Nigeria Billionaire Oil Mogul, Capt. Hosa Okunbo, Is Dead
The Founder and Chairman of CPDC, which, in September 2019, signed “$875.75m alternative financing deal for the NPDC operated OML 65,” lost long battle with cancer few hours ago.
Capt Idahosa Okunbo, a billionaire oil mogul and Chairman of Ocean Marine Services Limited, is dead.
The oil mogul died after a long illness and battle with cancer.
Okunbo is the Founder and Chairman of CMES-OMS Petroleum Development Company (CPDC), which, in September 2019, signed “$875.75m alternative financing deal for the Nigerian Petroleum Development Company (NPDC) operated OML 65, Platforms Africa can report.
The charming gentleman who dabbled in politics in recent years died in London, United Kingdom at the age of 63.
The Boss newspaper, which reported this, quoted family sources.
“Though the cause of death is still sketchy, we were told that his passing may be related to the effects of his long battle with cancer,” the newspaper reported.
Idahosa Wells Okunbo was a business magnate, investor, philanthropist and trained commercial pilot.
Okunbo from Edo State had his primary education at Government Primary in Benin City, old Bendel State, now Edo State.
He proceeded to Federal Government College,Warri and studied at the Nigerian Civil Aviation Training Centre, Zaria, Kaduna State, and became a professional commercial pilot at the age of 21.
He also attended ACME School of Aeronautics, Fort Worth Texas in 1983, where he obtained an Airline Transport Pilot License.
Upon graduation, Okunbo became a professional commercial pilot, and was made a captain in 1983 at the age of 25.
He was a flight captain with Intercontinental Airlines for about two years, then was employed by Okada Airlines for three years. In 1988, he retired from piloting at the age of 30, having logged over 7,000 hours of flight time, and ventured into private business.
Okunbo established Hoslyn Ventures Nigeria Ltd. a company that was involved with procurement in the Nigerian petroleum sector and from their he began to flourish.
The Wells Carlton Hotel and Apartments, Abuja, Wells San-Carlos Agro Farms Ltd., which, in March 2016, unveiled a $750 million, 9,000-hectare (22,000-acre) farm intended to “create 85,000 jobs in Edo State.”
Ocean Marine Security Ltd, Westminster Security Solutions Nigeria Ltd, a franchise of Westminster Group Plc UK, of which he is major shareholder. and Wells Group of companies, which include Wells Dredging Ltd., Wells Property Development Company Ltd., and Wells Entertainments Ltd. – through which Okunbo financed the movie Black November.
