About the Fajemirokun family, one of the richest families in Nigeria

The Fajemirokun family is one family that doesn’t currently feature prominently on the rich list but their investments still exist in various sectors of the economy.

The precursor of this family, Henry Oloyede Fajemirokun was a trade unionist that later became one of the major Nigerian industrialists and businessmen.Fajemirokun was the one that led the negotiations to establish a merchant bank bringing in First Bank of Boston (later Bank of Boston). This would later lead to the establishment of Nigerian-American Merchant Bank Limited (NAMBL).

He also founded Henry Stephen, a pioneer company in the Nigerian Oil industry. It was the first indigenous private oil company to get an offshore exploration license in the country’s first ever offshore licensing round of oil prospecting licenses (OPL) in 1970.