21 Nov 2015

10 Richest Persons In Nigeria.

1. Aliko Dangote.

Net Worth: $ 3.5 Billion
Rank In Nigeria: # 1
Rank In Africa:# 1
Business: Cement, Flour, Sugar etc.

Alhaji Aliko Dangote, MFR, GCON was born April 10, 1957, at
 Kano State, Nigeria. He is the Chairman and Chief Executive Officer of  Dangote Group, a company that has branches in Nigeria and many other African Countries. Dangote had his business studies at Al-Azhar University, Cairo, Egypt. Thereafter, he came back to Nigeria to practice what he has studied.

Aliko Dangote's business venture started right from when he was in primary school, he would go and buy cartons of sweet (sugar boxes) and sell in order to
make money. After his business studies at  Al-Azhar, he came back to Nigeria, and took a loan of Five Hundred Thousand Naira from his uncle, Sanusi Abdulkadir Dantata, to start a business, when he was only 21 years old.

In 1977, he established a small trading store. The business traded successfully and metamorphosed into what is today known as Dangote Group, a company that has noticeable presence in Benin Republic, Ghana, Nigeria and Togo.
Forbes Magazine ranked Aliko Dangote as the 23rd richest person in the world and the richest man in Africa. He is richer than Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi in 2013 by over $2.6 billion, which fact made him the richest black man in the world.

On November 14,  2011, The Federal government of Nigeria, honored Dangote  with its second highest honour, Grand Commander of the Order of the Niger (GCON) .
During the out-break of Ebola virus in Nigeria, Aliko Dangote donated the sum of  One Hundred and Fifty Million Naira (US$1 million) to stop the spread of ebola in Nigeria.
Aliko Dangote has four children, Zainab, Halima, Fatima and Salma.

2. Mike Adenuga.

Net Worth: $ 3.5 Billion.
Rank In Nigeria: # 2
Rank In Africa: # 7
Business: Oil, Telecom.
Micheal Adeniyi Agbolade Ishola Adenuga popularly called Mike Adenuga was born on born April 29, 1953 in Ibadan, Nigeria. He is the son of a teacher, Micheal Agbolade Adenuga and a business
woman, Juliana Oyindamola Adenuga.

Mike Adenuga's Education:
Mike attended Ibadan Grammar School, Ibadan. Much later, he attended Northeastern Oklahoma State University and Pace University, New York where he obtained his degrees in Business Administration.

Mike Adenuga's Career
When Mike Adenuga returned from studies in the United States, he started trading on Lace and Coca-cola. Along the line, he started winning government’s contracts during the military regime. Later, he invested in the telecommunication and oil production industries. His company, Consolidated Oil Limited, was granted license to drill oil in Nigeria in the year. He acquired the staggering National Oil and transformed it, and later, it was renamed Conoil Producing. He is the founder of Globacom, a telecommunication company that is the Nigeria’s second-largest in the industry. In the year 1999 he was granted license to deal in GSM in Nigeria. In 2008, Globacom extended its tentacles to Republic of Benin and then to  Ghana and Cote d’Ivoire. Mike Adenuga also has a sizable stake in Equitorial Trust Bank, one of the front line banks in Nigeria.

Where is Mike Adenuga now?
According to Forbes 2014, Mike is the Nigeria's second richest man, and one of the Africa’s richest men. Mike Adenuga  was honored by the Federal Government of Nigeria with the National Awards of the Officer of the Order of the Niger (OON) and Commander of the Order of the Niger (CON).

3. Folorunsho Alakija.

Net Worth: 1.7 Billion.
Rank In Nigeria: # 3.
Rank In Africa: # 13.
Business: Oil, etc.

