Igho Charles Sanomi is proudly Urhobo and was born on the 17th of May, 1975 in Agbor of Delta State and he is Nigeria’s youngest billionaire in 2020 with an estimated net worth of $1 billion.
Igho Sanomi is a businessman, an entrepreneur, an orator, and a philanthropist who has the heart to help people.
Nigeria has a lot of billionaires and prides itself as the home to some of the most influential billionaires to come out of Africa because Nigeria has got the biggest economy and serial entrepreneurs and businessmen in the continent.
The richest man in Africa is a Nigerian and the richest black woman is also a Nigerian which goes to show that Nigeria is blessed with the best minds in business and entrepreneurs in the continent.
There is always a new kid lurking in the block and these are hungry people who are making their marks in the business and entrepreneurship and Igho Charles Sanomi becomes Nigeria’s youngest billionaire in 2020.
Igho Sanomi is a serial entrepreneur, and he is the current executive director of Cosmos oil AG the founder and CEO of Televera Conglomerate with interest in oil and gas, Telecommunication, Aviation, Shipping, real estate, and logistics.
Igho Charles Sanomi’s Family Background
Igho Sanomi is the fifth child and first son of Dickens Ogheneruemu Patrick Sanomi and Mabel Iyabo Sanomi, a catholic family that resides in Agbor.
Dickens Ogheneruemu Patrick Sanomi retired as Assistant Inspector of Police of the Nigeria Police Force (AIG) and the second national vice president of the Urhobo Progress Union.
His mother, Mabel Iyabo Sanomi was a nurse and a Yeye Jemo (a tribal head) of the Isotun Ijesha kingdom in Osun State.
Igho Sanomi graduated from the University of Jos Plateau State and begged his bachelor’s degree from the Department of Geology and Mining.
Igho Sanomi and his siblings founded the Dickens Sanomi foundation in honor of the life of his father in 2011 and Igho Sanomi is the chairman of the foundation.
Igho Charles Sanomi Major Business And Career Landmarks
In 1990, Igho Sanomi became the executive director of Cosmos oil which is an international oil-trading company with its core business activity in Nigeria.
As a director with Cosmos Oil, Igho Sanomi negotiated the fuel-oil exports contract from the Port Harcourt refinery.
He formed a strong partnership with an energy-trading company in Zug, Switzerland and this partnership was responsible for the importation and exportation of several millions of tons of refined petroleum products all over the West African Coast.
In 2004, Igho founded the Televeras, a Nigerian Energy Trading Company, and Taleveras has got a stake in a power distribution firm in Nigeria (Port Harcourt Electricity Distribution Company).
Forbes says that Televeras trades over 100 million barrels of crude oil as well as million tons of gasoline, LPG, and jet fuel.
Taleveras acquired production sharing contracts (PSCs) (in April 2012) for three offshore oil blocks in Ivory Coast and owns substantial stakes in two oil blocks in Nigeria.
Taleveras sold a 65% stake (in June 2013) in one of its Ivorian offshore upstream projects to Lukoil of Russia for an undisclosed price.
Taleveras Group acquired Afam Power on 30 July 2013 and it is one of the Nigerian companies which got the contract for oil-lifting from the federal government’s bid, through the Nigerian National Petroleum Corporation (NNPC), to award nearly half of the 2012–2013 lifting contracts (worth $60 billion) to indigenous companies—promoting local content and “downsizing contracts awarded to international oil traders”.
Patrick Kron, chairman and chief executive (président-directeur général) of the French engineering conglomerate, signed the agreement with Taleveras Group during his visit with Nigerian president Goodluck Jonathan, Nigerian business leaders, and members of the international business community in Lagos, Nigeria.
Philanthropist Igho Charles Sanomi
In 2011, the Dickens Sanomi Foundation was founded by Sanomi and his siblings. The DSF is funded by Taleveras Group and Midel Group. The foundation limits its philanthropy activities in Nigeria.
Funding Of Essay competition
In 2014, the Dickens Sanomi Foundation began to sponsor an annual essay competition for all secondary schools in Nigeria.
DSF essay competition gets up to 250 entries from secondary schools nationwide, and the essay competition is divided into senior and junior categories.
The first prize winner of each group is a scholarship, and the schools attended by the winners receive grants for facilities such as computer equipment.
Helping Of Flood Aid Victims
Dickens Sanomi foundation had “Project Rescue 10,000 Flood Victims” in October 2012 in Delta State which aided about 12,300 people displaced by floods that ravaged several communities in the state by donating food and relief material worth millions of naira to flood victims at settlements in the Ughelli, Ewu, Arhavwarhien, Orere and Okparabe communities and the Ughelli North and South local government areas of Delta State.
It was reported by Vanguard, that “The displaced persons were rescued in 500 seater engine and speed boats from communities in Ughelli North, Ughelli South, Patani, Isoko North, Isoko South and Burutu Local Government Areas of Delta State and were subsequently taken to some government-designated camps”.
This Day‘s society editor, Lanre Alfred, wrote: “The Dickens Sanomi Foundation gave out a comprehensive funding package worth over ₦100 million to flood victims in Delta and Bayelsa State, as part of its intervention programme to mitigate the effects of the devastating flood on the people”.
Igho Sanomi Non-governmental Organizations Affiliations
Through the Dickens Sanomi Foundation, Sanomi has reportedly pledged a “substantial grant” to the Bobby Moore Fund for cancer research in the UK “to help fund vital prostate cancer research” and received the Martin Luther King Legacy Award for philanthropy.
The foundation also pledged funds to Save the Children and Oxfam. Sanomi got appointed to the West Africa Book Development Fund’s advisory board.
He became the honorary chair of the Martin Luther King, Jr. International Salute Committee, taking over from the late Ade Adefuye.
Sanomi co-sponsored the Dance Theatre of Harlem‘s first Latin American tour in Tegucigalpa from 31st of January to 6th of February 2014. According to a press release on the U. S. Embassy website, “DTH’s trip was also made possible by Igho Charles Sanomi II, Executive Director of Taleveras Group.”
Igho Sanomi partners with the Global Initiative for Peace, Love, and Care (GIPLC), a non-governmental organization with a mission “to promote sustainable programs and activities that will ensure a better life for the Orphaned and Vulnerable Children (OVC)”, through his company’s partnership.
Igho Charles Sanomi Honors’
In the first edition of its Choiseul 100 Africa, published in September 2014, the Institute Choiseul for International Politics and Geoeconomics ranked Igho Sanomi number one among “growing business leaders, successful entrepreneurs, investors, etc.
“who “embodies the dynamism and renewal of a whole continent and carry the hopes of an entire generation”.
The list “identifies and ranks the young African leaders of 40 years old and under, who will play a major role in the development of Africa in the near future”.
He also topped the 2015 list.
In 2013, Sanomi was nominated by Nigeria’s Ministry of Industry, Trade, and Investment for a post on the Nigeria-South Africa Business Council.
Igho Sanomi was awarded Corporate/Friends of the Police at the first Police Sports Awards which was held on 28th of February 2014 in Abuja.
Igho Charles Sanomi was cited by Forbes as one of “Ten Young African Millionaires To Watch in 2013” and was ranked one of Africa’s top 25 oil and gas leaders of that year by African Leadership magazine.
Igho received Mode Men magazine’s Humanitarian of the Year Award in 2012 and a recipient of the African Leadership Award.
Igho Sanomi was one of the speakers at the 2014 Africa Global Business Forum in Dubai and would speak again next year at the event.
Igho Sanomi received the 2014 Africa’s Emerging Community Development Icon Award and was granted honorary citizenship in Georgia in the US.