Meet Henry Fajemirokun, One Of The Richest Nigerians In The 60s

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Henry Fajemirokun was born in Ile Oluji, Ondo State. He was educated at St Luke’s School, Oke-igbo (1937–1940), CMS Grammar School, Lagos (1941–1942) and the Ondo Boys High School (1942–1944). 

After Ondo Boys school, he joined the Royal West African Frontier Force and served in India during World War II.

After the war, he joined the Post and Telegraph Department as a clerk. He was a member of the workers’ union in the department and rose to become president of the department’s ex-servicemen’s union in 1948.

In 1952, he became president of the Post and Telegraph’s Clerical and Workers Allied Union. He started private business in 1955 from a loan he received from a relative.

He entered the agricultural export sector, exporting cattle bones as his first product, then hides and skin, rubber, coffee and shea nuts. He earned the trust of buyers who extended letters of credit to finance his business.

He added other ventures into his business activities, in 1962, he started the a maritime services firm.

In the 1960s he started a massive importation of cement from Egypt and Poland. He received funding for this particular venture from a credit facility that had been provided to him by a British bank in London.


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