Folurunsho Alakija was born in 1951 to Chief L.A. Ogbara of Ikorodu, Lagos State.
Folurunsho Alakija started started her four years primary education in the United Kingdom, precisely
at Dinorben School for girls Hafodunos Hall in Llangernyw, Wales. When she returned to Nigeria, she continued with Muslim High School, Sagamu Ogun State. After her early education, Folorunsho Alakija returned to United Kingdom, where she studied secretarial studies at Pitman’s Central School of Fashon. Afterwards she learnt fashion design at the American College, London and the Central School of Fashion.

Folorunsho's Career.
Folorunsho Alakija became an executive secretary at Sijuade Enterprises, Lagos, in 1974. When she left the enterprise, she joined Bank of Chicago, where she worked for some years before established her own tailoring company known as Supreme Stitches. Folorunsho Alakija floated a company called Famfa Limited and in May 1993, the companied was allocated an oil prospecting license (OPL) to explore oil on a 617,000-acre block (OPL 216) located in approximately 220 miles south east of Lagos and 70 miles offshore of Nigeria in the Agbami
Field of the central Niger Delta. Folorunsho Alakija is the group managing director of Rose of Sharon Prints & Promotions Limited and Digital Realities Limited.

Where is Folorunsho Alakija now.
In the year 2014 Forunsho Alakija was listed as the 96th most powerful woman in the world and ranked by Forbes as the richest black woman in the world, replacing Oprah Winfrey.

4. Femi Otedola.

Net Worth: $1.6 Billion
Rank in Nigeria: # 4.
Rank in Africa: # 16.
Business: Gas Stations.

Femi Otedola, the son of Sir Michael Otedola, the former governor of Lagos State, was born in the year 1967 at Epe, Lagos State of Nigeria. He is married to Femi Otedola and they have four children,
including the British DJ and socialite, Florence “Cuppy” Otedola.

Femi Otedola is the founder and Chief Executive Officer of Forte Oil Plc. He is also the President and Chief Executive Officer of Zenon Petroleum and Gas limited. This company supplies most Nigerian powerful companies the fuel they use to power their companies including Cadbury Nigeria Plc., Coca Cola, Dangote Group, Nigerian Breweries, MTN, Unilever, Nestle, Guinness Nigeria Plc etc.

Otedola is also the  founder of Atlas Shipping Agency, Swift Insurance, FO Properties Limited, FO Transport and Seaforce Shipping Company Ltd.

In 2014, Femi Otedola was listed by Forbes as the number 29th richest man in Africa while this year 2015, he ranks number 16 in Africa.

5. Abdulsamad Rabiu.

Net Worth: $ 1 Billion.
Rank in Nigeria: # 5.
Rank in Africa: # 23
Business: Cement, Flour, Sugar.
AbdulSamad Isyaku Rabiu the son of Khalifah Isyaku Rabio was born on August 4, 1960 in Kano, Kano State Nigeria.

Abdulsamad Rabiu attended Capital University in Columbus, Ohio. After his formal education,
Abdulsamad returned to Nigeria to take care of his family’s business.

In the year 1988, Abdulsamad Rabiu floated BUA International Limited for commodity trading in rice, edible oil, flour, iron and steel. BUA later acquired Nigerian Oil Mills Limited, which is the largest edible oil processing company in Nigeria. In the year 2005, BUA established 2 flour milling plants in Lagos and Kano. In the year 2008, BUA’s sugar refinery was commissioned. The refinery later became the second largest sugar refinery in sub-saharan Africa. In the year 2009, BUA acquired a controlling stake in the Cement Company of Northern Nigeria.

Abdulsamad Rabiu’s BUA Group,  is a conglomerate that is very active in flour milling, pasta manufacturing, ports and terminals management and sugar refining.

Abdulsamad Rabiu was in the year 2015, listed as the number 23rd richest man in Africa.

6. Theophilus Danjuma.

Net Worth: $ 750 Million.
Rank In Nigeria: # 6.
Rank In Africa: # 30.
Business: Oil.

Theophilus Danjuma the son of Kuru Danjuma and Rufkatu Asibi was born in Takum, Taraba State (formally Gongola State), Nigeria.

