Prince Arthur Eze is the richest man in Anambra State, with a net worth estimated at $5.8 billion. The billionaire businessman made the bulk of his money from the oil business.
Other wealthy people from Anambra State, one of the richest states in Nigeria with two of the biggest commercial cities (Nnewi and Onitsha) in the country and thus home to some of the richest men in Nigeria, made their wealth from trading, agriculture, politics, manufacturing industries, telecommunications, etc. Here is a look at the top 10 richest men from Anambra and how they were able to make it.
Prince Arthur Eze is the Richest Man in Anambra State
- Full Name: Prince Arthur Eze
- Net worth: $5.8 Billion
- Age: 74 years old
- LGA: Dunukofia Local Government
- Major Source of Income: Oil & Gas
A native of Ukpo in the Dunukofia local government area of Anambra State, Arthur Eze was born into a royal family on 27th November 1978. He is a graduate of California State University, Long Beach, California with a degree in Mechanical and Chemical Engineering.
With a business interest right from childhood and experience from his course of study as a Chemical Engineer, Prince founded Atlas Oranto Petroleum (AOP) in 1991. As of this day, Atlas Oranto Petroleum is the largest holder of oil exploration blocs in Africa. It has assets in Nigeria and Equatorial Guinea and operates 22 oil and gas licenses in 12 jurisdictions across Africa.
While its headquarter is in the Federal Capital Territory, Abuja, and its technical base is in Lagos, AOP has branch offices and representatives all over key investment locations across West Africa.
Expanding his business interests, Prince Eze established Triax airlines in 1992. Until it stopped operating in 2000, Triax airlines had three B727s in its fleet. Arthur Eze has, over the years, invested his wealth in productive enterprises and profitable businesses that, in no doubt, have yielded for him more increase. His other staggering investments and assets account for the bulk of his $5.8 billion net worth, which is over ₦2.4 Trillion.
The oil mogul is also a notable politician who massively supports and donates to the People’s Democratic Party (PDP) and other political parties as well. His political accomplishments earned him recognition as the Anambra State political godfather. All Progressive Grand Alliance (APGA) was reportedly birthed in his sitting room.
Other Richest Men in Anambra State
2. Cletus Madubugwu Ibeto
- Full Name: Cletus Madubugwu Ibeto
- Net worth: $3.8 billion
- Age: 70 years old
- LGA: Nnewi North
- Major Source of Income: Cement manufacturing, automobile spare parts
Cletus Madubugwu Ibeto comes second on the list with a $3.8 billion net worth. He is a Nigerian businessman and the head of Ibeto Group, the largest business enterprise in the city known for its entrepreneurial spirit, Nnewi.
The 70-year-old Nnewi origin began his early life in business, serving as an apprentice to John Akamelu, an auto spare parts vendor in Onitsha, Anambra State. Cletus started learning trade following his father’s decision not to tour the part of academic learning.
He was sent down to Onitsha for his apprenticeship program, after which he started his own spare parts importation with a focus on lead acid batteries and plastic motor accessories. He, however, took bolder steps in business in 1988 when he stopped direct importation and founded his own factory in the city of Nnewi.
By 1995, his factory has become one of the largest spare parts manufacturing companies in Nigeria. In October 1996, he established Ibeto Petrochemical Limited, which is grossly involved in the blending of oil lubricants as well as the production of other types of petroleum products for local and international markets.
Ibeto Petrochemical Ltd currently owns the largest liquid storage facility for petroleum products in Nigeria, with a capacity of more than 60,000 metric tonnes located at Ibru Jetty Complex Lagos and Apapa Wharf. With his vast knowledge of business merchandise, Cletus founded the cement company Ibeto Cement in 2001. Each of its four production lines has a capacity of 2700 of 50kg bags per hour or a total production capacity of 5400 of 50kg bags per hour.
Other companies owned by Cletus Ibeto are:
- Union Autoparts Manufacturing Co. Ltd
- Eastern Bulkcem Company Ltd
- Ibeto Energy Development Ltd
- Odoh Holdings Ltd
- Ibeto Hotels Ltd
- Palmex Agencies Ltd
- Kings’s Palace Hotels Ltd
3. Emeka Offor
- Full Name: Emeka Offor
- Net Worth: $2.9 Billion
- Age: 64 years old
- LGA: Ekwusigo Local Government
- Major Sources of Income: Oil and Gas, Electronics, Banking Insurance
Making the list as the third richest man in Anambra State is Emeka Offor, a billionaire businessman with a net worth of $2.9 Billion. The 64-year-old serial entrepreneur is best known as the founder and CEO of The Chrome Group.
