Nigerian multimillionaire businessman Kola
Aluko
Source: Oil, Aviation services
Kola Aluko, a Nigerian energy and aviation
tycoon, founded oil trading firm Fossil
Resources in 2001, then went on to become
CEO of Exoro Energy- an indigenous oil
exploration and production firm. In 2007,
the company merged with Seven Energy, a
leading independent oil exploration
company. Aluko is now Deputy CEO and a
leading shareholder of Seven Energy,
which has operations and key interests in
four onshore fields in the Niger Delta. Aluko
is also a member of the advisory board of
Vista Jet, a Swiss-based private jet charter
company founded by Thomas Flohr. A
passionate car racing enthusiast, Aluko has
competed in major European races with the
Swiss team Kessel racing. In June 2012,
Kola Aluko was reported to have purchased
two luxury ultra-modern estates in Beverly
Hills for $40 million . EDITOR’S NOTE: An
earlier reference to alleged business ties
between Kola Aluko and Nigeria‘s Minister
of Petroleum Resources have been deleted
after both parties denied having any business
ties with one another.
Eddy Martins Egwuenu
Source: Banking
A former bank chief, Egwuenu is the second
largest individual shareholder of the Zenith
Bank Group. His 1.5% stake in Zenith Bank
alone is worth about $60 million.
Jide Omokore
Source: Steel, Oil, Dredging
Omokore is the chairman and founder of
Energy Resources Group, one of Nigeria’s
largest privately-held conglomerates. ERG
has interests in oil trading and exploration,
haulage services, steel, dredging
engineering and property development.
The group’s annual revenue exceeds $400
million.
ABC Orjiakor
Source: Oil
The trained orthopedic and trauma
surgeon might have thrived due to his
formidable connections with Nigerian
military bigwigs such as former President
Ibrahim Babangida, but ABC Orjiakor is a
successful businessman on all parameters.
One of Nigeria’s wealthiest men, Orjiakor is
the Chairman and CEO of Shebah E&P
Company Limited, an oil exploration firm
which has a 40% stake in the offshore block
OML 108 which produces over 8,000 barrels
per day. Orjiakor is also chairman of Zebbra
Energy Limited which owns the deepwater
concession OPL 248 offshore Nigeria.
Sam Iwuajoku
Source: Commodities, Aviation services
Iwuajoku made his fortune importing rice
and steel rods, while leveraging his
extensive political connections to obtain a
series of generous import duty waivers
from the Nigerian government. Among
other ventures, he reinvested in private
aviation services. His company, Quits
Aviation services is one of the few fixed-
base operators in the country. Quits
Aviation Services owns a large maintenance
hangar at the Murtala Muhammed
International airport in Lagos and a jet
charter service.
Gbenga Oyebode
Source: Law, Investments
One of Nigeria’s most renowned
commercial lawyers, Gbenga Aluko is a
founder and Managing Partner of Aluko &
Oyebode- a successful corporate and
commercial law firm in Nigeria. He owns a
minority shareholding in MTN Nigeria, and
sits on the company’s board. Oyebode also
serves as chairman of Access Bank PLC,
Okomu Oil and Crusade Insurance. The
value of his shareholdings in these
companies is worth tens of millions of
dollars.
Arthur Eze
Source: Oil
The Nigerian oilman sits atop Atlas Oranto
Petroleum, a West African exploration
company which owns several producing
and non-producing oil and gas assets across
Nigeria, Liberia, Equatorial Guinea and the
Gambia. In 2010, Oranto Atlas sold off a set
of oil blocks in Liberia for $250 million. Eze
pocketed $200 million from the sale.
Aderemi Makanjuola
Source: Offshore support services
The reclusive tycoon is the founder and
Executive chairman of the Caverton
Offshore Support Group, Africa’s first
integrated offshore support service
provider. The company provides marine,
aviation and logistics support services to oil
exploration and production firms based in
West Africa. Some of its clients include
Cameroon Oil Transportation Company
(COTCO) and Shell Petroleum Development
Company (SPDC). Caverton Helicopters- a
subsidiary of the group owns a 10,000
square meter flight facility at the Murtala
Muhammad International airport in Lagos,
a 9,000 square-meter facility in Port
Harcourt and a heliport in the elitist
Victoria Island in Lagos.
Dele Fajemirokun
Source: Diversified
His father, Henry Fajemirokun, was a
renowned shipping magnate and one of
Africa’s most successful businessmen after
Nigeria’s independence. Nigerian Maritime
Services Limited, the shipping company he
founded in 1962, is still one of the largest
shipping companies in Nigeria today. Dele
Fajemirokun, his 62 year-old son is now in
charge. A prominent boardroom guru,
Fajemirokun also owns key stakes and sits
on the board of several Nigerian blue-chips
including American International Insurance
company and oil explorer First
Hydrocarbon Nigeria Limited.
Michael Ade-Ojo
Source: Car distribution
Michael Ade-Ojo is the biggest seller of
Toyota vehicles in West Africa. His Elizade
Group accounts for over 10% of all Toyota
sales in Nigeria. He is also chairman of
Toyota Nigeria and is a key shareholder of
RT Briscoe PLC, an NSE-listed distributor of
Toyota cars in Nigeria.