Theophilus Danjuma’s earliest education was at St Bartholomew's Primary School Wusasa, from
where he moved to Benue Provincial Secondary School in Katsina-Ala, where he also obtained his Higher School Certificate in 1958. In 1959 Theophilus Danjuma got enrolled into the Nigerian College of Arts Science and Technology in Zaria ( now Ahmadu Bello University). Danjuma later left the school and joined the Nigerian Army by the end of 1960.

Theophilus Danjuma's Military career.
Theophilus Danjuma became a lieutenant in the Nigerian Army and was elevated to the rank of a Captian when he joined a UN Peace-keeping force in Sante, Kataga Province of Congo. In the year 1966, he was associated with Counter Coup.

During the Nigeria’s civil war, Theophilus Danjuma led a battalion that freed Jaja Wachuku from detention by the Ojukwu government. In 1970 Danjuma represented Nigeria in the International Court Martial in Trinidad and Tobago. He was later appointed president of the tribunal in a case brought against members of a failed coup attempt. In 1971, he earned the rank of a Colonel. In 1975 he was promoted to the rank of Brigadier and the position of General Officer Commanding (GOC). In 1976, he became the Chief of Army Staff in the regime of the military Head of State Olusegun Obasanjo. In the year 1979, Theophilus Danjuma retired from the Nigerian army.

Theophilus Danjuma's Business career.
In the year 1979, Theophilus Danjuma formed a shipping company called Nigeria America Line (NAL). The company traded between Lagos and Santos in Brazil. NAL which started business with less than 13 staff now has well over 251 staff.

In the year 1984, Danjuma floated another company called COMET Shipping Agencies Nigeria Ltd., to act as agent for NAL. Today, COMET is notable for its vast experience in handling many types of vessels and cargo.

In the year 1995, T.Y. Danjuma ventured into oil exploration and production and accordingly floated a company by name, South Atlantic Petroleum Limited (SAPETRO) for that purpose. In 1998, the company was granted Oil Prospecting Licence (OPL) 246 by the The ministry of Petroleum Resources. The licence covers a total area of 2,590km2 (1,000 sq. miles). SAPETRO partnered with two other companies, Total Upstream Nigeria Ltd (TUPNI) and Brasoil Oil Services Company Nigeria Ltd (Petrobras) to start prospecting on OPL246.

Theophilus Danjuma’s SAPETRO, an upstream oil and gas exploration and production company owns a 15% stake in the Akpo deepwater oil field alongside operator Total and China's CNOOC. Theophilus Danjuma also has a stake in Notore Chemical Industries, a manufacturer of urea fertilizer.

Where Theophilus Danjuma is today.
As of November 2014, Theophilus Danjuma was worth 1.1 billion  dollars and is the Africa's number 22nd richest man according to Forbes.

7. Tony Elumelu.

Net Worth: $ 700 Million.
Rank In Nigeria: # 7.
Rank In Africa: # 31
Business: Banking.

Tony Elumelu was born in the year 1963 at Jos, Plateau State of Nigeria. He is an Igbo man by tribe, and a native of Anioma in Delta State, Nigeria.

Tony Elumelu studied Economics in Ambrose Alli University. After his first degree in economics, he proceeded to the University of Lagos, where he obtained his Masters Degree. He also did Advanced Management Program in Harvard Business School.

Tony Elumelu's Career
Tony Elumelu became very popular in the year 2007, when at just 34 years of age, he acquired and transformed Standard Trust Bank into one of the top banks in Nigeria within a very short time. In the year 2005, he merged the bank with United Bank for Africa (UBA), and transformed same into a multi-national bank that now operate in over 18 African countries with more than six million customers. Tony Elumelu founded the popular Heirs Holdings, a company that invests in agricultural businesses, energy, financial services, hospitality and real estate. In the year 2011, Heirs Holdings invested in the Transnational Corporation of Nigeria Plc (Transcorp), where it acquired a controlling interest. Tony then became the chairman of Transcorp.

