Femi otedola

The First Bank of Nigeria Holdings has appointed Nigerian billionaire and businessman, Femi Otedola, as the new chairman of its board of femi otedola. 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, femi otedola. Before then, the last time the business mogul appeared on the Forbes Africa list was in

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 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. Expanding his ventures, he incorporated Seaforce Shipping Company Limited in , managing a modern tanker fleet comprising vessels such as Mt. Sir Michael, Mt. Lady Doja, Mt. Nana, and Mt. Zenon Conquest, with a total deadweight of 60, metric tons, dedicated to transporting petroleum products. 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. He holds the position of a fellow at the Nigerian Institute of Shipping. Throughout his career, Mr. 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.

More Black Executives. InMr. In SeptemberMr.

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 the liberalization of the sector in Nigeria. Femi Otedola's first daughter, Tolani, is a singer. She was born to Otedola and his former wife, Olayinka Odukoya. In , having identified an opportunity in the fuel retail market, Otedola secured the finance to set up Zenon Petroleum and Gas Ltd, a petroleum products marketing and distribution company.

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.

690 wilshire place los angeles ca 90005

Tinubu to decide on border reopening. Newswatch Times. Our businesses. Ikeji, Linda. Policy Terms of Use Sitemap. Categories : Living people births Yoruba businesspeople Nigerian businesspeople in the oil industry Businesspeople from Lagos State 21st-century Nigerian businesspeople Businesspeople from Ibadan Nigerian philanthropists Yoruba philanthropists Otedola family Nigerian investors Former billionaires Nigerian billionaires Nigerian chairpersons of corporations. Nigeria Films. Toronto Star. Retrieved 3 September More Black Executives.

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. His business interest extends beyond the power sector.

Transport Limited, F. Chairman - FBNHoldings. He is currently a member of the revered National Peace Committee. Donate today and be a catalyst for change. By Damilola Olufemi. Download as PDF Printable version. Retrieved 26 December Retrieved 7 August Daily Trust. 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. Femi Otedola's first daughter, Tolani, is a singer. Nigerians in throes of biting hunger as economic crisis pushes many into poverty.