Femi otedola

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

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.

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.

He was appointed a member of the Governing Council of the Nigerian Investment Promotion Council NIPC in January and in December of pornoputalocura same year, he became a member femi otedola the committee saddled with the task of fostering business relationships between the Nigerian and South African Private sectors, femi otedola.

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.

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. This period is one of gratitude for Femi Otedola as he marked this landmark day with the most important people in his life, signifying the fact that family always comes first. During the time of Mr. Onassis some of the most important people in the world were regular guests on his superyacht; the likes of Franklyn D. Now there continues to be an emergence of more Africans at the pinnacle of world society. You must be logged in to post a comment.

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. The appointment letter conveyed the news of his new role as a non-executive director, outlining an initial term of four years, subject to satisfactory performance and an annual performance appraisal. The tenure may be extended for two additional terms of four years each, subject to age limitations stipulated by the Central Bank of Nigeria. Omokolade Ajayi is a financial reporter at Billionaires. Previously, he worked as a journalist at Nairametrics. Omokolade is a seasoned financial analyst and reporter with in-depth knowledge of and expertise in equity markets, and financial and economic analysis. Get informed and entertained, for free.

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Otedola has actively participated in various boards and committees, including the National Economic Management Team from September to May and the Honorary International Investors Council under Baroness Lynda Chalker's leadership. Investor Relations. She was previously the Chief Marketing…. He is an accomplished family man, happily married and blessed with children. Don't miss a headline — join now! 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. 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. Retrieved 23 September Born and raised in Toronto, he gained recognition as an actor on the teen…. Forte's improved financial position and diversification into power generation resulted in a 1, per cent rise in its share price during Newswatch Times.

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.

Daily Independent. She was previously the Chief Marketing…. In September , Mr. Contents move to sidebar hide. The New York Times. Throughout his career, Mr. Farouk Lawan plead not guilty, and initially so did Boniface Emenalo; however, events at the court of law took an unforeseen turn as Boniface Emenalo eventually admitted he was guilty [48] and, in fact, had received several bribes on behalf of Farouk Lawan. Daily Trust. Drake Created by BlackEntrepreneurProfile. Eulogies as Akpabio, govs, others bid Wigwe, wife, son farewell. Nigeria Films. All rights reserved. Nigerians should embrace humour to cope with hardship — Prof of psychiatry. Donate today and be a catalyst for change. Johnson in….