According to Forbes,  Tony Elumelu, is one of Africa's most revered business leaders, and a corporate turnaround artist. In the year 2014, Forbes listed Tony as one of the 50 Africa's richest men.

8. Jim Ovia.

Net Worth: $ 500 Million.
Rank In Nigeria: # 8.
Rank In Africa: # 37.
Business:  Banking.

Jim Ovia was born on November 5, 1951, at Agbor in the Delta State of Nigeria.

Jim Ovia attended Southern University Louisiana, where he obtained a B.Sc in Business
Administration in the year 1977. Later he proceeded to the North East Louisiana University, where he obtained a Masters Degree in Business Administration in 1979. He also did an Executive Management Program in the Harvard Business School.

Jim Ovia is the founder of Zenith Bank Group, a bank he is the largest individual shareholder with about 9.3% stake. He is also an investor in real estate across Nigeria. His other assets include Visafone, a mobile telecommunication outfit.

In August 2014, Jim Ovia commenced the construction of $1.5 billion petrochemical complex in Akwa-Ibom State Nigeria.

Forbes listed Jim Ovia as the 37th richest man in Africa in the year 2015.

9. Mohammed Indimi.

Net Worth: 500 Million.
Rank in Nigeria:  #  9.
Rank In Africa: # 39.
Business: Oil.

Mohammed Indimi is an in-law of former president Ibrahim Badamosi Babangida.

Mohammed Indimi is the founder and chairman of Oriental Energy Resources, Limited. This
company has interest in the oil sector, especially in the Nigerian Upstream Oil and Gas sector. Mohammed Indimi founded his company in 1990 and has expanded the company’s portfolio that it now has assets in Offshore Nigeria. These assets include the Ebok Field (OML 67), Okwok Field (OML 67, and OML 115).

In the year 2015, Forbes listed Mohammed Indimi as the Africa's number 39th richest man.

10. Orji Uzor Kalu.

Net Worth: $ 330 Million
Rank In Nigeria: # 10.
Rank In Africa:  # 49.
Business: Diversified

Orji Uzo Kalu was born on April 21, 1960.

He attended Christ the King School Aba and Government College, Umuahia. Orji Uzo Kalu also attended  Barewa College, Zaria, from where he got admission into the University of Maiduguri
where he studied political science. He later left the University to study at and obtained his degree in Abia State University. He also has a degree in Business Administration, which he obtained from Harvard University. University of Maiduguri later honored him with a doctorate degree.
Orji Uzor Kalu's Educational Background
Orji Uzo Kalu, after his university education, borrowed $35 from his mother with which he started trading in palm oil. He would buy the oil in the Eastern Nigeria and travel all the way to the North to sell them and make reasonable profit. He later started trading on furniture which he would buy and resell for some profits. Later, Orji Uzor Kalu founded a company called SLOK Holdings, a conglomerate that consists of other companies he had founded like International Bank Limited, Adamawa Publishers Limited, Ojialex Furniture Company, Supreme Oil Limited, SLOK Airline, SLOK  Botswana, Cotonou, Ghana, Guinea, Liberia, South Africa, SLOK Korea, SLOK Nigeria Limited, SLOK United States Incorporated, SLOK United Kingdom Limited, SLOK Vegetable Oil, Aba, SLOK Paper Factory, Aba, Sun Publishing Limited etc.

Putting all he has accomplished into consideration, especially their benefits to the Nigerian economy, Orji Uzor Kalu was honored with the National Merit Award by President Ibrahim Babangida, at the age of 26 in the year 1986, making him the youngest Nigerian to receive such Award.

Orji Uzo Kalu later ventured into politics and became the governor of Abia Sate of Nigeria.

Where Orji Uzo Kalu is now.
In the year 2014, Forbes listed Orji Uzor Kalu as the 26th richest man in Africa is he was worth One Billion Dollars.

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