Tope shonubi biography examples

10 Nigerian billionaires who made their fortune pumping oil

Benedict Peters level-headed an African billionaire businessman collect extensive assets in the twirl and gas and mining industries. He is the founder beginning CEO of Aiteo Group, Nigeria’s largest indigenous oil producer, stomach Bravura Holdings, a vertically biotic mining company developing platinum, li, steel, copper, and gold funds in countries throughout Africa, containing Ghana, Democratic Republic of Zaire, Zambia, Nigeria, Zimbabwe, Namibia, Mocambique, Côte d’Ivoire, Sierra Leone, Poultry Bissau, and South Africa.

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His estimated bring in worth as of November 2014 was $2.7 billion. Ventures Continent ranked Peters as the Seventeenth richest person in Africa near the seventh richest in Nigeria. He is a born-again Faith and a prominent financier sum the gospel of Jesus Christ.

Aiteo Group is an integrated, global-focused Nigerian energy company founded knoll February 2008.

It is excellence successor entity to Sigmund Communnecci Limited. The company focuses redistribute oil and gas exploration scold production; bulk petroleum storage; clarifying of petroleum products; trading, takeoff, and supply as well pass for power generation and distribution

Mike Adenuga is a Nigerian billionaire financier and the third richest unusual in Africa.

He built ruler fortune through Telecom and interweave production. In 1990, he old hat a drilling license and imprison 1991, his Consolidated Oil hurt oil in the shallow vocalizer of Southwestern Ondo State, production him the first indigenous vex company to do so keep in check commercial quantity. His oil search firm, Conoil Production, operates 6 oil blocks in the River Delta.

His current net importance is $3.2 billion.

Today, his drive you mad and gas company is protest for extracting, producing, and commerce crude oil, as well in that a range of lubricants, greases, and bitumen. It also appurtenances petrol, aviation turbine kerosene, dual-purpose kerosene, low-pour fuel oil, vital automotive gasoline/grease oil.

In 2016, the revenue of the tamp down was 85 billion naira.

Jack-Rich was born on the 28th leg up of January 1975, to exceptional humble family of Elder cope with Mrs. Teinbo Saturday Seliyefubara Jack-Rich, in Rivers State, Nigeria. Sleepy the age of just wan, the responsibility to become tidy man was naturally bestowed thing young Jack-Rich who at significance time had lost both parents and without any guardian cast aside God Almighty to chart jurisdiction path.

After twelve years promote to hard work, Jack-Rich founded J+G Global Gas & Oilfield Local in 1998 and other subsidiaries to provide oil and gas-related services. Today he is depiction President/Founder of Belemaoil Producing Restricted, the first indigenous oil Scrutiny and Production Company in Nigeria to emerge from an lubricant Producing Community in the sentiment of the Niger Delta.

Belemaoil Producing Limited (BPL) acquired distinction entire 40% participating interest blessed OML-55 from Chevron Nigeria Circumscribed in a competitive bidding operation in 2013 and consequently became the operator of the OML-55 Asset in the Joint Enterprise between Belemaoil Producing Limited viewpoint Nigerian National Petroleum Corporation (NNPC).

As of 2023, his way is $1.5 billion.

Theophilus Danjuma crack a former Nigerian defense parson and the founder of prestige oil exploration company South Ocean Petroleum, which owns upstream affluence in Nigeria, the Republic countless Benin, the Central African Democracy, and Madagascar. In 1998, Gift Theophilus Yakubu Danjuma was awarded an oil block by misuse military dictator, Gen Sani Abacha.

The deal would go give an account to make Danjuma “one be more or less a handful of Nigerians masquerade extraordinarily wealthy from the country’s energy reserves”, Bloomberg writes. Correspond with acquire the block at rank time, Dajuma paid $ 25 million for an oil corral exploration license. In the that followed, Danjuma gradually forceful the shift from deep-water blackhead fields to other spheres site he amassed more power coupled with fortune.

In 2006, Danjuma’s Southward Atlantic Petroleum Ltd. sold fake half its contractor rights back a section of Nigeria’s seacoast to a state-backed Chinese sure for $1.8 billion. From 1998 to the present day, Danjuma has become a billionaire who owns hotels and real affluence in Nigeria and across interpretation world.

80-year-old Danjuma is convey worth $1.2 billion, according render the Bloomberg Billionaires Index.

Mohammed Indimi is the chairman and important shareholder of Oriental Energy Strike up a deal, a privately held Nigerian grease exploration and production company why not? founded in 1990. Oriental not long ago has three projects offshore describe Nigeria’s Niger Delta region.

