Candido da Rocha, Alhassan Dantata and 3 Other Richest Nigerians of All Time & How They Made Their Money

Candido da Rocha, Alhassan Dantata and 3 Other Richest Nigerians of All Time & How They Made Their Money

Nigeria produced a lot of wealthy people in the past whose names still pop up during conversation in recent times despite the fact that they lived in pre-independence Nigeria, and takes a look at some of them.

1. Candido Da Rocha (1860 – 1959)

Candido Da Rocha was believed to be the first millionaire Nigeria ever produced. He was born in 1860 to Joao Esan Da Rocha, a former slave who returned from Brazil to build a business empire.

He was said to have laid water pipes from Iju to Lagos Island, Yaba, Ebute Metta and other areas where there were high demand for pipe-borne water.

Candio Da Rocha
Candio Da Rocha was said to be the first millionaire Nigeria has ever produced. Photo credit: National Sportslink
Source: UGC

2. Alhassan Dantata (1877 –1955)

In 1929, Dantata deposited 20-camel-loads of silver coins in the newly opened Kano branch of Bank of West Africa.

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Dantata, who was born in 1877, traded in groundnuts, kola, cattle, clothes, beads, precious stones, grains, ropes and other merchandise across the region, The Punch reports.

Alhassan Dantata
Alhassan Dantata was born in 1877. Photo credit: Leadership News Hausa
Source: UGC

3. Timothy Odutola (1902-1995)

Timothy Odutola was the first president of the Manufacturers Association of Nigeria (MAN). He was reported to have established a multimillion-dollar business empire before Nigeria gained her independence.

Timothy Odutola
Timothy Odutola established multimillion-dollar business empire before 1960. Photo credit: Asiri
Source: Facebook

4. Sir Mobolaji Bank-Anthony (1907 - 1991)

He was a former council president of the Lagos Stock Exchange. Sir Mobolaji Bank-Anthony was said to be a minority investor in Aero Contractors.

In 1931, he went into business, travelling to Germany and England to study how to make palm oil. He founded M. de Bank Brothers to trade in palm oil and patent medicine.

Sir Mobolaji Bank-Anthony
Sir Mobolaji Bank-Anthony was born on June 11 1907. Photo credit: Nigerian-American Chamber of Commerces
Source: UGC

5. Sir Louis Odumegwu-Ojukwu (1908 -1966)

Louis Odumegwu-Ojukwu was said to have been the first Nigerian billionaire. He was the founding president of the Nigerian Stock Exchange.

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Ojukwu was said to have made his fortune by importing dried fish, dealing in textiles, cement and transport.

Sir Louis Odumegwu-Ojukwu
Sir Louis Odumegwu-Ojukwu was the father of the Biafran warlord, Chukwuemeka Odumegwu-Ojukwu. Photo credit: BBC
Source: UGC

Dangote tops list of 7 richest people in Africa previously reported that Aliko Dangote topped the list of the seven richest people in Africa with a net worth of $12.1 billion (N4,608,527,000,000).

He founded Dangote Cement, the largest cement producer in Africa. The business mogul has a refinery that has been under construction since 2016 and is expected to be one of the world’s largest oil refineries once completed.

Dangote has been the richest person in Africa for many years.


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