of poor fools defending their paymasters up here. They loot and leave you with 30k allowance🤣 to take hold body and buy data
It has now been increased to 50k. Did you not get the memo





🤡
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by AngelicBeing: 7:37am On Sep 08, 2025
Slytiger:
Tears go plenty under that tweet. grin
Westin Obi Apga Bianca Lp Ojukwu Obidients Elrufai the green snake 🐍 do you , hahaha 😂
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by Guide777(m): 7:37am On Sep 08, 2025
Here’s a clean, source-checked breakdown of what’s solid, what’s shaky, and what’s simply wrong in Reno’s post.

Bottom line (first)

He’s right that the “Queen rode in the Emir of Kano’s Rolls-Royce” story fits the evidence for Kano ”

He overreaches when he says the Queen “never” rode in any car provided by Sir Louis—what the evidence shows is that multiple cars were used on the 1956 tour (a UK state Phantom IV in parts of the trip, and an open-topped Rolls in Kano). That debunks the viral “Ojukwu’s car everywhere” claim, but it does not prove the categorical “never” he asserts.

He also misquotes Time magazine about Sanusi Dantata and uses faulty economics to argue there were “no billionaires” for 40 years.



---

1) The Queen’s car in 1956: what the record actually shows

Kano segment: The Royal Collection Trust explicitly captions a photo of the Queen and Duke in an open-topped limousine in Kano. This aligns with extensive reporting that the Emir’s vintage Rolls-Royce was used locally. That part of Reno’s post is consistent with primary material.

Other segments (e.g., Lagos): British Pathé’s film notes and the UK record on state and royal cars confirm that a Rolls-Royce Phantom IV landaulette (a UK state car carried aboard HMY Britannia) was used on overseas tours including Nigeria in 1956. In other words, the Queen did not rely on a single privately owned Nigerian car throughout the tour.


Why Reno’s “never” goes too far: showing that the Kano photos feature the Emir’s car doesn’t logically prove the Queen never used a vehicle sourced by anyone else (including Sir Louis) at any point on a multi-city tour. The correct, source-backed statement is: the viral claim that “the Queen rode in Ojukwu’s Rolls-Royce” as a blanket description of the 1956 tour is unsubstantiated; the best-documented cars are the UK state Phantom IV and, in Kano, the Emir’s Rolls.

(Side note: invoking Daily Mail and social posts adds color but they’re secondary; the Royal Collection Trust and British Pathé are the weight-bearing sources.)


---

2) “Sir Louis was never the wealthiest man in Nigeria”

What we actually know: Contemporary reporting places Sir Louis Odumegwu Ojukwu and Sanusi Dantata among Nigeria’s richest businessmen in the mid-1960s. Time’s 1965 piece profiles them together; it does not crown Dantata as the richest. Reno’s wording (“acknowledged by Time as the wealthiest”) overstates the source.

What we don’t know: There were no Forbes-style, audited net-worth league tables for 1950s/60s Nigeria. Saying Sir Louis was never No. 1 is an absolute claim that can’t be substantiated with available records—at best we can say he was “among the very richest.” (For context about his stature: he was knighted and was one of the seven subscribers/founders of the Lagos Stock Exchange—hard data points about influence and standing.)


Fallacy call-outs:

Argument from ignorance / over-certainty: Claiming “not even the wealthiest… at any point” exceeds what the sources allow. Absence of a definitive league table ≠ proof of “never.”

Source misrepresentation: Time didn’t name Dantata as the wealthiest; it grouped several tycoons (including Ojukwu).



---

3) “There were no billionaires in Nigeria for the first 40 years”

GDP figures: Reno’s 1960s GDP numbers are broadly in line with World Bank series (current US$ around $4–7bn in that decade).

But the reasoning is wrong: He argues that because 1960s GDP≈$4–7bn, a $1bn net worth would be “a quarter of Nigeria’s wealth.” That’s a category error: GDP is a flow (one year’s output), while net worth/wealth is a stock (assets–liabilities). You don’t compare a person’s stock of wealth to a country’s flow of GDP to prove impossibility. Plenty of countries have had individuals with net worths equal to meaningful slices of annual GDP. So his math doesn’t prove his conclusion, even if the practical conclusion (no USD billionaires back then) is likely true.


Cleaner claim: “By USD standards, a 1950s/60s Nigerian billionaire would have been extraordinarily rare worldwide; there’s no credible evidence of one.” That’s defensible without the GDP fallacy.


---

4) “Wealth in Nigeria usually comes from the desert or the water”

This is an overgeneralization. Nigerian fortunes historically came from long-distance trade, produce/groundnuts/cocoa, timber, transport, real estate, banking, and later oil & gas, telecoms, cement, etc.—not just Sahelian caravans or ports. It’s a neat aphorism, not an analytical framework.


