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Biography of Dr. Ifeanyi Ubah, CEO Capital Oil and Gas

Name: Dr. Patrick Ifeanyi Ubah
Date of birth: 3rd September, 1971
Place of Birth: Nnewi, Anambra State
Place of Origin: Umuanuka in Otolo, Nnewi Anambra State, Nigeria.
Profession: entrepreneur, Business man, Philanthropist.
Parents: Mr. & Mrs. Alphonsus Ubah.

 Popularly refer to as Ifeanyi Ubah, CEO of capital oil, one of Nigeria's largest distributor of petroleum products, accounting for 30 percent of daily petroleum related needs of Nigerians. Dr Patrick Ifeanyi Ubah started out from a very humble beginning working as a trade apprentice, where he gained business knowledge on sales and importation, exportation of tyres to Countries of Africa, such as Ghana, Liberia, Democratic Republic of Congo (DRC), Sierra leone. At age 19, Ifeanyi Ubah was already making his first million naira as a car Tyre dealer and auto spare parts dealer.
Dr. Ifeanyi Ubah Pictures
Dr. Ifeanyi Ubah

In 2001 Ifeanyi Ubah founded Capital Oil & Gas Nigeria limited which was to involve in retailing of Petroleum products and haulage transportation business. The Capital Oil & Gas group built 4 large Oil and gas depot, which has the capacity to berth 3- 6 Oil vessels. Asides acquiring one of the largest oil depot in Nigeria Ifeanyi Ubah's Capital Oil &and gas company own the largest fleet of marine vessels, barges and tug boats in Nigeria, including a large fleet of oil tankers.
Dr. Ifeanyi Ubah Images
Dr. Ifeanyi Ubah CEO Capital Oil & and Gas

Dr. Ifeanyi Ubah is married to Uchenna Ubah, a graduate of Business Administration from Ahmadu Bello University, Zaira.

The couple are blessed with 5 children, four boys and a girl.

Find below Extract from Auto biography of Dr. Ifeanyi Ubah, (culled from Ifeanyi Ubah for Governor website, 

Through hard work, perseverance, faith in God, and belief in himself, he became one of the most successful businessmen in Nigeria. It’s an opportunity he wants to make possible for every young Anambrarian.

Patrick Ifeanyi Ubah was born September 3, 1971 to the humble, working class family of Mr. & Mrs. Alphonsus Ubah of Umuanuka in Otolo, Nnewi. Being born to parents who were both teachers, Ifeanyi and his siblings had very humble beginnings. They endured material deprivations, which the children of teachers suffered and still do.

His parents provided for their family’s needs with their meager salaries and a fervent trust in God. They inculcated in him the virtues of deep faith in God, honesty, hard work, leadership, and innovativeness.

His father distributed what little he made for the education of his children and other relations. While attending OMGS in Nnewi, Ifeanyi saw his father struggle and, as the first son, chose to take on responsibilities beyond his years in order to lessen the burden on his father and help provide for the Ubah family, made up of three older sisters and three younger ones.

When he communicated this decision to his parents and siblings, this was the first time he ever saw his father cry, expressing his frustration that he as a teacher was unable to fund the education of all his children by himself, and his concern about the risk of an uncertain future for his son. Ifeanyi demonstrated courage and assured his father that he would make him proud, and that not only would he eventually shoulder the responsibility for the entire family’s upkeep, he would pursue his education and develop himself intellectually.

In honouring this promise, and reflecting his tireless pursuit of excellence, he has continued his quest for knowledge and attended several local and international courses and seminars in leadership and business management. As a result of his creative leadership, his economic ideas, and his entrepreneurial ingenuity, he was conferred with an Honourary Doctorate of Management Technology (DMT) by the Federal University of Technology Owerri, in Imo State and an Honourary Doctorate of Philosophy in Critical and Creative Thinking from Montclair State University, New Jersey, USA. He is in the process of completing the prestigious Owner/President Management Program at Harvard University, Boston, USA.

A look at his early years reveals how Ifeanyi rose swiftly from apprenticeship at the age of 16 to running a very successful regional business at the age of 18. He travelled to Ghana and throughout Africa to expand his business and increase trade for Nigeria. By the age of 19, he made his first million naira.

He emerged, quickly, as a significant player in the tyre export trade from Nigeria to Ghana. He was among the biggest suppliers of tyres to Ghana traders such as Kingsman Enterprises.

From Ghana, he expanded his business in Nigerian trade into Liberia and Sierra Leone. Unfortunately, the war that began in Liberia affected his business and he returned to Lagos. He then expanded his business, which now included the supply of auto parts to the Congo (DRC). His leadership qualities led him to become the president of the Nigerian community in the DRC at a young age. He took responsibility for catering for his business and for the welfare of all the Nigerians in the DRC, including taking responsibility for feeding thousands of Nigerian refugees who fled from Congo Brazzaville.

His company continued to grow, becoming a major importer of automotive spare parts in the DRC. He also attended international trade shows such as Automotive Industrial Week in Las Vegas, USA and Automechanika in Messe Frankfurt, Germany. He extended his business activities into England, Belgium, South Africa, Dubai and other parts of the world.

He did business with large companies in South Africa, including: AE, Payen, Kolben Co., and the AngloAmerican Industrial Corporation.

In Belgium and London he did business with companies including Banque Belgolaise (Brussels) and AE Automotive Parts (Leeds, UK).

