Early Life and Education
Jimoh Ibrahim was born on the 24th of Feb 1967. in Ondo State, Nigeria to Alhaji Yakubu and Omofemiwa Jimoh of Igbotako in Okitipupa Ondo State. Jimoh Ibrahim is from a polygamous Background whereby his Father Alhaji Yakubu Married seven wives and forty children, while Jimoh Ibrahim mother was a fish Monger. Jimoh Ibrahim was born into a poor family, His father was a Bricklayers.
He is a village boy and growing then in the village was interesting for him. Like every other kid, he used to enjoy the village life. Jimoh would go to the river with his friends to swim and fetch water for domestic use. They would return home to eat in a common plate, while some of his seniors will use their dirty teeth to share their little beef. He used to sleep on a common mat. Jimoh Ibrahim pass through a lot of hardship and difficulties, the penury he pass through never stop him from his aim of becoming a successful entrepreneur. This aim makes him to view education as assistive key to help him archive his goal. He attended St. John’s School, Igbotako; and then to Community Grammar School, also in Igbotako. Thereafter, Jimoh attended Federal School of Arts and Science, Ondo and then to the University of Ife where he studied Law. The local life he used to live nothing has changed. His village still remains his village. Jimoh usually go there virtually every weekend. He still maintains some aspects of his village life. He still eats his good old village dishes.
When he was only a youth, Jimoh got minor building contracts and used some of his father’s bricklaying materials to execute them. Jimoh Ibrahim ventured early into business, being that he came from a humble background. Story has it that he made his first millions as a youth corps member after graduating from Obafemi Awolowo University where he organizes seminars and training sections for people. He started delivering lectures and organizing seminars all over the country. He also held series of workshops, taking advantage of Babangida’s local government autonomy. He collaborated with so many institutions, including the Administrative Staff College of Nigeria.
It was very profitable for him by initiating the idea. Some of the LG chairman that attended his seminars are now big men in the society. People in the likes of elder Wole Oyelese, who went all the way to become a minister. Jimoh Ibrahim had about N70 million to his credit. From the proceeds, he erected a house his village and four other houses in Lagos, including a four-storey building in Ikotun-Egbe. At the conclusion of his youth service, Jimoh Ibrahim already had six houses. In the cause of doing one of the above mentioned seminars, he learnt about the huge amount of revenue Nigeria looses annually to withholding of tax by big oil companies.
He also obtained a Masters degree in Economic and International Tax at Harvard University. He worked as a Consultant to the International Monetary Fund (IMF) on tax reforms in Croatia and Estonia. He was also part of the Harvard team that went to Bangladesh to build the tax reforms.
With seven lawyers in his Law and Justice Chambers, he practiced Law for six years, appearing in various courts from the magistrate to the Supreme Court. He authored Indigenous Governance in Nigeria and published two volumes on Mohammed Bello.
He reached out to the federal government, and submitted a report of his findings in form of a proposal, indicating that he could help the federal government to recover the funds as a consultant to the federal government, on the condition that he be given certain percentage as commission. His proposal was approved and within a very short time, he remitted money amounting to billions of Naira to the federal account. With the money he made from his commission, Jimoh acquired a swampy area at the Victoria Garden City (VGC) gate, and later transformed same into an ultra-modern filling station with two expensive banking halls. He further invested the surplus in real estate.
Apart from his outlet at Victoria Garden City, Jimoh opened another station at Ilupeju Bypass. Jimoh Ibrahim later became very successful and now has investments that span through oil and gas, hospitality, hotels and resorts, airlines, real estate, banking, insurance, newspaper publishing and numerous other investments.
Jimoh Ibrahim’s Global Fleet Group has the following subsidiaries: Air Nigeria, formerly known as Virgin Nigeria; NICON Insurance, a reputable insurance company in Nigeria; Nigeria Reinsurance Corporation; NICON Luxury Hotel – Abuja, Nigeria, previously known as Le’ Meridien Hotel; Global Fleet Oil & Gas – A chain of gasoline filling stations which numbers about 200 as at the year 2011, all over Nigeria;
The NICON Group a holding company which interests includes investment companies, real estate, schools, transportation etc; Global Fleet Building, very popular in Lagos, Nigeria and formerly called Allied Bank Building; Meidan Hotel located in Lagos, Nigeria; Global Fleet Industries was formerly known as HFP Industries Limited; Energy Bank Accra, Ghana. This is new commercial bank in Ghana which began operations in February of the year 2011; Oceanic Bank São Tomé, São Tomé, São Tomé and Príncipe. This is a Commercial bank purchased from Oceanic Bank in May 2011 and transformed into a first generation bank; Newswatch Magazine, a very popular magazine in Nigeria; National Mirrow Magazine, a national daily magazine that is very popular in Nigeria.
Jimoh claimed in his quest to expand the Aviation arm of his conglomerate acquired the beleaguered Virgin Nigeria – Nigeria’s official carrier, using the Nicon group. Though, a move most players and stakeholders considered audacious, was shrouded with controversies as the details of the takeover remain undisclosed. According to multi-billionaire Ibrahim, plans are under way to merge the acquired Virgin Nigeria with Nicon Airways.
Nicon Airways was rebranded after the acquisition of EAS by Jimoh years back. Ibrahim said that the acquisition would provide another opportunity for Nicon Airways to come alive through a merger with virgin.
He is as controversial as in business. He recently pitch tent with the Peoples Democratic Party (PDP), to boost the dispirited followers of the party, though he refused to declare his political ambition. The Ondo State wing of the Peoples Democratic Party (PDP) have been bedeviled with series of crises since the Labour Party defeated, leaving PDP with depleted membership fold, as its members defecting to Labour Party.
He was the gubernatorial candidate of All Nigeria Peoples Party (ANPP) in the 2003 General Election. Reasons behind his defection to PDP were justified because he had benefitted immensely from the PDP government, both at the Federal and State level.
At State level he bought the State owned Owena Motels and at Federal appointed the Chairman of Corporate Affairs Commission (CAC) and also acquires several other companies through the influence of PDP.
Jimoh Ibrahim and Modupe Ibrahim met at the early age of 16. However the lucky partner made it far and happily married and blessed with four beautiful children and wants you to get rich.
It was recorded to have a net worth of about $1.1Billion. This is as reported by Forbes Magazine. This might not be entirely accurate but no doubt Jimoh Ibrahim is definitely a core business man
- He is alleged to be keen on having another go at the governorship post of the state while another has it that he is interested in going to the Senate. The latter being more reasonable because the zoning formular would not favour him.
Jimoh Ibrahim ropes INEC into $1M bribery scandal ahead of the 2015 election.