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Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by Amarabae(f): 3:19pm On Aug 11, 2017 |
sangresan:another gnashing of teeth and wailing due to painment. Forbes have put tears in the eyes of many today. 6 Likes 3 Shares |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by IgboticGirl(f): 3:20pm On Aug 11, 2017 |
mykl01: una don kee me ooo with laugh my brother afonjas are terrible people 3 Likes |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by okwudiriokoro(m): 3:20pm On Aug 11, 2017 |
louqas:Okbye |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by Moneyyy: 3:23pm On Aug 11, 2017 |
NaijaEfcc: 1 Like |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by IgboticGirl(f): 3:23pm On Aug 11, 2017 |
i just love the painment afonjas are going through rite now 4 Likes |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by Moneyyy: 3:23pm On Aug 11, 2017 |
The small Nigerian town of Nnewi has more naira billionaires per capita than anywhere else in the country. Shortly before Nigeria’s independence in 1960, Louis Odumegwu Ojukwu, reportedly Nigeria’s first black billionaire, and founding president of the Nigerian Stock Exchange, was knighted by Queen Elizabeth II. The royal honor came after he helped the British during World War II with his fleet of trucks. He was so wealthy that during the Queen’s visit in 1956, she was chauffeured around in his Rolls-Royce – apparently the only one in the country at the time – on the request of the colonial administration. Profiled in September 1965 by TIME magazine, Ojukwu made his money by importing dried fish for resale, and diversifying into textiles, cement and transport. When he died a year later, his wealth was an estimated $4 billion in today’s economic value. His son, Chukwuemeka, who also ended up a billionaire, returned from Oxford University at 22 with a master’s degree in history and led his fellow Igbos into the Nigerian civil war as head of the secessionist state of Biafra in 1967. Their hometown Nnewi, in the southeastern state of Anambra, either by good fortune or hard work, has bred more naira billionaires than any other town in Nigeria, and possibly Africa. The Igbos, who sometimes refer to themselves as the ‘Jews of Africa’, have entrepreneurship in their blood. They have built themselves from the ground up, with little help from the government, after a controversial policy left them all with 20 pounds each, regardless of their bank balance, at the end of the Nigerian civil war in 1970. Nicknamed the Japan of Africa, Nnewi is famous as a hub for automobile spare part dealers, and most recently, Innoson, Nigeria’s first indigenous car assembly plant. The town is also known for its factories that manufacture household goods and is home to the biggest road transport companies in the country. Nnewi, with a little over two million residents, is a 30-minute drive from the Onitsha – the biggest outdoor market in West Africa – on the banks of the Niger River. These are 10 of the most prominent naira billionaires from Nnewi, in no particular order: Cletus Ibeto: The Ibeto Group has been described as the largest industrial enterprise in southeast Nigeria. Starting out as an apprentice to an already established auto spare parts dealer, Ibeto eventually branched out on his own and effectively ended importation of lead acid car batteries in Nigeria in the late 80s. The result is a conglomerate dealing in hospitality, motor products, real estate, petrochemicals, agriculture and cement. Cosmas Maduka: One of the country’s foremost car dealerships, Coscharis Group, is the brainchild of a man who lost his father at four and had to drop out of school to sell bean cakes, a popular food staple. His company, one of the largest car dealerships in Nigeria that deals with BMW, Jaguar, Range Rover and Rolls-Royce, has diversified into agriculture. Innocent Chukwuma: Another school dropout, he is the founder of Innoson Nigeria Limited which produces sport utility vehicles, commercial buses and passenger cars at the first indigenous assembly plant in Nigeria. The company has factories in Nnewi and Enugu and has the governments of Anambra and Enugu states, as well as a few federal agencies, among its customers. Gabriel Chukwuma: The elder brother of Innoson, Gabriel is invested in sports, real estate and hospitality. As chairman of Gabros International Football Club, he oversaw its rise into the Nigerian Premier League and partnership with English side, West Ham FC before selling to fellow Nnewi entrepreneur, Ifeanyi Ubah. He began business as a patent medicine dealer. Alexander Chika Okafor: Chicason Industries, and one of its products – A-Z Petroleum, are household names in Nigeria. The conglomerate has made significant inroads in the mining, manufacturing, and real estate in Nigeria and Sierra Leone. Okafor, its founder and chairman, was named in 2011 by the Senate as one of the beneficiaries of the subsidy fraud under the Goodluck Jonathan administration, pocketing as much as N18 billion ($54 million). Augustine Ilodibe: An orphan and mass server in the Catholic church, young Ilodibe was gifted £35 by one of the priests and he initially invested in motor spare parts trading. By the sixties, he pioneered the interstate luxury bus transport