NIGERIAN BILLIONAIRE

Nigerian energy mogul Ernest Azudialu-Obiejesi is poised to solidify his status as a prominent player in the international business arena with the imminent acquisition of a $76-million Gulfstream G-700 jet from the manufacturer in Georgia, United States.

As he prepares to finalize this high-profile transaction, Azudialu-Obiejesi, the CEO and founder of Nestoil Group, a leading oil conglomerate and Engineering, Procurement, Construction, and Commissioning (EPCC) enterprise in Nigeria’s oil and gas sector, is set to enhance his global presence.

Azudialu-Obiejesi’s decision to procure the G-700 aircraft underscores his commitment to building a world-class energy conglomerate.

The move follows a strategic move made by Nestoil in November 2022, when one of its subsidiaries signed a letter of intent to purchase the G-700 aircraft.

This development is part of a broader effort by Azudialu-Obiejesi and Nestoil to expand their engagement with American businesses.

The businessman is actively pursuing partnerships and collaborations in Georgia, Texas, Louisiana, California, and other states across the United States.

These initiatives aim to foster mutually beneficial relationships between Nestoil and U.S. enterprises, solidifying the company’s international presence.

Upon the successful completion of the advanced-stage deal, Azudialu-Obiejesi and Nestoil will join an exclusive group of global elites as one of the first buyers of the luxury Gulfstream G-700 jet.

This acquisition represents a significant step towards operational efficiency for Nestoil, as the company presently relies heavily on an older Gulfstream jet. Alongside the purchase price of the new aircraft, the company has expended a substantial $31 million on parts, maintenance, and management for its existing jet.

Azudialu-Obiejesi‘s influence extends far beyond Nigeria’s energy sector. As the chairman and CEO of Nestoil, he plays a pivotal role in a diverse range of endeavors, contributing to the growth and diversification of Nigeria’s business landscape.

Azudialu-Obiejesi has earned a reputation for his extravagant tastes, particularly his passion for aircraft and his penchant for acquiring private jets and high-end automobiles. This latest acquisition reflects his unwavering commitment to excellence and innovation.

Notably, during the inauguration of the Anambra State Airport in 2021, Azudialu-Obiejesi’s private jet was the third aircraft to land at the facility, further exemplifying his prominent position in Nigeria’s business and aviation circles.

SOURCE; BILLIONAIRES.AFRICA

San Francisco and Lagos-based fintech giant Flutterwave, led by Nigerian tech billionaire Olugbenga Agboola, has unveiled plans to inject $50 million into Kenya, fueled by mounting confidence in the imminent issuance of its operating license in the country.

Flutterwave CEO and Co-Founder Olugbenga Agboola disclosed this strategic move in a recent media interview held in Nairobi. The announcement comes hot on Flutterwave’s declaration of its mission to transform Africa’s sluggish payments landscape, with an ambitious expansion into the Indian market.

Agboola, during the interview, stated: “We are committing no less than $50 million to this endeavour. We are actively recruiting talent, securing new office space, and bolstering our infrastructure. There is substantial potential in Kenya, and we are thrilled to be progressing through the approval process. We persevered even when faced with challenges. The current administration has been very supportive.”

When asked about the timeline for commencing operations in Kenya, Agboola expressed great optimism, saying, “We are highly confident about Kenya, and once the license is granted, our team in the country is prepared to spring into action the very next day.”

In 2016, Agboola embarked on a transformative journey by founding Flutterwave, a tech company that employs rapid integration to unlock opportunities for African businesses and customers. With headquarters in San Francisco and Lagos, Flutterwave, led by Agboola, stands as a shining example of global success in the African fintech sector.

The company has made significant strides this year, expanding its operations into Rwanda and Egypt, marking a giant leap toward its mission of revolutionizing Africa’s payments landscape. Furthermore, Flutterwave recently entered a pivotal partnership with IndusInd Bank Ltd., one of India’s leading financial services providers.

Earlier this year, Flutterwave extended its global reach through a technological collaboration with Microsoft, the multinational tech corporation co-founded by U.S. billionaires Bill Gates and Paul Allen.

In addition to its partnership with IndusInd Bank, a Mumbai-based financial services provider serving 35 million customers, Flutterwave has inked an agreement with Capgemini, a prominent French IT service management company.

The partnership aims to reinforce Flutterwave’s engineering infrastructure, further strengthening its position in the fintech industry.

Source; billionaires.africa

Nigerian business mogul Ernest Azudialu-Obiejesi orders $76-million luxury jet

Nigerian billionaire Olugbenga Agboola’s Flutterwave to invest $50-million in Kenya