Femi Otedola Mobile Number, Phone Number, Email ID, House Residence Address, Contact Number Information, Biography, Whatsapp, and More possible original information are provided by us here.
Femi Otedola was born in Ibadan, Oyo State, on November 4, 1962. His father, Sir Michal Otedola, was a former governor of Lagos State from Epe, and his mother, Lady Doja Otedola, was a businesswoman. Femi Otedola’s father is a man named Sir Michal Otedola. Femi is an entrepreneur who is also very charitable with his money. He now holds the position of Chairman of Forte Oil PLC and Geregu Power PLC. Ibadan and Lagos were where Otedola spent his boyhood. He earned his primary and secondary schooling in both of those towns. After that, he went on to get his education at Obafemi Awolowo Institution in Ile-Ife, situated in Osun. He remained there from 1980 to 1985.
There, he completed his education at the university and received his degree. Even though he was just a youngster, he managed the printing press business his family owned. Otedola founded Centre Force Limited in 1994, and the company achieved rapid success in finance, investment, and commerce. In addition to that, he is the President and Chief Executive Officer of Zenon Petroleum and Gas Limited. His responsibilities include overseeing the company’s operations. His company, which he founded in 2003, is a fuel supplier to the vast majority of the most prominent firms in the nation. These manufacturers include Dangote Group, Nigerian Breweries, Dangote Communications, Nestle, Unilever, and Coca-Cola, amongst others.
Rapid expansion led to the company’s dominance of a sizeable section of Nigeria’s diesel market by 2005. The market in question is located in Nigeria. At that point, it fueled the great majority of the most prominent firms in the nation, including the Dangote Group, Cadbury, Coca-Cola, Nigerian Breweries, MTN, Unilever, Nestle, and Guinness, amongst others. In 2007, the same year the firm changed its name to Forte Oil Plc, he was promoted to chief executive officer and chairman of Africa Petroleum. He donated a charitable donation in the amount of 80 million Nigerian nairas to the Faculty of Agriculture at the University of Port Harcourt in the year 2008. President Goodluck Jonathan appointed him to Nigeria’s National Economic Management Team the following year (2011).
Recently, he invested in electricity generation as part of the deregulation of the sector in Nigeria. In 2011, he was chosen to serve on the team by President Jonathan. This was all part of the process. In addition to that, he formed the following companies: FO Transport and Sea Force Shipping Company Limited, Swift Insurance, Atlas Shipping Agency, and FO Properties Limited. Femi Otedola has shown on several occasions that he is not a person who can be categorized into a particular economy or business sector. He has shown that he is talented in a variety of domains and that he is an expert in them. In addition to being the owner of Swift Insurance, he is also the founder of Centre Force Ltd., a company specializing in finance, investments, and international commerce.
After Aliko Dangote, he is the second Nigerian to make it into the list of dollar-denominated billionaires published by Forbes. Dangote was the first Nigerian to achieve this feat. In addition, in 2014, Forbes Magazine classified him as the 29th richest man in Africa, putting him in the position that he now holds. Nana Otedola is Otedola’s wife. The pair has four children: Olawunmi, Otedola, Nana, and Otedola Jr. Christy Otedola, Elizabeth Temi Otedola, Florence Ifeoluwa Otedola, and a child called Temi Otedola are all members of the Otedola family. Temi Otedola is the oldest kid in the Otedola family. His daughter, Florence Otedola, also goes by the stage name DJ Cuppy and is a music producer serving as a tourism ambassador for Nigeria.
Elizabeth Temi, one of Temi’s other children, is a well-known fashion blogger and designer. She also has her clothing line. He has property holdings in several of the world’s most important cities, including New York City, London, Lagos, Abuja, and Dubai. Before beginning his employment in the petroleum sector, Femi Otedola started his professional life in the 1980s by working for the printing press owned and run by his family. In addition to his studies at Obafemi Awolowo University in Ile-Ife, he continued working at the printing company his father owned while there. Working for the printing company not only provided him with the foundational knowledge and expertise he required for the remainder of his career but also an introduction to the fundamental business strategies he needed to succeed.
As a direct consequence of this, Femi built several businesses, made investments in several other companies, and catapulted himself into a position as one of the wealthiest persons in Nigeria and Africa in general. There are good and bad times, chances to take chances, and times to rest and enjoy the results of one’s commercial endeavors. Along the route to becoming the most successful person in his field, Femi Otedola faced some obstacles. In the beginning, he was met with increasing levels of success and was eventually included on the Forbes list of World Billionaires.
Within nine months, he could wipe out all he had worked so hard to achieve, lowering his net worth from $1.8 billion to $550 million. Femi could weather the storm and re-enter the business; however, this time, she was far more successful than in the past. He started with a net worth of $550 million and has worked his way up to his current net worth of $5.9 billion as of the year 2021. The following is a breakdown of how he amassed his wealth, including the companies and assets that he now benefits from financially.
After accumulating significant business expertise and experience, he concluded that he should start his firm. As a means of earning a living, he decided to enter the oil and gas sector rather than take things easy or go on in the same area of work as his father’s company. In 2003, Femi Otedola laid the groundwork for Zenon Petroleum & Gas Ltd. Most of the company’s activities revolve around marketing and distributing various petroleum-based goods. By the year 2005, Zenon had established itself as a reputable brand in the petroleum sector of the Nigerian economy as a direct consequence of the development and subsequent success of the firm.