---

5) Two verifiable facts about Sir Louis that matter (and often get muddled)

Knighthood: Listed in the London Gazette—no controversy there.

Stock Exchange role: The NGX (official site) lists “Sir. Odumegwu Ojukwu” among the seven subscribers who created the Lagos Stock Exchange in 1960. (Many blogs call him “first president”—the Exchange’s own page confirms subscriber/founder status; it does not label him the first president.)



---

6) Speculation about Emir Sanusi’s 1957 acting-governor role as a “reward”

Saying the British made Sanusi Acting Governor of Northern Nigeria in 1957 as a reward for lending the car is post hoc speculation with no documentary support in the sources cited. That causal leap isn’t justified by the record.


---

A fairer, source-grounded synthesis

The viral “Ojukwu’s Rolls” story as a blanket claim for the 1956 tour is unsupported by primary sources; the best evidence shows a UK state Phantom IV was used on the tour and an Emir of Kano Rolls was used in Kano.

Sir Louis was among Nigeria’s richest businessmen of his era (Time groups him with Dantata), a founder of the Lagos Stock Exchange, and knighted—clear markers of top-tier status. Declaring he was “never the wealthiest” is an over-confident claim that the available evidence can’t settle.

The “no billionaires” point likely holds in nominal USD terms, but Reno’s GDP argument is technically wrong and doesn’t prove the claim.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by DukeofLAGOS: 7:38am On Sep 08, 2025
aribisala0:
My question is
is Ojukwu attacking Tinubu from the grave

Please answer


How is talking about Ojukwu = defending Tinubu
What does Tinubu have to do with this story?
Baba his statement was all about ethnic supremacy, automatically ETHNIC DIVISION,which is criminal under d laws ,he(reno) is neither of the major ethnic groups igbo Yoruba or hausa,but subtly throws jabbs on d igbo ethnic group to fend their anger against the innocent Yorubas tribe......
D idea behind this is division,it's a hatchet and paid job I can tell u with personal evidence
Such manipulations keep getting into minds of shallow individuals who think their brothers of the other ethnic divide is their enemy which is far from d truth.
The real enemy is d leadership which has all d criminal ethnic group come together to loot d country mindlessly....then pays their e.worrriors to spread hate they are so many on NAIRALAND even as moderators..nothing last forever
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by stuffs2002: 7:38am On Sep 08, 2025
Baawaa:
Reno Omokri is really tackling these people because of Tinubu,how much did Tinubu pay this guy
Anyone who exposed your lies is now being paid by Tinubu.

Igbos claimed that Louis Odumegwu Ojukwu was a billionaire yet the GDP of the entire country was about N4billion. Which means Louis Odumegwu Ojukwu was richer than his region which is impossible.

Igbos claimed Emiar Sanusi's Rolls Roy's yet everyone must not expose the lie
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by DONFASZY(m): 7:40am On Sep 08, 2025
[.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by Konquest: 7:44am On Sep 08, 2025
muhammaduyusufu:
https://x.com/renoomokri/status/1964649146415223112
That's what objective investigations from historical archives entails. A lot of historical disinformation is out there being pushed by organized gangs and secessionists with the advent of the Internet, BUT by consistently archiving raw historical evidence, these fictitious stories can easily be debunked.

Reno being an astute UK-educated lawyer, investor, and history enthusiast did a brilliant job in emphasizing on these specifics.
Kudos to him.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by Iceberg3: 7:46am On Sep 08, 2025
chopnaira:
Where is the tribalism in reno's post? None can be found.

Stating historical fact is not tribalism but truth telling.
Good for you and your family
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by DimIsaac10(m): 7:47am On Sep 08, 2025
His opinion is respected. He should also respect others.
He was not born then and so also those making their opinion.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by Konquest: 7:48am On Sep 08, 2025
muhammaduyusufu:
Some reactions:
@Greg Nwoko
True and am also aware that during her 21 days 1956 Royal visit to Nigeria, Queen Elizabeth was chauffeured by more than one Rolls Royce.

@Grok
Noted. Historical records confirm the 1956 Rolls-Royce used by Queen Elizabeth II in Kano belonged to Emir Muhammadu Sanusi I, not Sir Louis Ojukwu. On wealth, sources like Time Magazine (1965) highlight Sanusi Dantata as one of Nigeria's richest in the 1960s, while claims of Ojukwu being a billionaire appear exaggerated given Nigeria's GDP at the time. Thanks for the context.


