MEET WIVES OF NIGERIAN BILLIONAIRES CARVING THEIR OWN INDEPENDENT LEGACIES
Ofovwe Aig-Imoukhuede. | Credit: Faith Ajayi
These women have risen with quiet power and unyielding grit in the shadows of their billionaire husbands’ towering legacies. Forging empires in laundry, healthcare, oil trading, manufacturing, governance reforms, fintech, pharmaceuticals, and education, they blend boardroom prowess with heartfelt philanthropy, empowering widows, youth, and communities. They prove that true power blooms independently, beyond borrowed spotlights. Faith Ajayi writes
Awele Elumelu
Dr Awele, wife of UBA Chairman Tony Elumelu, stands out as a physician-entrepreneur whose career bridges medicine and social investment.
Born on June 23, 1970, in Delta State, she earned her MBBS from the University of Benin and began her medical career at Lagos University Teaching Hospital. Her journey later took her to the UK’s Grantham and District Hospital, where she gained experience in paediatrics, obstetrics, and emergency medicine before returning to Nigeria.
In 2009, she co-founded Avon Medical Practice, now a chain of over 20 clinics serving more than 500,000 people annually. As CEO, she also oversees Avon Healthcare Limited, established in 2013, which has revolutionised affordable health insurance, providing coverage for over one million Nigerians through tech-driven solutions.
Her contributions to global health have earned her the GAVI Private Sector Champion for Immunisation award and the Appeal of Conscience Award for Health Equity in 2025. Yet, Awele insists, “These aren’t trophies—they’re tools to touch more lives.”
As a founding director of Heirs Holdings and co-founder of the Tony Elumelu Foundation, she helps steer billions in investments and entrepreneurial funding across Africa. Through TEF, she has helped empower over 21,000 entrepreneurs with grants and training.
Married to Tony since 1993 and blessed with seven children, Awele has mastered the art of balance. “Motherhood is my fiercest boardroom,” she once joked on a TEF podcast, recalling how she juggled raising triplets with running Avon’s audits.
Shade Okoya
Born on April 25, 1977, in Lagos, Folashade Adeleye grew up in a modest home where her parents, though not wealthy, instilled in her the values of hard work, integrity, and ambition. She began her education at St. Bernadette Nursery and Primary School between 1986 and 1991, then proceeded to Awori Anglican Comprehensive High School, where she completed her secondary education in 1997. Shade later obtained a National Diploma in Banking and Finance from Lagos State Polytechnic (1997–1999) and a Bachelor of Science degree in Sociology from the University of Lagos (1999–2004), balancing motherhood with academic pursuit.
In 1999, at the age of 21, Shade met Aare Rasaq Okoya, the billionaire industrialist and founder of the Eleganza Group. Their marriage that same year made headlines due to their age difference, but Shade dismissed the chatter, famously saying, “Age is just a number when love is real.”
After their wedding, she joined the family business and carved her own niche within it. Today, she serves as the Managing Director and CEO of Eleganza Industrial City—a sprawling 35-hectare manufacturing hub producing plastics, diapers, chairs, coolers, bags, and other consumer goods, employing over 3,000 Nigerians.
Her leadership extends across multiple subsidiaries, including Eleganza Fashion Products Limited, Eleganza Cruise and Travels Limited, and RAO Investment Property Company Limited, all under her direction. Her achievements have earned her numerous honours, including the national award of Member of the Order of the Niger in 2021, and recognition as a Distinguished Alumnus by the University of Lagos in 2024.
A devoted wife and mother of four — Olamide, Subomi, Oyinlola, and Wahab — Shade also dedicates her time and resources to philanthropy. She founded the Shade Okoya Kids Cup football tournament in 2023 to promote youth sports and regularly supports scholarships for underprivileged students. She also sponsors pilgrimages to Mecca and Jerusalem for Muslims and Christians alike.
Over the past 15 years, Shade has received more than 18 awards, including an Honourary Doctorate of Science in Business Management and Corporate Leadership from the European American University in 2014 and the Most Valuable Business Executive of the Year the same year.
From humble beginnings to the boardroom, Shade’s story is one of vision, perseverance, and purpose; a reminder that any woman, regardless of background, can build her own empire.
Kay Ovia
As the wife of Zenith Bank founder and Chairman, Jim Ovia, Kay is armed with an MBA in Management from the Enugu State University of Technology, Kay’s career predates her 1990s marriage to Jim. She has since built a remarkable career in tech leadership—serving as Chairman of Cyberspace Limited, a pioneering Lagos-based software engineering company, and as MD/CEO of Quantum Markets Limited, part of the Quantum Group, Inc.
Under her leadership, Cyberspace Limited has become one of Nigeria’s leading providers of software solutions for banks, telecoms, and governments. Her work earned her the Tech Trailblazer Award at the 2019 Women in Tech Africa Summit for mentoring over 200 young female coders.
Beyond boardrooms, Kay is a quiet force in philanthropy. Through the Jim Ovia Foundation, she supports scholarships, rural healthcare projects, and youth empowerment initiatives. Her Star Rising Talent Hunt, launched in 2010, has discovered over 500 young talents through televised competitions.
At the 2022 launch of her husband’s memoir, Africa Rise and Shine, Jim dedicated a chapter to Kay, writing that she “codes stability into chaos.” Married with five children, she remains the family’s steady anchor, blending empire-building with empathy.
