Tag: Femi Otedola

  • Femi Otedola donates N1bn to Lagos security trust fund

    Femi Otedola donates N1bn to Lagos security trust fund

    Executive Chairman of Geregu Power PLC, Femi Otedola has donated N1 billion to the Lagos State State Security Trust Fund (LSSTF).

    The billionaire visited the Lagos state governor Babajide Sanwo-Olu on Wednesday, January 10, with a cheque of 1 billion naira.

    This was announced by Senior Special Assistant on New Media to Governor Sanwo-Olu, Jubril Gawat on his official X page.

    Read Also: Femi Otedola cup to hold in Abuja

    He posted pictures of the presented with the caption: “Governor of Lagos state, Mr @jidesanwoolu today received the cheque of 1 Billion Naira Donation by a patriotic citizen and an ambassador of Lagos State, Mr Femi Otedola @realFemiOtedola to the Lagos State State Security Trust Fund (@followlsstf).

    “The presentation was made by his daughter, Ms Tolani Otedola @shestolani today at the Lagos House, Marina. Otedola has been a consistent donor to the fund.”

  • Femi Otedola’s quiet celebration

    Femi Otedola’s quiet celebration

    Femi Otedola is, indeed, a man loved by God, hence,  his trajectory in life has been a sweet experience.

    The Geregu boss believes despite hard times, coming out stronger makes you a man and that’s what has always worked for him.

    Today, he is stronger and better and has equipped himself with the experiences that have helped shape his life, his finances and his businesses.

    He is a man who loves to give people opportunity and is a mentor to many. His listening ears and willingness to learn from everyone has set him up high.

    As it stands, Otedola stands tall with a business conglomerate that was built with sheer dint of hard work and consistency.

    Read Also: Femi Otedola’s quest for power

    When he celebrated his 60th birthday last year, many thought he would roll the drums but the cosmopolitan-yet calculative businessman opted for a private celebration, posting goodwill messages recorded by friends on his social media. He thanked God for making him reach 60 in good health and in wealth.

    Otedola is not only living his dreams, he is also fulfilling his destiny as a man who has been commissioned for greatness.

    Instead of throwing a mega soiree like many of his peers would have done, he used the funds to impact the lives of many students, who are leaders of tomorrow, in order to cushion the effect of the biting economy.

  • 80 percent of Nigerians hate me-DJ Cuppy

    Florence Ifeoluwa Otedola, best known as DJ Cuppy has said that 80 percent of Nigerians do not like her.

    The daughter of Nigerian billionaire, Femi Otedola, took to Twitter to make the revelation.

    “80% of Nigerian people don’t like me,” she tweeted.

    “Good thing we have a large pupolation!”. She ended with a laughing emoji.

    Read Also: DJ Cuppy supports KAFFY with 5m

    The famous female DJ who joined the trending topic about ‘80% of Nigerian on Twitter’, gave her own thoughts as she believes a large number of Nigerians do not like her.

    The post showed forth some weeks after the entertainer canvassed for more subscribers on her YouTube channel. Cuppy tweeted “If you Truely love me, subscribe to my @youtube channelNow!”

    This post generated numerous reactions by her followers on both Twitter and Instagram handles. While some encouraged her, others slammed her.

    However, DJ Cuppy is working on her new song titled ‘Gelato’ featuring Zlatan.

  • DSS gave me dollars to set trap for Farouk Lawan, Otedola tells court

    Mr Femi Otedola, a prosecution witness in the ongoing trial of a former member of House of Representatives, Mr Farouk Lawan, over bribery allegation has said the 500,000 dollars offered to the defendant is from the Department of State Service (DSS).

    Otedola disclosed this before Justice Angela Otaluka of the FCT High Court, Apo on Monday while being cross examined by Mr Mike Ozekhome (SAN), counsel to Lawan.

    He said the money was given to him by the DSS to set a trap for Lawan after he wrote a petition against him.

    He accused Lawan of demanding 3 million dollars as bribe from him to exonerate his oil company, Zenon Petroleum and Gas Ltd, from the alleged subsidy scam in 2012.

    He further told the court that the 500,000 dollars was part payment of the 3 million dollars being demanded by Lawan, which was eventually given to him under the supervision of the DSS.

    Otedola said he petitioned the DSS immediately Lawan demanded for the bribe.

    “Lawan said he was going to exonerate my company after giving him the money, security cameras were mounted in my living room to capture the exchange of money between me and the defendant.

    “The video is with the DSS, the money was given to him in two tranches $250,000 each,” he said.

    When reminded by Chief Ozekhome, that the best time “to catch a thief is when the operation is ongoing,” Otedola said he did not know why DSS failed to arrest Lawan at that moment.

