Gabriel Ogbechie Explained

Gabriel Ogbechie
Birth Date:1966 5, df=yes
Birth Place:Lagos, Nigeria.
Nationality:Nigerian
Education:Bachelor of Science (BSc), Production Engineering.
University of Benin
Occupation:Business Executive
Years Active:1997–present
Known For:Rainoil Limited
Founder and Group Managing Director of Rainoil
Spouse:Godrey Ogbechie
Children:3

Gabriel Ogbechie (OON) (born 28 May 1966) is a Nigerian Billionaire businessman and philanthropist who founded the Rainoil Group, one of Nigeria's largest indigenous oil and gas company.[1] [2] [3]

Early life and education

Ogbechie hails from Idumuje Ugboko in Aniocha North Local Government Area of Delta state[4] and was born to an average home and the fifth of six children. He attended Queen of the Niger Primary School, Onitsha, and St. Patrick's College, Asaba, after which he proceeded to the University of Benin (Nigeria), where he obtained a Bachelor of Science (B.Sc.) degree in Production Engineering.[5] [6]

Gabriel Ogbechie is a pioneer member of the Lagos Business School Owner Manager Programme 2002 and an alumnus of the Harvard Business School’s 57th Owner/President Management Programme. In 2016, he was awarded an Honorary Doctorate (D.Sc.) in Technology Management by Novena University, Ogume, Delta State.

Career

Early career

Ogbechie began his career working in an Accounting firm before landing his first job as a Sales Operations Manager in the oil and gas industry in the early 1990s.[7]

Rainoil Limited

In 1997, Ogbechie founded Rainoil Limited.[8] [9] The downstream oil and gas company owns three state-of-the-art petroleum product storage depots, strategically located across Nigeria. These depots, each with a substantial 50 million litre capacity, are situated in Oghara, Delta State; Calabar, Cross River State; and Ijegun Egba, Lagos State.[10] In addition to its storage facilities, Rainoil Limited manages a network of over 150 retail petrol stations and LPG plants across Nigeria. The company has a fleet of more than 250 petroleum product tank trucks for efficient distribution to its network of stations and customers.[11]

In December 2017, Rainoil announced the annual Rainoil Tennis Open in partnership with the Nigerian Tennis Federation.[12] Ogbechie revealed that the objective of Rainoil bankrolling a national open tournament was to pave way for an international tournament that would see stars from various parts of the world come to play in Nigeria.[13] [14]

Preline Limited

In October 2021, Ogbechie's Preline Limited acquired a controlling stake in Eterna PLC, a company quoted on the Nigerian Stock Exchange,[15] [16] thereby making him the Chairman of the Eterna PLC board of directors.

Philanthropy

Through the establishment of the Gabriel Ogbechie Foundation, he has been involved in many philanthropic causes particularly in Delta State, where he provides scholarships to undergraduates, community healthcare services as well as youth employment initiatives.[17]

In 2019, during the COVID-19 pandemic in Nigeria, Ogbechie donated ambulances and other medical equipment to the Federal Medical Centre, Asaba to support the fight against the virus in the country.[18]

Controversy

In December 2020, Ogbechie was accused in a public statement released by his fellow kinsman and Billionaire Ned Nwoko of plotting against him.[19] [20] Ogbechie has since denied the allegations.[21] [22] On November 30, 2022, the Nigerian Police Force, following its investigations submitted to the Federal High Court in Abuja a report clearing Ogbechie of complicity in the alleged assassination plot.[23] [24] [25] Ogbechie has filed a one billion naira suit against Ned Nwoko for defamation of character.[26]

Awards and recognition

In 2018, Ogbechie was named the Downstream Man of the Year at the annual Oil Trading and Logistics Conference which was held in Lagos, Nigeria.[27] [28] On October 11, 2022, in Abuja, Ogbechie was conferred with the honour of Officer of the Order of the Niger (OON) by the Federal Government of Nigeria under the administration of President Muhammadu Buhari.[29] [30] [31]

Personal life

Ogbechie is married to Godrey Ogbechie and both have three children.

