5 Richest Igbo Men in the Automobile Industry
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African CEOs - July 3, 2023

5 Richest Igbo Men in the Automobile Industry

In the automobile industry, the Igbo people of Nigeria are creating a name for themselves as astute businessmen and trailblazers. 

These men embody the spirit of entrepreneurial drive and innovation, making significant contributions to the growth and development of the Igbo presence in the automobile industry.

With their unique contributions and success stories, these individuals stand as some of the richest in the industry. This article will explore the lives of these men and spotlight what they represent. Let’s get started.

Cosmas Maduka

After being wrongly dismissed with the sum of N200 by his uncle, Cosmas Maduka started a spare parts company known as CosDave with his friend. The startup failed sooner than expected. Maduka went on to establish Coscharis Group with the sum of three hundred nairas (N300). 

Birthed in 1977 with a focus on the importation and distribution of genuine automotive spare parts, accessories for Japanese vehicles and several kinds of automobile-related products, Coscharis group has ventured into various sectors of the economy.

Maduka, who has amassed so much wealth from the automobile business made his first million at age 24.

Emmanuel Ojei

Emmanuel Ojei is known to sell Mazda brand of auto motors in Nigeria and West Africa. According to reports, Emmanuel worked as a Sales Executive at Rutam Motors Ltd, owned by the Ibru family. He is the founder and Chairman of Nuel Ojei Holding Limited.

His group focuses on automobile distribution; banking; insurance; construction and telecommunications. Ojei’s interests also subsume oil and gas; solid minerals; telecommunications; safety and security, as well as shipping and shipbuilding. 

Innocent Chukwuma

Another rich Igbo man in the automobile industry is Innocent Chukwuma, the founder of Innoson Group. Described as a true visionary in the Nigerian automobile industry, Innocent dropped out of school to spearhead the production of indigenous vehicles, revolutionizing the landscape of automotive manufacturing in Nigeria. 

Through his relentless pursuit of excellence and innovation, Chukwuma has cemented his position as a key player in the industry, creating job opportunities and contributing to the nation’s economic growth.

Chukwuma was the first person to introduce the Jingcheng brand motorcycle into Nigeria. 

Andrew Okocha

Chief Andrew Okocha established A.C. Okocha Motors when he started importing cheap cars from Cotonou, Benin Republic, and reselling them in Nigeria. Okocha began the car business with just one car. His company made contact with major dealers like Abusi Edumare, R.t Briscoe and SCOA to get vehicles for sale.

He continued rallying around other brands until he was recognised by Peugeot. The recognition fetched him a deal that made him a distributor of Peugeot vehicles in Nigeria. His company has an integrated workshop that handles brands like Toyota and Nissan. 

Ikenna Ordor

Ikenna Ordor is another Igbo man that owns and heads Starr Luxury Cars. Based in the UK, the luxury car hire company was established when clients of his entertainment outfit began to request luxury transportation and lifestyles.

Ordor’s company provides various services including chauffeur-driven Lamborginis, helicopter rides over London, and meet and greets with F1 racers. 

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