1.Theophilus Danjuma (South Atlantic Petroleum)
Danjuma, 72, has a net worth of $600 million made through the 2006 sale for $1.7 billion of an oil block he was given by the regime of former Nigerian President Sani Abacha to a Chinese consortium. A former defence minister, Danjuma is chairman of oil exploration firm South Atlantic Petroleum.
2. Mike Adenuga (Conoil Producing)
The 59-year-old Mike Adenuga has a reputation as a reclusive tycoon, but his company Conoil Producing was the first Nigerian company to strike oil in commercial quantities in the early 1990s. It is now the country’s largest oil exploration firm, and Adenuga has a net worth of $4.3 billion.
Tonye Cole (Sahara Energy)
3. Femi Otedola (African Petroleum/Zenon)
CEO of African Petroleum Plc (now Forte Oil Plc), Otedola appeared as one of only two Nigerians (the other was Aliko Dangote) to appear on the 2009 Forbes list of 793 dollar billionaires in the world, worth over $1.2 billion. Though his fortunes have slightly declined since, he remains a hugely rich man with much influence in the Nigerian oil sector.
4. Tunde Folawiyo (Folawiyo Oil And Gas)
Folawiyo serves as the Managing Director of Yinka Folawiyo Power, and holds directorships with various other firms across all sectors. He lives his life away from the limelight, but is known to live in extreme luxury. He holds degrees from the London School of Economics and University College London.
5. Mohammed Indimi (Oriental Energy Resources)
A close ally of prominent figures in the Nigerian military, Indimi founded and now chairs Oriental Energy Resources, an offshore oil exploration and production company. It currently has three offshore oil and gas products, with daily production of 35,000 barrels. After over twenty years in the sector Indimi has established himself at the 30th richest man in Africa, with a notable international presence.
6. Ifeanyi Ubah (Capital Oil)
A tycoon who is probably best known for taking out adverts on the front pages of major newspapers to herald the celebration of his 40th birthday, Ubah’s company, Capital Oil, is said to have the biggest and most modern depot in Nigeria. With 28 loading bays, Capital is the only indigenous downstream player capable of pumping out 55 million litres of petroleum products each day.
7. ABC Orjiakor (Seplat Petroleum)
A trained surgeon, Orjiakor has now worked in the oil and gas sector for over 25 years. At Seplat he spears new business development and works on strategic stakeholder relationships. He has his own philanthropic foundation, and had links with former Nigerian military president Ibrahim Babangida.
8. Phillip Ihenacho (Seven Energy)
Executive Chairman of Seven Energy, Ihenacho is also the co-founder of investment firm Amaya Capital Partners. A graduate of Harvard and Yale, he is a believer that local companies should be at the forefront of Nigerian oil exploration.
10. Prince Arthur Eze (Oranto Petroleum)
Prince Arthur Eze is the Chairman and CEO of Atlas Oranto Petroleum International Limited, as well as holding positions on various other boards in different sectors across Nigeria. His company has secured significant upstream positions in frontier plays in Nigeria, Sierra Leone, Liberia, Togo, Ivory Coast, Chad, Cameroon and Equatorial Guinea. He is also a notable philanthropist.
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