Late Citizens Bank Chairman's Heir And 1st Son Dies One Year After Inheriting His Estate

A year after inheriting his father's estate, 38 year old Udensi Ifegwu Udensi Jnr, the first son of the former chairman of the now defunct Citizens bank, Lord Dike Udensi (pictured above) has died. He died few weeks ago at a specialist hospital in Umuahia, Abia state after suffering complications from a sudden undisclosed illness.

According to reports by City People, Udensi Jnr had been battling with some of his siblings as well as his father's second wife, Joy Udensi, over the control of his father's estate. The father had reportedly left his estate in his first son's care. Continue...



Upon his death, other family members wanted to have control of the estate but he was said to have vehemently refused.

The battle for the control of the late billionaire business mogul's estate started immediately he died from a prolonged battle with diabetes that resulted in foot decay.

After his death, the children from his first wife took an injunction from a court in Ohafia local government in Abia state to order his burial after a petition was filed by the late business mogul's daughters from his second wife saying they were not carried along in the burial plans and the sharing of his estate and therefor the burial should be stopped. The court session held on July 11th 2013 in Ohafia. The judge in the case said the burial should go on as planned on July 12th in Abiriba, Abia, saying it is unheard of in Igboland that a dead man's property would be shared while his body was still in the mortuary and instructed that the late business mogul be buried immediately.


Shortly after he was buried the battle on who controls his business empire continued.

The Embattled Vast Estate LORD DIKE UDENSI Left Behind

He was one of Nigerian’s  billionnaries until his death over a year ago.

 Born in 1951, he became wealthy at the age of 30, when he established his Dubic Breweries in 1981.

Today, the dubic larger beer is now under lease and produced by Guiness Breweries and in 1983, he established  the defunct Citizens International Bank with some friends.

 He was the major shareholder and the first chairman of  the bank, the bank was later managed by his second wife, Joy Udensi.

The bank later merged with Spring Bank which is today Enterprise Bank. He partnered with some Nigerians to build Enyimba International Hotel in Aba, Abia State. He was the owner of an export processing firm in London called Chesstershia company UK Ltd..

His other companies were Udine Mix Farm Ltd, Unijos Paper Conversion.  He was a major shareholder at the Bank International Du Benin (Bibe) Cotonou , Benin Republic with shares in other Nigerian banks.

His 15-storey Dubic Plaza, estimated at about N2.5 billion is currently under construction in Aba, Abia State. He  had  huge investments in properties in the United Kingdom, little wonder the Queen of England conferred on him with the honorary title of Lord Mayor. He also had investments in America, Togo and Guinea.  He was also the major importer of stockfish from Norway to the Nigerian market and other countries in Africa. He was equally a major importer secondhand clothings (Okirika).