@sonofGod
How can he Ojukwu be a billionaire when even state budget as at that time is not in billions. Some lies no make sense na

@legendaryenoch
Splendid read very educative
Thanks Sir

@nura sabo anku
Facts nothing but factual from a role model.
Indeed, Grok is one of the advanced AI tools that does a BETTER job at sussing out these historical innacuracies and propaganda.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by Iceberg3: 7:50am On Sep 08, 2025
Shame.
See all of them now students of Igbo history grin

All of them are doing very well in their nna historical studies 😂😂🤣🤣🤣🤣🤣
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by epainos:
To me, all these false historical stories are unnecessary. The past is the past, and what we need to do is to become progressive, but I see Igbos always digging the past, and creating false theories to rewrite history that wont benefit them.

Mark my words: the tribe that looks forward and prepare adequately for it will be the most progressive in Nigeria, and I don't see the Igbos doing it. SS is doing a very good job. For example, as flawed as Akpabio is, he hijacked football games in Nigeria by building that fantastic stadium. He took over from Lagos, but I know Lagos is going to rebuild the National Stadium in Surulere the moment they have 100% control of it. Na FG dey dull them. Rivers states was doing well until this saga between Wike and Fubara.

Moving to SW, Lagos is the king. Lagos has stopped developing towards the rest of Nigeria, and has shifted it towards the Atlantic ocean (land reclamation), and towards Benin, Togo, Ghana, and Cote D'Ivoire. Ogun caused it with the too many court cases about land. And I am just happy about that.

I have not heard much from the whole of the north and SE. But the north might just be the next thing that the whole Nigeria will squeeze. I am talking of Lithium and uranium there. I am sure the whole of the south will "tanga" for dem things the way dem to tanga for oil. grin

So, Igbo needs to wake up and let go of the past. Letting go of the civil war issues is paramount for their development. If they continue to spread false information, they will hit the rock. Simon Ekpen and Nnamdi Kalu are both cooling off in the prison presently, and the whole world is moving forward. Trouble makers will be kept safely where they belong until the most useful years of their lives are wasted. Most offenders like that are released when they contact terminal diseases after they have already been wasted. So, let's use wisdom. Let's look forward.

Goodluck to everyone.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by zero8zero(m): 7:51am On Sep 08, 2025
Antoeni:
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.
Lamba! powered by mkpurummiri

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.
Without Lagos, he would have been a nobody, Lagos has been saving lives yet igbos won't give Lagos and SW their due credit.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by F117nighthawk: 7:55am On Sep 08, 2025
Jobless guy,this one na him problem?the man that is dead and long gone, instead of him to look for better things to do with his time and life,na person we don die,live well during his time he dey chase him history.
A Lai ni ṣe se.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by zero8zero(m): 7:56am On Sep 08, 2025
IGBOSON1:
Now listen! Ikembas' dad DID provide his Rolls for the Royal visit to Nigeria in 1956! The Queen obviously used different ones for her visits to the Northern and Western Regions, but for her visit to the Eastern Region, she used Sir Louis' Rolls Royce. So the assertion that bigots and Igbo haters are trying to disprove, simply out of hate, is true!

In the attached clip that focused on here trip to the Eastern Region, you can see The Queen shaking hands with Sir Louis @1.21 He's the one looking a bit like MKO Abiola. And at @1.42 you can see her arriving the Eastern Assembly in Sir Louis' Rolls. Notice the Rolls is different from the other two shown on this thread which she used in the Northern and Western Regions....those were either fully convertible (Northern) or partly convertible (Western). A better view of the car is shown from @4.25


https://www.youtube.com/watch?v=cNAP9noiyD8?si=Iyf3GBm6l0RUacsH
Don't change mouth o🤣🤣 Ipob have been lying that the British Govt borrowed Ojukwu's Rolls Royce to chauffeur the Queen around the country. Now, you're saying it was only in the eastern region 🤣. For your information, even his own son, Odumegwu Ojukwu was not sure the Queen rode in his father's car, he was never aware of it at anytime.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by MemphitzDgreat1(m):
kedeojo:
Reno is just too articulate. Look at facts but sad and bitter people will still say otherwise without countering him with fact. Tinubu should make Reno a special advicer and possibly minister of information in his second term if he wins which is likely anyway. We need to be hearing history not fake lies they try to feed us but unfortunately some person has been cajoled with it.
Reno was also truthful in this piece he wrote 3 - 4 years ago too

Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by 5starMan: 7:58am On Sep 08, 2025
Facts with many "May_be".
Maybe this Maybe that...
All these when you hate a tribe and you have no work to do.
Igbos existed long before Reno,Igbos will exist after him,so let him go die with hatred,it's non of our business cos he's a hungry man.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by madridguy(m): 8:00am On Sep 08, 2025
Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria And The Queen Never Rode In His Car.


