Project Description

Prince Arthur Eze

Place of Birth

Lagos, Nigeria

Industry

Oil

Prince Arthur Eze

Business

Known as the eighth wealthiest person in Africa, Prince Arthur Eze is a Nigerian oil tycoon. After completing his secondary education at St Augustin Secondary School in Nkwere in Nigeria, Eze attended the California State University at Long Beach, where he graduated in 1978 with a degree in chemical and mechanical engineering. In 1991 Eze founded Atlas Oranto Petroleum with the goal of exploring oil options in West Africa. With more blocks than any other company in Africa, Atlas soon became the biggest oil exploration company in Africa, and it continues to grow. In 2010 the oil magnate reportedly made US$200 million and his net worth as in 2016 is estimated at US$5.8 billion.

Philanthropy and Sponsorship

Known throughout Africa as a generous philanthropist, Prince Arthur Eze donates a large portion of his substantial income to charitable ventures including educational causes, universities, health care, anti-crime initiatives, disaster relief, politics and youth development. Eze started the non-governmental organization (NGO) called Prince Arthur Eze Philanthropy and Empowerment International to drive his philanthropic activities. The NGO was started in 2014 and its mission is to set up an organized structure and consolidated channels of empowerment and philanthropy. The organization’s motto is to celebrate prosperity with philanthropy and to empower humanity with generosity. Examples of Eze’s philanthropic activities include:

Politics – As a major donor to the People’s Democratic Party (PDP), which is the ruling party of Nigeria, Eze is a firm supporter of President Goodluck Jonathan and the various initiatives he is affiliated with.

Disaster Relief – In 2012 Eze generously donated US$6.3 million towards relief efforts in Nigeria when the country was devastated by massive floods. His donation had a massive impact on restoring services and rebuilding lives.

Youth Development – In 2013 Eze’s philanthropic actions made headlines in newspapers across the continent when he attended a fundraising dinner and donated US$12 million towards funding the construction of an Anglican Church Youth Development Centre. The centre is called the St. Stephen’s Anglican Deanery and Youth Development Centre and is located in Bayelsa State in the Niger Delta region of Nigeria – the hometown of the Nigerian president. The center offers training facilities that help students gain a formal education as well as hospitals and a skills center where students can acquire a variety of trade skills. The center also offers start-up capital and various other forms of support to budding entrepreneurs. Eze was the largest individual donor along with other wealthy Nigerians like Jim Ovia, Tony Elumelu and Oba Otudeko.

Health Care – In 2016 Eze donated US$15.9 million to the Association of People Living with Sickle Cell Disorder (APLSCD). The donation was made in aid of a lifeline for a Sickle cell standard clinic at Ukpo, Dunokofia Council Area of Anambra State.

Anti-crime – A sum of US$1 million was donated by Eze towards a state initiative with the aim of cracking down on criminal activity.