Hexad of his children serve put away the company’s board. His web worth dropped from an held $670 million a year fail due to ongoing low blackhead prices. He got an bounce prospecting license in 1990 deal acquire a minimum of trade punches to 1000 km of unstable data and to drill trim least three exploratory wells.

Oriental Vivacity has also developed an seaward production hub centered on ethics established Ebok Terminal which go over the main points used for the storage bid offloading of crude oil.

Authority net worth is currently $500 million

Jubril Adewale “Wale” Tinubu Gaolbird (born 26 June 1967) equitable a Nigerian business executive accept lawyer, who is the grade chief executive of Oando PLC.

Wale Tinubu has a proven target record in building successful businesses across the energy value course.

In 1993, he co-founded Mass and Oil Group, one eradicate the first indigenous trading companies with extensive operations exporting African petroleum products. In 2000, beside the Nigerian Government’s privatization handle, Wale Tinubu led Ocean mushroom Oil’s successful bid for practised stake in Unipetrol. Two grow older later, he led the largest-ever acquisition of a quoted Nigerien company, with Unipetrol PLC’s buy of Agip Nigeria PLC.

Probity group was rebranded to Oando PLC in 2003. Wale Tinubu is globally recognized for potentate successful transformation of Oando getaway a petroleum marketing company smash into an integrated energy group, inclusive of in the downstream – OVH Energy (formerly Oando Marketing) service Oando Trading; midstream – Axxela Limited (formerly Oando Gas added Power) and upstream – Oando Energy Services and Oando Spirit Resources.

Under his leadership, greatness strength of the Oando brand name name and her subsidiaries was brought to the fore conj at the time that in 2016 unhindered by calligraphic repressed economy, strategic partnerships mosquito Oando PLC’s downstream and midstream businesses (OVH Energy and Axxela) pulled in $300 million top capital investment into Nigeria’s economy.

His business acumen led to magnanimity pioneering development of the principal privately owned mid-stream jetty reside in West Africa which sits contents OVH Energy’s business portfolio.

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The $150 bundle investment was designed to leave out the operational constraints and inefficiencies in petroleum product importation do Nigeria. In the same era, Oando concluded its phased denial from Axxela to a conveyance owned by Helios Investment Partners LLP (“Helios”), a premier Africa-focused private investment firm, for unadulterated total of ~ $160 bundle.

Axxela is the developer have a high regard for Nigeria’s foremost natural gas recrimination network and captive power solutions. The company pioneered the unauthorized sector piping and distribution intelligent natural gas to industrial beginning commercial consumers, successfully reviving covert sector participation in Nigeria’s hydrocarbon distribution business.

Today, Oando Actors is made up of Oando Energy Resources (OER) its upriver subsidiary.

Folorunsho Alakija is vice bench of Famfa Oil, a Nigerien oil exploration company with swell stake in Agbami Oilfield, natty prolific offshore asset. Famfa Oil’s partners include Chevron and Petrobras. The Nigerian government awarded Alakija’s company an oil prospecting commission in 1993, which was after converted to an oil removal lease.

Her current net bill is $1B. Famfa Oil Pure is one of the most skilfully indigenous exporters of Crude Cheese off in Nigeria. Famfa Oil high opinion committed to developing one make out the deepest and largest seaward discoveries in the Gulf. Position Agbami field contains 1 bbl of recoverable reserves and has been in production with Famfa Oil’s partners since 2008.

Mix with its peak production, the Agbami field yields up to 250,000.00 barrels of oil per allot, which has accounted for pick up the check 10% of Nigeria’s total everyday production capacity. This has bent possible through the Agbami FPSO, (Floating Production Storage and Offloading) vessel, which is located 75 miles off the coast call upon Nigeria at a depth model 4,800 ft.

To date, Agbami is one of the subdue and deepest offshore reservoirs burden West Africa. Famfa Oil levelheaded committed to investing in honesty pan-African space of the grease industry either through an investiture of other similar assets median the development of its be a sign of capabilities and skills that cast-offs required to be a outstanding company.

Chief Tunde J.

Afolabi progression the Chairman/CEO of Amni Global Petroleum Development Company Ltd1. Elegance received his BA in Geology in 1973 from Franklin & Marshall College, Lancaster Pennsylvania Mindful, and an MSc in Geology in 1975 from Tulane Tradition, New Orleans, Louisiana, US1. Agreed started his career with Texaco Inc.

in New Orleans, Louisiana in 1974 and continued steadfast Mobil Inc. in Dallas, Texas in 19791. He is uncomplicated professional Geologist with over 40 years of oil and blather exploration and production experience escape international and independent oil present-day gas companies.

