Tag: Femi Otedola

  • On Femi Otedola’s Making It Big

    On Femi Otedola’s Making It Big

    Like the proverbial goldfish that has no hiding place in the water, Olufemi Peter Otedola CON constantly finds himself in the spotlight for his positive contributions and meaningful ventures. Whether he’s making headlines for innovative business decisions or exploring new avenues, he’s never far from the public eye. Also, his children, who share a passion for the entertainment industry, often keep him in the limelight, adding a personal twist to his already vibrant public persona. As a philanthropic beacon, Otedola’s generosity and commitment to philanthropy are well-documented, making his life a fascinating narrative of success and resilience. Despite the inevitable criticism he faces, even his detractors cannot help but admire his audacity and the strategic approach he employs in business. His profound understanding of finance, investment, and entrepreneurship is so extensive that if he were to transition into academia, he would likely merit the title of a full professor; indeed, he is a veritable walking encyclopedia on these subjects.

    Recently, Otedola announced the upcoming release of his book, ‘Making It Big’ which promises to unveil his journey through the challenging terrains of the business landscape. In this personal account, he candidly shares the story of how he experienced a significant financial loss and painstakingly rebuilt his empire through sheer resilience, tenacity, and hard work. The very announcement of the book generated considerable buzz, with many pre-booked copies, anticipating it to be one of the best-selling books from a Nigerian mogul.

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    What sets this book apart is that Otedola’s insights stem not just from theoretical knowledge but from real-world experiences. He presents a compelling narrative tailored for business students and budding entrepreneurs seeking a deeper understanding of what it takes to succeed. In his book, he will delve into his lessons learned, the setbacks he faced, and the remarkable triumphs that have defined his career. Readers can expect an intimate look at his journey, including times of doubt, significant breakthroughs, and the guiding principles that steered him through tumultuous waters.

    The book also chronicles Otedola’s remarkable comeback after suffering substantial losses due to fluctuating oil prices. He shares how he not only recovered but also re-established himself as a Forbes-rated billionaire in Nigeria. A pivotal moment was his strategic decision to exit the oil sector by selling his stake in Forte Oil, which allowed him to invest in the power sector, particularly through his acquisition of Geregu Power. This move transformed the company into a lucrative enterprise, positively impacting countless investors.

    Further intriguing revelations include his unexpected ascendancy to the chairmanship of Nigeria’s oldest bank, First Bank, where he successfully outmanoeuvred competition to become its largest shareholder. Otedola also reflects on a near takeover of Transcorp, which he eventually backed off from due to the counsel of friends and associates, showcasing his ability to navigate complex business dynamics thoughtfully.

    As anticipation builds for the book’s release on August 18, a launch event is scheduled to take place in Lagos. Otedola plans to engage with entrepreneurs, innovators, and business owners from around the globe, sharing insights and wisdom drawn from his own experiences, hoping to inspire others to forge their paths to success.

  • Otedola to reveal how he became successful businessman

    Otedola to reveal how he became successful businessman

    Femi Otedola, billionaire businessman and chairman of First HoldCo Plc, says he will soon share key lessons from his entrepreneurial journey to inspire Nigeria’s next generation of business leaders.

    In a post shared on X yesterday, Otedola reflected on how Nigeria’s business environment has transformed over the past decade, crediting the shift to resilience and hard-won experience.

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    “Over the past decade, doors have opened for entrepreneurs in Nigeria that once seemed firmly shut. This transformation didn’t happen overnight,” he posted. ‘It’s the result of perseverance, resilience, and the lessons learned from countless setbacks. “I’ve walked this path myself, facing challenges and breakthroughs that shaped not just my career, but my outlook on what it means to succeed.”

    The businessman and chairman of Geregu Power Plc, known for his investments across energy, finance, and philanthropy, said he plans to share more in the coming weeks about his journey and the lessons he hopes will inspire the next generation of Nigerian entrepreneurs.

