Femi otedola

Otedola is also the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate and finance. He has recently invested in power generation as part of femi otedola liberalization of the sector in Nigeria, femi otedola. Femi Otedola's first daughter, Tolani, is a singer. She was born to Otedola and his former wife, Olayinka Odukoya.

The First Bank of Nigeria Holdings has appointed Nigerian billionaire and businessman, Femi Otedola, as the new chairman of its board of directors. Otedola, who recently expressed his excitement about his return to the Forbes African Billionaires list after a seven-year hiatus, takes over from the outgoing Chairman of the board, Alhaji Ahmad Abdullahi. Before then, the last time the business mogul appeared on the Forbes Africa list was in This year, he took the 20th spot on the list. The decision of the financial institution followed a recent meeting of the board held today.

Femi otedola

He is a visionary entrepreneur with a track record of pioneering businesses, growing and transforming corporations. His first foray into the downstream sector of the oil and gas industry began with Zenon Petroleum and Gas Limited thus disrupting and redefining standards in the industry. He thereafter initiated the purchase of majority shareholding in the then African Petroleum Plc in May and became the Chairman of the Board on 25 May The company grew in leaps and bounds to become a model of the possibilities inherent in Nigeria, winning numerous accolades in recognition of the successful business turnaround, diversified portfolio, prompt financial reporting, strong corporate governance, and investment of choice within the oil and gas industry. In December , he divested from the company by selling his shareholdings to the Ignite Consortium led by Prudent Energy Services Limited and handed over in June after completing the transaction. This is a demonstration of his long-term interest in the Power sector dating back to , when he took a strategic decision to participate in the Privatization Programme of the Nigerian Government. He has investments spread across various other interests including storage, shipping, and insurance brokerage in addition to port agency and petroleum retail outlets and he has built a formidable, value-driven presence along the downstream value chain. Femi has a rich experience in corporate boards having held several board memberships, including President of the Nigerian Chamber of Shipping. He was appointed a member of the Governing Council of the Nigerian Investment Promotion Council NIPC in January and in December of the same year, he became a member of the committee saddled with the task of fostering business relationships between the Nigerian and South African Private sectors. He is currently a member of the revered National Peace Committee. Femi is a philanthropist with deep involvement in educational causes at all levels via the Sir Michael Otedola Scholarship Awards Foundation and he has continued to demonstrate his passion for his immediate and extended communities by committing huge financial resources to the sponsorship of promising but financially disadvantaged students.

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In , Mr. In addition to his role at Geregu Power Plc, Mr. Transport Limited, F. In , following the consolidation of his father's businesses, Mr. Otedola diversified into finance, investment, and trading, establishing his own company, Centreforce Limited. Expanding his ventures, he incorporated Seaforce Shipping Company Limited in , managing a modern tanker fleet comprising vessels such as Mt. Sir Michael, Mt.

In addition to Dangote, the country is also home to other Forbes-recognized billionaires. The story of how the richest Black man in the world started his company from scratch will always inspire many entrepreneurs. Mike Adenuga made his wealth through telecom and oil production. He operates the second largest telecom operator in Nigeria, Globacom. In addition, Adenuga is into oil exploration. His firm, Conoil Producing , operates six oil blocks in the Niger Delta. He made his first million at age 26 selling lace and distributing soft drinks. He is the founder of BUA Group , which is mainly into cement production, sugar refining, and real estate. His first business line was in iron, steel, and chemical imports.

Femi otedola

The Greek shipping magnate who was once regarded as the richest man in the world is a person Mr. His family also makes history as they become the first Africans to charter this super-exclusive piece of real estate. Also spotted on board was Mr. Eazi Oluwatosin Ajibade.

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Sir Michael Otedola. All rights reserved. This is a demonstration of his long-term interest in the Power sector dating back to , when he took a strategic decision to participate in the Privatization Programme of the Nigerian Government. Following Otedola's entry into the company African Petroleum's share price rose sharply, increasing the market capitalisation from N36 billion to N billion in six months. In December , Otedola was embroiled in a controversy where two Toronto -based sisters— Jyoti and Kiran Matharoo —reportedly tried to extort him by cyberbullying and blackmail, claiming they had evidence of Otedola cheating on his wife that they would post on a notorious sex-scandal website. Peter Akwaboah is a finance industry professional with nearly three decades of experience. Policy Terms of Use Sitemap. Otedola has made several donations to the Michael Otedola University Scholarship Scheme, which was established in to give underprivileged students in Lagos State access to higher education. He is currently a member of the revered National Peace Committee. Online Nigeria. A merger of this personal holding with Zenon's brought Otedola's total stake to Rosalind G. Nigeria Films. Femi is a philanthropist with deep involvement in educational causes at all levels via the Sir Michael Otedola Scholarship Awards Foundation and he has continued to demonstrate his passion for his immediate and extended communities by committing huge financial resources to the sponsorship of promising but financially disadvantaged students.

Nigerian billionaire businessman and philanthropist Femi Otedola has achieved yet another significant milestone in his illustrious career with his recent appointment as a Non-Executive Director on the Board of First Bank of Nigeria Holdings Plc. As the largest stakeholder in the Lagos-based financial services holding group, with an impressive 5.

Previously, he held the roles of co-founder and CEO at…. By Damilola Olufemi. Retrieved 14 October You support us by using our links to buy products, it will cost you nothing extra. In , he became a pioneer director of the Transnational Corporation of Nigeria Plc and was elected president of the Nigeria Chamber of Shipping in April of the same year. Fellow Press. Quick Links. She was born to Otedola and his former wife, Olayinka Odukoya. In , Mr. Archived from the original on 31 August Daily Champion. Sun News. However, excessive or irrational fear can become…. Article Talk. His commitment to his community, Epe, Lagos State, and Nigeria as a whole is evident through substantial financial contributions to sponsor promising yet financially disadvantaged students.