On completing his primary and secondary school, Emeka delved into business and today has made an irremediable name for himself in the business globe. He is a native of Irefi Oraifite in the Ekwusigo local government area. He first worked with Rivways Lines Nigeria Ltd, an importer of bitumen goods, and would later take the bold step to start his own business.
Emeka founded The Chrome Group, located in Abuja, Nigeria, in 1994, a leading multi-million dollar conglomerate involved in diverse sectors of the Nigerian economy. The company has interests in the oil and gas sector, media communications, logistics, insurance, power, security services, and the broadcasting industry. Radio stations kiss 99.9 FM and Blaze 91.5 FM are among its subsidiaries.
The Chrome Group has a strong presence in Nigeria, Switzerland, the United Kingdom, and the United States. Below are subsidiaries of The Chrome Group
- Kaztec Engineering Ltd
- Enugu Electricity Distribution Company
- Chrome Oil Services
- Global Scan systems Technology Limited (GSTL)
- Inland Containers Nigeria Ltd
- Nimek Investment Ltd
- Blaze 91.5 FM
- Kiss 99.9 FM
- Starcrest Nigeria
- Kingsbury Trading Ltd
- Global Scan systems Limited (GSL)
- Interstate Electrics Ltd
What’s more, this business tycoon is the owner of the popular Sir Emeka Offor Plaza located in Onitsha Main Market. The plaza, which in no doubt produces whooping revenue for him, is a structure that houses businessmen that deal solely in all kinds of electronics.
These ventures, among others, comfortably place him as one of the richest men in Anambra State. Emeka Offor is the chairman of EEDC – Enugu Electricity Distribution Company.
4. Ifeanyi Uba
- Full Name: Patrick Ifeanyi Ubah
- Net worth: $1.7 Billion
- Age: 51 years old
- LGA: Nnewi North
- Major Sources of Income: Oil and Gas, Politics
Another Nnewi native, Ifeanyi Uba, is a highly successful businessman that needs no introduction. He is the CEO of the famous Capital Oil and Gas firm. Ifeanyi dropped out of school due to his parents’ financial difficulties and went into the apprenticeship program of learning a trade.
On completing his apprenticeship program at the age of 16, he became an auto spare parts dealer, exporting tyres to Sierra Leone, Ghana, Liberia, and the DRC. In no time, he expanded his business tentacles and incorporated more countries into his export zones.
Having amassed incredible knowledge and experience in the world of business, Ifeanyi, in 2001, eyed the oil sector, and Capital Oil and Gas was birthed. The company has, over time, expanded into a conglomerate in Dubai, Belgium, South Africa, and the United Kingdom.
As expected of an astute businessman, Ifeanyi Uba has diversified his investments into the port and harbor business, owning the largest fleets of marine vessels, oil tankers, tug boats, and barges in the country. He also has investments in telecommunications, financial bodies, hospitals, properties, and real estate.
Ifeanyi Uba is an employer of massive labor, with over 1000 job opportunity windows and 3000 employees. He is the owner of Ifeanyi Ubah Football Club, which is actively involved in the Nigerian Premier League. Apart from his strengths in business, Ifeanyi Uba is a politician, and from that end, he makes decent money. He is currently serving as Senator representing Anambra South Senatorial zone in the Nigerian senate. In 2014, he ran for the Anambra Gubernatorial election but was not successful.
In addition to his multi-billion dollar Capital Oil and gas, Ifeanyi Uba sits on the board of the following companies
- Commodity Giants Nigeria Ltd
- Hero Communications Ltd
- Oil Force Nigeria Ltd
- Capital Group Congo S.a.r.l in the DR Congo
- American Hospital Ltd
- Knoll & Hachfer Engineering Company Ltd
- Chevron Oronite & Chemical Company Ltd in South Africa
- He is the founder of Authority Newspaper, a Nigerian daily news outfit
5. Dr. ABC Orjiakor
- Full Name: Ambrose Bryant Chukwueloka Orjiakor
- Net worth: $1.2 Billion
- Age: 62 years old
- LGA: Ihiala local government area
- Major Sources of Income: Oil and Gas, Real Estate, Insurance
An origin of Uli in the State’s Ihiala local government area, Dr. ABC Orjiakor is a medical doctor turned oil mogul. Bryant studied Medicine and Surgery at the prestigious University of Calabar (UNICAL) and later specialized in orthopedic and trauma surgery. A medical doctor by profession, Orjiakor decided to entirely leave the healthcare sector to pursue his interest in the world of business after 11 years of active medical practice.
He ventured into private business with interests in both the upstream and downstream oil sectors, construction, shipping, real estate development, and banking insurance. Some of the companies he established and managed in Nigeria’s oil and gas industry include Shebah Exploration and Production Company Limited Abbeycourt Energy Services Limited, Zebbra Energy Limited, and Abbeycourt Trading Company Limited.
