Orji Uzor Kalu Net Worth

Net Worth:$3.2 Billion
Date of Birth: April 21, 1960 (64 years old)

What is Orji Uzor Kalu’s Net Worth?

Orji Uzor Kalu is a Nigerian politician, businessman, and  Senator representing Abia North Senatorial District. Orji Uzor Kalu has a net worth of $3.2 billion. Orji Uzor Kalu won the 1999 gubernatorial election and emerged as the Governor of Abia State, he held this position for eight years (8 years).

The Daily Sun and New Telegraph newspapers in Nigeria, as well as SLOK Holding, are all chaired by Kalu. He headed the Borno Water Board and the Cooperative and Commercial Bank Limited before he was politically elected as Governor.

Early Life/ Early Career

Orji Uzor Kalu was born on 21 April 1960 in Abia State Nigeria. for his education, he attended Christ the King School Aba and Government College Umuahia. After completing his secondary school education, he proceeds to Barewa College, Zaria. He later secured admission into the University of Maiduguri where he studied political science.

There in the university, he was among the students who protested against the Minister of Education which led to his suspension from school. But due to his passion for education Orji was not dissuaded, he enrolled at the Abia State University where he earned his bachelor’s degree and a degree in Business Administration from Harvard University.

At 33, Orji Kalu was appointed as the CEO of First International Bank Limited. While working as a principal for SLOK Holding, he also oversaw Nigeria’s business dealings with the SinoPacific Shipbuilding firm in China.

Indictment By The EFCC

Indicted for corruption while serving as the governor of Abia State, Kalu was taken into custody by the Economic and Financial Crimes Commission on July 11, 2007.

After being eventually granted bail, he claimed that the Obasanjo administration had persecuted him both during and after his time in government. Former U.S. Ambassador to Nigeria John Campbell highlighted this claim in his book titled, “Nigeria: Dancing on the Brink.”

Trial, Conviction, and Release

On 5 December 2019, Kalu was charged and convicted of fraud worth N7.65 billion by the Lagos State Division of the Federal High Court and given a 12-year prison term. Through his business, Slok Nigeria Ltd, he was indicted of looting the Abia State government, where he served as governor for eight years. Slok Nigeria Limited, including The Sun Publications Ltd, was not implicated in the accusations.

Orji Uzor Kalu was held in custody In Lagos’s Ikoyi prisons. When his appeal against his conviction was being approved, Orji Kalu submitted a bail plea to Lagos High Court in December. The court denied his motion for release on December 23 due to lack of merit.

He was freed from prison on 8 May 2020, and a new trial was ordered by the Supreme Court of Nigeria, which found that his trial had been improperly conducted.

According to several media reports from the court, the Supreme Court said that Mr. Orji Uzor Kalu’s conviction was improper and ordered a new trial on the matter on Friday morning.

According to the report, Judge Eko stated that Justice Mohammed Idris, who found Mr. Orji Kalu guilty, was already a justice of the Court of Appeal when he arrived at the verdict and sentenced Mr. Kalu and his co-defendant as a trial judge.

He ruled that a Justice of the Court of Appeal is ineligible to serve as a judge of the Federal High Court and asked the Chief Judge of the Federal High Court to reassign the case for trial. On 3 June 2020, Orji Uzor Kalu was released from the Nigerian Correctional Centre.

Personal Life

Orji Uzor Kalu tied the knot with Ifeoma Ada Menakaya in December 1989. Their union is blessed with four children.

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