Femi Otedola Biography
Femi Otedola, born November 4, 1962, is a Nigerian billionaire businessman, philanthropist, and entrepreneur. He is the Executive Chairman of Geregu Power PLC. He hails from Ibadan, Oyo State, in the South Western part of Nigeria, where he was born. Femi Otedola is one of the richest businessmen in Nigeria, known for his successful businesses around the country.
He is the founder of Zenon Petroleum and Gas Ltd, with other businesses across shipping, real estate and finance.
|Full Name:||Femi Otedola|
|Date of Birth:||November 4, 1962|
|Place of Birth:||Ibadan, Oyo|
|State of Origin:||Oyo State|
|Net Worth:||$5.9 billion|
Early Life and Education
Otedola was born and raised in Ibadan, the capital city of Oyo State, in south-west Nigeria. He was born into the family of the late Sir Michael Otedola, Governor of Lagos State from 1992 to 1993.
He had his secondary education at Olivet Baptist High School before he proceeded to Obafemi Awolowo University where he graduated with a degree.
Femi Otedola has a host of businesses and is regarded as one of the richest men in Nigeria. In 2003, he founded Zenon Petroleum and Gas.
In 2007, he was appointed chairman and chief executive of Africa Petroleum through the acquisition of a controlling stake in the business.
In December 2010, African Petroleum rebranded, thus changing its name to Forte Oil PLC.
Otedola is chief executive and president of SeaForce Shipping Company Ltd and was Nigeria’s largest ship owner after extending control over the distribution of diesel products.
Adrova PLC rebranded to Forte Oil in 2020 and is still one of the leading firms in the oil and gas sector.
Otedola has invested in power generation as part of the liberalisation of the sector in Nigeria.
Femi Otedola Net Worth
Femi Otedola is a Nigerian businessman and investor. He has an estimated net worth of $5.9 billion.
As a great philanthropist, Otedola has made several donations to the Michael Otedola University Scholarship Scheme, which was founded in 1985 with the aim of helping underprivileged students in Lagos State access higher education.
He fulfilled his pledge of $25,000 to the Super Eagles in the match against Algeria during the 2019 AFCON.
Femi Otedola Wife
Femi Otedola is currently married to Nana Otedola with a marriage blessed with three children: two daughters, Florence Ifeoluwa, popularly known as DJ Cuppy and Elizabeth Temi, with a son Fewa Otedola.
However, Otedola previously had a daughter Tolani who is a singer. Tolani was born to Otedola and his former lover, Olayinka Odukoya.
Femi Otedola House
Otedola has beautiful houses around the world. He has houses in Lagos, Abuja, Dubai, London and New York City.
- Instagram: @femiotedola
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