Business magnate, Sam Iwuajoku strikes new mega deal

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Whenever a list of consummate businessmen with keen eyes for new opportunities is to be drawn, Sam Iwuajoku will definitely make the list. He is one business magnate who sets business goals with timelines and could best be described as extravagantly entrepreneurial. Some years ago, the billionaire —via one of his companies, Quits Hospitality Ltd— signed a deal with Hilton Worldwide to open Africa’s first Curio Hotel in Nigeria. The agreement led to the opening of the 350 guestrooms, including 72 suites, an executive floor and multiple food and beverage outlet five-star Legend Hotel located within the Murtala Muhammed International Airport, Lagos. Elite travellers have since been benefiting from the hotel’s unrivalled proximity to the international airport terminal, as well as exclusive facilities for private and corporate jet passengers of ExecuJet –a private aviation company also owned by Iwuajoku which operates a 275,000-square-foot facility in a free-trade zone near the International Airport in Lagos.Though an effervescent personality and successful by all indicators, Iwuajoku —a close pal of Africa’s richest man, Aliko Dangote— prefers to operate under the radar. He built his fortune by importing rice and steel rods. He was to later reinvest in the hospitality and aviation sectors particularly in private aviation services. The Imo State-born business magnate has recently emerged one of the biggest players in the aviation sector with the announcement that his ExecuJet has reached a partnership agreement with Gulfstream Aerospace Corp to expand service availability and parts access in West Africa. Gulfstream also announced that its newest jet, the Georgia-made G700, will embark on a global tour that will include a stop at ExecuJet’s Nigeria facility, which already provides warranty and maintenance service for its G450, G550, G650, and G650ER models. Iwuajoku’s ExecuJet’s hangar at Lagos Airport can house four Gulfstream G550 jets at the same time.



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