    The Judge, however, adjourned the matter till March 8 for continuation of cross examination of the prosecution witness.

    Lawan is being prosecuted by the Independent Corrupt Practices and other related offences Commission (ICPC) for allegedly collecting 500,000 dollars out of 3 million dollars bribe.

    The money was said to have been requested to remove Otedola’s company’s name from the list of firms indicted by the House of Representatives Adhoc Committee on Fuel Subsidy in 2012.

     

    NAN

  • DJ Cuppy buys N162m Rolls Royce Phantom

    Popular Nigerian disk jockey and singer, Florence Otedola a.k.a. DJ Cuppy is now a proud owner of a customised Rolls Royce Phantom estimated at N162 million.

    The 26-year-old daughter of billionaire Femi Otedola, made this known on Friday in her Instagram handle @cuppymusic with a picture of the car.

    “After a 13 month wait, finally picked up my new specially built order! Florence Ote #NewYearNewRide.’’

    Cuppy, who is also a producer won Best Female DJ at the 2015 Nigerian Entertainment Award.

    The Green Light crooner also collaborated with artists such as Tekno, Sarkodie in `Vybe,’ `Currency’ where she featured L.A.X, `Werk’ featuring Skuki and `Charge Up’ with MasterKraft.

    Read Also: Have fewer friends, less drama, DJ Cuppy advises

    In April 2014, Cuppy was appointed as the Tourism Ambassador for the country’s “Fascinating Nigeria’’ campaign by Nigeria’s Ministry of Tourism, Culture and National Orientation.

    On Mar. 20, 2018, DJ Cuppy was announced as an Official DJ Ambassador for Pepsi.

    On June 5, 2018, the billionaire’s daughter was announced as a Global Citizen Education Ambassador.

  • Tolani, Otedola’s daughter releases music video ft. Reekado Banks

    Femi Otedola’s first daughter, Tolani has released the official music video of her latest single ”Ba Mi Lo” featuring Singer Reekado Banks.

    Tolani, Cuppy’s eldest sister dropped the official video few days after the new song, “Ba mi Lo’’ was released on her instagram handle @shestolani #BaMilo featuring @reekadobanks.

    “Ba Mi Lo,” which means “Come With Me” in English language, is a song that speaks on how everyone has that person they obsess about but they are not sure the feeling is mutual.

    The 2 minutes 45 second video was directed by Aje Films.

    Although there have been speculation by fans that the duo were dating, when their photos first appeared on various social media platform, the video showed that they were actually working on this new record.

    The female singer and songwriter, was raised in London England, provided her with an opportunity to soak up two rich cultures which is evident in her music.

    Read Also: Adekunle Gold, Simi set to release joint album

    She has teamed up with some of the music industry’s most accomplished songwriters and producers, including Ali Tencent (Jessie J, David guetta, Westlife).

    She had also worked with Afrobeat hit maker Ekelly and Anthony Marshall of Hitroom recordings; His credits include Britney Spears, JLo, Nelly Furtado, Craig David.

    Tolaní’s debut single “Tenderoni ft Skales. Produced by Anthony Marshall is a blend of Soulful harmonies and infectious African Rhythms that offers listeners a summer time Feel good factor.

  • When Femi Otedola lifted a soul

    When in October news went round that Actor Victor Olaotan, popularly known for his role in the television series Tinsel, was involved in an accident, many did not know how bad the accident was. But weeks after, it was obvious that, the ghastly accident had left the popular veteran actor gasping for survival.

    Olaotan suddenly needed a whopping $50,000 to correct a nervous system injury; something that has to do with neuro-rehabilitation. Even if many politicians and highly placed people could afford to come to his help, only few indicated intention.

    So, Olaotan’s family members waited and waited but only peanuts were dropping into the offering box. But thank God for good friends in the movie industry, one person contacted the other and somehow, actor Richard Mofe-Damijo got involved and we hear he contacted Billionaire Femi Otedola. And before one could say Jack Robinson, the billionaire had sent his people to the financial rescue of the ailing actor.

    So, it was such a relief when friends of the actor who were hitherto running helter-skelter looking for help heard that the billionaire businessman had come to the rescue.

  • Alleged $3m fraud: Lawan demanded bribe from me, Femi Otedola tells court

    BUSINESSMAN Femi Otedola yesterday told a Federal Capital Territory High Court, Abuja, that former Chairman, Sub-committee of the House of Representatives Farouk Lawan demanded $3 million bribe from his company.

    He spoke as a prosecution witness in Lawan’s trial before Justice Angela Otaluka.

