Bebe Akinboade

TOP 20 RICHEST NIGERIAN BILLIONAIRES

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Aliko Dangote
Very few Nigerians have made the
Forbes list of richest people in the world the reason been that Forbes
estimates the wealth of individuals and rank them based on the value of shares they have in quoted companies
(companies listed on the stock exchange).
The list of top 20 Richest
Nigerian billionaires has been based on:
The value of their shares held in quoted companies,
the size and market share of their companies, the number of companies they own
and its assumed value, the market value of their company’s brand and the impact
of their companies on the Nigerian economy.
Despite the harsh terrain and business challenges
involved with starting a business in Nigeria; the successful entrepreneurs listed below held their
ground and fought their way to the top.
In a country with a population of over 160 million
inhabitants and millions of businesses; these 20 entrepreneurs diligently
carved their names in the sands of time.
In this report,
bebeakinboade.com brings to you the top 20 richest Nigerian billionaires.
ALHAJI ALIKO DANGOTE
Alhaji Aliko Dangote, founder of Dangote Group, which
he currently presides over as President and Chief Executive, is the richest man in Africa
and Richest black man in the world
Dangote is a graduate of Business Studies from the Al-Azahar
University, Cairo,
Egypt. He started
business in 1978 trading in rice, sugar and cement, before he ventured into
full-scale manufacturing.
MIKE ADENUGA
Mike Adenuga, the chairman of Globacom, Conoil and
Equatorial Trust Bank is the second richest man in Nigeria.
Mike Adenuga
Mike Adenuga is certainly no kid in the block as far as entrepreneurial
acumen is concerned. He had attracted national identity as far back as 1991 when
his Consolidated Oil Limited struck oil in commercial quantity. He is reputed
to have distinguished himself in the business of importation at the young age
of 22.And ever since, Dr Mike Adenuga has bestrode the world of modern business
like a colossus.

FEMI OTEDOLA

Femi Otedola, son of former Lagos
State governor, Sir Michael
Otedola, is the CEO of African Petroleum Plc. He is the billionaire owner of
multi-billion naira indigenous oil giant Zenon. Zenon Nigerian President Chief
Executive officer of Zenon Petroleum and Gas limited. Zenon is the dominant
force in diesel business among oil marketing concerns. It supplies this all
important fuel used to power the generating sets of most Nigerian industries to
nearly all the major manufacturing firms in the country. These include Dangote
Group, Cadbury, Coca Cola, Nigerian Breweries, MTN, Unilever, Nestle, Guinness
among others.
Femi Otedola
Apart from being the biggest diesel and kerosene marketer in
Nigeria today,
he is said to be the biggest ship owner in the country. He is also the owner of
Atlas Shipping Agency, Swift Insurance, FO Properties Limited, FO Transport and
Seaforce Shipping Company Ltd.