Patrick Ifeanyi Ubah, who started with nothing, had built a business empire beyond his dreams, and was now expanding into the field of oil and gas.

He established Capital Oil SPRL in the DRC, through which he imported oil and gas from Ibeto Petrochemical Nigeria and supplied the biggest transporters and industrial establishments as well as governmental agencies such as the national railway.

In South Africa, he did business with Chevron Oronite and Elit South African Pty Limited.

With the help of his mentor, Cletus Ibeto, who supported his business and further tutored him on the oil and gas climate in Nigeria, he invested his growing resources from his successful business enterprises to expand his operations in Nigeria, creating Capital Oil & Gas Industries Ltd. and thousands of jobs.

The company was founded in 2001, and by 2003/2004 it had extended into haulage, transportation and petroleum products retail. One by one, he built three of the largest oil and gas depots in all of Nigeria and acquired a fourth. By 2011, Capital Oil Group’s depot facility was the largest in Nigeria, with a combined capacity to berth 3-6 vessels simultaneously and 32 loading arms. The group today accounts for about 30% of daily petroleum products distribution in Nigeria, employs a work- force of over 3,000, and has caused the creation an additional 1,000 related jobs.

He led his company to own the largest fleet of marine vessels, barges and tug boats in Nigeria, including a large fleet of oil tankers.

In order to decongest truck tankers from Lagos roads, Ifeanyi Ubah built a truck park capable of holding 1,100 trucks simultaneously.

In his drive to lower fuel prices for Nigerians, he has acquired land to build the first private refinery in Lagos and has made a presentation to the Department of Petroleum Resources (DPR) and is currently awaiting approval.

Today, Ubah’s core business is oil and gas trading, port and harbour investment in the African continent. He also invested in property and real estate development, telecommunication, commodities importation, financial institutions, and hospitals.

He sits on the board of several companies, including:

    Knoll & Hachfer Engineering Co Ltd 
    Chevron Oronite & Chemical Co Ltd 
    Hero Communications Ltd

    First Nigeria Independent Oil Co Ltd 
    Commodity Giants Nigeria Limited
    Capital Group Congo S.a.rl. in the Congo DR 
    Oil Force Nigeria Limited

    American Hospital Ltd

Ubah led the building of strategic regional reserve depots within the geopolitical zones of Nigeria: Suleja in Niger State, Funtua in Katsina State, Enugu State, Warri and Koko in Delta State. These developments have created thousands of jobs for Nigerians, mostly youths.

He believes that “wealth and job creation is an art and empowerment is an obligation.”

He was profiled by the Oxford Brooks Magazine as one of the “Forty under Forty 2009”, a list of the top forty Nigerian business leaders under the age of forty.

He remains faithful to his friends of early days and they also form part of his strength today. He appreciates friends, but has no god-father. Instead, he has Father God, the Almighty!

That is why Ifeanyi is fondly called “Ebube Chukwu uzo” meaning “Placing God First”.

Ifeanyi is also a philanthropist. Driven by a desire to give back to society, he established the Ifeanyi Ubah Foundation, which gives students free university education, drills boreholes for communities, installs electricity transformers, repairs and constructs roads, provides free fuel to the popular “Okada” riders and bus drivers every Monday in all his filling stations.

He is building an ICT Centre for the University of Nigeria, Nsukka, and has built and donated a student hostel at the Nnamdi Azikiwe University, Awka. He has built and fully equipped with state-of-the-art tech a 160 seating capacity ICT centre for the Nigerian Defense Academy, Kaduna.

He is also building a 3,000 seat Catholic Cathedral for the Nnewi Diocese. He was a lead donor in refurbishing St. Peter’s Catholic Church in Umuanuka Otolo, Nnewi, his home church, and has generously donated N60 million for the acquisition of the Bishop’s Court for the Anglican Diocese of Awka. He has also materially supported bishops and other clergymen of various religious denominations across Anambra State.

He has distributed kerosene to all the regions of Nigeria - including areas in turmoil – in order to alleviate the plight of the poor masses, who would have no access to these products otherwise.

11 comments: Leave Your Comments

  1. Samanthar Jamreicha26 February 2016 at 04:30

    This man... OMG

  2. These are the kind of men I love to read about and follow. Coming from nothing to something. #incredible

    1. Not children of minister n govt cousin or uncle

  3. ...and he is now a Rotarian (AKAS)... Service Above Self!

  4. ...and he is now a Rotarian (AKAS)... Service above self!

  5. This is kind of person I will love to have as mentor

  6. Onye nna! Please I have no job, help me to get one in stand, God will add more Blessing to you and your family long life tanx. WWW. or 08068820561, I m from orlu IMO state, God guide you Amen.

  7. You are a great African. you have succeeded in building the security and production element of power now what is left is the financial and knowledge element of power. its time to invest in innovations and financial structures in Africa. new forms of energy are emerging so invest now to multiply your wealth in a geometric progression. God Bless Big brother you are an inspiration to Africa.

  8. great story. I like the testimony of men like Ibeto. He has helped many men from his town to greatness. Did it make smaller? No, rather he is increasing every day. And so are the number of great men who owe their success to him. A big lesson to many of our rich men.

  9. A story that touches the heart. First child of a teacher became a millionaire at age of 19 yrs so interesting. Hard work pay

  10. This guy have done more than noble....He is a genius,an icon and have visions and prospect in life.Dss please don't stop this burning candle.No what so ever look back on his past achievements never sentence him to death.If in a western world they will not kill him.The youths needs him.


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