5. Theophilus Danjuma

Net Worth: $1.1 Billion (Forbes), $1.8 Billion (Ventures Africa)

Industry: Oil & Gas

Theophilus-Danjuma

Theophilus Danjuma was born in Takum, Taraba state on 9th December 1938. The billionaire started off as a soldier having served in the Nigerian Army.

He also ventured into politics where he served as a Minister of Defense under President Olesegun Obasanjo.

Mr. Danjuma is the chairman of SAPETRO (South Atlantic Petroleum), a Nigerian upstream oil and gas exploration and production company.

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