    “I will be sharing something very exciting in the coming days,” he added.

    Otedola, who is also a philanthropist, on May 22, said his investment in the financial institution would hit N320 billion in cash by the next capital raising round.

  • Otedola wins Activist Investor, Market Maker at Nairametrics Awards

    Otedola wins Activist Investor, Market Maker at Nairametrics Awards

    •FirstHoldco Plc, FirstBank, First Asset also win

    Chairman, FirstHoldCo Group, Mr. Femi Otedola has been named the Activist investor and Market Maker of the Year, 2025 by Nairametrics at its Capital Market Choice Awards ceremony over the weekend.

    It said the award was in recognition of the role Otedola has been playing in the Nigerian Capital market and his various strategic moves which have impacted the market positively in over two decades.

    FirstHoldCo, FirstBank and First Asset Management also received important awards at the  event. First HoldCo Plc received the Tier-One Bank award of the Year (FUGAZ Bank of the Year), while FirstBank won the Agency Bank of the Year award which is a true reflection of the relevance, spread, strength and strategy of the bank in the agency banking and retail space in Nigeria.

    First Asset Management won the Fund Manager of the Year award; reflecting the dominance of the company in the investment related activities in the Nigerian financial sector.

    These awards indeed signify a remarkable reality at the growing status of the FirstHoldCo Group as a major economic driver in the country’s financial landscape.

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    Speaking on these unprecedented recognition and achievements, Femi Otedola, said: ‘I am delighted at this recognition bestowed on me and the awards won by the companies in the FirstHoldCo Group. This attests to a collective focus in shaping the future of the Nigerian Capital Market and the strategic synergy in executing effective goals and objectives in the various locations where we operate as a Group.’’

    Group Managing Director, FirstHoldCo Plc. Wale Oyedeji also said that “the awards won, show the laudable progression the Group is making towards delivering excellent service across board,” adding, “this indeed will continue unabated.’’  He congratulated Otedola, saying the recognition was “hugely deserved,”

    Nairametrics Founder/CEO, Ugo Obi-Chukwu, said the Capital Market Choice Awards was “our way of reinforcing the values that drive a robust capital ecosystem-trust, performance and progress,’’ adding, ‘’ these awards will now be a tradition.’’

  • Keem Abdul: How Femi Otedola inspired me to own media coy

    Keem Abdul: How Femi Otedola inspired me to own media coy

    Keem Abdul is a young Nigerian in the media space, who also doubles as a politician and an author. He’s a firm believer of President Bola Ahmed Tinubu and spoke on wide range of youth related issues in this interview with I-GEN NEWS team lead, GBENGA BADA.

    Who is Keem Abdul

    I’m Keem Abdul, a young entrepreneur, PR expert, and media personality with a passion for storytelling, community development and empowering the next generation of leaders. Growing up in Nigeria, I witnessed firsthand the impact of systemic challenges on my community, which fueled my desire to make a positive difference. Through my journey, I’ve developed a unique perspective on the complexities of Nigerian society and a commitment to using my skills to drive meaningful change. My story is one of hope and resilience, and I’m excited to share it with the world.

    As a successful young entrepreneur and PR expert, what were the biggest challenges you faced in your early days?

    As a young entrepreneur, I faced numerous challenges, including limited access to resources, self-doubt, and navigating the complexities of the business world. However, I was driven by a strong work ethic, resilience and a willingness to learn from my mistakes. These challenges ultimately helped shape my perspective and inform my approach to business and life. I learned to be adaptable, to take calculated risks, and to prioritize innovation and creativity. My experiences taught me that success is not just about achieving goals, but about the journey itself.

    At what point did you decide to start your media business?

    I decided to start my media business after realising the need for authentic storytelling and representation in the media landscape. I wanted to create a platform that showcased the diverse experiences and perspectives of young Nigerians, while also providing a voice for marginalized communities. My inspiration came from my encounter with Femi Otedola, who appreciated my article on his rumored gubernatorial ambition and encouraged me to pursue my passion for storytelling. This experience taught me the importance of amplifying diverse voices and promoting inclusive representation in the media. The Elite Journal was born out of this vision, and I’m proud to say that it’s become a go-to platform for young Nigerians looking for authentic stories and perspectives.