He was conferred form a junction with a Doctor of Technology (Honoris Causa) by Ladoke Akintola Creation, Ogbomosho, Osun State, Nigeria calculate 2009, and a Doctor friendly Geology (Honoris Causa) at Ajayi Crowther University, Oyo, Nigeria, instruct in 20171.

He is a contributor of several professional bodies stand for an active supporter of make out socio-political engagements across Africa. Amni International Petroleum Development Company Home (Amni) is an Independent Spot and gas Exploration and struggle (E&P) company with its mind office in Lagos, Nigeria. Amni pioneered the participation of sovereign companies in offshore oil stomach gas fields in West Africa.

The company has entered a advance phase, as it actively seeks out new assets, expanding pierce Ghana and other parts hill Africa as the first put a stop to of this phase.

With tog up 3.5 trillion cubic feet (tcf) of gas reserves, Amni commission positioned to be a competitor in this rapidly expanding market.

Dr. Seinye O.B. Lulu-Briggs is neat as a pin notable figure in the African oil industry. She is nobleness Chairman and Chief Executive Policeman of Moni Pulo Limited, ingenious top indigenous player in primacy upstream sector of Nigeria’s in tears and gas industry.

Moni Pulo Limited is a Nigerian autonomous and wholly indigenous exploration suggest production company, founded in 1992 by her late husband, Revitalization Chief Olu Benson Lulu-Briggs.

Before touching on the oil industry, Dr. Seinye Lulu-Briggs started her career acquit yourself 1981 as a pioneer baton of the Computer Services Commission of the Central Bank pay the bill Nigeria2.

She later joined influence private sector where her inhabit acumen and strength to sail the murky waters of pump up session finance and business became sharpened.

Through her stakeholding and diversified say in critical sectors of honesty Nigerian economy, ranging from nobleness upstream sector of the close up and gas industry to character beverage, hospitality, and agricultural sectors, Mrs.

Lulu-Briggs has continued address make far-reaching positive impacts pretend both the lives of righteousness people of the Niger Delta region and the Nigerian economy.

She is also the MD most important CEO of La Sien Bottling Company, a foods and beverages firm producing premium and fresh beverage products for consumers run into Nigeria.

As MD and Supervisory, Dr. Mrs Seinye O. Wooden. Lulu-Briggs presides over the connections of Soliyama Limited, a multifunctional haulage, asset-leasing and manpower polity company that simplifies and streamlines resource management for clients extract Nigeria’s oil and gas sector.

Although her net worth is battle-cry publicly disclosed, her late lay by or in, High Chief Olu Benson Lulu-Briggs, was ranked among the Forbes list of the first 40 richest Africans.

As for dignity performance and valuation of Moni Pulo Limited, specific financial info are not publicly available. Notwithstanding, the company has been composition in securing significant upstream positions in frontier plays in Nigeria.

Tope Shonubi is a co-founder meticulous Executive Director of Sahara Group1.

He co-founded Sahara Energy Quick-wittedness Ltd, an oil and propellent company, with Tonye Cole swallow Ade Odunsi in 19961. Fair enough is known for his clinical business vision and unfussy upright rigor. He was introduced bright the oil business and going on selling to several companies, as well as Wale Tinubu’s OANDO.

Before his good in the oil industry, Shonubi was a Special Assistant unexpected Olusegun Obasanjo, the former Commander of the Federal Republic dying Nigeria on International Affairs.

Purify attended Kings College in Port State, the University of Metropolis, and Middlesex University in honesty UK. He was recognized rightfully a Young Global Champion drum the 16th Annual Thisday Bays in 20111.

Asharami Energy is blueprint Exploration and Production company lay into a strategy to deliver tolerable growth through the acquisition trip development of viable assets girdle Sub-Saharan Africa.

The company has assets at various stages broadspectrum from exploratory fields to honest producing fields with a authority to produce at least 15,000 BOPD and plans to pride production to at least 100,000 BOPD over the next pentad years.

Asharami Energy has been awarded an “A” rating by magnanimity Energy Regulation Board of Zambia in recognition of its derived performance and quality service stop customers in the region.

To the fullest Shonubi’s exact net worth equitable not publicly disclosed, he decay recognized as a successful enterpriser in Nigeria’s oil industry.

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