ORJI UZOR KALU
Orji Uzor Kalu
Orji Uzor Kalu is the chairman of Slok Group. He was the
governor of Abia State, Nigeria
from May 29, 1999 to 29 May
29, 2007. Prior to his election as governor he was Chairman of the Borno Water
Board and of the Cooperative and Commerce Bank Limited.
COSMAS MADUKA
Cosmas Maduka
Dr. Cosmas Maduka is an industrialist and philanthropist of
great repute and has contributed immensely towards the growth and development
of the nation. Serves as the President and Chairman of Coscharis Group and sole
distributor for BMW in Nigeria   . Dr. Maduka is an icon of sports with
contributions spanning into millions of Naira. Dr. Maduka served as Director of
Access Bank Plc (formerly, Access Bank Nigeria)
since 2001 until January 27, 2013.
He also serves as President of the Nigerian Table Tennis Federation and is the
Vice President of the Nigeria-Japan Association. He is also a Trustee of Human
Development fund of The United Nations Development Program
JIMOH IBRAHIM
Jimoh Ibrahim is a lawyer, politician, businessman,
entrepreneur, industrialist and philanthropist in Nigeria. He is the current Group Chairman and Group Chief
Executive Officer of Global Fleet Group, a diversified conglomerate, based in Nigeria, with business interests and subsidiary in neighboring
West African countries.
Jimoh Ibrahim
His investments include the
following sectors, among others; oil & gas distribution, hotels, resorts,
airlines, banking, real estate, insurance, publishing and investments.
JIM OVIA
Mr. Jim Ovia, MFR is the Co-Founder of Zenith Bank plc and served as its Group
Managing Director and Chief Executive Officer from 1990 to July 10, 2010. Mr. Ovia is Promoter and Founder
of Visafone Communications Limited. He is the Proprietor of the University
of Information and Communication
Technology, Agbor, Delta State.
He serves as the Pioneer President of Nigeria Internet group (NIG). He has over
23 years of Bank experience.
PASCAL DOZIE
Pascal Dozie is a Co-Founder and Partner at African Capital
Alliance. He is the Founder of Kunoch Limited. He combines experience as a
development economist and econometrician with project management in Africa
and Europe. He has experience in project finance and the
Nigerian Capital Markets. He was the Founder of Diamond Bank PLC and served as
the Chief Executive Officer of the bank until December 31, 2006. He served as the President at the
Nigeria Stock Exchange. He served as the President of OON. He serves as a
Member of Advisory Board at Kaizen Venture Partners. Mr. Dozie serves as the
Chairman of MTN Nigeria Communications Ltd. and the Co- Chairman of the
Commonwealth Business Council board. He serves as the Chairman of Kunoch
Limited; ADIC Insurance Limited; Aluminium Extrusion Industries Plc.He served
as the Chairman of Nigerian Economic Summit Group and served on the Lagos
Business School Advisory Board. He serves as a Non Executive Director of Gulf
of Guinea Energy Limited. He serves as a Council Member of The Nigerian Stock
Exchange. Mr. Dozie served as a Director of the Central Bank of Nigeria.
He was Economic Adviser for Niger State Government.
OBA OTUDEKO
Dr. Oba Otudeko, CFR is an astute and highly successful
Nigerian investor and entrepreneur whose domestic and foreign interests cut
across diverse sectors of the economy. Professionally, he is a Chartered
Banker, Chartered Corporate Secretary and a Chartered Accountant.
Dr. Oba Otudeko is currently Chairman Honeywell Group,
Airtel Nigeria
and Fan Milk of Nigeria Plc. Dr. Otudeko retired as the Chairman of First Bank
of Nigeria Plc after 12 meritorious years on the Board of the Bank. He also
served on several Boards including the Boards of Central Bank of Nigeria,
Guinness Nigeria Plc and Ecobank Transnational Incorporated (ETI). Between
September 2006 and August 2009, he was the 16th President and Chairman of
Council of the Nigerian Stock Exchange.
ALHAJI SAYYU DANTATA
Alhaji Sayyu Dantata is a mechanical engineer by training
having attended the Morris Brown College,
Atlanta, Georgia,
USA. Prior to
founding MRS in 1995, Alhaji
Dantata was the Director of Dangote Transport
(Dangote Group), Lagos, Nigeria.
His venture into the Oil and Gas industry in 1993 resulted in the establishment
of the MRS Group in 1995.
He is currently the chairman of MRS
Group of Companies, Ovlas Trading SA, Ovlas Services Geneva and Corlay
Global SA, leveraging on over 17 years of experience in the downstream
petroleum industry in Nigeria.
UMARU ABDUL MUTALLAB
Umaru Abdul Mutallab  is a prominent business leader and
former minister of the Federal Republic of Nigeria. He is a chartered
accountant and banker and former Executive Vice Chairman and Managing Director
of United Bank for Africa (UBA) – the third largest bank in Nigeria
and an affiliate of BNP Paribas. He just retired as Chairman of First Bank of
Nigeria Plc, the oldest and biggest bank in Nigeria.
He is a holder of one of the highest national awards in Nigeria
– Commander of the Order of the Niger (CON).
PRINCE SAMUEL ADEDOYIN
Prince
Samuel Adedoyin often referred to as the doyen of commerce and one of the
richest men in Nigeria, Prince Samuel Adedoyin sits atop a conglomerate of
indigenous groups of companies.
This Kwara State born industrial mogul and
Chairman of Doyin Group b
elongs to the old generation of
billionaires whose affluence and influence can still give today’s billionaires
a run for their money.

Today, his business empire spans foods, beverages, transportation,
automobile, farming, real estate and hospitality business. He is a
philanthropist, diligent and dynamic businessman who combines these rare
qualities that differentiate him from his peers.

DELE FAJEMIROKUN
Chief Dele Fajemirokun is an astute businessman and Chairman of over 50
organizations including American International Insurance Company (AIICO) Plc,
Xerox HS, Food Concepts and Entertainment, Kings Guard Limited and Multishield
Limited. He has a BSc in Economics from the University
of Ife (now Obafemi
Awolowo University)
and an Honorary Doctor of Business Administration from the University of Los Angeles,
USA
CHIEF CLETUS IBETO
Dr.Cletus Madubugwu Ibeto is the Chairman and Chief Executive Officer of The
Ibeto Group. He is an acknowledged industrialist who has advanced the cause of
international goodwill and understanding through his extensive international
business undertakings.

Dr. Ibeto served as President, Nnewi Chamber of Commerce, Industry, Mines
and Agriculture from 1994 to 1998. In January 1997 the Anambra State Government
accorded him State Honour in recognition of his contributions towards the
development of the State.

In 2005 the Federal Government of Nigeria found him worthy to serve as
Chairman of Small and Medium Enterprises Development Agency of Nigeria
(SMEDAN).He is currently on the Board of many reputable institutions and organizations.

