Sam Iwuajoku is a consummate businessman and entrepreneur with a keen eye for new opportunities. Sam holds a degree in Chemical Engineering from the University of California and has extensive experience in the Oil & Gas, Steel and Commodities industries. He is the Director and sole owner of Steelman Nigeria Ltd. (Steel and Billets), Intercity Commodities Ltd. (Bulk commodities supplier), Corporate Oil and Gas Ltd. (Oil and Petroleum Products), Unigate Investments Ltd. (Stock Trading Company)
Having purchased a Hawker 800 business jet in the late 1990s, his interest in aviation has grown to include aviation services and construction.
Iwuajoku made his fortune importing rice and steel rods, while leveraging his extensive political connections to obtain a series of generous import duty waivers from the Nigerian government. Among other ventures, he reinvested in private aviation services. His company, Quits Aviation services is one of the few fixed-base operators in the country. Quits Aviation Services owns a large maintenance hangar at the Murtala Muhammed International airport in Lagos and a jet charter service.
After founding Quits Aviation Services Ltd. and Afri Infrastructure Development Ltd in 2008 and 2011, Sam has completed and operates the first and only world class general aviation services facility at Lagos International Airport in partnership with ExecuJet Aviation Group.
In 2008, Sam as chairman of Corporate Oil & Gas led a 22 man executive management team of Dubai World headed by Mr Sultan Ahmed bin Sulayem, chairman of Dubai World to Abuja where they held strategic talks with the then Nigerian President Mr Umara Musa Yar’Adua for a USD 5 billion investment to be ploughed into Nigeria’s economy by Dubai World for the building of a new seaport in Lagos, a refinery and petrochemical plant, building of a new satellite city in Abuja, hotels and power plants. President Mr Umara Musa Yar’Adua fell gravely soon thereafter and passed away in early 2010. As a result of this strategy and other setbacks regarding import waivers, this project has since been put on hold. Our siource hinted us that Sam is doing all in his capacity to bring this back to life.
Once the 7th richest Nigerian and the 39th in Africa, Sam is a close friend and business associate of Mr Aliko Dangote, cement tycoon and owner of the Dangote Group featured in the Forbes List.