About us

Our portfolio spans the power, oil and gas, financial services, hospitality, real estate and healthcare sectors, operating in twenty-three countries worldwide.

We are inspired by Africapitalism, the belief of our Founder, Tony O. Elumelu, that the private sector is the key enabler of economic and social wealth creation in Africa.

Driven by this philosophy, we invest for the long-term, bringing strategic capital, sector expertise, a track record of business turnaround success and operational excellence to companies we invest in.

Our philanthropic Foundation catalyses entrepreneurship across Africa, through the USD $100million Tony Elumelu Foundation Entrepreneurship Programme, advocacy and research.

We are long-term
investors in Africa’s
most strategic sectors

Our LEADERSHIP

Deeply rooted in our employees are our values, which drive us towards a common sense of purpose to create long lasting value for our stakeholders.

MANAGEMENT TEAM

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Tony O. Elumelu, CON
Chairman

Tony O. Elumelu is an economist by training, a serial entrepreneur, and philanthropist.

He is the Founder and Chairman of Heirs Holdings Ltd, an African proprietary investment company, with interests in power, oil and gas, financial services, hospitality, real estate and healthcare, present in twenty African countries.

Tony is known for his significant contribution to entrepreneurship in Africa. In 2010, he created The Tony Elumelu Foundation, which has committed $100m in a 10-year programme to fund, mentor and train 10,000 African entrepreneurs. The Foundation’s mission is inspired by Tony’s economic philosophy of Africapitalism, which positions the private sector as the key enabler of economic and social wealth creation in Africa.

He sits on numerous public and social sector boards, including the global advisory board of the United Nations Sustainable Energy for All Initiative (SE4ALL), USAID’s Private Capital Group Partners Forum (PCG), and is Co-Chair of the Aspen Institute’s Global Food Security Working Group.

Tony serves on the international advisory board of the Washington DC-based think tank the Wilson Center and is a member of the Global Advisory Council of the Harvard Kennedy School’s Centre for Public Leadership. He is also a member of the World Economic Forum Community of Chairmen. In 2018, he joined other global leaders as one of the inaugural Board Members of Generation Unlimited, an initiative of the United Nations refocused youth agenda.

DR. A.V ELUMELU
CEO, Avon Medical Services

Dr Awele V. Elumelu oversees the healthcare investments in the Heirs Holdings' portfolio. She holds a Bachelor of Medicine, Bachelor of Surgery degree from the University of Benin.

Her experience as a medical doctor includes medicine, surgery, paediatrics, obstetrics, gynaecology and emergency medicine. In Nigeria, Dr Elumelu has worked with the Lagos University Teaching Hospital and in the UK, with Grantham and District Hospital, Grantham.

In January 2018, Dr Elumelu was appointed as the Champion for immunisation in Africa by the Global Alliance for Vaccines and Immunisation (GAVI).

EMMANUEL NNOROM
Chief Executive Officer

Emmanuel N. Nnorom is CEO of Heirs Holdings. Prior to joining the Heirs Holdings Group, served as CEO of Transnational Corporation of Nigeria Plc, overseeing the Transcorp businesses, including Transcorp Power, Transcorp Hilton, Transcorp Hotel, Calabar and Transcorp Energy.

Prior to Transcorp, Emmanuel had held senior positions at Heirs Holdings and had served as an Executive Director at UBA and Managing Director of UBA Africa, overseeing the Group’s African subsidiaries and executing corporate strategy in 18 African countries. Other senior roles within UBA included Group COO UBA, followed by his appointment as UBA's Group CFO, with responsibility for Finance and Risk.

Emmanuel is qualified as a chartered accountant, and brings over three decades of professional experience in the corporate and financial sectors, working with publicly listed companies. He is an alumnus of Oxford University's Templeton College, and a prize winner and Fellow of the Institute of Chartered Accountants of Nigeria.

Ms. aneke
Independent Non-Executive Director

Ms. Aneke is a board advisor, banker and a strategic thinker with over 30 years’ experience in financial services, in the areas of financial control, strategy, transaction banking, corporate banking, retail banking, and governance. Ms. Aneke has held executive management and board positions in several international and regional institutions, including Citigroup, Ecobank Transnational Incorporated and the United Bank for Africa.

ALEX TROTTER
Independent Non-Executive Director

Alexander Trotter is an investor in public and private companies, with a particular focus on Africa. He began his career at Linklaters, as a corporate lawyer, and currently serves as a partner at Newmarket Asset Management. He has a background in investment management, strategy, and corporate finance, particularly within the financial services sector and has held positions with the United Bank for Africa, UBS Group and Global Asset Management. Alex holds degrees from Oxford University and Imperial College.

Sam Nwanze
Director of Finance & Investments

Sam is responsible for the administration and management of the group’s overall financial activities and investment programmes.

Prior to joining Heirs Holdings, Sam worked in banking institutions in various roles where he oversaw strategy, financial control, performance management, and treasury. He also played a key role in the STB-UBA merger. Sam has a Masters degree in Finance and Management from Cranfield School of Management in the United Kingdom.

Modupe Adesunloye
Director of Human Resources

Modupe Adesunloye is the Group Human Resources Director, Heirs Holdings, where she oversees human capital management in the Group.

She started her career in Human Resources in 1998 with Optima Sports International. Moving on to Airtel Nigeria in 2002, she held various roles including Consultant Human Resources Operations, HR Business Partner, Senior HR Business Partner, and Talent Sourcing Manager. At Airtel, she was the recipient of the Chief Executive Officer’s award for Excellent Interventions & Good Customer Service before leaving the organisation in 2012.

Prior to joining Heirs Holdings, Modupe held the position of Head of HR Operations in Coca Cola Hellenic (NBC) and in 2014, she became the Senior HR Business Partner Manufacturing and Supply Chain Services. She brings in over nineteen years of experience to Heirs Holdings.

Oyindamola Oyeduntan
Legal Adviser

Oyindamola is the Legal Adviser and Company Secretary to Heirs Holdings and is responsible for overseeing all legal matters within the Group. She holds an LL. B (Hons) from Obafemi Awolowo University and was called to the Nigerian Bar in 2007. She obtained an MSc in Law and Finance from Queen Mary University in 2011 where she graduated with a distinction.

Oyindamola’s professional experience includes private legal practice and investment banking. Prior to joining Heirs Holdings, she worked at Dunn Loren Merrifield as the Transaction Legal Counsel. She also worked at Aluko & Oyebode, a foremost Nigerian law firm, where she provided business advisory services on all aspects of corporate commercial law cutting across various industries and sectors.

She has acted as the compliance officer for Dunn Loren Merrifield Securities Limited and AFEX Commodities Exchange Limited and previously served as the acting Company Secretary to Africa Prudential Plc. Oyindamola is a member of the Nigerian Bar Association and a member of the Institute of Chartered Secretaries and Administrators, United Kingdom