Boss Picks
People’s Billionaire, Razak Akanni Okoya, Revels at 80
Published
6 years agoon
By
Eric
By Eric Elezuo
When men of timbre and calibre are counted, the name Razak Akanni Okoya will be prominent on the list. This is because the billionaire businessman, whose stock and trade is humanity, has primarily become the peoples general considering his philanthropic gestures, unassuming personality and not forgetting his kind mien.
Oko Shade, as most eulogists would like to fondly address him, in reference to his beautiful last wife, is a man who has achieved milestones after milestones, creating a niche for himself and for generations to come through a dint of hard work, culminating in the birth and sustenance of the formidable Eleganza Group.
Today, the man of means, humble background, father to wave makers and husband to the beautiful and glamorous Shade, has clocked 80, and he is not keeping quiet about it.
Weeks earlier, a grand preparation had been made for the high octane society fiesta with the exhibition of the one in town invitation card. On her official Instagram handle, Shade presented a short video of the cards which came in various compartments including access, meal and gift pick up cards carved in gold, cream and brown colours. She concluded the message with “The Okoya family look forward to celebrating this special occasion with you”.
Born January 12, 1940, in Lagos, Chief Razak Akanni Okoya, a business man of no mean repute as well as Aare of Lagos, have seen all there is to see, and continue to hold his head high in triumph. He was educated at Ansar-un-deen Primary School, Oke popo, Lagos. He is the owner and founder of Eleganza group of companies, which has a market spanning Western Africa.
Razak Okoya, as he is known, was born to the family of Tiamiyu Ayinde Okoya in Lagos, under whose tutelage he mastered the art of tailoring and sales of tailoring accessories. Little wonder his first career endeavour was tailoring. He combined the values his parents taught with dexterity and prudence, and saved every penny he made until he had 20 pounds. With an extra 50 pounds gift from his mother, and blessings from his father, he launched into the world of importation, and that tells the story of his meteoric rise in the world of trading.

A man of vision, he didn’t stop there, Okoya continually looked out for glimpses of opportunity to take advantage of, and that was when he realised that medals used in designing costly jewellery were readily available in Nigeria, and cheap too. He therefore, travelled abroad and bought the machines for cutting, and that was how Eleganza Jewellery came to be. With his Midas touch, the business grew in leaps and bounds, and they could hardly keep up with the demand because, the products were beautiful, durable and cheap.
Gathering more impetus, Okoya delved into more endeavours, travelled far and wide, learnt how things were manufactured and began the importation of shoes in large quantities, subsequently.
Like everything has a cause and effect, Razak Okoya later began the manufacturing of shoes himself when after placing orders for his consignments from Italy, it was not delivered in spite of his payment. To his disappointment, he realised on travelling to Italy that his money has been channeled to other things. He was so angry that he took a decision there and then to start manufacturing his own shoes. He imported all the machines and brought in some experts who trained his workers.
Chief Okoya phenomenal growth in the world of entrepreneurship could well be attributed to his ability to make a decision early in life. He has been quoted as saying that “In school, I could see my teacher in worn and often shabby clothes and at the same time, I could see the well-dressed businessmen of Dosunmu Street, the heart of business in Lagos then. It was easy for me to choose business life.” Obviously, he understood quite on time why he should opt for business at the detriment of prolonged education. And it paid off. As far as he is concerned, education gives people ‘false confidence’.
His magnificent and loud residence, nicknamed “Oluwa ni Shola” (The Lord creates wealth) Estate at Lekki/Ajah Expressway is a clear testimony of how successful he has become. The Estate, which is home to a good number of expatriates, is well equipped with uninterrupted power and water supply, marble floors, central air-conditioning, sauna, lush gardens, billiard room, tennis court, swimming pools, expensive sculptures and lots more.
His business acumen as the Chairman, has helped to tutor Eleganza Industries, and today, it produces a wide range of household goods and utensils including cutlery, collieries, food warmers, ice chest, electric fan, cosmetics and ballpoint pen.
Located at various centres including Oregun-Ikeja, Isolo, Alaba and Iganmu, Okoya’s Eleganza directly employs over five thousand Nigerians and non-Nigerians including those working in his RAO Property Investment Company. The Group is one of the biggest homegrown conglomerates in Nigeria today, with over six factories, and its products are household names in neighbouring African markets.
Explaining the secrets of business success, Okoya revealed that “You do not do business for the ego value. You go for what the people can afford. In business, you have to ensure that the masses are able to afford the cost of your products. That is one of my secrets.” He added that he was motivated by the desire to be rich, and that explains why he had to work very hard to achieve that very aim.