RAYMOND DOKPESI

High Chief. Dr. Raymond Anthony Aleogho Dokpesi, PhD, FCIT,
OFR, is a seasoned and an accomplished entrepreneur and investor who
understands the dynamics of private broadcasting business management.  serves as the Chairman and Director of Daar
Communications Plc. Dr. Dokpesi worked briefly with the Nigerian Ports
Authority as a Marine Officer Cadet in 1969 before proceeding to Poland for
further studies. He lectured in the University
of Gdnask, Poland
as Assistant Lecturer in Marine Transport Economics before returning to Nigeria.
Before venturing into private business, he worked with both
the Nigerian Ports Authority and the Federal Ministry of Transport in different
capacities. Dr. Dokpesi is a seasoned and an accomplished entrepreneur and
investor who understands the dynamics of private broadcasting business
management.
He is a fellow member of many professional organizations,
and a recipient of many prestigious awards
TONY EZENNA
Tony Ezenna is an epitome of hard work and doggedness.  An astute and well focused entrepreneur, he
has nurtured the Orange Drugs to an enviable height.
This amiable executive chairman of Orange Drugs Limited
has turned an erstwhile obscure pharmaceutical company into a respected outfit
which has acquired an imposing range, comparable only to that of the very
leaders in the industry.
Orange Drugs’ range of products include: Procold, Dankos
Mixagrip and Delta Soap.  This range of
products has continued to make appreciable impact as household names. 
CHIEF MOLADE OKOYA THOMAS
Ample in size and ample in achievement is a mild way of describing Chief Molade
Okoya-Thomas. Since December 1959 when he joined CFAO as an accountant, Molade
Okoya-Thomas has been a kind of ambassador for French companies in Nigeria
. Today, apart from being the chairman of the company, which is a major French
conglomerate, Okoya-Thomas is equally the chairman of six French-related
companies, including Transcap Nigeria Limited, Studio Press Nigeria Ltd. and
Cica Nigeria Ltd.
He is also on the board of five others, namely, Nigerian Motors Industries,
Nigeria-French Insurance Company; Commercial Bank (Credit Lynnoais); M’Billa
Farm and Franco-Nigeria Insurance Limited. Okoya-Thomas has also played
prominent roles in French-Nigeria associations.


IFEANYI UBAH

Ifeanyi Ubah, Chief Executive Officer/Managing Director of Capital Oil and
Gas Industries Limited, is an astute and accomplished businessman, and has been
actively involved in top flight international business ranging from oil and gas,
telecommunication, real estate and general merchandise for over two decades.

Ifeanyi Ubah, entered the downstream sub-sector of the
petroleum industry with a purpose to take over the leadership of the
industry.

Perhaps, the mentioning of Capital Oil today makes Major Oil Marketers to
shiver as a result of proactive and strategic steps he took diligently in
driving businesses previously thought are exclusively for the Majors with
foreign control.

LEO STAN EKEH
19. Leo Stan Ekeh – Zinox
Computer
Leo Stan Ekeh  is the chairperson of Zinox
Technologies Limited. In addition to Zinox, he has been involved with companies
Task Systems, Technology Distributions Limited, ICT Brokers, TD Plus, ICT
Connect and Buyright AFRICA Dotcom.
Mr. Ekeh through his company Task Systems Limited pioneered
Desktop Publishing and Computer Graphics in Nigeria.
Mr. Ekeh also pioneered IT Distribution in West
Africa through Technology Distributions Limited, TD, which has
emerged the Number 1 ICT distribution company in West Africa.
Leo Stan Ekeh has a record of incisive entrepreneurship and
his vision to Computerize Nigeria
has rewritten the history of Information Technology in the Third
World
FOLA ADEOLA
Fola Adeola is the Chairman of the Board of Directors of CardinalStone. He is a
member of several other boards, including those of Eterna Oil, UTC, and MainOne
Cable Company.
Mr. Adeola served as the Chairman of the Pension Reform Committee, which
designed and anchored Nigeria’s
New Pension Reform Bill in 2004. He subsequently served as the Chairman of the
National Pension Commission, the regulator in the Pension Industry from 2004 to
2006. He was also the Group Managing Director and Chief Executive Officer of
the Transnational Corporation of Nigeria Plc from 2005 to 2006.
Mr. Adeola is the founder of Guaranty Trust Bank Plc where he served the bank
as the pioneer Managing Director and Chief Executive Officer for 12 years.
Before founding the bank in 1990, Mr. Adeola served as the Deputy General
Manager & Divisional Head, Financial Services Division of Continental
Merchant Bank Limited from1986 to1990. He also served as a manager at NAL
Merchant Bank Plc from 1982 to1986. Prior to this experience, he served as a
senior auditor at D.O. Dafinone & Co.
Mr. Adeola is the founder and chairman of FATE Foundation, a charitable
foundation that promotes entrepreneurship among the youth in Nigeria.




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5 thoughts on “TOP 20 RICHEST NIGERIAN BILLIONAIRES

  1. W A OOOOH!!! These men have really worked so hard to be where they are today. It wasn't an easy road at all. Their hard-work, diligent, resilient and focus have inspired us abroad. This shows that you can become what GOD wants you to be irrespective of where you dwell. I really thank GOD for their lives and i will appreciate all of them to be philanthropists. I believe that GOD gives us power to earn wealth so when we are blessed by ALMIGHTY GOD, it is our duty to be a blessing to many others and not just only to our family members and close friends. In doing this kind of act we are pleasing our dear Heavenly Father who in turn will continue to strengthening and blessing you more and more. Shalom & love. Tess

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