Richest Men in Nnewi – Top 10 (updated)

‍Richest Men in Nnewi – Top 10 (Updated)

The vast majority of the richest individuals in Nigeria, particularly among the Igbo people group, come from Anambra State, situated in the southeastern part of the country. Among these, a critical number are from Nnewi, a town inside Anambra State.

1. Cletus Ibeto:
Cletus Ibeto is the chairman of Ibeto Group of Companies, with one of its branches being Ibeto Cement, notable in the southeastern district of Nigeria. He started by selling vehicle spare parts and at later became one of the richest men in Nigeria.

Cletus Ibeto

2. Innocent Chukwuma (Also known as Innoson Motors):

Dr. Innocent Chukwuma began as an extra parts merchant in 1981 and later settled as Innoson Motors, the first indigenous vehicle manufacturing/assembly plant in Nigeria. Most government vehicles in Nigeria are now supplied by Innoson Motors.

Innoson Chukwuma

3. Dr. Cosmas Maduka:

Dr. Cosmas Maduka is the pioneer behind Coscharis Group, which started as a private company in 1977. Today, it’s one of Nigeria’s biggest vehicle sales centers, managing brands like BMW, Jaguar, Range Rover, and Rolls-Royce.

Cosmas Maduka

4. Gabriel Chukwuma:

Gabriel Chukwuma, the brother of Innocent Chukwuma (founder of Innoson), owns luxury vehicles like the Toyota Hilux, Mercedes Benz S-Class, Toyota Land Cruiser, and Lexus LX470.

Gabriel Chukwuma

5. Augustine Ilodibe:
Augustine Ilodibe pioneered luxury interstate transport services in Nigeria and later diversified into brewery and agribusiness.

Augustine Ilodibe

6. Louis Onwugbenu:

Louis Onwugbenu started as a little broker selling fasteners and nuts and later expanded into the auto spare parts business. Today, he is known as Louis Carter because of his frequent trips from the East to Lagos to buy cruiser spare parts.

Louis Carter Onwugbenu

7. Obiajulu Uzodike:

Engr. Gilbert Obiajulu Uzodike is the founding Chairman/CEO of Cutix Plc, a successful manufacturer of electric and telecom cables.

Obiajulu Uzodike(Cutix Cables)

8. Ifeanyi Ubah:
Ifeanyi Ubah established Capital Oil and Gas limited and owns the Authority NewsPaper and Ifeanyi Ubah F.C. He is said to own two Rolls-Royce cars and a few SUVs.

Nnewi Billionaires
Dr. Ifeanyi Ubah

9. Alexander Chika Okafor:

Chief Alexander Chika Okafor established the Chicason Group of Companies, which incorporates A-Z Oil, known throughout Nigeria.

Chief Alexander Chika Okafor Photo Credit: Betaprices

10. Louis Odumegwu Ojukwu:

Louis Odumegwu Ojukwu, Nigeria’s first billionaire and business tycoon, made his fortune through various businesses including trading in dried fish, textiles, cement, and transport.

Sir Louis Ojukwu

Conclusion:
These are the top 10 wealthy individuals from Nnewi, Anambra State, Nigeria, who have made remarkable progress  in various fields and accumulated significant wealth over the years.