On politics, Okoya has made it that he is not one for that, saying he does expose himself to intrigues. Hear him: ” I keep to myself. I do not look at other people. I am content with myself. I do not look for cheap money. I am not interested in contracts and I do not expose myself to intrigues and politics.”
Okoya’s achievements have been recognised in different spheres among which is the Lifetime Achievement Award as Business Entrepreneur of Our Time by ThisDay Newspapers. He is also a recipient of CON national honours.
A diligent and disciplined family man, Okoya has fathered many children from several marriages one of his senior wives of over 50 years marriage is Kuburat Olayinka Okoya who had seven children. His other wives are Ajoke Okoya, Yetunde Okoya, Jennifer Okoya, Zainab Okoya.
His last wife is beautiful Shade Okoya, with whom he has four lovely children are: Olamide, Subomi, Oyinlola and Wahab.
As you revel in the euphoria of four score age sir, we wish you the happiest of birthdays!
Related
You may like
Boss Picks
Emmanuel ‘Nuel’ Ojei: The Untold Story of the Unassuming Billionaire
Published
7 days agoon
January 26, 2026By
Eric
By Eric Elezuo
The name Nuel Ojei rings a bell loud enough for even the deaf to hear. His Exploits were manifold, unprecedented and humongous. He was a man of extreme means, a philanthropist of the superlative degree, famous business man, Chief Executive Officer of Nuel Ojei Holdings Limited, and not forgetting his identity as a power broker of repute. Yes, until he death, he was one of the deciders of political inclinations and power shifts.
But on December 27, 2025, the curtain fell on his extraordinary humanitarian efforts, his life, his activities on the physical earth and his benevolence to his immediate, extended and adopted families across the world. He was 74 years when he breathe his last on that fateful day, five months short of his 75th birthday.
Fondly known as Nuel Ojei, the businessman passed away that Saturday night in his hometown, Issele-Uku, in Aniocha North Local Government Area of Delta State, as confirmed by his son, Chuks Ojei, in a statement issued on Sunday, December 28, 2025, on behalf of the family.

He described the loss as a profound shock and an irreplaceable personal tragedy.
“Words cannot fully capture the depth of our pain at this moment, as we struggle to come to terms with the sudden loss of a man who was not only our father but our strength, teacher, and moral compass.

“My father was more than a businessman; he was a builder of lives and legacies. A distinguished Nigerian industrialist, entrepreneur, and business magnate, he served as the Founder, Executive Chairman, and Chief Executive Officer of Nuel Ojei Holdings Ltd.

“Through discipline, resilience, and uncommon wisdom, he built enterprises that created opportunities, inspired excellence, and contributed meaningfully to national development.
“To many, he was a mentor and leader of rare integrity. To us, he was a loving father whose counsel guided our steps and whose values shaped our lives. He led with humility, strength, and compassion, touching countless lives across generations.
“His absence leaves a void that can never be filled, but his teachings and example will forever remain our guide. Though his passing signals the end of a remarkable chapter, his legacy lives on in the institutions he built, the people he mentored, and the values he upheld.
“He is survived by his children, family members, and a wide community of friends, associates, and admirers who will continue to honour his memory.
“On behalf of the Ojei family, I humbly ask for your prayers, love, and support during this time of deep grief. Funeral arrangements and further details will be communicated in due course. An icon has fallen. A father is gone. His legacy will live forever.”
The story of Nuel Ojei is that of accomplishment, fulfillment and a typical example of I came, I saw, I conquer. He was part of everything he met. He didn’t just mentor folks, he saw them through from.scratch to finish; in business, politics and other aspects of life. He was the dreamers light.

