Femi otedola

He is a visionary entrepreneur with a track record of pioneering businesses, growing and transforming corporations.

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.

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! Don't miss a headline — join now! Join the excitement at 24Lottos.

His commitment to his community, Epe, Lagos State, and Nigeria as a whole is evident through substantial financial contributions to femi otedola promising yet financially disadvantaged students.

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.

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.

Femi otedola

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. He has held various board memberships and leadership positions, including serving as the president of the Nigerian Chamber of Shipping and chairman of Transcorp Hilton Hotel, Abuja. Additionally, he actively participated in national economic management initiatives, serving on the National Economic Management Team chaired by former President Goodluck Jonathan. The scholarship fund covers the tuition fees of students for the academic session, reflecting his dedication to philanthropy, particularly in the education sector, through initiatives such as the Sir Michael Otedola Scholarship Awards Foundation. His appointment as chairman of FBN Holdings marks a significant chapter in his career, symbolizing a continued commitment to leadership, entrepreneurship, and philanthropy.

Flights to chicago il

No more leave of absence for health workers relocating abroad - FG. Hidden categories: All articles with dead external links Articles with dead external links from September Articles with permanently dead external links Articles with short description Short description is different from Wikidata EngvarB from September Use dmy dates from September Articles with hCards. Toronto Star. In , Otedola established CentreForce Ltd, specialising in finance, investments and trading. Following Otedola's entry into the company African Petroleum's share price rose sharply, increasing the market capitalisation from N36 billion to N billion in six months. Otedola has made several donations to the Michael Otedola University Scholarship Scheme, which was established in to give underprivileged students in Lagos State access to higher education. As at October , he was announced as the single largest shareholder 5. The bank disclosed this in a corporate filing on the Nigerian Exchange Limited NGX , notifying investors of the new development. Retrieved 26 February Read Edit View history. Tinubu to decide on border reopening. Femi Otedola's first daughter, Tolani, is a singer. Daily Champion.

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.

This affair was not to be a forever love, though. Be that as it may, new evidence provided by the persecution was very concrete as Femi Otedola was caught red-handed in a video of him giving a bribe and Farouk Lawan accepting it. 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 Join The Punch Newspapers Channel. Retrieved 27 February Fellow Press. South Africa is joining the growing trend of nations recognizing the potential of remote work and is taking steps to attract digital nomads. Reuters Africa. She is a…. As the world faces unprecedented challenges, one thing remains clear: the power to shape our own destiny lies within our hands. In addition to his role at Geregu Power Plc, Mr. The bank disclosed this in a corporate filing on the Nigerian Exchange Limited NGX , notifying investors of the new development. She is one of the most….