    What are your views on the “Japa Syndrome” among youths?

    The term “Japa” refers to the phenomenon of young Nigerians relocating abroad in search of better opportunities and a more stable future. In my opinion, “Japa” is a complex issue that requires a nuanced understanding. While some young Nigerians may feel compelled to leave the country due to limited opportunities or insecurity, others may be drawn to the prospect of exploring new cultures, building global networks, and accessing better education and job opportunities. However, I also believe that Nigeria needs to create more opportunities and provide a better quality of life for its young people, so that they can thrive and contribute to the country’s development without feeling the need to leave. The question is, what can we do to stem the tide of “Japa” and create a more sustainable future for youths?

    You wrote The King Maker. What was your inspiration for the book?

    My book, “The King Maker,” is a biography of President Bola Ahmed Tinubu. I was inspired to write this book because of my deep respect for President Tinubu’s leadership and vision for Nigeria. Through this book, I aimed to share his story and provide insights into his life, politics, and legacy for the “GenZs” especially with our history being removed in our curriculum. I believe that understanding our history and the experiences of our leaders is crucial to building a better future for Nigeria. The book is a testament to the power of perseverance and determination, and I’m excited to share it with the world.

    What is your perspective on politics being described as a dirty game?

    While politics can be a challenging and often contentious field, I don’t believe it’s inherently “dirty.” Politics is about serving the public and making decisions that impact people’s lives. However, I do acknowledge that the current political landscape can be marked by corruption and other forms of malfeasance. As a young person, I believe it’s essential to engage with politics in a way that’s constructive, informed, and values-driven. The question is, how can we create a more inclusive and participatory political system that reflects the needs and aspirations of youths?

    As a young recipient of the prestigious African Media Personality of the Year Award at the Global Awards in London 2024, why do you think you were nominated for this award?

    I’m humbled and grateful to have been nominated for the African Media Personality of the Year Award at the Global Awards in London 2024. I believe this recognition is a testament to my hard work, dedication to my craft, and commitment to telling stories that matter. I’m excited to see where this nomination takes me and how it can help amplify my voice and the stories of those I’m passionate about.

    What advice do you have for young entrepreneurs trying to navigate the business world today?

    My advice to young entrepreneurs is to stay focused, resilient, and open to learning. It’s essential to develop a strong work ethic, build meaningful relationships, and prioritize innovation and creativity. Don’t be afraid to take calculated risks and challenge the status quo. I also believe that mentorship and networking are crucial to success, and that young entrepreneurs should seek out opportunities to learn from experienced professionals and build relationships with peers and industry leaders. The question is, what can we do to support and empower the next generation, and how can we create a more supportive ecosystem for entrepreneurship?

    Read Also: Femi Otedola Foundation donates N5m to family of quadruplet

    What guidance would you give to young Nigerians who choose to build their lives from scratch?

    To young Nigerians building their lives from scratch, I would offer the following guidance: stay true to your values, be patient, and prioritize self-education. Focus on developing skills that are in demand, build a strong network, and seek out mentors who can provide guidance and support. I also believe that young Nigerians should be open to learning from their mistakes and willing to adapt to changing circumstances.

    What do you think every Nigerian youth needs to succeed in the current realities of life?

    In my opinion, every Nigerian youth needs access to quality education, mentorship, and opportunities for personal growth and development. We also need to prioritize emotional intelligence, self-awareness, and resilience. By focusing on these areas, young Nigerians can build the skills, confidence, and networks necessary to succeed in today’s fast-paced and rapidly changing world.

    Aside from your book about President Tinubu, Can we know about high-profile people your company has worked with?

