BIRTH NAME: Samuel Iwuajoku
NET WORTH: $700 Million Dollars
BIRTH DATE: Unknown
WEALTH SOURCE: Business (Quits Aviation Services)
Sam Iwuajoku Net Worth: Biography, Profile & Age
Sam Iwuajoku has an estimated net worth of $700 million dollars. He is a Nigerian business mogul and entrepreneur. He exploits business opportunities and seeks to add value where there’s none; that’s how he blew up into relevance today. Sam Iwuajoku is a graduate with a degree in Chemical Engineering from the University of California.
He’s very experienced in the Steel & Commodities industry. Sam Iwuajoku also has experience in Oil & Gas industry and is the director of Unigate Investment Ltd., Steelman Nigeria Ltd., Corporate Oil and Gas Ltd., and Intercity Commodities Ltd.
In the 1990s, Sam Iwuajoku purchased a Hawker 800 Business Jet and since become an operator of Aviation construction and services. Sam Iwuajoku also operates a world-class general aviation service in Lagos State, Nigeria which is the first and only world-class aviation services facility in the State.
In 2008, he founded Quits Aviation Services Ltd., and in 2011, he founded an infrastructural development company now known as Afri Infrastructure Development Ltd. At a time, Sam Iwuajoku was the 7th richest man in Nigeria, and the 39th richest African.
He is a friend of Aliko Dangote (currently the richest African officially and CEO of Dangote Group). The intelligent Nigerian entrepreneur (Sam Iwuajoku) was listed by Forbes Magazine as one of the 10 Unknown Multimillionaires in Nigeria.
Operating the chairmanship position of Corporate Oil & Gas in 2008, Sam Iwuajoku led an executive management team of 22 staff from Dubai World to Abuja where they planned with the then Nigerian president, Umaru Musa Yar’Adua, and contemplated on an investment of $5 billion dollars by the Dubai World into the economy of Nigeria. The team from Dubai World was headed by Mr Sultan Ahmed Bin Sulayem.
The investment would suffice funds for the construction of a new seaport in Lagos State, the construction of a new satellite city in Abuja, construction of a refinery and petrochemical plant and lastly, the building of hotels and powerplants. This plan must have been dissolved totally as the President with whom the development strategy was planned passed away in 2010 after a prolonged illness.
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