Femi otedola

Otedola is also the founder of Zenon Petroleum femi otedola 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 the liberalization of the sector in Nigeria. Femi Otedola's first daughter, Tolani, is a singer, 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.

Femi otedola

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. The bank disclosed this in a corporate filing on the Nigerian Exchange Limited NGX , notifying investors of the new development. This appointment, according to the bank, takes effect today, January 31, The law firm, in a letter, dismissed claims by Ecobank that there was a Supreme Court judgment backing its stance that Otudeko owed it N All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. Contact: [email protected]. Stay informed and ahead of the curve!

Eulogies as Akpabio, govs, others bid Wigwe, wife, son farewell. Born and raised in Toronto, he gained recognition as an actor on the teen…. Otedola has femi otedola estate holdings in Lagos, Dubai, London, and Monaco.

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.

Femi otedola

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. His success can be attributed to his business acumen and exceptional ability to identify opportunities in high-growth industries ahead of others, amassing an impressive fortune over the years.

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Nigerians should embrace humour to cope with hardship — Prof of psychiatry. Daily Independent. Kindly share this story:. Toronto Star. Bloomberg Business. Jonathan, Buhari not courageous to implement Oronsaye report — Ex-minister. 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 Fellow Press. As at October , he was announced as the single largest shareholder 5. Johnson in…. Sun News. Tinubu to decide on border reopening.

The decision to elevate Otedola to the position of chairman was reached during a board meeting held today, Jan. He will succeed the outgoing chairman, Alhaji Ahmad Abdullahi, bringing to the role a wealth of experience and a transformative leadership track record across various industries.

Our businesses. Africa News Service. The New York Times. Archived from the original on 31 August Daily Champion. Zenon Conquest, with a total deadweight of 60, metric tons, dedicated to transporting petroleum products. Licensed by the Central Bank of Nigeria. In September , Mr. BBC News Pidgin. However, excessive or irrational fear can become…. South Africa is joining the growing trend of nations recognizing the potential of remote work and is taking steps to attract digital nomads. By Damilola Olufemi. Daily Trust. Retrieved 5 March Otedola is chief executive and president of SeaForce Shipping Company Ltd and was at one point Nigeria's largest ship owner after extending control over the distribution of diesel products.