Femi Otedola Birthday Highlights
Birth Name
Place Of Birth Ibadan , Nigeria Age 61 years old
Birth Date November 4 1962
Femi Otedola Facts
Child Star? no Occupation Businessman, Entrepreneur Education & Qualifications Obafemi Awolowo University Net Worth $185,000,000,000
Current Partner Nana Otedola Children Florence, Elizabeth, Olawunmi Christy, Temi Otedola Parents Sir Michael
About Femi Otedola Femi Otedola is a renowned Nigerian philanthropist, business mogul, and Forte Oil PLC’s former chairman.Femi Otedola is not only the founder of Zenon Petroleum and Gas Ltd but also many other financial, shipping, and real estate companies. He has also invested here as part of Nigeria’s power sector liberalization.Femi Otedola is the controlling investor and chairman of public trade company Forte Oil, a power generation and oil marketing company. Initially a Nigerian auxiliary of British Petroleum, Forte Oil has over 500 gas stations throughout the country. Forte also possesses oil storage warehouses and manufactures its own engine oil.Femi Otedola has other companies and is the chairman of companies like FO Properties Ltd, SeaForce Shipping Company Ltd, and Swift Insurance.In 2013, Femi Otedola purchased a government-owned gas-fired power plant in Kogi state, central Nigeria. In 2015, Mercuria, a Swiss commodity giant company, acquired 17% of the stake in Forte Oil for around $200 million.Femi Otedola has made real estate investments in major cities, including Abuja, Lagos, Banana Island, New York City, Dubai, and London. He also owns many luxury cars.Femi Otedola Net Worth, Earnings & Spending HabitsWhat is Femi Otedola’s net worth?Femi’s net worth is estimated to be around $1.85 billion.How much does Femi Otedola earn per year?Femi Otedola earns around $10 million per year.Height, Age & Physical AttributesHow tall is Femi Otedola?Information is not available.How old is Femi Otedola?On November 4, 2022, Femi Otedola will be 60 years old. Childhood And EducationFemi Otedola was born on November 4, 1962, in Ibadan, western Nigeria, Africa. Ibadan is the capital of Oyo State. His father was the late Sir Michael, the Governor of Lagos State from 1992-1993.From his childhood, Femi Otedola is known to have an entrepreneurial spirit. Femi looked after the marketing of his father’s family printing press business before he joined the business to trade petroleum products in the ’80s.In 1985, Femi completed his degree from Obafemi Awolowo University, located in Ile-Ife, Osun State of Nigeria.Family, Romance, And RelationshipsWho is Femi Otedola’s partner?Femi Otedola is married to Nana Otedola, who was his longtime sweetheart. Femi Otedola and Nana Otedola have three daughters named Florence Otedola, Olawunmi Christy Otedola, and Elizabeth Temi Otedola, and a son named Temi Otedola. Femi Otedola is a family person; his relationship with his family is strong.His daughter, Florence Otedola, is a DJ, music producer, and Nigeria’s tourism ambassador. She is famously known as DJ Cuppy in Nigeria. In 2015, during the inauguration of Nigeria’s president Muhammadu Buhari, she was the official DJ. She is also a fitness freak and spends at least one hour in the gym.His other daughter, Elizabeth Temi Otedola, is a well-established designer and style blogger.However, Femi’s first daughter is Tolani, born to Femi and Olayinka Odukoya, who was his former lover.Career And Professional HighlightsBest Known For…In 2003, having distinguished an open door in the retail fuel market, Femi tied down the money to set up Zenon Petroleum and Gas Ltd to market and distribute petroleum products and other businesses.In 2004, as the owner and chairman of Zenon Petroleum and Gas Ltd., he put N15 billion into downstream foundation improvement and gained storage depots at Ibafon and Apapa. He also obtained four cargo vessels, adding up to a combined total storage capacity of 147,000 metric tons.By 2005, Otedola’s company had control over a major part of the diesel market business in Nigeria. The company supplied fuel to important manufacturers and companies in the country, including Nigerian Breweries, Coca-Cola, Cadbury, Nestle, Unilever, MTN, Guinness, and Dangote Group.In March 2007, around ten banks supported a syndicated loan of US $1.5 billion net worth to Zenon as funds to construct the biggest premium motor storeroom in Africa. Soon after, Zenon procured a 28.7% stake in the African Petroleum business.African Petroleum became one of Nigeria’s biggest fuel marketers.Zenon also invested across the financial sector, becoming the largest shareholder in various Nigerian banks, including United Bank for Africa and Zenith Bank. Also, Zenon became a significant player in the kerosene market in the diesel business.In December 2010, the brand name African Petroleum was changed to Forte Oil Plc. Femi Otedola led the rebuilding of the business, zeroing in on innovation and working on corporate administration. In 2012, the African Petroleum business got back to benefiting.In 2013, as a result of the government’s push to change Nigeria’s troubled power sector, Femi funded around 57% of Forte Oil auxiliary Amperion Ltd, which was occupied for around $132 million net worth for the 414 MW Geregu Power Plant.During 2013, Forte’s financial position improved, and its expansion into power generation came about with a 1,321% increase in its share price. In the early part of 2014, the company’s pre-tax benefit doubled to 4.19 billion Naira (around $25.7 million net worth). Revenue growth for the entire year was around 33%. In November 2014, Femi was again on the Forbes