7 biggest charitable gifts of Nigerian billionaire Femi Otedola
Otedola’s charity has touched nearly every facet of Nigerian life, from health to education to religion to historic preservation.
Otedola’s charity has touched nearly every facet of Nigerian life, from health to education to religion to historic preservation.
Otedola vowed to increase his investments in Nigeria, citing Tinubu’s leadership as a force behind his confidence in Nigeria’s economic management.
Otedola is not just one of Africa’s wealthiest individuals; he is a symbol of hope and inspiration.
Femi Otedola is the Chairman of Geregu Power Plc
Under Otedola’s guidance, Geregu Power has become a leading player in Nigeria’s power industry.
Femi Otedola, who is the chairman of power generating company Geregu Power, is one of the largest shareholders of FBN Holdings.
The overwhelming support of shareholders underscores Otedola’s substantial impact on the nation’s economy.
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.
Otedola holds the largest stake in the Lagos-based financial services holding group, with a 5.57-percent stake as of June 30, 2023.
This recent boost follows reports that Otedola is partnering with the Lagos State government to develop a power transmission project.
As one of Africa’s richest individuals, Otedola continues to wield significant influence in Nigeria’s economic landscape.
Otedola expressed his optimism about the talks, which aim to establish Nigeria’s first-ever PPP power transmission project.
Otudeko, the largest shareholder of FBN Holdings, owes Ecobank more than $17 million.
Earlier this year, Otedola received an additional $33 million from his power-generating company, Geregu Power.
Balogun, the doyen of investment banking in Nigeria, passed away in London last Friday at 89.
In 2020, Sowami acquired a controlling stake in Forte Oil from Otedola’s Zenon Petroleum and Gas Limited.