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Nairaland Forum / Nairaland / General / Politics / Odumegwu Ojukwu Was The First Billionaire In Nigeria (1408 Views)
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Odumegwu Ojukwu Was The First Billionaire In Nigeria by Blaze14k: 10:09pm On May 03 |
Sir Louis Odumegwu-Ojukwu (1908-1966) Louis Odumegwu-Ojukwu, according to anecdotes, was the first billionaire Nigeria ever produced. He was the founding president of the Nigerian Stock Exchange. As an honour for supporting the British military during World War II with his fleet of trucks, he was knighted by Queen Elizabeth II. The queen – on the request of the colonial administration – was said to be driven in a Rolls Royce owned by Ojukwu. “Few people realise that he still remains the richest African by every standard today, worth in trillions if you consider that he left about £10m in 1966 – at 10 per cent compound interest,” SUNDAY PUNCH was told by a source close to the family. Ojukwu was said to have made his money by importing dried fish, dealing in textiles, cement and transport. He was also the president of the African Continental Bank. He was on the board of companies such as Shell Oil Nigeria Limited, Guinness Nig. Ltd, Nigerian National Shipping Lines, Nigerian Cement Factory, Nigerian Coal Corporation, Costain West Africa Ltd, John Holt, and Nigerian Marketing Board, among others. He co-authored a report on the Economic Mission to Europe and North America, which recommended the investment of extra funds from the produce marketing board in a regional bank and public corporations to stimulate economic development. He was known for his exquisite taste in clothes, shoes and food. When he died a year later, his wealth was put at an estimated $4bn in today’s economic value.
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Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Christistruth00: 10:15pm On May 03 |
When People don't know History they will think their Father's Farm is the Biggest Google up Mohammed Shitta Bey, Dantata, Da Rocha 23 Likes 4 Shares |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by CrownLands(m): 10:23pm On May 03 |
Christistruth00: Hmmm! My father was a billionaire, too 3 Likes 2 Shares |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by christejames(m): 10:27pm On May 03 |
None comes close... A very well off man! 3 Likes |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Reflect7: 10:29pm On May 03 |
We are all billionaires in heaven. |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Blaze14k: 10:34pm On May 03 |
Christistruth00: Hehehe why do you think Reno deliberately omitted ojukwu You think I'm the one that wrote this lemme post the link so you as well read about those names you mentioned. https://punchng.com/old-money-10-super-rich-men-of-independence-era/ 4 Likes |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Slytiger: 10:39pm On May 03 |
Blaze14k: I don't know what you people gain by peddling falsehood. The rolls Royce used by the Queen on her visit to Nigeria belonged to the emir of Kano as published my Daily Mail. I don't know what you people gain by peddling falsehood. https://www.youtube.com/watch?v=F0heo9EnuIM?si=ocfBWDE4sRU55ees 12 Likes 1 Share
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Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Goodvibes007: 10:44pm On May 03 |
Slytiger: That's the problem with propaganda. When people tell a lie for so long, some start thinking it's the truth e.g. the punch author of the article that said it belonged to Ojukwu's family. 17 Likes 1 Share |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Blaze14k: 10:53pm On May 03 |
Slytiger: Was ojukwu the first billionaire in nigeria answer me. |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Slytiger: 10:55pm On May 03 |
Blaze14k:There was no billionaire in Nigeria during that era. 7 Likes 1 Share |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Blaze14k: 10:56pm On May 03 |
Slytiger: So basically you are saying is carrying fake news right? |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Slytiger: 10:57pm On May 03 |
Blaze14k: That lie of Ojukwu owning the rolls Royce used by Queen Elizabeth already turned this article to garbage. Every other report in that article are all fake news and garbage. 9 Likes 1 Share |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Blaze14k: 11:00pm On May 03 |
Slytiger: Hehehe so that means James Aboderin carry fake news? |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Hez143(m): 11:42pm On May 03 |
if we're to evaluate their wealth with present economic realities,I think dantata is Nigeria first billionaire |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by BitterTruth01: 11:53pm On May 03 |
Yea he was the richest Nigerian and African then but he was a millionaire not a billionaire To be a millionaire in pounds that time no be beans oo 1 Like |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Slytiger: 1:23am On May 04 |
Blaze14k:Yes. There was no Nigerian billionaire during that era even though he was very rich. 1 Like |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Lifestone(m): 5:58am On May 04 |
Blaze14k:NO |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Blaze14k: 9:13am On May 04 |
Slytiger: Thank God you admitted yourself. This source was from a yoruba news outlet |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by PressMyButton: 9:27am On May 04 |
Blaze14k:Billionaire as at 1960?, mad people everywhere. 3 Likes |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by AcadaWriter: 10:16am On May 04 |
nobody comes close...A very well off man! |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Yorubasarecurse: 11:48am On May 04 |
PressMyButtonisahomosexual:Mumu why did you abandon your thread? Are you so ashamed to finish what you started? Onuku. |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Yorubasarecurse: 11:54am On May 04 |
Ojukwu was the richest man in the whole of West Africa. The largest individual shareholder in John holts, Costain West Africa, Guinness, ACB, and numerous other blue chip companies back in the day. He was the founder of the Nigerian Stock Exchange and its first president. His properties in Lagos were over 100 majority of them were confiscated during the civil war. |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by victory36(m): 12:05pm On May 04 |
Blaze14k:even Louis ojukwu knows that dantata is richer than him 1 Like |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by alanto: 12:49pm On May 04 |
Yorubasarecurse:This is the first time anyone would claim that any ibo property in SW was confiscated after the way. You guys can tell lies the heaven, make unnecessary enemies for your kith and kins 1 Like |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by famouscargo4u: 1:06pm On May 04 |
Blaze14k:This is a pure lie. Post your source. 1 Like |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Blaze14k: 1:17pm On May 04 |
famouscargo4u: https://punchng.com/old-money-10-super-rich-men-of-independence-era/ |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by famouscargo4u: 2:57pm On May 04 |
Blaze14k: This didn't say he was the first billionaire. 2 Likes |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Blaze14k: 3:01pm On May 04 |
famouscargo4u: Oga read to the last line |
Re: Odumegwu Ojukwu Was The First Billionaire In Nigeria by Roger3D(m): 3:03pm On May 04 |
Blaze14k:And where does that leave Mensa Musa the richest human who ever lived? Was he not an African too? |
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