In June 2009, Dr. ABC cofounded SEPLAT, one of Nigeria’s largest independent petroleum development companies. In 2014, SEPLAT made history as Nigeria’s first indigenous oil and gas company to be listed on the London Stock Exchange. Its dual listing in both the London and Nigerian exchanges valued it at $1.91 billion.
As of January 2022, SEPLAT was named one of the most valuable stocks on the Nigerian Exchange classified under the Premium Board of NGX with a market capitalization of over NGN400 Trillion. His diverse arms of the company contribute greatly to improving the nation’s economy and providing employment to thousands of people within its circle.
Some of the key positions Dr. Orjiakor has held include Chairman of Neimeth Pharmaceutical International plc, a company traded on the London Stock Exchange, Director of Leadway Assurance Company Limited, and Founding member of the London Stock Exchange’s Africa Advisory Group (“LAAG”).
6. Innocent Chukwuma
- Full Name: Innocent Ifediaso Chukwuma
- Net worth: $1 Billion
- Age: 61 years old
- LGA: Nnewi North
- Major Sources of Income: Automobile Manufacturing
Popularly known as Innoson, Innocent Chukwuma is one of the richest men in Anambra State. The business magnate and investor is the founder and CEO of Nigeria’s first indigenous automobile manufacturing company, Innoson Vehicle Manufacturing (IVM).
After his secondary education, he served as an apprentice to Chief Romanus Eze Onwuka, who deals in motorcycle spare parts, one of the lucrative businesses in the southeast region of Nigeria. Having mastered the acts of the business, he rented a shop and started his own with the sum of N3,000, which was given to him by his brother.
Today, Innocent is the man behind the popular Innoson Group, the most famous automobile manufacturing company in Nigeria. The company was birthed in 1981 when he started importing motorcycles. Apart from manufacturing and assembling cars, Keke, and other autos, Innoson also recycles motorcycles, plastics, tins, and many other household items. It is also involved in the production of tubes and tires.
Innoson Vehicle Manufacturing Limited (IVM) manufactures all kinds of automobiles ranging from commercial buses, Trucks, passenger cars, SUVs, Sedans, and what have you. Other subsidiaries of the Innoson Group of companies are Innoson Technical & Industrial Co. Ltd and Innoson Technical & Industrial Co. Ltd.
The following are the boards where Innocent Chukwuma has served:
- Deputy Chairman, Board of Trustees National Coalition for Jonathan/Sambo presidency
- Vice president of the Nigeria Association of Chambers of Commerce, Industry, Mines, and Agriculture
- Grand Fellow of the Nigerian Institute of Strategic Management
- Member of the Manufacturer Association of Nigeria
- Chancellor at Imo State University, Owerri
7. Ernest Azudialu Obiejesi
- Full Name: Ernest Azudialu Obiejesi
- Net worth: $900 Million
- Age: 62 years old
- LGA: Ihiala Local Government
- Major Sources of Income: Oil and Gas
A seasoned businessman and passionate philanthropist, Ernest Azudialu Obiejesi amassed his mouthwatering fortune from his investments in the oil and gas industry. He was born on 17th April 1960 and is a native of Okija in the Ihiala local government area of Anambra State.
Ernest had his first stint in business in 1978 when he joined his father’s family business. After five years of comprehensive tutelage from his father, Ernest was very ready to explore the business world. His journey to fame and wealth began when he founded his first brand Obijackson West Africa Limited, a company that deals with item exportation across the West African region.
Not quite long, Obijackson became a harbinger of several other businesses spanning Exploration and Production, Oil Servicing, Engineering Procurement Construction and Commissioning (EPCC); Power, Aviation, Dry Dock Services, and Dredging.
More significantly, Ernest Azudialu Obiejesi is the owner of NESTOIL company which has since grown to become the largest and most popular EPCC Company in Nigeria’s gigantic oil industry. In 2011, the company acquired OML 42 Oil Field, which delivers about 500 million SCF of gas per day to the domestic oil market.
As an investor, Ernest is a non-executive director of Julius Berger Nigeria Plc, a leading Nigerian construction outfit. He is also the Executive Officer of Neconde Energy, Smile Communication Nigeria Limited, and Century Power Generation, which develops about 1500MW gas-fired power plants in Okija, Anambra State. All these companies are owned and controlled by the business guru, and they are all subsidiaries of the Obijackson Group.
8. Cosmas Maduka
- Full Name: Cosmas Maduka
- Net worth: $800 Million
- Age: 64 years old
- LGA: Nnewi North
- Major Source of Income: Coscharis Group; automobile, petroleum
With an estimated net worth of $800 million, Cosmas Maduka is able to make it to the list of the richest men in Anambra State. Nnewi has seemed to be home to billionaires, and Cosmas happens to be one of them. Founder and Chairman of Coscharis Group of companies, a sole distributor of BMW in Nigeria, told the story of how he turned N200 into multi-billion nairas.