Historically, wealth in the area now known as Nigeria usually comes from the desert or the water. Caravans brought goods for trading via the desert, and ships brought commodities for commerce through the ports. That is why, in the foreseeable future, Lagos, Kano, and the coastal South-South will be the wealthiest places in Nigeria and produce the most affluent people.
grin grin grin
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by Jaymats: 8:00am On Sep 08, 2025
What made him the richest man? Look, Remo pls ignore my people when lousiness, chest beaten and arrogancy too much these are the disgusting blatant lies you will be hearing.

Even a child that was born in 2021 will come to Nairaland to tell you what happened in Nigeria during Azikwe presidency, what happened during Biafra war even his father was not born then.

And Reno just remember everybody is a billionaire from that side in as far you can managed to buy Toyota Siena 2005, build a bungalow with pillar in the front then paint the house and if you want to kills it all by December or Easter period just managed buy two bags of rice and tell those villagers to line up and be collecting 3 cups each I swear you are a Billionaire, yet the list of World billionaire coming out time to time yet none from SE, yet the list of Africa billionaire coming out everytime yet none from SE funny enough they will litres the social media and be calling even a bloody carpenter that is making coffin a billionaire.

Biko Reno rest abeg. I'm sick of them already...
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by zero8zero(m): 8:00am On Sep 08, 2025
F117nighthawk:
Jobless guy,this one na him problem?the man that is dead and long gone, instead of him to look for better things to do with his time and life,na person we don die,live well during his time he dey chase him history.
A Lai ni ṣe se.
So, how about those using the name of the man that's dead & gone to lie?. They don't know the man is dead & gone?. You're now preaching your hypocritical sermon to Reno who's bursting the lies and setting the records straight.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by MemphitzDgreat1(m): 8:00am On Sep 08, 2025
DukeofLAGOS:
Baba his statement was all about ethnic supremacy, automatically ETHNIC DIVISION,which is criminal under d laws ,he(reno) is neither of the major ethnic groups igbo Yoruba or hausa,but subtly throws jabbs on d igbo ethnic group to fend their anger against the innocent Yorubas tribe......
D idea behind this is division,it's a hatchet and paid job I can tell u with personal evidence
Such manipulations keep getting into minds of shallow individuals who think their brothers of the other ethnic divide is their enemy which is far from d truth.
The real enemy is d leadership which has all d criminal ethnic group come together to loot d country mindlessly....then pays their e.worrriors to spread hate they are so many on NAIRALAND even as moderators..nothing last forever
Please, Seun Osewa should come and read this. He's the one that keep enabling these APC e-warriors. I go screenshot this post because I know he will delete it.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by 5starMan: 8:02am On Sep 08, 2025
kedeojo:
Na Twitter and Facebook go plenty pass. Igbos have told alot of lies. I keep wandering were are ojukwu properties cos the ones at Apapa which is arguably the biggest he had is not upto to ten buildings but they will tell you, he owns most properties in Apapa. Area that I knows very well. This people lies for a living. He may not even have a roll royce.
You knows...Chai Igbos, the British did us so wrong by merging us with backwater tribes...chai
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by Smartcitizen: 8:03am On Sep 08, 2025
sreamsense:
Drug lord that your best biafra lawyers(that no dey loose case according to obidients) in Biafra land that Obi paraded could not win. You always like with emotion and it is better to always correct you before you cover truth with lies
This is Reno Omokri statements!

I feel he is just using all of you.


🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by Akaujaa(m): 8:04am On Sep 08, 2025
Reno is senseless. He lives in the now, forgetting the future. What he doesn't know is that the rubbish he vomits through his mouth can hurt not just him but his generation unborn. He thinks he talks for fun or for political gain, not knowing that what he says is capable of pulling down a nation.
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by Blackdisciple(m): 8:07am On Sep 08, 2025
So who's arguing about that with you...
Baba tinubu pls give this man an appointment so that he can relax and remain silence pls
Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by nedekid:
Hangon, the queen rode on the emirs rolls Royce when she visited northern nigeria. That was a 2 door rolls.
It is on record she visited eastern Nigerian during the same period and while she was in enugu she also rode in a rolls Royce, this time a 4 door sedan. Did the emir remove two doors from his rolls Royce and then drove it down to kano for the queens use?

https://www.youtube.com/watch?v=RJETKe4xYes?si=bxLV77j72xtple8v

Re: Sir Louis Odumegwu Ojukwu Was Never The Richest Man In Nigeria - Reno Omokri by Mitkelz(m): 8:09am On Sep 08, 2025
muhammaduyusufu:
Can you post proofs that Reno was paid by President Tinubu?
Can you show us proof that he is not paid ?
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