    As a notable imager maker and PR expert, my company has had the privilege of working with various influential individuals. However, discretion is key when working with high-profile clients, so I must prioritize confidentiality. I’ve learned that understanding their needs, being available 24/7, and providing top-tier service are crucial to successful collaborations.

    Who are your role models?

    My role models include individuals who have made significant impacts in their fields. For instance, Rtd Colonel Sani Bello is a  role model, Femi Otedola, The Chagoury. These are renowned entrepreneurs and business moguls who have built an impressive network of high-profile connections. Their approach to adding value, being outstanding, and being prepared  is truly inspiring.

    As a young person, what suggestions do you have for the president to assist Nigerian youth, especially those who are unemployed?

    In my critical analysis, President Tinubu has taken a positive step by including young people in his cabinet. However, there’s still room for improvement in supporting Nigerian youth, particularly those who are unemployed. To better assist young people, I suggest the president consider implementing more  programs that focus on job creation, skills development, and entrepreneurship support.

    Some potential initiatives could include:

    – Youth Entrepreneurship Programs: Providing funding, mentorship, and resources for young entrepreneurs to start and grow their businesses.

    – Skills Development Initiatives: Offering training and workshops to equip young people with in-demand skills in areas like technology, creative arts, and innovation.

    – Job Creation and Placement Services: Collaborating with private sector companies to create job opportunities and providing placement services to connect young people with these opportunities.

    In addition to entertainment, another area where young Nigerians are making an impact is information technology (IT). Unfortunately, many of them are using these skills for negative activities, such as internet fraud.

    What message would you convey to the government regarding this issue?

    Regarding the misuse of IT skills for negative activities like internet fraud, I would encourage the government to invest in programs that promote digital literacy, cybersecurity awareness, and provide alternative opportunities for young people to utilize their skills positively.

    What is your opinion about a GenZ as President  anytime soon?

    While it’s uncertain whether a GenZ president will emerge anytime soon, I believe it’s essential to empower and engage young people in the political process, encouraging their participation and leadership development. This will help ensure that Nigeria’s next generation of leaders is equipped to drive positive change and progress.

  • Tributes: Otedola recalls intervention that extended Chukwu’s, Bassey’s  life  

    Tributes: Otedola recalls intervention that extended Chukwu’s, Bassey’s  life  

    • Soludo heaps plaudits  on  ‘Chairman’

    Billionaire businessman Femi Otedola has recalled  how he gave  late national team captain Chairman Christian Chukwu  a “new lease of life” after undergoing a prostate cancer surgery in 2019.

    In a tweet on Sunday, Otedola wrote a tribute to Chukwu, who died on  Saturday, April 12 at the age of 74.

    he described the death of the football legend who  captained the then Green Eagles  to the country’s first-ever Africa Cup of Nations (AFCON) title in 1980 on home soil,  as ‘rude shock’ , adding his  achievements ‘remain legendary and fully etched in the annals of our national history’.

    Recalled that in 2019, Chukwu suffered prostate cancer, which affected his legs. The family had to open a GoFundMe appeal to solicit funds for his medical treatment. But it was Otedola that eventually stepped in and paid $50,000 for Chukwu’s treatment at Wellington Hospital in London.

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    “Back in 2019, when he was diagnosed with prostate cancer that affected his legs, I stepped in with the necessary support so as to enable him receive comprehensive care and medical treatment in the United Kingdom,” Otedola  said in the tweets.

    “Thankfully, that intervention and opportunity saw him through a very challenging time and gave him a new lease of life. My condolences go out to his entire family and to his fans all over the world. May you all find comfort during this difficult time.”

    The businessman also recalled how he supported Charles Bassey, another member of the 1980 AFCON-winning team, died a few hours after Chukwu’s death.

    Bassey suffered a “nerve root compression” in his spinal cord following a car accident in 1986.

    In 2019, the ex-footballer made a public plea for financial support when complications from the accident made it difficult walking. In 2021, Bassey said the Femi Otedola Foundation funded his spinal cord surgery.

