Hosa Okunbo Biography
Hosa Wells Okunbo (born 7 January 1958, died 8 August 2021) was a Nigerian business entrepreneur, businessman, philanthropist, and skilled commercial pilot who died on August 8, 2021. He is a Nigerian Billionaire.
Hosa Okunbo was born in the Nigerian state of Edo, in the southern part of Nigeria. Reverend Robert Amos Okunbo, a priest, teacher, and community leader, raised him in Benin City. His state of origin is also Edo state.
|Name||Hosa Wells Okunbo|
|Date of Birth||7 January 1958|
|Age||63 years (2021)|
|State of Origin||Edo state|
|Date of Death||7th August 2021|
|Profession/Occupation||Captain, Oil & Gas Investor, Entrepreneur|
|Net worth||$75 million|
|Cause of Death||Pancreatic Cancer|
Hosa Okunbo Education
Okunbo attended Government Primary School in Benin City, old Bendel State, now Edo State, for his primary education. In 1971, he enrolled at Federal Government College in Warri and took the West African Senior School Certificate Examination. Okunbo spoke English fluently and was a native speaker of the Edo language.
Okunbo studied at the Nigerian Civil Aviation Training Centre in Zaria, Kaduna State, to pursue his dream of becoming a pilot, and at the age of 21 he became a professional commercial pilot. In 1983, he also graduated from the ACME School of Aeronautics in Fort Worth, Texas, with an Airline Transport Pilot License.
Hosa Okunbo Net worth
Before his death in 2021, Captain Hosa Okunbo had a net worth of $75 million. He was a Nigerian billionaire and made most of his money from investments in the oil and gas sector, maritime industry and other business ventures.
Hosa Okunbo Career
He sat on various firm boards in Nigeria, including those in the agro-allied, petroleum, telecommunications, electricity, real estate, and banking industries, as either chairman or director.
Okunbo went on to work as a commercial pilot after graduation, and at the age of 25, he was promoted to captain.
He spent two years as a flight captain with Intercontinental Airlines and then three years with Okada Airlines. At the age of 30, he retired from flying after logging over 7,000 hours of flight experience and went into private business.
Okunbo founded Hoslyn Ventures Nigeria Ltd., a company that specialized in petroleum procurement in Nigeria.
Okunbo founded and served as chairman of the following Nigerian businesses:
The CMES-OMS Petroleum Development Company (CPDC) inked a “$875.75 million alternative finance contract for the Nigerian Petroleum Development Company (NPDC) controlled OML 65” in September 2019.
He was the founder and chairman of a group of companies that included;
- Wells San-Carlos Agro Farms Ltd., which revealed a $750 million, 9,000-hectare (22,000-acre) farm in Edo State in March 2016 with the goal of “creating 85,000 jobs.”
- Ocean Marine Security Ltd., an offshore asset-protection firm, provides services to major oil firms in Nigeria, notably the Nigerian National Petroleum Corporation (NNPC).
- The Escravos–Warri Crude Pipeline, which runs 46 kilometers (29 miles), was recently inaugurated by Nigeria’s Minister of State for Petroleum, Emmanuel Ibe Kachikwu.
- He is a key shareholder in Westminster Security Solutions Nigeria Ltd, a franchise of Westminster Group Plc UK.
- Wells Dredging Ltd., Wells Property Development Company Ltd., and Wells Entertainments Ltd. are among the Wells Group of enterprises, through which Okunbo financed the film Black November.
- Nigeria’s first marine tankers are owned by Ocean Marine Solutions Tankers Ltd.
- Hoslyn Habitat Ltd. is a company that specializes in design, building, and landscaping.
- Gyro Air Ltd. is a company that specializes in charter flights.
Hosa Okunbo Awards
- Okunbo received the Global Peace Award from the chairman of the Order of Lafayette Awards on Saturday, September 21, 2019, in Geneva, Switzerland, “in appreciation of his achievements in global peace and commercial breakthroughs.”
- He was named Businessman of the Year at the 2016 Vanguard Personality of the Year Awards in March 2017.
- In 2012, Okunbo won the Africa Titans Award from the United States Congress, in partnership with the African Society Summit, for “strides on behalf of Africa in the world arena.”
- Okunbo received an honorary Doctor of Science degree from the University of Benin in November 2012.
- In March 2016, Okumba received the “Worthy Ambassador of Unity Award” as an old student of the Federal Government College in Warri
- Oba Erediauwa, the Edo people’s traditional monarch in Edo State, presented Okunbo with “the ‘Traditional Beads’ for being a respectable son of the ancient Kingdom” on October 2, 2014.
Hosa Okunbo Death
Okunbo died on August 8, 2021, after being married for 11 years and having 11 children. He died in London on Saturday, August 7th 2021 after a long battle with Pancreatic Cancer.