Kennedy Okonkwo wins ‘The Sun Entrepreneur of the Year’ for 2024

In a grand ceremony held on Saturday, March 1, 2025, in Lagos, Group Managing Director of Nedcomoaks, Dr. Kennedy Okonkwo, was honoured with ‘The Sun Entrepreneur of the Year’ award for 2024.

The event, which brought together top executives from the corporate world, oil and gas industry, banking sector, and prominent political figures, celebrated excellence across various fields, with Okonkwo standing out as a beacon of innovation and leadership in Nigeria’s real estate sector.

Okonkwo, a seasoned entrepreneur with an MBA from Lagos State University and a B.Sc in Psychology from the University of Ibadan, has carved a niche for himself as a visionary real estate developer. With over a decade of experience in the corporate world, including roles as Group Managing Director of Capital Mortgage Bank and Business Strategy Advisor at Amazon Energy and XL Management Services, Okonkwo founded Nedcomoaks in 2007.

What began as a humble venture has now grown into a conglomerate with over 10 subsidiary companies and an annual turnover of N30 billion. Under his leadership, Nedcomoaks has become synonymous with luxury, innovation, and sustainability in Nigeria’s real estate market.

One of Okonkwo’s most notable achievements is the creation of the Victoria Crest Homes brand, which has redefined luxury living in Nigeria. His commitment to sustainable development is evident in the groundbreaking Citadel Views Estate 1.0 and 2.0, Nigeria’s first solar-powered estates. These estates not only offer unparalleled luxury but also stand as a testament to Okonkwo’s dedication to environmentally conscious development.

“Okonkwo’s vision goes beyond building houses; he is creating communities that embrace sustainability and luxury. His work has set a new standard for real estate development in Nigeria,” The Sun management said.

Beyond his business acumen, Okonkwo is also known for his philanthropic efforts. Through initiatives like the Eti Osa Community Oba’s Cup, he has consistently used his wealth to uplift society and empower communities. His commitment to giving back has earned him the respect and admiration of many, further solidifying his reputation as a leader who truly cares about the people.

The Board of Editors at The Sun, highlighted Okonkwo’s unwavering commitment to excellence, innovation, and community development as reasons for selecting him as the winner of the prestigious Entrepreneur of the Year award. His ability to transform challenges into opportunities and his dedication to sustainable development have set him apart as a true leader in Nigeria’s business landscape.