In 2005, the company successfully acquired a loan of $1.5 billion from 10 different banks in Nigeria. With this money, they could purchase the largest storage facility in Africa dedicated to motor spirits. During the same year, Femi acquired three cargoes and named each one after a member of his family. These cargoes were MT Lady Doja, MT Sir Michael, and MT Nana. As a company, Zenon was successful in building commercial connections with significant businesses in Nigeria, which it supplied with petroleum products. Zenon gave these corporations. Several companies, including Nestle, Unilever, Guinness, the Dangote Group, Coca-Cola, Cadbury, and Nigerian Breweries, are included in this category.
In subsequent years, the company acquired 55.3% of African Petroleum Plc, representing the most significant share of the company’s stock at that time (AP). After that, he was the company’s majority owner, holding 75% of the claims. After securing the most influential job in African Petroleum, Femi was promoted to the position of Chief Executive Officer and Chairman at the company. In addition to that, he was elected President of the firm. As a result of his proposals and ongoing attempts to rebrand AP, the firm’s name was formally changed to Forte Oil PLC in 2010. First, Forte Oil is responsible for the operation of approximately 500 gas stations around the country, in addition to the production of its engine oil and the ownership of multiple oil storage depots. Femi was able to purchase many additional shares and businesses via Forte Oil as a middleman.
In 2013, Forte Oil was the company that was responsible for the development of not only the Geregu Power Plant (which has a value of $132 million) but also another power plant that was situated in Kogi State. In 2015, Femi Otedola sold 17% of the company he had formed to a Swiss commodities trader named Mercuria Energy Group. This marked the beginning of his departure from the company. It has been stated that he made more than two hundred million dollars from the sale of the company. In November 2016, he was confronted with a severe challenge inside the oil and gas business. He suffered a loss of more than fifty percent of his money as a direct result of the decrease in the price of Forte Oil shares in 2016.
As a result of the decline in Femi’s net worth, which went from $1.8 billion to $550 million, he is no longer included among the globe’s billionaires. He did not experience feelings of discouragement and did not feel forced to end his own life; instead, he was successful in reviving the business. Despite this, Otedola sold the company in 2019 to Prudent Energy Services Limited, which resulted in a massive increase in the amount of money he had in his bank account. During Femi’s purchase of the Geregu Electricity Plant during the process of privatization in the power business, Geregu got an investment of $94 million. This occurred after the privatization of the power industry. The Ameperion Power Distribution Company, a subsidiary of Forte Oil, purchased this power plant. This company was the one that was in charge of the acquisition of this power plant.
Later on, in 2018, right before the sale of Forte Oil PLC, a total of $350 million was invested in the plant. This was an increase from the previous year’s amount. In 2019, he concentrated on Geregu Power Plc, a company that produces electricity, and sold 75% of his holdings in Forte Oil. He did this to illustrate that the power industry is becoming more profitable by the day, so he decided to leave his job in the oil and gas industry to seek a career in the power industry. The fortunes of billionaire Femi Otedola on the Nigerian stock market were not entirely in his control after a drop of -6.35 percent in the value of his investment in First Bank Holdings.
On the other side, he observed a rise of 20.9 percent in the value of his investment in Geregu Power over that period. An investigation of Otedola’s investing activity during trading on December 29 indicated that he sustained a loss of N1.49 billion due to a decrease in demand for First Bank’s shares on the capital market. This resulted from a decline in demand for First Bank’s shares. On Wednesday, trading in First Bank’s shares ended at the same N11.8kobo per share that the financial institution had obtained the previous Friday.
Femi Otedola Phone Number, Email Address, Contact No Information and More Details
Femi Otedola Addresses:
House Address:
Femi Otedola, Ibadan, Nigeria
Fanmail Address / Autograph Request Address:
Femi Otedola,
Ibadan,
Nigeria
Femi Otedola Contact Phone Number and Contact Details info
- Femi Otedola Phone Number: Private
- Femi Otedola Mobile Contact Number: NA
- WhatsApp Number of Femi Otedola: NA
- Personal Phone Number: Same as Above
- Femi Otedola Email ID: NA
Social Media Accounts of Content Creator ‘Femi Otedola ’
- TikTok Account: NA
- Facebook Account (Facebook Profile): https://www.facebook.com/FemiOtedolaCON
- Twitter Account: https://twitter.com/realfemiotedola
- Instagram Account: https://www.instagram.com/femiotedola
- YouTube Channel: NA
- Tumblr Details: NA
- Official Website: NA
- Snapchat Profile: NA
Personal Facts and Figures
- Birthday/Birth Date: 4 November 1962
- Place of Birth: Ibadan, Nigeria
- Wife/GirlFriend: Nana Otedola
- Children: DJ Cuppy, Temi Otedola, Fewa Otedola, Tolani
- Age: 60 Years old
- Official TikTok: NA
- Occupation: Businessman
- Height: 1.75 m
Business Facts
- Salary of Femi Otedola: $1.2 billion
- Net worth: $1.2 billion
- Education: Yes
- Total TikTok Fans/Followers: NA
- Facebook Fans: NA
- Twitter Followers: 750.2K Followers
- Total Instagram Followers: 1.4 million followers
- Total YouTube Followers: NA
| Femi Otedola Address, Phone Number, Email ID, Website | |
|---|---|
| Email Address | NA |
| https://www.facebook.com/FemiOtedolaCON | |
| House address (residence address) | Ibadan, Nigeria |
| https://www.instagram.com/femiotedola | |
| Office Address | NA |
| Office Number | NA |
| Official Website | NA |
| Personal No. | NA |
| Phone Number | NA |
| Snapchat Id | NA |
| TikTok Id | NA |
| https://twitter.com/realfemiotedola | |
| Whatsapp No. | NA |
Some Important Facts About Femi Otedola:-
- Femi Otedola was born on 4 November 1962.
- His Age is 60 years old.
- His birth sign is Scorpio.
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