4 New Nigerian Billionaires According to a wealth research done by Ventures Africa, four Nigerians have joined the billionaires club. They are: 1. Cletus Ibeto (Worth: $3.7 billion):A household name in the South-eastern part of Nigeria, Ibeto grew from an apprentice in a spare parts shop in the industrial city of Nnewi, where he is from, to the owner of the largest conglomerate (Ibeto Group) in Eastern Nigeria. He has been honoured by the Federal Government of Nigeria with Officer of the Order of the Niger [OON] and Commander of the Order of the Niger [CON] for his business acumen and job creation initiatives. In 2005, the Federal Government of Nigeria found him worthy to serve as the Chairman of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). Cletus Ibeto 2. Benedict Peters (Worth: $2.7 billion): Media-shy Benedict Peters announced himself nationally when he acquired an oil block worth $2.56 billion from Shell Nigeria. His Aiteo group is one of the fastest growing local players in Nigeria’s upstream and downstream oil sectors. 3. Tony Elumelu (Worth: $1.6 billion):A serial investor and philanthropist: The United Bank of Africa (UBA) chairmanhas been a major player in Nigeria’s financial industry. A serial investor and businessman, Tony has his hands on so many businesses that include Heirs Holdings, an investment company; and Transnational Corporation (TRANSCORP Plc), a conglomerate with investments in hospitality, oil, agriculture, and logistics. He recently launched an empowerment fund to revitalise distressed communities across Nigeria. 4. Akanimo Udofia (Worth: $1 billion):Canada-based oil trader, Akanimo Udofia is the owner of Desicon Group, an engineering, procurement and construction services company. His company is gradually becoming one of the major servicers of Nigeria’s oil and gas industry.
Posted on: Thu, 13 Nov 2014 15:09:30 +0000
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