Perhaps Nuel Ojei would still have been alive today as contrary to popularly held view, he was not under the strain of any undisclosed illness, was hail and hearty prior to his traveling to Asaba, then to his hometown, from where he returned to his maker. This is if, according sources, he not insisted on traveling to his hometown to celebrate the Christmas with his wife and family, whom he missed so much, contrary to his German doctor’s instruction.
Sources told The Boss exclusively that Ojei, who left Nigeria for Spain on December 10, returned to Abuja on December 22, and insisted on traveling to Asaba to join his family even when the doctor told him it wasn’t proper considering that he was under serious stress and fatigue. But he insisted, saying he missed his wife, who she has not seen close to a month, and would wish to spend the Christmas with the family. It was during his holidays at his country home that he asked away.
Nuel was one business minded individual, who began his business craft very early in life, hitting limelight in his 20s, becoming a millionaire, and buying his first house at the age of 29. He was already a big boy when he founded Nuel Ojei Limited in 1989, nurtured it in the early stages of vehicle distributorship with Rutam Motors, sole agent for Mazda, and partnership with Mercedes Benz, till it became a conglomerate.

In 1999, as Nuel Holdings was expanded, as he was diverting into many other enterprises, he bought the magnificent edifice at Mobolaji Bank Anthony Way, Ikeja, towards the airport, which was a furniture company. Honestly, the billionaire has a penchant for airport axis as Nuel Ojei Holdings head office in Abuja, sits glistening in the uphill sun, facing the Nnamdi Azikiwe Airport. Report has it that he bought the Ikeja property at a whooping cost of N1.2 billion in 1999 from the Labanese. With about four very gigantic warehouses therein, his furniture business kickstarted, and continued to make waves. Nuel is blessed with the Midas touch, and so every of his businesses has received the growth syndrome.
A cross section of individuals, who spoke to The Boss, confirmed in no few words of how lavishly benevolent the entrepreneur par excellence was.
“His giving was not limited. He gave to all and sundry; whether you already have or not,” a beneficiary confided in The Boss.
Those who know Ojei in his lifetime believe he was richer than any rich man in Nigeria today. “What Nigerian billionaires have is not money compared to Ojei’s solvency. He was very rich, and spends it without a care for the good of humanity,” a source told The Boss.

Among the many properties he has scattered across the world include houses in various capitals in Nigeria vis a vis Lagos, Abuja, Port Harcourt and more. He also has houses in France, from where his two private jets operate, Germany and other parts of the world. In addition, he boasts of the most expensively and expansively constructed edifice in the world, situated in his Isele Uku, Asaba, Delta State locality.
The sprawling edifice, which took about six years to construct, is a the palace of some sort, fit only for royalty. It is situated on a 35-dunam (roughly 10-acre) plot near the village of Issele-Uku in the Delta state, and covers an area of 12,000 square meters. A brief description of the masion has it that it is divided between a basement, an entrance floor and a residential floor, and among a large number of buildings, including a servants’ house and an entry pavilion used by the security guards.

