Arthur Eze built Africa's biggest private oil portfolio by befriending presidents and almost never drilling a well, and now governments are taking their blocks back
Billionaires Africa | 28.04.2026 06:03
The most revealing thing Arthur Eze ever said in public he said at a fundraiser in Abuja in 2025. Standing at the podium to honour former military ruler Ibrahim Babangida, the slight, soft-spoken billionaire from Anambra pledged N500 million and then delivered a single line that summarised four decades of building the largest private oil portfolio in Africa: "Babangida has no enemy. He made all of us."
