Ernest Azudialu Obiejesi Biography, Private Jet Career, Cars & Net Worth

Dr Ernest Azudialu-Obiejesi is one of the notable movers and shakers of the Nigerian Corporate field, spearheading business developments and innovations in Nigeria and across Africa. He is the boss in charge of various business ventures situated within the country, and his contribution to the Business space in Nigeria has gotten him the title of Corporate Titan.

While the business mogul and CEO is known for his many successful business endeavours, in this article, we shed more light on the cars and the net worth of Ernest Azudialu-Obiejesi.

Ernest Azudialu-Obiejesi Biography

Dr. Ernest Azudialu-Obiejesi was born on the 17th of April, 1960 in Okija, Anambra State, which was where he also spent the early years of his life. He started his Primary education at St. Johns School Fegge, Onitsha before the Civil War started in 1967, and cut his schooling short for 3 years. After the war, he returned to school at New Bethel Primary School in Onitsha. In 1973, he graduated and moved over to Dennis Memorial Grammar School, Onitsha, where he did a five-year secondary education. After which, he proceeded to Government College, Owerri, Imo State, where he obtained a Higher School Certificate.

After his HSC, he went on to learn trade, while working with his father at the family’s trading company, DA Ifeanyi & Brothers Trading Company–his first exposure to the world of business. However, he returned to school for his Bachelor’s degree in Accountancy and a Master’s Degree in Business Administration at the University of Benin, Edo.

Ernest Azudialu-Obiejesi Career

In 1983, he founded his first business, Obijackson West Africa Limited–a trading business that engaged in direct procurement from overseas suppliers and manufacturers of household goods and consumables, engineering and carpentry tools, cosmetics, and beauty products, across the West Coast of Africa. The Company had offices across Lagos, Onitsha, Aba, Maiduguri, and Cotonou.

In 1990, he founded Nestoil. Speaking about the business in 2019, he noted that the company was founded “not so much as a grand vision that saw the need for Africans and indeed Nigerians to play a leading role in the oil and gas ecosystem.”

Today, Nestoil has grown from a company of 10 into a company of 3,000 staff and moved from a single-room office in Idumagbo Avenue in Lagos Island to a Conglomerate with services spanning oil and gas pipeline construction, pressure vessel manufacturing, civil construction works, dredging, horizontal directional drilling, major steel fabrication, aviation, exploration and production, drilling, and engineering.

Nestoil is now the biggest Nigerian company involved in exploration and production, engineering procurement construction and commissioning (EPCC), and another of Azudialu-Obiejesi’s companies, Century Power Generation developed a 1500MW gas-fired power plant in Okija, Anambra State.

Today, Ernest Nnaemeka Azudialu-Obiejesi the businessperson who has been at the helm of 12 different companies and currently is

• Chairman of Watertown Energy Ltd.,
• Chairman of Smile Telecoms Holdings Ltd.,
• Chairman at The Neconde Energy Ltd.,
• Chairman of Nestoil Plc,
• Chairman for B & O Dredging Ltd.,
• Executive Chairman of Energy Works Technology Ltd.,
• Chairman for Royaloak Hydrocarbon Ltd.,
• Chairman of Hammakopp Consortium Ltd.,
• Chairman for Impact Oil & Gas Engineering Ltd.,
• Chairman for Obijackson Foundation,
• Chief Executive Officer for B&Q Dredging & Marine Logistics Ltd and President,
• Chief Executive Officer & Director at Nestoil Ltd.
• Dr Azudialu-Obiejesi is also on the board of Julius Berger Nigeria Plc.

Ernest Azudialu-Obiejesi owns the following seven assets:

1. Neconde Exploration and Production Limited: Neconde Exploration and Production Limited, established in Lagos on October 19, 2011, stands as a cornerstone in Nigeria’s oil and gas sector. Operating as an independent entity, Neconde is dedicated to acquiring and developing valuable petroleum assets. The company secured a substantial 45-percent stake in OML 42, an esteemed oil mining license nestled in the Niger Delta, through a triumphant bid of $585 million. 
2. Interwamaco Limited: Interwamaco Limited, established on Oct. 17, 2011, in Lagos, Nigeria, has emerged as a leading force in waste management services. Specializing in the responsible collection, transportation, disposal (via landfill), and temporary storage of domestic, commercial, and industrial waste, Interwamaco plays a crucial role in upholding environmental sustainability and cleanliness within the region.
3. Nestoil Upstream: Nestoil, a Nigerian enterprise established in 1999, boldly reshapes industry norms by revolutionizing pipeline construction, maintenance, and repair standards. With an adept workforce exceeding 2000 professionals, Nestoil’s influence reverberates across diverse sectors. The company’s expertise extends beyond pipelines, encompassing vital operations such as dredging, river crossings, and shoreline protection. This holistic approach underscores Nestoil’s unwavering commitment to innovation and excellence.
4. Nesto Aviation Services Limited: Founded in August 2013, Nesto Aviation Services (NestAv) soars as the aviation arm of the esteemed Obijackson Group, providing secure air travel both domestically and beyond Nigeria’s borders. Specializing in Fixed and Rotary Wing flight solutions, NestAv serves VIPs, corporations, and non-scheduled clients. Moreover, NestAv plays a pivotal role in supporting offshore oil and gas logistics, underscoring its integral position within Nigeria’s oil sector.
5. Smile Communications Nigeria Limited: Smile Communications Nigeria Limited, an entity under the umbrella of Mauritius-based Smile Telecoms Holdings Limited (Smile Group), sparks transformation through pioneering 4G LTE mobile broadband networks across Nigeria, Tanzania, and Uganda. With speeds reaching an impressive 21Mbps, Smile empowers users with rapid data access, propelling these regions toward development and prosperity by connecting millions with optimal broadband and voice services.
6. Julius Berger Nigeria Plc: For more than five decades, Julius Berger Nigeria Plc has stood as a paragon of expertise within the construction sector. With a rich history dating back to the inception of Lagos’ Eko Bridge in August 1965, the company’s comprehensive services span planning, design, engineering, construction, operation, and maintenance. A stalwart presence on the Nigerian Stock Exchange since 1991, Julius Berger’s diverse workforce of 18,000 professionals hailing from nearly 40 nations epitomizes its role as a global and local force in building and civil engineering endeavors.
7. Energy Works Technology (EWT): Energy Works Technology, a private entity established in 1999, is notable in Nigeria’s and West Africa’s industrial fabric. From its origins as a light-duty fabricator, EWT’s evolution into a paramount Process Equipment Manufacturer, Steel fabricator, and Oil and Gas EPCI service provider underscores its ascent as a pivotal supplier of essential industry components. This evolution mirrors its dedication to innovation and Nigeria’s ascendancy in the global energy market. EWT’s accomplishments are linked to its transformative role in shaping West Africa’s industrial landscape.

Ernest Azudialu-Obiejesi Cars

Ernest Azudialu-Obiejesi, the man who turned his hometown of Okija, Anambra into a modern city owns vehicles that include various Mercedes-Benz G-Wagon and Rolls-Royces.

• Mercedes-Benz G-Wagon

The Mercedes-Benz G-Wagon is known as the luxury performance vehicle mostly purchased and driven by the wealthy. This vehicle has an exquisite interior and an exterior with a box-like look that performs excellently on-road and off-road. What the G-Wagon lacks in fuel economy, it makes up for in luxury and comfort.

• The Roll-Royce

Rolls-Royce is described as the ultimate luxury vehicle for the ultra-wealthy in society. As a member of the 1% of the 1% in Nigeria, Dr. Ernest owns a couple of Rolls-Royce vehicles which he drives. The Rolls-Royce is equally described as an old money car, which means, it’s a vehicle at the peak of luxury that is only attainable by those who have generational wealth.

Dr Ernest is also a proud owner of a helicopter, one of the convenience vehicles for many wealthy Nigerians, as it helps them skip the Lagos traffic and get to their desired location on time.

In 2021, the billionaire business mogul also purchased a brand new car for the Nnewi Anglican Priest.

How Nigerian businessman set to complete the purchase of a N60 billion luxury jet Gulfstream G-700 jet

Ernest Azudialu-Obiejesi, the Chairman and CEO of Nestoil Group, a prominent Nigerian oil conglomerate, is poised to finalize the acquisition of a Gulfstream G-700 jet valued at $76 million from the manufacturer located in Georgia, United States.

Furthermore, Mr. Azudialu-Obiejesi and his oil company are actively strategizing to expand their business operations with American companies in several states across the United States, including Georgia, Texas, Louisiana, and California, among others. This strategic initiative is well-documented.

Ernest Azudialu-Obiejesi Net Worth

Speaking of generational wealth, Dr. Ernest Azudialu who comes from a well-off family, but carved a remarkable path for himself and those coming after him has an estimated net worth of $2.3 billion.