Felix Achibiri is an alumnus of Harvard Business School USA and University of Port-Harcourt. An astute entrepreneur and businessman with board experience spanning leading companies in several sectors of the Nigerian economy. His extensive corporate experience comes with proven achievements in oil and gas, engineering and construction, telecommunications, financial services, agribusiness, mobile money operations, digital biometrics, inclusive real-estate and business background in national, international and multi-cultural environments. Mr. Achibiri is the visionary and executive chairman/founder of DFC Holdings Limited; a venture capital company and also the Chairman of DFC Capital Limited, a private equity/investment advisory company. Mr. Achibiri’s proclivity for identifying new opportunities inspired him to initiate and lead the acquisition of a national license by EBE Data Services Limited from the National Identity Management Commission (NIMC) for the private sector engagement in the digital biometric capturing of Nigerians towards the issuance of National Identity Number (NIN) to all Nigerian
Mr. Achibiri is a group Director of Genesis Energy Holdings, London. He co-led through her subsidiary company Gel Utility Limited which he chairs as the alternate Chairman in structuring, developing and executing the pioneering 84MW dedicated electric power supply to the Port Harcourt Refinery Complex (the largest Refinery in Sub-Sahara Africa), on the back of a 20-year Power Purchase Agreement (PPA) executed with the Nigerian National Petroleum Corporation (NNPC). The electricity capacity charge tariff to the Port Harcourt Refinery as designed by GENESIS is arguably one of lowest commercial tariff in Nigeria, at significantly lower than the tariff approved by the Nigerian Electricity Regulatory Commission ‘’NERC’’ and charged by the Port Harcourt Electricity Distribution Company Plc. The installed capacity is planned for expansion with additional 120MW Grid-connected power supply to bring installed capacity to 204MW .This investment represents GE’s first Risk-Capital investment in the entire African continent.
Furthermore, the US Government (through USAID/DFC) issued its unconditionally 15year Bond Guarantee alongside InfraCredit in support of GELUL’s Series-One Bond of
N13Billion (arguably largest Energy Bond issued under the regulation of Nigeria’s
Security and Exchange Commission “SEC”) which was successfully issued in August
2019, as part of GELUL’s N50Billion Bond Issuance Program.