    Meanwhile, Governor  Chukwuma Soludo of Anambra, has described late Chukwu as a formidable defender and a leader of men.

    In a condolence message issued by the Press Secretary to the governor, Christian Aburime, Soludo described Chukwu as a true patriot.

    Soludo said that Chukwu etched his name in the annals of Nigerian football history and his contribution to the development of the sports in the country was immeasurable.

    According to him, such contributions led the national team to winning the Nations Cup (AFCON) in 1980.

    The Governor described Chukwu as an iconic player, a colossus, a formidable defender and a leader of men.

     “He captained the legendary Enugu Rangers International Football Club and the national team, the Green Eagles now Super Eagles, with unrelenting dedication and exemplary skill.

    “Chukwu’s leadership on the field earned him the nickname ‘Chairman’, inspiring generations of footballers and igniting a passion for the beautiful game across the country.

    “His tenure as coach of the Super Eagles further solidified his legacy, as he guided the team with his characteristic wisdom and tactical acumen.

    “Even His commitment to nurturing talent and fostering a spirit of unity within the team left an indelible mark on the Nigerian football landscape,” he said.

    Soludo consoled the immediate family of Chukwu and the Nigerian football fraternity.

    He prayed that his soul rest in peace.

  • Billionaire businessman Otedola donates N3.7b Engineering building Phase II to Augustine University

    Billionaire businessman Otedola donates N3.7b Engineering building Phase II to Augustine University

    Chancellor of Augustine University, Ilara, Epe, Lagos State billionaire businessman Femi Otedola has donated N3.7 billion for the Phase II of the school’s engineering building.

    Speaking at the varsity’s sixth convocation, Otedola, who was represented by Mr. Philip Akinola, described the event as a remarkable moment not only for the graduates but for those that had contributed to shaping the lives and futures of youths.

    A year earlier, the serial philanthropist donated a finished Block ‘A’ of Faculty of Engineering Complex to the institution with a price tag of N2 billion.

    The entrepreneur, who also gave additional N140 million to furnish the facility, went further to donate N110 million for the installation of street lights and the purchase of standby generator to institution.

    During the university’s fifth convocation, the billionaire donated N750 million (N1 million each to returning and fresh students).

    The amount, which covered the students’ tuition, was in in commemoration of his appointment as chancellor.

    According to him, the gesture was to alleviate the hash economic situation in the country affecting parents.

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    He had said: “Before I conclude my speech I wish to note the positive growth of the student population of our university. However, it is my dream that Augustine University (in growing) is known as the centre of excellence for engineering studies.

    “Having completed last year phase one for the engineering faculty which I donated, I wish to announce that the award of the contract for the phase II building is almost completed.

    “I am hereby announcing the donation of the phase II building at a cost of N3.7 billion. The building is to be completed within 12 months,” Otedola pointed out.

    He stated that the institution was committed to forming the whole person, intellectually, spiritually and ethically, stressing that the institution’s belief in the power of education to transform individuals and society.

    He noted that the school’s motto: “For Learning and Character”, captures the essence of what the university stands for, explaining that the institution recognises not only the students’ academic successes but also their growth in character.

    Otedola said: “Learning without character is incomplete. The world does not only need people who are skilled, but people who are kind, ethical, and committed to the common good.

    “We are inspired by the Catholic intellectual tradition, which believes that education should not merely produce graduates who are technically proficient, but also graduates who are morally grounded.

    “We challenge our students to think beyond their personal goals and ambitions. They are encouraged to see their education as a platform for service—to their families, their communities, their country, and indeed, the world.”

    As a Catholic institution, Otedola, who is also the Chairman of FBN Holdings Plc and Geregu Power Plc, stated that the  mission also draws from the rich tradition of service and compassion exemplified by the teachings of Christ.

    He added that the school teaches its students the value of humility, integrity, and love for one’s neighbours and are not just there to earn degrees; but to develop the kind of moral and ethical leadership that Nigeria and the world desperately need.

