FirstMonie! Yaba to Yobe

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Extremely Rich Nigerians Without Degrees

Even without University degrees these super rich Nigerians stands out.

The clearly showed their never say die Nigerian spirit and against all odds,  they are in the list of extremely rich Nigerians.


Alhaji Chief Arisekola Alao is from a humble beginning, he joined his uncle as an apprentice in Gbagi market, Ibadan in 1960. Alhaji Abdulazeez Arisekola Alao, from there, has risen to become one of the richest businessmen in Nigeria. He has a business empire that spans automobile oil and gas, real estate and others, which he achieved with little education. The Aare Musulumi of Nigeria was born in 1945 to Abdul Raheem Alao and Olatutu Alao. The only school he attended was St. Luke ' s Primary School, Adigun, Ibadan, Oyo State and later, an Arabic school.

By the time he left his uncle years later, he had been equipped with the required business acumen enough to keep him going, focusing on auto sales, flour mills and oil marketing.

Through his Lister brand, he later developed interest in real estate, insurance, banking and publishing. 

His fortunes multiplied during the military era when he became a supplier of vehicles to government establishments and food to ECOMOG soldiers.


Chief Chidi Anyaegbu ' s childhood philosophy was, ' business training better than education because one can be very educated in school, but when you graduate and want to practice, it ' s totally different from the theories learnt in school.

The transport magnate and the force behind Chisco Motors built his business empire with this in mind, and because his parents couldn ' t afford to take care of his university education, all they wanted from him was to marry at an early age. The Anambra born man of means desired also to focus on attaining a certain level of success so that his friends who went to the university could see that he did not miss anything by not furthering his education. Today, most of his childhood friends, who are more educated than him enjoy his benevolence, while some others were later seeking employment in his establishment. 


Alhaji Ahmed Onibudo, a Lagos – based businessman and owner of the popular Lekki Peninsula Resort, was once a newspaper vendor, an electrician and a local printer. The only education he had stopped at Standard VI and that was made possible by the late Chief Obafemi Awolowo ' s free primary education policy. Born on December 30,1939 in Lagos, his father, Wahab Onibudo, was a mechanic and his mother, Akanke Kehinde, a petty trader. They didn ' t stay together for long which forced him to relocate to his grandmother ' s house from where he learnt enterprise and hard work, which he imbibed to rise to prominence and wealth.


The story of Alhaji Razaq Akanni Okoya is that of  rags to riches. The mogul, who is the chairman of Eleganza Industries, is a self - made billionaire and without any education. In fact, he quit schooling earlier in life to pursue his dream of becoming a successful businessman.

From helping his late father in his shop, the man of means set up himself by selling baby shoes, earrings at Oke Arin market, Lagos, later becoming a big time merchant in household goods before setting up his own factory where some of these goods are now made. Today, the Aare of Lagos is one of the richest men in Nigeria. He has properties in different parts of Lagos and lives in luxury. His Oluwa Ni Sola Estate, along Lekki Ajah Expressway (Lagos) is a statement in opulence, Another of his cash cows, the Eleganza Gardens and Shopping Mall in Ajah, also points to the fact that the wealthy businessman has been abundantly blessed by the Almighty.


The man, popularly called The Prince of Commerce, has multiplied in fortune with just a small amount. His Doyin Group of Companies is a pointer to that fact. From distributing bags to producing them himself, the Agbamu, Kwara State born mogul has built a business conglomerate that spans medicine, household goods and foods.

Prince Samuel Adedoyin said the secret of his success, even without being educated, is focus. " I think it ' s because I am focused in what I do, or that God helped me to be focused. "


Unarguably one of Nigeria ' s richest auto dealers, Maduka had a very poor background. The death of his father also denied him any access to education, but did not deter his penchant for making and multiplying money. The Nnewi, Anambra State born businessman started hawking petty articles for his mother and later served as an apprentice, from where he delved into the importation of motorcycles and motor spare parts.
 Today, his establishment, Coscharis Group, has several subsidiaries. The mogul is married to Mrs. Charity Maduka and they are blessed with five children.


Jay Jay Okoca is a retired footballer who has made enormous wealth playing the round leather game. Without any university degree, the father of two children has built a business empire that spans hospitality and real estate. Since no education is required before you can play football, the former Super Eagles captain honed his skills on the field and became a darling of high paying European club sides. Jay Jay started playing for Enugu Rangers, the club of his place of birth years ago.

His exploits on the international scene saw him play for clubs like Eintracht Franfurt of Germany, Fenerbache of Turkey, Bolton Wanderers and Hull City of England. 

His laurels include the 1994 African Cup of Nations and the 1996 Olympic football gold. He also appeared in the 1994, 1998 and 2002 World Cups.

KANU NWANKWO Kanu Nwankwo is the most successful soccer star to have come out of the African continent until George Weah became the President of Liberia. He has won all there is in football, except the World Cup. He achieved all that with his sterling football skills and no university degree. 

He has also built an enviable business empire for himself spanning photography, hospitality and real estate. The soccer star, married to Amarachi and blessed with two children, last  played for an English lower division clubside, Portsmouth before his retirement. 

He had earlier played for Arsenal, West Bromwich Albion, all in the English premier league Ajax Amsterdam, Inter Milan where it was discovered he had a heart related ailment.

Just as everyone had given up on him, the striker bounced back after a successful heart surgery which later informed his establishing the Kanu Heart Foundation, which has helped indigent children with heart surgeries abroad.


Chief Vincent Obianodo is the chairman of Young Shall Grow Motors Limited, a solely owned indigenous Nigerian company. The company commenced business in 1972 as a mini bus transport operator, plying Enugu - Onitsha and today, it has almost 1,000 vehicles plying different routes across the West African region. 

With no university degree, the owner, Chief Vincent Amaechi Obianodo, from Anambra State, also has other money yielding ventures under his wime


Foremost industrialist Otunba Matthew Jolyami is a silent millionaire. At over 70 years, the wealthy businessman and owner of Daily Needs Industries is still counting his blessings and thanking his Creator for the path he has chosen for himself.

Born in 1940, Jolayemi was a local farmer until he relocated to Lagos, from Kwara State. He took up hawking and street trading and at some point became a househelp. 

His contact with Alhaja Folorunsho Akosile, who deal in patent medicine, opened doors for him as he established Daily Needs Chemist at Idumota, Lagos. 

The company which has now grown to become one of the biggest corporate citizens of Nigeria, transported him to the league of the super rich and famous Nigerians.

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