About us

Our investment 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 Chairman, Tony O. Elumelu, CON 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


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.


Sign up for email updates

Stay in touch to get exclusive news and insights from across our investment portfolio.

The personal information we collect is used for the purpose for which it was provided to us. We endeavour to keep your personal information secure with the appropriate level of security and will keep for as long as we need for legitimate business or legal reasons. We will then delete it safely and securely.

Tony O. Elumelu, CON

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.

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.

CEO, Avon Medical Practice

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 November 2020, she was appointed to the Yale Institute for Global Health Advisory Board.

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

Andrew Alli
Andrew Alli
Non-Executive Director

Andrew Alli is a finance professional with over 30 years' experience in financing infrastructure and energy projects in Africa. He served as the Chief Executive Officer of the Africa Finance Corporation for 10 years, where he oversaw the institution’s growth from a start-up to a world-class institution and catalyst for African funded infrastructure projects across the continent. Prior to this role, he held a series of positions in investment banking, and with the International Finance Corporation (IFC) in Nigeria and South Africa. Andrew is a fellow of the Institute of Chartered Accountants in England and Wales, he holds degrees from Kings College, University of London and INSEAD.

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.

Dan Okeke
Dan Okeke
Executive Director

Dan is responsible for business development and coordination across the Group’s investment portfolio. He also serves as the Chairman of Heirs Life Assurance Limited.

Prior to joining Heirs Holdings, Dan led consumer, commercial and public-sector businesses, as an Executive Director of the United Bank for Africa Plc, over a career period spanning three decades. Dan is an alumnus of Harvard Business School and the International Institute of Management Development (IMD). He has a B.Sc. in Geography from the University of Nsukka and an MBA in Business Administration from Enugu State University of Science and Technology.

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.

Ayodeji Adigun
Ayodeji Adigun
Chief Financial Officer

Ayodeji is the Group Chief Financial Officer, responsible for the capital management of the Group's financial activities.

Ayodeji has over three decades of banking and finance experience. He worked in various roles within the United Bank for Africa Plc, including the Chief of Staff to the GMD/CEO. Prior to joining Heirs Holdings, he was an Executive Director at Nova Bank. Ayodeji has a B.Sc. Hons in Accounting (First Class) from the University of Lagos. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), an Associate Member of the Chartered Institute of Management Accountants UK (CIMA), and an Associate Member of the Chartered Institute of Taxation of Nigeria (CITA). He is also an alumnus of the Senior Management Programme at the Lagos Business School.

Clari Green
Clari Green
Group Head, Marketing and Corporate Communication

Clari provides overall strategic marketing direction for Heirs Holdings’ portfolio of investments within the financial services, real estate, hospitality, healthcare and energy sectors.

Prior to joining Heirs Holdings, Clari worked in the advertising industry, managing clients' portfolios across diverse sectors, including telecoms, finance, entertainment, and sports, amongst others. She was also a member of the team that launched the Tony Elumelu Foundation Entrepreneurship Programme, the largest African philanthropic initiative committed to empowering African entrepreneurs. Clari holds a Bachelor's degree from the University of Miami and a Master's degree from the University of Applied Sciences and Arts, Northwestern Switzerland. She is a member of the Chartered Institute of Marketing, UK.

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.

Chike Anikwe
Group Company Secretary/Legal Counsel

Chike is the Group Company Secretary/Legal Counsel for Heirs Holdings.

Chike has over seventeen years of experience in legal and transaction advisory, company secretarial and corporate governance. His professional experience includes project financing, corporate, structured and trade finance transactions and general business advisory. Prior to joining Heirs Holdings, he worked with Transnational Corporation of Nigeria Plc as the Group Company Secretary, overseeing legal matters for the power, hospitality and energy businesses of the Group. Chike holds an LL.B (Hons) degree in Law from the University of Nigeria and was called to the bar in 2004. He obtained an LL.M in Corporate & Securities Law from the University College London. He is a member of the Nigerian Bar Association (NBA), the Law Society of England and Wales, the Institute of Chartered Secretaries and Administrators and the Chartered Institute of Taxation of Nigeria. He is also a solicitor of the Senior Courts of England and Wales (non-practising).


We have made changes to our Privacy Policy to better protect your personal data!
Please review and understand our updated Privacy Policy

I agree to the updated Privacy Policy. I understand that the use of my personal data by Heirs Holdings will be in accordance with the updated Privacy Policy.