    Otedola said: “We are building leaders of character, leaders who will go out into the world and make a positive difference wherever they go. The world today is in dire need of people who embody this philosophy.

    “We are living in an age of rapid technological change, political uncertainty, and social upheaval. The challenges we face – climate change, inequality, corruption, and conflict – are complex and multifaceted.

    “Solving these challenges require not only technical expertise but also wisdom, empathy, and a deep sense of moral duty. Our graduates are well-equipped for this task.

    “They have been educated not just in the skills of their respective fields, but also in the virtues that will allow them to navigate a rapidly changing world with integrity and compassion.”

    He reminded the graduates that they had been prepared not only for successful careers but for meaningful lives, telling them that the education they got had been designed to help them grow not just as professionals but as people of character.

    The philanthropist said: “In your workplaces, in your communities, and in your homes, let your learning be a force for good. Let your character shine through in all that you do. I want to take this opportunity to recognise the parents and families of our graduates.

    “Today is as much a celebration for you as it is for the students. You have been their support system, their foundation, and their inspiration.

    “Without your guidance and sacrifices, we would not be celebrating these young men and women today. You have laid the groundwork for their success, and today you share in their achievements.”

    He expressed appreciation to the proprietor – Most Rev. Adewale Martins; the ‘Visioner’ – Anthony Cardinal Okogie; members of the the Board of Trustees and the Governing Council, for their continuous support.

    Otedola also acknowledged the tireless work of the faculty and staff, describing them as the heart and soul of the institution.

    He emphasised that they had not only imparted knowledge to the students, but also helped shape their character, inspiring them to think critically, act ethically, and lead with integrity.

    He told the graduating students: “You have worked hard to reach this moment, and you should be proud of all that you have accomplished. But remember, this is not the end of your journey – it is only the beginning.

    “As you step out into the world, you will face many opportunities and challenges. You will be called upon to make difficult decisions, to take risks, and to lead in uncertain times.

    “In those moments, remember the lessons you have learned here. Remember that your education is not just a tool for personal success but a platform for service to others.

    “Remember that character is as important as knowledge. Your degree is not just a symbol of your academic achievements – it is a testament to your commitment to learning and to living a life of integrity. You are entering a world that needs your skills, your ideas, and your leadership.

    “But more than that, it needs your character. It needs people who will stand up for what is right, who will use their knowledge to solve problems and improve lives, and who will lead with compassion and empathy.

    “This is the kind of leadership that will make a difference in the world. This is the kind of leadership that Augustine University has prepared you for.”

    Martins, who is the Catholic Bishop of Lagos Archdiocese, said that the school recognises that education is not merely about intellectual development, but more about forming individuals who are well rounded, morally grounded and spiritually enriched.

    Vice Chancellor Prof. Christopher Odetunde lauded Otedola, private individuals and corporate bodies for their contributions to the growth of the institution.

  • Femi Otedola hails daughter for becoming King Charles’ ambassador of Trust International

    Femi Otedola hails daughter for becoming King Charles’ ambassador of Trust International

    Billionaire businessman Femi Otedola expressed pride in his daughter, Florence Otedola, popularly known as DJ Cuppy, following her new role with the King of England.

    The Nation reported that DJ Cuppy visited Buckingham Palace, where His Majesty King Charles III hosted her and others at a star-studded King’s Trust International reception.

    Read Also: King Charles invites DJ Cuppy to reception at Buckingham Palace

    Cuppy was also appointed as an Ambassador of the King’s Trust International.

    Taking to his Instagram page, Otedola shared a photo of his daughter and the King as she expressed admiration for her while also praising her for representing Africa as he noted how she is going places.

    He wrote via his Instagram page: “Our @CuppyMusic is going places! His Majesty King Charles III invited Ms Cuppy to Buckingham Palace, and she represented us brilliantly Congratulations on your new role as a King’s Trust International Ambassador … F.Ote”.

