Nigerian Entrepreneurs

Full Name: Jimoh Ibrahim.
Date of Birth: February 24, 1967.
Place of Birth: Okitipupa, Ondo State, Nigeria
Net Worth: $1.1B
Nationality: Nigerian
Source Of Wealth: Insurance, Hospitality, Transportation.
Marrital Status: Married.
Education: Master of Laws (LLM), Masters In International Taxation. Harvard University.
Language: Yoruba and English


EARLY LIFE

Chief (Dr. ) Jimoh Ibrahim was born Jimoh Ibrahim February 24, 1967 by Alhaji Yakubu and Omofemiwa Jimoh in Igbotako in Okitipupa, Ondo State, into a family of seven wives and 40 children, his father, a bricklayer and his mother a local fish seller.

EDUCATION

He had his early education at Community Grammar School, Igbotako and moved to Federal School of Arts and Science, Ondo. He proceeded to study Law at Lagos State University and later changed to Obafemi Awolowo University, Ile-Ife, in Osun State, for a degree in International Law and Masters in Public Administration.He also obtained a Masters degree in Economic and International Tax at Harvard University.
He worked as a Consultant to the International Monetary Fund (IMF) on tax reforms in Croatia and Estonia. He was also part of the Harvard team that went to Bangladesh to build the tax reforms.

With seven lawyers in his Law and Justice Chambers, he practiced Law for six years, appearing in various courts from the magistrate to the Supreme Court. He authored Indigenous Governance in Nigeria and published two volumes on Mohammed Bello.

He was a Special Adviser to the first Military Administrator of Bayelsa State, a member of the exclusive Federation Account Allocation Committee and was Chairman of FAAC News, the first monthly magazine that published the activities of that Committee. He was Executive Secretary, African Center for Policy Studies; consultant to various bodies and multilateral institutions; Chairman Global Fleet Companies and Group Managing Director, NICON Group.

While growing up, Jimoh claimed he got petty contracts and used some of his father’s bricklaying materials to execute them. He started making his millions in his mid 20s.

POLITICAL LIFE

In politics, Jimoh is as controversial as in business. He recently pitch tent with the Peoples Democratic Party (PDP), to boost the dispirited followers of the party, though he refused to declare his political ambition. The Ondo State wing of the Peoples Democratic Party (PDP) have been bedeviled with series of crises since the Labour Party defeated, leaving PDP with depleted membership fold, as its members defecting to Labour Party.

He was the gubernatorial candidate of All Nigeria Peoples Party (ANPP) in the 2003 General Election. Reasons behind his defection to PDP were justified because he had benefitted immensely from the PDP government, both at the Federal and State level.
At State level he bought the State owned Owena Motels and at Federal appointed the Chairman of Corporate Affairs Commission (CAC) and also acquires several other companies through the influence of PDP.

BUSINESS INTERESTS

Air Nigeria – Lagos, Nigeria – Formerly Virgin Nigeria
NICON Insurance – Lagos, Nigeria
Nigeria Reinsurance Corporation – Lagos, Nigeria
NICON Luxury Hotel – Abuja, Nigeria – Formerly Le’ Meridien Hotel
Global Fleet Oil & Gas – A chain of gasoline stations.
The NICON Group – Lagos, Nigeria – Holdings include investment companies, schools, real estate holdings, transport companies and others.
Global Fleet Building – Lagos, Nigeria – Formerly Allied Bank Building.
Meidan Hotel – Lagos, Nigeria.
Global Fleet Industries – Lagos, Nigeria – Formerly HFP Industries Limited.
Energy Bank – Accra, Ghana – A new commercial bank in Ghana, started operations in February 2011.
Oceanic Bank S�o Tom� – S�o Tom�, S�o Tom� and Pr�ncipe – Commercial bank purchased from Oceanic Bank in May 2011.
Newswatch Magazine – Lagos, Nigeria.