Mworia had earned Sh. Below is top 10 list of highest paid CEOs in Nigeria:-1. Top 10 highest paid CEO in Nigeria. Austin Avuru not only came first in Geology and Geophysics but topped in Petroleum Engineering becoming, in the process, the best overall student, once again. ... Group CEO Oando plc (₦568 million) ... Central, and Eastern Europe. Johan Petrus Burger is a South African businessman and the CEO of FirstRand Limited FirstRand Limited, together with its subsidiaries provide banking, lending, insurance and investment products and services to retail, corporate, and public sector customers. Stephen Avuru himself was not educated but ensured his children went to school in Ipetu Ijesa where he relocated from Abbi in Delta state, following the trail of pioneer migrants who found themselves in faraway present-day Ekiti and Osun states. Jane must be one of the best paid women in Kenya's corporate sector. In the same period, the GDP per Capita went up by 4.3%. He is an African-American singer, songwriter, producer, entrepreneur, philanthropist and actor who is known all over Africa and the world in general. SHARES. Aspen Pharmacare founded in 1997 trades on the Johannesburg Stock Exchange and it markets generic medicines in over 150 countries. Austin Avuru’s mother was only 32, saddled with four children, an elder sister to him and two younger ones – the last only two years. Austin himself proved, from very early on, to be a gifted student, at the top or never far from the top of his class from primary through secondary to university thus benefitting from, along the way, a sheaf of scholarships. He became a millionaire at age 29 when he sold his share in the drug business Covan Zurich for $3 million. But Austin Avuru lived through it all, insisting stoically that “once I have done what I think I need to do and things that I have no control over, I won’t knock my head against it.”. Highest Paid CEOs and Salary Earners in Nigeria. A series of Q&A spread over weeks, he recalled, in sequential order, his life from infancy through adolescence to adulthood for a forthcoming biography, A Safe Pair of Hands. Before becoming the President of South Africa in February 2018, he served as Deputy President from 2014 – 2018. He was given a similar bonus the previous year. Adewale Tinubu – CEO, Oando Plc. Today in Abbi, there is an ultra-modern hospital run by the Catholic Church built singlehanded by one of the town’s most famous sons, Austin Avuru. He is an Alumnus of the University of Johannesburg with a Bcom (Hons) (Accounting) in 1983. A Safe Pair of Hands is a reasonable enough title for a book, you imagine, about an individual whose ambition, after retirement as CEO of Seplat next June, is to devote much of his time to completing the school to be run by Jesuits, modelled after similar institutions known for their academic rigour. However he had significant decrease in salary, she still remained the highest paid female CEO in the United States. However, not every CEO wants to publish such data. So did the corporate top dogs of NNPC watch in admiration when Austin Avuru emerged the best overall student after a four-month course at Petroleum Training Institute, Effurun, Warri, in 1983. There are no comments at the moment, do you want to add one? 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On … For Austin Avuru, there were no such keepsakes to remember his father by. It didn’t take long to know the cause of their early demise, which he summed up at the very first encounter: “It’s not by chance that the average life expectancy then had to do with two things: quality of life and access to health care.”, Four times governor of New York, vice president for two years under Gerald Ford and presidential wannabe, Nelson D Rockefeller, put it bleaker when he said: “If you don’t have good education and good health, then I feel society has let you down.”. Between March and June last year, I was part of a team that interviewed Austin Avuru at two different places in Lagos. Corbat has held the position since 2012. Married for almost a quarter century without a child is even lesser fun, if it is fun at all. 4405. Therefore, it is not easy to find fresh information in media. After years of dedicated service, he was chosen to head the company as CEO in 2003. Co-operative Bank’s Gideon Muriuki is the Best Paid CEO in Kenya with an annual pay of Ksh 376.4 million. But Austin Avuru is anything but that. Thinking that Avuru would dine separately, he sat with us, suggesting that “I hope we can have the interview while eating.”