service; for years, he was the sole importer of these buses. After helping organize vehicles for the Biafran side during the civil war, he established the hugely popular Ekene Dili Chukwu Transport, his main cash cow and later diversified into brewery and agriculture. Ifeanyi Ubah: The flamboyant businessman funded parts of the Goodluck Jonathan campaign ahead of the 2015 presidential polls and unsuccessfully ran for the governorship of his home state, Anambra, in 2014. His wealth comes from investments in oil and gas, as well as exportation of motor spare parts and, recently, from sales of football players. In June 2015, Ubah – described by one Nigerian newspaper as ‘the new sugar daddy of Nigerian football’ – completed the purchase of Gabros FC for N500 million and renamed it Ifeanyi Ubah FC. Louis Onwugbenu: The head honcho of Louis Carter Industries dropped out of school in 1967 when the Nigerian civil war broke out. He got his nickname from weekly trips to Lagos to sell motor spare parts under the popular Carter Bridge in the city. His reinvested profits allowed him to diversify into manufacturing car batteries and pipe fittings, agriculture, food processing, real estate and, by the age of 30, he was already a naira multimillionaire. The headquarters of his conglomerate sits in the Carter Industrial Estate, spanning many acres in Nnewi. Obiajulu Uzodike: Nigeria is one of the foremost cable producers in the world due to many indigenous manufacturers across the southeast. One of the top cable companies is Cutix Nigeria, whose founder, Obiajulu Uzodike, cut his teeth in the business as a staff at a US-based aircraft and military wires and accessories company. By 1982, the Harvard Business School alumna and civil war veteran set up Cutix with N400,000 ($1,200), nurturing it to eventually become the first indigenous firm in the southeast to be listed on the Nigerian Stock Exchange. |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by Amarabae(f): 3:25pm On Aug 11, 2017 |
sangresan:chai. Just take am easy. The thread is too painful for you to bear. Why are forbes so wicked? 6 Likes 3 Shares |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by wumiadeye(m): 3:25pm On Aug 11, 2017 |
400billionman: Evans the billionaire kidnapping kingpin is from Nnewi |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by sangresan(m): 3:27pm On Aug 11, 2017 |
Amarabae: Why do you love fooling yourself?If you are a good writer,you will know a well-researched piece from a spun article. It is never an Igbo vs Yoruba debate like some jobless youths would have us believe...Egbejule is probably an Edo or Delta name. But he did a bad job.He should have travelled down to the town and ask around. To show that his article wasn't scrutinised, he only dropped the names of less than 8 of the so-called billionaires without giving us their worths.I can sit down and write that Owerri has more billionaires than Nnewi...How will you verify it? 1 Like |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by Amarabae(f): 3:28pm On Aug 11, 2017 |
wumiadeye:and Shina Rambo and Dr Oyenusi are from where? These are top 2 armed robbers in the history of Nigeria. 7 Likes 3 Shares |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by mofewilkie(m): 3:29pm On Aug 11, 2017 |
laudate: Sorry, i meant Henry. Louis Ojukwu sha had a rolls royce before he started business. Therefore, your claims are false 2 Likes |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by Eastfield1: 3:30pm On Aug 11, 2017 |
MayorofLagos:chief tribalist 6 Likes 1 Share
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Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by Amarabae(f): 3:31pm On Aug 11, 2017 |
sangresan:The wailing and weeping continues. Go and fight Forbes for this article and also take a sleeping tablet tonight,it will help you sleep tonight. The painment is unbearable. 7 Likes 3 Shares |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by laudate: 3:32pm On Aug 11, 2017 |
Amarabae: Hehehehe..... madam, you are the one crying here. Everyone can see it! See how you just confessed that you have been "gnashing your teeth," and suffering "painment.' Eeyah, accept my sympathy. Otherwise, you would not have made allusions to such emotions, if you had not been suffering from such feelings yourself. Now, try to get over it before you do yourself an injury, as you do not have proof to support your claims. Thank God, everyone can read. And they all know that articles published in Forbes, are not written by Forbes itself, but by various journalists. For your information, Forbes Magazine is published by Forbes Publishing Company, an arm of Forbes Media LLC. 4 Likes 1 Share |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by laudate: 3:35pm On Aug 11, 2017 |
mofewilkie:False, in what way? What year did Henry Fajemirokun buy his Rolls Royce, and what year did Louis Ojukwu buy his own, since you claim he had one? 1 Like |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by Nobody: 3:36pm On Aug 11, 2017 |
Nigeria has no hope if its youth are bigots and tribal warlords bent on humiliating and downgrading each other's achievements. I am proudly yoruba, born and raised in Kaduna, and I love my igbo brothers and wish them well, even in their quest for a homeland to call theirs. Let's not pretend that Nigeria is one, but we all have a common enemy who has been enslaving us for centuries, and will continue to do so wherever he finds us, whether in Nigeria or Biafra. 3 Likes |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by Amarabae(f): 3:37pm On Aug 11, 2017 |
