Take a moment to congratulate our father Tony Elumelu, TEF Founder and HH Chairman

Creating Impact Through Corporate Transformation:

I hope your 2021 is off to a good start.

The Tony Elumelu Foundation is pleased to share with you, important news from Heirs Holdings.

Heirs Holdings (HH), with its affiliate Transcorp, acquired on 15th January Nigerian oil licence OML 17 from Shell, Total and ENI, through the latest addition to our Group: TNOG Oil and Gas Limited. Click HERE to read.

The deal is a very important demonstration of what we all do at TEF and HH, in particular:
This groundbreaking $1.1bn deal demonstrates renewed confidence in the African economy when many were doubting our continent’s future. We are the catalyst for the transaction.

It illustrates Heirs Holdings’ ability to bring together a syndicate of leading global and African investors to invest, demonstrating our position as the leading investor in Africa and role model for others.

This is Africapitalism in action, as a foreign-held asset is transferred to the stewardship of a truly indigenous business, board, and management.

HH’s ownership of OML 17 demonstrates our commitment to delivering sustainable development, economic empowerment, and most importantly, as a Group and as the Tony Elumelu Foundation, youth empowerment. With this acquisition, thousands of jobs will be created for our youths across the country, strengthening our economy and placing Africa more firmly on the global investment map.

It shows our determination and resilience in implementing our strategy. Heirs Holdings is creating an integrated energy company – one that will use African natural resources to power Africa, create African-based value chains and ensure Africa-based value creation. It follows our acquisition of the Afam Power Plants, our turnaround of the Transcorp Power Plant, our work on our other oil and gas assets, all leading to a single goal – sustainable, robust, and widely available power, that will drive schools, hospitals, and industries. We define strategy and we execute.

In accordance with our mission across the Group - improving lives and transforming Africa - Tony Elumelu, TEF Founder and HH Chairman, an indigene of the Niger Delta region himself, has assured host communities and stakeholders of our continuous commitment to shared prosperity and economic development.

We, at the Tony Elumelu Foundation, look forward to the numerous opportunities that will arise from this and the many more jobs that will be created for our people.

Ifeyinwa Ugochukwu
CEO, Tony Elumelu Foundation


It’s hard to find someone who puts their whole heart into everything they do. You are one of them. With the amount of love and passion you show towards your work, it’s no wonder why you’ve been able to reach this goal. Congratulations on your outstanding achievement!


This man deserves a Noble Prize :medal_sports: :medal_military:.


I joint my voice to say Congrats Sir. for that brilliant achievement.

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You can say that again @Bright_Katako


Sir, your the one out of millions Africans that we look forward to emulate. Congrats

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Congratulations to US All. :clinking_glasses:

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