Business Trends & Strategies, General

Secret Nigerian Billionaires Who Keep Their Wealth On A Lowkey (Photos)

images shadow

When the word Billionaire is mentioned in Nigeria, the names that comes to mind includes Otedola, Folorunsho Alakija and most popularly Dangote.

However there are some Nigerian extremely rich people you would not realize that keep things on a serene.

See the rundown underneath of some noiseless Nigerians you could very well not have known about.


1. Nicon Insurance, Global Fleet:
Jimoh Ibrahim is a lawyer, politician, businessman, and philanthropist in Nigeria. He is the chairman and chief executive officer of Global Fleet Group, a diversified conglomerate based in Nigeria, with business interests and subsidiaries in neighboring West African countries.

The account of can’t neglect to move anybody treading the way to end up successful in life.

Born to poor folks with around 17 other brothers and sisters on 24 February 1967, he turned into a tycoon when he was all the while considering law at the prestigious Obafemi Awolowo University (OAU) running workshops for Local governments on Taxation.

In 2002/2003 he challenged for the governorship position of Ondo State however lost and he went ahead to begin Global Fleet – a petroleum advertising organization.

Today he has developed to wind up one of Nigeria’s extremely rich people and his speculations incorporate the accompanying areas, among others:oil and gas distribution, hotels, resorts, airlines, banking, real estate, insurance, publishing and investments.

He conveys free lectures once every month at Excellence Hotel in Ogba, Lagos through City People on how Nigerians can make millions from any business.


elizade2. – Elizade Motors Nig LTD, Distributor of Toyota autos

Micheal Ade-Ojo, OON (June 14,1938) is a Nigerian business magnate and founder of Elizade University. Ilara-mokin Ondo state, Nigeria

He is one of the pioneer students of the University of Nigeria, Nsukka where he moved on from with a degree in Business Administration in 1965.

In 1975, he helped to establish Elizade Independent Agencies, with his late wife, Chief (Mrs.) Elizabeth Wuraola Ojo.

The name began from the initial four letters of his wife’s name “Eliz” and also the initial three letters of his own name “Ade.”

Today, the organization has developed into ELIZADE Group of Company with has as much as seven backups.

He is likewise singularly included in the development of a polytechnic; Elizade Polytechnic, Ilara Mokin which is gone for giving the normal Nigerian kid quality training.


jim-ovia3. Jim Ovia – Banking and Communications
Jim Ovia is a Nigerian businessman who founded Zenith Bank in 1990. After gaining degrees at both Southern University and University of Louisiana at Monroe, he attended Harvard Business School.

Mr. Jim Ovia was a co-founder of Zenith Bank Plc and he served as its Group Managing Director and Chief Executive Officer for 10 years.

In July this year he returned as chairman of Zenith Bank Group and he remains the bank’s largest individual shareholder with a 9.3% stake.

He is also the founder of Visafone Communications Limited and in August 2014, he started construction on a $1.5 billion petrochemical complex in Akwa-Ibom in Nigeria.

He is a holder the Member of the Order of Federal Republic (MFR).


Image result for Chief Raymond Dokpesi

4. Chief Raymond Dokpesi – Daar Communication, AIT

In the early 1990s, as a result of the historic National Broadcasting Commission decree, according to Muyiwa Oyinlola Nigerian media was dominated by the government only. Information was only made possible from government owned broadcasting firms
Born in Ibadan, Oyo state on the 25th of October 1951, Chief Raymond Dokpesi is the founder and chairman of DAAR Communications Limited.

He launched Nigeria’s first independent radio station, Raypower, in 1994 and two years later he also launched the first Afrocentric Global Television Station, Independent Television (AIT).

AIT is ’s first broadcast station to transmit from and into the United States of America.


pascal5. Pascal Dozie – MTN Nigeria, Diamond Bank
Mr. Pascal G. Dozie is the Co-Founder, Partner, and Non-Executive Partner at African Capital Alliance. He is the Founder of Kunoch Limited. He was the Founder of Diamond Bank PLC. Mr. Dozie served as the Chief Executive Officer of Diamond Bank Plc.
He established Diamond Bank which commenced operations in 1991 and the multi-billionaire has once revealed in an interview that the first customer was his wife.

He pioneered electronic transfers in Nigeria to enable traders transfer their cash easily without having to carry it around.

The real source of his wealth came when a South African cellphone company, MTN partnered with him to setup a cellphone network in the Nigerian market.

Taking the huge risk at the time, he raised the necessary funds with MTN completing the rest and today Nigerians can attest to the success of MTN Nigeria.

He is currently Chairman of MTN Nigeria and is a founding partner of Africa Capital Alliance, the first Nigerian private equity fund manager.



6. – Zinox Computer
The chairperson of Zinox Technologies Limited, Leonard Stanley Nnamdi Ekeh was born on February 22, 1956 in Ubomiri Mbaitoli of Imo State.

He is fondly referred to as Bill Gates of Nigeria because of his exploits in the field of information technology.

The astute business man used his school fees to start his business several years ago, a decision which made him miss sitting for his LLM in Business Law which he spent more than a year to prepare for.

He started Task Systems Ltd, which is now one of the companies under the Zinox Group.

In addition to Zinox, he has been involved with companies like ICT Brokers, TD Plus, ICT Connect and Buyright AFRICA Dotcom.

Leonard “Leo” Stanley Nnamdi Ekeh is a Nigerian businessman and chairperson of Zinox Technologies Limited.



7. Prince Samuel Adedoyin – Doyin Group

Samuel Adedoyin is a Kwara born businessman and the founder of Doyin Group of Companies. The Doyin Group of companies is a conglomerate that is wholly indigenous comprising of 15 subsidiaries.

He started out as a small trading business before growing into a conglomerate. The group’s business interests spans manufacturing, real estate, banking, hospitality and energy.


otudeko8. Oba Otudeko – Honeywell Group Nigeria

Oba Otudeko is the founder and chairman of Honeywell Group as well as the chairman of Airtel Nigeria, and Fan Milk of Nigeria.

He was born on the 18th of August, 1943 and he is one of Nigeria’s most successful investor and entrepreneur. He retired as the Chairman of First Bank of Nigeria Plc after 12 years on the Board of the Bank.


fola9. Afolabi Adeola

Tajudeen Afolabi Adeola is a Nigerian businessman and politician. He is a member of the Commission for Africa, and is the founder and chairman of the FATE Foundation.

Himself and Tayo Aderinokun established Guaranty Trust Bank in 1990 which he managed as director/CEO up till July 2002.

The bank became listed on the Nigerian Stock Exchange in 1996. He retired from the bank in 2002 after twelve years. He is a member of the Commission for Africa, the founder and chairman of the FATE Foundation a non-governmental organisation which aims to encourage entrepreneurship through trainings, mentoring, loan support and consulting to support young Nigerians.
Between September 2006 and August 2009, he was the 16th President and Chairman of Council of the Nigerian Stock Exchange.

His conglomerate’s operations stretch across oil and gas, flour milling, real estate and marine transportation.




Source: 36ng

You Might Also Like

Leave a Reply