rich list after his downfall due to the fall in share price during 2009.In 2015, Forte Oil offered 17% of its value to Mercuria Energy Group, giving Forte access to worldwide markets. The deal was expected to be made for around $200 million.Charity WorkOtedola has made many donations to the Michael Otedola University Scholarship Scheme. The scheme was laid out in 1985 to provide the poor students in Lagos State with the privilege of higher education. In 2005, Zenon funded around N200 million for the Michael Otedola University Scholarship Scheme. Since its commencement, the plan has helped more than 1,000 students.In 2005, Femi donated around N300 million to complete the National Ecumenical Centre, Nigeria’s important place for Christians to worship in Abuja.In 2007, Femi was among the main benefactors of giving 200 million to the State Security Trust Fund to stop Lagos State’s wrongdoings.Sometime after that, Femi gave around 100 million to the Otedola College of Primary Education in Noforija, Epe.In 2008, Femi gave around 80 million to the University of Port Harcourt for the Faculty of Agriculture department.In the 2019 AFCON, Femi fulfilled his promise of 25,000 bucks to the Super Eagles in the match held against Algeria.Femi also started CentreForce Ltd., which is into trading, investments, and finance.What awards does Femi Otedola win?In 2018, Femi Otedola won the Zik prize in Business leadership. The following year, he won the Man Of The Year award presented by the Silverbird group. In 2019, Femi also won the African Philanthropist Of The Year Award.In 2020, the Sun Newspaper presented the Award of Honour. In 2019/2020, Vanguard presented the personality of the year award.Other Interesting Femi Otedola Facts And TriviaEven though Femi Otedola has enough wealth, he isn’t keen on getting politically involved in the election but has contributed a lot to Nigeria’s government. He has helped provide education in Nigeria through donations for the development of foundations. He also delivers help to the less privileged students who plan to attend class yet need financial fortitude.A controversy arose in 2014 when Femi Otedola was engaged in an extramarital affair with two Toronto-based sisters, Joyti and Matharro. The two women professed to blackmail cash from him and have recordings to help their cases. In defense, Femi excused their cases as an attempt to extort money from him.In 2016, Femi Otedola was associated with corruption and defilement by offering payoffs to Farouk Lawan and Boniface Emenalo so that Femi’s company was removed from the rundown of the people who owe the Nigerian government.Farouk Lawan is a Nigerian legislator who gathered the names of all the organizations that owed the government during the fuel finance scam. Zenon Petroleum and gas businesses end up owing an immense amount of around $1.4 million.Femi Otedola had previously revealed Farouk to the State security service to gather payoffs. Both Farouk and Boniface were oppressed on February 2, 2013. Farouk professed to gather the bribe from Otedola to nail him, even with a piece of video evidence. Accordingly, Otedola said his company was not under liability to the Nigerian government but rather just set the payoff to tack Farouk. Farouk was declared guilty by the law and was sentenced to seven years in prison.Femi Otedola is a passionate business mogul and continues to finance new businesses.We would love your help! If you have a photo of Femi Otedola, either of them alone or a selfie that you would be happy to share, please send it to [email protected]. If you have knowledge or information that you think would help us improve this article, please contact us.
Femi Otedola Birthday Highlights
Birth Name
Place Of Birth Ibadan , Nigeria Age 61 years old
Birth Date November 4 1962
Femi Otedola Facts
Child Star? no Occupation Businessman, Entrepreneur Education & Qualifications Obafemi Awolowo University Net Worth $185,000,000,000
Current Partner Nana Otedola Children Florence, Elizabeth, Olawunmi Christy, Temi Otedola Parents Sir Michael
Femi Otedola is a renowned Nigerian philanthropist, business mogul, and Forte Oil PLC’s former chairman.
Femi Otedola Birthday Highlights
Birth Name
Place Of Birth Ibadan , Nigeria Age 61 years old
Birth Date November 4 1962
Femi Otedola Birthday Highlights
Birth Name
Place Of Birth Ibadan , Nigeria Age 61 years old
Birth Date November 4 1962
Birth Name
Place Of Birth Ibadan , Nigeria Age 61 years old
Birth Date November 4 1962
Birth Name
Place Of Birth Ibadan , Nigeria Age 61 years old
Birth Date November 4 1962
Femi Otedola Facts
Child Star? no Occupation Businessman, Entrepreneur Education & Qualifications Obafemi Awolowo University Net Worth $185,000,000,000
Current Partner Nana Otedola Children Florence, Elizabeth, Olawunmi Christy, Temi Otedola Parents Sir Michael
Femi Otedola Facts
Child Star? no Occupation Businessman, Entrepreneur Education & Qualifications Obafemi Awolowo University Net Worth $185,000,000,000
Current Partner Nana Otedola Children Florence, Elizabeth, Olawunmi Christy, Temi Otedola Parents Sir Michael
Child Star? no Occupation Businessman, Entrepreneur Education & Qualifications Obafemi Awolowo University Net Worth $185,000,000,000
Current Partner Nana Otedola Children Florence, Elizabeth, Olawunmi Christy, Temi Otedola Parents Sir Michael
Child Star? no Occupation Businessman, Entrepreneur Education & Qualifications Obafemi Awolowo University Net Worth $185,000,000,000
Current Partner Nana Otedola Children Florence, Elizabeth, Olawunmi Christy, Temi Otedola Parents Sir Michael
