• Wednesday, May 22, 2024
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Meet Cyril Ajagu, investor in insurance, oil and gas

Meet Cyril Ajagu, investor in insurance, oil and gas

One of Nigeria’s successful businessman and investor in insurance, engineering, oil and gas sectors, Cyril Ajagu recently clocked 60-years. What was exciting on this celebration is not what he has acquired in terms of wealth, but the number of people he has touched their lives who continue to share testimonies of his sound personality.

As a successful businessman, whose entire personality connotes resilience, wisdom and fortitude, Ajagu has faced varying degrees of life challenges, and still able to sustain milestone he has reached.

Cyril Ajagu, chairman of Conau Group holds a major stake in Universal Insurance Plc as well as African Alliance Insurance Plc.

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He studied and qualified as an Engineer with B. (Tech) in Mining Engineering, holds a Masters Degree in Innovation Technology and (Dr. Sc. Hon) in Business Management and Corporate Governance from European -American University and also a Doctorate Degree in Business Admin from Swiss Business School (SBS) Switzerland.

He is a member of the society of Petroleum Engineers and has worked for seventeen years in the Oil and Gas Industry such as Mobil Nigeria and Overseas (North Sea), Schlumberger and Shell Petroleum Development Company (Nigeria) and International, before leaving the industry honourably for greener pastures.

Ajagu is a versatile, astute and well-connected businessman and has business interests in almost all spheres of business areas for the upliftment of mankind.

Staff and Management of African Alliance Plc and Universal Insurance Plc recently hosted him in a surprised birthday to mark his 60th Birthday.

Joyce Ojemudia, managing director/CEO, African Alliance Plc speaking at the event described him as a trusted personality who is committed to growth of people and business.

She prayed that his zest for life and unwavering spirit continue to inspire those around him.

My first encounter with him was in 2004 in his office in Port-Harcourt and I was working with global commerce Nigeria Assurance. Since that encounter, the way I see things has changed.

Ben Ujaotoan, managing director, Universal Insurance Plc, said: ” I worked with him very closely, and noticed that no matter the problem, once you are done discussing with him you will get result.

“His a man that is committed to the things of God and in his business and am happy to be a party of this 60 years celebration.

Chinedu Onyilimba, company secretary, Universal Insurance Plc described Ajagu, as a man of vision and great wisdom endowed with divine intuition to see beyond his years.

He noted that his intelligence, professionalism, and dedication to God, duty and to mankind, inspire him daily.

“Throughout my time working with him, I have witnessed first-hand his sharp intellect and exceptional problem-solving skills have always benefitted both individuals in his various businesses and beyond. His ability to comprehend complex situations and provide effective solutions is truly admirable, and it encourages me to continuously strive for greatness.”

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His exceptional performance has earned him various awards and recognitions such as Paul Harris Fellow and Foundational Member of Rotary Club International; (including being a major donor in Rotary International) ,Fellow of the Institute of Entrepreneurial Studies (Nigeria), Fellow of Chartered Institute of Cost Management of Nigeria. Award of Excellence by the West African Insurance Institute and Federal University of Technology Akure (FUTA), Recipient of Dr. Kwame Nkrumah Africa Leadership Award 2008, Recognition by the Federal University of Technology Akure for being a Major Donor in the University. Recognition by West Africa Insurance Institute (WAII) Banjul, Gambia. The Best of Nigeria Awards for Entrepreneurial excellence 2009, Men of Achievement Award for outstanding achievement in business, 2008 & 2009, Press Gallery Award for Insurance Company CEO of the year 2010, Global Leader of Integrity Merit Award 2012 by Integrity International Magazine, Accra Ghana.