  • BREAKING: Femi Otedola appointed Board Chairman of First Bank Holdings

    BREAKING: Femi Otedola appointed Board Chairman of First Bank Holdings

    The First Bank of Nigeria (FBN) Holdings has appointed billionaire businessman Femi Otedola as the new chairman of its board of directors.

    He succeeds the outgoing Chairman of the board, Alhaji Ahmad Abdullahi.

    The financial institution disclosed this in a corporate filing on the Nigerian Exchange Limited (NGX), notifying investors of the new development.

    This appointment, effective January 31, 2024, follows a recent meeting of the board where Otedola succeeds Alhaji Abdullahi.

    Read Also: JUST IN: Femi Otedola visits Dangote refinery, congratulates ‘bestie’ on tremendous feat

    Otedola, a renowned business mogul with significant contributions in various sectors, is expected to bring his extensive experience and strategic insight to FBN Holdings.

    Details shortly…

  • JUST IN: Femi Otedola visits Dangote refinery, congratulates ‘bestie’ on tremendous feat

    JUST IN: Femi Otedola visits Dangote refinery, congratulates ‘bestie’ on tremendous feat

    The executive chairman of Geregu Power PLC and business mogul, Femi Otedola, has visited the Dangote refinery as production starts in the new refinery.

    He also congratulated his ‘bestie’ Aliko Dangote on his achievement in building the world’s largest single-train petroleum refinery.

    The billionaire disclosed this on Wednesday, January 17, his official X page.

    Read Also: Femi Otedola donates N1bn to Lagos security trust fund

    He wrote: “Today I visited the 8th wonder of the world: the Dangote Oil Refinery, which just started production.

    “Congratulations to my bestie @AlikoDangote on this tremendous feat! Guinness Book of Records for the world’s largest single-train petroleum refinery in the world. History is made. F.Ote”

  • The return of Femi Otedola

    The return of Femi Otedola

    Olufemi Otedola has always shown the traits of the proverbial cat with nine lives. He is a man who anyone can’t predict his chess moves most especially in business.

      Very calculative, intelligent and result-oriented, Otedola has always aimed to be a better version of himself at his pace.

      He is a man who knows what he wants, so he chases his dreams and aspirations with much gusto. While many have admired his business acumen, his close friends say he has not even displayed or employed half of his business strategies.

    It’s said if he deploys his business arsenals, many people would have sleepless nights to catch up with his fortune.

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    Years ago, when he announced his plans to quit the once money-spinning oil and gas sector, many faulted his decision but Otedola who is clairvoyant saw that the future of power, so he divested his funds into the Geregu Power Plant in Kogi State.

    Despite having a slow start, Otedola deployed one of his businesses magic wands and launched the brand into the Nigerian Stock Exchange, making it the first power company to be listed there and the share prices continued to soar higher to date.

    Many were shocked at how he was able to pull such a string, but unknown to them, Otedola was quietly plotting some moves to take over FirstBank as the highest single shareholder.

    Many shareholders who were asleep woke up from their slumber as they saw that Otedola had taken over the bank. He also didn’t stop at that. He mopped up shares from Transcorp PLC but later sold his and made an impressive return on investment running into billions of Naira.

    It was at this point that many businessmen, who were relaxed, woke up and started having sleepless nights waiting for the next business the Epe-born philanthropist was going to take over.

    Despite his exit from the Forbes’ List of Billionaires over a decade ago, he recently donated a whopping N1 billion to the Lagos State Security Trust Fund.

    Also, the Chancellor of St Augustine University, Epe, Lagos returned in grand style with a whopping $1.2 billion  networth to become the fourth richest man in Nigeria, according to Forbes.

    With so much consistency, strategy, hard work, doggedness and prayers, what many of his peers have been struggling to get, Otedola got it at his pace.

    Financial pundit says when his investments start materialising, he will leapfrog his position and will move to a whopping $2.3 billion wealth before the end of the year.