Ofovwe Aig-Imoukhuede
Wife of billionaire banker and philanthropist Aigboje Aig-Imoukhuede, Ofovwe stands tall as a philanthropist, lawyer, and banker with more than 30 years of experience spanning finance and social impact.
Born in Lagos on January 18, 1970, to civil servant parents, Fred Brume and Evelyn Oputu, Ofovwe’s rise was built through diligence, not privilege. She holds degrees from King’s College London, Cambridge University, and the London School of Economics. Her career began at Nigeria International Bank (now Citibank Nigeria) in 1992 and continued at FBN (Merchant Bankers), where she rose through the ranks.
But her most enduring legacy is in philanthropy. In 2009, she co-founded the Aig-Imoukhuede Foundation with her husband. As Executive Vice-Chair, she drives the Foundation’s $100m endowment across two pillars: transforming public service delivery and expanding access to quality healthcare.
Through partnerships with Oxford University’s Blavatnik School of Government, the Foundation has trained scores of public servants, while its Adopt-A-Healthcare-Facility programme has revitalised community health centres across Nigeria.
Ofovwe also serves as Vice-Chair of The Ovie Brume Foundation, dedicated to empowering underserved children through education. Her commitment to governance reform and leadership development earned her recognition at the 2025 Arise Women of Impact Gala in Lagos, where she was honoured for “driving systemic change.”
Despite her packed schedule, she remains deeply family-oriented. “Our home is our first foundation,” she once said on her foundation’s podcast, where she and her husband often discuss family, faith, and leadership.
Daisy Danjuma
Elegant, accomplished, and fiercely independent, Senator Daisy Danjuma has built a life of distinction as a lawyer, business executive, legislator, and philanthropist.
Born on August 6, 1952, in Benin City, Edo State, Daisy is the fourth of eight children of Ighodaro and Mary Ehanire. Raised by an aunt married to a police officer, her early years taught her resilience and adaptability. After completing her secondary education at Government Secondary School, Benin, she earned a Law degree from Ahmadu Bello University, Zaria, in 1976 and was called to the Nigerian Bar in 1977. She is also an alumna of the Lagos Business School.
Daisy began her career as a State Counsel at the Lagos State Ministry of Justice and later served as a pioneer Legal Counsel for the Legal Aid Council during her NYSC year. She subsequently joined the investment firm Nigerian Acceptances Ltd, and later spent a decade as Company Secretary and Legal Adviser to the Nigerian Television Authority (1982–1992).
In 2003, Daisy broke political barriers when she was elected as the first female senator representing Edo South, serving on several committees, including Women Affairs and Youth Development, and the ECOWAS Parliament’s Committee on Women and Children’s Rights.
After her legislative tenure, she transitioned into private enterprise and corporate leadership, serving as Executive Vice Chairman of SAPETRO until 2023, when she was appointed Executive Chairman of the company, overseeing five assets across four countries.
She also chairs the boards of May & Baker Nigeria Plc, the Hannah Idowu Dideolu Awolowo Foundation, and the Lagos Public Interest Law Partnership, while sitting on the boards of several advocacy and philanthropic organisations.
Through the TY Danjuma Foundation, Daisy supports over 50 NGOs across Nigeria, impacting millions through education, healthcare, poverty alleviation, and women’s empowerment programmes.
Her accomplishments have earned her numerous accolades, including honorary doctorate degrees from the University of Ibadan, University of Benin, and Redeemer’s University. She was also named Woman of Steel (MOI 2025) and African Iconic Female Entrepreneur.
In a 2022 interview with City People Online, Daisy spoke candidly about independence and self-worth, “I have earning power, so I spoil myself. My husband doesn’t spend anyhow on a woman. If you have extra taste, then work and earn it. I earn enough to spoil myself because I’m hardworking.”
Married to General Theophilus Danjuma (retd.), Daisy is a proud mother of five. Her life remains a symbol of elegance, intelligence, and the power of self-made success.
Nana Otedola
It was a serene day on September 8, 2025, when billionaire businessman, Femi Otedola, rose to toast his daughter Temi’s wedding to Mr Eazi. But his most emotional words weren’t for the bride. Turning to his wife, Nana, he said, “I give all credit to Nana. She sacrificed everything—even putting up with my flaws—to ensure our children were cared for and loved every moment.”
For Nana, 59, that moment was simply another reminder of a life defined not by her husband’s billions but by her own relentless drive. The Nigerian-Ghanaian entrepreneur, who moved to London, United Kingdom, at a young age and built her career there, returned to Lagos in 1999 to establish Garment Care, a dry-cleaning and laundry business that today serves top hotels, elite clients, and homes across Nigeria, employing over 500 people.
Before becoming an entrepreneur, she spent 13 years in management at Freshade Energy Limited in the United Kingdom. At a time when Femi’s business empire was still taking shape, Nana was already charting her own path—launching Garment Care from scratch, building it through discipline and “high standards,” as she shared in a 2020 Woven Threads chat.
Beyond business, Nana is a quiet philanthropist, funnelling profits into health, education, and clean water projects across Nigeria. Though she maintains a low public profile, her children never fail to celebrate her achievements.
On August 4, 2024, DJ Cuppy wrote on X (formerly Twitter): “In 1999, my mum, Nana Otedola, founded @GarmentCareLTD. Twenty-five years later, it’s the best dry-cleaning business in the whole country! Watching you grow this from humble beginnings has reminded me always to strive for perseverance and excellence.”

Nana Otedola