. And then, there is the halo of simplicity around him, his modest carriage, the jokes he recalled about his growing years at home, at Orogun Grammar School, a jogging distance from Abbi, his university days as a Geology student, his active membership in the Student Union and a social club at Nsukka, his professional life as a leading man in the O&G industry, the sail overs and the pitfalls, warts and all. But that notwithstanding, CEOs are the ones at the helm of affairs. It was mandatory for fresh graduate employees in the company to go through a learning process – exploration, geophysics, geology, petroleum engineering and engineering – at the end of which they write exams every week for four months. Austin Avuru’s response is as revelatory of his person as it is his noble intentions: “It gives me a lot of satisfaction, so much satisfaction probably more than anything else. Therefore, it is not easy to find fresh information in media. Unfortunately, Zambia has experienced political instability that has adversely affected … Apart from its choice listings, Seplat Petroleum, industry analysts often say, is the highest paying industry today in Nigeria. Last year, his pay dropped by 75 percent to Sh. 1. CEOs are the highest ranking corporate executives — and their compensation often reflects as much. Agreed, running a company is never a task that can be accomplished by just one person. The company Austin Avuru presides over is not doing particularly badly. To all aspiring CEOs in South Africa, we hope this list will motivate you not to give up on the dream. Victor. With biographies of some prominent Nigerians under his belt (Avante Garde: DJ Jimmy Jatts, The Legend: Shonibare), he is familiar with their whims; one, an entertainer, was notorious for never making it on schedule; another travelled out of the country on a day he was to meet his biographers and stayed for months; and yet, another treated his chroniclers as if he was doing them a favour, plus he was very arrogant, “supercilious like a camel,” someone later sniffed. “He was tall and dark,” they told him, adding that “he was a leader, he was always the one that brought people together and got them to work as a team.”. The award was given to the two best and brightest students in every class in every secondary school across the state. As such, they take most […] 2. Kasikornbank's Banthoon Lamsam was paid a little over $211,000 in 2017 and was the highest-paid at any company headquartered in Thailand, though he failed to crack the Asia top 50 list. As the Group Chief Executive Officer and Executive Director of Woolworths, the total compensation of Ian Moir at Woolworths is R30.6m. The last rating of such was drawn up in 2016. Save my name, email, and website in this browser for the next time I comment. He was formerly the chief operating officer of the company before being appointed a chief executive officer in November 2000. It also offers Clothing, general merchandise, furniture, bedding, loose carpeting, home entertainment etc. ... (UK) and WAPCO (now Lafarge Africa), which he led as Managing Director/CEO for a decade before taking up the appointment as Managing Director/CEO of the National Electric Power Authority. At the time some of his older family members died in Abbi, as in most rural communities in Nigeria with no functional medical centres, sick people either hoofed it, leaned on shoulders or were carried to the corner chemist, a native doctor or two whose wisdom, Chinua Achebe once summed up, lies in their tattered caps. The only surviving copy, it turned out, vanished without a trace, like a mirage as if Avuru Senior never even existed. Years ago, on meeting the West African Regional Head of the Jesuits to seek approval for the school, someone asked him what drives his philanthropy. Augustine Avuru, the co-founder and CEO of Seplat Petroleum Development Company Plc, is the highest-paid director in his company, and second highest in Nigeria for the year 2019. SHARE. The first was an office in Ikoyi and the second a well-appointed residential building in Lekki Phase One. TWEET. But Austin Avuru is anything but that. On graduating from the Department of Geology at University of Nigeria Nsukka in 1980, the 21-year-old gave the valedictory address as the best overall student. ), he is familiar with their whims; one, an entertainer, was notorious for never making it on schedule; another travelled out of the country on a day he was to meet his biographers and stayed for months; and yet, another treated his chroniclers as if he was doing them a favour, plus he was very arrogant, “supercilious like a camel,” someone later sniffed. So, beyond word of mouth description of what his father looked like, there is not a solo or group shot in which he appeared to this day. He joined the breweries in 1990 where he served in various managerial roles in the soft and beer sections. It was one of the proudest moments of his life, the donnish, be-gowned and be-spectacled professors lending an academic ambience to an event led by the Vice Chancellor himself. 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