$1B
Estimated Net Worth
As of 2024 • medium confidence
Financial Breakdown
Asset Distribution
Assets vs Liabilities
Assets
Liabilities
Disclaimer: These financial estimates are based on publicly available information and should be considered approximate. Last updated: 12/28/2025
Biography
Introduction: A Pillar of Nigerian Journalism and Business
In the dynamic landscape of Business & Economics within Nigeria, few figures stand as tall as John Momoh, OON. Renowned as the Chairman/CEO of Channels Media Group, John Momoh is the architect behind one of Africa's most influential and respected broadcast news organizations, Channels Television. His journey from a broadcast journalist to a media mogul encapsulates a story of relentless ambition, integrity, and transformative leadership. A key achievement that defines his career is steering Channels TV to become a byword for credible, independent, and courageous journalism in Nigeria, often in the face of significant regulatory and political challenges. His work has not only shaped the media industry but has also profoundly impacted democratic discourse and business journalism in Nigeria and across the continent.
Early Life & Education: The Formative Years
John Momoh was born in 1957 in Nigeria. From an early age, he exhibited a keen intellect and a curiosity about the world around him, traits that would later define his professional ethos. His educational journey laid a robust foundation for his future in media and business. He pursued higher education at the University of Lagos, a premier institution known for producing Nigeria's elite professionals.
It was here that John Momoh earned a Bachelor's degree in Mass Communication, immersing himself in the principles of journalism, public communication, and media ethics. His formative years at the university coincided with a period of significant political and social change in Nigeria, likely sharpening his understanding of the media's role in society. This academic background was complemented by practical training and a series of professional courses, both within Nigeria and internationally, which honed his skills in broadcast management and editorial leadership. These formative experiences equipped him not just with technical knowledge, but with a vision for what Nigerian media could achieve.
Career & Major Achievements: Building a Media Empire
The career trajectory of John Momoh is a masterclass in strategic growth and unwavering commitment to quality. He began his professional journey as a broadcaster with the Nigerian Television Authority (NTA), the country's state-run network. During his tenure at NTA, he served as a presenter and news anchor, becoming a familiar and trusted face in Nigerian households. This frontline experience gave him intimate knowledge of the broadcast industry's operations and challenges.
Founding Channels Television
In 1995, John Momoh co-founded Channels Television with a clear vision to create a news-driven independent broadcaster. Starting as a local station in Lagos, the company faced the immense challenges of a competitive and sometimes restrictive media environment. Under his leadership as Chairman/CEO, the station distinguished itself through its focus on factual reporting, live coverage of events, and in-depth analysis. A pivotal moment came in 2006 when Channels TV was one of the first independent stations to be granted a license for national broadcasting by the Nigerian Broadcasting Commission (NBC), a testament to its reach and professional standards.
Leadership and Industry Impact
John Momoh's leadership has been characterized by several key accomplishments:
- Championing Credible Journalism: He institutionalized a culture of "News for Everyone" that prioritizes accuracy and balance, making Channels TV a primary source of information for millions, especially during critical elections and national events.
- Digital Expansion and Innovation: Understanding the shifts in media consumption, he oversaw the launch of Channels TV's digital platforms and its international channel, broadening its audience to the global diaspora.
- Business Acumen: As a top executive in Business & Economics, he transformed a single television station into a diversified media group, ensuring its financial sustainability and growth amidst economic fluctuations.
- Navigating Adversity: His steadfast leadership was crucial when Channels TV faced a brief suspension of its license in 2021, an event that highlighted the station's importance and his role as a defender of press freedom.
His impact extends beyond his company. John Momoh has served as President of the Commonwealth Broadcasting Association and is a respected voice in global media circles, advocating for professional standards and the role of media in development.
Personal Life, Philanthropy & Legacy
While John Momoh is intensely private about his personal life, he is known to be a devoted family man. His low-profile demeanor contrasts with his towering professional stature, allowing his work to speak for itself. Beyond the boardroom and newsroom, his legacy is being shaped by a commitment to nurturing future generations.
His philanthropic and mentorship efforts are closely tied to his profession. John Momoh is deeply involved in initiatives aimed at elevating the standards of journalism in Nigeria. He has supported educational programs, offered internships, and frequently speaks at academic institutions, sharing his wealth of experience with aspiring journalists and media entrepreneurs. His lasting impact is twofold: he has built a financially successful and resilient media business, and more importantly, he has reinforced the indispensable role of a free and responsible press in a thriving democracy. For this, he is regarded not just as a successful Chairman/CEO, but as a nation-builder.
Net Worth & Business Ventures
While the exact net worth of John Momoh is not publicly disclosed, his financial success is intrinsically linked to the valuation and success of Channels Media Group. As the founder and principal owner, his wealth stems from building one of Nigeria's most watched and trusted television networks from the ground up. The business, under his leadership, has expanded significantly from its core broadcast news service.
Channels Media Group now encompasses:
- Channels Television: The flagship national and international broadcast news network.
- Channels Academy: A training arm dedicated to building media capacity.
- Digital and Online Platforms: A strong presence on streaming services and social media, capturing a younger, global audience.
- Related Media Ventures: Investments in production, content creation, and potentially other media-related verticals.
This diversified portfolio underscores John Momoh's sharp Business & Economics mindset. His venture is a prime example of how journalistic excellence, when coupled with astute business strategy, can create a powerful and sustainable institution in the competitive Nigerian market. The value of the brand he created is a significant part of his legacy and his contribution to the private sector in Nigeria.
Net Worth Analysis
John Momoh is the founder and CEO of Channels TV, a major Nigerian broadcast network. While not on the Forbes Africa rich list, his media empire and industry stature suggest billionaire status in local currency, but a conservative estimate in USD is used due to lack of precise public figures.
Quick Stats
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