Richest Men in Nigeria: Pascal Gabriel Dozie

Nigeria’s richest list

Pascal Gabriel Dozie’s Biography

Synopsis:

Pascal Gabriel Dozie is a shrewd businessman with an unrelenting spirit. He was born on April 9, 1939. Pascal is a native of Owerri in Imo State, Southeastern Nigeria.

He is an economist of international reputation. He studied economics at the revered London School of Economics (LSE), where he obtained a Bachelor Degree before proceeding to the City University in London for a Masters in Administration in 1963.

After finishing his education, Pascal Gabriel Dozie set up a personal consultancy—the African Development Consulting Group in Lagos, Southwest Nigeria.  Dr. Pascal never worked for anyone in his entire life—he never had to. He was lucky enough to gather many consultancies from big companies, among which were Nestle Nigeria and Pfizer.

Pascal Gabriel Dozie is the Co-Founder, Partner and Non-Executive Partner at African Capital Alliance (ACA). A one-time President of the Nigerian Stock Exchange (NSE), Dozie is the founder of Diamond Bank Plc, Kunoch Limited. He has served as the Chief Executive Officer of Diamond Bank at some point and as president of OON.

Dozie’s problem-identification skills came to the fore when he identified the problems the Igbo businessmen of his days were facing. Sometime in the ‘80s, he decided to plug in the gap with his problem-solving instincts. Traders from the hinterlands in South East, Nigeria, his birthplace, had problems transporting huge sums of money on their business travels owing to the prevalence of bandits along the routes the travel and the frequency with which they attacked. Noticing this, he decided to invent electronic transfer in order to enable businessmen and women wire their transfers directly to Lagos, rather than risk carrying huge sums of money. The initiative was the brainchild of Diamond Bank creation. It began business operations in 1991 with 5 million dollars and 20 customers.

Dr. Pascal is a member of the Advisory Board of Kaizen Venture Partners. He is also the chairman of MTN Nigeria Communications. Similarly, he is the Co-Chairman of the board of Commonwealth Business Council.

In an all-encompassing capacity that would draw jealousy from even the high and mighty, Mr. Dozie is the chairman of Kunoch Limited and of the Aluminum Extrusion Industries Plc. He is also the Chairman of ADIC Insurance Limited.

Suffice to say that he was a former director of the with the Central Bank of Nigeria. In all, Dr. Pascal Dozie is an achiever per excellence, a visionary, and an astute business man even amongst his peers. He has left his mark.

He was honored with the Lifetime Achievement Award by the All African Business Leaders Award in the year 2013. Quite fitting for a man who has achieved so much.

Education:

  • London School of Economics, London, England
  • City University, London, England

Net worth: $1.1 billion (2016 estimate)

Foundation or organisation founded:

  • Diamond bank
  • Kunoch Limited

Awards: Lifetime Achievement Award (All African Business Leaders Award, 2013)