In addition to all other qualities the gigantic house can boast of are cinema hall, discotheque, hair salon, bowling alley and separate 350-square-meter suites for the couple (Ojei and wife), as well as a selection of guest suites. It also has its own water-purification system and electrical generator.
In his garages are states of the art vehicles including Rolls Royce, Hummer jeeps, Mercedes Benz of various luxurious makes, Range Rovers, G-wagons…just name it. Sources say the number of automobiles in his Lagos home garage alone exceed 50. That’s how super wealthy Ojei was.
Born Emmanuel Isichei Ugochukwu Ojei on May 23, 1951 to military officer, who was during his time in the army superior to a onetime Nigeria’s Head of State, Nuel had both primary and secondary education in the locality of his birth, Lagos before relocating to his hometown attend the Issele Uku Technical College, Issele Uku, between 1970 and 1972. He obtained a National Diploma in Business Administration and Management in the bargain.
It was after the ND education that he concentrated on personal building, business-wise, and returned to Lagos, and took up a job as a Sales Executive at Rutam Motors Ltd, owned by the Ibru Family, known for their super wealth.
In 1976, he left the job after attaining the position of Sales Manager. He thereafter joined Kapital Assurance Ltd in 1977, and rose to become a Director.
With hands in so many pies, Ojei learnt the craft of mastering all endeavours. He was into supplies of military wares during the 1980s, banking, and was reputed to once owned a bank, insurance, construction and telecommunications.
His interest in the oil and gas industry was limitless as he is said to own three oil blocks, and had stakes in solid minerals, telecommunications, safety and security, as well as shipping and ship building. He was a master of all.
The story of Ojei is a case study, a reference point and a research material. He was one Nigeria, who said very little, but recorded and achieved so much. He mentored numerous persons, who are spreading wealth as well across the length and breadth of capacity development and transfer.
The NOH identity is a focused, determined and committed brand that Ojei had used to affect humanity.
As wealthy as he was, he married only one wife, and is blessed with five great children, who are living the dream in its clear 8-letters of positive.
It must be noted as well that Ojei’s must treasured belonging other than his family, is the honorary doctorate honours he received from the Delta State University for his business acumen and impact on humanity. To him, that award is from home, and when your home identifies with you, you have nothing to worry about.
Emmanuel Isichei Ugochukwu Ojei may have bowed out physically from the earth, but the legacies, he systematically created will live for generations and generations to come. He was not consistently in public view, but worked assidously behind the curtains to put laughter on the lips of so many individuals across the world.
May his industrious soul find rest in the bosom of the Lord…Amen!
Related
Boss Picks
Hon Jumoke Okoya-Thomas Becomes Otun Iyalode of Lagos
Published
1 week agoon
January 25, 2026By
Eric
By Eric Elezuo
In recognition of her wholesome performances and contributions to governance in Lagos State, the Oba of Lagos, also known as Eleko of Eko, Oba Rilwan Akiolu, has conferred a deserved chieftaincy title on former lawmaker, APC leader and prominent female politician in Lagos State, Hon Olajumoke Okoya-Thomas.
The notable woman-leader is now the Otun Iyalode of Lagos; an important traditional stool in the cultural affairs of Lagos, and the ancient city couldn’t hold its joy as it rolled it the drums in celebration.

With an avalanche of dignitaries, nobles and political giants from across the socio-economic strata of Lagos, the Iga Idunganran residence of the paramount ruler of Lagos, became another excursion site, unleashing deep-rooted culture, excellent camaraderie and impressive display of ingredients that make Lagos, popularly known as Eko thick.
The gathering boasted of the likes of Otunba Gbenga Daniel, Sir Kesington Adebutu, Prince Samuel Adedoyin & wife, Pastor Ituah Ighodalo of Trinity House, Speaker of Lagos State House of Assembly, Rt. Hon Mudashiru Obasa, Governor of Lagos State, Mr. Babajide Sanwolu & wife, Chairperson, Diaspora Commission, Mrs. Abike Dabiri-Erewa, Chief Mrs Sena Anthony, Mr Ladi Adebutu, Mr Segun Adebutu, Firstlady of Ogun State, Mrs Bamidele Abiodun, HRM Oba Abdulwasiu Omogbolahan Lawal & Olori Mariam, HRM Oba Ibikunle Fafunwa Onikoyi, Alara of Ilara Oba Olufolarin Ogunsanwo, Olugbon of Orile Igbon, Oba Francis Alao & Olori, Chief Mrs Bisi Abiola, Olori Vicky Hastrup, Senator Sade Bent, Deputy Governor of Lagos State, Mr Babafemi Hamzat and Mr Tope Abere.

Others include Hon Kafilat Ogbara, Alhaji Tajudeen Okoya and Chief Durisimi Etti, who were also conferred with various chieftaincy honours.
As Hon Okoya-Thomas stepped out in grace, clad in all white, and adorned with precious ornaments; symbol of her royalty, the Oba was on hand to dish out the ‘sayings’, with the assistance of his white cap chiefs, that bestowed on her the powers and privileges of the Otun Iyalode.
Thereafter, a sumptuous reception was held at the Condo, Airforce Base, Victoria Island, where guests were treated to the best of entertainment ranging from good food, good music, good beverages and good networking under the very hilarious guidance of popular MC, Tee A. It was a night of solidarity for a woman, who has and is still giving her best to humanity and to society.


