![Tony Elumelu](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="%231b1b1b" class="bi bi-person-fill" viewBox="0 0 16 16"><path d="M3 14s-1 0-1-1 1-4 6-4 6 3 6 4-1 1-1 1zm5-6a3 3 0 1 0 0-6 3 3 0 0 0 0 6"/></svg>)
Tony Elumelu
Chairman at
TRANSNATIONAL CORPORATION PLC
Net worth: 1 575 M $ as of 29/09/2026
Profile
Mr. Anthony O.
Elumelu is a Group Chairman at Heirs Energies Ltd., a Chairman at Africa Exchange Holdings Ltd., a Chairman at Transnational Corp.
of Nigeria Plc, a Chairman at Tony Elumelu Foundation, a Chairman at Heirs Holdings Ltd., a Chairman at AMoney, a Chairman at Tenoil Petroleum & Energy Services, a Chairman at Trans-Niger Oil & Gas Ltd., a Co-Chairman-Food Security Strategy Group at The Aspen Institute, Inc. and a President at West African Bankers' Association.
He is on the Board of Directors at Seplat Energy Plc, United Bank for Africa (UK) Ltd., East Africa Exchange Ltd., Sustainable Energy For All Initiative and National Competitiveness Council of Nigeria.
Mr. Elumelu was previously employed as a Group Chairman by United Bank for Africa Plc, a Chief Executive Officer & Group Managing Director by United Bank for Africa Plc, a Non-Executive Director by Africa Finance Corp., a Chairman by Forum Mondial de L'Economie, a Principal by Generation Unlimited, a Chairman by Transcorp Power Plc, a Chairman by United Metropolitan Nigeria Life Insurance Ltd., and a Chairman by Valucard Nigeria Plc.
He also served on the board at Corporate Council on Africa, Heirs Alliance Ltd., HH Capital Ltd. and Transcorp Hilton Hotel.
He received his undergraduate degree from Ambrose Alli University and a graduate degree from the University of Lagos.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
SEPLAT ENERGY PLC 21.07% | 29/09/2026 | 126,400,000 ( 21.07% ) | 1 283 M $ | 29/09/2026 |
| 30/12/2025 | 6,033,280,882 ( 13.65% ) | 206 M $ | 29/09/2026 | |
| 30/12/2025 | 3,068,208,160 ( 30.19% ) | 85 M $ | 29/09/2026 |
Tony Elumelu active positions
| Companies | Position | Start |
|---|---|---|
| TRANSNATIONAL CORPORATION PLC | Chairman | 16/10/2011 |
| SEPLAT ENERGY PLC | Director/Board Member | 21/01/2026 |
Sustainable Energy For All Initiative
 Sustainable Energy For All Initiative Miscellaneous Commercial ServicesCommercial Services Operates as an international development organization for governments, businesses, financial institutions and development partners | Director/Board Member | - |
Trans-Niger Oil & Gas Ltd. | Founder | - |
East Africa Exchange Ltd.
 East Africa Exchange Ltd. Investment Banks/BrokersFinance Provides commodity exchange services | Director/Board Member | - |
Africa Exchange Holdings Ltd.
 Africa Exchange Holdings Ltd. Investment Banks/BrokersFinance Develops commodity exchanges across Africa which provides farmers with access to global markets | Founder | 31/12/2011 |
AMoney
 AMoney Packaged SoftwareTechnology Services Provides technology solutions for cross-border payments, unification of mobile wallets and financial inclusion | Chairman | - |
Tenoil Petroleum & Energy Services
 Tenoil Petroleum & Energy Services Financial ConglomeratesFinance Management buyout group | Chairman | - |
Tony Elumelu Foundation
 Tony Elumelu Foundation Investment Trusts/Mutual FundsMiscellaneous Functions as a foundation or endowment | Founder | 30/09/2010 |
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Former positions of Tony Elumelu
| Companies | Position | End |
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Education of Tony Elumelu
Experiences
Positions held
Active
Inactive
Listed companies
Private companies
Connections
66
1st degree connections
27
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Private companies | 27 |
|---|---|
Transnational Corp. of Nigeria Plc
 Transnational Corp. of Nigeria Plc Electric UtilitiesUtilities Engages in electricity generation, distribution, rooms, sale of food, beverage products, shop and event hall rental, petroleum products exploration, refining & marketing services | Utilities |
United Bank for Africa Plc
 United Bank for Africa Plc Major BanksFinance Provides commercial banking services | Finance |
The Aspen Institute, Inc.
 The Aspen Institute, Inc. Miscellaneous Commercial ServicesCommercial Services Operates institute that fosters leadership skills | Commercial Services |
Transcorp Hilton Hotel
 Transcorp Hilton Hotel Hotels/Resorts/Cruise linesConsumer Services Operates a 670-room hotel | Consumer Services |
Forum Mondial de L'Economie
 Forum Mondial de L'Economie Miscellaneous Commercial ServicesCommercial Services Operates as political, business and cultural organizations | Commercial Services |
University of Lagos
 University of Lagos Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
Corporate Council on Africa
 Corporate Council on Africa Miscellaneous Commercial ServicesCommercial Services Operates business associations | Commercial Services |
United Bank for Africa (UK) Ltd.
 United Bank for Africa (UK) Ltd. Investment Banks/BrokersFinance Provides brokerage services | Finance |
Africa Finance Corp.
 Africa Finance Corp. SupranationalGovernment Operates as a multilateral development financial institution | Government |
Seplat Energy Plc
 Seplat Energy Plc Oil & Gas ProductionEnergy Minerals Engages in exploration of oil and gas properties | Energy Minerals |
Valucard Nigeria Plc
 Valucard Nigeria Plc Financial ConglomeratesFinance Provides financial and technology services | Finance |
United Metropolitan Nigeria Life Insurance Ltd.
 United Metropolitan Nigeria Life Insurance Ltd. Financial ConglomeratesFinance provides investment services | Finance |
West African Bankers' Association | |
Ambrose Alli University
 Ambrose Alli University Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
Heirs Holdings Ltd.
 Heirs Holdings Ltd. Investment ManagersFinance Provides investment services | Finance |
HH Capital Ltd.
 HH Capital Ltd. Financial ConglomeratesFinance Engages in investment activities | Finance |
Africa Exchange Holdings Ltd.
Africa Exchange Holdings Ltd. Investment Banks/BrokersFinance Develops commodity exchanges across Africa which provides farmers with access to global markets | Finance |
East Africa Exchange Ltd.
East Africa Exchange Ltd. Investment Banks/BrokersFinance Provides commodity exchange services | Finance |
National Competitiveness Council of Nigeria | |
Transcorp Power Plc
 Transcorp Power Plc Electric UtilitiesUtilities Generates and supplies gas-fired electric power | Utilities |
Sustainable Energy For All Initiative
Sustainable Energy For All Initiative Miscellaneous Commercial ServicesCommercial Services Operates as an international development organization for governments, businesses, financial institutions and development partners | Commercial Services |
Tony Elumelu Foundation
Tony Elumelu Foundation Investment Trusts/Mutual FundsMiscellaneous Functions as a foundation or endowment | Miscellaneous |
Tenoil Petroleum & Energy Services
Tenoil Petroleum & Energy Services Financial ConglomeratesFinance Management buyout group | Finance |
AMoney
AMoney Packaged SoftwareTechnology Services Provides technology solutions for cross-border payments, unification of mobile wallets and financial inclusion | Technology Services |
Heirs Alliance Ltd. | |
Trans-Niger Oil & Gas Ltd. | |
Generation Unlimited |
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