Nigeria is blessed with numerous rich men, one of whom is Aliko Dangote. Aliko Dangote is currently the richest man in Africa. There are several other popular wealthy Nigerian men such as Femi Otedola and Mike Adenuga. Some others are less famous despite their wealthy status. This category of rich Nigerian men is the focus here. Do you want to find out some rich Nigerian men that you most likely have never heard of previously? Well, here are the 7 richest men you don’t know in Nigeria.

  1. Kola Aluko

Kola Aluko is a Nigerian energy and aviation, business magnate. He was born on the 20th of October, 1969 in Lagos. Before delving into the energy sector, Kola Aluko formerly worked in the pharmaceutical and car industries. In 1995, he made the switch to the energy industry when he co-founded Besse oil. Besse oil was a pioneer oil trading company in Nigeria. 

After Besse Oil, he has founded several other oil and gas companies and severed in various capacities. In 2010, Aluko diversified into the aviation industry. He became a member of the VistaJet advisory board. Kola Aluko is very wealthy and was ranked as one of the 40 richest Africans by Forbes.

2. Gbenga Oyebode

Gbenga Oyebode is famous as one of Nigeria’s most renowned commercial lawyers. Unknown to most people, he is also one of the country’s richest men. He was born on the 30th of March, 1959. He is one of the founding partners of Aluko & Oyebode and currently serves as Chairman of the Management Board of the firm. Aluko & Oyebode is one of the foremost corporate and commercial law firms in Nigeria.


He specializes in advising major corporations in key industries such as oil and gas, power, aviation, and telecommunications. Oyebode holds a minority stake in MTN Nigeria, the country’s leading telecoms operator and also sits on the company’s board. He previously served as chairman of Access Bank PLC.

3. Eddy Martins Egwuenu

Eddy Martin’s Egwuenu is a former bank chief who accumulated wealth through his work in the industry. He is a founding member of the board of directors of Zenith Bank. He holds the second largest individual share in the Zenith Bank Group. His 1.5% stake in Zenith Bank alone is worth over $60 million. 

Martin’s Egwuenu started his banking career at Chase Manhattan Bank in 1975. He is currently one of Nigeria’s richest men even though his name is hardly in the news.

4. Jide Omokore

Jide Omokore is a Kogi born Nigerian businessman. He is the chairman and founder of Energy Resources Group. The company is one of Nigeria’s largest privately-held conglomerates. ERG business interests cut across oil trading and exploration, haulage services, steel, dredging engineering and property development. Annually, ERG’s revenue exceeds $400 million.

Omokore is also the chairman of Atlantic Energy Drilling Concept Nigeria Limited. Atlantic Energy is a private upstream oil and gas company focused on under-developed producing fields in Nigeria.

5. Aderemi Makanjuola

He is one of Nigeria’s silent rich men. Makanjuola is the founder and Executive chairman of Caverton Offshore Support Group. Caverton provides marine, aviation and also logistics support services to oil exploration and production firms within West Africa. Caverton counts the likes of Cameroon Oil Transportation Company (COTCO) and Shell Petroleum Development Company (SPDC) as part of its clients.


Before founding Caverton, Makanjuola worked in the banking and finance industry for over 2 decades and held several key positions. He currently serves as the Chairman of the Lagos State Security Trust and as Director in several other key institutions in Nigeria.

6. ABC Orjiakor

This is another wealthy Nigerian operating in Nigeria’s oil and gas industry. Ojiakor trained as an orthopedic and trauma surgeon but made money from oil and gas. He is the chairman and CEO of Shebah E&P Company Limited. Shebah E&P has a 40% stake in the offshore block OML 108. 

Orjiakor also serves as chairman of Zebbra Energy Limited, another oil and gas company which owns OPL 248.

7. Sam Iwuajoku

This wealthy Nigerian profited from importing rice and steel rods. He benefited immensely from import duties waivers from the Nigerian government. This helped him grow his business and build wealth. He has since diversified his business interest to include private aviation services. His Quits Aviation services is one of the country’s few fixed-base operators.

Conclusion (7 Richest Men You Don’t Know About in Nigeria)

The men featured in this post are some of the richest Nigerian men even though they are not that popular. They made their wealth from different industries. These men despite their wealthy status prefer to stay low-key. This article has revealed little about these rich men and more people can now read about them.

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