Femi Otedola
Femi Otedola | |
|---|---|
| Born | Olufemi Peter Otedola 4 November 1962 |
| Education | Olivet Baptist High School |
| Occupation | Businessman |
| Spouse | Nana Otedola |
| Children | 4, including Florence "DJ Cuppy" Otedola, Temi Otedola |
| Parent | Michael Otedola |
Olufemi Peter Otedola CON (born 4 November 1962) is a Nigerian businessman and philanthropist. He is the former chairman of Forte Oil PLC, and is the current executive chairman of Geregu Power PLC.
Femi Otedola made his first fortune in commodities before selling his shares in Forte Oil to invest in the energy business. Otedola is chairman of Geregu Power, a power generation business, and owns more than 70% of the shares. During 2022 and 2023 Otedola sold down a Geregu stake that was once more than 95% to bring on institutional investors, investors in Geregu include the Nigerian government, the Afrexim Fund for Export Development in Africa and the State Grid Corporation of China. He also owns properties in Lagos, Dubai, London and Monaco, and holds shares in Zenith Bank and FBN Holdings. Otedola is also the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate and finance.