Notes and References

  1. Web site: Omuojine . Emmanuel . Celebrating Dr Gabriel Ogbechie's National Honour . 18 October 2022 . Punch Nigeria . 20 January 2023.
  2. Web site: Ajayi . Omokolade . Nigerian oil tycoon Gabriel Ogbechie's Rainoil acquires majority stake worth $26.1 million in Eterna . Billionaires Africa. 2 November 2021 .
  3. Web site: Ndigwe . Chinedu . After 25yrs, Rainoil positions for next growth phase . 27 June 2022 . BusinessDay . 20 January 2023.
  4. Web site: Okowa celebrates Rainoil founder, Gabriel Ogbechie at 54 . Delta State Government . 20 January 2023.
  5. Web site: Amagiya . Florence . The amazing world of Rainoil Boss . Vanguard Nigeria . 20 January 2023.
  6. Web site: GABRIEL OGBECHIE HIS INSPIRING STORY . ThisDay . 20 January 2023.
  7. Web site: CLASS ACT! RAINOIL BOSS, GABRIEL OGBECHIE, DAZZLES AT YES LECTURE . The Capital . 20 January 2023.
  8. Web site: Rain Oil Boss, Gabriel Ogbechie's Success Story to Greatness . CitySpy . 25 July 2022 . 20 January 2023.
  9. Web site: Gabriel Ogbechie: How Nigerian Billionaire Oil Tycoon Started Rainoil With N.3m 25 Years Ago . BigPen Nigeria . 29 June 2022 . 20 January 2023.
  10. Web site: Gabriel Ogbechie – Meet the Top 10 Oil Tycoons Fueling Nigeria . 25 September 2017 . Top 10 Magazine . 20 January 2023.
  11. Web site: Anaeto . Emeka . Celebrating Dr Ogbechie on his National Honours . Vanguard Nigeria . 29 September 2023.
  12. Web site: RAINOIL Boosts Youth, Sports Development With Tennis . Independent Nigeria . 20 January 2023.
  13. Web site: Rainoil explains investment in Nigerian tennis development . Infotrust Nigeria . 12 December 2017 . 20 January 2023.
  14. News: We need more tennis stars in Nigeria-Owoseni . The Nation Newspaper . 23 May 2017 . The Nation . 20 January 2023.
  15. Web site: Joseph . Olaoluwa . Preline Limited launches takeover bid for Eterna Plc . International Centre for Investigative Reporting . 28 February 2023.
  16. Web site: Preline Limited Takes Over Eterna Plc, Eyes LPG Sector . Transport Day . 28 February 2023.
  17. Web site: Adebola . Bolatito . Rainoil Boss, Gabriel Ogbechie’s Love For Education . Independent Nigeria . 28 February 2023.
  18. Web site: Sowande . Bimbo . COVID-19: Rainoil boss, Ogbechie donates two ambulances, ventilators and medical equipments to FMC, Asaba . The Nigerian Xpress . 28 February 2023.
  19. Web site: Revealed! Why Rainoil owner,Gabriel Ogbechie Was Arrested . First Weekly Magazine . 20 January 2023.
  20. Web site: Lawal . Mayowa . Who Is Afraid of Rainoil Chairman, Gabriel Ogbechie? . ThisDay . 20 January 2023.
  21. Web site: Why Ned Nwoko Is After Gabriel Ogbechie…His Baseless Assassination Plot . The Elites . 28 January 2021 . 20 January 2023.
  22. Web site: Atori . Daniel . Rainoil's Gabriel Ogbechie Punctures Arrest Tale . 10 December 2020 . News Telegraph Nigeria . 20 January 2023.
  23. Web site: Police clear Ogbechie of allegation by Prince Ned Nwoko . December 2022 . Guardian Nigeria . 20 January 2023.
  24. Web site: Police investigation clears Ogbechie of allegations by Ned Nwoko . Vanguard Nigeria . 20 January 2023.
  25. Web site: Ugwu . Simon . Police investigation exonerates Gabriel Ogbechie allegations by Ned Nwoko . Energy Frontier . December 2022 . 20 January 2023.
  26. Web site: Gabriel Ogbechie Slams N1 Billion Lawsuit against Prince Ned Nwoko . Energy Focus Report . 20 January 2023.
  27. News: Rainoil boss wins oil industry Man of the Year award . The Nation Newspaper . 11 November 2018 . The Nation . 20 January 2023.
  28. Web site: Godswill . Alison . Gabriel Ogbechie wins Oil Industry Downstream Man of the Year Award . The Daily.
  29. Web site: Buhari to confer OON National Honour on Gabriel Ogbechie, Rainoil Boss . Champion News . 2 October 2022 . 20 January 2023.
  30. Web site: Oye . Chijioke . Community Applauds Rain-Oil Boss for National Award . The Pointer . 20 January 2023.
  31. Web site: Macaulay . Wilson . Okowa's EAC Congratulates Rainoil Boss, Ogbechie Over OON National Honour . Independent Nigeria . 20 January 2023.

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