Nigerian billionaire Femi Otedola makes $8.6 million from First Bank investment
Otedola’s recent gains in FBN Holdings and Geregu Power further solidify his status as one of Africa’s wealthiest individuals.
FBN Holdings
Nigerian billionaire Femi Otedola-linked bank to raise $181 million via rights issue
With an impressive 5.57-percent ownership as of June 30, 2023, Otedola stands as the largest shareholder in this Lagos-based financial services holding group.
CBN approves billionaire Femi Otedola as director of FBN Holdings
Femi Otedola, who is the chairman of power generating company Geregu Power, is one of the largest shareholders of FBN Holdings.
Nigeria’s First Bank appoints billionaire businessman Femi Otedola as non-executive director
The move cements Otedola’s position as a leading figure in Nigeria’s business landscape and underscores his influence in the country’s financial sector.
Ecobank moves to seize Nigerian tycoon Oba Otudeko’s FBN shares over $17-million debt
Otudeko, the largest shareholder of FBN Holdings, owes Ecobank more than $17 million.
7 companies owned by Nigerian multimillionaire Oba Otudeko
Otudeko is the founder and chairman of Honeywell Group, a Nigerian conglomerate with holdings in property, energy and engineering services.