Anambra Billionaire Oil Mogul, Boniface Madubunyi is Dead

Respected Anambra Business Mogul, Chief Boniface Madubunyi is dead.

He died in London at 90 years. Dr Madubunyi is the Founder of Mabon Oil ,one of the earliest major players in the petroleum industry in the country.

Despite founding Nigeria’s most successful hydrocarbon geophysical consulting firm and contributing significantly to the development of the oil and gas sector, Boniface Madubunyi, who died at 90 on May 13th in London, was practically unknown to the Nigerian public. That’s the way he wanted it. Very few persons anywhere can be so successful and yet so self-effacing, almost monastic in their lifestyle.


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Madubunyi, an engineer trained at the University of Manchester in the early 1960s who was given the Member of the Federal Republic (MFR) national honour under the President Olusegun Obasanjo administration, set up a geophysical firm, Mabon Geophysical Surveys Ltd, that competes effectively with Western ones. Statoil of Norway, now Equinor, Shell, and Chevron to name and some others invested in Nigeria’s offshore in 1992 based on data and analyses from Mabon. Madubunyi was the first Nigerian person to own oil blocks in both the United States and Europe.

He invested across various sectors, from power generation to real estate to oil exploration and production, yet he shunned labels like a ‘wealthy man’ or ‘entrepreneur.’ He preferred to be seen as a professional consultant. He embodied humility and professionalism.

– Anambrapeople

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