Olufemi Peter Otedola was born on 4 November 1962 and is a Nigerian businessman and philanthropist.
27 Facts About Femi Otedola
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Femi Otedola is the former chairman of Forte Oil PLC, and is the current executive chairman of Geregu Power PLC.
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Femi Otedola made his first fortune in commodities before selling his shares in Forte Oil to invest in the energy business.
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Femi Otedola owns properties in Lagos, Dubai, London and Monaco, and holds shares in Zenith Bank and FBN Holdings.
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Femi Otedola is the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate and finance.
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Femi Otedola was born in Ibadan, the capital of Oyo State, southwest Nigeria, into the family of the late Sir Michael Femi Otedola, Governor of Lagos State from 1992 to 1993.
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Femi Otedola was born to Otedola and his former wife, Olayinka Odukoya.
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Florence Femi Otedola, aka DJ Cuppy, is a DJ and music producer, as well as a tourism ambassador for Nigeria.
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Femi Otedola's younger sister, Temi, is an actress, a style blogger and aspiring designer.
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Femi Otedola has homes in Lagos, Abuja, Dubai, London and New York City.
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In 2003, having identified an opportunity in the fuel retail market, Femi Otedola secured the finance to set up Zenon Petroleum and Gas Ltd, a petroleum products marketing and distribution company.
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In 2007, Femi Otedola was appointed chairman and chief executive of Africa Petroleum through the acquisition of a controlling stake in the business.
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In October 2009, Femi Otedola announced a move to upgrade African Petroleum's liquefied petroleum gas storage terminals in Lagos, Kano and Port Harcourt.
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Femi Otedola carried out a restructuring of the business, focusing on technology and improved corporate governance.
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In November 2014, Femi Otedola returned to the Forbes rich list having dropped off it following the fall in share price during 2009.
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In 2019, Femi Otedola sold Forte Oil Plc and announced plans to change focus from oil to power with his company, Geregu Power Plc.
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In 1994, Femi Otedola established CentreForce Ltd, specialising in finance, investments and trading.
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Femi Otedola is chief executive and president of SeaForce Shipping Company Ltd and was at one point Nigeria's largest ship owner after extending control over the distribution of diesel products.
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In January 2006, Femi Otedola was appointed a non-executive director of Transnational Corporation of Nigeria Plc, a multi-sectoral conglomerate established in 2004 by then-President Olusegun Obasanjo to respond to market opportunities requiring heavy capital investment in Nigeria and across sub-Saharan Africa.
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Femi Otedola was a close ally of President Goodluck Jonathan.
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Femi Otedola has served as a member of the Nigerian Investment Promotion Council since 2004, and the same year was appointed to a committee tasked with developing commercial relations with South Africa.
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In 2011, Femi Otedola was appointed by President Goodluck Jonathan to Nigeria's National Economic Management Team.
23.
In 2012, Femi Otedola was reported by reliable media houses to have given bribe to Boniface Emenalo and Farouk Lawan who was at then, the Chairman of the House Committee on Fuel Subsidy Regime, "integrity group" a sum of $620,000.
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The reason reported by witnesses as pertains the actions of Femi Otedola was that he wanted the name of his company removed from the list of firms indicted by Farouq Lawan's committee for abusing the fuel subsidy regime in 2012.
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Femi Otedola whisked her and Kiran to Nigeria, and began an affair with him.
26.
Femi Otedola has made several donations to the Michael Femi Otedola University Scholarship Scheme, which was established in 1985 to give underprivileged students in Lagos State access to higher education.
27.
Femi Otedola fulfilled his pledge of 25,000 dollars to the Super Eagles in the match against Algeria in the 2019 AFCON.