The atmosphere did not experience a dull moment as popular musician, Ayo Balogun serenaded the audience with soulful sounds, creating an environment, where the celebrant and her guests shuffled unhindered to the smooth ride of powerful renditions.
Earlier, and prior to the event, President Bola Tinubu had sent a heartwarming congratulatory message to the former lawmaker, who many believe is a highflyer and prominent Lagos politicians, wishing her well with regards to her double celebrations including her birthday on January 20, 2026, when she turned 69, and her receiving of the prestigious Otun Iyalode title, four days after.
In the statement signed by his Special Adviser, Information and Strategic, Bayo Onanuga, President Tinubu noted that “Jumoke Okoya-Thomas, the All Progressives Congress Women Leader in Lagos State, represented Lagos Island Federal Constituency in the House of Representatives for three consecutive terms, from 2003 to 2015.


“President Tinubu commends Okoya-Thomas for her contributions to the state and for her consistent efforts to increase women’s participation in politics and governance.
“The President also notes her chieftaincy title of Otun Iyalode of Lagos, describing it as appropriate and fitting, given her commitment to women’s empowerment and support for traditional institutions in Lagos.
“President Tinubu wishes Okoya-Thomas long life and good health, even as he prays for a successful chieftaincy ceremony.
THE JUMOKE THE WORLD KNOWS

As the new Otun Iyalode, a high ranking female chieftaincy title in Yoruba, Okoya-Thomas is saddled with the responsibility of performing leadership roles as well as being the spokesperson for all women in the community. S
She is also expected to play crucial roles in mediation of disputes, especially those involving women. She will participate in legislative functions and decision-making processes concerning the town’s welfare. These are responsibilities the all-experience former lawmaker is endowed with.
We therefore wish Madam Olajumoke Okoya-Thomas a happy 69th birthday, and gracious tenure as she navigates through the tasks of Otun Iyalode(ship).
Congratulations ma!
Related
Boss Picks
On a Mission to Rescue, Recover and Reset Nigeria – Soundbites from Dele Momodu’s Official Entry into ADC
Published
2 weeks agoon
January 19, 2026By
Eric
By Eric Elezuo
The gathering was loud, impressive and purposeful as veteran journalists and Chairman, Ovation Media Group, Chief Dele Momodu, began another political journey of rescue, restoration and resetting of Nigeria with a grand declaration ceremony in Benin City, Edo State.
In his speech, Momodu informed that his interest is purely to serve the interest of Nigerians, shunning any form of call to contest either the senatorial or governorship seat.

Noting that his formal aligning with the ADC is far from personal ambition, he stressed that he is on a mission to help end the drift towards a one-party state.
Momodu, who said it took him years to reconnect with his homestead, added that the declaration for ADC marked a deeply personal and political homecoming after decades of self-discovery and professional life outside his ancestral roots.


He said, “Officially set to declare for the African Democratic Congress. It took me a long time, over 30 years, before I could discover my ancestral home,” Momodu said.
“Let me thank one of my fathers who is present here today, Senator Isa Raymond. From the very first day he met me, he adopted me as a child. When I came home for the first time, he coordinated everything.”
Reflecting on his years abroad, Momodu spoke of the effort it took to establish himself economically in the United Kingdom, saying this had given him both stability and perspective.


“It took me over 50 years, you won’t believe it, of excruciating hard work and meticulous planning to plant roots for my modest income,” he said.
“Today, nobody can say I have no roots. But today, I am standing before you as I firmly reintegrate myself into the political process of my state.”
Momodu dismissed speculation about any immediate personal ambition for elective office, stressing that his political engagement is broader and more ideological.