    Lawan, a former lawmaker, is facing trial for allegedly demanding a bribe from Otedola, the founder of Zenon Oil and Gas, when he (Lawan) chaired the committee that investigated a multi-billion fraud associated with fuel subsidy during former President Goodluck Jonathan administration.

    He was re-arraigned in December 2016 by the Federal Government for the alleged offence.

    At the resumed hearing yesterday, prosecution counsel Chief Adegboyega Awomolo (SAN) played a video, in which Lawan was seeing receiving $500,000 from Otedola.

    Otedola, who testified in the witness box and led in evidence by Awomolo, later addressed the court on the events narrated in the video.

    The businessman said the accused had indicted his company and demanded a $3 million as bribe to exonerate the firm.

    The witness added that after the initial deposit of $500,000 was payed into his account, Lawan declared Zenon Oil and Gas free of the initial indictment.

    Otedola said: “After the early hours of April 24, 2012 (the time the money was paid), he left and removed the name of Zenon Oil from the list of indicted companies.”

    But when he was asked by Awomolo about a claim by Lawan that he was pressed to take the money from him without actually demanding for same, Otedola said: “I could not have put pressure on him because Zenon Oil was not involved in the theft of the subsidy fund.

    “He did demand. And if he did not demand, why will he collect and expect a balance of $2.5 million?  He mentioned to me that the $3 million will be shared by himself and some other members of the House.

    “Moreover, the company in question was not involved in the importation of petroleum motor spirit (PMS) and as such, never applied to withdraw from the petroleum fund.”

    The witness denied an allegation by Lawan that he offered to pay the money so that his name would be removed from the list of indicted companies.

    “I did not offer any $3 million, because I was one of the biggest players in the business. And I reported the matter initially when I found out about the scam. And he mentioned to me that several companies that were involved in the scam were paying. And I reported to the State Security Service (SSS),” Otedola said.

    He refuted a claim by Lawan that Zenon Oil and Gas was exonerated on the bases of documents later provided by the company.

    “It was the money because during the course of the sitting of the subcommittee, we had submitted all the documents,” the businessman insisted.

    Otedola said his report to security operatives on the matter prompted investigations into the allegations by the police, who invited him for questioning after which his statement was taken.

    After the prosecution was done with its witness, defence counsel Chief Mike Ozekhome (SAN) prayed the court for an adjournment to allow his principal attend the next trial and be cross-examination.

    Justice Otaluka adjourned the matter to January 28 for the defence to conclude the cross-examination.

  • Have fewer friends, less drama, DJ Cuppy advises

    DJ Cuppy, a popular entertainer and daughter of billionaire oil mogul, Femi Otedola , has advised on having fewer friends for the sake of enjoying peace.
    Dj Cuppy whose real name is Florence Ifeoluwa Otedola, said this during her 26th birthday party which she celebrated in London.
    Showing her fans some of the pictures of the party which was attended by family and friends, Dj Cuppy captioned one of the pictures thus: “Fewer friends, less drama… Keep your circle small.”
    Dj Cuppy also got members of her family and friends to paint portraits of her for her birthday at the party. She also recently had a collaboration with MasterKraft titled ‘Charged up’ and released her single ‘Burnt Dodo.’

  • Dangote, Otedola, others meet Theresa May in Lagos

    British Prime Minister, Theresa May, has arrived at FMDQ Security Exchange building, Victoria Island, Lagos, for a meeting with the Nigerian business community.

    The prime minister, accompanied by members of her trade delegation, arrived the venue at 6.30 p.m. on Wednesday.

    Alhaji Aliko Dangote, Mr Femi Otedola and Mr Tony Elumelu, among others, had earlier assembled at the venue.

    The meeting, expected to last for 40 minutes, would provide an opportunity for forging more bilateral relations between Nigeria and the United Kingdom.

    May had earlier on Wednesday afternoon arrived the Murtala Muhammed Airport (MMA), Ikeja, in Lagos after meeting President Muhammadu Buhari in Abuja.

    Read Also: Buhari, Theresa May meet in Aso Rock

    She is billed to spend time with victims of modern slavery during her brief stay in the nation’s commercial hub.

    The prime minister’s visit to Lagos comes barely eight weeks after the French President, Mr Emmanuel Macron, visited the African Shrine in Ikeja, Lagos.

    Gov. Akinwunmi Ambode of Lagos State, accompanied by his deputy, among other state officials, received the prime minister at the airport.

    After the reception, May was driven out of the airport to attend to her engagements in the state.

    After May’s meeting with President Muhammadu Buhari in Abuja, Nigeria and Britain signed agreements on Defence and Security partnership, among others.

    May’s visit to Nigeria is part of her tour of three African countries.