Talking about how he grew to become a multi-billionaire, Cosmas said that life wasn’t rosy for him at all in the beginning. At a young age, when his mates were all in school, he was sent out to Lagos to learn a trade with his uncle. Today, he has risen from being an automobile apprentice to becoming one of the richest men not only in Anambra State but in Nigeria at large.
With the 200 Naira severance given to him by his boss, Cosmas partnered with his brother and found his first outfit Maduka Brothers. However, his brother left not long after, and he set up the popular Coscharis Motors, now Coscharis Group of Companies. He had his first breakthrough after he began purchasing a motorcycle crash ban from Boulous Enterprises.
Yet, his major breakthrough came in 1982 when the Nigerian government granted import licenses to 10 Nigerian companies, and Coscharis was one of those that were picked. Since then, the company has kept on expanding with several subsidiaries, including Automobile Sales and Services, Manufacturing, Petrochemical, ICT, Auto care and Auto Components, Agric, and Agro Allied business sectors.
In 2001, the company diversified into the sale of American car brands Such as MG and Ford. In Nigeria, Cosharis Motors has the exclusive rights to market popular automobiles like BMW, Rolls-Royce, Land Rover, and Jaguar. The business guru sits on the board of several notable organizations and companies and has served as a Director at Access Bank Plc.
9. Dr. Godwin Maduka
- Full Name: Godwin Maduka
- Net worth: $400 Million
- Age: 63 years old
- LGA: Orumba South LGA
- Major Source of Income: Medical sector; hospitals
Having made a net worth of $400 million, Godwin Maduka has his own as one of the richest men in Anambra State. Godwin is an American-Nigerian doctor and businessman born in 1959 in his hometown, Anambra State. After obtaining a series of medical qualifications in the US, Godwin worked with several hospitals, including the Desert Spring United Methodist Church, Nevada, where he was employed as an anesthesiologist.
The medical expert is based in the United States of America, where he owns and controls a popular hospital, Las Vegas Pain Institute and Medical Centre. He has subsequently expanded to six other locations in Nevada, USA. While he runs his hospitals, Godwin Maduka also works as a clinical assistant professor of surgery at the UNLV School of Medicine, a clinical faculty supervisor, and an adjunct professor of pain management, and anesthesiology at Touro University Nevada
Besides his medical expertise, the CEO of the Las Vegas Pain Institute And Medical Clinic is a shrewd businessman who has achieved significant development in the medical field. His US-based hospital is said to be the largest pain rehabilitation center in Nevada. He owns a variety of landed properties and other assets within and across the country, which are worth millions of dollars.
10. Allen Onyema
- Full Name: Allen Ifechukwu Onyema
- Net worth: $300 Million
- Age: 58 years old
- LGA: Ihiala local government
- Major Source of Income: Air Peace Airline, Real Estate
Allen Onyema is a Nigerian lawyer and businessman whose wealth comes from entrepreneurship and investments. He is the founder of Air Peace Airline, Allen Onyema & Company, Onyema & Co., and several business outfits and investments scattered across the country and beyond. The Air Peace boss is also well known as a patriotic Nigerian who is passionate about providing jobs to the masses.
Allen, upon graduation from the university, first worked as a lawyer in some law firms and rose to the position of the head of one of the chambers he worked in. While he was still in the chamber, a friend introduced him to the real estate business, which he ventured into and started making money from.
He later resigned from the law chamber and established his own law firm, Onyema & Co. Simultaneously, he also established other businesses, including Continental Business Links Ltd, an importation outfit, and Allen Onyema & Company, a property company.
Allen founded Air Peace as a private Nigerian airline in 2013. Today, Air Peace is one of the biggest airlines in the country with chains of aircraft such as 3 Boeings 777. It provides services to major cities in Nigeria as well as some international destinations such as Sierra Leone, Senegal, Liberia, United Arab Emirates, Ghana, India, USA, China, and the Gambia
Recap of the Top Ten Richest Men in Anambra State and Their Net Worth
- Prince Arthur Eze – $5.8 Billion
- Cletus Madubugwu Ibeto – $3.8 Billion
- Emeka Offor – $2.9 Billion
- Ifeanyi Ubah – $1.7 Billion
- Dr. ABC Orjiakor – $1.2 Billion
- Innocent Chukwuma – $1 Billion
- Ernest Azudialu Obiejesi – $900 Million
- Cosmas Maduka – $800 Million
- Godwin Maduka – $400 Million
- Allen Onyema – $300 Million