laudate:You are the one I said that is weeping and gnashing teeth. I am a proud Igbo celebrating this news while you are pained here trying to soil everywhere with your tearz. Go and fight Forbes and stop disturbing us here. This news stamped by Forbes have gone far and wide where your ogbomosho media can Never Reach. Deal with it. 10 Likes 5 Shares |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by sangresan(m): 3:37pm On Aug 11, 2017 |
laudate:That gal has a problem...And I have noticed that some folks easily turn issues into ethnic debates. The piece was poorly written....When you are making allusions to wealth,you have to give an estimation... 1 Like |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by obiezed: 3:39pm On Aug 11, 2017 |
laudate:Amarabae,I gbugo anumpama,biko jie nwanyoo,nwannem. He had to go dig out the whole owner ship info of Forbes.pepperdem,lol. 5 Likes 3 Shares |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by wumiadeye(m): 3:39pm On Aug 11, 2017 |
Amarabae:Southwestern region, 1 from Edo the other from Oyo state, while billionaire Evans is from Small town Nnewi 2 Likes |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by XKZ(m): 3:39pm On Aug 11, 2017 |
laudate: Are you saying Forbes doesn't have an editorial policy? No standards? Any Mass Comm graduate can have an article published there? Like Nairaland? Doesn't the fact that they published it mean they endorse it? If someone has genuine grounds to question the article who would he sue? And if an apology or retraction is due who would be responsible? 4 Likes 1 Share |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by Amarabae(f): 3:39pm On Aug 11, 2017 |
sangresan:continue to wail. The painment must be too much for you to bear. Go and charge Forbes to court. 4 Likes 3 Shares |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by AnthonyAk(m): 3:40pm On Aug 11, 2017 |
Yes oh they have done well in the east with their own factories. Went to innosuns house....damn Anthony |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by Amarabae(f): 3:41pm On Aug 11, 2017 |
obiezed:Lolz. I am too smart for them to handle. 5 Likes 3 Shares |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by Amarabae(f): 3:44pm On Aug 11, 2017 |
Bidobado:Every Tribe came into this group and congratulated IGBOS Except One Tribe. Anything good about Igbos gives them nightmares. Very sadistic in nature and envious in character. Always obsessed with Igbos and behave like people with inferiority complex. 10 Likes 3 Shares |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by laudate: 3:46pm On Aug 11, 2017 |
XKZ:Nobody is saying that Forbes does not have an editorial policy. What is being said is that the writer failed to do adequate & comprehensive research on certain aspects of his article, before going to press. Was the article libellous? No. So nobody is going to sue. But errors such as the one the writer made, turned an article that could have been a well-researched intelligent record, into a fluffy PR piece. 3 Likes |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by laudate: 3:49pm On Aug 11, 2017 |
obiezed:Wow! And you just had to dish out this childish, clueless response. Now, why am I not surprised? It shows the level of your reasoning. 1 Like |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by InvertedHammer: 3:51pm On Aug 11, 2017 |
/ The most important part of the article is the part about £20 to every Igbo man irrespective of bank account balance. No tribe in the whole world can replicate what the Igbo people did. £20 x 10 == £200. Seize Otedola, Dangote and Adenuga's assets and money...givr then £200 each and in 1000 years they can never replicate what the Igbo business people did. Not just £20, the money was given when everyone hates every Igbo because of the war which ensured no government patronage was guaranteed. It is remarkable how quickly the wealth gap closed. The people that thought they had it were so broke in a few years that they sold almost all their lands to the ones that got pittances. Yet they have the effrontery to whine about it. Life is one complex adventure, I must admit. \ 9 Likes 3 Shares |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by IgboticGirl(f): 3:52pm On Aug 11, 2017 |
Amarabae: 2 Likes |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by XKZ(m): 3:52pm On Aug 11, 2017 |
laudate: To summarise your post – Forbes has an editorial policy that encourages poorly researched articles and fluffy PR pieces... 1 Like |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by laudate: 3:56pm On Aug 11, 2017 |
XKZ:Is that what you read in black & white in my post, or are you just being mischievous or hypocritical, and you want to put that spin on it? Which one? 3 Likes |
Re: NNEWI - The Small Town Of The Super Rich By Forbes Magazine by Daguccizgreat(m): 3:56pm On Aug 11, 2017 |
StOla:Why are you afonjas like this ? Always looking for a way to run others down. You guys are terrible.... 2 Likes |
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