How much is Arthur Nzeribe Net Worth currently? Francis Arthur Nzeribe is a popular politician in Nigeria who has represented Imo Orlu constituency in the Nigerian Senate from 1999 to 2007 as a member of the PDP (People’ s Democratic Party). He is a very rich man who can be regarded as an early member of PDP – the party which played a big role in the success of his political career.
Arthur, who was enabled to represent Imo State in the Senate by virtue of hailing from the State (in fact, he was born in a place known as Oguta in Imo State), is known for his huge investments that ran into millions of Naira. He is pretty wealthy and is said to be worth around $1.5 billion dollars as at 2018.
Arthur Nzeribe Net Worth In Dollars 2019 And Biography
- Full Name: Francis Arthur Nzeribe
- Date of Birth: 2 November 1938
- Nationality: Nigerian
- Occupation: Politician
- Gender: Male
- Place of Birth: Oguta, Imo State
Francis Arthur Nzeribe Biography
Arthur Nzeribe was born on the 2nd of November 1938 in Imo State. His family is a prominent one in the State, and he was adequately assisted to turn up as one of the elites of society. His parents ensured he was properly educated, and he seems to be a very bright student too (due to the scholarship he was eventually able to get from the NPA). Arthur schooled at Bishop Shanahan College in Orlu before moving to Holy Ghost College in Onitsha. It was after then that he was granted the scholarship that landed him in the United Kingdom as a student of marine engineering.
Arthur made himself very much enterprising in England, that, at some point, he started selling life insurance to black immigrants in the country. He has shown, from his younger phrase, that he is a person who loves seeking opportunities and utilizing them to attain higher heights. It is, of course, an appropriate lesson for youngsters that, irrespective of where they found themselves, they should not hesitate to keep leaping and keep checking for opportunities that can be utilized to get better in life.
As a result of his willingness to explore and reach the top, he came across Kwame Nkrumah and began working for him in public relations. The thing is, he was able to appropriately brand and sell himself (some factors worked for him, like the fact that he is well-mannered and all) and he picked the confidence of some important persons that led him to his deals with Kwame Nkrumah of Ghana (via the Ghana Commission). After seeing his fine jobs that were quite impressive, he was also introduced to other African leaders in various countries. Even when Kwame’s administration was overthrown by the National Liberation Council (NLC), he was still able to do some works with Joseph Arthur Ankrah – the new man that took charge of affairs. Arthur continued seeing an increase in his stocks and value, that, making lots of money, he was able to conveniently get himself a Rolls Royce. Nevertheless, after Ankrah’s exit, Arthur lost influence in the West African country.
In the year 1969, this man brought up the Fanz Organization there in Britain. It was a serious business that has an interest in various fields and sectors. They deal in property investment, publishing, as well as some other lucrative ventures. The organization capitalized on opportunities in Middle East communities, and they did quite well. About ten years after the company began its operations, they were able to amass billions of dollars as revenue – and it made Arthur a very rich man.
With a lot of money at his disposal, he could come back to his home country and began building various profitable things. One of the biggest ventures he erected with huge money was Sentinel Assurance and has provided job opportunities for tons of people.
The rich man can afford to build a very huge and exotic estate in his place of birth (in Imo State) – which has various superb buildings that are carefully built by experts in the field.
Arthur Nzeribe eventually chose to begin participating in Nigerian politics after some time. His adventures in politics were fruitful to him. He can be regarded as one of those who were able to go into the game with lots of money at hand already. Apart from being given various traditional titles (such as Ogbuagu), he also married the sister of the late Shehu Yar ‘ Adua.
In 1983, Arthur decided to take the leap to become a senator of the Federal Republic of Nigeria. He is said to have spent millions of Naira to fulfill his ambitions. Of course, Arthur has some dark and unpleasant spots in Nigerian history – which mainly came about as a result of his associations with General Ibrahim Babangida.
During the turbulent era of Babangida, one of the initiatives that came up to support the dictator’s ambitions was the Association for a Better Nigeria – which Arthur supported vehemently. He was riding on the back of the platform (which was not with an appropriate intention to change the fortunes of Nigerians to good) for selfish purposes. In fact, they went ahead to cancel the presidential election that should have brought Abiola in as President of the country. Arthur, as well as some other persons, keeps pressing to legitimize the rule of the dictator that came up again (in the person of General Sanni Abacha), but it was thwarted by God.
After democracy came again, the Imo-born man decided to join PDP, and he ran for a senatorial post – to represent Imo Orlu constituency in the Senate. He contested in 1999 and found his way to victory before he was reelected in 2003.
However, an incident occurred in 2002 that affected his political career. He had an issue with the then-Senate President, in the person of Anyim Pius Anyim. According to the head of the house, Arthur had indulged in fraud (and he was also said to have been strategizing an impeachment motion against Pius). Nevertheless, some years later, some set of people from Imo State (said to be sponsored by the then governor of the State, in the person of Achike Udenwa), demonstrated publicly for Arthur’s recall.
Unfortunately, during the primary election conducted by his Party for the senatorial election meant to take place in 2007, Senator Nzeribe lost and was floored by another candidate – in the person of Osita Izunaso.
Nevertheless, after the defeat, the leadership of the Peoples Democratic Party chose to make him a member of the Board of Trustees.
Rumors Of Arthur’s Illness At Various Times
In 2017, there was some sort of rumours on social media that depicts him as a dying man. It passed a message that Arthur is unwell, which prompted a response by his team. According to his Chief Press Secretary, Senator Arthur is doing fine, and he isn’t down by stroke. He made it known that although he should have ignored it, he just has to set the record straight. It was stated that the politician is not really suffering from stroke, but that those are simply hateful things sent towards his direction.
It was however explained that what happened was that he had a domestic accident that injured his hip region and that he had received appropriate treatment at a hospital in Abuja. It was made known that the politician actually slipped in his house and got himself injured, but has passed through surgery, and is now better.
It should be noted that even before that particular incident, Arthur has been forced some years back to debunk rumours of negative stuff being speculated about him. In the year 2015, it was claimed that he was so ill that his wife has dumped him. He made it known that it is not true and the rumours should be discarded by the public.
That’s all on Francis Arthur Nzeribe Net Worth and Biography.
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