“People have asked me, ‘What do you want? Do you want to be governor or senator?’ No, I just want to promote the best interests of our people.”
Describing his decision to formally take up ADC membership as a critical step, Momodu said: “It is hard to imagine the pride I feel at this moment as I undertake my self-led event in DC to pick up the membership card of the African Democratic Congress, ADC, the new opposition coalition in Nigeria, Africa’s most populous nation. This is only the first and most important leg of this political journey.”
He outlined what he described as his core political mission, warning against political domination by a single party.
“My mission in politics is to join hands of fellowship with citizens of like minds to rescue, recover, and reset Nigeria,” Momodu said. “Nigeria must be rescued from a one-party state and one parliament.”
In a lighter moment, he added: “I don’t think they manufacture people like Baba Eke in heaven.”

Momodu said the success of the political journey ahead would depend on the commitment of Nigerians who are dissatisfied with the current direction of the country.
“This journey will require the total commitment of the majority of Nigerians who refuse to be enslaved in their own country.
“I am eternally inspired by our leader and father, Zipzon Oyebu, for his judiciousness, resoluteness, and sacrifice for the well-being of our nation. Thank you, Baba.


“Thank you all for your love, because for people to leave their homes and offices to be here on a weekday is not a joke. I promise you, I do not think it is a joke.”
A former presidential candidate, former presidential aspirant, teacher, inspirational speaker, actor, media guru and entrepreneur, Dele Momodu is a complete package of astuteness, enigma and ready-to-deliver personality, who has contributed immensely to the growth and development of his motherland.
Momodu is not new to political discipline and maneuver. Recall that the much traveled global citizen contested the presidency in 2011, where he represented the National Conscience Party (NCP), and was a presidential aspirant in 2022 under the umbrella of the PDP.

Momodu’s trajectory in the political terrain dated back to the Second Republic, when he functioned as Private Secretary to Chief Akin Omoboriowo, the then deputy governor of Ondo State. He was also prominent in politics during and after the much talked about June 12, 1993 era. His relevance and intellectual capacity in politics speak volumes, climaxing in the fact that his wealth of experience will be an added advantage to the ADC family.
Momodu’s entry into the ADC is expected to boost the coalition’s visibility towards creating more impact and positioning the party for the all-important duel with the APC come 2027.
Related


Glo Leads in Investments, Performance As NCC Sets New Standard for Telecoms
Memoir: My Incredible 10 Years Sojourn at Ovation by Eric Elezuo
Ghana 2028: Mahamudu Bawumia Claims NPP’s Presidential Ticket
Otunba Adekunle Ojora: Farewell to a Good Man
Voice of Emancipation: President Tinubu’s Recent Trip to Turkey
FirstHoldCo Grows Gross Earning to N3.4trn for Unaudited Full Year 2025
The State of Leadership Today: A Look at Global, African and Nigerian Realities
Tinubu Stumbles, Falls During Welcome Reception in Turkey
FG vs Sowore: Court Admits As Exhibit Video of Reno Omokri Calling Tinubu ‘International Drug Baron’
Court Sends Actress Angela Okorie to Prison for Alleged Cyber-Stalking
Coup: Investigators Widen Probe Scope to Unmask Civilian Financiers
Tinubu’s Stumble Purely Accidental, Not Health Related – Presidency
Spider-Man Voice Actor Alexis Ortega Dies at 38
Otunba of Lagos Adekunle Ojora is Dead
Trending
-
News5 days agoTinubu Stumbles, Falls During Welcome Reception in Turkey
-
Featured5 days agoFG vs Sowore: Court Admits As Exhibit Video of Reno Omokri Calling Tinubu ‘International Drug Baron’
-
Entertainment4 days agoCourt Sends Actress Angela Okorie to Prison for Alleged Cyber-Stalking
-
Headline4 days agoCoup: Investigators Widen Probe Scope to Unmask Civilian Financiers
-
National5 days agoTinubu’s Stumble Purely Accidental, Not Health Related – Presidency
-
Entertainment3 days agoSpider-Man Voice Actor Alexis Ortega Dies at 38
-
News5 days agoOtunba of Lagos Adekunle Ojora is Dead
-
News5 days agoDiezani Appears in London Court, Denies Bribery Allegations