Aluko
Source: Oil, Aviation services
Kola Aluko, a Nigerian energy and aviation
tycoon, founded oil trading firm Fossil
Resources in 2001, then went on to become
CEO of Exoro Energy- an indigenous oil
exploration and production firm. In 2007,
the company merged with Seven Energy, a
leading independent oil exploration
company. Aluko is now Deputy CEO and a
leading shareholder of Seven Energy,
which has operations and key interests in
four onshore fields in the Niger Delta. Aluko
is also a member of the advisory board of
Vista Jet, a Swiss-based private jet charter
company founded by Thomas Flohr. A
passionate car racing enthusiast, Aluko has
competed in major European races with the
Swiss team Kessel racing. In June 2012,
Kola Aluko was reported to have purchased
two luxury ultra-modern estates in Beverly
Hills for $40 million . EDITOR’S NOTE: An
earlier reference to alleged business ties
between Kola Aluko and Nigeria‘s Minister
of Petroleum Resources have been deleted
after both parties denied having any business
ties with one another.
Eddy Martins Egwuenu
Source: Banking
A former bank chief, Egwuenu is the second
largest individual shareholder of the Zenith
Bank Group. His 1.5% stake in Zenith Bank
alone is worth about $60 million.
Jide Omokore
Source: Steel, Oil, Dredging
Omokore is the chairman and founder of
Energy Resources Group, one of Nigeria’s
largest privately-held conglomerates. ERG
has interests in oil trading and exploration,
haulage services, steel, dredging
engineering and property development.
The group’s annual revenue exceeds $400
million.
ABC Orjiakor
Source: Oil
The trained orthopedic and trauma
surgeon might have thrived due to his
formidable connections with Nigerian
military bigwigs such as former President
Ibrahim Babangida, but ABC Orjiakor is a
successful businessman on all parameters.
One of Nigeria’s wealthiest men, Orjiakor is
the Chairman and CEO of Shebah E&P
Company Limited, an oil exploration firm
which has a 40% stake in the offshore block
OML 108 which produces over 8,000 barrels
per day. Orjiakor is also chairman of Zebbra
Energy Limited which owns the deepwater
concession OPL 248 offshore Nigeria.
Sam Iwuajoku
Source: Commodities, Aviation services
Iwuajoku made his fortune importing rice
and steel rods, while leveraging his
extensive political connections to obtain a
series of generous import duty waivers
from the Nigerian government. Among
other ventures, he reinvested in private
aviation services. His company, Quits
Aviation services is one of the few fixed-
base operators in the country. Quits
Aviation Services owns a large maintenance
hangar at the Murtala Muhammed
International airport in Lagos and a jet
charter service.
Gbenga Oyebode
Source: Law, Investments
One of Nigeria’s most renowned
commercial lawyers, Gbenga Aluko is a
founder and Managing Partner of Aluko &
Oyebode- a successful corporate and
commercial law firm in Nigeria. He owns a
minority shareholding in MTN Nigeria, and
sits on the company’s board. Oyebode also
serves as chairman of Access Bank PLC,
Okomu Oil and Crusade Insurance. The
value of his shareholdings in these
companies is worth tens of millions of
dollars.
Arthur Eze
Source: Oil
The Nigerian oilman sits atop Atlas Oranto
Petroleum, a West African exploration
company which owns several producing
and non-producing oil and gas assets across
Nigeria, Liberia, Equatorial Guinea and the
Gambia. In 2010, Oranto Atlas sold off a set
of oil blocks in Liberia for $250 million. Eze
pocketed $200 million from the sale.
Aderemi Makanjuola
Source: Offshore support services
The reclusive tycoon is the founder and
Executive chairman of the Caverton
Offshore Support Group, Africa’s first
integrated offshore support service
provider. The company provides marine,
aviation and logistics support services to oil
exploration and production firms based in
West Africa. Some of its clients include
Cameroon Oil Transportation Company
(COTCO) and Shell Petroleum Development
Company (SPDC). Caverton Helicopters- a
subsidiary of the group owns a 10,000
square meter flight facility at the Murtala
Muhammad International airport in Lagos,
a 9,000 square-meter facility in Port
Harcourt and a heliport in the elitist
Victoria Island in Lagos.
Dele Fajemirokun
Source: Diversified
His father, Henry Fajemirokun, was a
renowned shipping magnate and one of
Africa’s most successful businessmen after
Nigeria’s independence. Nigerian Maritime
Services Limited, the shipping company he
founded in 1962, is still one of the largest
shipping companies in Nigeria today. Dele
Fajemirokun, his 62 year-old son is now in
charge. A prominent boardroom guru,
Fajemirokun also owns key stakes and sits
on the board of several Nigerian blue-chips
including American International Insurance
company and oil explorer First
Hydrocarbon Nigeria Limited.
Michael Ade-Ojo
Source: Car distribution
Michael Ade-Ojo is the biggest seller of
Toyota vehicles in West Africa. His Elizade
Group accounts for over 10% of all Toyota
sales in Nigeria. He is also chairman of
Toyota Nigeria and is a key shareholder of
RT Briscoe PLC, an NSE-listed distributor of
Toyota cars in Nigeria.
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